Economy

We Have a Revenue Problem

April 16, 2011
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We Have a Revenue Problem

Take a good look at this graph of declining federal tax rates and pin it to the back of your mind during the upcoming budget/deficit debates. Source: VisualizingEconomics.com I’m not saying we don’t need to be careful about spending, but the line the Republicans are pushing, that we have spending problem, not a revenue problem,…

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President Obama Is Finally Talking Like a Democrat

April 15, 2011
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President Obama Is Finally Talking Like a Democrat

If the President’s actions match his words, there’s hope yet. Finally, finally President Obama has come off the fence in defense of core Democratic values. In his Wednesday (4/13) speech on the budget deficit, he laid out his general plan and didn’t pull any punches in pointing out that the Republican/Paul Ryan plan would make…

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Without Taxes America Will Disappear. Duh.

April 7, 2011
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Without Taxes America Will Disappear. Duh.

If we follow conservative tax cutting mania to its logical extreme, the United States of America will cease to exist. Whoosh, gone. Lights out. Ovva. Without revenue there is no government. Without government, our borders are open to any and all immigrants or invaders. Rule of law stops. Policing – other than walking the perimeter…

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Citing Debt, Japan Suspends Rebuilding from Quake and Tsunami, Implements Austerity

March 27, 2011
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Citing Debt, Japan Suspends Rebuilding from Quake and Tsunami, Implements Austerity

Dateline: GOP Vision 2012 Citing job-killing national debt, currently 225% of GDP, the Japanese Diet voted to suspend all government funded rescue and rebuilding efforts initiated in the wake of the 9.0 quake, devastating tsunami, and catastrophic damage to the Fukushima Daiichi nuclear facility. “We’ve got to put an end to this out-of-control spending. We’re…

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Weiner: Kudos to GOP for Defunding Click & Clack

March 23, 2011
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Weiner: Kudos to GOP for Defunding Click & Clack

The 112th Congress’s Finest 2.5 Minutes Congressman Anthony Weiner of New York offered the GOP kudos for de-funding Click & Clack of NPR. It’s only March, but I’m pretty comfortable that this is the 112th Congress’s finest...

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Toppings For Bill Maher’s Pizza Analogy

March 22, 2011
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Toppings For Bill Maher’s Pizza Analogy

On his HBO show Real Time with Bill Maher (embed below),  Maher was talking about the massive income disparity perpetuated by the American economy. Say 100 Americans get together and order a 100 slice pizza. The pizza arrives, they open the box, and the first guy takes 80 slices…. And if someone suggests, “Why don’t…

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So You Think You’re Getting Screwed?

March 20, 2011
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So You Think You’re Getting Screwed?

Yep, You’re Getting Screwed. NEWSFLASH: If you earn your living in the form of a paycheck, rather than bonus, stock options, dividends and capital gains, America doesn’t work for you. PolicyGrinder.com Notes: Reaganomics took the country in the early 1980′s, has not let go after 30 years of failure. The Economic Policy Institute produced the…

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UNSPEAKABLE: 81% of Americans Would Tax Rich to Cut Deficit

March 19, 2011
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UNSPEAKABLE: 81% of Americans Would Tax Rich to Cut Deficit

When a Feb. 24 NBC/WSJ poll asked Americans to pick the top ways that they would tackle the U.S. deficit, 81% chose to add a surtax on income over $1 million. I repeat: 81% of Republicans, Democrats, tea partiers and independents said, “Tax the Rich.” Folks, you couldn’t get 81% of Americans to agree that…

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Sweden – Socialist Mecca, Beats U.S. In Competitiveness

March 11, 2011
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Sweden – Socialist Mecca, Beats U.S. In Competitiveness

Damn those socialists with their universal health care, unionized labor, spread wealth, and financial regulation, they’re kicking our competitive asses! According to the Word Economic Forum Global Competitiveness Report 2010-2011, Sweden has passed the U.S. in good ol’ red-blooded down-home globalized bidness competition. Other evil socialist regimes that make Glenn Beck’s head explode, like Germany,…

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It’s the FRAUDconomy, Stupid!

March 8, 2011
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It’s the FRAUDconomy, Stupid!

Busting Teachers to Bailout Bankers? [No affiliation with "fraudEconomy dot com," see note at bottom.] Folks, financial fraud caused global real estate bubbles to inflate and burst, which caused worldwide economic collapse, which caused massive unemployment and real estate value collapse, which caused state revenues to collapse, which caused state budget crisis – not teacher…

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