Oil oligarchs Charles and David Koch are now worth $50 billion - more than five times what it was ten years ago – making their combined wealth second only to Bill Gates. And it looks like they made a large chunk of their money screwing the rest of us over at the gas pump. According to the Center for American Progress - for the last several years – the Kochs have engaged in rampant oil speculation – meaning they plac
Another hostage scenario is brewing – this time Republicans are holding victims of natural disasters for ransom. Congress needs to approve a funding measure by the end of the month – or the government will shut down – furloughing 800,000 federal workers. But the Senate and the House aren’t seeing eye-to-eye on a funding bill – and it all comes down to disaster relief aid. Senate Majority Leader Harry Reid passed a f
You need to know this. It’s the end of the line for Troy Davis. Davis was denied clemency by a Georgia paroles board today in a last ditch effort to save himself from lethal injection scheduled for tomorrow. Davis was convicted of murdering a police officer in 1989 – but today – nearly all of the witnesses who implicated him have recanted their testimony and are now claiming someone else committed the murder.
President Obama unveiled his $3 trillion debt-reduction plan today – and millionaires aren’t going to get off so easy this time. In what is called the “Buffett Rule” – the President proposed partially closing the capital gains tax loophole.
Republicans in the House of Representatives introduced their own “American Jobs Act” – even though a more apt name for their bill would be the “Corporate Freeloaders Act.” Congressman Louie Gohmert – famous for his fear mongering over “terror babies” and bestiality – introduced the Republican version of President Obama’s jobs plan – and it includes only one provision. No infrastructure spending – no payroll tax cuts – no
The Congressional Budget Office issued a warning to the Gang of 12 Super Committee yesterday – arguing that the nation is on the verge of another recession – and the Gang of 12’s actions could make it worse. “If policymakers wanted to achieve both a short-term economic boost and medium- and long-term fiscal sustainability,” CBO chief Doug Elmendorf told the committee, then they would have to put in place, “changes in taxes and
Another Republican debate last night – and this time the crowd stole the show. CNN hosted the Tea Party debate down in Tampa, Florida – which took place in front of a raucous crowd of Tea Partiers unafraid to cheer on radical claims made by the candidates. The debate itself featured some heated exchanges between front-runners Rick Perry and Mitt Romney – over Perry’s description of Social Security as a Ponzi scheme – a cl
Our nation’s infrastructure is crumbling. The Sherman Minton Bridge that spans the Ohio River in Louisville, Kentucky was shut down last Friday due to safety concerns after cracks were discovered in the bridge’s load-bearing parts. The Sherman Minton Bridge is just one of several bridges in danger of collapsing –- As the American Society of Civil Engineers points out, 34% of all the bridges in Kentucky are considered “str
President Obama challenges Congress. Last night – the President pitched his much anticipated jobs plan to a joint-session of Congress – calling on Members to immediately pass what he’s calling “The American Jobs Act” – a $447 billion proposal – filled mostly with $250 billion worth of tax cuts – with the rest of the money going toward infrastructure spending – aid to states – and an extension of unemployment benefits. The