The GOP is back, with a new, yet old, face to lead the party. Zombie Ronald Reagan has been reanimated to assure Americans that Republicans have returned to their core values of fiscal responsibility. Reagan’s 8 years in office resulted in an increase in gross federal debt by 18.5% as a percentage of GDP, but perhaps a mutated rabies virus has changed Reagan’s fiscal intentions. (1)

Brilliant:

This summer, the IRS rewarded Nicolas Cage for his “efforts” with a $6 million tax lien on his New Orleans’ properties for unpaid taxes. So the IRS, lead by tax cheat Timothy Geithner, is cracking down on Nicolas Cage for unpaid taxes. How ironic. Or perhaps, “how fitting” would be a better way to put it. After all, I think Tim Geithner, our spend-happy congress, the Federal Reserve, George Bush and Barack Obama can give Nicolas Cage a run for his money (what little is left of it) when it comes to irresponsible spending. Honestly, look at what our government has been doing:

Like the title says:

According to estimates by the nonpartisan Tax Policy Center, 47% of U.S. households are projected to owe zero federal income tax in 2009. (1) Is this good, bad, or inconsequential?

Here is an excerpt from a longer debate, where Tom Woods lays out the case against the Federal Reserve.

Social costs are not being reduced by the bailout, they’re being dispersed: to the taxpayer, to everyone who earns or saves the U.S. dollar and to unborn generations of Americans.

With a failed dollar we’d have far more church-going citizens eager to stockpile communion crackers. And for the altruistic of the local tribes, the communion crackers might end up back in the offering basket.

Credit, please stop masquerading as capital. Real capital comes from savings. A person or a government lives within their means, pays their expenses, burns through some money just for fun, and has some cash left over. The remaining sums are called savings. Savings then can be invested, stuffed in a mattress, or used as canvases to turn Andrew Jackson’s sideburns into a chin strap beard. Meet capital.

It’s hard to have any sympathy for Tim Geithner. The man was president of the New York Federal Reserve Bank and director of the Policy Development and Review Department for the International Monetary Fund. Learn how to do your taxes and work TurboTax or better yet, you’re not 22 anymore with no assets or responsibility; get an accountant.