Conservatism Is Calling Slideshow
The proposed Cyprus Deposit Tax to pay for bank bailouts enraged depositors who were threatened with a tax on their savings. Fear generated by this proposal caused a run on the banks. Repercussions from this proposed confiscation of personal savings can affect saving and investment throughout Europe. Worse still it could catch on in here. Congressional democrats are plotting the expropriation of American’s private 401(k) and IRA retirements savings accounts in favor of “a guaranteed income”.
Since 2002, total federal spending has increased nearly 89% while median household income has dropped 5% and median wealth has dropped 23%. In other words, while families have been doing more with less, government has been doing less with more.
–Sen. Tom Coburn, OK-R
H/T Instapundit: Read the entire article here.
Rep. Paul Ryan spoke before the Alexander Hamilton Society on 6/2/2011.
MUST WATCH: Ginni Thomas interviews Ret. AF Gen. Tom McInerney on Pres. Obama’s Failed Middle East policies.