A community of 30,000 US Transcriptionist serving Medical Transcription Industry
Apparently 30 to 40% of Americans cheat on their taxes. Makes you wonder if the Republican/T-partiers are more concerned with possible jail time or actually cutting the deficit.
http://www.huffingtonpost.com/2011/04/11/irs-funding-cuts-congress_n_847741.html
;I care about the treasury secretary not being able to do his taxes with TurboTax. His qualifications do concern me. The criticism wasn't meant to be just that - criticism. It wasn't meant to be "acting like children." Because it's not something that all agree with doesn't make it childish.
Based on his orchestration of much of this year’s financial bailouts in his current post, Geithner would be “more of the same” of the worst aspects of the Bush administration — more bailouts, more lack of transparency in the bailouts, and more corporate welfare.
As head of the New York Fed, Geithner has been, in The Washington Post’s words “a primary architect of the Bush administration’s response to the financial crisis,” and “has worked closely with [Paulson]to devise responses to the most critical events of the market turmoil.”
Other than organizing bailouts, however, Geithner’s resume is quite thin compared to that of others who have held the office for which he has been nominated. As liberal columnist Robert Kuttner noted recently in TheAmerican Prospect, Geithner “has neither a doctorate in economics nor an M.B.A.”
Also, Geithner has never been a corporate leader, nor an economics professor with a trail of published academic papers. Instead, Geithner’s career has been almost entirely in the bowels of the bureaucracy. He started at the Treasury Department in 1988 as a career civil servant before being appointed under-secretary of the Treasury for international affairs in 1999.
Geithner would not have even been under consideration had he not come to prominence in circumventing rules to arrange the bailout of Bear Stearns’ creditors earlier this year, with $29 billion in backing from U.S taxpayers.
According to accounts from both conservative columnist Robert Novak and the financial magazine Conde Nast Portfolio, Geithner was the main instigator of the bailout, getting Paulson and Fed Chairman Ben Bernanke to sign on to his handiwork.
The Bear deal faced criticism from the Left and Right as both a stretch of the Fed’s power and a precedent that spread “moral hazard,” thus leading to the further bailouts down the line — bailouts that Geithner would be heavily involved in, working hand-in glove with Paulson.
But in addition to the questionable results of bailouts in saving the economy, also troubling has been the Federal Reserve’s lack of openness when it has put taxpayer money on the line, an area where Geithner shares much of the blame.
A recent editorial in The Wall Street Journal noting that “Geithner was the driving force behind the government takeover of insurance giant AIG” also criticized “the New York Fed’s lack of transparency, both about the nature of the ‘systemic risk’ that required the takeover and why it was superior to bankruptcy.”
Geithner’s judgment has also been questioned with recent reports of alleged favoritism toward Citigroup — the financial firm where Geithner’s mentor, former Treasury Secretary Robert Rubin, serves as a director and senior counselor.
According to a Bloomberg News report, Geithner unsuccessfully pushed for Citi to take over troubled banker Wachovia Corp. with government guarantees of billions of dollars, even after Wells Fargo & Co. offered to take over the company at no cost to taxpayers and a higher price for Wachovia shareholders.