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Fighting Back Against Big Banks

the-almightier.gifWICHITA, Kan. - As the very talented Ms. Stein recently wrote, major U.S. banking firms such as Citigroup and Bank of America despite making huge profits pay nothing in Taxes.

Bank of America received a $1.9 billion tax refund from the IRS last year, although it made $4.4 billion in profits and received a bailout from the Federal Reserve and the Treasury Department of nearly $1 trillion.

Citigroup last year made more than $4 billion in profits but paid no federal income taxes. It received a $2.5 trillion bailout from the Federal Reserve and U.S. Treasury.

And of course we all heard in the debates leading up to bailout bills how all these banks were too big to fail and had to be saved. Even current Speaker John Boehner almost broke down and cried over the prospect that the TARP Bill might fail.

We know that the Big Banks gave themselves huge taxpayer funded bonuses, after crashing the economy and making millions. All this while millions of homeowners face foreclosure.

antiwar-6.gifWASHINGTON - How many more protesters or how much resistance to arrest would it have taken for the confrontation to have escalated.

Were the police who made the arrests armed? Would there have been casualties if the crowd had reacted with physical or armed resistance?

Obviously the event didn't get that big or confrontational.

But, what if it had? We had a civil war because a significant number of people objected to Federal Policy.

I'm sure most all of us will say, "Don't let the situation get out of hand."

"Nip it in the bud before full scale mob protests get started."

At what point in time do we call out the National Guard or bring in full scale military presence?

Earmarks Are Parlimentary Problem

pigs-by-fence.jpgCOLBY, Kan. - 'Pork Barrel' and, the recently named, 'Earmarks,' have been a part of the legislative agenda since the very beginning of our nation. Our congressmen have been doing their job of representing their own electorate. Isn't that the idea of the 'United States'? To do for the people what they cannot do, efficiently, for themselves?

By combining the resources of the nation, we can provide services that local areas cannot handle. We depend upon our representatives, in the congress, to assess the requests for national assistance to accomplish local projects. If those requests are legitimate needs, then they should be met.

Are the needs of those in a slum neighborhood in New York City any less a concern for me than the needs of impoverished areas or communities in Kansas?

WICHITA, Kan. - Politico's Simmi Aujla reported in December that Hal Rogers (R-KY) was elected to chair the powerful House Appropriations Committee. Rogers has been named the Prince of Pork for his co-opting millions of taxpayer dollars for his own district's projects. In total Rogers has taken U S taxpayers in the amount of $246 million in earmarks over the past two years. One of Rogers' earmarks passed millions in our money to a reservation in Namibia for the preservation of cheetahs for whom his daughter works.

In January Senator Harry Reid (D-NV) castigated President Obama for pledging to veto any earmarks that came across his desk as part of another bill. Reid waved a small copy of the Constitution and declared, "I'm going to fight as hard as I can against President Obama on these earmarks."

That was after Reid decided to abandon a 1,924-page catchall spending measure laced with home state pet projects, or earmarks.

We have more! This page only lists entries in a particular month. We encourage you to look back through our archives in this same category.

The previous archive is Nation: February 2011. The next archive is Nation: April 2011.

If you want to browse other topics, you can also check our Table of Contents. The most current posts can always be found on our Front Page.


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This is an archive page containing all of the stories posted to Kansas Free Press in one particular topic in a particular month. These stories were published in the Nation: March 2011 section.

The previous archive is Nation: February 2011. The next archive is Nation: April 2011.

The most current posts can always be found on our Front Page.

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