Obama’s budget cuts

The NY Times is reporting that President Obama is proposing about $17 billion in budget cuts for the next year.  As the NY Times puts it the proposed cuts represent about 1.4 percent of the $1.2 trillion deficit that is projected for the fiscal year 2010. I’ll put it more bluntly – these cuts are […]

Some states to shun stimulus funds

According to the Christian Science Monitor, At least six governors have said they may refuse money. CNN also has some a decent story on it. “We’re concerned that we’re just going to be doling out million dollar hugs,” says Jon Hanian, Governor Otter’s press secretary. “It really comes down to the proper role of government, […]

Secretary Geithner Introduces Financial Stability Plan

Geithner introduced the new FSP today.  He says it stands for “Financial Stability Plan”.  I think it’s more like “Fucking Stupid Politicians”, because that’s much more accurate. All of the quotes below are straight from the U.S. Treasury press release, available from their website here. After the obligatory suck up to the boss, and look […]