by William ‘BJ’ Lawson, UnitedLiberty.org
As various tax-related mail begins to appear in the mailboxes of hardworking Americans across the country, itâ€™s instructive for all of us to reflect on why we carry the burden of our government every April.
Take this morning, for instance. We can credit the â€œingenuity of the marketsâ€, and specifically the ingenuity of John Thain, for moving annual executive bonus payments by Merrill Lynch up by a month last November, thus disbursing $15 billion in executive bonuses just before closing Merrillâ€™s acquisition by Bank of America. Fast forward a few months, and the United States taxpayer just gave Bank of America another $20 billion in newly-borrowed funds to put a band-aid on mortar wounds in Merrill Lynchâ€™s balance sheet.Details