Heart Happy (cathy_edgett) wrote,
Heart Happy
cathy_edgett


There are many opinions on the subject of Sarah Palin and where she stands. We know she is a creationist, anti-abortion and supports oil drilling in Alaska.

I moved my car today and caught a quick quip on the radio as to whether capitalism works. It was said that capitalism requires compassion and uniting to help others. Those are my words. That is what I heard. He said the downfall of capitalism began when Ronald Reagan said, "We fought a war on poverty and poverty won," and people laughed.

Here is an interesting look at the war on poverty and if anyone "won."

http://www.digitalhistory.uh.edu/historyonline/con_poverty.cfm


Here is also an article on Sarah Palin and whether or not, she is a "tough fiscal conservative" as many might prefer. I believe in fiscal conservatism. I have not seen that in these eight years under Bush. We had a balanced budget. Now, we do not. I am not hearing the McPain team give us numbers that add up to returning us to a balanced budget which is what this country needs, but probably can no longer attain. A balanced budget has been placed out of reach. Why?



Author:
Chris Suellentrop

Sarah Palin may be many things, but she is not a “tough fiscal conservative,” Michael Kinsley writes in his column for Time magazine.
“Of the 50 states, Alaska ranks No. 1 in taxes per resident and No. 1 in spending per resident,” Kinsley writes. “Its tax burden per resident is 2 1/2 times the national average; its spending, more than double. The trick is that Alaska’s government spends money on its own citizens and taxes the rest of us to pay for it.” He continues:
Alaska is, in essence, an adjunct member of OPEC. It has four different taxes on oil, which produce more than 89 percent of the state’s unrestricted revenue. On average, three-quarters of the value of a barrel of oil is taken by the state government before that oil is permitted to leave the state. Alaska residents each get a yearly check for about $2,000 from oil revenues, plus an additional $1,200 pushed through by Palin last year to take advantage of rising oil prices. Any sympathy the governor of Alaska expresses for folks in the lower 48 who are suffering from high gas prices or can’t afford to heat their homes is strictly crocodile tears.
As if it couldn’t support itself, Alaska also ranks No. 1, year after year, in money it sucks in from Washington. In 2005 (the most recent figures), according to the Tax Foundation, Alaska ranked 18th in federal taxes paid per resident ($5,434) but first in federal spending received per resident ($13,950). Its ratio of federal spending received to federal taxes paid ranks third among the 50 states, and in the absolute amount it receives from Washington over and above the amount it sends to Washington, Alaska ranks No. 1.
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