Where is the Stimulus Money going?

Resources  if you want to dig in deep.

Find out how the government is accounting for our tax dollars.

Cool graphic of all the money allocated last fall:

Tracking TARP money:

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My Big Question = HUH?

HUH?

Sources: Moody’s Economy.com; Congressional Budget Office; Office of Management and Budget
Notes: U.S. Deficit measured in billions of dollars; GDP measured in 2007 U.S. dollars

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Troubled Asset Relief Program (TARP)

What is TARP and how will it save our economy?

The Troubled Asset Relief Program (TARP) is a funding program established by the US government, which primarily functions to relieve the sub-prime mortgage crisis. It was revised in October of 2008, by then Treasury Secretary Henry Paulson. Through this program, the US Treasury is given the ability to purchase up to $700 billion in mortgages that were issued before March 14, 2008, and any other factors that the Finance Secretary and the Chairman of the Fed find necessary to ensure market stability. In essence, it is part of the billion dollar bailouts that our government has been issuing to banks, car companies, and other financial institutions. Continue reading

NASA: To Infinity and Beyond?

In an effort to write about something besides the structure of our government which seems to be 90% of all the news articles we read about, I decided to try and delve into an area I seem to have a strong opinion about, yet have absolutely no concrete knowledge of how it works. Hopefully someone more knowledgeable can steer me in the right direction.

What is NASA? And what do they do? NASA, which stands for National Aeronautics Space Administration,

Hubble Telescope

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Entrée Issues

Reading The Smartest Guys in the Room has forced me to acknowledge that our world is not as honest as I once thought. I remember about 2 years ago when I took a tour of the NY Stock Exchange a broker said to me personally, “times have changed… there is just not as much trust anymore.” I liked to believe that he was wrong—however, I figured even if he was right, and people were not trustworthy, the government would force them to maintain some level of truth. The government had full control and operated very effectively. I am increasingly disconcerted about what I hear in the news regarding both organizations and the government. Here are a couple of things frustrating me:

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Farm Subsidies: Another Government Spending Problem?

According to an article from the Washington Post, the U.S. government has spent over 1.3 billion dollars on farming subsidies paid out to people who live on farm land that is not even used for farming. These people range from retired individuals to rich landowners (one example is a surgeon who has received a grand total of $490,709 just because he owns the land). The Farm Program was started approximately 12 years ago as an attempt to end the old subsidies that Continue reading

Tod Murphy – On the road to success?

Tod Murphy has taken a huge leap into the pool of dining.  He has stepped backwards and attempted to bring back the basics by supplying 60-70% of locally grown food.  Supporting local farmers is, what I believe, a very worthy cause.  Although this article was written four years ago, when I look at our economy now I cringe.  Something needs to be done to stimulate the economy.

I received a rather funny e-mail from my parents the other day.  It discussed the economic stimulus packet that taxpayers are going to receive this year.  The e-mail was arranged in a Q&A format, and was clearly against this proposed government issuance of money.  What really caught my attention was the end of the e-mail, which I have conveniently copied here:

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