Thursday, April 22, 2010

4/20 poll.

As with many instances in politics, actuality can often be obscured behind the wrong frame: ask a question just the right way and results can be wildly tilted, one way or another. Take the case of an Associated Press/CNBC poll released on April 20, 2010, detailing Americans' opinions on legalizing marijuana. The poll was widely reported as declaring that 55 percent in the U.S. are opposed to ending prohibition. Make no mistake, "oppose" is exactly what 55 percent of the people said when asked: "Do you favor, oppose or neither favor nor oppose the complete legalization of the use of marijuana for any purpose?"..Link

Spending is their Favorite.

Both the national Democratic and Republican party committees spend about two-thirds of the money they take in on the care and comfort of committee staffs and on efforts to raise more funds, with lavish spending on limousines, expensive hotels, meals and tips, an analysis of the latest financial disclosure data shows. Monthly committee spending reports, like those that were due by midnight Tuesday, illustrate cultures in which vast sums are consumed with limited accountability, a Washington Post review has found. Neither committee appears to have clear internal spending guidelines, and their reports do not explain hefty expenditures in categories such as "office supplies" and "tips" that consume tax-exempt party funds...Link

Value-added tax may be an option.

WASHINGTON – President Barack Obama suggested Wednesday that a new value-added tax on Americans is still on the table, seeming to show more openness to the idea than his aides have expressed in recent days. Before deciding what revenue options are best for dealing with the deficit and the economy, Obama said in an interview with CNBC, "I want to get a better picture of what our options are." After Obama adviser Paul Volcker recently raised the prospect of a value-added tax, or VAT, the Senate voted 85-13 last week for a nonbinding "sense of the Senate" resolution that calls the such a tax "a massive tax increase that will cripple families on fixed income and only further push back America's economic recovery."..Link

Banks Should Pay for Future Bailouts.

WASHINGTON (AP) — The International Monetary Fund is recommending that banks and other financial institutions pay fees to cover the cost of any future government bailouts.
The proposals were requested by the "Group of 20" countries with the largest economies and will be discussed at a meeting of finance ministers and central bank governors in Washington this week...Link

Update - HR 4995 - 8 Co-sponsors.

End the Mandate Act of 2010.

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