President's Weekly Address - May 15, 2010

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President's Weekly Address - May 15, 2010

Posted by: BPC

Date Posted: May 16, 2010

Categories: Politics & Government | Public Policy | The Economy

President Obama explains how Wall Street Reform will not only end bailouts and bring accountability for big banks, but also empower consumers, shareholders and community banks.

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How to increase voter turnout (cartoon).

Quote:

“The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state."

- The Wealth of Nations, Adam Smith, 1776

Did You Know?

In 2011, Americans will devote 2 hours and 13 minutes of every eight-hour workday, over a quarter of their working hours, to paying taxes. In a nine-to-five workday, it takes until 11:13 a.m. to earn enough to pay that day's share of taxes at the federal, state and local level. If we add the federal deficit to the picture—that is, if the federal government were planning to collect enough in taxes during 2011 to finance all of its spending—Americans would work until lunchtime for the government.

Source: The Tax Foundation

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By The Way...

36		have been accused of spousal abuse.
7		have been arrested for fraud.
19		have been accused of writing bad checks.
117		have directly or indirectly bankrupted at least 2 businesses.
3		have done time for assault.
71		cannot get a credit card due to bad credit.
14		have been arrested on drug-related charges.
8		have been arrested for shoplifting.
21		currently are defendants in lawsuits.
84		have been arrested for drunk driving in the last year.
NBA or NFL?
Neither.
It's the 535 members of the United States Congress!