News

The Story of the Staten Island Tea Party

August 4th, 2010  |  Published in News

By Frank Santarpia | Staten Island Tea Party
Part One
A great deal has been written about the Tea Party movement in America – some of it correct, much of it lies and smears. Rarely do we, the people within the movement, have an opportunity to speak directly to a community and relate the facts; to set [...]

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NYT’s Apology For Tea Party Racism Accusation Not Enough For Breitbart

August 3rd, 2010  |  Published in News

by Frances Martel | 4:14 pm, August 3rd, 2010
A few days ago, the New York Times ran a correction on an article about the Tea Party. In it, they note that there is no proof that Tea Party supporters shouted racial epithets at Congressman John Lewis. Another feather in the cap of Andrew Breitbart, surely, [...]

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Will Washington’s Failures Lead To Second American Revolution?

August 1st, 2010  |  Published in News

 

Perspective
 
By ERNEST S. CHRISTIAN AND GARY A ROBBINS Posted 07/30/2010 06:30 PM ET

The Internet is a large-scale version of the “Committees of Correspondence” that led to the first American Revolution — and with Washington’s failings now so obvious and awful, it may lead to another.
People are asking, “Is the government doing us more harm than good? [...]

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Federal Debt and the Risk of a Fiscal Crisis

July 27th, 2010  |  Published in News

July 27, 2010
Economic and Budget Issue Brief
Summary

Over the past few years, U.S. government debt held by the public has grown rapidly—to the point that, compared with the total output of the economy, it is now higher than it has ever been except during the period around World War II. The recent increase in debt has [...]

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Second Housing Crisis? Another $1T in Mortgages Backed by Taxpayers

July 26th, 2010  |  Published in News

By Peter Barnes
Published July 26, 2010
| FOXBusiness
With little fanfare, the U.S. government has rapidly become the nation’s top backer of mortgages that require little or no money down, with taxpayer guarantees on them surpassing $1 trillion earlier this year, a FOX Business analysis shows.  
“Zero down” mortgages as high as $1 million have been backed by [...]

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Who can capture the Tea Party vote?

July 25th, 2010  |  Published in News

NY Post | By MAUREEN CALLAHAN | Posted: 12:27 AM, July 25, 2010
It’s called a party though it’s not a party, though even that depends whom you ask. It’s not in the business of endorsing candidates except when it is, and has no interest in the establishment even though one member is running for governor.
Welcome [...]

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White House predicts record $1.47 trillion deficit

July 23rd, 2010  |  Published in News

By ANDREW TAYLOR, Associated Press Writer Andrew Taylor, Associated Press Writer – Fri Jul 23, 3:12 pm ET

WASHINGTON – New estimates from the White House on Friday predict the budget deficit will reach a record $1.47 trillion this year. The government is borrowing 41 cents of every dollar it spends.
That’s actually a little better than the administration predicted in [...]

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Congress Ranks Last in Confidence in Institutions

July 22nd, 2010  |  Published in News

July 22, 2010
by Lydia Saad
PRINCETON, NJ — Gallup’s 2010 Confidence in Institutions poll finds Congress ranking dead last out of the 16 institutions rated this year. Eleven percent of Americans say they have a great deal or quite a lot of confidence in Congress, down from 17% in 2009 and a percentage point lower than [...]

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Gov’t watchdogs: mortgage program is not working

July 21st, 2010  |  Published in News

Bailout watchdogs say Obama mortgage program is failing to help homeowners facing foreclosure
Daniel Wagner, AP Business Writer, On Wednesday July 21, 2010, 11:27 am EDT
WASHINGTON (AP) — Government watchdogs told a Senate panel Wednesday that the Obama administration’s effort to help homeowners avoid foreclosure isn’t working and that the Treasury Department has failed to fix [...]

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US financial system support up $700 bln in past year-watchdog

July 21st, 2010  |  Published in News

 

Wed Jul 21, 2010 12:08am EDT

* Total US govt financial system support seen at $3.7 trln
* US support swells by $700 bln in past year-watchdog
* Mortgage, housing commitments account for most of rise
* TARP watchdog criticizes Obama housing rescue efforts
By David Lawder
WASHINGTON, July 21 (Reuters) – Increased housing commitments swelled U.S. taxpayers’ total support for [...]

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