$12.8 Trillion: The True Cost Of The Bank Bailout

By KPBS

We all know about TARP, the Troubled Asset Relief Program, which spent $700 billion in taxpayers' money to bail out banks after the financial crisis. - But it turns out that that $700 billion is just a small part of a much larger pool of money that has gone into propping up our nation's financial system.

http://www.informationclearinghouse.info/article26299.htm



The Real Economy is Jobs and Paychecks

By Robert Reich

Many big American companies have been showing profits because they're doing ever more business in China while cutting payrolls at home. American consumers aren't buying much of anything because they've lost their jobs or are worried about losing them, and are still trying to get out from under a huge debt load (the latest figures show more consumer debt delinquent now than last year and a surge in personal bankruptcies).

http://www.informationclearinghouse.info/article26304.htm



Richest Lawmakers Grew Wealthier as Economy Faltered

By Rachel Rose Hartman

The rest of the country is still struggling with high unemployment amid a sluggish-at-best economic recovery -- but the wealthiest members of Congress are in high cotton. Indeed, the top 50 wealthiest lawmakers saw their combined net worths increase last year.

http://www.informationclearinghouse.info/article26300.htm



Drowning in Debt: US Students Helpless to Pay Off Education

By Russia Today

A ticking time bomb of American debt. Over $830 billion are owed by college students in the US with $3 thousand more added on every second. The most traditional financial baggage for Americans was credit card debt. For the first time, debt belonging to college students has over taken that number one spot.

http://www.informationclearinghouse.info/article26303.htm



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