Perfectly Legal: The Covert Campaign to Rig our Tax System to Benefit the Super Rich- and Cheat Everyone ElseAmerica finally knows what President Obama meant when he said he intended to “fundamentally transform America.” He aimed to make this country unrecognizable to its Founding Fathers, and he’s done just that.
Obama has reversed the role of the federal government – instead of looking like the world’s hegemonic superpower, we look more like the world’s most innovative social welfare state to be envied by all of Western Europe.
This year defense spending will sink to its lowest levels in our nation’s history; meanwhile, entitlement spending will reach new highs.
This is part of an astounding overall trend in our federal government’s spending habits. The Heritage Foundation reports,“Defense spending has declined significantly over time, even when the wars in Iraq and Afghanistan are included, as spending on the three major entitlements—Social Security, Medicare, and Medicaid—has more than tripled.”
In 2012 alone, Heritage reveals an immense gap between defense and entitlement spending—defense comprised 19% of total outlays, while entitlements reached a gargantuan 62% of federal spending.
This is a complete perversion of what the Founding Fathers intended. All caused by a usurper!
http://tinyurl.com/ydf6r6 / April 18, 2004
One of the country's top investigative reporters reveals how the richest people within the top 1 percent of the country has rigged the tax code and other laws in its favor.
Pulitzer Prize-winning investigative reporter David Cay Johnston has been breaking pieces of this story on the front page of The New York Times for nine years, work for which one business school professor calls him ìthe de facto chief tax enforcement officer of the United Statesî. With Perfectly Legal, he puts the whole shocking narrative together in a way that will stir up media attention and make readers angry about the state of our country. And he has sound advice on what to do.
Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense
(And Stick You with the Bill) January 18, 2008
Pulitzer Prize-winning journalist David Cay Johnston joins us to talk about his new book,“Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense (And Stick You with the Bill).” Johnston reveals how government subsidies and new regulations have quietly funneled money from the poor and the middle class to the rich and politically connected.