States are in trouble b/c they don't know how to manage their budgets. I live in STL and it took almost a whole summer to complete sidewalk project. How poor is that? I see the truck and the people come by everyday and they do about 5 minutes worth of work thn they leave. I saw one site where they left it dormant for the year. Great Job
I say put his fat ass in jail!, failed to pay pension funds for 13 out of 17 years, they were obligated to pay those, just as anyone is obligated under contract.
"Next it will be a massive police-state build-up to suppress the FINALLY awakening Sheeple who were all asleep when this was in their face developing"
The people have been asleep becuase the NWO have been putting lithium in the drinking water...
obamaCare Mandates States to Greatly Increase Medicaid, so they are All Now in the Process of Spending $Hundreds of Millions$ to set that up, so More State Deficits.
obamie and his Comrades are Following "Rules for Radicals".
@3martijns Right... Commies and Unions. Couldn't have been 700 Billion GIVEN to banks that created this collapse by gambling with billions like drunken blue hairs at a casino. Couldn't have been all the corporate welfare given to the largest corporations care of/paid for by hard working middle class Americans.
@Rotschild1957 Not too many people want to live off the government, because the ultra rich do not want to pay their fair share. The rich do not create jobs, DEMAND creates jobs. If they don't pay people a wage so that they can buy their goods and services, and move jobs overseas, there is no demand.
Stop blaming the poor. It's the rich who are collecting corporate welfare, and not their taxes.
@RocRizzo Playing devils advocate: I think pretty much all taxes are paid by the rich - for the practical reason that little can be raised from the poor. Also is there an issue with the mobility of capital and competition - states all around the world compete for funds. Unusually high taxes on the rich in a state make it difficult to attract funds. Some places are booming right now and attracting huge capital inflows. This makes me think that it is more complex than just hitting up the rich
Again, the media is making excuses for the people who got us into dire straits. Of course, they should cut the overblown retirements for the overpaid executives in the government. There should be oversight against the terrorists in business and the banks.
BUT NO, we are starving and dying while the media is making excuses for the government to PAY the terrorists.
If it hasn't occured to you'll yet, STOP paying for fraud (i.e. "health" ins.). Stop paying Walmart for fraud. Stop paying!!!!!!!
Let's see. The government did not contribute thirteen of the last seventeen years into the pension fund. Well, if I didn't pay my bills with THAT record, I'd be in financial trouble also.
TAX THE CHURCHES MORE AND MORE PEOPLE ARE SAYING THIS AND THE NAKED TRUTH IS THAT THEY ARE INVOLVED WITH POLITICS JUST ASK JIM GARLOW....YES AMPLIFIED BECAUSE IT IS A REAL SOLUTION.
People/Sheeple......Wake Up! Cant you see thru the fog? The US dollar is about to collapse, and if you have savings/401ks, etc. you would be wise to buy as much physical SILVER as you can afford.......SILVER is going to continue to soar in price, especially when Jerk P Morgan has to cover its huge number of naked shorts. Protect yourself......Silver, long term food supply, & "protection" devices. See SGTBULL07 for some amazing videos on this topic.
DONT WORRY...........THEY WILL DO EXACTLY WHAT THEY ALWAYS HAVE DONE BEFORE..............THEY WILL RAISE TAXES AND LET THE PEOPLE CARRY THE WEIGHT OF THEIR DISGUSTING OVER-SPENDING.
Get of the liberal bullcrap. Im conservative and their is a lot of truth to this story. Was it liberal 60 minites that made Reagan's David Stockman admit that the Bush tax cuts should end? DO some of you understand the simple concept of empty and full? States and the federal government are carrying an excessive debt due to years of bad habits and mis-management. There is a lot of blame to go around to all parties. Its time to bear the pain and fix this problem and it may include increased taxes.
"Liberal" CBS is at it again. Perhaps it it time to demand similar wages for all working people and raise taxes on the wealthiest of all, those making seven figures+!
Blame the Universal Postal Union in Berne, Switzerland and the crooks behind it. This is the true enemy who've turned the united states of America into the corporation U.S. (United States/U.S.A/United States of America). No longer is it a nation of land, its now become a shipwreck vessel on the sea of souls under commercial law known as OLERON LAW. You are now a security on the stock exchange and enslaved for the rest of your life in an economic slave prison you just don't see.
I worked many years for CBS-TV News, and I can tell you... the worst is ahead. What you aren't being told is so mind-blowing that few will even listen.
2011-2012, is going to be when global structure goes into a full melt-down. The EURO is on the verge of collapse, as is the EU. I was told by a powerful London Banker that: we are going to bring the world to its knees so we can buy it ALL with worthless fiat money.
This was all planned. The de-industrialization of America is an attack fomented by a ruthless cabal of global bankers/Fascists that instigated a "manufacturing/ brick & mortar collapse" to steal all infrastructure and real estate in America for bargain prices. They are creating a global "New Financial Order" according to Henry Kissinger in 2009.
Next it will be a massive police-state build-up to suppress the FINALLY awakening Sheeple who were all asleep when this was in their face developing.
Save ever damn penny you have RIGHT NOW!!! Close your worthless accounts and clubs. Get rid of your cursid time shares. Buy commodities and precious metals to preserve what you have. Stock of food, cloths, and protection. You have been warned.
In every collapse scenario there are good people publicly warning both the masses and the elite. Each and ever time masses ignore and elite profit when it takes place.
The American people are now going to realize that our entire system is based on lies, fraud, and propaganda that has been promulgated by the controlled mass media and fomented by the Fascist/Corporatist "Disaster Capitalism Complex". As this "The American Nightmare" devolves into a continual cesspool of collapsing myths, we will see a massive rise in draconian police-state measures to protect the elite criminals and the crumbling structure. We will see it all fall by 2011-2012.
The real idiots are the members of the productive class supporting this madness, all the while being scorned as rich bastards who should pay their "fair share". If they would just get off the treadmill, scale back, exit the system, this whole rotten structure would fall of its own weight. Well, it's going to happen anyway, but the Hank Reardens of the world are just prolonging the agony.
And where are the Keynesian economists to tell us that Austrian economics isn't economics.
All these governors are talking about treating the symptoms but the real problem is our debt based system. We always hear from politicians that we need to lower the national debt, but if you buy that, you haven't done your homework. If we paid off the national debt, our debt based monetary system would collapse. We have to take out the banking cartel empowered by government, the Federal Reserve.
Yeah, the bankers can STEAL trillions, they can spend millions DAILY to slaughter people around the world and line their pockets in DC with corporate dollars BUT YOU have to help bail them out. REVOLT!
All they can talk about is how the "public sector" parasites can't get their share of the loot for their "pensions." How disgusting and pathetic. Cut 'em all off, and maybe they'll get real jobs and contribute to society instead of stealing from working people.
When he received an advance copy of the speech, U.S. Defense Secretary Donald Rumsfeld took care to remove any use of the phrase "Mission Accomplished" in the speech itself. Later, when journalist Bob Woodward asked him about his changes to the speech, Rumsfeld responded: "I was in Baghdad, and I was given a draft of that thing to look at. And I just died, and I said my God, it's too conclusive. And I fixed it and sent it back… they fixed the speech, but not the sign."
How dare Steve Croft suggest this disaster "lies at the door of the Governor's mansion including Governor Christie." Christie has been doing the right thing to pull NJ out of this fiscal hole since day 1. Every state needs a Chris Christie as governor. The states in the most trouble are all democratic-run for years and years. Hmmm, shocking that 60 Minutes left that little fact out of this piece.
@DillonDee1 They aren't "getting more". To understand tax breaks work you should view: /watch?v=Xj7nRc3_EG0 or just search "Bar Stool Economics and How Taxes Work ". The whole "tax breaks for the rich" argument is a myth.
@BriansVideoHobby the top 1 percent of taxpayers (who made more than $380,354 apiece) earned 20 percent of America’s Adjusted Gross Income (AGI) in 2008, according to IRS data analyzed by the Tax Foundation. True. They also paid 38 percent of all federal income taxes. The top 5 percent (with incomes exceeding $159,619) earned 34.7 percent of AGI and paid 58.7 percent of taxes.
The AMT was put into effect when it was discovered that although many in the middle class were paying 30-35% in taxes, many of the richest 10% were paying ZERO in income tax.
@DillonDee1 The carrier that Bush landed on had finished its tour and was returning to port. They had accomplished their mission so the officers hung a banner that said “mission accomplished”. It had nothing to do with Bush’s speech.
@zarni000 "Our mission continues...The War on Terror continues, yet it is not endless. We do not know the day of final victory, but we have seen the turning of the tide."
@zarni000 Being that I seem to be the only one on here that is aware that the banner was not his, the speech was not the "mission accomplished" speech, and not only did he not say "mission accomplished" but said the opposite, I may be the only one who isn't brainwashed.
Dude, the banner was made by the White House. They were pretty aware of what was going to be on the banner and Bush made sure the cameras would show the banner. They very well knew what the banner would mean to the public. If Dubbya didn't .... that is too not too surprising considering he seems to have the intellectual ability of a deranged monkey....Rumsfeld redacted out "mission accomplished" from the speech. He forgot to redact the banner though and it stayed.
@zarni000 Why are you so willingly deceitful? The banner was made by the white house at the request of the ship because they were unable to produce it. It had nothing to do with the speech. The speech was not titled "mission accomplished", he never said "mission accomplished" and, in fact, said the opposite. Those are the facts. He later told a group of soldiers that THEY had accomplished their mission in AFGHANISTAN and they had.
well you should listen to something other than just Foxnews..
"It was not his mistake, however, according to CBS News political analyst Dan Bartlett, a former senior advisor to Mr. Bush. Asked this morning by Harry Smith, co-anchor of CBS' The Early Show, who was responsible for the banner – Smith pointed out that both the Navy and former White House Press Secretary Scott McClellan have taken the blame in the past – Bartlett said that it was actually his call."
@zarni000 You need to stop with the Fox news nonsense. I ALWAYS seek the truth from all available sources. You do not. What you are referring to is the decision to allow the banner to be there during the speech NOT the purpose of the banner or who asked for it. The SHIP asked for the banner and the purpose was to congratulate the SHIP for accomplishing its mission. Just be honest. It was confusing, but now it’s just a big lie.
Alright Bartlett is making things up...gimme a break. They let the navy take the blame initially. 5 years later they finally fessed up to it and Dubbya still had an aid take responsibility for it.....please
@zarni000 Bartlett never said the navy didn’t order the banner or that it wasn't to congratulate the ship. He was taking blame for approving it to be there which, was a mistake, because it was confusing. I watched the coverage in full as it unfolded and the news anchors talked about the banner and its purpose at length. I'm searching for original unedited video now as proof. However, even without video, the facts are clear and they have never changed.
@zarni000 I'm the only one telling the truth here. The navy ordered the banner because they had accomplished their mission. The Whitehouse approved it, made it, and hung it for them. The meaning was well known and discussed before the speech. Bush did NOT say mission accomplished and DID say the opposite. Those are the facts. You just don't seek the truth. The important fact would be that Bush was wrong in what he ACTUALLY said, not continuing to perpetuate your lie.
@zarni000 Rumsfield is on record saying he REMOVED mission accomplished from the a draft of the speech further proving that it was never said. They also removed a lot of other things that the speech writers shouldn't have put in there like "the guns are silent". So what? Speech writers don't state policy and they were wrong. Rumsfield was saying the banner should have been removed NOT that they chose to put it there.
@zarni000 "In the course of his labors, Sforza became quite taken with the crew. When they mentioned to the White House aide that they would like to emblazon the stage with a banner reading MISSION ACCOMPLISHED so as to send up a victorious signal to their families and Navy buddies, Sforza loved the spirit of it and was effusive in his pitch to Fleischer, Bartlett, and the others."
You are really depleted in your braincells...you should try to exercise your analytical abilities before you lose them altogether to the Murdoch machine.
It is irrelevant who initiated it. The bottom line is it was endorsed by the White House therefore supported. They well knew the implications of making a speech with "Mission accomplished" in the background. The problem was that they rather miscalculated the bravado...
@zarni000 CAUGHT YOU LIEING AGAIN: "Quite frankly, yours truly was the guy who actually signed off" on posting the banner, Bartlett said, after people on the aircraft carrier approached the White House with the idea. "I regret it to this day, because it did send the wrong message."
That is exactly what I said - White House signed off on it....Try to think before you reply. You seem to have an alternate version of reality in your head.
@zarni000 BUSTED! You took Bartlett’s comments out of context to insinuate that it was Bartlett’s idea. YOUR WORDS "They let the navy take the blame initially. 5 years later they finally fessed up to it and Dubbya still had an aid take responsibility for it.....please". What a loser! Go peddle your lies elsewhere.
Nice try my friend. Initially blame in 2003 was placed solely on the navy. in '08 Bartlett fessed up that he signed off on it.
Again - alternative reality you are living in. This is getting tiresome. You can't even read and comprehend basic things. I am signing off...better things to do.
Bush reiterated a "Mission Accomplished" message to the troops at Camp As Sayliyah on June 5, 2003 — about a month after the aircraft carrier incident: "America sent you on a mission to remove a grave threat and to liberate an oppressed people, and that mission has been accomplished."[12]
@zarni000 How stupid. In your deceitful reference, he was talking to troops in AFGHANISTAN about the AFGHANISTAN war. That has nothing to do with his “end of major combat” speech on a carrier returning from IRAQ about the IRAQ war.
LOL...wow you are a neverending source of entertainment:
When journalist Bob Woodward asked him about his changes to the speech, Rumsfeld responded: "I was in Baghdad, and I was given a draft of that thing to look at. And I just died, and I said my God, it's too conclusive. And I fixed it and sent it back… they fixed the speech, but not the sign."[11]
Lincoln, who put into law the 1st Inheritance Tax. had an answer to those who didn't like it & wanted to put the "job creators" on a pedstal.
"I hold that while man exists it is his duty to improve not only his own condition, but to assist in ameliorating mankind. Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration."
A heavy progressive tax upon a large fortune is in no way such a tax upon thrift or industry as a like would be on a small fortune. No advantage comes either to the country as a whole or the individuals inheriting the money by permitting the transmission in their entirety of the enormous fortunes which would be affected by such a tax; and such a tax would help to preserve a measurable equality of opportunity for the people of the generations growing to manhood
Should any political party attempt to abolish social security, unemployment insurance, and eliminate labor laws and farm programs, you would not hear of that party again in our political history. There is a tiny splinter group, of course, that believes you can do these things. Among them are H. L. Hunt & a few other Texas oil millionaires, and an occasional politician or business man from other areas.Their number is negligible and they are stupid.
Republican President Theodore Roosevelt statement -
"I believe in a graduated income tax on big fortunes, and a graduated inheritance tax on big fortunes and increasing rapidly in amount with the size of the estate.
Republican President Theodore Roosevelt statement -
"I believe in a graduated income tax on big fortunes, and … a graduated inheritance tax on big fortunes and increasing rapidly in amount with the size of the estate.
If you read the writings of our forefathers you can see they favored an American society in which the rich paid about 90% of the costs of running gov't, the middle class paid about 10%, and the poor paid no tax
Today the richest 10% pays around 15-17% of income in tax, thanks in large part to Bush reducing the dividend tax to 15%
The middle class pays around 30-34% of income in taxes.
And the low class pays about 15-17% in tax because so many taxes are now regressive
@DillonDee1 100% BULLSHIT. 1. Our founding fathers never believed that crap. You clearly have not read John Locke or Jefferson writings. 2. The current IRS data is that the top 10% of Americans pay in 2010 50% of all taxes. You are so full of shit it's coming out your ears.
"I set out on this ground which I suppose to be self evident, that the earth belongs in usufruct to the living; that the dead have neither powers nor rights over it. The portion occupied by an individual ceases to be his when himself ceases to be, and reverts to the society
In a letter to Joseph Milligan on April 6, 1816, Thomas Jefferson explicitly suggested that if individuals became so rich that their wealth could influence or challenge government, then their wealth should be decreased upon their death. He wrote, "If the overgrown wealth of an individual be deemed dangerous to the State, the best corrective is the law of equal inheritance to all in equal degree…"
@DillonDee1 Absolute nonsense. Thomas Jefferson was deeply influenced by John Locke and Jefferson has said that the Second Treatise was the most influential document in his philosophy. It you ever read the Second Treatise, which you have not, it is profoundly clear that each individual has absolute right to his property. The essence is "Man has an UNALIENABLE right to his life, liberty and property. Wealth is created by man's work, talent, effort thus his property is part of his right to life
The top 10% now has 80% of the financial wealth of the county and, amazingly, when you factor in ALL taxes - federal, state, & local -- they only pay about 25% of the tax while having 80% of the financial wealth, and even more amazing their effective tax rate when you factor in ALL taxes is only 15-17% of income while many in the middle class pay 30-34% of income in tax when you factor in ALL taxes.
@DillonDee1 1. As of 2010 Federal tax data, the top 10% pay 71% of all taxes. Their average effective rate was 42%. The bottom 50% paid 3% and their effective rate was 0%. The percentage of wealth is none of your business. If two men earn the exact same and one man saves and invest all his life and the other drinks his paycheck away. One man will have 5 or 10 times the wealth. So what? A heart surgeon who spent 15 years in school will earn more then a janitor. Should all be equal comrade :)
@DillonDee1 Another point. Last year my wife and I had a one bump in our income. We paid 35% Fed rate and we live in California we another 10% state tax. We also hit Alternative Minimum Tax which we lost all our deductions(the whole purpose of AMT). Our net effective rate last year 42.8%. I know I wrote the check to the IRS. This does not include property taxes, sales taxes, local taxes, city taxes, assessed county taxes, license taxes and on. You don't know what your are talking about.
@garybsg -- I've put various amts of income in online calculators to see if I could come up w/ a 42.8% state & fed tax rate & couldn't. Give me the amt you made last yr & I'll calculate it because right now it looks like you're lying. Also AMT usually applies when you are paying a low rate for your income so that makes no sense either. Maybe you need a new CPA.
@DillonDee1 hmm maybe my tax attorney is lying too. So which is he lying about the Fed rate or the California tax rate? You seem shocked that people actually pay close to 50% of their income. You are shocked because it doesn't sit well with your phony crap of paying 17% income to the government. You need to go to IRS.gov to end your fantasy.
@garybsg -- yes. you need a new tax atty for he/she is an idiot, or you are lying -- because what you said about the AMT made absolutely no sense.
I suspect you are just a middle-class cubicle-worker who doesn't realize you are only screwing yourself by promoting more tax breaks for the richest 2%.
@DillonDee1 Well you figured it out why did I ever take my finances to a CPA/Tax attorney since you can punch in a few numbers on the internet and understand my whole trust fund, sales transactions and business obligations. In fact, it is so easy that we got an audit scheduled for June with the IRS. Wow I should have gone to you. Why we don't have a massive complicated tax law that takes attorneys and CPA specializing in tax code, no no. Just punch a few numbers in and there you go. Fool.
@garybsg -- I have to conclude you are lying, because you claim you paid 35% of your iearnings as income tax which few ppl even get close to...so the IRS shouldn't be calling you in for an audit, but simply to say thanks!
@DillonDee1 For once I wish your were right but sadly I am being audited. I leave with this from an article out today on "American Thinker" online mag. Go check it out. I will put the quote from the magazine. It will give you a different perspective on the rich and I would assume you are open to different points of views. I'll put it in the next message. Have a good one
@garybsg -- okay, maybe I was too harsh & I can believe you are being audited.
I just bellieve you mistyped when you indicated you paid 42.8% of income in state & federal income tax as that would mean you probably paid a higher rate than 99.9999% of the population.
And it seems unlikely you'd then be audited paying that rate - unless you didn't report some income.
@DillonDee1 being audited for my income level. After a lifetime of hard work, frugality and disciplined investing, we are doing well. No one gave us anything. People are eager to redistribute my wealth but not redistribute my risk, my sweat and work. Our wealth(and all wealth) is an outcome. All outcomes have causes. Our values of hard work, discipline, planning is a cause. To just look at the wealth without looking at the work, the risk and downright suffering to create wealth is unfair.
Why would not reporting mean up to 42.8% Taxation is theft to begin with. To report is to be complicit in this disgusting rape. State + Fed + Sales + Food + Auto + you name it taxes combined passes 42.8%.
Respond to this video... Just think of what your saying that a man who makes 1 million in income will pay 170K in taxes. Please, please, please, please, please tell me how. The rest of America is waiting. Which FASB rule or tax code allows this. I'm waiting. Mindless socialist
If you read the writings of our forefathers you can see they favored an American society in which the rich paid about 90% of the costs of running gov't, the middle class paid about 10%, and the poor paid no tax
Today the richest 10% pays around 15-17% of income in tax, thanks in large part to Bush reducing the dividend tax to 15%
The middle class pays around 30-34% of income in taxes.
And the low class pays about 15-17% in tax because so many taxes are now regressive
Odd how liberals can't make simple observations. The more liberal a state, the more entitlements, the more union supportive, the more debt they are in. Liberal's answer? More of the same! I mean seriously, how stupid can group of people actually get?
12 months into the Civil War Abraham LIncoln realized the shit had hit the fan & the war would not be quickly over & the country couldn't keep borrowing.
He put into effect an Inheritance Tax, Income Tax, & even an Asset Tax -- but structured them so 90% of the tax fell on the richest 10% - he believed the rich should pay the costs because it was mostly boys from the lower & middle classes doing the fighting.
When the Iraq War came along we actually cut the taxes on the rich.
I believe in a graduated income tax on big fortunes, and in another tax which is far more easily collected and far more effective - a graduated inheritance tax on big fortunes...increasing rapidly in amount with the size of the estate.
@DillonDee1 A COMBINED income of $250,000 is far from rich. The only way the liberals can sell this is to demonize the hardest working couples. The bottom half of income earners pay nothing in federal income tax already and many of them actually get paid at tax time. We don't have a tax revenue problem; we have a spending problem.
@DillonDee1 That 700 billion dollar figure tossed around is over a period of 10 years. The Democratic-majority Congress voted yes to spend that much in a bill they didn't even read.
Because of a major redistribution of wealth over the past 10 yrs, the richest 10% of Americans now have 80% of the financial wealth of our country.
The recently passed tax bill will only make it worse & if they those rates are extended I don't think anyone doubts that before long the top 10% will have 95%
Thos Jefferson, Ben Franklin, Tom Paine & John Adams feared that the concentration of wealth into the hands of a few would destroy our country.
@DillonDee1 Ah, the big myth. Rich people make you poor. Please explain, when there is theoretically an infinite amount of wealth, how one person earning more makes another earn less. So, if I grow 5 tomatoes somehow you are being forced to grow only one? I don’t get it.
@DillonDee1 You don't have to grow tomatoes. You can earn money working on the tomato farm, purchase the tomatoes, make tomatoes sauce and sell it. There are NO restrictions on what you can earn except those you place on yourself. Bill Gates, America’s richest man, inherited nothing, is not a college graduate, and started with zero dollars in his garage. Wealth in America lasts only 3 generations on average. It all goes back in the pot.
@BriansVideoHobby No, but if you own 5/6th of the land then I can only use 1/6 for my tomato farming...that was part of the equation you left out when referring to this bogus infinite wealth myth you are so prescribed to. No such thing as infinite wealth, currency maybe, but not wealth.
But we need to also put a more progressive tax rate into effect.
Today, the Walton Family, worth billions, pays a tax rate on income that is less than 1/2 the tax rate of middle income people. Something is bad wrong w/ this picture.
Warren Buffett offered a cash award if someone could show a CEO of a major corporation was paying a higher tax rate than his secretary - award still unclaimed.
@DillonDee1 That's simply not true. You are talking about investment profit. Investments are risks that create jobs. Buffett doesn't include losses of principle in his calculations.
@BriansVideoHobby = Buffett has admitted he only pays a tax rate of 17% of income. I suspect this is because most of his income is from dividends & Bush lowered the tax on them to 15% & also because he pays less than 1% in SS tax.
His Secretary has a max tax rate of about 35% & about 15% of her payroll goes to SS tax
Buffett, 1 of the richest men in the world admits his tax rate shouldn't be 1/2 his secretary's.
@DillonDee1 Of course this is a red herring. Buffett ALREADY paid tax on that money before he RISKED it by investing it. He then pays 15% on those profits. He gets nothing if he looses money. Who will invest in American companies if they are risking losing it all and get raped when they make a profit? If his secretary invests her income, she will have the exact same tax rates. You don't need to explain to me that SS is a rip off, that's obvious.
@DillonDee1 Clinton cut the capital gains rate too. For some reason, no one demonizes him for it.
Buffett is the fifth-largest beneficiary of TARP funds. No wonder he was rooting for it to pass. And the Democratic Congress passed it for him. Apparently Democrats love helping out rich people and bankers.
Our forefathers advised us that we should have a very Progressive Tax Rate.
Today we should put a 90% tax on income over $1 million in 1 year. By setting it at 1 million the super-rich could still spend 25 times as much as the avg American on clothing, food, shelter, & other things before they'd hit that rate.
In fact their tax rate on the first million for many would still be below the avg middle income rate because of the low dividend rate
quite ironic i think, people get what they deserve when they spend wrecklessly. The humorous part is... most people don't know how to survive if they had to,... however some of us can.
wow WE THE PEOPLE HAVE A RIGHT TO STAND UP TO OUR GOVERNMENT WEN NEEDED! THATS WHY GEORGE WASHINTON GAVE US THE 2ND ADMENDMENT TO USE WEN WE NEEDED TO FIGHT OUR GOVERNMENT AGAIN!! NOW IS THE TIME SPREAD THE WORD PREPARE TO FIGHT!! OUR GOVERNMENT HAS GONE TO FAR WITH BIENG PARANOID AND CONTROLLING!! WE MUST GET OUR RIGHTS AND COUNTRY BACK!! its the only way to survive in the future upcoming event........ we must be ready....
You people are arguing Rep vs Dem???!? Like americanjedi77 said... When are you going to wake up??? THEY ARE ALL THE SAME!!! We need to throw them all out!!! We need a few 100 (or 1000) honest people like Ron Paul ... people who can actually think ... to run for office, and then WE NEED TO VOTE THEM INTO OFFICE!!!!! If we don't do that ... we deserve what we get.
We haven't even gotten behind Ron Paul yet ... how about we start with him? Anyone willing to rally for truth?
You people are arguing Rep vs Dem???!? Like americanjedi77 said... When are you going to wake up??? THEY ARE ALL THE SAME!!! We need to throw them all out!!! We need a few 100 (or 1000) people honest people like Ron Paul ... people who can actually think ... to run for office, and then WE NEED TO VOTE THEM INTO OFFICE!!!!! If we don't do that ... we deserve what we get.
You haven't even gotten behind Ron Paul yet ... how about we start with him? Anyone willing to rally for truth?
They just passed the military bill of 765 billion dollars if we have money for the guns. We should have money for housing and for people to for food. If we can spend billions of dollars to kill some farmers in Yemen or Pakistan. We can have some money for schools.
Is everyone commenting on this video a victim of the fear mongers? Whether you know it or not or believe it or not, debt is saving the US and states from collapse. The important thing to do is that as the situation improves to then begin cutting back on spending and tax those who accumulate wealth but give little back.
The sooner the truth is told and acknowledged the better...they have already waited to long and continued the lies especially on the Federal level..in the mean time The Bankers and Wallstreet Criminals continue to sruff Billions in their pockets this entire mess was made possible by Fiat money, fractional Reserve lending and the unconstitutional FEDERAL RES, this type system always ends this way...ends with chaos and total collapse and devastation of societies...and the people blindly wnt along
err. no you are crazy but that is only thing you got right :)
but this is not hard to find out really ...where were you when Bush did the country in with the massive spending on Iraq and got the TARP bill passed just before he bailed???
oh you think that liberals were the only ones who do this? think again. Arizona has been under mostly republican governorship. The only difference between democrats and republicans is republicans borrow like there's no tomorrow and democrats tax. Frankly if you look at it who is more responsible of the two alternatives and who brought us to this mess? Saying cutting taxes is the best way forward especially at this juncture is demagoguery.
@zarni000 First, you are dead wrong about Arizona. Their debt was run up under Janet Napolitano (2003 - 2009). Second, I agree that Republicans are just as bad. I didn't say anything about Democrats or Republicans. States that are dominated by conservatives are by far in a better financial state than those dominated by Liberals. Look at the states in the most trouble and here's what you'll find: Large entitlement programs, high taxes, and strong union support. Those are the facts.
@BriansVideoHobby perhaps you are right about that. but if you look at federal government republicans don't have a better track record of balancing budgets than dems. If we disregard Obama who was handed a rotten hand we can see Clinton - balanced budget, then Dubbya & Reagan higher budget deficits than next highest - LBJ....
And also historically - under democrats stock market performs better than under republicans. that is a fact. All that being said I don't think they are that much bette
@zarni000 Yes, Republicans have a terrible track record on budgets. That's why so many institutionalized Republicans are being replaced by the Tea Party type voters. There is hope for rebuilding the Republican Party but there is none for rebuilding Democrats. Let's not forget Clinton gave us the sub-prime mortgage housing bubble, deregulated derivatives, credit default swaps, Enron, WorldCom, Tyco, and the 9/11 terrorists in flight school. A fair historical accounting would say he failed.
Clinton did better than Dubbya at least. Technically it was not really clinton that gave us the bubble - it was Greenspan. The Fed is pretty independent when it comes to monetary policy. As far as deregulation is concerned that happened mostly during Bush. That's who we owe the BP disaster too as well because they felt that sparing anothe few bucks to ensure there are failsafes would be too much of a dent in their grossly inflated bonuses. 9/11 was staged like pearl harbor.
@zarni000 Look, let me just put it this way, who signed the legislation that deregulated credit default swaps? Who signed the legislation that deregulated mortgage derivatives? Who ordered Fannie Mae and Freddie Mac to make half of their mortgage holdings sub-prime? Who used the CRA to intimidate banks? Clinton. It made him look like a genius until it all collapsed 8 years later. Those are the facts. They are undisputed. Bush contributed, but in a minor way.
He did not veto that legislation that is true. But all those bills came from a republican-led house and senate.
The only legislation that was really spearheaded by Clinton out of the ones you listed was the subprime but It is arguable that they did not know what the ramifications would be. The bottom line is there was a big push to increase home-ownership - it backfired.
Bush on the other backed only legislation favoring the rich.
@zarni000 You see, that's the problem. I can point you to EXACTLY what legislation Clinton signed that led us to this mess and all the liberals have to say is Bush did it. While your facts are wrong on the Republican congress, it's inconsequential as I would take favoring the rich (he didn't) over crashing the economy any time.
they both did it but Bush's administration did it with intent. Clinton's contributed with ineptitude.
Favoring the rich and crashing the economy are actually one and the same thing...that is why the country is bankrupt while the richest 5% of the country made more money in the last 10 years than the whole country made in the whole period until 1980. You can check that one out - real data.
@zarni000 Well, that's a whole bunch of bull. Bush had next to nothing to do with crashing the economy other than failing to identify the repercussions of Clinton's actions and fixing them. ALL of the deregulation that led to the crash happened under Clinton. The whole argument about the "rich" is nonsense. There isn't a finite amount of money. One person becoming rich has ZERO effect on another's ability to do the same. One person’s wealth doesn’t make another poor. It's a myth.
i've found that people calling others opinions "bull" are usually the ignorant ones. Perhaps you have not thought that reducing taxes on the rich like Bush did would effectively create a budget shortfall and cause the treasury to issue more debt - essentially forcing the rest of tax payers to pay for this. It is pretty simple - if you cut taxes on the rich the poor and middle class have to pay for it.
@zarni000@zarni000 The budget short falls had NOTHING to do with the collapse. Our total debt under Bush is a small fraction of what we lost when the sub-prime ponzi scheme collapsed and as a percentage of GDP, was well within global norms. There is only one answer to our current budget problem, massive spending cuts. Increasing taxes on what is mostly small business owners and mostly COMBINED income over $250,000 will, without any doubt, do more harm to the economy.
States are in trouble b/c they don't know how to manage their budgets. I live in STL and it took almost a whole summer to complete sidewalk project. How poor is that? I see the truck and the people come by everyday and they do about 5 minutes worth of work thn they leave. I saw one site where they left it dormant for the year. Great Job
blaaket123 8 months ago
7 months.
hongster76 1 year ago
The Federal Reserve is the problem, they will run the country into the ground.
UNTC321 1 year ago
I say put his fat ass in jail!, failed to pay pension funds for 13 out of 17 years, they were obligated to pay those, just as anyone is obligated under contract.
Vv132164 1 year ago
"Next it will be a massive police-state build-up to suppress the FINALLY awakening Sheeple who were all asleep when this was in their face developing"
The people have been asleep becuase the NWO have been putting lithium in the drinking water...
battlema 1 year ago
All Real Patriots Know how Wimpie the Dimmie Dummie Demmies are - just a Bunch of Commie Liars!!
Communist Party website lists the Same Goals as the Democrats!!!
3martijns 1 year ago
obamaCare Mandates States to Greatly Increase Medicaid, so they are All Now in the Process of Spending $Hundreds of Millions$ to set that up, so More State Deficits.
obamie and his Comrades are Following "Rules for Radicals".
3martijns 1 year ago
If Fed Gov bails out Any state, they Must bail out All.
That will result in Total USA Collapse.
Commies Love It - their Crap Agenda is Greatly Enhanced by All Unions, especially Government ones.
GoodBye America!
3martijns 1 year ago
@3martijns Right... Commies and Unions. Couldn't have been 700 Billion GIVEN to banks that created this collapse by gambling with billions like drunken blue hairs at a casino. Couldn't have been all the corporate welfare given to the largest corporations care of/paid for by hard working middle class Americans.
NeoRocket001 1 year ago
You know why these states have too much debt?? BECAUSE TOO MANY PEOPLE WANT TO LIVE OF THE GOVERNMENT. This is the same in all the West.
Rotschild1957 1 year ago
@Rotschild1957 Not too many people want to live off the government, because the ultra rich do not want to pay their fair share. The rich do not create jobs, DEMAND creates jobs. If they don't pay people a wage so that they can buy their goods and services, and move jobs overseas, there is no demand.
Stop blaming the poor. It's the rich who are collecting corporate welfare, and not their taxes.
RocRizzo 1 year ago
@RocRizzo Playing devils advocate: I think pretty much all taxes are paid by the rich - for the practical reason that little can be raised from the poor. Also is there an issue with the mobility of capital and competition - states all around the world compete for funds. Unusually high taxes on the rich in a state make it difficult to attract funds. Some places are booming right now and attracting huge capital inflows. This makes me think that it is more complex than just hitting up the rich
2plus2make4 1 year ago
Again, the media is making excuses for the people who got us into dire straits. Of course, they should cut the overblown retirements for the overpaid executives in the government. There should be oversight against the terrorists in business and the banks.
BUT NO, we are starving and dying while the media is making excuses for the government to PAY the terrorists.
If it hasn't occured to you'll yet, STOP paying for fraud (i.e. "health" ins.). Stop paying Walmart for fraud. Stop paying!!!!!!!
Mremma14567 1 year ago
Comment removed
lisaspagnoli 1 year ago
All we have to do, is quite spending. Its that simple..
FrankyDaFreak 1 year ago
The United States Of America is officially bankrupt.
aleks8888no 1 year ago
Let's see. The government did not contribute thirteen of the last seventeen years into the pension fund. Well, if I didn't pay my bills with THAT record, I'd be in financial trouble also.
captainchew 1 year ago
TAX THE CHURCHES MORE AND MORE PEOPLE ARE SAYING THIS AND THE NAKED TRUTH IS THAT THEY ARE INVOLVED WITH POLITICS JUST ASK JIM GARLOW....YES AMPLIFIED BECAUSE IT IS A REAL SOLUTION.
Aslanspal 1 year ago
People/Sheeple......Wake Up! Cant you see thru the fog? The US dollar is about to collapse, and if you have savings/401ks, etc. you would be wise to buy as much physical SILVER as you can afford.......SILVER is going to continue to soar in price, especially when Jerk P Morgan has to cover its huge number of naked shorts. Protect yourself......Silver, long term food supply, & "protection" devices. See SGTBULL07 for some amazing videos on this topic.
crazeyspivey 1 year ago
OBUMMA WILL TAKE CARE OF EVERYTHING !!!!! =-/
notpcone 1 year ago
EASY SOLUTION.......................REMOVE ALL POLITICIANS AND THEIR RIDICULOUS SALARIES.
notpcone 1 year ago
DONT WORRY...........THEY WILL DO EXACTLY WHAT THEY ALWAYS HAVE DONE BEFORE..............THEY WILL RAISE TAXES AND LET THE PEOPLE CARRY THE WEIGHT OF THEIR DISGUSTING OVER-SPENDING.
notpcone 1 year ago 2
MADNESS!
Hendo1974 1 year ago
"This time there's no guarantee that Washington will ride tot he rescue." Of course not. They only rescue billionaires.
RentAnEducation 1 year ago
Nothing but Greed and Mismanagement of tax payers dollars..................
Dozerman678 1 year ago
Get of the liberal bullcrap. Im conservative and their is a lot of truth to this story. Was it liberal 60 minites that made Reagan's David Stockman admit that the Bush tax cuts should end? DO some of you understand the simple concept of empty and full? States and the federal government are carrying an excessive debt due to years of bad habits and mis-management. There is a lot of blame to go around to all parties. Its time to bear the pain and fix this problem and it may include increased taxes.
stockjonebills 1 year ago
"Liberal" CBS is at it again. Perhaps it it time to demand similar wages for all working people and raise taxes on the wealthiest of all, those making seven figures+!
MeritisDE 1 year ago
Blame the Universal Postal Union in Berne, Switzerland and the crooks behind it. This is the true enemy who've turned the united states of America into the corporation U.S. (United States/U.S.A/United States of America). No longer is it a nation of land, its now become a shipwreck vessel on the sea of souls under commercial law known as OLERON LAW. You are now a security on the stock exchange and enslaved for the rest of your life in an economic slave prison you just don't see.
anunnaki2006 1 year ago
I worked many years for CBS-TV News, and I can tell you... the worst is ahead. What you aren't being told is so mind-blowing that few will even listen.
2011-2012, is going to be when global structure goes into a full melt-down. The EURO is on the verge of collapse, as is the EU. I was told by a powerful London Banker that: we are going to bring the world to its knees so we can buy it ALL with worthless fiat money.
AffinityNetNews 1 year ago 2
This was all planned. The de-industrialization of America is an attack fomented by a ruthless cabal of global bankers/Fascists that instigated a "manufacturing/ brick & mortar collapse" to steal all infrastructure and real estate in America for bargain prices. They are creating a global "New Financial Order" according to Henry Kissinger in 2009.
Next it will be a massive police-state build-up to suppress the FINALLY awakening Sheeple who were all asleep when this was in their face developing.
AffinityNetNews 1 year ago 13
Save ever damn penny you have RIGHT NOW!!! Close your worthless accounts and clubs. Get rid of your cursid time shares. Buy commodities and precious metals to preserve what you have. Stock of food, cloths, and protection. You have been warned.
Anothercoilgun 1 year ago
And California and Illinois (gun grabber states) deserve every suffrage they get. Damn hypocrites.
Anothercoilgun 1 year ago
I wonder who Arizona's investors are? I bet they are the usual suspects.
Anothercoilgun 1 year ago
In every collapse scenario there are good people publicly warning both the masses and the elite. Each and ever time masses ignore and elite profit when it takes place.
Anothercoilgun 1 year ago
The American people are now going to realize that our entire system is based on lies, fraud, and propaganda that has been promulgated by the controlled mass media and fomented by the Fascist/Corporatist "Disaster Capitalism Complex". As this "The American Nightmare" devolves into a continual cesspool of collapsing myths, we will see a massive rise in draconian police-state measures to protect the elite criminals and the crumbling structure. We will see it all fall by 2011-2012.
AffinityNetNews 1 year ago 3
@AffinityNetNews
Very true. Yet even in the midst of it all many still will be clueless.
Anothercoilgun 1 year ago
The real idiots are the members of the productive class supporting this madness, all the while being scorned as rich bastards who should pay their "fair share". If they would just get off the treadmill, scale back, exit the system, this whole rotten structure would fall of its own weight. Well, it's going to happen anyway, but the Hank Reardens of the world are just prolonging the agony.
j3ox 1 year ago
And where are the Keynesian economists to tell us that Austrian economics isn't economics.
All these governors are talking about treating the symptoms but the real problem is our debt based system. We always hear from politicians that we need to lower the national debt, but if you buy that, you haven't done your homework. If we paid off the national debt, our debt based monetary system would collapse. We have to take out the banking cartel empowered by government, the Federal Reserve.
mdrdrm 1 year ago
"The State is a dead-beat..."
Murray Rothbard must be chortling in his grave at that one...
MabusZero 1 year ago
Yeah, the bankers can STEAL trillions, they can spend millions DAILY to slaughter people around the world and line their pockets in DC with corporate dollars BUT YOU have to help bail them out. REVOLT!
sweettina2 1 year ago 23
@sweettina2 You nailed it.
NeoRocket001 1 year ago
All they can talk about is how the "public sector" parasites can't get their share of the loot for their "pensions." How disgusting and pathetic. Cut 'em all off, and maybe they'll get real jobs and contribute to society instead of stealing from working people.
OgeronimonominoregO 1 year ago
HEY WHEN WAS THIS EPISODE AIRED???
JustinParizisViary 1 year ago
The top 10 percent (with incomes above $113,799) earned 45.8 percent of AGI and paid 69.9 percent of federal income taxes.
garybsg 1 year ago
When he received an advance copy of the speech, U.S. Defense Secretary Donald Rumsfeld took care to remove any use of the phrase "Mission Accomplished" in the speech itself. Later, when journalist Bob Woodward asked him about his changes to the speech, Rumsfeld responded: "I was in Baghdad, and I was given a draft of that thing to look at. And I just died, and I said my God, it's too conclusive. And I fixed it and sent it back… they fixed the speech, but not the sign."
zarni000 1 year ago
How dare Steve Croft suggest this disaster "lies at the door of the Governor's mansion including Governor Christie." Christie has been doing the right thing to pull NJ out of this fiscal hole since day 1. Every state needs a Chris Christie as governor. The states in the most trouble are all democratic-run for years and years. Hmmm, shocking that 60 Minutes left that little fact out of this piece.
Johnnnnyyyyy 1 year ago
@Johnnnnyyyyy I strongly agree w/ Christi that pensions are out of hand in NJ.
But he needs to stop saying that EVERYONE must sacrifice.
It's true the poor will sacrifice because he wants to cut their programs.
And the middle class will sacrifice because they'll have to live on less.
But he's also calling for massive tax cuts on the richest 10% - they're getting more.
DillonDee1 1 year ago 2
@DillonDee1 They aren't "getting more". To understand tax breaks work you should view: /watch?v=Xj7nRc3_EG0 or just search "Bar Stool Economics and How Taxes Work ". The whole "tax breaks for the rich" argument is a myth.
BriansVideoHobby 1 year ago
@BriansVideoHobby the top 1 percent of taxpayers (who made more than $380,354 apiece) earned 20 percent of America’s Adjusted Gross Income (AGI) in 2008, according to IRS data analyzed by the Tax Foundation. True. They also paid 38 percent of all federal income taxes. The top 5 percent (with incomes exceeding $159,619) earned 34.7 percent of AGI and paid 58.7 percent of taxes.
garybsg 1 year ago
@BriansVideoHobby oops it was National Review Online not American Thinker
garybsg 1 year ago
The AMT was put into effect when it was discovered that although many in the middle class were paying 30-35% in taxes, many of the richest 10% were paying ZERO in income tax.
DillonDee1 1 year ago 2
And wasn't there a banner reading "MISSION ACCOMPLISHED"?
DillonDee1 1 year ago
@DillonDee1 The carrier that Bush landed on had finished its tour and was returning to port. They had accomplished their mission so the officers hung a banner that said “mission accomplished”. It had nothing to do with Bush’s speech.
BriansVideoHobby 1 year ago
@BriansVideoHobby
LOL.......
zarni000 1 year ago
@zarni000 "Our mission continues...The War on Terror continues, yet it is not endless. We do not know the day of final victory, but we have seen the turning of the tide."
GWB on the carrier under the carrier's banner.
BriansVideoHobby 1 year ago
@BriansVideoHobby
"turning of tide" lol enough said...dude...go back to watching Foxnews and getting brainwashed.
zarni000 1 year ago
@zarni000 Being that I seem to be the only one on here that is aware that the banner was not his, the speech was not the "mission accomplished" speech, and not only did he not say "mission accomplished" but said the opposite, I may be the only one who isn't brainwashed.
BriansVideoHobby 1 year ago
@BriansVideoHobby
Dude, the banner was made by the White House. They were pretty aware of what was going to be on the banner and Bush made sure the cameras would show the banner. They very well knew what the banner would mean to the public. If Dubbya didn't .... that is too not too surprising considering he seems to have the intellectual ability of a deranged monkey....Rumsfeld redacted out "mission accomplished" from the speech. He forgot to redact the banner though and it stayed.
zarni000 1 year ago
@zarni000 Why are you so willingly deceitful? The banner was made by the white house at the request of the ship because they were unable to produce it. It had nothing to do with the speech. The speech was not titled "mission accomplished", he never said "mission accomplished" and, in fact, said the opposite. Those are the facts. He later told a group of soldiers that THEY had accomplished their mission in AFGHANISTAN and they had.
BriansVideoHobby 1 year ago
@BriansVideoHobby
well you should listen to something other than just Foxnews..
"It was not his mistake, however, according to CBS News political analyst Dan Bartlett, a former senior advisor to Mr. Bush. Asked this morning by Harry Smith, co-anchor of CBS' The Early Show, who was responsible for the banner – Smith pointed out that both the Navy and former White House Press Secretary Scott McClellan have taken the blame in the past – Bartlett said that it was actually his call."
zarni000 1 year ago
@zarni000 You need to stop with the Fox news nonsense. I ALWAYS seek the truth from all available sources. You do not. What you are referring to is the decision to allow the banner to be there during the speech NOT the purpose of the banner or who asked for it. The SHIP asked for the banner and the purpose was to congratulate the SHIP for accomplishing its mission. Just be honest. It was confusing, but now it’s just a big lie.
BriansVideoHobby 1 year ago
@BriansVideoHobby
Alright Bartlett is making things up...gimme a break. They let the navy take the blame initially. 5 years later they finally fessed up to it and Dubbya still had an aid take responsibility for it.....please
zarni000 1 year ago
@zarni000 Bartlett never said the navy didn’t order the banner or that it wasn't to congratulate the ship. He was taking blame for approving it to be there which, was a mistake, because it was confusing. I watched the coverage in full as it unfolded and the news anchors talked about the banner and its purpose at length. I'm searching for original unedited video now as proof. However, even without video, the facts are clear and they have never changed.
BriansVideoHobby 1 year ago
@BriansVideoHobby
You proved how well informed you are though..... reciting lines from the white house from 2003...since then they admitted responsibility....
zarni000 1 year ago
@zarni000 I'm the only one telling the truth here. The navy ordered the banner because they had accomplished their mission. The Whitehouse approved it, made it, and hung it for them. The meaning was well known and discussed before the speech. Bush did NOT say mission accomplished and DID say the opposite. Those are the facts. You just don't seek the truth. The important fact would be that Bush was wrong in what he ACTUALLY said, not continuing to perpetuate your lie.
BriansVideoHobby 1 year ago
@BriansVideoHobby
read below...Rumsfeld is on record....get with it dude. another few years of foxnews and they'll make you think Bush didn't start the war either...
zarni000 1 year ago 2
@zarni000 Rumsfield is on record saying he REMOVED mission accomplished from the a draft of the speech further proving that it was never said. They also removed a lot of other things that the speech writers shouldn't have put in there like "the guns are silent". So what? Speech writers don't state policy and they were wrong. Rumsfield was saying the banner should have been removed NOT that they chose to put it there.
BriansVideoHobby 1 year ago
@BriansVideoHobby
Who said it was ever said?? I don't recall saying that...
focus....this is getting a little boring having to point out basic things like this to you....
zarni000 1 year ago
@zarni000 "In the course of his labors, Sforza became quite taken with the crew. When they mentioned to the White House aide that they would like to emblazon the stage with a banner reading MISSION ACCOMPLISHED so as to send up a victorious signal to their families and Navy buddies, Sforza loved the spirit of it and was effusive in his pitch to Fleischer, Bartlett, and the others."
BriansVideoHobby 1 year ago
@BriansVideoHobby
You are really depleted in your braincells...you should try to exercise your analytical abilities before you lose them altogether to the Murdoch machine.
It is irrelevant who initiated it. The bottom line is it was endorsed by the White House therefore supported. They well knew the implications of making a speech with "Mission accomplished" in the background. The problem was that they rather miscalculated the bravado...
zarni000 1 year ago
@zarni000 CAUGHT YOU LIEING AGAIN: "Quite frankly, yours truly was the guy who actually signed off" on posting the banner, Bartlett said, after people on the aircraft carrier approached the White House with the idea. "I regret it to this day, because it did send the wrong message."
BriansVideoHobby 1 year ago
@BriansVideoHobby
Do you have voices in your head??
That is exactly what I said - White House signed off on it....Try to think before you reply. You seem to have an alternate version of reality in your head.
zarni000 1 year ago
@zarni000 BUSTED! You took Bartlett’s comments out of context to insinuate that it was Bartlett’s idea. YOUR WORDS "They let the navy take the blame initially. 5 years later they finally fessed up to it and Dubbya still had an aid take responsibility for it.....please". What a loser! Go peddle your lies elsewhere.
BriansVideoHobby 1 year ago
@BriansVideoHobby
Nice try my friend. Initially blame in 2003 was placed solely on the navy. in '08 Bartlett fessed up that he signed off on it.
Again - alternative reality you are living in. This is getting tiresome. You can't even read and comprehend basic things. I am signing off...better things to do.
zarni000 1 year ago
@zarni000 HAHAHA! BUSTED AGAIN! PUNKED! HAHAHA!
BriansVideoHobby 1 year ago
@BriansVideoHobby
Bush reiterated a "Mission Accomplished" message to the troops at Camp As Sayliyah on June 5, 2003 — about a month after the aircraft carrier incident: "America sent you on a mission to remove a grave threat and to liberate an oppressed people, and that mission has been accomplished."[12]
zarni000 1 year ago
@zarni000 How stupid. In your deceitful reference, he was talking to troops in AFGHANISTAN about the AFGHANISTAN war. That has nothing to do with his “end of major combat” speech on a carrier returning from IRAQ about the IRAQ war.
BriansVideoHobby 1 year ago
@BriansVideoHobby
LOL...wow you are a neverending source of entertainment:
When journalist Bob Woodward asked him about his changes to the speech, Rumsfeld responded: "I was in Baghdad, and I was given a draft of that thing to look at. And I just died, and I said my God, it's too conclusive. And I fixed it and sent it back… they fixed the speech, but not the sign."[11]
zarni000 1 year ago
@BriansVideoHobby
oh and one more thing
"In the Battle of Iraq, the United States and our allies have prevailed."[10]
- "Mission Accomplished" speech - Dubbya
zarni000 1 year ago
@zarni000 Yes, and he was wrong. That doesn't change the facts.
BriansVideoHobby 1 year ago
Lincoln, who put into law the 1st Inheritance Tax. had an answer to those who didn't like it & wanted to put the "job creators" on a pedstal.
"I hold that while man exists it is his duty to improve not only his own condition, but to assist in ameliorating mankind. Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration."
DillonDee1 1 year ago
GOP Pres Theddy Roosevelt:
A heavy progressive tax upon a large fortune is in no way such a tax upon thrift or industry as a like would be on a small fortune. No advantage comes either to the country as a whole or the individuals inheriting the money by permitting the transmission in their entirety of the enormous fortunes which would be affected by such a tax; and such a tax would help to preserve a measurable equality of opportunity for the people of the generations growing to manhood
DillonDee1 1 year ago
Republican President Eisenhower stated -
Should any political party attempt to abolish social security, unemployment insurance, and eliminate labor laws and farm programs, you would not hear of that party again in our political history. There is a tiny splinter group, of course, that believes you can do these things. Among them are H. L. Hunt & a few other Texas oil millionaires, and an occasional politician or business man from other areas.Their number is negligible and they are stupid.
DillonDee1 1 year ago
This has been flagged as spam show
Republican President Theodore Roosevelt statement -
"I believe in a graduated income tax on big fortunes, and a graduated inheritance tax on big fortunes and increasing rapidly in amount with the size of the estate.
DillonDee1 1 year ago
Republican President Theodore Roosevelt statement -
"I believe in a graduated income tax on big fortunes, and … a graduated inheritance tax on big fortunes and increasing rapidly in amount with the size of the estate.
DillonDee1 1 year ago
If you read the writings of our forefathers you can see they favored an American society in which the rich paid about 90% of the costs of running gov't, the middle class paid about 10%, and the poor paid no tax
Today the richest 10% pays around 15-17% of income in tax, thanks in large part to Bush reducing the dividend tax to 15%
The middle class pays around 30-34% of income in taxes.
And the low class pays about 15-17% in tax because so many taxes are now regressive
DillonDee1 1 year ago
@DillonDee1 100% BULLSHIT. 1. Our founding fathers never believed that crap. You clearly have not read John Locke or Jefferson writings. 2. The current IRS data is that the top 10% of Americans pay in 2010 50% of all taxes. You are so full of shit it's coming out your ears.
garybsg 1 year ago
@garybsg
From Thomas Jefferson:
"I set out on this ground which I suppose to be self evident, that the earth belongs in usufruct to the living; that the dead have neither powers nor rights over it. The portion occupied by an individual ceases to be his when himself ceases to be, and reverts to the society
DillonDee1 1 year ago
@garybsg
In a letter to Joseph Milligan on April 6, 1816, Thomas Jefferson explicitly suggested that if individuals became so rich that their wealth could influence or challenge government, then their wealth should be decreased upon their death. He wrote, "If the overgrown wealth of an individual be deemed dangerous to the State, the best corrective is the law of equal inheritance to all in equal degree…"
DillonDee1 1 year ago
@DillonDee1 Absolute nonsense. Thomas Jefferson was deeply influenced by John Locke and Jefferson has said that the Second Treatise was the most influential document in his philosophy. It you ever read the Second Treatise, which you have not, it is profoundly clear that each individual has absolute right to his property. The essence is "Man has an UNALIENABLE right to his life, liberty and property. Wealth is created by man's work, talent, effort thus his property is part of his right to life
garybsg 1 year ago
@garybsg -- when you get the time read up on Jefferson to get his views on progressive taxation & inheritance.
DillonDee1 1 year ago
@garybsg
The top 10% now has 80% of the financial wealth of the county and, amazingly, when you factor in ALL taxes - federal, state, & local -- they only pay about 25% of the tax while having 80% of the financial wealth, and even more amazing their effective tax rate when you factor in ALL taxes is only 15-17% of income while many in the middle class pay 30-34% of income in tax when you factor in ALL taxes.
DillonDee1 1 year ago
@DillonDee1 1. As of 2010 Federal tax data, the top 10% pay 71% of all taxes. Their average effective rate was 42%. The bottom 50% paid 3% and their effective rate was 0%. The percentage of wealth is none of your business. If two men earn the exact same and one man saves and invest all his life and the other drinks his paycheck away. One man will have 5 or 10 times the wealth. So what? A heart surgeon who spent 15 years in school will earn more then a janitor. Should all be equal comrade :)
garybsg 1 year ago
@garybsg - your figures are way-off, please re-type.
DillonDee1 1 year ago
@DillonDee1 My figures are from the IRS where are you figures from?
garybsg 1 year ago
@DillonDee1 Another point. Last year my wife and I had a one bump in our income. We paid 35% Fed rate and we live in California we another 10% state tax. We also hit Alternative Minimum Tax which we lost all our deductions(the whole purpose of AMT). Our net effective rate last year 42.8%. I know I wrote the check to the IRS. This does not include property taxes, sales taxes, local taxes, city taxes, assessed county taxes, license taxes and on. You don't know what your are talking about.
garybsg 1 year ago
@garybsg -- I've put various amts of income in online calculators to see if I could come up w/ a 42.8% state & fed tax rate & couldn't. Give me the amt you made last yr & I'll calculate it because right now it looks like you're lying. Also AMT usually applies when you are paying a low rate for your income so that makes no sense either. Maybe you need a new CPA.
DillonDee1 1 year ago 2
@DillonDee1 hmm maybe my tax attorney is lying too. So which is he lying about the Fed rate or the California tax rate? You seem shocked that people actually pay close to 50% of their income. You are shocked because it doesn't sit well with your phony crap of paying 17% income to the government. You need to go to IRS.gov to end your fantasy.
garybsg 1 year ago
@garybsg -- yes. you need a new tax atty for he/she is an idiot, or you are lying -- because what you said about the AMT made absolutely no sense.
I suspect you are just a middle-class cubicle-worker who doesn't realize you are only screwing yourself by promoting more tax breaks for the richest 2%.
DillonDee1 1 year ago 2
@DillonDee1 Well you figured it out why did I ever take my finances to a CPA/Tax attorney since you can punch in a few numbers on the internet and understand my whole trust fund, sales transactions and business obligations. In fact, it is so easy that we got an audit scheduled for June with the IRS. Wow I should have gone to you. Why we don't have a massive complicated tax law that takes attorneys and CPA specializing in tax code, no no. Just punch a few numbers in and there you go. Fool.
garybsg 1 year ago
@garybsg -- I have to conclude you are lying, because you claim you paid 35% of your iearnings as income tax which few ppl even get close to...so the IRS shouldn't be calling you in for an audit, but simply to say thanks!
DillonDee1 1 year ago
@DillonDee1 For once I wish your were right but sadly I am being audited. I leave with this from an article out today on "American Thinker" online mag. Go check it out. I will put the quote from the magazine. It will give you a different perspective on the rich and I would assume you are open to different points of views. I'll put it in the next message. Have a good one
garybsg 1 year ago
@garybsg -- okay, maybe I was too harsh & I can believe you are being audited.
I just bellieve you mistyped when you indicated you paid 42.8% of income in state & federal income tax as that would mean you probably paid a higher rate than 99.9999% of the population.
And it seems unlikely you'd then be audited paying that rate - unless you didn't report some income.
DillonDee1 1 year ago
@DillonDee1 being audited for my income level. After a lifetime of hard work, frugality and disciplined investing, we are doing well. No one gave us anything. People are eager to redistribute my wealth but not redistribute my risk, my sweat and work. Our wealth(and all wealth) is an outcome. All outcomes have causes. Our values of hard work, discipline, planning is a cause. To just look at the wealth without looking at the work, the risk and downright suffering to create wealth is unfair.
garybsg 1 year ago
@DillonDee1
Why would not reporting mean up to 42.8% Taxation is theft to begin with. To report is to be complicit in this disgusting rape. State + Fed + Sales + Food + Auto + you name it taxes combined passes 42.8%.
Anothercoilgun 1 year ago
@Anothercoilgun -This is the way it usually works -
The low-class have a 15% Soc Sec Tax & w/ other taxes are paying 16-20% of income in taxes
The middle-class pays the 15% plus a higher income tax + other taxes so they pay 28-36% of income in tax
The upper-class pays less than 1% of income in SS tax & 80% of income in this bracket come from Cap Gains & DIvidends which are taxed at only 15%
This is why many in the bottom 90% are paying a higher % in tax than the richest 10%
DillonDee1 1 year ago
Respond to this video... Just think of what your saying that a man who makes 1 million in income will pay 170K in taxes. Please, please, please, please, please tell me how. The rest of America is waiting. Which FASB rule or tax code allows this. I'm waiting. Mindless socialist
garybsg 1 year ago
If you read the writings of our forefathers you can see they favored an American society in which the rich paid about 90% of the costs of running gov't, the middle class paid about 10%, and the poor paid no tax
Today the richest 10% pays around 15-17% of income in tax, thanks in large part to Bush reducing the dividend tax to 15%
The middle class pays around 30-34% of income in taxes.
And the low class pays about 15-17% in tax because so many taxes are now regressive
INSANE.
DillonDee1 1 year ago
Odd how liberals can't make simple observations. The more liberal a state, the more entitlements, the more union supportive, the more debt they are in. Liberal's answer? More of the same! I mean seriously, how stupid can group of people actually get?
BriansVideoHobby 1 year ago
Cheers for Chris Christie
alc99 1 year ago
12 months into the Civil War Abraham LIncoln realized the shit had hit the fan & the war would not be quickly over & the country couldn't keep borrowing.
He put into effect an Inheritance Tax, Income Tax, & even an Asset Tax -- but structured them so 90% of the tax fell on the richest 10% - he believed the rich should pay the costs because it was mostly boys from the lower & middle classes doing the fighting.
When the Iraq War came along we actually cut the taxes on the rich.
INSANE!
DillonDee1 1 year ago
12 months left before the shit hits the fan.
itubeutude 1 year ago
I believe in a graduated income tax on big fortunes, and in another tax which is far more easily collected and far more effective - a graduated inheritance tax on big fortunes...increasing rapidly in amount with the size of the estate.
-- Republican President Teddy Roosevelt
DillonDee1 1 year ago
@DillonDee1 Thank god he's dead. Raping a family of what they have earned at their darkest hour is just sick.
BriansVideoHobby 1 year ago
By some estimates, if the Republicans are serious about cutting spending, they can shave $50 Billion from the budget.
But this is after giving a $700 Billion dollar tax cut to the richest 2%.
The rich have never had it so good in this country.
THE INSANITY MUST END.
DillonDee1 1 year ago
@DillonDee1 A COMBINED income of $250,000 is far from rich. The only way the liberals can sell this is to demonize the hardest working couples. The bottom half of income earners pay nothing in federal income tax already and many of them actually get paid at tax time. We don't have a tax revenue problem; we have a spending problem.
BriansVideoHobby 1 year ago
@DillonDee1 That 700 billion dollar figure tossed around is over a period of 10 years. The Democratic-majority Congress voted yes to spend that much in a bill they didn't even read.
WesSeid 1 year ago
Why can't people learn to survive on their own?
Why are they looking to take money earned by others?
Why must they be parasites in society?
That's what our forefathers wanted to know.
And that's why you can see that Jefferson, Paine, Franklin & Adams all opposed great wealth being passed from generation.
And the recent changes in Inheritance tax would make our forefathers sick - AND THIS HAPPENED WHILE WE'RE FACING MAJOR DEFICITS.
DillonDee1 1 year ago
Because of a major redistribution of wealth over the past 10 yrs, the richest 10% of Americans now have 80% of the financial wealth of our country.
The recently passed tax bill will only make it worse & if they those rates are extended I don't think anyone doubts that before long the top 10% will have 95%
Thos Jefferson, Ben Franklin, Tom Paine & John Adams feared that the concentration of wealth into the hands of a few would destroy our country.
DillonDee1 1 year ago
@DillonDee1 Ah, the big myth. Rich people make you poor. Please explain, when there is theoretically an infinite amount of wealth, how one person earning more makes another earn less. So, if I grow 5 tomatoes somehow you are being forced to grow only one? I don’t get it.
BriansVideoHobby 1 year ago
@BriansVideoHobby -- if you inherit 500 acres you may grow 50,000 tomatoes, but if I inherit none I may not be able to grow any.
That's one of the reasons our forefathers supported a strong inheritance tax.
DillonDee1 1 year ago
@DillonDee1 You don't have to grow tomatoes. You can earn money working on the tomato farm, purchase the tomatoes, make tomatoes sauce and sell it. There are NO restrictions on what you can earn except those you place on yourself. Bill Gates, America’s richest man, inherited nothing, is not a college graduate, and started with zero dollars in his garage. Wealth in America lasts only 3 generations on average. It all goes back in the pot.
BriansVideoHobby 1 year ago
@BriansVideoHobby No, but if you own 5/6th of the land then I can only use 1/6 for my tomato farming...that was part of the equation you left out when referring to this bogus infinite wealth myth you are so prescribed to. No such thing as infinite wealth, currency maybe, but not wealth.
josepyGDB 1 year ago
Yes, we need to cut unnecessary spending.
But we need to also put a more progressive tax rate into effect.
Today, the Walton Family, worth billions, pays a tax rate on income that is less than 1/2 the tax rate of middle income people. Something is bad wrong w/ this picture.
Warren Buffett offered a cash award if someone could show a CEO of a major corporation was paying a higher tax rate than his secretary - award still unclaimed.
DillonDee1 1 year ago
@DillonDee1 That's simply not true. You are talking about investment profit. Investments are risks that create jobs. Buffett doesn't include losses of principle in his calculations.
BriansVideoHobby 1 year ago
@BriansVideoHobby = Buffett has admitted he only pays a tax rate of 17% of income. I suspect this is because most of his income is from dividends & Bush lowered the tax on them to 15% & also because he pays less than 1% in SS tax.
His Secretary has a max tax rate of about 35% & about 15% of her payroll goes to SS tax
Buffett, 1 of the richest men in the world admits his tax rate shouldn't be 1/2 his secretary's.
DillonDee1 1 year ago
@DillonDee1 Of course this is a red herring. Buffett ALREADY paid tax on that money before he RISKED it by investing it. He then pays 15% on those profits. He gets nothing if he looses money. Who will invest in American companies if they are risking losing it all and get raped when they make a profit? If his secretary invests her income, she will have the exact same tax rates. You don't need to explain to me that SS is a rip off, that's obvious.
BriansVideoHobby 1 year ago
@BriansVideoHobby -- I suspect that most of the wealth in Buffett's estate is Cap Gains which have never been taxed.
DillonDee1 1 year ago
@DillonDee1 Clinton cut the capital gains rate too. For some reason, no one demonizes him for it.
Buffett is the fifth-largest beneficiary of TARP funds. No wonder he was rooting for it to pass. And the Democratic Congress passed it for him. Apparently Democrats love helping out rich people and bankers.
WesSeid 1 year ago
Wake up America!
Our forefathers advised us that we should have a very Progressive Tax Rate.
Today we should put a 90% tax on income over $1 million in 1 year. By setting it at 1 million the super-rich could still spend 25 times as much as the avg American on clothing, food, shelter, & other things before they'd hit that rate.
In fact their tax rate on the first million for many would still be below the avg middle income rate because of the low dividend rate
We've had 90%+ before
DillonDee1 1 year ago
quite ironic i think, people get what they deserve when they spend wrecklessly. The humorous part is... most people don't know how to survive if they had to,... however some of us can.
mrpatience2007 1 year ago
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wow WE THE PEOPLE HAVE A RIGHT TO STAND UP TO OUR GOVERNMENT WEN NEEDED! THATS WHY GEORGE WASHINTON GAVE US THE 2ND ADMENDMENT TO USE WEN WE NEEDED TO FIGHT OUR GOVERNMENT AGAIN!! NOW IS THE TIME SPREAD THE WORD PREPARE TO FIGHT!! OUR GOVERNMENT HAS GONE TO FAR WITH BIENG PARANOID AND CONTROLLING!! WE MUST GET OUR RIGHTS AND COUNTRY BACK!! its the only way to survive in the future upcoming event........ we must be ready....
grandamracer23 1 year ago
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You people are arguing Rep vs Dem???!? Like americanjedi77 said... When are you going to wake up??? THEY ARE ALL THE SAME!!! We need to throw them all out!!! We need a few 100 (or 1000) honest people like Ron Paul ... people who can actually think ... to run for office, and then WE NEED TO VOTE THEM INTO OFFICE!!!!! If we don't do that ... we deserve what we get.
We haven't even gotten behind Ron Paul yet ... how about we start with him? Anyone willing to rally for truth?
bman4400 1 year ago
You people are arguing Rep vs Dem???!? Like americanjedi77 said... When are you going to wake up??? THEY ARE ALL THE SAME!!! We need to throw them all out!!! We need a few 100 (or 1000) people honest people like Ron Paul ... people who can actually think ... to run for office, and then WE NEED TO VOTE THEM INTO OFFICE!!!!! If we don't do that ... we deserve what we get.
You haven't even gotten behind Ron Paul yet ... how about we start with him? Anyone willing to rally for truth?
bman4400 1 year ago
They just passed the military bill of 765 billion dollars if we have money for the guns. We should have money for housing and for people to for food. If we can spend billions of dollars to kill some farmers in Yemen or Pakistan. We can have some money for schools.
EmeterioBetances 1 year ago
What's with that fat cow, "I haven't been compensated for my education."
Who does she think she is? Does she actually think someone owes her a job because she has a DEGREE?
This might be a big problem. There are too many delusional teachers expecting jobs.lol
brian8793 1 year ago
Is everyone commenting on this video a victim of the fear mongers? Whether you know it or not or believe it or not, debt is saving the US and states from collapse. The important thing to do is that as the situation improves to then begin cutting back on spending and tax those who accumulate wealth but give little back.
lizardgizard2002 1 year ago
Let em fail. The states don't generate wealth. They can never get out of a debt by spending more.
hodoprime 1 year ago
Don't worry, Canadian banks did not fail and are buying up US banks and finance companies. Canada will save you.
lizardgizard2002 1 year ago
The sooner the truth is told and acknowledged the better...they have already waited to long and continued the lies especially on the Federal level..in the mean time The Bankers and Wallstreet Criminals continue to sruff Billions in their pockets this entire mess was made possible by Fiat money, fractional Reserve lending and the unconstitutional FEDERAL RES, this type system always ends this way...ends with chaos and total collapse and devastation of societies...and the people blindly wnt along
jonah70757 1 year ago
@americanjedi77 When unions wake up without pensions. That's when.
Writinit 1 year ago
This is going to be ugly...PEOPLE NEED TO FACE REALITY
jonah70757 1 year ago
125million dollars a day for Afghanistan doesn't help either
dopeskies 1 year ago
FINALLY! They are finally reporting on what is really going on! Guess us tea party patriots aren't so crazy after all.
ScrantonTeaParty 1 year ago 2
@ScrantonTeaParty YES! Exactly! And next we need to unite to NOT bail them out. The motto needs to be "go get it from the unions"!
BriansVideoHobby 1 year ago
@ScrantonTeaParty
err. no you are crazy but that is only thing you got right :)
but this is not hard to find out really ...where were you when Bush did the country in with the massive spending on Iraq and got the TARP bill passed just before he bailed???
zarni000 1 year ago
@ScrantonTeaParty LOL Crazy is not the word. I could think of better words.
lizardgizard2002 1 year ago
Are liberals listening? This is all about entitlement spending, high taxes, and massively overpaid union state employees.
BriansVideoHobby 1 year ago
@BriansVideoHobby
oh you think that liberals were the only ones who do this? think again. Arizona has been under mostly republican governorship. The only difference between democrats and republicans is republicans borrow like there's no tomorrow and democrats tax. Frankly if you look at it who is more responsible of the two alternatives and who brought us to this mess? Saying cutting taxes is the best way forward especially at this juncture is demagoguery.
zarni000 1 year ago
@zarni000 republicans or democrats they both destroy the middle class.
BlackThought415 1 year ago
@BlackThought415
screw the middle class. sheep...they deserve it
zarni000 1 year ago
@zarni000 First, you are dead wrong about Arizona. Their debt was run up under Janet Napolitano (2003 - 2009). Second, I agree that Republicans are just as bad. I didn't say anything about Democrats or Republicans. States that are dominated by conservatives are by far in a better financial state than those dominated by Liberals. Look at the states in the most trouble and here's what you'll find: Large entitlement programs, high taxes, and strong union support. Those are the facts.
BriansVideoHobby 1 year ago
Comment removed
zarni000 1 year ago
@BriansVideoHobby perhaps you are right about that. but if you look at federal government republicans don't have a better track record of balancing budgets than dems. If we disregard Obama who was handed a rotten hand we can see Clinton - balanced budget, then Dubbya & Reagan higher budget deficits than next highest - LBJ....
And also historically - under democrats stock market performs better than under republicans. that is a fact. All that being said I don't think they are that much bette
zarni000 1 year ago
@zarni000 Yes, Republicans have a terrible track record on budgets. That's why so many institutionalized Republicans are being replaced by the Tea Party type voters. There is hope for rebuilding the Republican Party but there is none for rebuilding Democrats. Let's not forget Clinton gave us the sub-prime mortgage housing bubble, deregulated derivatives, credit default swaps, Enron, WorldCom, Tyco, and the 9/11 terrorists in flight school. A fair historical accounting would say he failed.
BriansVideoHobby 1 year ago
@BriansVideoHobby
Clinton did better than Dubbya at least. Technically it was not really clinton that gave us the bubble - it was Greenspan. The Fed is pretty independent when it comes to monetary policy. As far as deregulation is concerned that happened mostly during Bush. That's who we owe the BP disaster too as well because they felt that sparing anothe few bucks to ensure there are failsafes would be too much of a dent in their grossly inflated bonuses. 9/11 was staged like pearl harbor.
zarni000 1 year ago
@zarni000 Look, let me just put it this way, who signed the legislation that deregulated credit default swaps? Who signed the legislation that deregulated mortgage derivatives? Who ordered Fannie Mae and Freddie Mac to make half of their mortgage holdings sub-prime? Who used the CRA to intimidate banks? Clinton. It made him look like a genius until it all collapsed 8 years later. Those are the facts. They are undisputed. Bush contributed, but in a minor way.
BriansVideoHobby 1 year ago
@BriansVideoHobby
He did not veto that legislation that is true. But all those bills came from a republican-led house and senate.
The only legislation that was really spearheaded by Clinton out of the ones you listed was the subprime but It is arguable that they did not know what the ramifications would be. The bottom line is there was a big push to increase home-ownership - it backfired.
Bush on the other backed only legislation favoring the rich.
zarni000 1 year ago
@zarni000 You see, that's the problem. I can point you to EXACTLY what legislation Clinton signed that led us to this mess and all the liberals have to say is Bush did it. While your facts are wrong on the Republican congress, it's inconsequential as I would take favoring the rich (he didn't) over crashing the economy any time.
BriansVideoHobby 1 year ago
@BriansVideoHobby
they both did it but Bush's administration did it with intent. Clinton's contributed with ineptitude.
Favoring the rich and crashing the economy are actually one and the same thing...that is why the country is bankrupt while the richest 5% of the country made more money in the last 10 years than the whole country made in the whole period until 1980. You can check that one out - real data.
zarni000 1 year ago 3
@zarni000 Well, that's a whole bunch of bull. Bush had next to nothing to do with crashing the economy other than failing to identify the repercussions of Clinton's actions and fixing them. ALL of the deregulation that led to the crash happened under Clinton. The whole argument about the "rich" is nonsense. There isn't a finite amount of money. One person becoming rich has ZERO effect on another's ability to do the same. One person’s wealth doesn’t make another poor. It's a myth.
BriansVideoHobby 1 year ago
@BriansVideoHobby
i've found that people calling others opinions "bull" are usually the ignorant ones. Perhaps you have not thought that reducing taxes on the rich like Bush did would effectively create a budget shortfall and cause the treasury to issue more debt - essentially forcing the rest of tax payers to pay for this. It is pretty simple - if you cut taxes on the rich the poor and middle class have to pay for it.
zarni000 1 year ago
@zarni000 @zarni000 The budget short falls had NOTHING to do with the collapse. Our total debt under Bush is a small fraction of what we lost when the sub-prime ponzi scheme collapsed and as a percentage of GDP, was well within global norms. There is only one answer to our current budget problem, massive spending cuts. Increasing taxes on what is mostly small business owners and mostly COMBINED income over $250,000 will, without any doubt, do more harm to the economy.