Forum Post: Make the companies accountable for their bailout money
Posted 13 years ago on Oct. 8, 2011, 10:19 p.m. EST by gabrielaurr
(8)
from Miramar, FL
This content is user submitted and not an official statement
Over and over again the government has carelessly given bailout money to companies without an accounting of how they will spend their money. We are tired of the government just giving away tax dollars carelessly. Reform the treasurey department and get them in check. Citigroup bought new 50 million dollar corporate jets, AIG gave 165 million dollars in bonuses to their employees, 54 million dollars have been mispent by the Detroit public school officials, etc. etc. Stop throwing money at ploblems and use the tax money wisely.
Also the BIG govt subsidized affordable housing!!! this is what has happened to CA as a result. another unaccountable branch of govt run by banks and if we arent careful this where the socialo justice argument is heading...
"This unknown government currently consumes 10% of all property taxes statewide - $2.1 billion in 2001. It has a total indebtedness of over $51 billion. It is supported by a powerful Sacramento lobby, backed by an army of lawyers, consultants, bond brokers and land developers. Unlike new counties, cities and school districts, it can be created without the vote of the citizens affected. Unlike other governments, it can incur bonded indebtedness without voter approval. Unlike other governments, it may use the power of eminent domain to benefit private interests. This unknown government provides no public services. It does not educate our children, maintain our streets, protect us from crime, nor stock our libraries. It claims to eliminate blight and promote economic development, yet there is no evidence it has done so in the half century since it was created. Indeed, it has become a rapidly growing drain on California's public resources, amassing enormous power with little public awareness or oversight"