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...Taxpayers (a.k.a. voters) were acting in their own interests in bailing out the system. They weren't doing anybody a favor. Furthermore, government already stands to collect about 50% of any Wall Street cash bonuses in the form of income tax ... None of this means Americans don't have an ancient and abiding interest in subjecting bankers to scorn. A rough socialism is fundamental to civilization: The most beautiful virgin must be sacrificed to make the other virgins feel better...

Author: /time Magazine | Title: Verbatim | 2/1/2010 | See Source »

...President also called for a bill that “will finally end the unwarranted taxpayer subsidies that go to banks for student loans,” proposing instead a $10,000 tax credit for families paying for college and increased funding for Pell Grants to assist low-income students...

Author: By Julie M. Zauzmer, CRIMSON STAFF WRITER | Title: Students Approve of Obama's Loan Plan | 2/1/2010 | See Source »

...only so much you can oppose before you become part of the problem, says Norm Ornstein, a congressional scholar at the conservative American Enterprise Institute. And the White House is counting on that fact to try to make the Republicans' refusal to even consider supporting some moderate proposals on tax cuts and deficit commissions a liability in the fall. Last week, a senior Administration official said, "We will not allow the next 10 months to become a referendum on Barack Obama...

Author: /time Magazine | Title: Can Republicans Win Big as the Party of No? | 2/1/2010 | See Source »

...independent Vermont, the group believes, would expolit its already highly developed local small-scale agriculture, its "locavore" farm exchanges, with a tax structure reformed to incentivize small business and industry (and to make life difficult for large out-of-state corporations). By 2020, they foresee Vermont producing at least 75% of its own electricity and heat, using wind-, solar-, biomass- and hydro-power. They want to establish a Bank of Vermont owned by the people of Vermont - freed from the arbitrary controls of central bankers - as well as a local alternative currency, with Vermont pension and operating funds invested...

Author: /time Magazine | Title: The Secessionist Campaign for the Republic of Vermont | 1/31/2010 | See Source »

...Jenney is the state director of Americans for Prosperity, formerly the Arizona Federation of Taxpayers. He helped organize the Tea Party tax-day rally on April 15 that drew more than 5,000 people to the state capitol, and he has been supporting various Tea Party groups around the state ever since. "If people show up and make a big ruckus, we can stop the health care takeover in Congress." Speaking through a bullhorn, Jenney asked drivers to honk if they want to stop health care reform...

Author: /time Magazine | Title: On Scene: With the Tea Party Patriots of Scottsdale | 1/31/2010 | See Source »

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