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Saturday, March 24, 2018

Bachmann Hypocrisy Rampant On Home Loans

Just weeks before she called for “breaking up” Fannie Mae and Freddie Mac “so that the encumbered taxpayer no longer backs them,” Minnesota Rep. Michele Bachmann received a $417,000 loan to purchase a 5200 square-foot golf-course home that experts say was definitely backed by one of the two lenders: Seeing problems with the programs — […]

July 27, 2011

Debt Ceiling Questions, Answered

A helpful primer for those who haven’t been following too closely: Q. This sounds like an odd system. Do you mean that Congress can pass a budget that requires borrowing, and then argue later about whether to approve that borrowing? A. That’s right. The system goes back to World War I, when Congress first put […]

July 27, 2011