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Waste?
No tax deductions, or other rights, privileges, etc, should be allowed any corporation not also available to an American at the 30th percentile from the bottom of national income statistics (and also used by 50% of them). None, zero, zip. They don't like it, they can dis-incorporate. And no more capital gains tax: all income subject to income tax (at the 1960 rate of 5% of GDP for corporations/rich).
The waste, corruption and incompetence of the private sector outweighs that of government any day.
Secretary Panetta -- and the rest of them -- deserve no more than a government Ford and a driver. Whatever was good enough for FDR is good enough for these jackals.
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