Bailout Plans Pit Americans vs. Congress

 

America walking a fine line: America is walking a fine line these days. We are a generous and optimistic people. But our history shows that Americans can only be pushed so far when it comes to taxing their efforts.

The Boston Tea Party was the result of an unpopular tax levied by the British Parliament on tea imported into the colonies. The Stamp Act, requiring a tax to be paid on all legal documents, contracts and newspapers, triggered a revolt because it was passed without representation in Parliament.

Politicians are trying to make it look like it's Democrats vs. Republicans when it comes to debating the economic future. But more and more, it's looking like Americans vs. Congress -- all the politicians, of both parties, who have been digging into the pockets of Americans under the guise of "helping."

When it comes to that confrontation, my bet is on the American people. And that's the Savage Truth!

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Terry Savage is an expert on personal finance and also appears as a commentator on national television on issues related to investing and the financial markets. Savage's personal finance column in the Chicago Sun-Times is nationally syndicated. She was the first woman trader on the Chicago Board Options Exchange and is a registered investment adviser for stocks and futures. Savage currently serves as a director of the Chicago Mercantile Exchange Corp.

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