Once upon a time, there was a popular mommy blogger named Jennifer McKinney. She called herself MckMama, and had a blog called My Charming Kids. She was not noteworthy in any way – – until her fourth pregnancy took a turn for the worse. Her unborn son Stellan was determined to have a heart condition, and with pleas for prayer, Jennifer’s popularity skyrocketed.
The My Charming Kids blog (with McKinney’s “MSC” or “Many Small Children” as the focus) became so popular that at its height, Jennifer was grossing at least $150,000 to $175,000 per year from advertising and money-making gimmicks.
Not content to post pictures of her kids and stories about everyday life, Jennifer McKinney was determined to live the high life, and pimp out herself, her family, and her blog to maximize her earnings. She appeared to have it all: great kids, a happy marriage, a beautiful house, a luxury vehicle, media opportunities, trips, and much more.Continue reading
CFC was formed in 1969 to help rural electricity cooperatives get access to private funding. In 1987, the Rural Telephone Finance Cooperative (RTFC) was created as an affiliate of CFC to help rural communities finance their telephone infrastructure. Much of the money loaned out comes from the federal government, with a reported $5.1 billion coming from the U.S. Department of Agriculture and the Federal Agricultural Mortgage Corporation between July 2005 and February 2010.
Allegations of Financial Improprieties
It is alleged that between 2000 and 2005, CFC
“…inflated its own balance sheet with millions of dollars in nonexistent operating income. At the same time, it deflated RTFC’s worth, essentially siphoning money away from a member co-op that it created.” Continue reading
I have long believed that the nonsense the Transportation Security Administration (TSA) makes us go through at the airport does not actually makes us safer. It makes people feel safer, but it doesn’t actually make us safer.
And here is the proof. The stupid full body scanners that let TSA agents see us nude are easy to get past with all sorts of metal. One simple experiment shows how any properly motivated idiot can take all sorts of metal objects (weapons!) through airports and onto planes.Continue reading
When a former Milwaukee Area Technical College employee used her MATC credit card to pay for a car, a wedding trip, computers, home furnishings and other personal items totaling $259,000, the purchases went undetected until the college’s first internal audit in a decade.
The audit was requested by James Williams, vice president of finance, who was surprised when he arrived at MATC in July 2010 to find the college had not had an internal audit since 2001. He quickly sought a routine audit because a college with a $260 million budget should have one, Williams told the Journal Sentinel on Tuesday.Continue reading
The current #Occupier of the White House loves to tell us about the “failed policies of the past…” But let’s have a look at what the real failed policies of the past are:
The War on Poverty. According to the Census Bureau, in 1966 the poverty rate was 11.8%. It has remained in a range between 8.7% and 12.3% for the last 46 years. Fail. Giving money to people with no strings attached does not eliminate poverty. Helping those who cannot help themselves is a moral obligation, but the able-bodied need to work and pay their bills and taxes like the rest of us. Continue reading
The Federal Reserve owns $849 billion in mortgage-backed securities. Total reserves are $2,872 billion, so mortgage-backed securities comprise 30% of reserves. (No wonder the dollar can’t bounce, even with Europe falling apart.)
To give a sense of the scale of this unprecedented investment in questionable private securities, currency in circulation is $1,052 billion so the Fed owns almost as many mortgage-backed securities as there are dollars in existence. Continue reading
We hear over and over that there are “big budget cuts” and that government budgets have been “cut to the bone” and that there is “nothing left to cut.” What is the truth behind government budgets? The cuts are a myth. And the idea that austerity hasn’t worked is pure fiction, because we haven’t had any austerity in the United States. Governments have continued to spend like drunken sailors, and cries of “nothing left to cut” are merely fraud on taxpayers.
The Milwaukee Public School system gives us an excellent example of this. For years we’ve heard about budget cuts and how individual schools are suffering. We hear about how teachers don’t have basic classroom supplies, and how “budget cuts” are leading to classrooms with 40 children.Continue reading
I am a firm believer that government employees are too highly compensated. While the perception is that these people are public servants, doing work out of the goodness of their hearts for little pay…. the reality is that they are mediocre employees who took their jobs because they are secure jobs which require little performance for far too much pay. (Yes, I realize there are some government employees who are exceptional. But I believe that the vast majority are average at best.)
As the United States goes back to normal, following our remembrance of September 11, 2001, one of the most offensive bits of “normal” continues at airports. We, the citizens of the United States, allow the Transportation Security Administration to shame, humiliate, and violate us every single day. (See a photo of the kind of thing I’m talking about here.)