Bailouts and Robberies
This bailout is potentially the greatest robbery ever attempted. It will funnel hundreds of billions of American taxpayer wealth to private corporations. The way it does that is this. The value of the assets is unknowable, because that depends on how much housing prices fall. The price of the assets is what somebody is willing to pay for them. That somebody is going to be | Read More »
Not a politician. Just a mother and fellow American.
Fellow Americans, I am a single mother and I am trying to finish college on top of that. I suppose you could say thus far I have been a life long Democrat. The past few years I have considered myself to be more of an Independent. Although I am definitely in what would be considered the lower income bracket (to be perfect honest more likely | Read More »
Corporate Taxes: Democrats Have the Right Question but the Wrong Answer
Senators Byron Dorgan (D-North Dakota) and Carl Levin (D-Michigan) deserve some credit for being smart enough to go to the GAO and ask a sensible question when they commissioned a recent study on why more than two thirds of foreign corporations and about half of the domestic companies doing business in the US get away with not paying corporate taxes in any given year. The | Read More »
How to stop the bag tax
From what I understand, Governor Schwarzenegger’s 2008-2009 Budget for California includes a 10-percent across-the-board spending reduction, because he wants there to be a linkage between tax revenues and spending. He wants to sell bonds to avoid a shortfall in California’s cash reserves but does not seem to want to use any of that income to pay back old bonds. Instead, he wants to reduce spending.(http://www.ebudget.ca.gov/BudgetSummary/GOV/1249556.html) | Read More »
A Mickey Mouse Congress or Just Their Vacation Destination?
Cross-posted on Right Michigan at www.RightMichigan.com. Stop the presses! Literally! Something’s wrong in the editorial board room at the Ivory Tower. The crack team of Granholm-endorsing liberals may have been body snatched and replaced with pod people. Even more shocking, the pod people appear to have a slightly higher dose of common sense than the regulars in those soupy, vegetable brains of theirs. The | Read More »
Learning to Love Federal Budget Deficits
I’m often asked to speak in favor of lower Federal deficits. I’m not sure how clear I’ve been about this here, but I’ve long been very skeptical of the standard argument, found on both sides of the aisle, that fiscal discipline is a Good Thing.™ I realize that it takes some nerve to fly in the face of all the fine people on our side | Read More »