Tag Archives : US taxpayers

Reaganomics refers to the economic policies that marked the presidency of Ronald Reagan who became US president during ‘stagflation,’ a period known for high inflation and unemployment. The four cornerstones of Reaganomics, a set of policies and economic view, are: reduction in the growth of government spending, reduction in marginal tax rates [...]

Many Americans believed that the US was fighting a war that the Vietnamese people did not want to be fought for them. To say that the US military participation in Vietnam was not popular in the US is an understatement. Many critics felt that what was going on was a civil war between north and south Vietnam, and that the US was poking its nose into [...]

Charles Rossotti’s management strategy at the Internal Revenue Service has produced effective changes that were crucial in improving services to taxpayers and the revenue-collection system, as a whole. Rossotti stepped into the IRS when the agency was languishing in negative reputation for both internal and external inefficiency. Like any strategic [...]

Once again, the American people are living in a time of utter concern for their economy. While the American government speaks in terms of its military victories over agents of terror, the ordinary American taxpayer might not be aware that he or she shall continue to shell out for his or her government’s military spending. Through the decades, however, [...]

Obama’s ire over the excessive bonuses of Wall Street honchos even after the bailout funds came with his government’s regulatory reform calls. Outraged, Obama has recently asked Treasury secretary Timothy Geithner to look for legal means to prevent the payment of multimillion-dollar bonuses to AIG executives who sank the firm. AIG has pledged $165 [...]

During the presidential campaign, John McCain accused Obama for being a socialist. True enough, Obama is now showing the world that socialism can mix with a market economy. Newsweek asserts that socialism in America did not start with Obama but with his predecessor George W. Bush who nationalized Freddie Mac and Fannie Mae, the two mortgage giants. [...]