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When the people fear the government, there is tyranny; When the government fears the people, there is liberty.  ~ Thomas Jefferson

 

Entries from March 3rd, 2010

GAO chief says government wastes $98 billion a year on improper payments

March 3rd, 2010 · General

This is one billion dollars. Multiply by ninety-eight.

By Gautham Nagesh – The Daily Caller 03/01/10 at 2:10 AM

In what has become an annual ritual, the nation’s top accountability officer panned the government’s handling of its finances and estimated accounting errors cost taxpayers almost $100 billion per year.

Acting Comptroller General Gene Dodaro said Friday the federal government likely wastes about $98 billion on mistaken transactions and other improper payments. He also criticized the federal government’s inability to effectively collect taxes or secure its computer systems and pressed for action on financial regulatory reform.

“Problems in the nation’s financial sector have exposed major weaknesses in the current U.S. financial regulatory system. If those weaknesses are not adequately addressed, we could see similar or even worse crises in the future,” Dodaro cautioned.

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New formula to give fresh look at U.S. poverty

March 3rd, 2010 · Deception, Economy, Government Control, Obama's Scheme

By Amy Goldstein Washington Post Staff Writer
Wednesday, March 3, 2010

The Obama administration Tuesday embraced an alternative way of defining what it means to be poor, stepping gingerly into a long-running debate over whether to revise the method that has been used to measure poverty for decades.

Under a “Supplemental Poverty Measure” announced by the Commerce Department, the government is augmenting, but not replacing, the formula that determines how many people are considered to be in poverty, taking into account a wider range of expenses and income to try to create a truer portrait of which Americans are financially fragile.

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D.C. Council votes to censure Barry, strip him of chairmanship

March 3rd, 2010 · Accountability, Corruption, Ethics

By Nikita Stewart and Jonathan Mummolo Washington Post Staff Writers
Wednesday, March 3, 2010

D.C. Council member Marion Barry, at times slumped in his seat, pleaded with fellow Democrat Muriel Bowser, reminding her that he had known her since she was 7 years old. He appealed to Council Chairman Vincent C. Gray, recalling their 35-year friendship, filled with intimate conversations.

Once the city’s most powerful politician, Barry dropped his usual defiant tone in Tuesday’s council meeting, where he was reduced to calling on longtime friends to save what’s left of his stature. “You don’t want to be known as the person who took Mr. Barry’s due process away from him,” Barry told Gray. “You’re too good a person. I know you better than that. I love you. You’re my friend. You got caught up.”

But his pleas and his argument that he was being unfairly “singled out” did not persuade Gray or any other council members, who voted 12 to 0 to censure Barry, strip him of his committee chairmanship and refer allegations of public corruption to the U.S. attorney’s office for possible prosecution.

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Senators propose consumer-protection regulator within Fed

March 3rd, 2010 · Accountability, Banking Industry, Deception, Senate

By Binyamin Appelbaum and David Cho Washington Post Staff Writers
Wednesday, March 3, 2010

It’s an unlikely twist after all the beatings that Democrats and Republicans have laid on the Federal Reserve over the past year.

Some lawmakers who set out to improve financial regulation by stripping the Fed of its powers are moving toward the grudging conclusion that the Fed should hold even more power.

The central bank was responsible for the health of the nation’s largest banks and the safety of American borrowers. Its failures in both roles have been well documented.

Even so, key lawmakers on the Senate banking committee are seeking bipartisan support for a plan to house a new consumer-protection regulator inside the Fed. Separate efforts to strip the Fed of its responsibility for overseeing large banks have lost momentum.

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CBO Update

March 3rd, 2010 · CBO Update

The following has been added to CBO’s Web site (www.cbo.gov):

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Obama administration plans to close International Labor Comparisons office

March 3rd, 2010 · Accountability, Corruption, Deception, Economy, Ethics, Government Control, Non-Transparency, Obama's Scheme, Politics, Selling Out the US, Terrorism from Within, Unemployment

By Alec MacGillis Washington Post Staff Writer
Wednesday, March 3, 2010

Like a scorekeeper for the world, a tiny unit within the Bureau of Labor Statistics tracks globalization’s winners and losers, and the results are not always pretty for the United States. Manufacturing jobs here, for example, have fallen faster since 1979 than in Canada, Germany or Japan. Compensation for those jobs dropped here in 2008 but jumped in South Korea and Australia.

Soon, however, Americans may be spared the demoralization in these numbers: The White House wants to shutter the unit that produces them.

President Obama‘s budget would eliminate the International Labor Comparisons office and transfer its 16 economists to expand the bureau’s work tracking inflation and occupational trends. The White House says the cut, estimated to save $2 million, is one of many difficult decisions the president was forced to make to control spending.

“This budget had to make some tough choices and prioritize the nation’s most pressing needs during a challenging economic and fiscal climate,” said Office of Management and Budget spokesman Tom Gavin. But the proposed cut has triggered an outcry from an eclectic group of academics, business leaders and union officials — a reminder that, in the sprawl of the federal government, some seemingly obscure offices have built a loyal following around their discrete missions.

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Rep. Charles Rangel to temporarily quit key tax post

March 3rd, 2010 · Accountability, Congress, Corruption, Democrats, Ethics, Greed, Selling Out the US, Tax Dollars, Terrorism from Within

By Paul Kane and Perry Bacon Jr. Washington Post Staff Writers
Wednesday, March 3, 2010; 11:12 AM

Rep. Charles B. Rangel (D-N.Y.) announced Wednesday that he would temporarily step down as chairman of the powerful House Ways and Means Committee, days after being admonished for breaking House rules by accepting corporate-financed travel.

The longtime incumbent from Harlem, who was facing a growing wave of opposition from within his party, said he didn’t want the ethics probe into his activities to affect fellow Democrats running in next fall’s House elections.

“In order to avoid my colleagues having to defend me during their elections, I have this morning sent a letter” to House Speaker Nancy Pelosi (D-Calif.), “asking her to grant me a leave of absence until such time as the ethics committee completes its work,” Rangel said.

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US Congress Daily Digest – March 2010

March 3rd, 2010 · Daily Digest

Document are available for download in PDF format.

  • Wed, Mar 31, 2010 – Recess
  • Tue, Mar 30, 2010 – Recess
  • Mon, Mar 29, 2010 – Recess
  • Sun, Mar 28, 2010 – Recess
  • Sat, Mar 27, 2010 – Recess
  • Fri, Mar 26, 2010
  • Thu, Mar 25, 2010
  • Wed, Mar 24, 2010
  • Tue, Mar 23, 2010
  • Mon, Mar 22, 2010
  • Sun, Mar 21, 2010
  • Sat, Mar 20, 2010
  • Fri, Mar 19, 2010
  • Thu, Mar 18, 2010
  • Wed, Mar 17, 2010
  • Tue, Mar 16, 2010
  • Mon, Mar 15, 2010
  • Sun, Mar 14, 2010 – Not In Session
  • Sat, Mar 13, 2010 – Not In Session
  • Fri, Mar 12, 2010
  • Thu, Mar 11, 2010
  • Wed, Mar 10, 2010
  • Tue, Mar 09, 2010
  • Mon, Mar 08, 2010
  • Sun, Mar 07, 2010 – Not In Session
  • Sat, Mar 06, 2010 – Not In Session
  • Fri, Mar 05, 2010
  • Thu, Mar 04, 2010
  • Wed, Mar 03, 2010
  • Tue, Mar 02, 2010
  • Mon, Mar 01, 2010
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