Sunday, April 3, 2011

We don't have a spending problem

Last week on Real Time with Bill Maher there was and excellent point made, the US Government doesn't have a spending problem, they have a revenue problem.
The main reason given is that corporations now screw the tax system so much that GE, the second largest company in the world made a profit of US$14.2 billion, yet they got a tax rebate of US$3.2 billion.

Until corporations pay their fair share we will continue to see Government cut public services while these companies get tax rebates and their executives get huge tax cuts.

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