Feed on
Posts
Comments

“The taxpayer has to worry. There is no way politically that Congress would let the PBGC fail to send checks to Grandma and Grandpa. Just like they rescued the savings-and-loans years ago without the legal obligation to do it, just like they rescued a number of banks without the legal obligation to do it, they’ll do the same thing with the PBGC if necessary,” Elliott said.

Still, even if the weak

Read Full Post »

The capital was rocked today by a taxpayer march and rally that could be the biggest protest ever – potentially dwarfing the Million Man March and the Promise Keepers Rally.

Read Full Post »

A growing number of business owners and taxpayers are mobilizing nationwide against the House-approved cap-and-trade energy bill, which would reduce energy consumption but could raise energy prices and harm small businesses.

Read Full Post »

House Democrats narrowly won a key test vote Friday on sweeping legislation to combat global warming and usher in a new era of cleaner energy. Republicans said the bill included “the largest tax increase in American history.”

Read Full Post »

“The bill is now up to $50 billion or more, which is what we said would be needed, but the government should be first in line,” Altman said today on Bloomberg Television. “The government will now have stock in the company, more than 72 percent. It is a big uncertainty if the company will do well. The potential biggest loser, unfortunately, is the U.S. taxpayer.”

The largest U.S. automaker plans to file for bankruptcy protection June 1, according to people familiar with the matter. The U.S. will fund GM’s reorganization with about $50 billion, including the automaker’s existing $19.4 billion in federal loans, the company said in a statement.

GM, contemplating a sale of assets to a new company through bankruptcy, would give 72.5 percent of GM’s equity to the U.S. Treasury, 17.5 percent to a union health trust, and a 10 percent stake to the old GM to pay bondholders and other creditors, the Detroit-based automaker said yesterday in a filing.

Read Full Post »

Many Americans today believe certain illegal vices in our society should be decriminalized, taxed, and regulated. The most popular of these vices include marijuana smoking, prostitution, and all forms of gambling. The proponents for decriminalization believe that the new tax revenues produced would help support schools, healthcare, and the impoverished, ease the pain of taxpayers, and reduce the deficit. They also believe that transgressions such as these will take place no matter, but, if properly regulated, would be safer for society in general. It would be a win, win situation.

Unfortunately, when it comes to lowering taxes and helping the downtrodden, the best-laid government plans seem to fall short of expectations. However, there is one vice, one small illegal indiscretion, that, if decriminalized would solve all our problems. The United States needs to legalize the victimless crime known as counterfeiting.

Read Full Post »

This RECALL is NOT a partisan issue. It is simply an UP or DOWN issue and I think it is time to stand up, pull up our britches and push the lever because either the ENTIRE State of Wisconsin, with a nearly $7 BILLION Dollar DEFICIT, is going down the crapper or Doyle is.

The vast majority of our State of WI representatives are doing NOTHING but filling up the budget and taxation DOYLE-LETT with all sorts of crap. AND, BOY, DOES IT STINK!

Read Full Post »

Bill Clinton asks; Why would we Wisconsin Citizens Recall Governor James Doyle? In the following video he asks the question:

Read Full Post »

Over 50 people packed the American Legion hall in Manitowoc to hear how they could initiate what would be only the third recall of a sitting US Governor in American history.

Now originally I was a little skeptical. Yes we don’t like him, but can we recall him because he’s raising every tax and fee in town? Orville from CRG makes a compelling argument: Elections are for hiring, and Recalls are for firing.

Read Full Post »

The honorable Wisconsin Assemblyman John Nygren-R has provided The Liberty Tree Lantern with the following information:

I signed a letter in support of freezing legislator pay at its current level this week. The move would require the Joint Committee on Employment Relations to convene and consider modifying the legislator pay schedule. Over this two year legislative session, legislators are scheduled to receive a 5.3 percent salary increase dispersed in increments over that time. If the modification I support was approved, it would eliminate a 2 percent pay raise increment scheduled to go into effect January of 2011.

Read Full Post »

Next »