JWBooth
Diamond Member
Rich hell, take everything over $40k per head. That will fix everything.
for about 15 minutes
for about 15 minutes
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Complete...Utter....Total...Bullshit.Robert Reich's academically competent advice led to the economic success of the Clinton Administration and now he's telling us how to best deal with our debt problem.
During the '92 presidential campaign and after, Perot pointed out numerous times that, given the 3-ish% growth rate and revenue taken by the feds under the current taxing and spending structure, the budget was going to balance all by itself in 2002.
Buuba didn't do that...Reich didn't do that....The republican congress didn't do that.
Is that a recent picture of you in your avatar?I didn't inflate and crash a credit/housing bubble either.
Did you?
Yes you did. You voted in the scumbags responsible. The rest of your screed is equally fallacious and absurd. It's the same old liberal pap we've been listening to for 100 years. the rich aren't the reason your a pathetic miserable failure. Only you are responsible for that.
Since I haven't voted for a Republican OR a Democrat in decades, I have less responsibility for the Great Recession than I have for lowering the tax rates on capital gains income that has given the rich a virtual free ride in this country lately.
Do you think 15% is too much for the rich to pay?
everyone bitches about potholes screwing up their cars , get worried about rotted trusses under bridges ,
but pay to fix them ? oh thats expensive .
We already covered that ground and debunked the myth, Crayon Boy.
Maybe we should just stop sending so much frigging money and cut everyones taxes $608 million on Libya so far could have helped a lotWhy We Must Raise Taxes on the Rich
Wednesday 6 April 2011
by: Robert Reich, Robert Reich's Blog
Read the whole article before disputing what Reich is saying:Its tax time. Its also a time when right-wing Republicans are setting the agenda for massive spending cuts that will hurt most Americans.
Heres the truth: The only way America can reduce the long-term budget deficit, maintain vital services, protect Social Security and Medicare, invest more in education and infrastructure, and not raise taxes on the working middle class is by raising taxes on the super rich.
Even if we got rid of corporate welfare subsidies for big oil, big agriculture, and big Pharma even if we cut back on our bloated defense budget it wouldnt be nearly enough.
Why We Must Raise Taxes on the Rich | Truthout
.....And, you folks NEVER THANKED LIL' DUMBYA for it??!!!Here's another one that's perfect for every response: Fuck you.
Now, name just one federal program (remember, Reich is claiming that socialized medicine will make it cheaper) that has come in under projected costs....Just one.
In fact, Medicare costs in excess of ten times (counting for inflation) what it was projected to cost, when that abortion of a program was put into effect.
August 27, 2009
....the 2003 Senate vote on Medicare Part D, the budget-busting prescription drugs for seniors bill that passed the Senate 54-44, even though it wasn't paid for (it adds trillion$ to the deficit over time)."
I was against about 95% of Shrubbie's spending and expansion of bureaucracy in general, and that stupid prescription drug scam in particular, numbnutz.
Try again.
"Some suggest "tax the rich to make up the deficit". As of the end of 2010, the total worth of all American billionaires is $1.3 Trillion. We could take ALL their worth, not just high taxes, but ALL their WORTH; and it wouldn't dent our national debt. It wouldn't even pay this year deficit! And if we did take their money to pay some of this year's deficit, what would we we do next year?"
Federal Budget Spending and the National Debt
100% agreewhat we need to do is stop giving tax breaks for business to take their jobs over seas , tariffs on all imports especially those that are owned by American business .
a fare playing field , but neither party's will do this .
everyone bitches about potholes screwing up their cars , get worried about rotted trusses under bridges ,
but pay to fix them ? oh thats expensive .
That it was on course to balance during the 1992 campaign, waaaaaay before Bubba took office, it's safe to say that neither he nor Reich had much of anything to do with the fact, other than to stand around and take credit for the inevitability.Who or what "set the course for the budget to project out to balance in 2002, you fool?"Bubba's/Reich's taxing policies aren't what set the course for the budget to project out to balance in 2002, you fool....The existing taxing and spending structure was bringing that about as a matter of course, only to have the debt continue to explode after '02.
Reading for comprehension will really improve your communication skills.
The Gipper's Ghost?
Learning to read English will greatly enhance the quality of your "thinking."
btw, did that debt explosion after 2002 have anything to do with cutting taxes on the rich?
Keep swingin' away there, slugger.
"These documents I received were essentially transcripts of personal notes made by a Democratic congressman who was very friendly with Bill Clinton and had conversations with him during the first several months of his first term in 1993. This congressman had attended a luncheon for congressional Democrats with the President and the President had mentioned that he, Bill Clinton, was aware that the economic numbers that the Reagan-Bush Regime had put out were all wrong, particularly when it came to the size of the annual budget deficits and the accumulated national debt.
In fact Clinton admitted that he had no idea of the size of the fraud and malfeasance committed against the American people during the previous 12 years of the Bushonian Cabal.
When Bush left the White House, the last debt numbers published by the Bush Regime was $5.66 trillion, when, in fact, the actual size of the debt was about $14 trillion. In other words, the national debt was about three times the stated numbers.
Clinton got very nervous because one of the things he had done very early in the regime was try to get his people to figure out how much the nation was in debt and what the actual size of the then current budget deficit was. Nobody in the Clinton Administration knew. They knew they were inheriting a federal budget deficit.
The Bush Administration had publicly stated that the federal budget deficit for fiscal 1992 was $360 billion. As it turned out, the fiscal budget deficit for 1992 going into calendar year 1993 was over $700 billion.
It must have been a shock. Clinton thought he was inheriting a $360 billion federal budget deficit when it was in fact twice as much. He thought he was inheriting a nation with a $5.6 trillion debt and it turns out to be a $14 trillion debt.
By April he had learned of the Grand Bushonian Fraud -- how the Bush Cabal denuded the Social Security General Trust Fund and 43 other public trust funds out of $5 trillion and then stuffed them full of worthless non-marketable US Treasury securities. This is the time when Clinton began to talk extensively with Alan Greenspan. He understood that something had to be done because we were virtually in a crisis.
Like most people in Washington, Clinton understood that Ronald Reagan was a figurehead and that it was really the Bush Cabal, which was running things for all of those 12 years. He also understood that the Bush Cabal had perpetrated the greatest fraud ever committed against the American people and that the Bush Cabal had essentially destroyed the economy of the United States - which in fact they had.
The CIA was sending its annual assessment report to the White House directly and not to anybody else. (Later in the 1980s Tommy Rheinhardt the CIA liaison officer to Congress lied extensively about this very same subject matter.)
The White House then would reproduce a whole new CIA report that showed the exact opposite of what was really happening, that the Soviet Union was gaining an economic and military strength at the same time it was falling apart. The Bushonian Cabal then used this as a justification to embark upon a policy of enormous defense buildup and the wasteful expenditure thereunto and the enormous amount of debt necessary to finance said defense buildup."
"Some suggest "tax the rich to make up the deficit". As of the end of 2010, the total worth of all American billionaires is $1.3 Trillion. We could take ALL their worth, not just high taxes, but ALL their WORTH; and it wouldn't dent our national debt. It wouldn't even pay this year deficit! And if we did take their money to pay some of this year's deficit, what would we we do next year?"
Federal Budget Spending and the National Debt
Simple enough:Thank you. Now read the whole blog before disputing what Reich is saying.It's not an 'article', it's a blog.
There's some Phukhole here in Denver on the Radio by the name of David Sirota...
This Bitchlips Claims on a Regular that Rich People and Evil Coporations don't even Pay Taxes...
So Fuck you and Fuck him too.
These are corporations, not people.There's some Phukhole here in Denver on the Radio by the name of David Sirota...
This Bitchlips Claims on a Regular that Rich People and Evil Coporations don't even Pay Taxes...
So Fuck you and Fuck him too.
1) Exxon Mobil made $19 billion in profits in 2009. Exxon not only paid no federal income taxes, it actually received a $156 million rebate from the IRS, according to its SEC filings.
2) Bank of America received a $1.9 billion tax refund from the IRS last year, although it made $4.4 billion in profits and received a bailout from the Federal Reserve and the Treasury Department of nearly $1 trillion.
3) General Electric Over the past five years, GE made $26 billion in profits in the United States but still received a $4.1 billion refund from the IRS.
4) Chevron received a $19 million refund from the IRS last year after it made $10 billion in profits in 2009.
5) Boeing received a $30 billion contract from the Pentagon to build 179 airborne tankers, got a $124 million refund from the IRS last year.
6) Valero Energy the 25th largest company in America with $68 billion in sales last year received a $157 million tax refund check from the IRS and, over the past three years, has received a $134 million tax break from the oil and gas manufacturing tax deduction.
7) Goldman Sachs in 2008 only paid 1.1 percent of its income in taxes even though it earned a profit of $2.3 billion and received an almost $800 billion bailout from the Federal Reserve and U.S. Treasury Department.
8) Citigroup last year made more than $4 billion in profits but paid no federal income taxes. It received a $2.5 trillion bailout from the Federal Reserve and U.S. Treasury.
9) ConocoPhillips the fifth largest oil company in the United States, made $16 billion in profits from 2007 through 2009, but received $451 million in tax breaks through the oil and gas manufacturing deduction.
10) Carnival Cruise Lines Over the past five years, it made more than $11 billion in profits, but its federal income tax rate during those years was just 1.1 percent.