Switzerland’s oldest private bank, Wegelin & Co., has pleaded guilty to helping wealthy United States taxpayers dodge taxes through offshore accounts. The bank was indicted last February on charges of conspiracy and fraud<quoted text>
You and I both know the whole system is corrupt and both Republicans and Democrats like it that way.
Fox News and MSNBC are both corporate hack talking air heads loyal to these two corrupt parties.
Most Republicans are conservative in name only.
Most Democrats are liberal in name only.
Obamacare is not a liberal health plan which would have provided Single Payer, Medicare For All.
Obamacare is more accurately Romneycare which was endorsed by Bob Dole and the Heritage Foundation back in the 1990s.
Obama/Clinton, Bush/Cheney John Kerry, John McCain, et cetera are all corporate hacks loyal to Wall Street.
They have to divide and conquer our ignorant masses.
The Truth Behind the Fiscal Cliff’s Reality TV Show
January 4, 2013 / http://tinyurl.com/b7klghn
To appreciate how the kabuki theater works, consider three big outcomes of the fiscal cliff legislation that the attendant reality TV show never highlighted:
1. Bush defeats Clinton: President Clinton’s tax rates delivered big budget surpluses and one of history’s strongest rates of economic growth. By contrast, President Bush’s cuts to those tax rates birthed massive deficits and the slowest rate of economic growth in modern history. Yet, faced with the fiscal cliff’s choice between Clinton and Bush tax rates, both parties agreed to ratify almost all of the latter.
For Republicans, this victory was summed up by Bush’s former spokesman, Ari Fleischer, who said simply,“it’s fantastic.” For Democrats, their triumphant rhetoric about their one small win - restoring Clinton rates on income above $400,000 - obscures a humiliating truth. Essentially, the party that spent so much political capital to modestly raise taxes and restore fiscal sanity after the Reagan binge was bullied into undoing much of its own fiscal legacy.
2. Nobody in Washington cares about deficits: During December’s “fiscal cliff” TV show, D.C.‘s reality stars told us that they were focused on reducing the budget deficit. But, according to the Congressional Budget Office, the final bill will increase the budget deficit by $4 trillion.
3. Corporate welfare is sacrosanct: For all the effort to make wasteful spending the villain in the “fiscal cliff” TV show, Congress ultimately refused to touch that spending. Somehow, defense contractor largesse in the bloated Pentagon budget was off the table. Somehow, subsidies to corporate agribusiness were separated from the negotiations and then extended. Meanwhile, as the Roosevelt Institution’s Matt Stoller documented, the final “fiscal cliff” bill included taxpayer handouts for everything from NASCAR racetracks, to Hollywood studios, to a new Goldman Sachs headquarters.