Sarah, Glenn uninformed
Sarah Palin and Glenn Beck’s voices came over the car radio recently as I was driving to the Valley. Sarah said, “Glenn, I’m glad you’re investigating the Federal Reserve because no one else is!” Beck replied, “I’m going to push for a windfall profit tax on the Federal Reserve.”
If Beck had done his research on this topic, which he evidently knew nothing about, he would have discovered that any profit that the Federal Reserve makes goes to the U.S. Treasury.
This is typical of the misinformation, half-truths, tall tales and just plain flat-out lies that Beck, Hannity and other talk show hosts on Fox News feed to the public on a regular basis.
These same Republicans criticize President Barack Obama’s $900 billion health care program. The Congressional Budget Office, which both the Republicans and Democrats in Congress trust, states that this program is fully funded and will save $1 trillion over the next 10 years.
These Republicans are very quiet about President George W. Bush’s prescription drug program (Part D of Medicare) that isn’t funded and estimated to cost as much as $1 trillion. These prescriptions have to be paid the full retail price, which gives drug companies huge profits.
Larry L. Whitesitt
Fairfield