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An excellent read.
The Same Old Equality of Result
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Current US deficit is 11 Trillion, IRS reports 90 million taxpayers
IRS – Individual Income Tax Rates and Shares, 2005
Each taxpayers share is > $122,000 – get out your checkbook….
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The Wall Street Journal reported on Friday that about $50 billion of more than $173 billion that the U.S. government has poured into American International Group Inc since last fall has been paid to at least two dozen U.S. and foreign financial institutions.
The newspaper reported that some of the banks paid by AIG since the insurer started getting taxpayer funds were: Goldman Sachs Group Inc, Deutsche Bank AG, Merrill Lynch, Societe Generale, Calyon, Barclays Plc, Rabobank, Danske, HSBC, Royal Bank of Scotland, Banco Santander, Morgan Stanley, Wachovia, Bank of America, and Lloyds Banking Group.
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Zombie in the political realm
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Accept the fact that no media outlet is with out some bias – they all color the news to some degree.
Just understand the coloring is there and adjust your perception of the truth.
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I watched an old movie tonight called “Tora, Tora, Tora” about the attack on Pearl Harbor, which reminded me of the feeling I had watching 9/11. Sixty years apart but the two sneak attacks on America probably were very similar in the reaction among Americans.
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Lots of fun being at the finish of the race – glad to have something cool in the neighborhood.
Watching the race on the web before I went down for the finish I was impressed by the tracking web site. Live video feeds, course map with positions of the peloton and main riders, and course hill profile all in real time. That’s the kind of web application I’d love to work on.
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Well, I’m swearing off the news for a while – I’m going to have the food network going when the TV is on.
Today’s highlights were Senator Schumer of NY saying American’s don’t care about our government wasting money on pork and/or earmarks, the Banks charging us millions in fees to accept the billions in bailouts, and a few sellout senators enabling the spendulus bill, which has no earmarks according to Obama.
I think I need about 4 years without news at this rate.
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You cannot strengthen the weak by weakening the strong.
You cannot help small men by tearing down big men.
You cannot help the poor by destroying the rich.
You cannot lift the wage earner by pulling down the wage payer.
You cannot keep out of trouble by spending more than your income.
You cannot further the brotherhood of man by inciting class hatreds.
You cannot establish security on borrowed money.
You cannot build character and courage by taking away a man’s initiative and independence.
You cannot help men permanently by doing for them what they could and should do for themselves.
– William J. H. Boetcker, 1916 (often attributed to Lincoln)
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There are plenty of reasons to celebrate the election of Obama – and reasons to worry. The optimist will look toward change which is certainly in order, and we hope the change will be in a positive direction. The pessimist will worry of what the change may bring.
Both may be correct. Only time will tell.
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