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As you were wrapping those last presents, Geithner's Treasury Department lifted the 400-billion dollar cap on taxpayer responsibility for potential losses for Fannie Mae and Freddie Mac.
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It's not the taxpayers' responsibility to make every hedge fund and every investment bank's bet good with the other side.
The mandate for universal mail service should be chiefly the taxpayers' responsibility.
It's a public benefit, and it should be the taxpayers' responsibility. .
But before they die, they will be the American taxpayers' responsibility.
This is just an additional piece of information HMRC will ask for and it will be the higher rate taxpayer's responsibility to report it to HMRC".
In a letter to Osborne, published on Wednesday night, Carney said: "Continued public ownership without a foreseeable endpoint runs risks including limiting RBS's future strategic options, and continuing the perception that taxpayers bear responsibility for RBS losses.
This market revolution will, say its architects, simultaneously free the taxpayer from the responsibility of funding degrees, improve the quality of student learning and give lazy professors a kick up the backside.
But they also include the hazards to taxpayers of taking responsibility for trillions of dollars in assets that may end up plunging in value.
The euro area must eventually develop into a fiscal union if it is to survive, yet it is all but impossible to see that happening as long as it involves German (and Finnish, Dutch, etc,) taxpayers taking on responsibility for the debts of Greece, let alone of Italy.Southern Europeans should not have been in the euro in the first place.
You may think taxpayers have no responsibility to save private companies.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com