via Ronnie Paskin http://pinterest.com/pin/174162710561344294/
Monday, November 19, 2012
Tuesday, November 13, 2012
Monday, November 12, 2012
Friday, November 09, 2012
Cheer Up, GOP: We Just Re-elected a Republican President
Yes, Obama began his presidency with bailouts, stimulus, and borrowing. You know who started the bailouts? George W. Bush. Bush knew that under these exceptionally dire circumstances, bailouts had to be done. Stimulus had to be done, too, since the economy had frozen up. A third of the stimulus was tax cuts. Once the economy began to revive, Obama offered a $4-trillion debt reduction framework that would have cut $3 to $6 of spending for every $1 in tax hikes. That’s a higher ratio of cuts to hikes than Republican voters, in a Gallup poll, said they preferred. It’s way more conservative than the ratio George H. W. Bush accepted in 1990. In last year’s debt-ceiling talks, Obama offered cuts to Social Security, Medicare, and Medicaid in exchange for revenue that didn’t even come from higher tax rates. Now he’s proposing to lower corporate tax rates, and Republicans are whining that he hacked $716 billion out of Medicare. Some socialist.
Wednesday, November 07, 2012
Monday, November 05, 2012
Flash Fiction Fridays Volume lV
Nice flash fiction story: “Is this the gun you’re going to use?” “Yes but I won’t be doing it, I’m hiring someone” “You could always hire me to do it.” He laughed, “Who would hire a female hitman?” “Well,” she said, sighting along the gun barrel, “Your wife for one.” http://theneumanpost.com/flash-fiction-fridays-volume-lv/
Sunday, November 04, 2012
Saturday, November 03, 2012
Friday, November 02, 2012
Thursday, November 01, 2012
Withdrawal of a Congressional Research Report on Tax Rates Raises Questions
"The truth? You can't handle the truth! We can't profit from the truth!" -- signed, Republican Party Here's part of the report they forced to be hidden: "The results of the analysis suggest that changes over the past 65 years in the top marginal tax rate and the top capital gains tax rate do not appear correlated with economic growth. The reduction in the top tax rates appears to be uncorrelated with saving, investment, and productivity growth. The top tax rates appear to have little or no relation to the size of the economic pie. However, the top tax rate reductions appear to be associated with the increasing concentration of income at the top of the income distribution. As measured by IRS data, the share of income accruing to the top 0.1% of U.S. families increased from 4.2% in 1945 to 12.3% by 2007 before falling to 9.2% due to the 2007-2009 recession. At the same time, the average tax rate paid by the top 0.1% fell from over 50% in 1945 to about 25% in 2009. Tax policy could have a relation to how the economic pie is sliced—lower top tax rates may be associated with greater income disparities."
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