The Thursday wrap
Even The Associ ated Press now is forced to admit the painfully obvious: “It turns out wealthy families already are paying some of their biggest federal tax bills in decades even as the rest of the population continues to pay at historically low rates.” So there. ... Full-sized Ford and Chevrolet pickup trucks continue to pace this nation's auto sales. We can only wonder how long it is before the Obama administration attempts to ban them. ... We thought nobody could outdo Hanoi Jane Fonda for her treasonous Vietnam War performance. Then along came former NBA player Dennis Rodman's visit to North Korea and his sickening embrace of dictator Kim Jong-un. What's next, Jane and Dennis joining forces to go on an excellent adventure in Iran? ... One-time prospective Steelers buyer Stan Druckenmiller is garnering lots of attention with his warnings of dire financial consequences for today's youth because of the exploding costs of Social Security, Medicare and Medicaid. The one-time George Soros lieutenant, who's made his mark as an uber-successful hedge fund manager, says those programs' unfunded liabilities are as much as $211 trillion, far outstripping the current $16 trillion national debt. But remember, America doesn't have a spending problem; its problem is that “the rich” aren't taxed enough. ... Among the 17 people to receive presidential pardons last week was Larry Wayne Thornton of Forsythe, Ga. He was serving four years' probation for possession of an unregistered firearm and possession of a firearm with no serial number. We report, you deride.
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