The incoming congress is promising strict oversight of the Executive branch. Incoming oversight chairman Rep. Darrell Issa (R-Calif.) plans hearings on Fannie Mae and Freddie Mac, government “hyperregulation,” WikiLeaks, the FDA and more.
Increased taxes on high earners should be the first step toward balancing the federal budget, a new poll suggested Monday. Raising taxes on the rich beats out cuts to defense spending, Medicare and Social Security as U.S. adults’ top preference on how to close the deficit, according to a 60 Minutes/Vanity Fair poll.
As reported by Michael O’Brien in The Hill, http://thehill.com/blogs/blog-briefing-room/news/135639-poll-tax-hikes-for-rich-should-be-first-step-toward-balancing-budget Sixty-one percent of Americans said that increasing taxes to the wealthy should be the first step toward balancing the budget.
By contrast, 20 percent of respondents preferred cuts to defense spending as the first option, while 4 percent said that cutting Medicare would be the best way to start cutting the deficit. Three percent said they preferred cutting Social Security.
As reported by Bruce Fein in Slate in 2007:
“House Speaker Nancy Pelosi is proving to be the surprise O. Henry ending to last November’s elections. The American voters gave Democrats clear control of Congress, rebuked President George W. Bush, and voiced an unequivocal public craving to trade in customary narrow-minded politics for something more inspiring. Yet motivated by partisan concerns over the 2008 elections, the new speaker is following President Bush around like a sheep while he solidifies an imperial presidency and diminishes the Congress into irrelevancy.”
My suggestion to Darrell Issa would be to investigate why Nancy Pelosi took impeachment off the table for an administration that made a mockery of the Constitution, and committed treason against the American people numerous times. While he’s looking at Fannie Mae and Freddie Mac, he needs to keep looking at the banks that originated all of the subprime, no-doc loans that Fannie and Freddie absorbed, and that were bailed out by the taxpayers.
As far as Wikileaks is concerned, the much-maligned Central Intelligence Agency is actually very good at what they do. At the top of the list of things they are good at is disinformation; that’s why there is a general impression of the CIA as kind of a Keystone Cops torture happy bunch. If Issa really digs, he’ll find the Wikileaks come from the CIA, who will undoubtedly come out of this with more funding.
Lastly, it seems the Tea Party is angry at the mainstream GOP for the way they voted on the tax cut extensions. The Tea Party is financed by the Koch Brothers. The mainstream GOP is funded and abetted in no small part by Rupert Murdoch, the Waltons and US Chamber of Commerce.
Fellas, you’re all on the same side.