welfare

What a welfare queen may look like

 

The guys who drove AIG to the point where they needed your money to survive would like you to know how grateful they are and that they’re spending it wisely to ensure they don’t need any more of your money in the future.

Just kidding. They’re handing out $165 million in bonuses to their derivatives traders – the ones who put them into this situation. For their part, the government is doing everything it can to try and stop these bonuses from being paid. We taxpayers are, after all, the largest shareholder in the company. Surely there’s something we can do , right?

Personally, I’m recording the testimony of AIG’s CEO so I can get some popcorn and watch him squirm. I really hope he tries to defend the bonuses – comedy gold in the making.

Wealth redistribution: Popular with South Dakotans

Dissing Obama’s supposed “income redistribution plan” is pretty popular in SD these days. What most here won’t admit or realise is that our state is on federal welfare and has been for some time.

Check THIS out for the numbers.

In 2005 (the most current year in the study), we got back$1.53 for every dollar we sent to the federal government.

In other words, the tax dollars of other states are being redistributed to fund our low tax lifestyle.

Many of you have seen the Johnson/Munson ad where Munson does everything but fellate Johnson for bringing in so much money for pet projects around SF. Rep. Herseth-Sandlin also mentions in her ads the money she’s helped to bring in while she’s been in congress. Why are we as frugal, up-by-the-bootstraps (whatever that means), God-fearing South Dakotans electing such welfare queens to office?

Could it be that deep down, we really like the idea of wealth redistribution?Â