federal deficit hits five year low

[Truthmatters]

why do you call it theft ONLY when refering to the wealthist Americans?

 

[EdwardBaiamonte]

why do you call it theft ONLY when refering to the wealthist Americans?

because top 1% pay 42% of all taxes while bottom 50% pay nothing!!

 

[PredFan]

U.S. economy improving faster than expected, data show - chicagotribune.com

How long is that cool aid going to take to knock you on your ass!

It's half vodka.

 

[georgephillip]

The richest 1% of Americans earned about 9% of US income forty years ago; they currently "earn" nearly 25%. .

So?????????????????????

1) the top 1% now pay 42% of all Federal income tax. No country depends more on the top 1% than the USA


2) if you think gap is too big between top pay and bottom pay do you want to steal from the top and give welfare or help bottom earn more?? Why?

How's the debt level distributed between the rich and the rest of America?
Have you noticed any billionaires sleeping in their cars since the housing bubble burst?
Do you think the rich pay the same percentage of their total income in all forms of taxation as the middle class does?
Why should hedge fund parasites pay 15% on their income while productive labor pays 35%?
How much more of the pie does the richest 1% of Americans deserve?

 

[SteadyMercury]

Welcome my friends!
Welcome to the New Normal.

Lower those expectations and be happy sheep!

Nah, my expectations are about the same. Things are pretty easy for us over the past decade.

I am happy though. Baa, baa.

 

[boedicca]

why do you call it theft ONLY when refering to the wealthist Americans?

Vodka breakfast, lunch and dinner today, hun?

 

[Avorysuds]

The richest 1% of Americans earned about 9% of US income forty years ago; they currently "earn" nearly 25%. .

So?????????????????????

1) the top 1% now pay 42% of all Federal income tax. No country depends more on the top 1% than the USA


2) if you think gap is too big between top pay and bottom pay do you want to steal from the top and give welfare or help bottom earn more?? Why?

How's the debt level distributed between the rich and the rest of America?
Have you noticed any billionaires sleeping in their cars since the housing bubble burst?
Do you think the rich pay the same percentage of their total income in all forms of taxation as the middle class does?
Why should hedge fund parasites pay 15% on their income while productive labor pays 35%?
How much more of the pie does the richest 1% of Americans deserve?

What bothers me about posts like yours is that it assumes the answer is in somehow getting rich politicians (like Obama) to raise taxes significantly on the very people politicians (and Obama) used to help get them in power. Furthermore it assumes that these very politicians (like Obama) that claim to want to raise taxes on the rich ever plan to do it.

Obama gave billions to the rich, the very people you’re talking about in your post. Obama’s closer rich friends have been knocked down to near 0% tax rates under his Presidency.

Obama hurts the economy by threatening to raise taxes, then lowering them for the very rich. This distorts markets. There is a reason Wall Street is setting records while the middle class is shrinking by record levels.

What you have is what things like communism and socialism give you once put into action, vast and incredible corruption and a growing list of broken promises.

 

[jasonnfree]

I hope we finally start getting some traction on this slow and fragile economic recovery,

1) keep in mind that after all these years we could be due for another recession

2) also keep in mind what a recession is:

Econ 101: A recession is the time it takes an economy to recover from government interference.

With a near communist "Interferer in Chief" in the White House it is no surprise at all that we are still barely recovering.

All the more reason for you patriots to take up arms and drive that commie Obama out of the white house. What good are all these guns you right wingers lick suck and drool over if all you do is hit the shooting range on weekends and whine about Obama on message boards? Your country needs saving from the commie in the white house bent on destroying it. Get moving and do the hard thing. Maybe Ted Nugent can lead the first charge.

 

[jasonnfree]

The richest 1% of Americans earned about 9% of US income forty years ago; they currently "earn" nearly 25%. .

So?????????????????????

1) the top 1% now pay 42% of all Federal income tax. No country depends more on the top 1% than the USA


2) if you think gap is too big between top pay and bottom pay do you want to steal from the top and give welfare or help bottom earn more?? Why?

How's the debt level distributed between the rich and the rest of America?
Have you noticed any billionaires sleeping in their cars since the housing bubble burst?
Do you think the rich pay the same percentage of their total income in all forms of taxation as the middle class does?
Why should hedge fund parasites pay 15% on their income while productive labor pays 35%?
How much more of the pie does the richest 1% of Americans deserve?

It's not what the richest 1% deserve. They want it all. What's even crazier is how many working stiff republicans who are probably barely getting by, are all for the filthy rich getting it all, thinking that when they themselves get to be filthy rich by working harder and voting republican, then they themselves will deserve it all too.

 

[jasonnfree]

The richest 1% of Americans earned about 9% of US income forty years ago; they currently "earn" nearly 25%. .

So?????????????????????

1) the top 1% now pay 42% of all Federal income tax. No country depends more on the top 1% than the USA


2) if you think gap is too big between top pay and bottom pay do you want to steal from the top and give welfare or help bottom earn more?? Why?

Their paying so much in income taxes (the super rich) is due to the unequal distribution of wealth in this country which is becoming more and more unequal. The people at the bottom would welcome paying more taxes if they had excess income above the means to keep their heads above water. However, working class wages haven't risen for over thirty years if inflation is taken into account. It won't get any better since the relationship between wages and available jobs (supply and demand) is skewed by outsourcing, more immigration encouraged by politicians both democrat and republican, and of course by vultures like bill gates who is always lobbying congress for most hb 1 visas, people that will work for much less than an American can afford to work for.

 

[georgephillip]

For generations US investors needed a healthy middle class in this country to produce goods and provide services. Over the last four decades American investors have found a much larger middle class in places like China, India, and Brazil, filled with wage slaves willing to work for pennies. Since Republicans AND Democrats depend on the investor class to fund their election campaigns, US workers are being sacrificed on an alter of austerity to insure the richest Americans continue to prosper. One possible solution would call for FLUSHING hundreds of Republicans AND Democrats from DC in a single news cycle.

 

[editec]

why did the Bush SEC hold back the broker rules in GLBact for 8 years?

Because it was the law of the land.

Thanks to whom?

Come on now TM, are you an honest player here or a partisan?

You can do it.

Please idenitify what POTUS AND WHAT PARTY made it impossible to control the mess that DERIVATIVES caused in 2007-2008.

I KNOW you can do it.

You CAN be an honest player.

 

[SteadyMercury]

Over the last four decades American investors have found a much larger middle class in places like China, India, and Brazil, filled with wage slaves willing to work for pennies.

Come on man, China's middle class has only expanded very recently. Most of the people willing to work for pennies that triggered their industrial revolution into a manufacturing powerhouse weren't their middle class, they were the impoverished rural folk migrating to large cities to work.

Since Republicans AND Democrats depend on the investor class to fund their election campaigns, US workers are being sacrificed on an alter of austerity to insure the richest Americans continue to prosper.

US workers are being sacrificed because we as consumers like cheap stuff. The $10 shirt and $20 mp3 player are more important to us than johnny factory worker making a salary that can support a middle class lifestyle.

 

[Truthmatters]

why did the Bush SEC hold back the broker rules in GLBact for 8 years?

Because it was the law of the land.

Thanks to whom?

Come on now TM, are you an honest player here or a partisan?

You can do it.

Please idenitify what POTUS AND WHAT PARTY made it impossible to control the mess that DERIVATIVES caused in 2007-2008.

I KNOW you can do it.

You CAN be an honest player.

The LAW of the land was already decided by the congress.

It included broker rules which the Bush SEC then heldback for 8 long years.


why did they do that?

 

[Truthmatters]

SEC Votes for Final Rules Defining How Banks Can Be Securities Brokers
Eight Years After Passage of the Gramm-Leach-Bliley Act, Key Provisions Will Now Be Implemented
FOR IMMEDIATE RELEASE
2007-190
Washington, D.C., Sept. 19, 2007 - Ending eight years of stalled negotiations and impasse, the Commission today voted to adopt, jointly with the Board of Governors of the Federal Reserve System (Board), new rules that will finally implement the bank broker provisions of the Gramm-Leach-Bliley Act of 1999. The Board will consider these final rules at its Sept. 24, 2007 meeting. The Commission and the Board consulted with and sought the concurrence of the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Office of Thrift Supervision.

 

[Truthmatters]

what was their reasoning in NOT allowing the full law to be implimented for 8 years?

 

[Skull Pilot]

U.S. economy improving faster than expected, data show - chicagotribune.com

Faster than expected?

You mean it only took almost 5 years to start improving ?

Sorry but this is the most anemic recovery in history.

 

[Rat in the Hat]

SEC Votes for Final Rules Defining How Banks Can Be Securities Brokers
Eight Years After Passage of the Gramm-Leach-Bliley Act, Key Provisions Will Now Be Implemented
FOR IMMEDIATE RELEASE
2007-190
Washington, D.C., Sept. 19, 2007 - Ending eight years of stalled negotiations and impasse, the Commission today voted to adopt, jointly with the Board of Governors of the Federal Reserve System (Board), new rules that will finally implement the bank broker provisions of the Gramm-Leach-Bliley Act of 1999. The Board will consider these final rules at its Sept. 24, 2007 meeting. The Commission and the Board consulted with and sought the concurrence of the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Office of Thrift Supervision.

The GLB act was signed into law on November 12, 1999. George W Bush did not take office until January 20, 2001. What kept the Clinton SEC from implementing the rules for 14 months?

Be specific.

 

[Truthmatters]

that was the signing date.

what was the implimentation date?

 

[Truthmatters]

obama bikini chart - Bing Images