Free Republic

As part of the $900 billion coronavirus relief package it passed late Monday, Congress is set to allow mixed-status households with undocumented family members to receive stimulus checks that they were denied under the first round of legislation in the spring. Under the bipartisan agreement, U.S. citizens and green card holders will be able to receive $600 in direct aid, even if they filed a joint tax return with an undocumented spouse, as well as additional $600 checks per dependent child, according to congressional aides and the text of the legislation. The new compromise would also retroactively make mixed-status families...

The U.S. government’s historic $2.2 trillion coronavirus aid relief package recently approved by Congress is highly vulnerable to fraud and abuse, oversight experts and veteran watchdogs who investigated abuse of the government’s financial system bailout more than a decade ago told ABC News. The size of the unprecedented relief package – in the scale of spending and the number of businesses eligible for funds – will make it difficult to verify the information from each applicant, and how they plan to use their money. “Everybody’s acceptance of some or a lot of fraud is going to have to be high,...

Headline only, story developing.

"While there are encouraging signs that California's economy is preparing for a comeback, the recession continues to drag state revenues down," said Controller John Chiang in a statement. He called the new figures "a major blow to a budget that is barely 10 weeks old." Even before the bad fiscal news, policymakers were bracing for a big budget deficit next year. The Department of Finance anticipates a $7.4-billion deficit in 2010-11. That's a conservative estimate, because lawsuits have tied up or reversed some planned budget cuts.

While there are a lot of numbers reported in Citibank's recent quaterly earnings there is ONE critical comparison that is missing -- that is the sequential analysis of the credit losses (Q1 vs. Q2). I believe this is critical information not just for Citibank but for all financials. First, here are the links to the Q1 report http://www.citigroup.com/citi/press/2009/090417a.htm and Q2 report http://www.citigroup.com/citi/press/2009/090717a.htm Getting to the point on credit losses: April 17th report: Credit costs of $10.3 billion, up 76%, consisted of $7.3 billion in net credit losses, a $2.7 billion net loan loss reserve build, and $332 million of policyholder...

I have been extremely strident in my ridicule of bogus, bankster “bottom-lines" - and I'm certainly not alone... Thus, when a Wall Street mouth-piece like Bloomberg heaps doubt onto the validity of Wall Street accounting, and the supposed “profits” they are now reporting, this is something which should be examined more closely than most of their drivel... To quickly recount this propaganda campaign to make U.S. banks not only appear solvent, but “profitable”, here is the chronology. First, the so-called U.S. accounting “regulator” severely diluted U.S. accounting standards (see “FASB strong-armed into mark to fantasy accounting”) - just in time...

From link below: Feb. 28 Kansas City Tea Party - 10:00am Tea Party Protest in Kansas City, Mo. Where To Meet: J.C. Nichols Fountain, 47th and J.C. Nichols Parkway K.C. MO. 1Mile Walk To: Senator Claire McCaskill (D) K.C. Office 4141 Pennsylvania Ave. K.C.MO. Email: KansasCityTeaParty@yahoo.com Sponsors: ? Blind Mule

Much of the "stimulus" bill is devoted to a backdoor undoing of one of Washington's greatest achievements of recent years - welfare reform. One of the most important changes of the Clinton-era reform law was replacing the individual entitlement to welfare with a block grant to the states. In the old system, the more people a state signed up for welfare, the more money it got from Washington. The block grant broke this link, creating an incentive for states to help people become self-supporting. But, as The Post's Charles Hurt has reported, slipped into the stimulus bill is a provision...

These socialists are not representing their base and therefore not doing the job of the people.  It is our duty to remove them from office immediately.  I have a table below that shows us what congressional members can be legally recalled from office.  Let us not wait until 2010.  Let us remove them now!   How the Recall Process Works Grounds for Recall Specific grounds for recall are required in only seven states:   Alaska: lack of fitness, incompetence, neglect of duties or corruption (AS §15.45.510) Georgia: act of malfeasance or misconduct while in office; violation of oath of office;...