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Millionaire Leaves Entire Estate To Pay National Debt
WFTV-NEWS ^ | 1-20-2006

Posted on 01/20/2006 4:53:38 PM PST by Cagey

FINDLAY, Ohio -- The federal government is reaping a $1.1 million windfall from the estate of an Ohio woman. But the money comes with specific instructions.

Margaret Taylor's will said the government has to use her fortune to help pay down the national debt. A spokesman for the Treasury Department said it may be their largest donation ever.

Taylor died in November at age 98. She told her family that she planned to use her money to help people, but didn't reveal her plans.

The executor of her will said he tried to talk Taylor out of giving her money to the government, but she wouldn't listen. Attorney Tom Drake said Taylor was a staunch Democrat who believed the national debt should be paid off.


TOPICS: Culture/Society; Government; US: Ohio
KEYWORDS: fool; idiotdemocrat; millionaires; nationaldebt; nofoollikeanoldfool
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1 posted on 01/20/2006 4:53:40 PM PST by Cagey
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To: Cagey


She`s a certified Idiot .


2 posted on 01/20/2006 4:54:29 PM PST by Para-Ord.45
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To: Cagey

see also:
http://www.freerepublic.com/focus/f-news/1561583/posts
(totally different headline)


3 posted on 01/20/2006 4:55:14 PM PST by xcamel (Exposing clandestine operations is treason. 13 knots make a noose.)
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To: Para-Ord.45

Ditto


4 posted on 01/20/2006 4:55:36 PM PST by Fledermaus (Please explain the difference between Al-Qaeda and the Left? Anyone? Anyone?)
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To: Cagey

A Democrat doing something to help the country? That's just weird.


5 posted on 01/20/2006 4:55:51 PM PST by Dog Gone
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To: Para-Ord.45

Why? It is her money as she could do with it as she pleases.


6 posted on 01/20/2006 4:56:07 PM PST by msnimje (Senate Democrats ----------- Sound and Furry Signifying INSIGNIFICANCE)
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To: Para-Ord.45

This was like 0.000000000000001 cent to the government.

Certifiable? You betsha!


7 posted on 01/20/2006 4:57:03 PM PST by DoughtyOne (01/11/06: Ted Kennedy becomes the designated driver and moral spokesperson for the Democrat party.)
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To: Para-Ord.45

Well, at least she put her money where her mouth was. This is way more than could be said about the likes of, say, MA or NY senators.


8 posted on 01/20/2006 4:57:04 PM PST by GSlob
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To: Cagey

Poor deluded woman. You cannot help a drunk by giving them another bottle of whiskey....


9 posted on 01/20/2006 4:57:23 PM PST by abb (Because News Reporting is too important to be left to the Journalists.)
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To: Cagey

How long did it take to absorb the whole amount in interest charges, a few seconds?


10 posted on 01/20/2006 4:57:23 PM PST by Paleo Conservative (Happy New Year!)
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To: Para-Ord.45
She`s a certified Idiot .

Were you in her will at one time?

11 posted on 01/20/2006 4:58:00 PM PST by Cagey
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To: Para-Ord.45

" She`s a certified Idiot ."

That took all of 2 minutes, if that, for the Govt to spend.


12 posted on 01/20/2006 4:58:10 PM PST by diverteach
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To: msnimje
I agree. I tell leftists all the time when they cry about the debt and its up to the rich to pay for it, that the govt will gladly take your money.
13 posted on 01/20/2006 4:58:31 PM PST by proud_yank (Aspiring CEO of a multinational corporation)
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To: Cagey

$1.1 million is not a "windfall" to the government; it's a very, very small chunk of pocket change.

It would, however, have sent all of her grandkids to college.


14 posted on 01/20/2006 4:58:37 PM PST by SteveMcKing ("No empire collapses because of technical reasons. They collapse because they are unnatural.")
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To: Para-Ord.45

A fool and her money ...


15 posted on 01/20/2006 4:58:51 PM PST by Ken522
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To: xcamel

From a difference, nanny.


16 posted on 01/20/2006 4:59:33 PM PST by don-o
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To: Cagey

Her business, I suppose. But if she didn't want to give it to her relatives for some reason, there are plenty of worthy charities out there.

I haven't crunched the numbers, but a million dollars thrown into the Treasury will probably slow the growth of the national debt by a fraction of a second.


17 posted on 01/20/2006 4:59:36 PM PST by Cicero (Marcus Tullius)
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To: Cagey

This qualifies for the "How to piss-away 1 million dollars in the shortest amount of time" award.


18 posted on 01/20/2006 5:00:12 PM PST by Spruce (Keep your mitts off my wallet)
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To: Cagey

Senile people shouldn't be allowed to write wills.


19 posted on 01/20/2006 5:00:21 PM PST by WestVirginiaRebel (The Democratic Party-Jackass symbol, jackass leaders, jackass supporters.)
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To: Para-Ord.45
"She's" now past tense.

May she rest in peace.

20 posted on 01/20/2006 5:00:24 PM PST by mombonn (íViva Bush/Cheney!)
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To: Cagey

Her call, but I think she could have helped a lot more people if she'd have given that money to a local church or the Salvation Army.


21 posted on 01/20/2006 5:00:34 PM PST by DemforBush
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To: Cagey

Maybe John Kerry can put in a few million to help out too. Oh wait, it's not his money. It's his wife's. I wonder if she gives him an allowance?


22 posted on 01/20/2006 5:01:32 PM PST by rfreedom4u (Native Texan)
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To: Cagey

In other news, a budget amendment was proposed later in the day adding $1.1 million to subsidize mohair in Alaska.


23 posted on 01/20/2006 5:01:42 PM PST by thoughtomator
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To: Cagey

Rewarding inefficiency... stupid.


24 posted on 01/20/2006 5:01:45 PM PST by Trajan88 (www.bullittclub.com)
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To: Para-Ord.45
Nah, she just really really didn't like the rest home her kids stuffed her in. lol.
25 posted on 01/20/2006 5:02:58 PM PST by JasonC
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To: Cagey
Margaret Taylor's will said the government has to use her fortune to help pay down the national debt

Did I ever mention that my real name is "Pay Down the National Debt"?

26 posted on 01/20/2006 5:03:15 PM PST by Polybius
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To: Cagey; nutmeg; Nick Danger

Will the feds have to pay inheritance tax?


27 posted on 01/20/2006 5:03:17 PM PST by NautiNurse
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To: Para-Ord.45; Cagey

"She`s a certified Idiot ."

LOL! Oh, I can't agree, she's a woman who has put her money where her mouth was. It must have given the estate planners conniption fits, not to mention the heirs. But I say good for her, if all the dems has this much honesty the country would be a better place.


28 posted on 01/20/2006 5:03:45 PM PST by jocon307 (The Silent Majority - silent no longer)
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To: Cagey

What a crying shame. A lifetime of protecting and gathering assets, tossed away like a pail of sand into the ocean.


29 posted on 01/20/2006 5:05:08 PM PST by kcar (theUNsucks.com)
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To: Cagey

Another case of booze for Teddy.


30 posted on 01/20/2006 5:05:32 PM PST by gotribe (Hillary: Accessory to Rape)
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To: Cagey

It's a shame that she didn't actually use it to help someone. Or a lot of someones.


31 posted on 01/20/2006 5:05:52 PM PST by DJ MacWoW (If you think you know what's coming next....You don't know Jack.)
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To: NautiNurse
NautiNurse

Hahahahaha! Brilliant!

32 posted on 01/20/2006 5:06:05 PM PST by Cagey
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To: Para-Ord.45

A quick calculation.

Total National Debt: $8189 billion
Assuming 4% interest: $327.5 billion/year,$897 million per day, $37.3 million/hour, $0.0104 million/second

The Woman's fortune paid for ~100 seconds of INTEREST on the national debt.

Its not good to talk ill of the dead, but one really has to be stupid to flush more money into this deep dark black hole called the govt.


33 posted on 01/20/2006 5:07:00 PM PST by raj bhatia
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To: Cagey

This has already been posted, but isn't it great, She probably left enough money to pay for Bill Clinton's haircuts at airports while he was president.


34 posted on 01/20/2006 5:07:09 PM PST by AmericanMade1776
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To: Cicero

probably less than a fraction of a second once the Senate Appropriations committee gets ahold of it. Basically, she traded her $1.1 million for a fancy IOU from the government.


35 posted on 01/20/2006 5:07:24 PM PST by willyd (No nation has ever taxed its citizens into prosperity)
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To: Cagey

Congratulations, Miz Taylor, your kind gift has now funded 3 acres of asphalt in the dominion of Grand Dragon Robert 'Sheets' Byrd! Thank you for participating in the system!


36 posted on 01/20/2006 5:07:29 PM PST by atomicpossum (Replies must follow approved guidelines or you will be kill-filed without appeal.)
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Comment #37 Removed by Moderator

To: Cagey
Say it ain't so, Grandma! I would have spent it wisely!
38 posted on 01/20/2006 5:07:59 PM PST by operation clinton cleanup
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To: Cagey

Won't be a drop in the bucket to the national debt but it could have surely erased all my personal debt.


39 posted on 01/20/2006 5:08:23 PM PST by The_Media_never_lie
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To: Para-Ord.45

'tard.


40 posted on 01/20/2006 5:08:31 PM PST by billorites (freepo ergo sum)
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To: Cagey
btw... what were the estate taxes?
41 posted on 01/20/2006 5:08:37 PM PST by operation clinton cleanup
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To: Dog Gone

Yeah figures we get one well intentioned, clear thinking Democrat and we had to find out posthumously.


42 posted on 01/20/2006 5:08:51 PM PST by When do we get liberated? ((God save us from the whining, useless, irrelevent left...))
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To: raj bhatia
Or it could be spent on important capital improvements for the nation. For example, 30 feet of the Bridge to Nowhere.
43 posted on 01/20/2006 5:08:56 PM PST by KarlInOhio (Hey Fat Ted: Alito is the judge, Mojito is what you're drinking. Try to remember the difference.)
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To: Cagey

What a waste. Her family must be pissed.


44 posted on 01/20/2006 5:09:28 PM PST by billybudd
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To: Polybius
Did I ever mention that my real name is "Pay Down the National Debt"?

Best laugh of the day.

45 posted on 01/20/2006 5:11:12 PM PST by Lawgvr1955 (You can never have too much cowbell !!)
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To: billybudd

Giving government money and expecting something good to happen? The family ought to be able to set this aside since she was obviously mentally incompetent.


46 posted on 01/20/2006 5:11:22 PM PST by kcar (theUNsucks.com)
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To: Cagey

Am curious how she accumulated over a million dollars to give back to the rich (Government).


47 posted on 01/20/2006 5:13:05 PM PST by operation clinton cleanup
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To: Para-Ord.45

LOL,I agree!


48 posted on 01/20/2006 5:13:14 PM PST by Anti-Bubba182
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To: Cagey

It's like trying to bail out the Titanic with a shotglass.


49 posted on 01/20/2006 5:13:58 PM PST by skikvt
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To: Cagey


You know what this means?

WE CAN RAISE TAXES AGAIN!!!! :D:D:D:D:D:D:D:D

Happy Day for lefties everywhere!


50 posted on 01/20/2006 5:14:36 PM PST by Tzimisce
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