The price tag for the Wall Street bailout is about $13 trillion!
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Category Archives: Tax Policy
DUI Breath Machines Blow
Friday, May 15, 2009
The Minnesota Supreme Court just ordered that the source code to the state’s alcohol breath test machines be released for scrutiny by defense lawyers.
Last year, the New Jersey Supreme Court reinstated thousands of DUI convictions after two independent testing labs examined the software.Obama’s Budget: Criminally Insane
Tuesday, March 3, 2009
The President’s new budget for 2010 is obscene. Half of it will be borrowed money, and an unconscionable amount of money is about to be wasted on violence and on socializing private losses of shareholders and bondholders. It’s a disaster.
Good Money After Bad
Saturday, January 17, 2009
Everybody agrees that the banking system is in trouble. The incoming Obama team and some European governments want to take toxic assets off of private bank balance sheets. This will be incredibly expensive and there’s no reason to think it has much chance of success.
There’s no reason to save a corrupt, failed system. [...]A Bridge Loan to Nowhere
Friday, December 19, 2008
Today the President announced a $17.4 billion “loan” to the US automobile industry. Not only is this a cruelly cynical move, it’s both bad business and bad government.
Hundreds of thousands of workers are going to be put out of work. They deserve help from the government to move into more useful, viable industries. [...]No Bad Deed Goes Unrewarded
Saturday, December 13, 2008
It’s amazing that we’re debating whether or not to bail out the US car companies. They’re insolvent! They’ve got to reorganize, pursuant to the bankruptcy laws. Any other approach rewards unsuccessful managers. Both the Democrats and Republicans were prepared to bail out management teams that have failed in the free market. The only difference is [...]
Borrowing Our Way Out Of Debt
Wednesday, October 22, 2008
We’re printing an ungodly amount of borrowed money to bail out a bankrupt financial system, and so far that money is going to the people who caused the problems! It’s hard to see anything good coming of it.
I don’t see a significant difference between the two major candidates for President on economic issues. [...]Spy Satellites & Wall Street Bailout
Friday, October 3, 2008
This has been a dreadful week for Constitutional government in the United States. First, the government funds the National Applications Office. This is another step towards combining the US military with domestic law enforcement. Next, they enact the Wall Street bailout bill, one of the biggest crimes ever committed against the US Taxpayer.
Senate to Taxpayers: Bend Over!
Thursday, October 2, 2008
The US Senate just passed its version of the Wall Street Bailout Bill. Criminal fingerprints are all over this long, tedious document. In yet another example of bizarre political double-speak, the Senate version has been "sweetened." This means that corporate handouts, tax cuts and other expensive promises have been built into this bill. All of [...]