Happy Fourth of July Everyone!
Capping and Taxing a Train Wreck: The American public has no idea what will clobber it within the next 60 months. Combined cap and tax, healthcare, and Bush tax cut expiration plus an energy storm boosts the tax burden somewhere to a whopping $4 trillion.
Last week the U.S. House of Representatives passed the American Clean Energy and Security Act (cap and trade), probably the largest tax increase since the Smoot-Hawley Tariff, which is what made the Great Depression so great. We're going to air House debate clips detailing the shenanigans used to ram this complex bill through where, once again, our congress critters voted on legislation they hadn't read.
We're calling this "Philosophy Summer" on the show. Over the coming weeks we'll feature a series of perspective pieces on the philosophies vying for control of western governments as well as the histories of various organizations that have made global government one of their policy goals. Today, Carl Teichrib (www.forcingchange.org) examines the Fabian socialists and the role they have had shaping western history.
John's boralogue reflects on the Fourth of July and America's future challenges.
The Fabian Window
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