Rick Santelli's Chicago Tea Party

Act forces Congress’ return to limited government Posted: 10 Apr 2009 01:53 PM PDT As a reminder of the federal government’s limited powers, 20 representatives want to ensure that every single piece of legislation passing through Congress includes a statement citing specific constitutional authority for enacting it. Sponsored by Rep. John Shadegg, R-Ariz., H.R. 450, or the Enumerated Powers Act, states, “Each Act of Congress shall contain a concise and [...]

Federal budget deficit swells more than expected Posted: 10 Apr 2009 12:25 PM PDT The budget deficit surged as tax revenues declined due to surging unemployment and weak corporate profits, while government spending spiked. Here are some of the more relevant data: In March, the deficit was 300% larger compared to the deficit in March 2008. Corporate revenue (business tax receipts) was down 57% compared to March 2008. Individual revenue (income [...]

More states to raise income and sales taxes Posted: 10 Apr 2009 09:55 AM PDT As the recession deepens, at least ten more states are considering increasing both sales and income taxes to cover huge budget shortfalls. Some fiscal analysts predict the list of states will significantly grow after April 15. There are consequences to out of control government spending, and as usual, hard working taxpayers will have to pay [...]

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