Importing iCal data from Google Calendar does not work properly. For example, importing the US Holidays feed produces duplicate entries on adjoining days (St. Patty's on the 17th *and* the 18th). These entries have no times associated with them.
Here's the feed I added:
http://www.google.com/calendar/ical/usa__en%40holiday.calendar.google.com/public/basic.ics