This is a great song about Geithner

California citizens to vote on state's future tomorrow

The state of California is bankrupt. It has no money. It is billions in debt. Tomorrow we'll find out if California will survive in its current state.

Current Highest Taxed States (Top 5 per category):
Gasoline Tax--
1. New York: 41.3 cents
2. Washington: 37.5 cents
3. California: 35.3 cents
4. Florida: 34.5 cents
5. Hawai'i: 33.6 cents

Cigarette Tax:
1. New York: $2.75
2. New Jersey: $2.58
3. Massachusetts: $2.51
4. Washington: $2.03
5. Alaska, Arizona, Connecticut, Hawai'i, Maine, Maryland, Michigan

Beer Tax:
1. Alaska: $1.07
2. Alabama: $1.05
3. Georgia: $1.01
4. Hawai'i: $0.93
5. South Carolina: $0.77

Sales Tax:
1. California: 7.25 percent
2. Indiana, Mississippi, New Jersey, Rhode Island, Tennessee: 7 percent


IN THE NEWS:
The New York Times: Voters to Face 6 Measures on Finances in California
NPR: Budget Issues on California's Special Election
MSN Money: Where does your state rank on taxes?

Soda pop tax to pay for socialized heath care?

Stupidity is in the air. I can understand a tax on tobacco. It actually kills, or at least shortens a person's life span. Now sugary drinks? I'm not a health expert, but I haven't heard about anything life threatening from pop, energy drinks, or fruit drinks.

I guess they'll try anything to get socialized health care. The U.S. Government is broke and it has come to this. What's next, increased tax at fast food joints?

IN THE NEWS:
The Wall Street Journal: Soda Tax Weighed to Pay for Health Care
Politico: Smokers, drinkers to carry tax burden?

Tax Day 2009: Lets be patriotic!

In the words of Vice President Joe Biden, a man who is patriotic because he loves paying taxes, happy tax day!

A look back:

Geithner has no clue

Thank you Senator Dodd. I am Tim Geithner and I am an idiot. I have no idea what I am doing. I can't do my own taxes. I have no clue on how to fix the economy. How did I get this Treasury Secretary job? I have no idea. What is money? I know I am the TARP guy, but what is TARP? Did I tell you that I am an idiot?

Treasury Secretary Tim Geithner admits he has no idea what he is doing today in a press conference:
Part One


Part Two


IN THE NEWS:
Reuters: Excerpts from Geithner's speech on bank plan
Politico: Costly bank rescue plan aims to increase trust
CNBC: Stocks Tumble as Bailout Plan Is Unveiled

Daschle: I used to drive my own car

The former Health and Human Services designate Tom Daschle didn't know he had to pay taxes on his "free car." He didn't know. If you want to be in President Obama's cabinet, there are two qualifications: 1. be a liberal, 2. don't pay taxes.

Let's look at the history of Tom Daschle in Washington and cars...







(Videos are courtesy of Fox News Channel and CNN)

Tax evader approved as Treasury Secretary

Timothy Geithner has been approved to be the next Treasury Secretary. He failed to pay his taxes for more than eight years. He owed the IRS $34,000 in taxes. But he was the only person in the world who understood TARP funds, as the Obama administration and the news media has said. He is the right man for the job. Yet, he doesn't know how to pay his own taxes and he's going to be in charge of the administration that is in charge of the federal tax system. Wow!

After all, it's only a "careless mistake" in forgetting to pay thousands of dollars in taxes. That's what he said and Sen. Harry Reid. Amazing!

IN THE NEWS:
Fox News: Senate Panel Approves...
MSNBC: Committee approves...
Wall Street Journal: Treasury's Top Post...