Tax Dollars Wasted

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  • Outrageous: Baghdad Boondoggle

    Reader's Digest — At the peak of the Iraq war, with billions of U.S. dollars pouring into their country, a group of Iraqi men saw a way to get rich quick. They put up $2,000 in cash, formed a company named Al-Aian Al-Jareya, and used their connections at Iraq's ...More…

  • Outrageous: Dialing for Dollars

    Reader's Digest — Last fall, a longtime friend of mine ran for Congress and won. He's a good person-smart, caring, and full of integrity. A few days after the election, I called to congratulate him. We spoke briefly about the big issues facing the 111th Congress, ...More…

  • Outrageous: Your Tax Dollars Bailing People Out

    Reader's Digest — If you crash your car repeatedly, you can count on your insurance premium shooting up. Crash often enough and your insurer will drop you. But there's a special kind of insurance that doesn't punish you for having the same accident over and over .. ...More…

  • Outrageous: We're Done with Greed

    Reader's Digest — By Michael Crowley From Reader's Digest Something has gone rotten in America. Investor Bernie Madoff made a fortune from a $65 billion Ponzi scheme that wiped out the life savings of a good chunk of his 4,800 investors. Given the power to fill a ...More…

  • Quick Study: Taxes, Taxes, Taxes

    Reader's Digest — Candidate Obama pledged to shift more of the tax burden to the richest Americans, in part by reversing President Bush's tax cuts. His plan targeted those earning more than $250,000; everyone else would get a tax cut. But the recession intervened, ...More…

  • Stay Connected with Reader's Digest

    Reader's Digest — Connect with the Reader's Digest community on Facebook. Share our most talked about stories, enter contests, read our blogs and download our latest widgets. Plus, find our most popular photos and videos or upload your own. Connect with the ...More…

  • The Complete List of Action Plan Websites

    Reader's Digest — Find out how to take proactive steps if you're managing a chronic disease at fightchronicdisease.org. Read You can subscribe to an e-mail newsletter about developments in health policy at mayoclinic.org. And find out more about patient safety ...More…

  • Universal Health Care: The Diagnosis

    Reader's Digest — The worst of it, Stephen Gore thought, had passed. There was the kidney cancer, and then there was the operation to remove it, and finally, after a year and a half, it looked like it might actually be over. Not over over, because you never know ...More…

  • What To Do During the Financial Sector Meltdown

    Reader's Digest — How to Protect Your Money What Investors Should Do Now Your Best Bet: Stash Your Cash Expert Advice from Suze Orman A Look at the Bailout Failure Lessons from the Bailout Failure Why the Bailout Affects You Pledging New Action on the ...More…

  • Quick Study: Dollar Doldrums

    Reader's Digest — Sure, your dollar buys less today than it did a year ago. Your shopping cart and your gas In the 12 months between June 2007 and June 2008, the dollar lost nearly 15 percent of its value. That's compared with the euro, the currency used by ...More…

  • The Financial Crisis of 2008

    Reader's Digest — In any event, the main effect the mortgage deduction has had in recent years is to prop up housing prices artificially, and to offer incentives for builders to build luxury second homes-and for wealthy people to buy them. A long and interesting ...More…

  • Outrageous: Hall of Shame

    Reader's Digest — What's more important, fighting terrorists or ensuring that the military elite flies in style? The answer is obvious to most Americans, but not to some fat-cat Air Force officials. In July, the Washington Post reported that the flyboys sought to ...More…


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