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Schwarzenegger Seeks Obama’s Help for Deficit Relief

21 hours ago ago from All The News Thats Fit to Blog

Dec. 24 (Bloomberg) -- California Governor Arnold Schwarzenegger wants President Barack Obama to help ease large- scale cuts to the most populous U.S. state’s already diminished social programs amid a $21 billion anticipated deficit. Schwarzenegger, a Republican, plans to ask for relief totaling as much as $8 billion, according to a California official who asked not to be identified because details haven’t been resolved. Instead of seeking ...

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Spending by Democrats out of control at all levels of government

5 hours ago ago from Coralville Courier

FEDERAL TAX & SPENDING MENTALITY: Earlier this month the Nancy Pelosi and liberal Democrat led U.S. House voted to raise the country's $12.1 TRILLION debt ceiling by an addtional $290 BILLION. Adding to the financial burden elected officials have put on our children and grandchildren, the healthcare package will most certainly add to the deficit as well as increase our taxes. Further compounding the problem, needless cap and trade legislation ...

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Many States Running Out Of Unemployment Funds

21 hours ago ago from InvestorCentric

25 states have already run out of money for unemployment benefits and many more states are expected to follow in the next couple of years. With a growing number of Americans staying unemployed for more than 26 weeks, the costs to the government will continue to rise. See the following article from Expected Returns . The ongoing recession has resulted in elevated levels of unemployment, and a dramatic increase in the extension of ...

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What the rest of the United States is heading towards..

10 hours ago ago from Where Are My Keys?

Some time in the near future, the pundits and talking heads will ask how we missed the signs of the American Bankruptcy. Sometimes the answer is a plain as the nose on your face: California has been among the states most affected by the economic recession. It has the lowest credit rating and recorded the nation’s second-highest rate of home foreclosures, trailing only Nevada. Unemployment peaked at 12.5 percent in October amid the loss ...

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Taxpayers Save RM200m for Government in RPGT Exemption!

23 hours ago ago from Why LIE-dis n LIE-dat?

Another Flip Flop on Real Property Gains Tax? What is it with the way BolehLand’s Budget is planned that it gets changed now and then even when it got passed by a near miss three votes? The retraction of the Real Property Gains Tax (RPGT) for property sold less than five years brings cheer to many who already felt it was a terrible idea to deprive those who owned a first property after years of saving. Granted that there are those who ...

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Pa. gov to pursue shale tax, school-funding hike

14 hours ago ago from U.S. News

Pa. gov to pursue shale tax, school-funding hike HARRISBURG, Pa. (AP) -- Pennsylvania Gov. Ed Rendell said he will press for another increase in public school funding and a tax on natural gas production when he presents his last state budget in February. But the Democrat would not reveal how or whether he will use his final year in office to try to head off a fiscal "tsunami" that he warns is headed toward Pennsylvania after his term ends. ...

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Greece passes austerity budget amid debt crisis

16 hours ago ago from U.S. News

Greece passes austerity budget amid debt crisis ATHENS, Greece (AP) -- Greece's Socialist-led parliament approved a 2010 budget aimed at reducing the country's high deficit by boosting tax revenues while slashing spending and restricting salaries and new appointments in the public sector. Following a five-day debate in parliament, and amid pressure from markets and other European Union countries, all 160 Socialist lawmakers approved the ...

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HI company, president plead guilty to tax charges

23 hours ago ago from U.S. News

HI company, president plead guilty to tax charges HONOLULU (AP) -- Hawaii Development Consultants Inc. and company President Stanforde K. Sagum have pleaded guilty to failing to file annual general excise tax returns for three years. The state Tax Department made the announcement Wednesday. According to the department, Hawaii Development was ordered to pay restitution of $31,415, while Sagum was assessed a $6,000 fine. Tax officials say ...

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Recession Slows Population Rise Across Sun Belt

23 hours ago ago from The New York Times

MIAMI States in the South and the West that grew by exceptional leaps and bounds during the real estate boom of just a few years ago are now experiencing sharply slower growth in population, the Census Bureau said Wednesday. Multimedia Many of those states are still projected to gain seats in Congress after the 2010 census, however, while industrial states in the Northeast and the Midwest will most likely see their ...

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New NY teachers trying to get into better pension

7 hours ago ago from U.S. News

New NY teachers trying to get into better pension ALBANY, N.Y. (AP) -- Prospective full-time teachers are scrambling to get into the current state pension tier before a reform measure designed to save New York taxpayers billions of dollars takes effect New Year's Day. The change adopted earlier this month means new hires will receive less generous retirement benefits than teachers vested under the current pension plan - unless they followed ...

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