Print Chriss W. Street Read Full Bio IRS Warned Employees Not to Target 501(c)4 Donors in 2011 The Internal Revenue Service (IRS) admitted on May 10 that “low level” staff in its Cincinnati office, supposedly “not motivated by political bias,” targeted 75 conservative tax-exempt organizations, including many Tea Party organizations applying for exemption under Section 501(c)4 of the tax code. The groups were singled out for audit and investigation because they used the names “Tea Party” and “Patriot.” Yet in July 2011, the IRS had warned employees to drop audits of donors to similar 501(c)4 organizations. 13 May 2013 China-Russia Coalition Creates Alternative to IMF, World Bank After 70 years of the dollar’s supremacy, the BRICS at their summit in Durban, South Africa, have reached an agreement to establish a joint financial institution that would serve the same functions as the American-dominated International Monetary Fund and World Bank. With America hurting and Europe terminally burdened by debt and loss of economic competitiveness, the BRICS appear to be seizing the opportunity to attack the dollar’s preeminence. 30 Mar 2013 SEC Finding on Illinois Pension Cover-Up: a Warning to Other States The United States Securities & Exchange Commission determined that the State of Illinois violated Federal Securities Laws by misstating the true financial health of the State's depleted pension funds when it raised over $2.2 billion with multiple bond offerings from 2005 through early 2009. 12 Mar 2013 Opinion: Obama Will Couple Keystone Approval with Carbon Tax President Obama has violated Rule 7 of Saul Alinsky’s 13 “Rules for Radicals”: “A tactic that drags on too long becomes a drag. Don’t become old news.” As Obama failed to leverage his reelection position of strength into Fiscal Cliff and Sequester victories, the American public has become exhausted with his endless political drama. Obama’s falling poll numbers suggest the President is becoming a “lame-duck” after just the first two months of his term. 9 Mar 2013 Obama Considers Natural Gas Proponent for Secretary of Energy President Obama is considering naming Ernest J. Moniz as the next Secretary of Energy in apparent recognition that oil and gas development is the best potential revenue source available for the Administration to avoid the type of austerity spending cuts sweeping Europe. 9 Feb 2013 Ben Bernanke Is Out of Tools to Stem Slowdown I am sure that the Administration appreciated Ben Bernanke’s abandonment of economic stability, so that the Fed could fund enough deficit spending to delay the onset of a recession until after the elections. But if the U.S. economy suffers stagflation from rising inflation and falling economic activity due to the Fed’s shenanigans, Ben Bernanke will own the wrath of the American public. 17 Dec 2012 Despite Tax Increase, California State Revenues in Freefall California State Controller John Chiang has announced that total state revenue for the month of November 2012 fell $806.8 million, or 10.8%, below budget. Despite reassurances from academics and progressive media, the passage of the tax hike known as Proposition 30 may have spurred the state's millionaires to flee, causing this shortfall. 8 Dec 2012 9/11 Anniversary Attacks Lead to Global Militarization, Diminished American Influence On “9/11,” the United States’ self-appointed role to provide relative peace in the Western World as the only military super-power was challenged for the first time since the collapse of the Soviet Union in the mid-1980s. Eleven years later, on “9/11 Squared,” that role was terminated. 5 Oct 2012 California Sales Tax Revenue Drops 33.5% The report highlighted that California Governor Jerry Brown is steam-rolling environmentalists and regulators to generate more state tax revenue by expediting approval of pro-business infrastructure. But our detractors were stunned to learn from State Controller John Chaing that California’s July sales tax revenue was down 33.5% from the Budget approved in late June. 18 Aug 2012 Moody's Warns of Mass California Municipal Bankruptcies The klaxon horn went off for California municipal bondholders when Moody’s credit rating service issued a report stating that the plummeting financial condition of many California counties, cities, school districts and other government agencies will soon result in large numbers of municipal bankruptcy filings. 18 Aug 2012 Previous 1 2 3 4 5 6 Next
IRS Warned Employees Not to Target 501(c)4 Donors in 2011 The Internal Revenue Service (IRS) admitted on May 10 that “low level” staff in its Cincinnati office, supposedly “not motivated by political bias,” targeted 75 conservative tax-exempt organizations, including many Tea Party organizations applying for exemption under Section 501(c)4 of the tax code. The groups were singled out for audit and investigation because they used the names “Tea Party” and “Patriot.” Yet in July 2011, the IRS had warned employees to drop audits of donors to similar 501(c)4 organizations. 13 May 2013
China-Russia Coalition Creates Alternative to IMF, World Bank After 70 years of the dollar’s supremacy, the BRICS at their summit in Durban, South Africa, have reached an agreement to establish a joint financial institution that would serve the same functions as the American-dominated International Monetary Fund and World Bank. With America hurting and Europe terminally burdened by debt and loss of economic competitiveness, the BRICS appear to be seizing the opportunity to attack the dollar’s preeminence. 30 Mar 2013
SEC Finding on Illinois Pension Cover-Up: a Warning to Other States The United States Securities & Exchange Commission determined that the State of Illinois violated Federal Securities Laws by misstating the true financial health of the State's depleted pension funds when it raised over $2.2 billion with multiple bond offerings from 2005 through early 2009. 12 Mar 2013
Opinion: Obama Will Couple Keystone Approval with Carbon Tax President Obama has violated Rule 7 of Saul Alinsky’s 13 “Rules for Radicals”: “A tactic that drags on too long becomes a drag. Don’t become old news.” As Obama failed to leverage his reelection position of strength into Fiscal Cliff and Sequester victories, the American public has become exhausted with his endless political drama. Obama’s falling poll numbers suggest the President is becoming a “lame-duck” after just the first two months of his term. 9 Mar 2013
Obama Considers Natural Gas Proponent for Secretary of Energy President Obama is considering naming Ernest J. Moniz as the next Secretary of Energy in apparent recognition that oil and gas development is the best potential revenue source available for the Administration to avoid the type of austerity spending cuts sweeping Europe. 9 Feb 2013
Ben Bernanke Is Out of Tools to Stem Slowdown I am sure that the Administration appreciated Ben Bernanke’s abandonment of economic stability, so that the Fed could fund enough deficit spending to delay the onset of a recession until after the elections. But if the U.S. economy suffers stagflation from rising inflation and falling economic activity due to the Fed’s shenanigans, Ben Bernanke will own the wrath of the American public. 17 Dec 2012
Despite Tax Increase, California State Revenues in Freefall California State Controller John Chiang has announced that total state revenue for the month of November 2012 fell $806.8 million, or 10.8%, below budget. Despite reassurances from academics and progressive media, the passage of the tax hike known as Proposition 30 may have spurred the state's millionaires to flee, causing this shortfall. 8 Dec 2012
9/11 Anniversary Attacks Lead to Global Militarization, Diminished American Influence On “9/11,” the United States’ self-appointed role to provide relative peace in the Western World as the only military super-power was challenged for the first time since the collapse of the Soviet Union in the mid-1980s. Eleven years later, on “9/11 Squared,” that role was terminated. 5 Oct 2012
California Sales Tax Revenue Drops 33.5% The report highlighted that California Governor Jerry Brown is steam-rolling environmentalists and regulators to generate more state tax revenue by expediting approval of pro-business infrastructure. But our detractors were stunned to learn from State Controller John Chaing that California’s July sales tax revenue was down 33.5% from the Budget approved in late June. 18 Aug 2012
Moody's Warns of Mass California Municipal Bankruptcies The klaxon horn went off for California municipal bondholders when Moody’s credit rating service issued a report stating that the plummeting financial condition of many California counties, cities, school districts and other government agencies will soon result in large numbers of municipal bankruptcy filings. 18 Aug 2012
IRS watchdog takes turn in hot seat, challenged for keeping scandal from Congress23 May 2013, 7:47 AM PDT
Issa looks to call back IRS official who refused to testify, says she voided 5th Amendment right23 May 2013, 5:29 AM PDT
IRS watchdog takes turn in hot seat, challenged for keeping scandal from Congress23 May 2013, 7:47 AM PDT
Issa looks to call back IRS official who refused to testify, says she voided 5th Amendment right23 May 2013, 5:29 AM PDT
California man arrested for more than 100 calls to 911 claiming he's controlled by satellites23 May 2013, 8:12 AM PDT
Eugenie Bouchard beats Anna Tatishvili to reach Strasbourg International semifinals23 May 2013, 8:29 AM PDT