If ever there was a populist blueprint for deficit reduction, this has got to be it.
Each year, millionaires are soaking the government, not illegally, for some $30 billion in benefits from tax giveaways and loan programs, according to a report by Sen. Tom Coburn of Oklahoma.
The Republican senator, a staunch fiscal hawk and equal opportunity scourge of government waste and abuse, released "Subsidies of the Rich and Famous" Monday to little fanfare, saying in an e-mailed statement, "This welfare for the well-off - costing billions of dollars a year - is being paid for with the taxes of the less fortunate, many who are working two jobs just to make ends meet, and IOUs to be paid off by future generations."
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John Stossel did a segment on this in his FoxNew's special "Freeloaders."
ReplyDeleteIf you google Stossel Freeloaders you can watch online.
Well, if I have to subsidize some one, it might as well be my Jon Bon! No one cuter!
ReplyDeleteAnd how many regular Americans are soaking the government? Everyone who makes 50K or less gets more out of the federal system then they put into it.
ReplyDelete9:03... I agree with you. There's also the 54 percent that don't pay anything. Let's start hitting their wallets.
ReplyDeleteWhere do you get your figures? SOMEONE has to pay into the fed.
ReplyDeleteAnd these people sure make more than 50k a year.
9:03
ReplyDeleteI sure would like to know how you came up with that idea.