I am a tax payer and do think it is a nessceary evil, got to have money to pay for our defense. Everything else the govt does should be done by the private sector.
Alot of Americans want the govt to pay for health care, education, retirement plans, on and on. The tax money is used to pay for these inefficent programs and pay the high wages and pensions of what the govt workers get. California is a great example of a state that spends more and more each year as income and taxpayers decline in the state.
Shoot, half of Obama's cabnet are tax cheats, maybe they believe what this video is telling us, or they want to spend our money, not theirs, I think it is the latter.
Now we have Obama spending and porking us in oblivion.
Fed to pump another $1 trillion into U.S. economy
By Edmund L. Andrews Published: March 18, 2009
WASHINGTON: The Federal Reserve sharply stepped up its efforts to bolster the economy on Wednesday, announcing that it would pump an extra $1 trillion into the financial system by purchasing Treasury bonds and mortgage securities.
Having already reduced the key interest rate it controls nearly to zero, the central bank has increasingly turned to alternatives like buying securities as a way of getting more dollars into the economy, >>>>>a tactic that amounts to creating vast new sums of money out of thin air. <<<<< But the moves on Wednesday were its biggest yet, almost doubling all of the Fed's measures in the last year.
As expected, policy makers decided to keep the Fed's benchmark interest rate on overnight loans in a range between zero and 0.25 percent.
But to the surprise of investors and analysts, the committee said it had decided to purchase an additional $750 billion worth of government-guaranteed mortgage-backed securities on top of the $500 billion that the Fed is already in the process of buying.
In addition, the Fed said it would buy up to $300 billion worth of longer-term Treasury securities over the next six months. That would tend to push down longer-term interest rates on all types of loans.
Since last September, the Fed's lending programs have roughly doubled the size of its balance sheet, to about $1.8 trillion, from $900 billion. The actions announced on Wednesday are likely to expand that to well over $3 trillion over the next year.
http://www.iht.com/articles/2009/03/18/business/fed.php