Part 1 of “How The Terrorists Won” dealt with the mental-emotional ways in which we have been losing to terrorists and are simply fueling more terrorism. However, there are also very practical, nuts-and-bolts ways that the terrorists have been successful at weakening the United States — it’s nothing they can do on their own, and […]
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Romney is taking heat yet again, this time for saying he’s written off nearly half of Americans. Because they don’t pay Federal Income Taxes, he says that they are nothing but moochers sucking off the government tit. Update: We’ve got the full Secret Video up here! Watch it (The 47% comments come at 17:00 into […]
Occupy Wall Street’s issues – Economic justice, tax rates and the decline of the middle class – will be THE top issue in 2012
By David Brin In an earlier political posting I pointed out that the top federal income tax rate – for earned income – has seldom been lower than it is right now.. and the rate that Mitt Romney pays on dividends is half of that. Federal taxes, in general, are at one of the lowest points since 1912… suggesting […]
By David Brin To listen to Republicans, you would think we have the most oppressive tax rates ever, with the federal government hogging ever larger portions of the national economy. Ever hear of Orwellian anti-truth? That is where you repeat the exact opposite of the truth and people start believing it. But drop by and look at […]
President Obama is making good on his threat to sunset subsidies for big oil. In the 2011 budget he’s proposing to wipe out tax breaks and incentives to the tune of $36.5 billion dollars. But before you get too excited – that’s over ten years. So it’s really just $3.65 billion per year, less than […]
How many of us now hate the world’s klutziest big oil company? Pollster Rasmussen tells us just how badly BP is doing in the court of public opinion…
When municipalities look to cut costs, some of the first programs that get chopped are green programs. But, is that such a good idea? Municipal green programs can have significant economic benefits in addition to their environmental bona fides.
The stimulus package approved in February contains items aimed at making everyone an environmentalist. Well, let’s say practical environmentalist.
Thanks to the Bush administration, the current US deficit is over $1 trillion (not including the economic stimulus package). Obama plans to cut this deficit in half by 2013. Obama will let Bush’s tax cuts for individuals who make $250,000 or more a year expire in 2010. As far as troop withdrawal from Iraq, Obama estimates this would save about $90 billion a year, although some of this savings may be deferred to increasing troops in Afghanistan.
After another tumultuous day in the market with the worst one-day percentage declines since the crash of 1987, addressing the state of the U.S. Economy was supposed to be foremost for both candidates in an effort to win the votes of undecided and independent voters. Advisers for each candidate said that he would use the final debate to lay out his vision for the country and promote his economic policies while drawing differences with his opponent.
Senator Obama’s response to the dire economic outlook is an “Emergency Economic Plan” that would take from rich oil companies experiencing record profits and give back to the American people in the form of stimulus checks, as well as invest $50 billion in states and infrastructure.