One of the Vietnam War’s legacies was a generation of homeless veterans – traumatized by war and uncared for by the system that happily used them for its own ends before leaving them to the streets. Now, despite constant crowing about reforms at the Veterans Administration and treatment for mental illness in the military, it [...]

During the Super Committee negotiations last year, Republicans proposed, and the White House endorsed, the sale of a sprawling Veterans Administration campus in West Los Angeles that Democrats have long wanted to use to house homeless veterans, according to Congressman Henry Waxman. The longtime Democratic Congressman told a crowd at a town hall meeting in [...]

You may know by now that American Banker has uncovered the 27-page term sheet that could form part of a global settlement between state and federal regulators and mortgage servicers. The term sheet describes a host of actions to which the servicers would have to conform, most of which reflect current law with a couple [...]

This post has been published at 11:00 on the 11th day on the 11th month. Happy Armistice Day. And so to tie it in with the theme, let’s look at one part of the deficit commission co-chair’s mark, their cuts to the military budget, about $100 billion in annual savings. The Bowles-Simpson report walls off [...]

OK, here’s the draft document for the cat food commission co-chair’s mark. In addition, there’s a page with specific “illustrative cuts”, $100 billion in domestic spending and $100 billion in military spending. Between the two, you can get a sense of what Bowles and Simpson have planned. Keep in mind that this is more of [...]