Uncle Sam Wants YOU: To Help Pay Off His Debts

May 29, 2009

Worried about the growing debt? You can help. In a little-known cranny of the Treasury’s website, the government asks for the help of everyday Americans in repaying the total public debt, which it tallies at a startling $11.3 trillion (or 80 percent of GDP).

Need a job? Try AIG.

March 18, 2009

Need a job? AIG needs workers and the money is good.

American International Group CEO Edward Liddy was under the klieg lights Wednesday for paying $165 million dollars in retention bonuses to employees who are “winding down” the company’s notorious Financial Products division, known as AIG FP.

Thanks Uncle Sam!

October 30, 2008

It’s good to have a rich uncle. Until he runs out of money.

Thanks to a big jump in government spending, the U.S. economy didn’t shrink quite as dramatically as expected. While investors breathed a sigh of┬árelief over the relatively modest 0.3 percent decline in third-quarter GDP, a look behind the numbers shows the main pillar of the economy crumbling.