Blog - House Approves 90% Bailout Bonus Tax

Article 1, Section 9, Clause 5 – United States Constitution

“No bill of Attainder or ex post facto law shall be passed.”

Rep Grayson should be ashamed of himself and resign from his position as State Rep. To continually badger the AIG CEO for names of individuals that have underperformed and to jeopardize their safety. Understandably the US taxpayers are upset and I include myself however, to jeopardize the safety of US citizens by publicly announcing names in a hearing is criminal. Grayson, you were wrong for that line of questioning, you ask questions that are totally irrelevant and your salary should be taxed at 90%. Its government employees like you that hurt our economy. You are asleep on the job.

A democratic form of government is nothing more than MOB RULE!, and I think the mob, in our nations capital, is going too far when they ingnore the constitution, and try to impose their will on WE THE PEOPLE.
Their antics are nothing more than grandstanding, in an attempt to shift national focus from what we all know is the underlying problem, THEM. If article IV, section 4 of the U.S. constitution were upheld, then WE THE PEOPLE might have a voice, and be in a position to put our elected officials in check.

Forget AIG. Here is something to be upset about. The federal government pays bonuses to its employees too. This year it plans to hand out about $1.6 billion of bonuses, despite running more than $1 trillion in the red.

Please ask congress to stop spending tax payers money on bonuses until the deficit is fixed.

There is a good point about ex post facto, but more importantly is the fact that Democrats are using AIG as a veil. Why are politicians demanding names of recipiants of bonuses that they put into a bill that they created. Ironically, this is after they voted yes to a bill that would give them a raise. This 90% tax will hurt the economy because that is more people who will spend less, not to mention the increase of homes on the market because of their need to downsize. I look at these politicians who have served over 15+ years and think of how dirty they are.

There is a good point about ex post facto, but more importantly is the fact that Democrats are using AIG as a veil. Why are politicians demanding names of recipiants of bonuses that they put into a bill that they created. Ironically, this is after they voted yes to a bill that would give them a raise. This 90% tax will hurt the economy because that is more people who will spend less, not to mention the increase of homes on the market because of their need to downsize. I look at these politicians who have served over 15+ years and think of how dirty they are.

These companies from the start were built under the basic tenants of capitalism and the free market. As soon as they accepted money from the government they gave up the right to wrap themselves up in the “free market/ capitalism” shroud and should bend to the rules of “WE the people” (ex post facto or not) if they dont agree they should return the money and fail. You can have “capitalism/free market” and get bailed out by the government, one or the other.