Posted by editor on April 13, 2012 · 1 Comment
Since assuming conservatorship in 2008, the Federal Housing Finance Agency has steadfastly refused to allow Fannie Mae and Freddie Mac to reduce mortgage principals for delinquent underwater homeowners. Read More
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Filed under Analysis, Banking & Finance, Economy, Government, Housing, News, U.S. · Tagged with borrowers, Brookings Institution, conservatorship, default, defaults, economic crisis, economic recovery, Edward DeMarco, Fannie Mae, Federal Housing Finance Agency, FHFA, forbearance, foreclosures, Freddie Mac, Home Affordable Modification Program, home mortgages, homeowners, housing market, investors, loan modification, Loan to Value, loans, mortgage, mortgage payments, principal reduction, real estate, recession, taxpayers, underwater mortgages
Posted by editor on April 10, 2012 · 5 Comments
Transcript of remarks by Federal Housing Finance Agency Acting Director Edward DeMarco on whether Fannie Mae and Freddie Mac should offer loan principal forgiveness for underwater mortgage borrowers (April 10, 2012):
Edward DeMarco, Acting Director of the Federal Housing Finance Agency. SOURCE: C-SPAN.org
“Over the past six years, many efforts have been launched by the federal government to stem the losses arising from the housing crisis... Read More
Filed under Congress, Economy, Government, Housing, Politics, Tax Dollars at Work, Transcripts, U.S. · Tagged with borrowers, Brookings Institution, Congress, conservatorship, credit rating, default, defaults, economic crisis, Edward DeMarco, Elijah Cummings, Fannie Mae, Federal Housing Finance Agency, FHFA, forbearance, foreclosures, Freddie Mac, Home Affordable Modification Program, home mortgages, homeowners, housing market, investors, loan modification, Loan to Value, loans, mortgage, mortgage payments, mortgage-backed securities, principal reduction, recession, refinancing, short-sale, taxpayers, Treasury, Treasury Department, underwater mortgages
Posted by editor on April 4, 2012 · 3 Comments
Transcript of President Barack Obama’s speech at the Associated Press luncheon on April 3, 2012:
President Obama:
President Barack Obama at the Associated Press luncheon. SOURCE: WhiteHouse.gov
“Thank you very much. Please have a seat. Well, good afternoon, and thank you to Dean Singleton and the board of the Associated Press for inviting me here today. It is a pleasure to speak to all of you — and to have a microphone that... Read More
Filed under Congress, Current Events, Economy, Election 2012, Government, Health care, Politics, Social Services, Tax Dollars at Work, Tax Policies, Transcripts, U.S. · Tagged with Affordable Health Care Act, Bush tax cuts, children, concentration of wealth, debt, defense, deficit reduction, Democratic, Democratic Party, Democrats, discretionary spending, economic crisis, economic recovery, election 2012, federal debt, federal deficit, financial crisis, foreign debt, GOP, Great Depression, health insurance, high deficits, income and wealth gap, insurance premiums, Medicaid, Medicare, military, Mitt Romney, national debt, Newt Gingrich, non-defense, Obamacare, Paul Ryan, political campaigns, President Barack Obama, presidential election 2012, recession, reduce deficit, Republican, Republican Party, Republicans, retirement, seniors, Social Security, Social Services, tax breaks, tax reform, trickle-down economics, U.S. tax reform, Warren Buffett
Posted by editor on February 16, 2012 · 3 Comments
The Obama administration’s 2013 budget advocates a balanced approach to reduce the nation’s long-term deficit by cutting government spending and reforming the tax code to recover revenues lost during the Bush administration.
The White House contends the President’s proposals would cut deficits by $4 trillion over the next 10 years, bringing down the deficit to 2.8% of GDP by the end of the decade. Read More
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Filed under Analysis, Commentary, Congress, Current Events, Economy, Election 2012, Energy & Environment, Government, Health care, News, Politics, Social Services, Tax Dollars at Work, Tax Policies, Transcripts, U.S. · Tagged with Afghanistan, agriculture, Asia Pacific, balanced budget, Bernie Sanders, Big Oil, budget, Budget Control Act of 2011, budget showdown, Bush administration, Bush tax cuts, CBO, children, clean energy, Congress, Congressional Budget Office, corporate tax, counter-terrorism, crime, debt, defense, Defense Department, deficit, deficit reduction, demand, Democratic, Democratic Party, Democrats, discretionary spending, drastic budget cuts, economic crisis, economic recovery, economy, Education, election, election 2012, emergency room, federal budget, federal budget 2013, federal debt, federal deficit, federal spending, financial market, Fiscal Responsibility, Florida, gas, GOP, government spending, health care, high deficits, hospital, housing bubble, investments, Iraq, job training, jobless, jobs, long-term unemployed workers, Maine, Medicaid, Medicare, medicine, mental health, Middle East, middle-class, military, millionaire, Montana, national debt, non-defense, nursing facilities, oil tax subsidies, Overseas Contingency Operations, payroll tax, peace, Pennsylvania, poverty, President Barack Obama, presidential election 2012, public school education, recession, reduce deficit, Republican, Republican Party, Republicans, research, retirement, rural development, science, seniors, small businesses, Social Security, special forces, spending, spending caps, subsidies, tax, tax benefits, tax code, tax credit, tax deductions, tax increase, tax increases, tax loopholes, tax revenue, taxpayer-subsidized, transportation, U.S., unemployment, unemployment insurance, United States, veterans, war, War in Afghanistan, weapons, West Virginia
Posted by editor on February 15, 2012 · 4 Comments
President Barack Obama’s 2013 budget contains several key spending and tax measures aimed at boosting jobs and strengthening the delicate economic recovery by addressing weak consumer demand.
The proposed spending and tax measures would tackle the continuing weak demand that’s holding back job growth, keeping unemployment above 8%. Read More
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Filed under Analysis, Corruption, Current Events, Economy, Election 2012, Government, Local, News, Politics, Social Services, State, Tax Dollars at Work, Tax Policies, U.S. · Tagged with Afghanistan, balanced budget, budget, Budget Control Act of 2011, budget showdown, CBO, Chris Van Hollen, Congress, Congressional Budget Office, construction, debt, deficit, deficit reduction, demand, Democratic, Democratic Party, Democrats, Doug Elmendorf, drastic budget cuts, economic crisis, economic recovery, economy, election, election 2012, federal budget, federal budget 2013, federal debt, federal deficit, federal spending, firefighters, Fiscal Responsibility, GOP, government spending, health care, high deficits, high-speed rail, housing bubble, housing market, infrastructure, investments, Iraq, jobless, jobs, Kent Conrad, local government, long-term unemployed workers, medicine, middle-class, national debt, payroll tax, peace, poverty, President Barack Obama, presidential election 2012, private contractors, private contracts, public infrastructures, public school education, recession, reduce deficit, Republican, Republican Party, Republicans, small businesses, spending, spending caps, tax, tax credit, tax deductions, tax revenue, transportation, U.S., unemployment, unemployment insurance, United States, US Senate Democrats, war, War in Afghanistan
Posted by editor on February 13, 2012 · 3 Comments
The Obama administration today presented a $3.8 trillion budget that seeks to create jobs by investing heavily in transportation infrastructure programs and to reduce the deficit by letting the 2001 and 2003 Bush tax cuts expire at the end of the year. Read More
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Filed under Analysis, Commentary, Congress, Economy, Election 2012, Government, News, Politics, Social Services, Tax Dollars at Work, Tax Policies, Transcripts, U.S. · Tagged with Afghanistan, agriculture, alternative energy, Asia Pacific, Big Oil, budget, Budget Control Act of 2011, Bush tax cuts, clean energy, coal, Criminal Justice, cybersecurity, defense, Defense Department, deficit, deficit reduction, discretionary spending, domestic energy, drastic budget cuts, economic recovery, economy, Education, election, election 2012, electricity, energy security, federal budget, federal budget 2013, federal debt, federal deficit, federal income tax, federal spending, gas, GDP, government spending, health care, high deficits, higher education, income, income and wealth gap, income inequality, infrastructure, Iraq, jobs, justice, K-12, long-term energy security, low-income, manufacturer, math, Medicaid, Medicare, medicine, Middle East, military, moderate-income, national debt, National Institutes of Health, non-defense, oil, payroll tax, Pell grants, President Barack Obama, presidential election 2012, public infrastructures, public school education, recession, reduce deficit, renewable energy, research, science, seniors, small businesses, solar, spending cuts, subsidies, surveillance, tax benefits, tax breaks, tax code, tax loopholes, top income earners, transportation, tuition, U.S. tax reform, unemployment, unemployment insurance, veterans, War in Afghanistan, Warren Buffett, wind
Posted by editor on February 13, 2012 · 2 Comments
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Transcript of President Barack Obama’s remarks on the 2013 federal budget at the Northern Virginia Community College on Feb. 13, 2012:
“It is great to be back here at NOVA. I’ve been here so many times I’m about three credits short of graduation. But there are a couple of reasons that I keep on coming back. First of all, I think that Dr. Templin and the whole administration here is doing a great job, so I want... Read More
Filed under Banking & Finance, Congress, Current Events, Economy, Election 2012, Energy & Environment, Government, Health care, Housing, Politics, Social Services, Tax Dollars at Work, Tax Policies, Transcripts, U.S. · Tagged with Big Oil, budget, Bush tax cuts, business, China, clean energy, community colleges, concentration of wealth, cybersecurity, deficit, deficit reduction, domestic energy, economic crisis, economic recovery, economy, Education, election, election 2012, employment, energy security, fair share, federal budget, federal budget 2013, federal deficit, federal spending, foreign oil, government spending, higher education, income and wealth gap, income inequality, India, inflation, infrastructure, investments, job training, jobs, K-12, manufacturer, Medicare, middle-class, millionaire, natural gas, oil tax subsidies, outsourcing jobs overseas, payroll tax, Pell grants, President Barack Obama, presidential election 2012, public infrastructures, public school education, recession, reduce deficit, science, small businesses, spending caps, spending cuts, student debt, student loans, tax breaks, tax credit, tax cuts, taxes, technology, top income earners, tuition, U.S. tax reform, unemployment insurance, veterans, Virginia, Wall Street, Warren Buffett
Posted by editor on February 2, 2012 · 2 Comments
The federal deficit will reach $1 trillion for the fourth consecutive year and unemployment rate will remain around 8% in 2012 as the economy slowly recovers from the Great Recession of 2007 – 2009, according to the Congressional Budget Office.
“The pace of the [economic] recovery has been slow since the recession ended 2 1/2 years ago,” said Doug Elmendorf, Director of the Congressional Budget Office. “We project that... Read More
Filed under Analysis, Congress, Current Events, Economy, Government, Housing, News, Politics, Social Services, Tax Dollars at Work, Tax Policies, U.S. · Tagged with Bush tax cuts, business, CBO, Congressional Budget Office, consumer spendings, debt, deficit, deficit reduction, Doug Elmendorf, drastic budget cuts, economic recovery, federal budget, federal debt, federal deficit, GDP, housing market, income security, jobless, jobs, long-term unemployed workers, low-income, national debt, recession, reduce deficit, retirement, seniors, tax cuts, unemployment
Posted by editor on January 24, 2012 · 16 Comments
Transcript of President Barack Obama’s 2012 State of the Union Address: Read More
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Filed under Banking & Finance, Civil Rights, Current Events, Economy, Election 2012, Energy & Environment, Government, Health care, Housing, Human Rights, International, Politics · Tagged with Afghanistan, Al Qaeda, American workers, Attorney General Eric Holder, auto industry, Big Oil, border security, campaign contributions, China, Chrysler, clean energy, concentration of wealth, construction, consumer protection, corporate greed, corporate tax, corporate tax reform, corporations, credit card, debt, Defense Department, deficit, domestic energy, drastic budget cuts, economic recovery, economy, election 2012, energy security, Europe, federal government, Financial Crimes Unit, financial market, Ford, fraud, General Motors, GI Bill, GOP, Great Depression, health care, health insurance, homeowners, housing bubble, illegal immigration, immigration reform, income and wealth gap, income inequality, infrastructure, Iran, Iraq, job training, jobs, loans, long-term energy security, manufacturer, Middle East, middle-class, military, millionaire, mortgage, Muammar Qaddafi, natural gas, natural gas drilling, oil, oil imports, oil tax subsidies, Osama bin Laden, outsourcing jobs overseas, payday lender, pollution, poverty, President Barack Obama, presidential election 2012, public infrastructures, public school education, real estate, recession, regulations, religion, Republican, Republican Party, Republicans, research, safe drinking water, small businesses, solar, SOTU, State of the Union 2012, student loans, subprime mortgage, Syria, Taliban, tax deductions, tax loopholes, teacher, top income earners, toxic chemicals, Trade Enforcement Unit, tuition, U.S. tax reform, US Navy, US Troops, veterans, Wall Street, war, War in Afghanistan, water, wind, wind farms, wind turbines, World War II
Posted by editor on January 6, 2012 · 1 Comment
Press conference Q&A with Gov. Jerry Brown on the 2012-2013 California state budget: Read More
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Filed under Criminal Justice, Current Events, Economy, Election 2012, Government, Health care, Local, Politics, Social Services, State, Tax Dollars at Work, Tax Policies, Transcripts, U.S. · Tagged with aging population, Ana Matosantos, balanced budget, ballot initiative, ballot measure, budget, California, California Department of Corrections and Rehabilitation, California Department of Finance, California governor, California redevelopment funding, California Republican Assembly Caucus, California State Association of Counties, California State University, CalWorks, child care, community redevelopment agencies, Darrell Steinberg, debt, deficit, deficit reduction, Democratic Party, Democrats, demographics, drastic budget cuts, economic crisis, economy, Education, election 2012, Euro, Europe, Gov. Jerry Brown, higher education, Jerry Brown, Legislative Analyst's Office, local government, Medi-Cal, Meg Whitman, Pelican Bay State Prison, presidential election 2012, prison, prison population, prisoners, Proposition 98, public safety, public school education, recession, redevelopment agency, reduce deficit, Republican, Republican Party, Republicans, revenue, Ronald Reagan, sales tax, seniors, spending cuts, State, state budget, state prison, structural deficit, tax, tax extensions, tax increase, tax increases, tax revenue, temporary tax extensions, tuition, unemployment insurance, universities, University of California, water