In case you haven’t heard, another AIG subsidiary, International Lease Finance Corp., threw a lavish party at the Smithsonian just 4 days after US taxpayers bailed out parent AIG to the tune of $85 billion.
Read the story here.
This is in addition to the now infamous $443,344 spa retreat at the exclusive St. Regis Monarch Beach Resort for executives of AIG subsidiary, AIG American General, which prompted Barack Obama to suggest during Tuesday’s debate that the Treasury should demand the money back and fire the executives.
And this week the feds agreed to loan AIG another $37.8 billion. If you want to make your voice heard on how your tax dollars are being wasted, go to this link to look up the contact information for your congressional representatives.
Make a phone call if you can. It’s much more effective than an email.
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October 10th, 2008
Posted by
freedomminute |
Federal Government |
2 comments
I guess if you live long enough, you see everything. This week, John McCain proffered a multi-billion dollar plan to have the federal government buy up all the home mortgages in the country that have fallen into default and then revalue them to current home values. A plan that would put us billions more into debt and reward the lenders who made bad loans and the homeowners that got themselves into mortgages they knew they couldn’t afford.
Did I mention that the plan was put forward by John McCain, the REPUBLICAN candidate for president? And guess who’s opposed to the government intervening in this way. Yeah, “that one”, the Democratic contender. If I’m not mistaken, aren’t the Republicans supposed to be in favor of smaller government and less intervention in the free market? And isn’t it the Democrats who have traditionally been accused of being the “tax and spend” party? And isn’t this the same John McCain who pretty much made his career on being a fiscal conservative, the watchdog for your tax dollars?
Apparently not. Apparently we’re living in some kind of election year Bizzaro World in which up is down, left is right, and Republicans are Democrats. Except, of course, when it comes to keeping the government out of your bedroom and other personal business. Then they’re still Republicans.
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If you enjoyed this article, please share it with others by clicking on one or more of the icons below. If you wish to be notified each time I put up a new post, you can subscribe through one of the links to the right. (If you don’t know what RSS is, just choose the email option.) Finally, leave some feedback or join the discussion by commenting below. I’d love to know what you think.
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October 10th, 2008
Posted by
freedomminute |
Federal Government |
no comments
by David Boaz or 
by David Bergland, both excellent books on libertarian thought.
