It's time for a refresher course. I have done too much of the "fun" stuff lately. Take notes if you wish - there will be a test in November.
1) There is NO government money.
When you hear about a "government stimulus" or "federal funds" or anything like that - think "my tax dollars". The government has no money and has no way of getting money without taxing us, or borrowing it.
2) Corporations (companies) do NOT pay taxes (or fees, or fines).
Taxing companies to help with the deficit, or adding a fee to banks to help cover the shortfall, is a tax or fee on US. When you hear of a new tax, fee, or fine, to be levied against corporations (like the one proposed for banks currently), think of it as being taken from YOU. Corporations HAVE NO MONEY except for what they get from their customers and/or shareholders. All banks will do if this fee is levied against them is raise our fees to bank with them.
"We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle." Winston Churchill
Write your congressman and senators. Let them know in Washington that spending our money on whatever they deem fit is NOT going to fly. Most importantly - VOTE every chance you get. Get rid of the idiots up there now that are doing all this - from BOTH parties.
Section 8 - Powers of Congress The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises , to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States; To borrow money on the credit of the United States; To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes; To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States; To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; To provide for the Punishment of counterfeiting the Securities and current Coin of the United States; To establish Post Offices and Post Roads ; To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings a...
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