There's been a lot more finger-pointing on Capitol Hill over the AIG bonuses.
But who is ultimately responsible and why did no one see this coming?
Congressman Ron Paul says it's because no one's reading these bills.
He joined us live.
Here is another thought about taxing the AIG bonuses. Do we really want to set this kind of precedent? Isn't this what dictatorships do...confiscate people's earnings and property at will? The Congress already manipulates the economy via the tax code now they have the idea to punish people through the tax code also. What crime are the executives guilty of? Believe me, I think the bonuses are very wrong and the companies and the executives arrogant and clueless, but as far as I can tell they acted in good faith. Congress is totally responsible for this fiasco and they should stand up and say so. What a bunch of weasels!
it is time to "downsize" the government.When one hand does not know what the other does.
I think someone said the buck stops here. How about the ones that failed to read the bill? Or how about the one who said he knew nothing about it but later admitted he put it in. Liar!!!!! And we expect our children to tell the truth. I guess this does not apply to politicians. What a JOKE.
Congress SHOULD read the bills it expects citizens to know and follow. That's such a good idea that DownsizeDC.org has been trying to get that very law enacted. Check out the "Read the Bills Act" (RTBA) and let your representatives know that the American public demands that they actually do their job.
Ron Paul is probably the only one who isn't running around like a chicken with it's head cut off. Our elected leaders only respond to taxpayer outrage. This is business as usual. This is stupid to think you can single out one group of taxpayers for a tax increase. It will cost us more in lawsuits then the bonuses were in the first place. Leave it to Congress to always have hindsight. It is time to have some foresight.
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