Newt Gingrich most famously launched the Contract with America that set a conservative agenda before Congress, now he is back ready to show how to break real contracts with America by promulgating bankruptcy proceedings for states. Under this provision states could be free like corporations to rewrite pension plans and basically take the little guy to the cleaners.
How about this one Newt. We take 100% of all salary and bonuses over 2 million a year and apply it to the federal deficit. Only the filthiest rich need quiver and America gets to work its way out of the red. If this is not acceptable how about we just sue every CEO who makes more than 2 million a year in a publicly held corporation for dilution of earnings and breach of fiduciary duty. We are getting tired of not getting dividends when CEO's get bonuses.
It is not the working American that is causing the problems of this economy, it is the greedy few who like to fund people like Newt and his ideas at the expense of the rest of us. I for one am tired of seeing all these good ways to stick it to the little guy in the name of the Capitalist Dream. I say dream on 800 thread count sheets for a while.
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