Politicians in Washington hardly let a few minutes go by without mentioning how broke the government is. So, it's a little surprising that they've created a stash of more than $1 billion that almost no one wants.
Unused dollar coins have been quietly piling up in Federal Reserve vaults in breathtaking numbers, thanks to a government program that has required their production since 2007.
And even though the neglected mountain of money recently grew past the $1 billion mark, the U.S. Mint will keep making more and more of the coins under a congressional mandate.
"When the US invaded Iraq in March 2003, the Bush administration estimated that it would cost $50-60bn to overthrow Saddam Hussein and establish a functioning government. This estimate was catastrophically wrong: the war in Iraq has cost $823.2bn between 2003 and 2011. Some estimates suggesting that it may eventually cost as much as $3.7tn when factoring in the long-term costs of caring for the wounded and the families of those killed."
Three former NSA officials, who were previously targeted by the federal government for leaking details about the NSA’s domestic spying program, have resurfaced to provide evidence in a lawsuit against the agency.
“The costs of that war have long since reached intolerable levels: more than 28,000 of our fellow citizens dead since late 2006; expenditures well above $10 billion; terrible damage to Mexico's image abroad; human rights violations by government security forces; and ever more crime. In a recent poll by the Mexico City daily Reforma, 67 percent of Mexicans said these costs are unacceptable, while 59 percent said the drug cartels are winning the war.”
The fiscal 2011 funding bill roundly hailed for its "historic" spending cuts actually raised government spending by more than $3 billion, according to a new report.The nonpartisan Congressional Budget Office concluded Monday evening, "Total discretionary outlays in 2011 will be $3.2 billion higher as a result of the legislation, CBO estimates—an increase of $7.5 billion for defense programs, partially offset by a net reduction of $4.4 billion in other spending."
The Canadian Government is set to enact the Investigating and Preventing Criminal Electronic Communications Act which will mark the return of "lawful access" within a single legislative package. This will require the disclosure of customer information by ISPs without court oversight, force ISPs to institute real-time surveillance of their customer and allow for law enforcement to obtain that information with or without a warrant. The bill set to pass is bill C-30.