The news that AIG is planning to shell out $165 Million in “bonuses” is driving both sides of the isle in to a feeding frenzy. The Prez is demanding the bonuses be stopped by any means necessary. Republicans and Democrats both are threating legal (and even bodily harm) to the AIG employees who refuse to give up the extra cash. But I just have one question – “what’s the big friggen deal?”
Take a look at the numbers – $165 Million. Yes that’s a big number, but its less than one tenth of one percent (.09%) of the overall bailout loan us taxpayers invested ($173 Billion). Given The Prez’s penchant for spending money, and Congress’ exuberence for earmarks, which total a heck of a lot more than the “meare pittance” given AIG – shouldn’t the American taxpayer be more upset with the government?
Looks like Chrysler is in some hot water – again. Seems the boys in the boardroom thought it would be a good idea to take some of that hard-earned bailout money, and use it to thank the American tax payer for their generous support. So they go and spend almost a quarter a million a pop on full page ads in the leading newspapers (who reads those anyway?). Does that seem like the best way to spend your money?
“Years ago there was a robber who was really polite. He said please and thank you while he was robbing people. At the end of the day, people had their money stolen. Saying thank you doesn’t make it OK. They should give the money back.”
Original story on Fox News.
You work hard all week long and on Friday you get your check only to find that the government got there first. Federal, State, Local, Social Security, Medicare help themselves before you receive YOUR earnings to buy food, gas and keep a roof over your head.
Do you know how the federal government spends your money? Did you know that the 2008 fiscal year spend is $3.226 trillion? The government left our children a $407 Billion deficit tab to pay also as our liberal Congress continues to pass ever increasing budgets.
The liberal left wants you to think that its all due to military spending. While its true that the President’s 2009 discretionary spending has risen to $1.182 trillion fighting two wars and increasing homeland security, Congress spent far more on social programs. Worth noting is that we haven’t had a successful attack in the US by terrorists since 9/11 which might have some correlation to the spending.
The reality is that Congress decided where the other $2 Trillion went. So where does it all go? Below is the Real Deal on taxes and who drives the spending.