Free Republic

Many employees are receiving notices this month that their contribution to their health insurance premiums is increasing. But that’s not all they’re getting from the Democratic Congress: They can also expect higher tax withholding beginning January 1, thanks to the decision Harry Reid and Nancy Pelosi made to leave town without voting on whether to let tax rates rise: Employers in the U.S. are starting to warn their workers to prepare for slimmer paychecks if Congress fails to vote on an extension of Bush-era tax cuts. “I’ve been doing payroll for probably close to 30 years now, and never have...

As we have been reading the latest coverage on the AIG bailout from the SIGTARP report and the Treasury Secretary Geithner’s Congressional testimony, a nagging question remains unresolved: why did AIG get bailed out but the monoline bond insurers did not? . . . I hate to get sucked into the vampire squid line of thinking about Goldman, but the only explanation i can think of for why AIG got rescued and the monolines did not is because Goldman had significant exposure to AIG and did not have exposure to the monolines. When it became clear that AIG could face...