The GM bailout debacle cost taxpayers far more than $11 billion, as was reported by the Detroit Free Press.

Wayne Crews, author of the Competitive Enterprise Institute’s annual report on the federal regulatory burden, has a problem: No one can imagine a trillion dollars — much less $2 trillion.

Contrary to the claim that “the rich” aren’t paying their “fair share” of taxes, the IRS says that about half of Americans — that is, the poor — pay no income tax.

Rep. Steve Stockman (R-Texas) has proposed bill to ensure that virtual currencies are treated as currency for tax purposes, which would reverse the IRS ruling that Bitcoin will be taxed, retroactively, as property.

The recently released transcripts of 14 Fed meetings of 2008 show Fed officials were clueless and unaware of the imminent recession.