When Presidents Still Understood The 10th Amendment

“I presume the general proposition is undeniable that Congress does not possess the power to appropriate money in the Treasury, raised by taxes on the people of the United States, for the purpose of educating the people of the respective States. It will not be pretended that any such power is to be found among the specific powers granted to Congress nor that “it is necessary and proper for carrying into execution” any one of these powers. Should Congress exercise such a power, this would be to break down the barriers which have been so carefully constructed in the Constitution to separate Federal from State authority. We should then not only “lay and collect taxes, duties, imposts, and excises” for Federal purposes, but for every State purpose which Congress might deem expedient or useful. This would be an actual consolidation of the Federal and State Governments so far as the great taxing and money power is concerned, and constitute a sort of partnership between the two in the Treasury of the United States, equally ruinous to both.”

President James Buchanan
Veto Message To Congress — 1859

AIG — Think About This For A Second Folks

The US Federal Government owns 80% of AIG. As such AIG is a company that is majority owned by the US Government. As such all of the employees of AIG are government employees, including The CEO. If I work for a company that is majority owned by the US Government I am a government employee. Further the money that AIG, a company that is majority owned by the US government, is giving out in retention bonuses (to the tune of appx. 150 million dollars) is money that was given to this US government majority owned company by the US government. Finally, the loopholes in legislation that allows for these bonuses to be paid was a loophole placed in the legislation by Senator Chris Dodd — another US government employee.

So, what we have here is AIG, which is a subsidiary of the US government, and their employees receiving millions of dollars of bonuses.

So, given this reality, how could citizens ever be mad at the private sector in what is being played out? This is a US Government heist of the US taxpayers.

Hey folks, if you’re going to be angry and enraged point all that rage towards the US Government.