Apple Borrows Money To Avoid U.S. Taxes
Most of Apple’s $145 billion in cash is parked overseas, so issuing debt allows the company to avoid the tax hit that money would be subject to if brought back to the U.S.
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11 Things America’s Student Loan Debt Could Pay For
Americans now owe $1 trillion in student loan debt. Here’s what that money could buy.
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House Republicans To Meet The Millennials
Plans for a roundtable discussion this week. “The reality is, many of the decision-makers on Capitol Hill are in their 60s and 70s,” says Schock.
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Liberal Hecklers Meet Ohio Republican
Comity after a protest at a conference on the debt. “They just gave my speech,” says Portman.
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The Woes Of Rent Day
What a terrible way to start the month.
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Rove Group Launches $25 Million Spending Campaign
Crossroads GPS — the advocacy group founded by Karl Rove — announced the start of a major television spending campaign over the next month. The ads will air in Colorado, Florida, Iowa, Michigan, North Carolina, New Hampshire, Nevada, Ohio and Virginia and address the nation’s debt and the slow economic recovery.
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Republicans New Video Hits Obama For 2004 Deficit Criticism Of Bush
A new web video out by the Republican National Committee shows Obama in Senate debate criticizing President Bush as “most fiscally irresponsible administration” in recent memory. Obama calls the debt “an enormous problem.”
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Marco Rubio Is Underwater
“Never get involved in politics if you have to win an election to pay a mortgage,” dad told Mitt. Rubio has two mortgages, a home equity loan, and a student loan.
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Obama Receives Some Bad News
Good thing he was sitting down. (via freakonomics.com) View Image ›
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The 5 Best Moments Of Warren Buffett’s Epic New York Times Op-ed
One of our richest people (he seems to bounce between the numbers one and two slots) has come out in favor of tax increases on the wealthy. Now can we start doing that? I mean he said it was okay.
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The Crazy Fierce Honey Badgers Of Washington D.C.
Randall, he of Honey Badger fame, explains in how completely bat crap insane our elected officials in Washington D.C. have become. (via bankruptingamerica.org) Watch Video ›
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Superdoofs Of The Super Congress
The Daily Show looks the new debt crisis congressional “supercommittee” and the “amazing powers” they posses. At least find out how Sen. John “The Trickler” Kyl got his superhero name. (via thedailyshow.com) View Media ›
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Default Averted, Everyone Still Pissed
President Obama signed the bill to raise the debt ceiling today, avoiding a potentially catastrophic blow to the United States economy. In the process, however, he had to sign off on a $2 trillion deficit reduction plan his own party thinks is too drastic and Republicans think isn’t drastic enough. Politics is the great art of disappointment. View List ›
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Gabrielle Giffords Votes To Pass The Debt Bill In Surprise Return
No matter how you feel about the debt bill drama, at least everyone can agree that this moment was awesome. Making a surprise return to the House of Representatives, her first since being gravely wounded in the Tuscon shooting spree, Rep. Gabrielle Giffords drew thunderous applause from members of both parties and voted for the debt bill. By all accounts, she looked great and there wasn’t a dry eye in the House. The bill passed 269-161. View List ›
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Hobbit Names Of The Tea Party
John McCain recently compared the Tea Party to a bunch of Hobbits. What if they were actually Hobbits? Using an ancient Hobbit name generator, here are the furry-footed names of some Tea Party notables. View List ›
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Republicans Use Clip From ‘The Town’ To Rally Support For Debt Bill, Ben Affleck Responds
Trying to inspire the GOP to vote for John Boehner’s debt ceiling bill, the House Majority Whip showed a clip from Ben Affleck’s “The Town.” Ben Affleck was very confused by this. Here is the clip, along with Ben Affleck’s response to the use of his film to drum up Tea Party support. Is it really a good idea to use a quote with the line “We’re going to hurt some people” in relation to public policy? (via huffingtonpost.com) View List ›
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The 14th Amendment
As the clock ticks towards default and Congress appears hopelessly dysfunctional, more and more members of his party are urging President Obama to act on his own and consider using the 14th Amendment to unilaterally raise the debt ceiling. Bill Clinton is the highest profile Democrat to suggest Obama can use this obscure Constitutional clause to prevent an economic calamity. While Republicans have threatened to sue and even impeach Obama if he invokes the 14th Amendment, most legal experts say it would be very difficult to challenge his executive power in court. View List ›
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President Obama Addresses The Nation On Debt Default
As negotiations broke down with House Republicans, President Obama addressed the nation and warned of the consequences of a failure to raise the debt ceiling. Just as he promised Eric Cantor, Obama is taking his case to the American people. Watch Video ›
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President Obama Vs. Eric Cantor
Here’s the widely reported rhetorical smackdown that President Obama delivered to House Majority Leader Eric Cantor during yesterday’s debt ceiling negotiations, conveniently presented in words and pictures. All of Obama’s remarks are quotes provided by multiple sources who attended the meeting, including Cantor himself. All of Cantor’s remarks are admittedly simplified paraphrases based on the same sources. View List ›
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TIME Magazine Editor Calls Obama A “Dick”
Gotta love that liberal bias over at MSNBC. (via theblaze.com) Watch Video ›
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45 More Photos Of The Riots In Greece
Despite massive and often violent protests against them, severe austerity measures have been passed by the Greek parliament. This paves the way for emergency bailout loans from the European Union and the International Monetary Fund that are intended to prevent a total collapse of Greece’s economy and stabilize global markets. Here are some more photos from the ongoing riots that have erupted in the streets of Athens as a response to the painful budget cuts. View List ›
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5 Disturbing New Ways Debt Collectors Are Getting Your Money on cracked.com ›
These people are inventively evil.
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The Most Debt-Ridden Cities on mainstreet.com ›
Cities are just like us…bad with money.
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Wanking Bankers
An epic Irishman has a few thoughts about the financial crisis and Michael Flatley. The language is quite salty, so NSFW ahoy. Watch Video ›
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The New Poor: Peddling Relief, Firms Put Debtors in Deeper Hole on nytimes.com ›
The recession has delivered an abundance of debt-saturated customers to settlement companies that take high fees regardless of whether debt is cut.
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Don’t Sweat The Debt
Ever since his return to acting in Mr. Nanny 2 fell through, Hulk’s had to resort to some pretty desperate measures. Watch Video ›
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White House, CBO debt forecasts challenge Obama on us.rd.yahoo.com ›
The U.S. national debt will nearly double over the next 10 years, government forecasts showed on Tuesday, challenging President Barack Obama’s economic and healthcare overhaul agenda.
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White House, Congress projects record deficits on us.rd.yahoo.com ›
The federal government faces exploding deficits and mounting debt over the next decade, White House and congressional budget officials projected Tuesday in rival economic outlooks.
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Bush Owns 90% of the Deficit, But the GOP Wants to Blame 100% On Obama on griperblade.blogspot.com ›
Despite a bulk of the debt added to the national deficit occurring during the Bush administration, the GOP wants to put the blame squarely on President Obama.
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Reducing Debt
Stuck with too much debt in this morbid economic climate? Here are some tips on reducing debt. Reducing debt can be a tricky balance, so be sure to get some help. Read More ›
