quote of the day

"My colleagues and I are sending a letter to [AIG CEO Edward] Liddy informing him that he can go right ahead and tell the employees that are scheduled to get bonuses that they should voluntarily return them," Sen. Charles Schumer said on the Senate floor. "Because if they don't, we plan to tax virtually all of [the money] ... so it is returned to its rightful owners, the taxpayers."

via CNN

Does anyone else get the feeling that our leaders have no real clue what they're doing?

"we plan to tax...so it is returned to its rightful owners, the taxpayers"

So let me get this straight. First, the govt taxes you and me. Then, they give the money away to these AIG execs. Then, they threaten to tax the money, which in essence is already tax money. So they want to tax the taxes and give the money back to...its rightful owners? Except that it's actually going back to the government. And you and I won't see a cent of it returned to us. And to put the frosting on the cake...who's bright idea was it in the first place to give them a loan? And now they want to tax the loan?

Someone please explain to Sen. Schumer how ridiculous this is.