World-News

'You will shake the basic foundations of the entire global financial system,' Geithner told a Senate subcommittee today. 'I am totally confident that Congress will act to avoid that.' It would be 'inconceivable' that lawmakers will not act in time, he said.

http://bloom.bg/eLkhCn



GOP plans $1 trillion Medicaid cut

House Republicans are planning to cut roughly $1 trillion over 10 years from Medicaid, the government health insurance program for the poor and disabled.

http://www.politico.com/news/stories/0311/52314.html



Mortgage mess: Who really owns your mortgage?

Do you know who really owns your mortgage? That question has become a nightmare for many homeowners since the invention of mortgage-backed securities. Yes, those were the exotic investments that sparked the financial collapse in this country. And they are still causing problems.

http://www.cbsnews.com/8301-504803_162-20049744-10391709.html


From Information Clearing House

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'Dual System': Minorities Lose Financial Ground, Critics Say
http://www.commondreams.org/headline/2011/04/05-6

Beyond Shutdown: GOP Budget is Blueprint for Destruction
http://www.commondreams.org/view/2011/04/05-10

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Republicans' Budget Declares War on Medicare

Lindsay Beyerstein, The Media Consortium: 'The Republicans are poised to unveil a model budget on Tuesday that would effectively end Medicare by privatizing it, Steve Benen reports in the Washington Monthly. House Budget Committee Chair Paul Ryan (R-WI) is touting the budget as a strategy to reduce the national debt. Ryans plan would turn Medicare from a single-payer system to a 'premium support' system. 'Premium support' is a euphemism for the government giving up to $15,000 per person, per year, to insurance companies to defray the cost of a health insurance policy. As Benen points out, privatizing Medicare does nothing to contain health care costs.'

http://www.truth-out.org/republicans-budget-declares-war-medicare/1301986800



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=financial+system
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=financial+collapse
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=budget
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=debt
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Geithner
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=GOP
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Republican
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=minorities
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=medicaid
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=medicare
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=healthcare
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=health+insurance
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=mortgage
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http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Christine+Dugas
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Robert+Reich+Blog
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Lindsay+Beyerstein
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