Alabamian

A Southern Point of View
 
HomeHome  FAQFAQ  RegisterRegister  Log in  

Share | 
 

 More Cash Than The U.S. Treasury

View previous topic View next topic Go down 
AuthorMessage
The Propagandist
Sonneteer
avatar

Virgo

Posts : 68
Join date : 2011-06-20
Location : Tuscaloosa, Alabama

PostSubject: More Cash Than The U.S. Treasury   Fri Jul 22, 2011 8:28 pm

"If the American people ever allow private banks to control the issue of currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."
-- Thomas Jefferson

"The liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic state itself. That, in its essence, is fascism - ownership of government by an individual, by a group, or any controlling private power."
-- Franklin D. Roosevelt

"My goal is to cut government in half in twenty-five years, to get it down to the size where we can drown it in the bathtub."
-- Grover Norquist

29 Companies Had More Cash Than The U.S. Treasury As Of July 13
By Marie Diamond on Jul 18, 2011 at 10:40 am




The numbers effectively rebut Republican claims that the government has plenty of money to keep funding essential services while paying down its debt. It also belies GOP claims that companies are in need of lower corporate taxes. American corporations have a record amount of cash — they are just refusing to invest domestically while lobbying for tax breaks.

Several Republican candidates have called for drastically lowering the corporate tax rate, while congressional Republicans are refusing to concede in debt ceiling negotiations that corporate tax loopholes should be closed to give the government more much-needed revenue.

The Treasury’s cash balances will go back up once more revenue comes in, but on Aug. 3, the government’s savings account will be nearly empty and President Obama would be relying on daily tax revenue to pay the nation’s bills. But there won’t be enough — in fact, there would be a $134 billion shortfall in August alone. The small amount of money available to the Treasury will leave the government facing impossible choices about what to cut.

http://thinkprogress.org/economy/2011/07/18/271513/29-companies-more-cash-than-treasury/


Solve the problem:

TAX THE RICH!


Back to top Go down
 
More Cash Than The U.S. Treasury
View previous topic View next topic Back to top 
Page 1 of 1
 Similar topics
-
» CASH FEARS OVER MADELEINE MCCANN PROBE
» Cash withdrawal in Greece are limited to € 60
» Cash Mod - Money for your forum
» Johnny Cash
» Boy aged nine accidentally shoots and kills two-year-old brother

Permissions in this forum:You cannot reply to topics in this forum
Alabamian :: Politics-
Jump to: