The New York Times, in a front-page article, reported that General Electric paid no federal income taxes in 2010. Should Americans be angry that one of the world’s largest corporations paid no federal income tax while middle income and upper income Americans pay federal, state and in some cases city income taxes?
Archive for March, 2011
Impeach Obama…and most of Congress, too
21
Mar
The United States and other nations have launched a so-called humanitarian military campaign sanctioned by the United Nations against Libyan dictator Muammar Khadafy because he continues a relentless assault against a rebel uprising. The principle that a world organization can approve an attack on a sovereign nation—admittedly a country run by a dictator—is the height of arrogance and in the final analysis self defeating.
Give me, give me, give me
05
Mar
In two separate rallies in Trenton, teachers and then police officers, fire fighters and EMS personnel showed their support for Wisconsin teachers and for public sector unions in general. The rallies have a common theme: public sector employees apparently do not appreciate the severity of the fiscal reality facing states and municipalities around the country, and want to preserve their “rights.” Most state governments are broke and their pension plans and retiree health benefits may be underfunded by as much as $3.5 trillion.