We’re told that this bailout will cost us $700 billion (and maybe as much as $1 trillion). Even setting aside the very significant moral hazard created by such a bailout, we simply can’t afford it.
Here’s a little breakdown you won’t hear from our politicians:
700 billion dollars is over $2,300 per person! (700 billion/population of 300 [...]
Taxes's archives
700 Billion
Did John McCain Lie to a Little Girl?
McCain tells the girl “no” I won’t raise taxes… which would be good if he hasn’t been going around saying that “everything” is on the table, including raising payroll taxes.
This clip from Olbermann goes through John McCain’s many flips and flops on the issue, including a bizarre statement from his campaign claiming that the Senator, [...]
The Problem With McCain
I often argue with a friend of mine who is a McCain supporter about McCain’s ability to bring conservatives who are upset with the catastrophe of the Bush presidency back into the fold.
This clip of McCain on Morning Joe highlights the problem I see for McCain:
Responding to the impassioned plea of an women in [...]
Declaration of Independence
On Friday, most Americans “celebrated” America’s Indepence by taking the day off wor, BBQ-ing and watching fireworks. What was missed is that so much of the Declaration of independence seems to have been voided in the over two hundred years since it was signed.
Most obvious is that the Declaration of Independence makes it clear that [...]
Global Warming Alarmism
I am a global warming alarmist.
I’m alarmed by the fact that every plan put forth to deal with the “problem” of global warming involves higher taxes, more government regulation, more centralized authority, and a general loss of liberty.
The latest government power grab is the so-called “Cap and Trade” system. In a recent editorial The Wall [...]
Tax Freedom Day
Congrats! Having worked 3 months and 23 days for the government you can now begin to work to support yourself and your family…
The Tax Foundation released this video:
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