Where government really gets its money
Too many people seem to think the government has an endless supply of money to dole out to them, without realizing it really comes from them as taxpayers. How many times does one hear people say, “Oh, the government pays for it” with no concern as to where the government gets it?
Greedy ones who only think of themselves with their groups for more from the government would be better served by working for a healthier economy that would benefit everybody. This greed often leads to unemployment for many of those with their demands. A real road to full employment would be a healthier economy, as espoused by most Republicans (especially those that are in the Tea Party).
On the other hand, the Democrats, especially as led by President Barack Obama, placate unions, lawyers, environmentalists and other special interest groups in demands that lead to a worsened economy.
Michael A. Smith
Rockford
From the Jan. 30-Feb. 5, 2013, issue
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While Michael Smith is correct that government gets its money from taxpayers, he is wrong in thinking that it is greedy groups that drive up the cost of government. The reaily is that it is privatization of government services at a cost plus price that drives up costs. Overhead is typically much lower for services provided by government when compared to those same services that have been sold or contracted to private companies. Corporations are driven by profit; government employees are driven by a desire to provide good service.
If you want less costly government, stop outsourcing to private companies which are there to make a profit. There is no evidence whatsoever that private companies can do a better job at less cost. In this regard the Republicans, and especially the Tea Party, are wrong.
Monday, February 04, 2013
Nation off Change website. Paul Buchheit reported the following;
– Verizon, which made $38 billion in 2008-2011 and paid no tax, cut 41,100 jobs.
– AT&T, which made $9 billion in 2011 and paid no tax, cut 54,000 jobs.
– Merck, which made $34 billion in 2008-2011 and paid a 7 percent tax, cut 13,000 jobs.Other leading job-cutters:
– Citigroup, which made a $28 billion profit in 2010-2011 and paid no tax.
– Boeing, which made $15 billion in profits in 2008-2011 and paid no tax.
– IBM, which made $75 billion in profits in 2008-2011 and paid less than 2 percent in taxes.
– HP, which $40 billion in profits in 2008-2011 and paid an 11 percent tax.
– Pepsico, which made a $10 billion profit in 2011 and paid a 6.3 percent tax.
– Proctor & Gamble, which made almost $60 billion in profits in 2008-2011 and paid 11 percent in taxes.
– Google, which avoided about $2 billion in 2011 taxes by shifting revenue to a Bermuda tax haven.
After reading these numbers I felt compelled to email our elected officials in Washington D.C. asking for their defense of these corporations.
Apparently campaign donations pay.