
Income growth by income group, 1979-2007. Source: Consider the evidence (http://lanekenworthy.net/).
Let me see if I’ve got this straight:
Here we are in the smoldering ruins of an economy recently wrecked by Wall Street greed, in a country where for 30 years almost all income growth has been concentrated among the richest 1 percent of Americans (See graph to right). Rising populist anger, massive long-term unemployment and record home foreclosures serve as counterpoints to soaring corporate profits, while the Supreme Court rules that corporations are people and can spend limitless amounts of money trying to elect candidates willing to serve their interests.
Meanwhile, the Republican Party defends massive tax breaks for the wealthy while blocking aid to the unemployed, fights bitterly against regulations designed to prevent a repeat of the Wall Street meltdown, blocks legislation that would at least require corporate and special interests to identify themselves when they invest in elections and does all that while proclaiming itself to be the party of the little people.
Do I have that right? Or did somebody slip LSD into my coffee this morning? (Please, let it be the LSD. At least that will wear off eventually.)
342 comments Add your comment
mm
July 27th, 2010
11:08 am
Jay,
And yet the righties will jump on here and defend it. Puzzling or startling?
Matti
July 27th, 2010
11:12 am
Mr. Bookman, why do you hate freedom, God, the troops, hard work, reliable pick-up trucks, the flag, apple pie, and everything good and decent?
Haha! Just kidding, but that’s their response when you list the facts. Tax breaks and deregulation DO work to stimulate the economy — because they SO. Reality is not needed.
TaxPayer
July 27th, 2010
11:12 am
Actually, I think it’s something in the southern water table. Probably put there by BP or Monsanto or… Anyway, Don’t drink the water!
RW-(the original)
July 27th, 2010
11:13 am
Senate 59-41 Democrat
House 253-178 Democrat
Presidency Democrat
and yet they whine…
mm
July 27th, 2010
11:19 am
RW,
And yet the wingnuts abuse the filibuster. And you deliver us your daily dose of drive-by whining.
Lisa Golden
July 27th, 2010
11:21 am
Maddening.
neo-Carlinist
July 27th, 2010
11:29 am
I can only wish I had LSD in my coffee this morning. to paraphrase my lord and savior George Carlin; “think about how dumb the average person is, and realize at least half the population is dumber”. I think the irony wrapped inside the riddle is; why do hardworking, tax-paying Americans continue to embrace a system that (another Carlin quote) “threw them overboard 30 years ago”? And for those keeping score, Obama is no different. The only difference between a Democrat and a Republican is over which side of the boat we are tossed (left or right)
Jefferson
July 27th, 2010
11:29 am
Somebody ain’t puttin’ in their fair share. Its what you have left that counts, not what you pay.
F. Sinkwich
July 27th, 2010
11:30 am
Gee, I’m shocked.
The achievers in our society keep doing what they do to be successful and they keep succeeding!
And conversely, the losers keep doing what they do to be losers, i.e, whine, blame others for their problems, envy success, vote for Obama, etc., and they keep losing!
I suggest there may be a lesson here.
Granny Godzilla
July 27th, 2010
11:31 am
Yes, why are the GOP calling for the biggest single increase to the deficit?
But, please don’t stop…and holler louder…..and make threats to secede….oh please don’t let it stop!
USinUK
July 27th, 2010
11:35 am
“(Please, let it be the LSD. At least that will wear off eventually.)”
if the graph starts talking to you, that’ll answer your question
finn mccool
July 27th, 2010
11:36 am
Shame on conservatives!
Let the “but…but…but…“ Begin
USinUK
July 27th, 2010
11:37 am
“The achievers in our society keep doing what they do to be successful and they keep succeeding!”
yeah. it’s amazing how that happens when the deck is stacked their way.
RW-(the original)
July 27th, 2010
11:37 am
Ah the filibuster. I remember a time way, way, way back in our history—about 2005—that Democrats said the filibuster was the thing that set us apart and made us a great nation. Something about the saucer that cooled the hot drink and all that.
F. Sinkwich
July 27th, 2010
11:38 am
Any particular reason you cut the chart off at 2007, Jay?
Hmmmmmm?
F. Sinkwich
July 27th, 2010
11:39 am
“…it’s amazing how that happens when the deck is stacked their way…”
Thanks for helping me prove my point.
finn mccool
July 27th, 2010
11:40 am
Sinkwich, if the winners keep winning, where are the jobs and why is amerrica in a recession?
If this is what it looks like when the winners are winning…wow!
@@
July 27th, 2010
11:40 am
jay, I’ll get back to you when I see the GOVERNMENT creating jobs instead of saving their own
jobs.
neo-Carlinist
July 27th, 2010
11:41 am
F.Sink, This has nothing to do with “achievers” and “losers”. Were AIG, Bear Sterns, WaMu, and Merrill Lynch “successful”?
Doggone/GA
July 27th, 2010
11:41 am
“Any particular reason you cut the chart off at 2007, Jay?”
It might, just maybe, have something to do with the title of the chart being: “Inequality rising: inflation-adjusted household incomes, 1979-2007″
Ya think?
USinUK
July 27th, 2010
11:43 am
“Thanks for helping me prove my point.”
next thing, you’re going to say that they all pulled themselves up by their own bootstraps and that the “losers” at the bottom of the chart should do the same.
obama's fault
July 27th, 2010
11:44 am
Oh yes, the old lie….tax breaks for the wealthy blah blah blah. Don’t you realize that it is not just tax cuts for the wealthy but for everybody? And if it was tax cuts for just the wealthy, do you really think that they would be the ones paying for their lost income? Nope….it just gets passed on down to the rest of us. Meanwhile, over 50% of the people pay zero income tax. ZERO. And that is fair? And you don’t say a word about. Why?
USinUK
July 27th, 2010
11:44 am
Doggone – “It might, just maybe, have something to do with the title of the chart being: “Inequality rising: inflation-adjusted household incomes, 1979-2007″
not to mention, does he really think that there was a sudden surge in household incomes between 2008 and 2010?
Doggone/GA
July 27th, 2010
11:45 am
“does he really think that there was a sudden surge in household incomes between 2008 and 2010?”
My best guess: yes, he does
finn mccool
July 27th, 2010
11:47 am
Jay, I believe you have some of that “trickle down“ in your cereal.
USinUK
July 27th, 2010
11:47 am
neo-carlin – “Were AIG, Bear Sterns, WaMu, and Merrill Lynch “successful”?”
don’t forget about the 42 Georgia banks
http://www.fdic.gov/bank/individual/failed/banklist.html
joe matarotz
July 27th, 2010
11:47 am
Jay, let’s see if we have this straight. Members of Congress are wealthy people. Members of Congress make the laws and set the policy of this country. Do you honestly believe that Congress would intentionally take it in the neck for the benefit of the rest of the U.S. citizens? In your case, it’s a rhetorical question. As a Democrat, you believe that the Government is looking out for your best interests. That’s why you swoon at the mere mention of Obama the Magnificent.
obama's fault
July 27th, 2010
11:48 am
Finn Mccool,
“Sinkwich, if the winners keep winning, where are the jobs and why is amerrica in a recession?”
Hey why don’t you ask the president and this Congress that question. They are the ones who promised the jobs when they passed the pork-filled stimulus plan that has been a complete failure. no more than 8% unemployment…..please.
JohnnyReb
July 27th, 2010
11:50 am
Capitalism is not perfect, but it has produced the most successful society in history – the USA. The answer, Jay, to your question as to why the public is embracing a flawed Republican party is, the public is not as dumb as some who post here think. The Dems are growing government. Government produces nothing – it just takes from one and gives to another. The Obama agenda is big government – take from one to give to another. Therefore unemployment, etc. The socialist policy failed with the Colonists. Show me a Dem party who can produce successful changes without taking from one to give to another, and I will show you untouchable voting majorities. The Dems have no solutions that are not Social Justice. Tricke up poverty is all they know.
Jay
July 27th, 2010
11:52 am
I didn’t put the chart together, Frank. As the credit points out, it was done by Lane Kenworthy and posted at his Consider the Evidence blog.
As to why Kenworthy ends it in 2007, it’s because that’s the most recent year for which the data are available. When he compiled a similar chart in 2008, it included data through 2005, because at the time THAT was the most recent data available. (http://lanekenworthy.net/2008/03/09/the-best-inequality-graph/)
Is that the answer you were looking for? Somehow I doubt it.
RW-(the original)
July 27th, 2010
11:52 am
F. Sinkwich,
Rather than looking at the timeframe of the chart you ought to look up the guy that created it. This Lane Kenworthy is out there, WAY out there, then again he’s a professor so I guess I’m being somewhat redundant.
USinUK
July 27th, 2010
11:53 am
“Hey why don’t you ask the president and this Congress that question.”
actually, I prefer to ask the companies that showed record profits during Q2 but still aren’t hiring …
… not to mention, the banks that received taxpayer $$$ but still aren’t lending …
but that’s just me.
YMMV
Jefferson
July 27th, 2010
11:53 am
You can’t have a societ of “haves” and “have nots”. The “have not” will TAKE it away if the gap gets too big. Ask Nick what happened in 1917, too big a gap.
USinUK
July 27th, 2010
11:54 am
“Is that the answer you were looking for? Somehow I doubt it.”
nope – you’re all part of that Apocolypso Journolisto Conspiracy!!
Redneck Convert (R--and proud of it)
July 27th, 2010
11:54 am
Well, I don’t know much about the other junk Bookman writes about but us Republicans need a Tax Cut real bad and if we don’t get our Tax Cut we’re going to drive our pickups up there to Washington and lay down on the Congress floor and hold our breath and kick and scream till we get our Tax Cut.
Like I said many times before we’re so Productive they ought to pay us just to live in this country. We could have another Tax Cut if they just put all the lazy 80 year olds to work and made the Welfare Queens go out and get a job and buy some linament for all the people we’re paying Medicaid for now.
Besides, I guess Bookman never heard of Trickle Down. After 30 years we’re still waiting and it’s a-comin’. People will change their mind when they start getting Trickled On. It will start as a little Trickle and pretty soon it will look like Niagra Falls and we’ll be swimming in money. If we can keep the librul Democrats from turning us into a Commie country and just let the Trickle Down work a little more.
Anyhow, it’s time for my beanie-weenies and a big old RC with a moon pie. Have a good p.m. everybody.
Jay
July 27th, 2010
11:55 am
“Meanwhile, over 50% of the people pay zero income tax. ZERO. And that is fair? And you don’t say a word about. Why?”
Maybe because that is a flat-out lie?
finn mccool
July 27th, 2010
11:56 am
Johnny reb, do you have a clue as to how long rome lasted. The us has only 235 years in the books so you might want to rethink your broad historical platitudes.
Scout
July 27th, 2010
11:58 am
Jay:
You have it right and that’s why captialism has made for the greatest country in the world and socialism/communism just doesn’t work.
The more rich the better (and I am not one) because that means a lot of money and jobs are floating around.
I just don’t see what that is so hard to understand? When the rich buy yachts ……….. people have work.
Saul Good
July 27th, 2010
11:58 am
O.F: “Meanwhile, over 50% of the people pay zero income tax. ZERO. And that is fair? And you don’t say a word about. Why?”
Source of THAT propaganda please?
JohnnyReb
July 27th, 2010
11:58 am
Finn, I stated successful, not length.
USinUK
July 27th, 2010
11:59 am
finn – all he knows is that it ended badly …
Doggone/GA
July 27th, 2010
12:00 pm
“When the rich buy yachts ……….. people have work.”
but if the general population stops buying the goods/services that made the rich what they are…then they get less rich, they buy fewer yachts…and fewer people have jobs. Which means even less buying of goods/services.
The “rich” don’t create jobs…BUYERS create jobs.
USinUK
July 27th, 2010
12:01 pm
“The more rich the better (and I am not one) because that means a lot of money and jobs are floating around.”
scout – you’ve evidently missed the point of the graph – which is that there aren’t MORE rich – just that the top 1% have MORE wealth.
Jay
July 27th, 2010
12:01 pm
And @@, the government invented the Internet. How many jobs has that created?
The government built the interstate highway system. How many jobs did that create?
Back in the 1830s, state government in Georgia funded the Western and Atlantic Railroad, which in turn created Atlanta. How many jobs has that created?
Most of the nation’s current railroad system was built thanks to government subsidies. How many jobs has that created? Georgia Power is using billions in gov’t loan guarantees to build two nuclear reactors at Plant Vogtle. How many jobs is that creating? The entire nuclear power industry owes its existence to government research and funding. How many jobs has that created?
The list goes on and on. Go to nations without an effective government: How many businesses do you find there? How much prosperity do you find there?
RW-(the original)
July 27th, 2010
12:01 pm
Not to split too fine a hair here, but do 50% of the people in the US even have an income?
Question Time
July 27th, 2010
12:01 pm
Jau, I’ve asked your compatriot Cynthia this question before and she never seems to be able to get around to answering it, so I’ll ask you. Given all of your knowledge of the world and economics, and throwing all political desires out, what percentage of your income should the federal government be allowed to confiscate and use for government defense, administration, and redistribution?
At last report, 48% of American taxpayers paid NO federal income tax, and bottom HALF pay less than 3% of all taxes. The top 1% (the group you are obviously so envious of) pays over 40% of all income tax collections.
Why don’t we just make the income tax 99% – that will cure you wealth envy as well as solve the budget problem. Whatta say, Jay??
obama's fault
July 27th, 2010
12:03 pm
Jay, Sorry….47%….my bad….. From the AP on April 7th, 2010.
“WASHINGTON (AP) — Tax Day is a dreaded deadline for millions, but for nearly half of U.S. households it’s simply somebody else’s problem.
About 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and exemptions to eliminate their liability. That’s according to projections by the Tax Policy Center, a Washington research organization.”
And still not a word about even 47% of the people paying no taxes. Great job Jay. Way to show some sort of objectivity on it.
finn mccool
July 27th, 2010
12:04 pm
Scouts got the rich man`s back. You go girl!
Saul Good
July 27th, 2010
12:05 pm
Scout: “The more rich the better (and I am not one) because that means a lot of money and jobs are floating around.”
Truth be told…during the last administration the rolls of rich and poor both increased. Those that climbed the ladder and fell off the ladder both came from the middle class…yet WAY more fell off the ladder. Please tell me how “the more rich the better” added to our economy by 2008.
Know what “fuels” a rocking economy? A STRONG middle class. Those who are not afraid to spend…who feel confident about the jobs they have (or getting a new one)… That “wealth” created was phony… all it did was create a whole class of society living in homes they could not afford.
Look back to 1960 or so and beyond…every time we had a GREAT economy..it was when the middle class was doing well. Creating more “rich” through “tax cuts” has never created lasting jobs… in fact…it’s only lost more jobs when banks had to tighten their belts.
Doggone/GA
July 27th, 2010
12:06 pm
“And still not a word about even 47% of the people paying no taxes”
I would say the best way to fix that is to ensure they can earn enough money to be ABLE to pay taxes.
But, mind you, if it was in MY power to do it, I would elimate ALL taxes except for a retail sales tax based on how much is on the bottom of the cash register receipt.
My attitude is that no matter WHO you tax, ultimately it is the retail buyer who payes those taxes.
USinUK
July 27th, 2010
12:06 pm
“Know what “fuels” a rocking economy? A STRONG middle class.”
not to mention a STABLE SOCIETY
StJ
July 27th, 2010
12:07 pm
I think you put the LSD (or whatever your substance of choice) in there on your own.
Del
July 27th, 2010
12:08 pm
“Or did somebody slip LSD into my coffee this morning?”
Nah, just Kool Aid, you need to quit drinking it for it’s effect to wear off.
Bosch
July 27th, 2010
12:08 pm
Rabbit holes and LSD can be fun though — if you hang out with the right kind of rabbits.
And gosh darn you USinUK, you beat me to to the “if the graphs start a talking” bit to Jay.
And if the rabbits start talking to you too, that can be trouble.
Nevermind.
~~~~~~~~~~~~~~~~
Kamchak (and Matti and Scout) — saw the condolences below and thank you.
But Kamchak, one of the comforts I have is that my mom watch some World Cup games with my boys and you should hear the stories they told of watching the games with her. She’d say things like “Did that young man just kick that other young man? That wasn’t nice – Oh, that young man who kicked the other is on our team? Well, I’m sure he didn’t mean to” and “Oh my, that young man is cute — oh what’s that? He’s not on the team we are for? Ok then, he’s not cute at all.” She wasn’t a vuvuzela fan either.
obama's fault
July 27th, 2010
12:09 pm
Doggone, Sounds like you are talking about a flat tax pretty much, and I agree 100%. Eliminate the income tax and just have a consumption tax. It hits everybody that way. Just think about how much easier it would be. No more April 15th, no more hiding behind tax breaks, no more IRS having to perform useless audits…..it would be wonderful..
Bosch
July 27th, 2010
12:10 pm
RW,
“but do 50% of the people in the US even have an income?”
I think it’s more like they have an income, but they make so little they don’t pay taxes — but what do I know – I’m talking to rabbits.
Allen
July 27th, 2010
12:11 pm
What is fair about someone who makes $2M/year paying $700k in taxes while a person making $50K/yr pays $5k in taxes? Nothing at all. That’s why we need a flat tax. Considering the top 5% of earners pay >90% of national “income” taxes, what gripe do the lower 90% (which I’m in) have about how much someone else is paying? That is my biggest complaint about Dem ideology, they want welfare programs for all levels of income b/c they are “compassionate”, yet they DO NOT want to pay for these said programs themselves.
Outhouse GoKart
July 27th, 2010
12:12 pm
Jay, just dont eat the brown acid and you will be fine.
USinUK
July 27th, 2010
12:12 pm
Bosch – 12:08 – your mom should have been doing color commentary for the BBC – it would have at least lessened the pain of watching the dismal England team!
one of the best things about my mom’s wake was us “kids” sitting around telling stories with her friends – we laughed, ohmygod, we laughed. THAT’S what you want to think about – the good times
Saul Good
July 27th, 2010
12:12 pm
OF: “About 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and exemptions to eliminate their liability”
There…THAT explains WHY… sad that more were “downgraded” into no jobs or less paying jobs and added to our poverty level because of past failed policies. THAT DOES explain your post.
Yet YOU said…they pay NO FEDERAL income taxes… those same “newly poor” added to the roles of our poverty class still often pay state taxes…property taxes… sales tax… all the very things that “religious institutions” are exempt from…
Wanna fix a HUGE part of our economy? Tax the very highly profitable religious institutions worth millions… they’re BUSINESSES…. they TAKE in MONEY…they have EMPLOYEES that work for them… yet it’s ALL tax free. Go figure.
Bosch
July 27th, 2010
12:13 pm
“yet they DO NOT want to pay for these said programs themselves.”
Assume wrong much?
AmVet
July 27th, 2010
12:14 pm
The right wing comments so far are so discouraging as to make me wish for some LSD!
Three decades of an ever strengthening plutocracy and they act oblivious. Three decades of rampant and devastating corporate crime and they pretend none of it exists. The attempted corporate destruction of capitalism that culminated in the still-present paroxysms of Sept 2008 and they act as if it were all much ado about nothing.
Business as usual. CEO pay goes up 250% while worker pay goes up 4%. This is to their idiotic Randian minds, quite normal and proper.
Is it truly possible that the rank and file Republican is really that stupid?
I think not. In the deepest recesses of their arguably limited brainpower, even they know what is happening and why. Even they can see who are the real criminals.
BUT, their overriding hatred of all things liberal is even stronger than any slight intellectual honesty they might have. Whether it is in the areas of science, economics, foreign policy or technological progress.
They are to a lockstep apparatchik, spendthrifts, income redistributionists, corporate welfare enablers, war machine bloaters and fiscal liberals And completely irresponsible.
And there is that little matter of lacking any moral courage to speak out against it.
It must be really dark up there.
Doggone/GA
July 27th, 2010
12:14 pm
“Doggone, Sounds like you are talking about a flat tax pretty much, and I agree 100%”
No, not a flat tax. A “flat” tax is inherently unfair as it weighs more heavily on those lower on the economic scale. I would institute a progressive sales tax. Within “spending bands” the more you pay at the time, the higher the tax rate.
Jay
July 27th, 2010
12:14 pm
I’ll be glad to help you out, Question. Since the mid-’50s, federal taxes have accounted for somewhere between 17 and 20 percent of GDP (the peak was 44 percent during WWII). This year, it’s predicted to fall to 14.8 percent, thanks to tax cuts in the stimulus package and the fact that people have fallen out of the upper brackets, among other reasons.
I think that once the economy stabilizes, we can safely nudge that number up to 21 or even 22 percent for a few years until we get this budget deficit under control, then begin to bring it back down into its historic range below 20 percent.
Source: http://www.whitehouse.gov/omb/budget/historicals/ Table 1.2
finn mccool
July 27th, 2010
12:14 pm
Johnny reb, so it doesn’t compute for you that success and longevity of a nation/state are sopmehow connected?
Doggone hits the nail on the head. The middle class is so squeezed we were relying on credit cards to help us get by but now we aren’t using the cards so we aren’t buying except for necessities – gasoline, etc. The capitalists haven’t found a new source of consumers and they won’t until some of the profits swing back to the middle class. I can wait it out…
Ok, time to board. Have fun and keep those rich thieves in line!
USinUK
July 27th, 2010
12:15 pm
“yet they DO NOT want to pay for these said programs themselves”
just so I understand … you’re proposing that we tax the people who live below the poverty level and who are receiving benefits?
Where's My Party?
July 27th, 2010
12:15 pm
“and massive tax breaks for the wealthy”…….SQUIRREL!!!!!!
stands for decibels
July 27th, 2010
12:15 pm
Imagine for a moment that Harry Reid had a spine transplant, and the Senate passed through simple majority vote (using Biden as the tie-breaker if necessary) to eliminate the filibuster, holds and suchlike.
ok, I can’t imagine that either. Never mind.
obama's fault
July 27th, 2010
12:16 pm
US in UK, ““Know what “fuels” a rocking economy? A STRONG middle class.”
Yes, it does….So why does Obama hate the middle class so much that he is allowing Bush tax cuts for them to expire? Why does he hate the middle class so much that he is going to kill it by making everybody pay more for things with his wasteful spending?
JohnnyReb
July 27th, 2010
12:16 pm
Finn and USinUK – you guys remind me of the liberal elite who thinks they know best and a simple grammatical error means someone is dumb. Focus on and defend the issue. The point of my post was the Dems have no solutions for ALL the people. The only thing they know is Robin Hood. Give me one Democrat solution that does not punish achievers?
Joe
July 27th, 2010
12:16 pm
Bookman: “Do I have that right? Or did somebody slip LSD into my coffee this morning? (Please, let it be the LSD. At least that will wear off eventually.)”
The answer to the first question is yes. I can’t speak to the second question.
In truth, conservatives (so-called) don’t believe in smaller government, free markets, or lower taxes. They believe in smaller government where government benefits the poor and bigger government where it benefits the rich (e.g., nuclear subsidies, agricultural subsidies, subsidies for big oil, military industrial complex, prison industrial complex). Conservatives seek lower taxes where taxes are imposed on big business and the wealthiest among us (e.g., eliminating inheritance, dividend, capital gains and corporate income taxes) and raising taxes on the poor and middle class (e.g., regressive forms of taxation such as the FairTax proposal or VAT proposal in Paul Ryan’s “Roadmap”). And conservatives oppose free markets when they oppose enforcing anti-trust laws, common sense regulations to enforce fair competition and transparency, and imposing the cost of externalities on the parties involved in a business transaction.
The agenda of so-called conservatives is clear. Eliminate taxes for big business and the wealthiest among us while decimating protections for consumers, workers, the environment, and yes, investors.
LSD or not, Bookman has it exactly right.
Saul Good
July 27th, 2010
12:16 pm
FLAT TAXERS OF THE WORLD UNITE!
PLEASE one of you…feel free to “school me” and explain how a flat tax will create jobs in THIS economy. Big Business have to pay the SAME flat tax? Or do only individuals (you know…based off the Supreme Court Decision that basically gave corporations “personhood”)…
Kamchak
July 27th, 2010
12:19 pm
Bosch
My mom had joint replacement surgery during the WC and went to a physical therapy center and we also watched some of the WC matches while she was there. I also heard similar comments.
joe
July 27th, 2010
12:19 pm
If you make $30k per year and it is not enough, you do what you need to do to get yourself qualified for a job that pays more. It is called being self reliant. The sooner more people realize the govt isn’t going to help you, the better off you’ll be. Don’t hate the player, hate the game.
Peter
July 27th, 2010
12:19 pm
Hit the nail on the head today……and NO to the LSD…….. Just came out today…Harley Davidson, made great profits as they cut employees……. and they expect to cut a few thousand more.
Corporations are not hiring…..they are firing now…….. and the Bush tax cuts have zero to do with it.
Corporations are making more profits, and the labor folks are working harder and longer than ever before…..why ?
SO they don’t get fired !
USinUK
July 27th, 2010
12:19 pm
“The point of my post was the Dems have no solutions for ALL the people. The only thing they know is Robin Hood. Give me one Democrat solution that does not punish achievers?”
you do realize that a fair number of the “achievers” (particularly in the investment banks) were the ones who got us into the pickle in which we currently find ourselves, don’t you.
and for you and obama’s fault – a quarter of a million dollars is NOT “middle class”
TaxPayer
July 27th, 2010
12:19 pm
Those darned unemployed! When are they going to start paying their fair share of the income taxes. And poor people! What is wrong with the poor people in the US. Why don’t they pay taxes. Why do the rich have to pick up the tab for those worthless poor people. Why can’t charities take care of them. Give the rich a decent tax cut and watch our economy grow. The trickle down will be so powerful, folks will be washed away by it. But we cannot get there until the rich pay less and the poor give more. Everyone knows that.
Bosch
July 27th, 2010
12:20 pm
USinUK,
Oh, my mom would have been FABULOUS at that.
I hate to say this, but I used to dread my mom coming to my kids’ soccer games because she would sit there and ask questions and then start talking about random things like “is that a bluebird in that tree over there? Well, I do believe it is — did you know that bluebirds…..blah, blah” and I would have to do the whole “MOTHER! The game, focus” and it would drive me crazy. But I do remember once her saying, “If that guy kicks my grandson again like that, I will lose my manners.”
Doggone/GA
July 27th, 2010
12:20 pm
“What is fair about someone who makes $2M/year paying $700k in taxes while a person making $50K/yr pays $5k in taxes? Nothing at all”
It is inherently UNFAIR. Look at it this way: which is less fair: someone who makes $15,000 a year only having $10,500 after taxes (rounded to 30%) or someone who makes $700,000 “only” having $490,000? (rounded to 30%)
There’s a HUGE difference in the impact of a flat tax on those low on the economic scale, and those higher up the scale.
USinUK
July 27th, 2010
12:20 pm
and with that … I’m off to catch the 5:45 … have a good night!
Jefferson
July 27th, 2010
12:20 pm
Ability to pay is the system. Always been like that, greed was not so much when income taxes 1st started.
Peter
July 27th, 2010
12:20 pm
Hey Joe…… you got it correct !
stands for decibels
July 27th, 2010
12:21 pm
Give me one Democrat solution that does not punish achievers?
Given that your side idiotically equates rational tax rates and corporate accountability with “punishing achievers,” sorry. I can’t.
RW-(the original)
July 27th, 2010
12:21 pm
I think it’s more like they have an income, but they make so little they don’t pay taxes
Bosch,
The hair, or hare for those of you talking to rabbits, I’m splitting is that the original statement referred to “people” not “working people” and I shouldn’t have muddied the water with my snark because it’s a valid point Sinkwich is making.
bleary
July 27th, 2010
12:22 pm
Go ahead and let the tax cuts expire. I don’t hear anyone suggest that the tax cuts created lots of jobs and lots of growth while G.W. Bush was President. He cut taxes on incomes, dividends and estates. When he left office unemployment was higher, the deficit was higher, and we had a financial system meltdown. What good did the tax cuts do?
Outhouse GoKart
July 27th, 2010
12:23 pm
And all you burger-flippers, waitstaff, convenience store clerks, pine straw placement engineers, sandwich construction superintendents, babysitters, CSRs wakeup. These are “starter” jobs and you will never make the $50K you feel you deserve. Stop smoking the pot and get movtivated. The pot will still be there later.
“I was gonna get a job
but then I got high”
Bosch
July 27th, 2010
12:24 pm
RW,
Well then, maybe I should stop talking to rabbits and go back and read what Sinkwich wrote, huh?
ATF
July 27th, 2010
12:24 pm
Ahhhh. Jay. Bless your heart.
There you go again confusing folks with facts and logic.
Saul Good
July 27th, 2010
12:25 pm
JohnnyReb: “liberal elite”
Please friend! Get with the times! Just yesterday I was told how we’re now all “progressives” and NOT “liberals” or “elites” any longer. Well that… and according to my new “friend” here on jay’s blog “Fred”…we democrats are to be identified as: ” old depends wearing wind bags”…. I still think that has a catchy ring to it!
Outhouse GoKart
July 27th, 2010
12:25 pm
Sounds like a room of bratty little 4 years olds or a convention of HildaBeast fans…
“Mommy, its not fair…waaahhhh…wwwahhhhh, Mommy, but mommy…waahh!!!”
Jay
July 27th, 2010
12:25 pm
Obama’s Fault, here’s how the TPC arrives at that number:
“The consequence of turning the tax code into a tool for social policy is that we now have a record 52 million filers off the income tax rolls. This means 36 percent of all so-called taxpayers actually pay zero in income taxes after taking their credits and deductions. But these figures don’t include some 15 million people who work but don’t earn enough to file a tax return. When these people are added to the non-payers, estimates the Tax Policy Center, the percentage of households who don’t pay income taxes rises to 47 percent.”
Those who don’t earn enough to file a tax return earn less than $5,400 a year. In other words, most of them are just high school or college kids with parttime jobs, but in order to gin up its numbers, the TPC pretends those people are “households.”
Right. Try to maintain a household on less than $5,400 a year. Like I said, it’s a lie.
JohnnyReb
July 27th, 2010
12:25 pm
USinUK – again, you post no solution, just complaint of those evil bankers. The Dems and Obama are not wizards, they can’t roll back history. They can’t produce a solution either just as you can’t find one credible thing they have put forward that does not punish one while helping another.
Swami Dave
July 27th, 2010
12:25 pm
“Meanwhile, the Republican Party defends massive tax breaks for the wealthy while blocking aid to the unemployed, fights bitterly against regulations designed to prevent a repeat of the Wall Street meltdown, blocks legislation that would at least require corporate and special interests to identify themselves when they invest in elections and does all that while proclaiming itself to be the party of the little people.”
Well, tax breaks should go to those who pay taxes in proportion to what they pay. When the “top 5%” are the ones who pay the lions share, then the benefits of tax relief would go to them. Otherwise, it is called theft that confiscates that which is earned to fund benefits and transfer payments to those who don’t.
As for unemployment benefits, perpetual extension is asinine when both the country and individuals would be better off with those receiving the benefits actually working instead of living off the confiscated earnings of others. In the same vein, the money that keeps getting “extended” to these benefits would be much better targeted to promoting economic / business growth among America’s employers (small & medium sized businesses – those “evil top 5%’ers”).
So long as the “financial reform” did nothing to address the entities that were at the crux of the financial meltdown (Freddie & Fannie) and perpetuated the continued cover offered to those entities by Congressional Democrats, it deserved opposition. REAL financial reform should have taken the form would have reinstituted historical underwriting guidelines and taken action to get the current glut of unproductive assets back to profitable use.
So long as Democrats decide to exempt some entities like the NRA & Union from the campaign finance “reform”, there is no reason to support it. A REAL reform would be to require publication of all contributions from all parties within seven days with no limits whatsoever. In that fashion, the American people would know who the political prostitutes are and whom their johns happen to be! However, so long as we tax corporate entities, it should be no surprise that those entities act to promote legislation and regulation in their best interests & those of their shareholders.
Bottom line, Jay – PrezBO and his merry band of Congressional collectivists deserve every measure of the opposition that they face. At the point that they quit confiscating what America’s producers and achievers earn & stop trying to equalize outcomes that result from non-equal effort, then they will have earned support. Until that time, their agenda must be defeated.
Truth, History, and Common Sense Refute Liberalism; Freedom works every time it is tried – It works when you do!
-SD
Saul Good
July 27th, 2010
12:26 pm
bleary: “What good did the tax cuts do?”
It made his friends richer… you know…the very one’s who never “hired” anyone and kept those savings to themselves.
NICE!
booger
July 27th, 2010
12:26 pm
Jay,
When did repubs.claim to be the party of the little people. Maybe the party of productive people, or the party of jobs rather than handouts……..but never party of the little people.
joe
July 27th, 2010
12:27 pm
Joe with a capital J is an elitist lets turn our country into France blame everyone but myself let our biggest federal government ever raise my kids, give me entitlements, housing, healthcare and a federal job and make every decision for me because I’m not smart enough to succeed in our capitalist system whiner. Simple as that. Get a life by making one for you and teach your brethren to do the same, not stand on the highway off ramp with your hand held out waiting for those with initiative and self reliance to give me some money…or at least raise taxes for the same result.
Jefferson
July 27th, 2010
12:27 pm
OGK, just look down on those “starter jobs”, some of those folks do hard honest work and deserve a fair wage. Your attitude is showing.
TaxPayer
July 27th, 2010
12:28 pm
How come there are so many older people working those “starter” jobs.
RW-(the original)
July 27th, 2010
12:28 pm
Bosch,
No point in your reading it because your only response would be whatever talking point the left is spreading and there’s much more entertainment value in talking to rabbits. Gotta run, but sorry to hear about your Mom. Stay strong and help the rest of the family through, you never know who might look to be coping the best but really need the most help.
Later Y’all
booger
July 27th, 2010
12:28 pm
Jay,
You failed to point out that many of those who do not pay taxes also recieve a welfare payment.
Bosch
July 27th, 2010
12:28 pm
When are wingnuts going to realize that it’s not about what’s fair and unfair?
TaxPayer
July 27th, 2010
12:29 pm
Republican party is the party of jobs! Just move to Georgia and see for yourself!
finn mccool
July 27th, 2010
12:30 pm
http://www.conservativenannystate.com
larry
July 27th, 2010
12:30 pm
Speaking for my self…………………………..Bush tax cut $1.26 per week
……………………………Obama’s tax cut $9.40 per week.
Bush’s tax cuts were across the board and Obama’s were targeted to the 95%of the people who make up the MIDDLE CLASS.
Jay
July 27th, 2010
12:30 pm
They do, booger?
Cite your source for that statement.
stands for decibels
July 27th, 2010
12:31 pm
Mommy, its not fair…
Shall I remind you of the name of that tax scheme favored by Libertarians across the fruited plain? That we invariably hear about any time Jay mentions fiscal policy? The scheme popularized by Neal Boortz and rumored to not only fix all economic ills, but to cure the heartbreak of psoriasis as well?
Here’s a hint: It rhymes with “Square Backs…”
Saul Good
July 27th, 2010
12:33 pm
Booger…know what? Depending upon income for the year… those collecting unemployment STILL have to pay taxes on what they collected.
http://www.irs.gov/taxtopics/tc418.html
Topic 418 – Unemployment Compensation
“Unemployment compensation is includible in gross income. You must report unemployment compensation on line 19 of Form 1040, line 13 of Form 1040A, or line 3 of Form 1040EZ. However, for 2009, the first $2,400 of unemployment compensation is excluded from income and should be excluded from the amount reported on your tax return.”
itpdude
July 27th, 2010
12:34 pm
Jay, these so-called Republicans who know economics (so they claim; they likely didn’t get past Macro-Econ in college if they even got that far) are too stupid to realize economic data is not instant. You point out that the graph stops at 2007 because that’s the last year of completed data, which anyone who’s done formal study of economics knows.
It exhibits the raw ignorance of the Republicans today.
Jay
July 27th, 2010
12:34 pm
A number of those who don’t pay taxes DO receive the earned income tax credit, which used to be a conservative idea to reward and incentivize work and which George W. Bush and Ronald Reagan expanded considerably.
Today, of course, it is denounced as a commie plot to aid the “takers.”
booger
July 27th, 2010
12:34 pm
Meanwhile in the gulf, cleaning crews are frantically looking for some oil to clean up. I think the media may have over hyped the spill a bit.
JohnnyReb
July 27th, 2010
12:35 pm
Saul, I do my share of wind blowing here. There is a difference between wind blowing and attempting to belittle others. I may not have THE answer, but I can recognize the “dodge.” There are a high number here, mostly on the left, who have put themselves above others and instead of debating someone with a credible comeback, they chose to attempt to belittle the opposition. That smacks of the liberal elite whether that blogger actually has that status or not. And BTW, only Barnes is an old depends wearing wind bag, and that is one reason he will lose in Nov.
booger
July 27th, 2010
12:36 pm
I don’t care who did it, earned income credits are welfare pure and simple.
stands for decibels
July 27th, 2010
12:36 pm
Today, of course, it is denounced as a commie plot to aid the “takers.”
See also:
Cap and Trade
Private Insurance Mandates.
Saul Good
July 27th, 2010
12:39 pm
Jay…here’s a full “list” of what IS and IS NOT taxable with regards to the IRS:
(it’s lengthy…but complete)
http://www.irs.gov/publications/p525/ar02.html#en_US_publink1000229464
@@
July 27th, 2010
12:39 pm
Your post adds one too many pithy people to my day, jay. First the lady at the grocery store and now you?
First off, the military put the internet into practical application. You’ll never see me complain about the military. They’re the only thing that operates efficiently within our government. Just ask Sean Penn.
Ah yes!!!! Government’s New Deal….unsustainable debt. It’s HUGE!
Ineffective governments? Would that be like Hugo’s social utopia? The U.K.’s, NHS, which, by the way, is about to undergo a massive restructuring that will bring massive job losses. They just can’t seem to get it right.
Those kinda ineffective governments…errrrr programs?
Saul Good
July 27th, 2010
12:40 pm
booger: “I don’t care who did it, earned income credits are welfare pure and simple.”
What do you call Medicare or Social Security? Are those “welfare” as well?
TaxPayer
July 27th, 2010
12:42 pm
That oil didn’t really spill and end up all over the beaches and the marshes and in the Gulf. At least that’s booger’s apparent take on the spill. Well, we are talking about rabbit holes.
Paulo977
July 27th, 2010
12:43 pm
WOW AmVet @ 12:14 pm ..well well put Really really really dark up there!!
TaxPayer
July 27th, 2010
12:43 pm
The DoD operates efficiently! And on only one trillion dollars annually. Rabbit holes are popping up all over the place.
Saul Good
July 27th, 2010
12:43 pm
@@: “Ah yes!!!! Government’s New Deal….unsustainable debt. It’s HUGE!”
Tell that to all that finally got electricity delivered to their homes…well that and JOBS as well. How many jobs did it create? Let’s simply look at the TVA down here in the South.Seems to me that the South was a big benefactor of the New Deal.
Fly-On-The-Wall
July 27th, 2010
12:46 pm
Joe – to your comment at 12:19, I hate the player just as much as the game since the ‘player’ is the corporation who has a whole lot more money then I do to influence (i.e. BUY) the government into submission.
Conservatives seem to miss the point that AmVet always talks about. Both side do this, both are just as guilty. Hold all of them accountable, not just Democrats.
Saul Good
July 27th, 2010
12:47 pm
Taxpayer…as I stated earlier…the DOD became the “Department of OFFENSE” during the last administration. DEFENSE meant keeping us safe from terrorist attacks. So when that failed…it became the Dept. of OFFENSE to go spend the majority of it’s funds going after those who never attacked us in the first place.
@@
July 27th, 2010
12:47 pm
Oh, and jay?
My response to you should not be confused with pithy as in “tersely cogent” but rather as pithed as in pi$$ed, you pithant.
Smiley face! All is well.
Normal
July 27th, 2010
12:48 pm
To all the Obama/Federal Government haters out there who offer insults,
name calling, and nothing more…you know who you are…the I have no solution, no clue group…a quote for you.
When a true genius appears in this world, you may know him by this sign, that the dunces are all in confederacy against him.
Jay
July 27th, 2010
12:49 pm
The military operates efficiently, @@?
Most people who have been in the military for long would disagree with that statement. So would the Pentagon inspector general.
Today’s news (and JUST today’s):
“The Pentagon can’t properly account for most of the $9.1 billion meant to rebuild Iraq that the department was given responsibility for, according to a new report from the special inspector general who polices the spending of these funds.”
http://www.npr.org/blogs/thetwo-way/2010/07/27/128796205/pentagon-can-t-account-for-nearly-9-bln-in-iraq-funds
AND
“DHB, which specialized in making body armor used by the military in Iraq and Afghanistan, paid for more than $6 million in personal expenses on behalf of Mr. Brooks, covering items as expensive as luxury cars and as prosaic as party invitations, Ms. Schlegel testified.
Also included were university textbooks for his daughter, pornographic videos for his son, plastic surgery for his wife, a burial plot for his mother, prostitutes for his employees, and, for him, a $100,000 American-flag belt buckle encrusted with rubies, sapphires and diamonds”
http://www.nytimes.com/2010/07/27/nyregion/27fraud.html?_r=1
AND
Arlington National Cemetery’s grave mistake is much worse than previously reported, according to a U.S. senator.
Last month, the Army’s inspector general said hundreds of soldiers’ graves were mislabeled, but on Monday, Sen. Claire McCaskill (D-Mo.) said that number could be in the thousands.
She said the Army report was limited to just one small section of the cemetery.
McCaskill’s subcommittee is investigating allegations of contracting fraud at the cemetery, noting that the military has spent more than $5.5 million in the past seven years to computerize its records.
Calling the mistakes “heartbreaking incompetence,” McCaskill told reporters, “At the very essence here you have waste. There may be fraud — we don’t know at this point.”
http://www.nydailynews.com/news/national/2010/07/27/2010-07-27_arlington_national_cemetery_grave_mistake_could_be_worse_than_reported_sen_clair.html
Curious Observer
July 27th, 2010
12:51 pm
And still not a word about even 47% of the people paying no taxes.
Yet another convenient half-truth. Every person who pays wages pays 6.2% of earnings in Social Security tax and 2.9% in Medicare tax. And that doesn’t even count the matching that the employer has to make. Yet, those who talk about the 47% who don’t pay income taxes don’t consider that every penny of Social Security and Medicare taxes not used for those programs is borrowed by the government to fund the general budget.
So it’s far from the truth that 47% of Americans pay no taxes. But it certainly sounds good to those who oppose any humane effort of legislation to relieve human suffering. In fact, millions of those who have no income tax liability pay taxes to the federal government. The flat-tax and fair-tax proponents want to ignore that fact and to shift the tax burden even further down to the lowest earners among us, while the fair taxers would shield their capital gains and other income that doesn’t go for necessities from any taxes whatsoever. The so-called Fair Tax is the most unfair tax scheme of all.
Saul Good
July 27th, 2010
12:56 pm
Normal @ 12:47pm: “When a true genius appears in this world, you may know him by this sign, that the dunces are all in confederacy against him.”
How about when those same mentioned above start catering to “Newt” again. Talk about Dunces…ever read one of his books? They’re about as intellectually challenging and stimulating as the “Weekly Reader” I used to get in Elementary School. Perhaps less stimulating… at least there was more “honesty” in those little magazines compared to what Newt offers in his books.
Not kidding…anyone ever read one of his books? I mean…are those not “crafted” and edited for someone with limited reading abilities?
Joe
July 27th, 2010
12:56 pm
joe with a small j,
Big business and those who live primarily off of unearned income (inheritances, dividends, capital gains, and multimillion dollar salaries for running a corporation into the ground) are the biggest welfare queens this country has ever known. You’ve been conned. Don’t be too hard on yourself though. They’re prey on your stupidity, and they’re good at it (as evidenced by the Rush Limbaugh’s and Fox New’s ratings).
Jay
July 27th, 2010
12:59 pm
Saul, I attended the “college classes” that Newt taught at Kennesaw State back in the ’90s. The signal to noise ratio was appallling.
Joe
July 27th, 2010
12:59 pm
I suppose that if I’m going to call somebody stupid, then I should get my grammar right.
Correction: They prey on your stupidity, and they’re good at it (as evidenced by Rush Limbaugh’s and Fox New’s ratings).
Saul Good
July 27th, 2010
1:02 pm
Johnny….then I guess we’ll agree that there are both sides who have “members” who dodge “facts” when presented with them… I know I do my best to back up what I post with links, charts, etc… yet when I do…I’m often called names. Hurtful? Nah…it’s a blog… I take it for what it is… yet I DO see WAY more links with CHARTS posted my us “old depends wearing windbags” compared to those of you on the other team. Must be the “Saul” thing in my name that makes some feel that I’m “old”… they don’t read “Saul Good” aloud… nor have they seen the movie… it is one…FUNNY too!
Swami Dave
July 27th, 2010
1:03 pm
Bosch
“When are wingnuts going to realize that it’s not about what’s fair and unfair?”
Now this is ironic! How is it that the shills of collectivism have the unmitigated gall to claim it’s not about “fair and unfair” when the foundational basis of collectivism is to “correct” the “unfairness” that results when outcomes are not equal. At core, collectivism has nothing to be with equal opportunity and everything to do with equalizing outcomes.
It is only through a moral / ethical rationalization based on “fairness” or “justice” (social) or “equality” (of results) that collectivists justify THEFT from those who earn & produce to fund benefits and payments to those who do not. The insidious reality being that as arbiters of the “fairness” they use the confiscation and redistribution as a means to breed dependence and, ultimately, acquire power.
Saul Alinsky would be proud, Bosch: attacking your political opponents based on accusations that they are doing what (actually) you do!
Liberals do with legislation what Muggers do with guns!
-SD
Interesting Observation
July 27th, 2010
1:03 pm
Give em hell, Jay!
@@
July 27th, 2010
1:04 pm
The Pentagon is comprised of a bunch of government bureaucrats. I was talkin’ military personnel. Put them on the scene of a natural disaster and they know how to get things done efficiently. A well-oiled machine, they…
Wes
July 27th, 2010
1:05 pm
Jay,
While I recognize that there is a vast gap in growth between the brackets, I wonder whether this is primarily caused by government or basic economics. There are a number of poor people in the world who are willing to work for low wages and in unsafe conditions in order to feed their family. If you don’t have some esoteric skills or connections supply and demand will probably limit your income growth until the Chinese and Indians catch up with us in per capita income.
In order to provide income growth where there is no demand at current prices what do you propose to do? Do you want to enact tariffs? Subsidize incomes? There aren’t any good answers as far as I can see if this is basic economics. Most solutions will degrade all of our citizens’ standard of living.
Or we could just recognize that this is something that is outside anyone’s control.
Saul Good
July 27th, 2010
1:05 pm
Jay… I wish I could have attended those. I mean that. I’m always game for any side of any issue when “facts” are produced to back up what one is teaching. One question… were the students in Newt’s classes allowed to “ask” them? If so… did he ever dodge any he did not like? Just curious… yet truly…I would have relished the opportunity to take a class by him… just wondering if it was a “dictatorship”. (my own guess is no…).
Midori
July 27th, 2010
1:06 pm
I come to this blog day after day and get so frustrated and exasperated with the resident wingnuts spouting lie after lie after lie that they borrow from Glen Beck and Fox.
And RW – didn’t think it possible but I’m sorely disappointed in you.
I thought you were better than your first post.
How the eff can you tout the breakdown of the house, senate, etc. knowing full well that the GOP routinely bands together to defeat ANY possible good congress is trying to do for this country.
You conveniently ignore the fact that when the GOP held Congress, the democrats at least tried to get along with the GOP and didn’t set up roadblocks at every single opportunity.
Shame on you.
You’re no better than these other lie spouting knuckleheads.
larry
July 27th, 2010
1:06 pm
Republicans + elected office= ethically challenged.
http://blogs.ajc.com/political-insider-jim-galloway/2010/07/27/karen-handel-hit-with-ethics-complaint-alleging-13k-in-illegal-payments-to-staffers/
BADA BING
July 27th, 2010
1:06 pm
It’s LSD, don’t p**s in a cup.
Outhouse GoKart
July 27th, 2010
1:07 pm
“OGK, just look down on those “starter jobs”, some of those folks do hard honest work and deserve a fair wage. Your attitude is showing.”
I held many of the same type jobs as a young fellow…dishwasher, floor mopper, french fry cooker, Conv store clerk and was paid the minimum wage which is entirely FAIR for these positions. Sure they were easy non-thinker type jobs and the pay I received and that is currently paid was FAIR for my and the companies expectations.
I guess my honestly is showing…
popeye
July 27th, 2010
1:08 pm
To add to Jay’s post at 12:49
The Defense Department is unable to properly account for $8.7 billion out of $9.1 billion in Iraqi oil revenue entrusted to it between 2004 and 2007, according to a newly released audit that underscores a pattern of poor record-keeping during the war.
Of that amount, the military failed to provide any records at all for $2.6 billion in purported reconstruction expenditure, says the report by the Special Inspector General for Iraq Reconstruction, which is responsible for monitoring U.S. spending in Iraq. The rest of the money was not properly deposited in special accounts as required under Treasury Department rules, making it difficult to trace how it was spent.
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102×4480367
Interesting Observation
July 27th, 2010
1:08 pm
Even an atheist can see that ending the earned income tax credit for the working class poor while ending taxes on wealthy retirement income is not Christian. Yet, the right wing in Georgia claim to hold a monopoly on Christianity. Pathetic. Praise the lord, bash the gays and give em more guns are the only requirements to get elected in Georgia.
Jefferson
July 27th, 2010
1:09 pm
One could say mortgage interest deductions are wellfare, but I don’t blame anyone for taking them.
Outhouse GoKart
July 27th, 2010
1:09 pm
If individuals want to sluff around slinging hash, cleaning toilets, mopping floors for 30 years they will need to have more realistic expectations.
Or they could apply themselves and go to college, trade school, start their own business etc.
larry
July 27th, 2010
1:09 pm
Add to that, Nathan ( i stole Evander Holyfield’s real deal) Deal ethical challenges and some in here think Barnes is going to lose ??
alot
July 27th, 2010
1:09 pm
jay, seriously, can you get a new photo. it looks like you are just coming down from a drug high. dude, pride man.
oh yeah…you are wrong. your article is crap. never got a job from a poor person. almost half of americans pay no federal income taxes.
gotta love the nanny state. it works so well…somewhere i guess.
Saul Good
July 27th, 2010
1:09 pm
Swami Dave: “Saul Alinsky”
WHO????
How do SO many get it SO wrong? It’s so effin’ funny how “some” bring up his name all the time… yups…we know just where YOU learned his name from… sheeesh!
Fellow libs, elites, progressives, and “depends wearing old bags” (according to Fred)… I mean do ANY of you give a $^#(#@(# about Saul Alinsky???
AmVet
July 27th, 2010
1:10 pm
Paulo and Fly, and the fiscal liberals in the GOP are never, ever going to touch that third rail of our ever strengthening coporotocracy. Have you ever read one single solitary word form a rightist here that even accepts this premise? As for their “conservative” “leaders”, the rewards are simply too great for those little men in Washington to stand up to today’s robber barons. They are a political party without moral courage. And I asked that joke of a representative, Tom Price why this was so? All I got was an old Beatles song. No Reply.
They will deflect and spin like ballerinas but find one Republican anywhere who will acknowledge that the source of America’s problems lies with this scenario:
The answer is there is too much power and too much wealth in too few hands and the few control our government and the few create the problems and the injustices for the many and have less and less interest in doing anything about it because they can get away with it. ~Ralph Nader 1996
Or as I write:
Welcome to the United States of America! A Wholly owned Subsidiary of the New York Stock Exchange.
andygrd
July 27th, 2010
1:11 pm
I have an idea…. Let’s continue to throw money at issues. Don’t fix the problem, just throw more money….
Why do you liberals hated people that work hard, go to school (sometimes at night or on weekends) to provide a better life for their family and you want to take it away from them…
Income re-distribution… The liberal way. The liberal thought…. They owe you money, don’t work for it, they owe it to you….. Don’t be responsible… Don’t control your debt, Don’t live within your means, don’t improve your life,,, They owe it to you…..
Boy this is fun……..
PS..Liberals, one more thing….
ABC strongly opposes government-mandated project labor agreements (PLAs) on public construction projects.
Anti-competitive project labor agreements (PLAs) are special interest schemes that end open, fair and competitive bidding on public works projects. PLAs drive up the cost of construction by reducing competition and effectively excluding merit shop contractors and their skilled employees from building projects paid for by their own tax dollars.
Typical PLAs are pre-hire contracts that require projects be awarded only to contractors and subcontractors that agree to:
• recognize unions as the representatives of their employees on that job
• use the union hiring hall to obtain workers
• obtain apprentices exclusively from union apprenticeship programs
• pay into underfunded and mismanaged union benefit plans
• obey costly, restrictive and inefficient union work rules
In the end, government-mandated PLAs prevent taxpayers from getting the best possible product at the best possible price.
On February 6, 2009, President Barack Obama issued Executive Order 13502, which repeals Executive Order 13202 and encourages federal agencies to require PLAs on federal and federally funded construction projects in excess of $25 million. Executive Order 13202 had prohibited federal agencies and recipients of federal financial assistance from requiring wasteful and discriminatory union-only PLAs on federal and federally funded construction projects. Construction contracts subject to union-only PLAs are usually awarded to unionized contractors and their all-union workforces.
On March 13, 2010, the Federal Acquisition Regulation (FAR) Council released the final rule to implement President Obama’s Executive Order 13502. The release of this final rule represents the culmination of a process that began in July 2009 with the FAR Council’s release of a proposed rule to implement the content of Executive Order 13502 into federal procurement regulations.
Even before the release of the final rule to implement Executive Order 13502, the Obama Administration signaled its desire for federal agencies to begin mandating PLAs. The Office of Management and Budget (OMB) on July 10 issued a policy memorandum encouraging federal agencies to consider utilizing PLAs on a project-by-project basis and require PLAs in “appropriate circumstances.” This memorandum came in advance of the FAR Council’s proposed rule implementing Executive Order 13502.
Between 2001 and 2008, Executive Order 13202 ensured that at least $147.1 billion worth of federal construction projects was bid without discriminatory and wasteful government-mandated PLAs. The actual value of construction projects protected by Executive Order 13202 is exponentially larger, as the above figure does not include local construction spending that received federal funding or assistance protected by the executive order. Free and open competition saved American taxpayers an estimated 10 percent to 20 percent on federal construction spending and provided women, minorities and other qualified craft professionals the opportunity to work in their communities.
The 1% is now the Unions……GO Baby GO
Outhouse GoKart
July 27th, 2010
1:11 pm
“One could say mortgage interest deductions are wellfare”
One could say whatever they feel but that wouldnt make it necessarily true.
@@
July 27th, 2010
1:12 pm
Another thing, jay. When I find myself in such dire straights that all I can depend on is government, which will in turn, demand my vote, to sustain me, it will truly be a sad day. A sad day, indeed.
Now I’m out to languish by the pool. I’ll be looking at the bottom and thinking of you.
John Birch
July 27th, 2010
1:12 pm
Unfortunately one of the huge failures of the Democratic party the last 30 years has been the failure to return the tax burden to the wealthy. Oh, there have been the token increases of the Clinton adminisration, but that was done with a Republican congress and was pretty minor. And it looks like increases for 2011 but this is really just letting the Bush tax cuts expire as was originally planned. I want to know when is the 70% pre-Reagan bracket and 90% estate tax rates coming back? At least when the Dems take from the middle class, they are more likely to give it to the poor than the rich.
Citizen of the World
July 27th, 2010
1:13 pm
Let the tax break for the rich people expire. It will help the country, and it won’t hurt them a bit. This, after all, is the country that afforded them the opportunity to get so rich in the first place.
Outhouse GoKart
July 27th, 2010
1:13 pm
My typing skills are also showing…lor lack thereof…
stands for decibels
July 27th, 2010
1:15 pm
How the eff can you tout the breakdown of the house, senate, etc. knowing full well that the GOP routinely bands together to defeat ANY possible good congress is trying to do for this country.
huh? RW plays that riff all the time. Nothing new there. Which is why I posted that bit about Harry Reid ramming a Senate rules change–it’s not gonna happen, but it’s the only thing that’d change the stranglehold Republicans have on any meaningful legislation. It’s why we don’t have a public option, why something as weak as Cap and Trade is what we’re still trying to get through rather than a carbon tax; essentially it’s why Atrios routinely refers to “President Olympia Snowe”, since without at least one non-crazy Republican OKing a measure, it doesn’t get passed.
And RW knows that, he’s just trying to get you riled up.
Saul Good
July 27th, 2010
1:16 pm
Citizen of the World: “Let the tax break for the rich people expire. It will help the country, and it won’t hurt them a bit. This, after all, is the country that afforded them the opportunity to get so rich in the first place.”
Oh dear… don’t you realize that EVERY single one of them ONLY got rich BECAUSE if the tax breaks? According to those on the right…If we didn’t have tax breaks for the rich… we simply wouldn’t have any rich people.
obama's fault
July 27th, 2010
1:17 pm
Jay,
Okay….I haven’t done research into your statement yet. Given your past ability to greatly skew the facts, I am sure that you did a bang up job with this one too. Anyways, I will go ahead with your numbers and still say 36% DO NOT PAY ANYTHING!!!! And that is acceptable? We are only talking about not paying ANYTHING. Some of the remaining 64% might only pay $100. Also, given that you have excluded all of those other tax returns of people that make around $5,000….we can apply the same logic and say that means that the top 50% pay an even greater percentage of the nation’s taxes. The 97% of the overall tax burden that the top half pays is probably more like 99% now. And that is fair???? Sounds an awful bit like socialism if you ask me.
As Thatcher once said “The trouble with socialism is that eventually you run out of other people’s money.”
BADA BING
July 27th, 2010
1:17 pm
Timothy Leary called, he’s still high.
Citizen of the World
July 27th, 2010
1:18 pm
a lot, the people who don’t pay federal income taxes don’t make enough money to share this burden! What would you have the government do, take a sizable chunk of their meager paychecks and then turn around and dole it out to them in welfare checks because they then don’t have enough to live on?
Aren’t the Republicans the ones always saying that “we know better how to spend our money than the government”? Yet, they persist in begrudging the little guy a tax break, while defending tax cuts for the rich? What is wrong with this picture?! Of course, that’s the whole point of Jay’s column.
joe
July 27th, 2010
1:19 pm
Joe I see your point, but you fail to take into consideration the reason unemployment is so high right now is big business and those living off of unearned income, who are for the most part, the business owners, are the ones who employ the rest of society. I probably will never aspire to their heights, but as a small business owner, I hope to at least get into a 7 figure net worth some day…because of my drive. I won’t hate on those who have the most and who pay the majority of our taxes and who employ the majority of the rest of us…because they are the ones driving our boat. Why you would want to penalize them for their success or luck or drive is beyond me.
You want to see unemployment go down, vote GOP in Nov…that will at least give big business hope of getting BO out of office in 2012, then the jobs will really start opening. Right now big businesses are just sitting on increasing cash reserves and won’t invest in anything because they have no clue what BO will come up with next in terms of policy to hurt our capitalistic economy and country. BO has no clue how to make America work with his socialist wannabe agendas and policies.
kayaker 71
July 27th, 2010
1:19 pm
Spare us Bookman…. you are talking about only one half of the population. What do we do, tax the “rich” even more to give to those 50% who pay no federal income tax? We already work until about mid June to pay these outrageous taxes now. When Bozo gets finished socializing the country, will it be July or perhaps August? The incentive to work hard and excel. That’s evil? Boy, are YOU screwed up!!
Joe
July 27th, 2010
1:19 pm
Wes: “In order to provide income growth where there is no demand at current prices what do you propose to do? Do you want to enact tariffs? Subsidize incomes? There aren’t any good answers as far as I can see if this is basic economics. Most solutions will degrade all of our citizens’ standard of living.”
Wes is mistaken. Take the minimum wage as an example. Such government intervention in the markets have increased all of our citizen’s standard of living. Why? Low-income workers necessarily spend a larger portion of their incomes, frequently 100 percent, and so their higher wages means more spending, more customers for business and more economic growth.
When tax money is properly invested (e.g., roads, highways, schools, ports, damns, levies, research and development, clean energy, safe air and rail transportation), then the economy grows and all Americans benefit. It’s counter intuitive to conservatives (so-called) that higher taxes can sometimes increase our incomes and lower taxes can sometimes reduce our incomes, but when properly invested, it’s a fact.
larry
July 27th, 2010
1:20 pm
I want to know when is the 70% pre-Reagan bracket and 90% estate tax rates coming back?
Might need to go back to that. Maybe it would get rid of all these economic bubbles we keep having
’80s Savings and Loan real estate bubble
’90s IT bubble
’00s housing market, derivatives bubble.
joe
July 27th, 2010
1:20 pm
Oh, and you can shove your “stupidity” insult where the sun don’t shine…I’ll take my graduate degree and small business over whatever it is you do any day of the week.
popeye
July 27th, 2010
1:20 pm
@@…”The Pentagon is comprised of a bunch of government bureaucrats.”
Obviously you’ve never been to the Pentagon. Unless you think the military personnel working their are government bureaucrats.
You need to get out more!
stands for decibels
July 27th, 2010
1:21 pm
those 50% who pay no federal income tax?
[...]
almost half of americans pay no federal income taxes.
Jay, is there something you can apply to this here blog to make Teh Stoopit stop burning?
BADA BING
July 27th, 2010
1:21 pm
Never did drugs, I just listened to ‘In a Gadda da Vida’ when I wanted to get high.
obama's fault
July 27th, 2010
1:21 pm
John Birch “At least when the Dems take from the middle class, they are more likely to give it to the poor than the rich.”
Correction…..”At least when the Dems take from the middle class, they are more likely to give it to the poor than the rich in an effort to keep everybody poor so that the poor will continue to come back to the Democrat party for more handouts, while at the same time giving this money to the unions and all other historical supporters of the democrat party.” let’s tell the whole truth please.
AmVet
July 27th, 2010
1:22 pm
I have an idea…. Let’s continue to throw money at issues. Don’t fix the problem, just throw more money….
andygrd, as in how CEO pay went up 240% in ten years while worker pay went up 4% during the same time? That kind of throwing money? Or maybe you were referring to upping the $300,000,000,000.00 every single year given away by Uncle Sam (YOU AND ME) in corporate welfare?
Is that what you are advocating?
Perhaps you advocate that we need MORE of that fiscal conservatism that screws working Americans so fat cats and their corporate fleecing machines can make even greater profits? More of that “Let the free market police itself” nonsense that brought the nation to the very brink of disaster?
Are you a CEO?
Did you get the memo? That trickle down/voodoo economics is a tragic joke?
RW-(the original)
July 27th, 2010
1:23 pm
Geez, Midori, take it up with the post office. I mailed the child support check Friday.
I don’t see how Republicans are really blocking anything. You got Porkulous, you got the auto companies, you control the banking industry, you run health care, you’ve got perpetual unemployment compensation and I’m sure that tucked within those thousands of pages of legislation you’ve gotten your carbon restrictions without needing another bill.
President Olympia Snowe There’s some truth to that but I think I’m going to pass out now.
Scooter (the Original)
July 27th, 2010
1:23 pm
What an economic and financial fool!
Saul Good
July 27th, 2010
1:23 pm
OF: “Some of the remaining 64% might only pay $100″
And some pay millions….your point is?
obama's fault
July 27th, 2010
1:23 pm
stands for decibels…..why don’t we start with you leaving. You obviously have no clue and follow the Democrat party like a mental midget.
getalife
July 27th, 2010
1:24 pm
We should go Bell California on our corrupt government.
obama's fault
July 27th, 2010
1:25 pm
Saul, nice…you pick two words to point out while ignoring the rest of it. Typical liberal.
Kamchak
July 27th, 2010
1:25 pm
Fellow libs, elites, progressives, and “depends wearing old bags” (according to Fred)… I mean do ANY of you give a $^#(#@(# about Saul Alinsky???
Certainment.
I genuflect every morning to my Alinsky idol perched atop my Alinsky altar. I drink my morning coffee in my Alinsky mug, before donning my Alinsky T-shirt.
Unless of course it’s winter, then it’s my Alinsky sweat shirt.
josef nix
July 27th, 2010
1:26 pm
BOSCH
My condolances.
Joe
July 27th, 2010
1:27 pm
joe “…you fail to take into consideration the reason unemployment is so high right now is big business and those living off of unearned income, who are for the most part, the business owners, are the ones who employ the rest of society.”
joe, you fail to take into consideration that those living primarily off of unearned income aren’t going to have any unearned income to live off of if workers don’t set their alarms and go to the job site every day. Investors and workers are equally important to our economy; one can’t do without the other.
Business will hire, not when they get tax cuts, but when they get customers. The Republicans have successfully reduced that the number of available customers in our economy by preventing up or down votes in the Senate on aid to state governments and other effective forms of stimulus (exception: Dems had to reduce the size of the Recovery package in order to keep Olympia Snowe and Susan Collins from filibustering with the rest of the Republicans).
Me? I’ll be voting for the Dems in November.
Doggone/GA
July 27th, 2010
1:29 pm
Let’s hear it for “sucking at the government teat”!
“Georgia again a finalist in Race to the Top competition”
http://www.ajc.com/news/georgia-again-a-finalist-579439.html
josef nix
July 27th, 2010
1:30 pm
Norm
@ 1:48
Saul
@ 12:56
Should’ve known y’all were Ignatius fans…
“It viiolates all laws of theology and geometry!”
Doggone/GA
July 27th, 2010
1:32 pm
“@ 1:48″
Ummm…Josef, what clock are you using?
Outhouse GoKart
July 27th, 2010
1:33 pm
When are all the bleeding heart libs gonna pony-up and send Uncle Sammy an addl $100 just because?
Cmon you Pro-Tax Progressives!!
Wes
July 27th, 2010
1:33 pm
Joe,
I agree with you completely that if lower income brackets are increased it will go directly to the economy.
The question is whether employers are willing to maintain hiring at those inflated levels.
AmVet
July 27th, 2010
1:34 pm
“We already work until about mid June to pay these outrageous taxes now.”
What a crock. Somebody does not understand effective tax rates.
Midori
July 27th, 2010
1:34 pm
three words for you RW: shame on you!!
Normal
July 27th, 2010
1:36 pm
Hey Josef,
You just gittin’ up?
Doggone/GA
July 27th, 2010
1:36 pm
“The question is whether employers are willing to maintain hiring at those inflated levels”
If they have enough customers to justify the hiring, then yes, they will.
josef nix
July 27th, 2010
1:36 pm
Where are the major infrastructural development projects?
Peadawg
July 27th, 2010
1:36 pm
“When are all the bleeding heart libs gonna pony-up and send Uncle Sammy an addl $100 just because?
Cmon you Pro-Tax Progressives!!”
AMEN!!!
RW-(the original)
July 27th, 2010
1:37 pm
It takes more words to tell me the message is coming than the message itself. Now that’s a true lib for you.
barking frog
July 27th, 2010
1:38 pm
the government cannot make us all rich but it can make us all poor.
Jefferson
July 27th, 2010
1:38 pm
I like the crying when the wealthy feel violated…
Normal
July 27th, 2010
1:39 pm
From one of my personal hero’s…
“Great spirits have often encountered violent opposition from mediocre minds.”
Saul Good
July 27th, 2010
1:39 pm
OF @ 1:21pm
And just WHO was it that added MORE to the welfare class? Where did they come from? THE MIDDLE CLASS.
So let’s learn something…tax cuts for the rich while increasing spending did WHAT for our nation? It added MORE to the welfare line relying on government assistance then it did create jobs.
OF…go ahead and show me/us the charts which show just HOW MANY jobs were added/lost due to the economic policies of the last administration (basically: cutting taxes while increasing spending…).
In the end…not “1″ job created. Not when the administration finished with MORE jobs lost compared to jobs gained.
We could lower the highest bracket tax rate to zero (just like many of the corporations) and STILL they would not hire if they have no new business/sales.
It’s conclusive: In the end….The Bush Tax Cuts created ZERO jobs… yet added billions upon billions to our deficit and added to our paying out unemployment.
2012…let those who call for MORE tax cuts run on those same failed policies… sure there are many who don’t have a friggin’ “clue” as to the harm caused to our economy by tax cuts while at war (2 wars)…. same one’s who are in a “choice” of who is “better” for GA: Handel or Deal. It’s like voting for Dillinger compared to Gotti… it basically comes down to which one is “less” evil.
If the BEST the right can/could/would come up with to run this state are those two… it speaks VOLUMES about your party.
josef nix
July 27th, 2010
1:40 pm
Doogone
Daylight spending time?
Normal
Nanh…had a meeting at work today…Blessed are the pacemakers! Actually it didn’t go bad at all…met some of the new staff…may be getting to work more with the Kindergartners next year…I hope so, they’re wunnerful…
Saul Good
July 27th, 2010
1:42 pm
Kamchak @ 1:25 pm
HAHA! Awesome! I’ve been looking for those items for years now!
Actually that WAS funny!
Thanks!
Outhouse GoKart
July 27th, 2010
1:43 pm
Cmon libs, Pro-Tax Progressives…lend a hand, help a neighbor, lettuce see those checks flying into our caring, wonderful Federal govt. Now if ever the govt needs YOU!
Normal
July 27th, 2010
1:44 pm
Peadawg
July 27th, 2010
1:36 pm
I would gladly pay 20% of my monthly income every month if that was all I had to pay and if EVERYBODY, from the top income down to the bottom income paid their’s too. Would you?
Bill
July 27th, 2010
1:44 pm
USinUK—I think you need to recall the Clinton Administration–the one in power for 8 years which gave us budget surpluses, high GDP, 23-26 million jobs, low inflation . . . Then we had 8 years of conservative rule–just the opposite occurred. Because of the disaster W. left us with, spending was required to avoid a Depression. The Demos, the facts show, are the party of job creation and GDP growth, and highest stock market performance. Let’s not forget, R.Reagan increased the number of federal employees; Clinton reduced that number.
Fairly high progressive taxation causes a booming economy and surpluses. In the long run, even the super wealthy benefit. REps continuously do nothing but lower taxes on the wealthy, causing the mess Clinton inherited, and the disaster Obama inherited.
Conservatives are blinded by ideology.
Let’s keep in mind that W’s Medicare Drug Bill will cost almost as much as Obama’s Healthcare Bill.
AmVet
July 27th, 2010
1:44 pm
frog, are you champion of meaningless platitudes for slow eighth graders?
Saul Good
July 27th, 2010
1:45 pm
josef @ 1:30pm
Normal
July 27th, 2010
1:48 pm
Josef,
I saw that MAY’retta was hosting a Gay Pride Festival next month, I believe. Knock me over with a feather, especially after Cobb County passed that anti-Gay resolution back when…A good sign of the times, one hopes…I personally, would like to see a Gay Pride Parade going past the “Big Chicken”…especially given its history…heh, heh.
josef nix
July 27th, 2010
1:49 pm
I have a suggestion: when Dems and GOP alike wake up and realize that the working class is too big to fail we might be able to make some positive steps…
Poor Boy from Alabama
July 27th, 2010
1:49 pm
Mr. Bookman,
It seems to a Poor Boy from Alabama that there are a couple of key issues that should be discussed in response to your post:
1. Is the current federal income tax code sufficiently progressive?
2. What’s the best way to foster the economic recovery?
3. How do we reduce deficits long term?
The Congressional Budget Office does an annual analysis of the federal income tax code, who pays what, etc. each year. Here’s what they said this year on their blog:
CBO’s most recent analysis indicates that:
* On average, in 2007 households paid federal taxes, either directly or indirectly, totaling about 20 percent of their income. (That percentage includes corporate income taxes and employers’ share of payroll taxes, which are passed on to households in various ways.) Individual income taxes, the largest component, were 9.3 percent of household income. Payroll taxes for social insurance programs were the next largest source, with an average tax rate of 7.4 percent. Corporate income taxes and excise taxes were smaller, with average tax rates of 3.0 percent and 0.6 percent.
* The overall federal tax system is progressive—that is, average tax rates generally rise with income. Households in the bottom quintile (fifth) of the income distribution paid 4 percent of their income in federal taxes, while the middle quintile paid 14 percent, and the highest quintile paid 25 percent. Average rates continued to rise within the top quintile, with the top 1 percent facing an average rate of close to 30 percent.
* Higher-income groups earn a disproportionate share of pretax income and pay a disproportionate share of federal taxes. In 2007, the highest quintile earned 56 percent of pretax income and paid 69 percent of federal taxes, while the top 1 percent of households earned 19 percent of income and paid 28 percent of taxes. In all other quintiles, the share of federal taxes was less than the income share. The bottom quintile earned 4 percent of income and paid less than 1 percent of taxes, while the middle quintile earned 13 percent of income and paid 9 percent of taxes.
* Average tax rates in 2007 changed only slightly compared with their levels in 2006. There were no significant changes in the tax law between those years, and changes in the distribution of incomes were not enough to cause large movements in average rates.
This publication was prepared by Ed Harris of CBO’s Tax Analysis Division.
1. The CBO analysis tells a Poor Boy from Alabama that the current federal income tax code is progressive by any reasonable interpretation of the term. Some may want to see it become more progressive, but let’s not kid ourselves about whether high income folks pay a higher percentage of their income to Uncle Sam than others.
2. Most economists, whether they be followers of Keynes or austerity types, would probably agree that raising taxes at this point in the recovery is unwise. The austerity types are concerned that politicians in Washington won’t have the discipline required to reduce the deficits once the economy is on firmer footing. In their scenario, we could easily face a debt crisis similar to Greece’s within the next five to ten years unless we take concrete steps to reduce the deficit over time. They don’t argue that we need to close the deficit in one quick swoop, but that we need to send a clear signal that we’ll apply fiscal brakes within a couple of years That’s the crux of the Paul Krugman vs. Niall Ferguson debate.
According to the CBO, the top one percent of income earners account for about 19% of individual income and the five percent of income earners account for about 32% of individual income in this country. Raising taxes on this group will take money out of the economy and thus have a negative impact on the recovery.
You might argue that Uncle Sam would re-inject those tax revenues back into the economy, but a Poor Boy from Alabama would argue back that taking money away from folks who know how to use it productively and giving it to a government that’s running high deficits is not an especially wise way to allocate resources.
3. At our current rate of expenditures, we will not be able to close the budget deficit without doubling federal iincome tax rates across the board according to the Tax Foundation. Here’s are excerpts from a report they did in March of this year:
“Federal income tax rates would have to be more than doubled across the income spectrum if Congress were to close the deficit in fiscal year 2010, according to a new report from the nonpartisan Tax Foundation. Instead of taxing joint filers with rates ranging from 10 percent to 35 percent, tax rates would have to start at 24.3 percent and reach up to 84.9 percent.”
“The federal government is spending so much that even if policymakers were willing to fund government services with actual tax revenue instead of piling on more debt, the federal income tax system in its current form wouldn’t be able to raise that much,” said Tax Foundation Director of Policy and Communications Bill Ahern, who authored the report, “Can Income Tax Hikes Close the Deficit?”
“Even in 2012, when the President’s budget projects a lower deficit, tax rates would still be need to be prohibitively high in order to balance the budget, with rates ranging from 15.8 percent to 62.6 percent.”
“If high-income people had to pay a federal tax rate ranging from 65 percent to 85 percent, adding on an 8 percent rate in most states plus local income taxes and payroll taxes would push tax rates close to 100 percent for some households.”
It’s pretty clear to a Poor Boy from Alabama that we need to have to have a rational debate about how to reduce the deficit and eventually balance the budget. We can’t tax our way out of it and we can’t completely cut our way out of it either. The problem will have to be addressed from both the revenue and spending sides.
All these arguments about tax cuts for the rich may make for great blog fodder, but are ultimately just shuffling the deck chairs on the Titanic.
kayaker 71
July 27th, 2010
1:50 pm
Bed Wet,
Say I make 400K/yr as one of those evil hard, working capitalists. My Federal Tax bracket is at or above 39.8%, projected for 2011. Now let’s eliminate the Bush tax cuts. Now let’s add what the state takes. Now let’s pretend that I or someone in my estate dies who owns property to will to my heirs. Let’s also pretend that my capital gains taxes go from 18% to 28% or more. Looks a whole lot like June to me. And BTW, that 250K pledge is an out right lie and you know it.
Interesting Observation
July 27th, 2010
1:51 pm
Outhouse, do you know the meaning of aptitude? Did it ever occur to you that many of the working class poor probably do not have the aptitude to master college? Stop superimposing your narcicistic self on everyone else.
hmmmm
July 27th, 2010
1:51 pm
While the AJC liberals (Bookman & Tucker) write duplicate columns rallying support for democratic “initiatives”, the AJC’s Kyle Wingfield (conservative) goes with this:
How many millions Atlanta favoritism will cost us, answered
A federal jury on Monday awarded $17.5 million in damages to an Atlanta businessman who claimed the City of Atlanta and Hartsfield-Jackson International Airport illegally steered a lucrative indoor advertising contract to a competitor with deep political connections.
The verdict, which came after nearly eight hours of deliberations, called for Billy Corey and his company, Corey Airport Services, to receive $8.5 million in compensatory damages, to be paid in thirds by the city, Clear Channel Outdoor Inc. and businesswoman Barbara Fouch.
So, city taxpayers are out almost $3 million in damages, plus whatever legal fees the city has accumulated — and will continue to pile up in an appeal. For what? So that Barbara Fouch can enter a fourth decade of making millions from a sweetheart contract?
Matti
July 27th, 2010
1:51 pm
The incredible shrinking middle class doesn’t have very long to live. Those who keep squawking that taxing the wealthy IS the problem must want the middle class to disappear, so that the working poor will be continuously beholden to the wealthy. If this is not actually the case, I have yet to hear their justification for pursuing the policies that benefit only a small percentage of our population. We ALL do better when we all do better, but they won’t have it.
List the facts, people.
http://finance.yahoo.com/tech-ticker/the-u.s.-middle-class-is-being-wiped-out-here%27s-the-stats-to-prove-it-520657.html?tickers=%5EDJI,%5EGSPC,SPY,MCD,WMT,XRT,DIA
Bosch
July 27th, 2010
1:52 pm
“President Olympia Snowe”
Bestill my hear – sorry if that made your stomach a little queasy there RW. And be nice to Midori!
Bosch
July 27th, 2010
1:54 pm
“I have a suggestion: when Dems and GOP alike wake up and realize that the working class is too big to fail we might be able to make some positive steps…”
I agree josef, and in the meantime, let’s just keep blaming Obama, shall we?
And thanks for the earlier.
Mick
July 27th, 2010
1:54 pm
The last time we had republicans who were not far out anti tax zealots was in the 1950’s. They weren’t even trying to dismantle social security. So, look at where we are now; joe sixpack and other dumb schmucks worried about tax increases for the top two percent! Yes, this is a bad acid trip and it doesn’t seem like its going to end anytime soon. If you ever catch an episode of “leave it to beaver”, I grew up in that america. FDR got us out of the depression and the repubs maintained the middle class during ike. Today, the middle class has been eviscerated and trying to rebuild it is met with filibusters or whatever other political chicanery is available to the minority party. On top of that they want to cut social security, the last of the great safety nets in our society. What do people have to look forward to when they are old and burned out? Hands off the social security you crazy republicans, find another way to pay for your wars and tax cuts.
Bosch
July 27th, 2010
1:54 pm
“Stop superimposing your narcicistic self on everyone else.”
Yeah, Outhouse, and shut up.
obama's fault
July 27th, 2010
1:55 pm
Saul Good, You just keep drinking the Dem Kool Aid. Answer this. How was the economy before the dems took over Congress in 2006? You want a reason for zero job growth, just go look at that. It is funny that you libs always to toss blame around starting with Obama himself but fail to remember to accept part of the blame when you deserve to join in it. The Dem-led Congress got us into the mess and is doing nothing to get us out of it. They are worsening the situation every day they are in power.
Outhouse GoKart
July 27th, 2010
1:56 pm
IO…there is always trade school. Some trades pay very well.
stands for decibels
July 27th, 2010
1:56 pm
Say I make 400K/yr as one of those evil hard, working capitalists.
Wow, K71, you have to pick an income example that represents a whopping 0.5% of the US population to get there?
Outhouse GoKart
July 27th, 2010
1:56 pm
;0
Rich Boy From Vermont
July 27th, 2010
1:56 pm
My heavens,
you can’t be a poor boy from Alabama! You are using words that even I don’t know and I graduated from Harvard (pronounced Havvahd). I do believe he is an Ayn Rand disciple posing as a poor boy.
Outhouse GoKart
July 27th, 2010
1:57 pm
And stop attempting to find excuses for every helpful idea I present.
AmVet
July 27th, 2010
1:57 pm
yacker, English please.
Maybe this will help with your edumacation…
http://www.dinkytown.net/java/TaxMargin.html
Normal
July 27th, 2010
1:59 pm
Outhouse GoKart
July 27th, 2010
1:56 pm
On that we can agree. If I had to do it all over again, I’d be a Harley Mechanic instead of an Electronics Engineer.
ken R
July 27th, 2010
2:01 pm
Jay, this looks like an ignorant article that I would expect from Tucker.
First of all it wasn’t just wall street that half ruined our country, add Banks, Fannie & Freddie May and stupid people who as usual bought more than they could afford and the Mortgage companies that lent them the money.
Secondly, The Rebublicans did not block aid, they tried to do the smart thing by using the stinulus money, less than 50% of that money was ever used and they didn’t want to add any more burden to the deficit.
Thirdly, The Rebublican party is a party for everyone, it’s dis-honest people like you who try to slant it another way. Please tell us what you call rich Democrats, as there are more of them in Congress and the Senate than there are Republicans.
Last but not least, no you didn’t drink LSD this morning, you just woke up and said to yourself, what can I lie about today.
Bosch
July 27th, 2010
2:02 pm
Mick,
“So, look at where we are now; joe sixpack and other dumb schmucks worried about tax increases for the top two percent!”
I think it’s because they think that one day, they’ll be in that top two percent if they just work hard enough and dream hard enough, and if those gosh darn liberals will stop trying to punish those who all they want to do in life is achieve — and stealing their money and givin’ it to those people who are too lazy to work. But what do I know, I’m talking to rabbits again.
Jay
July 27th, 2010
2:02 pm
Hey Fault, the Colts won the Super Bowl in 2007 — maybe THAT’S what caused the collapse that began later that year.
Such a statement makes just as much sense as the one you just made. You offer a corrolation, not a cause.
Unless you can list things that the Democratic Congress did beginning in Jan. 2007, when it took office, to actually CAUSE the recession that began later that same year, you’re spouting nonsense.
Mick
July 27th, 2010
2:03 pm
obama’s fault
@
1:55 pm
You keep drinking your brand of kool-aid. Remember 2005-2006? The ownership society?
Everyone flipping and flopping real estate? That all happened before the dems took over the congress. When a neighbor got 350k for a house he bought for 105k, we all knew that there was something rotten in bushworld. No way this could be sustained, the house of cards came apart just as the dems were taking back congress. Your argument fails the taste test.
Bosch
July 27th, 2010
2:03 pm
“The Rebublican party is a party for everyone”
Oh Jesus, where did I put that monitor cleaner?
Bosch
July 27th, 2010
2:05 pm
“Hey Fault, the Colts won the Super Bowl in 2007 — maybe THAT’S what caused the collapse that began later that year.”
I blame Lindsey Lohan.
larry
July 27th, 2010
2:06 pm
Bill
July 27th, 2010
1:44 pm
AGREED!!!!
josef nix
July 27th, 2010
2:07 pm
Normal, et al.
Yes, vocational trades! It’s long past time we quit to go to college happy horse-manure. It’s that attitude that’s put us in the shape we’re in…
And the 20% tax across the board? Plain old common sense and common dignity–everybody pays the same share and nobody can claim they’re getting scr3wed…
Outhouse GoKart
July 27th, 2010
2:07 pm
I want to help LiLo. I hear her fellow inmates are ready for her to leave.
larry
July 27th, 2010
2:07 pm
Didn’t Bush find his veto pen in 2007?
Poor Boy from Alabama
July 27th, 2010
2:08 pm
Rich Boy from Vermont at 1:56: I am in fact a Poor Boy from Alabama. I spent a few of my younger years in Cambridge, however.
wet wiccan
July 27th, 2010
2:09 pm
I feel like crying when the wealthy get violated LOL me too! (sniff, sniff)
Honestly, Mick you got it right, joe sixpack and other dumb schmucks worried about tax increases for the top two percent. It just astounds me to read these comments advocating for an aristrocacy. That somehow if the rich are taken care of that all will be right with the world. It’s pathetic.
If you are making more than a quarter of a million dollars a year, then good for you! I’m sure you have a wonderful life.
josef nix
July 27th, 2010
2:11 pm
Off Topic here…
Anybody heard from Monds? Jay?
larry
July 27th, 2010
2:13 pm
This is wild, a daughter campaining AGAINIST her father.
http://www.donotvoteformydad.com.
Mick
July 27th, 2010
2:13 pm
The great conservative principles put in practice from 2001-2007. These are: cut taxes three times, fight unnecessary wars off budget of course, medicare drug scam, less or no regulation on financial, oil and energy industries. When everything comes apart at the seems all at once – blame democrats.
AmVet
July 27th, 2010
2:13 pm
I guess it’s humanly possible that the handful of Republican apologists here are all somehow immune to the laws of diminishing returns that have been part and parcel of American economics for the overwhelming majority of the working class over the past twenty to thirty years.
For example how for the vast majority of American workers, they make less in adjusted inflation income than they did 20 or 30 years ago.
But given the quantity and level of stuntingly sophomoric statements and the shocking lack of knowledge therein, such as marginal tax rates, I doubt most of them have even been working that long…
joe
July 27th, 2010
2:14 pm
Last point for me as I’ve got a business to run…Joe, your logic is faulty. Here’s why…yes the business owners and those who live off unearned income must have workers working in order to keep their companies afloat. But, for every employee who chooses to ignore their alarm clocks in the morning and stay home, there are 10 who would welcome that job and show up every day and work hard. So the lazy bones who sleep in and skip work inevitably get fired, and their job is filled by someone with some drive.
However, there aren’t 10 companies out there fighting for one mr. or ms. lazy bones with no drive. So the company is more valuable than the worker simply because of numbers. Just like when Pres Reagan fired all the air traffic controllers who went on strike in the 80s…they were all replaced with workers who valued those jobs and appreciated what was offered. Again, vote GOP and the unemployment mess goes away…vote Dem in Nov and for BO in 2012 this mess continues for 6 more years. Pick and choose wisely!
stands for decibels
July 27th, 2010
2:14 pm
And the 20% tax across the board? Plain old common sense and common dignity
Given that fica/med currently takes 15.3% when you count (and one really should) the employer match, I guess that means the first 106 grand would only get an taxed for an additional 4.7%?
Yeah, that’s gonna happen.
jconservative
July 27th, 2010
2:16 pm
We started cutting taxes and increasing spending in 1981.
And what party has been in charge the last 30 years?
Pres… House.. Senate
Rep…. 20….. 12….. 16
Dem…. 10….. 18….. 14
Looks like the Republicans have been in charge of the Presidency 20 of the 30 years. The Democrats in charge of the House 18 of the 30 years.
And the Republicans in charge of the Senate 16 of the 30 years.
By assigning a point for every year in charge, the Republicans win the “whose fault” game 48 – 42.
We are now in summer workouts but the new season starts after Labor Day. Then we will see who wins the real game in November.
The tragedy is that true fiscal conservatives will not be elected by either party. So a fiscal liberal government will be in place the next 2 years just as it has been for the past 30 years. (With the exception, of course, of the last 3 Clinton budgets. Which we can all agree has turned out to be an anomaly).
Saul Good
July 27th, 2010
2:17 pm
OF: “Answer this. How was the economy before the dems took over Congress in 2006?”
Talking on water…and FAST. Like an Astor clinking a crystal glass filled with champagne with the ship’s captain on the Titanic after the iceberg hit… the ship was already well on it’s way down to the bottom…all “upstairs” were still clinking glasses and thinking all was just dandy and fine. Sadly… the damage was already done.
John Birch
July 27th, 2010
2:17 pm
Total government (federal, state and local including social security and Medicare tax) revenues for 201 are projected to be $4.45T, 30% of projected GDP. When you add in a low deficit estimate, $1.55T, government expenses will be 41% of GDP. http://www.usgovernmentrevenue.com/
Any rational person, regardless of party affiliation, should understand this is unsustainable without becoming first Japan, then Greece, and then Mexico. So, like Greece, we need an austerity program with severe spending cuts, especially in the large ticket items like DoD, SS, Medicare and Medicaid.
John Birch
July 27th, 2010
2:18 pm
should be for 2010
Normal
July 27th, 2010
2:18 pm
Hey Fault, the Colts won the Super Bowl in 2007 — maybe THAT’S what caused the collapse that began later that year.
I KNEW IT!!! That midnight run to Indianapolis started it all. Stupid Colts!
Larry
July 27th, 2010
2:21 pm
Jay,
When the politicians realize that it is a spending problem, not an income problem, your trip on LSD will be over. The government has enough money and then some. They have absolutely no sense of discipline. You can tax all you want but until they address the real problem, there will be no unity on this issue.
Look at where the stimulus money has gone. Only government sector jobs are up. Since govenment eventually takes money out of the private sector to support it’s growth, all taxing does is take money out of circulation and redistributes it in an inefficient manner. You are talking about putting a bandaid on the problem and it won’t help as the politicians don’t have the dicipline to keep their hands off of any new revenue they find. That’s why Obama care was a lie, just like all of the fixes to SS and Medicare they have made. They won’t ever cut out the spending to pay for it, or if they do, they will use the “savings” for something else.
Fix-It
July 27th, 2010
2:22 pm
Yes Jay, you have been and continue to be on LSD! Why should that bother you, Obozo not only continued the trend he has given BILLIONS to rich people that have proven they do NOT know what to do with it. So give those bonuses bail out the rich! With all the Bush bashing you have done why is it ok for Obozo to give billions to the rich?
RW-(the original)
July 27th, 2010
2:23 pm
I’ll see your President Snowe and raise you a President Liebs
Normal
July 27th, 2010
2:23 pm
John Birch
July 27th, 2010
2:17 pm
Severe spending cuts in DoD, Congressional Saleries (actually Congress shouldn’t get paid at all because special interests buy them all up anyway)…Yes cut them to the bone. SS, medicare, medicade, Obamacare, and education, No! they are needed and needed badly.
Bosch
July 27th, 2010
2:24 pm
wet wiccan,
“It just astounds me to read these comments advocating for an aristrocacy.”
It’s because they think they are in it – or one day if they work hard enough they can be — and the ones in it, keep feeding them the garbage they need to keep on believing. And they they we are the ones hung up on hope and change.
barking frog
July 27th, 2010
2:24 pm
AmVet @ 1:44; I see you recognize superiority when confronted with it.
@@
July 27th, 2010
2:24 pm
Uhmmmm, jay?
What happened? Did you get lost on your own blog?
Schnirt!!!!!
barking frog
July 27th, 2010
2:26 pm
equality can only be found in poverty.
Mick
July 27th, 2010
2:26 pm
Conservative drivel – gov’t does not create jobs. Really? Every nut and bolt used to pay for military hardware creates jobs. Every gov’t worker has to use their paycheck to buy goods and services produced by the private sector. Bring back the WPA and the CCC and give those who need work a paycheck until the system gets back to some sort of equilibrium between the public and private sector.
TaxPayer
July 27th, 2010
2:28 pm
I’m still trying to get the Republicans to fess up on what caused global cooling!
larry
July 27th, 2010
2:29 pm
Mick
July 27th, 2010
2:26 pm
Conservative drivel – gov’t does not create jobs
Yes, they do. Just head over to Cobb County and take a look .
Fix-It
July 27th, 2010
2:29 pm
Granny you and Jay need to stop it with the cool-aid. Please tell me where the “GOP is calling for the biggest single increase to the deficit” By the way the GOP is NOT in charge, just in case you forgot, and it Obozo who spent more that Bush did in 8 years in 18 months. How can you loser liberals blame ANYTHING on the GOP when the dimacrats have a SUPER MAJORITY? But since math does not seem to be in the liberal vocabulary I will spell it out, the dimacrats DO NOT need a single GOP vote to do anything, so why are you crying that the GOP is the problem…..
AmVet
July 27th, 2010
2:30 pm
Yep, frog. I love laughing at meaningless platitudes. Or as I refer to it, Republispeak…
Lord Help Us
July 27th, 2010
2:31 pm
Fix it…meet the filibuster…filibuster meet Fix it.
There, happy? BTW the Dems do not have a super majority either…
Normal
July 27th, 2010
2:32 pm
the dimacrats DO NOT need a single GOP vote to do anything, so why are you crying that the GOP is the problem…..
There’s your sign…whew
Normal
July 27th, 2010
2:33 pm
AmVet
July 27th, 2010
2:30 pm
Mick
July 27th, 2010
2:33 pm
Fix-it @2:29
I would like to filibuster that statement.
josef nix
July 27th, 2010
2:34 pm
“Government does not create jobs..”
Well, yes and no. That’s why I keep asking where are all the public works infrastructural development projects?
Lord Help Us
July 27th, 2010
2:34 pm
‘By the way the GOP is NOT in charge…’
Just wanted everyone to know that Fix-it had One (and I had to look hard) small part of his post that wasn’t complete BS…
larry
July 27th, 2010
2:35 pm
And i will filibuster Micks filibuster with my own filibuster, and then i will filibuster my own filibuster with another one.
Goldie
July 27th, 2010
2:36 pm
The “trickled on” economics of the Reagan and Bush years are what got us to the current brink of disaster. Trillions in deficit due to never-ending foreign wars and defense budget bloats, and no funding for them! And the Repubs still think they deserve “to do more” for the American people… no way!
larry
July 27th, 2010
2:36 pm
FILIBUSTER !!!!!!
josef nix
July 27th, 2010
2:37 pm
AmVet
” I love laughing at meaningless platitudes. Or as I refer to it, Republispeak…”
The GOP certainly has no monopoly on this…call it what it is “Politispeak…” Two mutually unintelligible dialects, for sure, but the same language…
AmVet
July 27th, 2010
2:37 pm
Oil giant BP said it plans to offset the entire cost of its Gulf of Mexico oil spill against its tax bill, reducing future contributions to U.S. tax coffers by almost $10 billion.
BP took a pretax provision of $32.2 billion in its accounts for the period, for the cost of capping the well, cleaning up the spill, compensating victims and paying government fines.
However, the net impact on BP’s bottom line will only be $22 billion, with the company recording a $10 billion tax credit, most of which will be borne by the U.S. taxpayer, a spokesman said.
http://www.youtube.com/watch?v=J6_1Pw1xm9U
TaxPayer
July 27th, 2010
2:38 pm
A 20-foot geyser is shooting up from a damaged well head off the coast of Louisiana. It was hit by a tugboat. The good news is that the well is owned by the state of Louisiana so they don’t have to wait for an oil company or the fed or anyone. They can cut right through all that red tape and deal with it all on their own.
Tamye Bobbye
July 27th, 2010
2:39 pm
Yes the Republican Party is for EVERYONE, everyone who is obese, uneducated, white, balding or big-haired,loves Jesus and America and is stupid enough to think the real GOPers like Karl and Dick give a hoot about them.
TaxPayer
July 27th, 2010
2:41 pm
Repubs still think they deserve “to do more”
forto the American people… no way!There! I think that sums them up a little better.
wet wiccan
July 27th, 2010
2:42 pm
Bosch – If they think they are in it, they are delusional. The difference between business and BIG BUSINESS is like the difference between a grape and a watermelon!
Jack
July 27th, 2010
2:42 pm
Bookman wouldn’t have a job if corporations didn’t make money.
josef nix
July 27th, 2010
2:46 pm
Tamye Bobbye
Sounds like Bobby Jindal, Nikki Haley, Joseph Cao, Tom Cole to me…not GOP myself and don’t much care for them…but…and what’s wrong with loving Jesus and America?
Normal
July 27th, 2010
2:46 pm
Tamye Bobbye
July 27th, 2010
2:39 pm
Actually the GOP will slap those people on the back, throw them a bar-bar-b-que and maybe even pass out New Testiments printed in China just to get their vote…then those poor unwashed will be dropped like yesterdays underwear and the GOP will go back to the “poor” rich..you know the people they really work for…
Jack
July 27th, 2010
2:46 pm
It appears that some haven’t owned a grape or a watermelon. Until they own a business or a BIG BUSINESS. their opinions don’t amount to much.
Sick of Repubs
July 27th, 2010
2:46 pm
Breaking: Andrew Breitbart admits true allegiance to Al-Qaeda
http://pol.moveon.org/breitbart.html?id=22068-15400850-oCBCY.x&t=1
josef nix
July 27th, 2010
2:48 pm
wet wiccan
@ 2:42
Yep. And that, too….
mm
July 27th, 2010
2:48 pm
“So long as Democrats decide to exempt some entities like the NRA & Union from the campaign finance “reform”, there is no reason to support it”
Sorry Swami, the GOP put that stinker in the bill. If the Dems did it, it was an ignorant attempt to get GOP votes.
Based on wingnut logic, everyone should be striving to be CEO’s. Unfortunately there are jobs below them that must be filled so that the CEO’s can make 500 times the pay of the “ordinary” folks.
josef nix
July 27th, 2010
2:48 pm
normal
Sound like fierce advocates to me…
Travelin Oxendine
July 27th, 2010
2:50 pm
Speaking of going down the rabbit hole how about GeorgiaNavigator where one can click on Macon Streets or I-475 and be rewarded with NIGHT SHOTS of JUNE 21st!!!! Good luck drivers attempting to decide on I-475 or going thru downtown Macon!!!! Typical state of Georgia crap!!!
http://georgianavigator.com/cameras
pat
July 27th, 2010
2:51 pm
That’s because you see talking points as fact and not actual facts. First, the republicans weren’t blocking unemployment benefits for fun, t hey were blocking it until a provision was put in to recoup the money so as to not increase the record breaking deficit, that’s all it was about. Of course the media will lie and say they just hate unemployed people. Idiots.
Second, small businesses make up 80% of the employers in this country. They’re business is recorded as income tax. If you tax them more, they can spend less on their business.
Why do liberals hate Americans so much they won’t even let them operate their businesses? Why are rich people greedy, unless they are democrat politicians, then they are ok? Why should I be required to pay more money to the government, when they have no fiscal responsibility on their own? The taxes I pay could not even cover Nasty Pelosi’s $18,000, per month office lease for one month, yet that’s the kind of crap we pay for.
Why is it bad for Americans to be greedy, but it’s not bad for the government to be greedy?
How’s this jobless recovery grabbin’ ya?
mm
July 27th, 2010
2:51 pm
“That’s why I keep asking where are all the public works infrastructural development projects?”
They died in the Senate thanks to the Grand Obstructionist Party.
pat
July 27th, 2010
2:53 pm
Every liberal here needs to volunteer $100 per month to the government. If you think taxes are so great and so well used, do that and I will follow suit.
You don’t have to wait for taxes to go up, they’ll take your money if your offering.
josef nix
July 27th, 2010
2:53 pm
mm
What were they?
Outhouse GoKart
July 27th, 2010
2:54 pm
All I can say is it will be nice seeing yet another Rep Govenor, Reps taking back Congress, lame-ducking Obama then taking back the Presidency then taking back America!!
“GOD BLESS AMERICA
LAND THAT I LOVE
STAND BESIDE HER AND GUIDE HER
THRU THE NIGHT WITH A LIGHT FROM ABOVE
FROM THE MOUNTAINS TO THE PRAIRIES
TO THE OCEAN WHITE WITH FOAM
GOD BLESS AMERCIA MY HOME SWEET HOME…
GOD BLESS AMERICA MY HOME SWEET HOME!!”
wet wiccan
July 27th, 2010
2:56 pm
Until they own a business or a BIG BUSINESS. their opinions don’t amount to much.
Excuse me, but whether I own a business or not, whether I am weathy or not, I am just as entitled to my opinion as you are, sir. And when I vote, I vote for who best represents my interests, the same as you!
mm
July 27th, 2010
2:56 pm
Pat,
“Second, small businesses make up 80% of the employers in this country. They’re business is recorded as income tax. If you tax them more, they can spend less on their business.”
You do realize the Dems have passed several tax cuts for small businesses, and the GOP tried to block the bills.
And who hates America? You people are laughable.
” t hey were blocking it until a provision was put in to recoup the money so as to not increase the record breaking deficit, that’s all it was about.”
But it’s ok (according to the GOP) to continue the Bush tax cuts and not pay for them which will increase the deficit another $670 billion.
The left side of yur mouth doesn’t agree with the right side of yur mouth.
pat
July 27th, 2010
2:59 pm
Liberals, the any enemy of republicans is their freids…
Liberals, they tolerate anybody who agrees with them.
Liberals, hate Christians and Jews, love muslim extremists.
Liberals, it’s OK for gays to protest, but conservatives should be prohibited.
Liberals, they make everybody else do the heavy lifting, they just want to reap the rewards.
Liberals, hard work is a dirty word.
Scout
July 27th, 2010
3:00 pm
“OFF TOPIC #1″
Headline: (CNN) – “President Obama is taking some flak from a fellow Democrat over his plans to appear on daytime gabfest The View later this week. Speaking on MSNBC’s Morning Joe, Pennsylvania Gov. Ed Rendell suggested the ABC talk-show – which often directs its focus on tabloid stories and celebrity mishaps – may not be an appropriate forum for a sitting President of the United States.”
I disagree. I think it’s entirely appropriate for a President of his caliber.
Daddy, would you please get me Whoppie’s autograph ?
pat
July 27th, 2010
3:01 pm
mm, small businesses pay income tax, dingbat. They are the rich your trying to tax….
Scout
July 27th, 2010
3:05 pm
“OFF TOPIC #2″
SEE ! Just what a Jr. Varsity President should be doing !
Headline: “Obama will make history as the first sitting president on a daytime talk show when he visits ‘The View,’ and to do it he’ll miss the Boy Scouts’ Jamboree marking the group’s 100th anniversary.”
Normal
July 27th, 2010
3:05 pm
pat…think…decaf…
Gammer
July 27th, 2010
3:05 pm
Hope and Change. Sign me up!!
http://online.wsj.com/article/SB10001424052748703995104575389430430274968.html?mod=WSJ_Opinion_LEADTop
Normal
July 27th, 2010
3:06 pm
I would like this, especially if they add Afghanistan and Iraq…
http://www.thenation.com/blog/37955/wikileaks-shake-washington-congressmen-propose-vote-exit-pakistan
TaxPayer
July 27th, 2010
3:07 pm
Someone must have forgotten to warn pat about taking the pills.
Fix-It
July 27th, 2010
3:08 pm
Lord help us, Yes you do need help, since you are so smart that farts don’t matter, please tell me where you think I am wrong. I forgot the dimacrats have never done a filibuster for Bush, oh wait I can’t say that it is NOT a fact. Maybe I could say how fiscally responsible the dimacrats have been, NO that would be a lie. How come you liberals who cried the blues every time Bush bought toilet paper are not SCREAMING at the quadruple Bush spending Obozo has done in 18 months? Is there a problem with FACTS Lord help us?
booger
July 27th, 2010
3:09 pm
mm,
Would you like to list all the tax breaks for small business. Now offset that with increase in minimum wage, forced health care for their employees, tax increase at the end of the year, potential cost of cap and trade. Now do the math.
Fix-It
July 27th, 2010
3:10 pm
Which side of the fence?
If you ever wondered which side of the fence you sit on, this is a great test!
If a Republican doesn’t like guns, he doesn’t buy one.
If a Democrat doesn’t like guns, he wants all guns outlawed.
If a Republican is a vegetarian, he doesn’t eat meat.
If a Democrat is a vegetarian, he wants all meat products banned for everyone.
If a Republican is homosexual, he quietly leads his life.
If a Democrat is homosexual, he demands legislated respect.
If a Republican is down-and-out, he thinks about how to better his situation.
A Democrat wonders who is going to take care of him.
If a Republican doesn’t like a talk show host, he switches channels.
Democrats demand that those they don’t like be shut down.
If a Republican is a non-believer, he doesn’t go to church.
A Democrat non-believer wants any mention of God and religion silenced.
If a Republican decides he needs health care, he goes about shopping for it, or may choose a job that provides it.
A Democrat demands that the rest of us pay for his.
John Birch
July 27th, 2010
3:11 pm
Normal – Those transfer payments are perhaps desirable, especially for the recipients, but you have a strange deifinition of need. Kind of like I absolutely need a 150 foot luxury yacht but I still can’t pay for it. I believe Americans somehow survived prior to 1935 and 1964 respectively without those programs. We may or may not have “needed” SS during the Depression, but we don’t absolutely need it now. Like universal health insurance/care, these are desirable luxuries that, unfortunately, we can no longer afford. If changes aren’t made, and pretty soon, we will deifict spend our way into thirld world status and then all you bleedding heart libes will be happy I guess, but the peeps still won’t have SS or Medicare or Medicare or health insurance.
Jack
July 27th, 2010
3:12 pm
It’s a good bet that some that claim to vote their interests don’t even know where the polls are.
Granny Godzilla
July 27th, 2010
3:12 pm
Fellow lefties…..good work today.
You got ‘em claiming we hate America and bursting into song.
It’s like an intertubes tea party…..
Jefferson
July 27th, 2010
3:15 pm
Keep kiss butt GOPers, it is an aquired taste.
Atlas Shrugging
July 27th, 2010
3:15 pm
Jay you such a socialist, go get a real job and do something that is productive, unlike your blog which is without question destructive. Your livelyhood is based solely on generating hatered between the repu-gnants and dem-wits, minorities and majorities, have and have nots, parasites and taxpayers, etc.
TaxPayer
July 27th, 2010
3:18 pm
Fix-It,
Take the red pill next. It’ll make you feel taller.
larry
July 27th, 2010
3:21 pm
All I can say is it will be nice seeing yet another Rep Govenor, Reps taking back Congress, lame-ducking Obama then taking back the Presidency then taking back America!!
I have the right song for ya!!
DREAM ON!!!
Normal
July 27th, 2010
3:23 pm
Scout
July 27th, 2010
3:00 pm
Just so’s ya know…
From “Laugh In”…
During the September 16, 1968 episode, Richard Nixon, running for president, appeared for a few seconds with a disbelieving vocal inflection, asking “Sock it to me?” Nixon was not doused or assaulted. An invitation was extended to Nixon’s opponent, Vice-President Hubert Humphrey, but he declined.[2] According to George Schlatter, the show’s creator, “Humphrey later said that not doing it may have cost him the election”, and “[Nixon] said the rest of his life that appearing on Laugh-In is what got him elected. And I believe that. And I’ve had to live with that.”[3]
Laugh In also did an episode in ‘68 Called Twenty Years from Now in which they has Ronnie as the President. It was said to be very funny.
JS
July 27th, 2010
3:24 pm
Jay,
I think you’ll get to have it your way. Taxes ‘on the wealthy’ will be raised. Those ‘Bush tax cuts’ will be allowed to expire while the new healthcare taxes start up.
Please explain how this will improve the job market…and then we’ll see if you are right.
TaxPayer
July 27th, 2010
3:25 pm
So, BP will get themselves a 10 billion dollar tax credit to cover the cost of their spill. That should be enough to make the Republican’s apologies sound sincere.
Curious Observer
July 27th, 2010
3:29 pm
Those ‘Bush tax cuts’ will be allowed to expire while the new healthcare taxes start up.
Oh, grow up, please! Anybody who knows anything about national politics knows that the extension of those tax cuts is a mere bargaining chip. The Republicans will get the tax cuts extended in exchange for bending on other issues. It’s the way things have always worked in DC.
Fix-It
July 27th, 2010
3:29 pm
If Obozo had a half a brain he could kill 3 birds with one stone. Take all the people on state welfare programs that are not working, and can travel without family issues. Send them to the Louisiana coast to clean up. Have the hotels paid for with TARP funds and pay the workers minimum wage while they work. 1. The coast gets cleaned up, 2. The hotels bring in revenue, 3. The local economy will be helped from the workers spending money locally. Better yet have BP pay them and the hotels… I guess all that Ivy League education can’t think of these things, by the way if he is so smart why did he seal his school records? The first and only president to EVER seal school records.. WHY?
williebkind
July 27th, 2010
3:30 pm
Ok, the democrat is coming out of me…I say put a cap on max wages. You can not earn more than 5 million a year without being taxed 95%. The employers who would pay someone more than that is usually board members who simply look after each other. Atheletes, new commentators, news anchors, ceo’s, politicians, and managers make more than than is required to have the American dream. There is greed. Both parties are full of it. Now is it not shameful that Heinz ketchup can not pay the taxes for a yackt to be stored in the buyers home state.
Fix-It
July 27th, 2010
3:31 pm
Taxpayer, I don’t need your drugs, but I know many liberals that want them….Lord help us, taxpayer has something for you…
andygrd
July 27th, 2010
3:33 pm
AMVET, not sure if that stands for American Veteran, but if it does, Thank you for Serving. I retired from the military a number of years ago, and I am now in the private sector.
To address your comments…
andygrd, as in how CEO pay went up 240% in ten years while worker pay went up 4% during the same time? I would like your source on that statement. Workers pay only went up 4% in ten years, I don’t think so. My knowledge of the various industries does not support your comment.
Or maybe you were referring to upping the $300,000,000,000.00 every single year given away by Uncle Sam (YOU AND ME) in corporate welfare? And what is corporate welfare you speak of….
Perhaps you advocate that we need MORE of that fiscal conservatism that screws working Americans so fat cats and their corporate fleecing machines can make even greater profits? Yes we need more fiscal conservatism. And how is that screwing working Americans… in what way. What about the fleecing of America by repeal of the requirements for Project Labor Agreements, which hurt Small Businesses and favor of unions. You have to be a member of a union to work on a Federal Project. Hum…. President Bush stopped that practice and President Obama repealed it… Of course in favor of the unions. Higher cost to the American taxpayer……
Are you a CEO?
Did you get the memo? That trickle down/voodoo economics is a tragic joke?
No, I was a COO. I did get the memo, and it does work. Let me guess, you work, you come home, have a few beers, watch some senseless TV, and complain how life has treated you unfairly. And what have you done for yourself? Have to educated yourself to change jobs? I bet you work for a union and you are protected? You watch liberal TV, and you believe all that they tell you as gospel.. Because you fail to grasp the true implications.
Where is your proof for your comments above? I have seen you cite Youtube as a source… and you believe it? I suggest you pick up a non-partisan book and about the current state of economic affairs.
Outhouse GoKart
July 27th, 2010
3:36 pm
Obama hates the Boy Scouts of Amercia. If it was the Boy Scouts of The Islambs he would be front and center.
Fix-It
July 27th, 2010
3:37 pm
Here is something only a loser liberal could defend…. so come on let me hear the defense of this idiot Barney Frank, by the way if you or I was growing pot in our basement we would still be in jail…. But not Barney
http://jammiewearingfool.blogspot.com/2010/07/barney-frank-flips-out-over-dollar.html
neo-Carlinist
July 27th, 2010
3:39 pm
JB, a couple of tweaks. the internet was developed by a three-headed monster comprised of government (DoD), private sector government contractors (IBM, Honeywell, DEC, BBN, etc.) and universities (M.I.T., UCLA, etc.). it is somewhat misleading to suggest that the the government’s investment in internet “created jobs”. it created a .com bubble, which created vast wealth for a handful, but when the bubble popped, the jobs went away (this would be like saying the housing bubble “created jobs” in banking and the mortgage industry). that’s not to say the internet did not create opportunities for some, but again, when the real “wealth” created had more to do with “pump and dump” ponzi schemes on Wall Street, as opposed to the true value of technology; one has to wonder about the economic (as opposed to political) value of a “job”. the only way a “job” helps the economy is when the income produced at the “worker bee” level cycles through the economy – a portion goes back to Uncle Sam via income taxes, and a portion is used to purchase goods and services. our current model (hoarding cash) is choking the economy, and the biggest hoarders are the banks, who beleive they “own” the currency.
Fix-It
July 27th, 2010
3:40 pm
Why not the FairTax? Why do we need over 80,000 pages of tax code?
mmm, mmm, mmm, Barack the Liar Obama - BEND OVER, Here comes the CHANGE!
July 27th, 2010
3:41 pm
Right is LEFT in Bookman’s logic!
jt
July 27th, 2010
3:41 pm
As if,
Even if we did raise the tax on the “rich” to 99%,
the money would go to pay down the deficit, or relieve the middle class. Riiiiight…..
I’m sure Rangel would be responsible.
jt
July 27th, 2010
3:45 pm
Also,
as per the federal goverment’s statistics ( for whatever those are worth),
and a speech by the Honorable Ron Paul yesterday,
we now have 11,000 security people per 1 Al Quida member.
That’s 11,000 to ONE.
Keeping us free.
Fix-It
July 27th, 2010
3:45 pm
Our loser government, both parties, have been doing one thing for so long they don’t know what else to do. They keep getting together to decide how to spend your money. They need a new mission, get together and decide what to cut, where to save money. Oh wait is that “Pay-Go”, the law the dimacrats passed and broke their own law with the next bill, sorry libs it is only a fact…
Why do the dimcrats want the death tax? Didn’t they get taxed on the money they made while alive? So why do they want 55% after death? I do believe that all goods should have the lable to show all the embedded taxes on the goods you buy. I think people would have a heart attack
popeye
July 27th, 2010
3:46 pm
josef…. “Well, yes and no. That’s why I keep asking where are all the public works infrastructural development projects”?
Have you checked out Indian Trail Road of late? How about Lawrenceville Highway? Maybe Pleasant Hill Rd? And probably a lot more. These are all under major reconstruction paid for
by the stimulus bill.
mmm, mmm, mmm, Barack the Liar Obama - BEND OVER, Here comes the CHANGE!
July 27th, 2010
3:50 pm
Business as usual with the NObama administration:
(CBS) With a $13 trillion debt, why is the Department of Justice spending money on parties and rollercoaster rides rather than investigating crime, drug cartels, prosecuting terrorists?
Untold millions of your tax dollars are paying for recreation in the name of crime prevention: pool parties, rollercoaster rides, and police donut-eating contests. The idea is that fun activities keep kids out of trouble, build self-esteem and prevent crime.
I feel safer…..mmm, mmm, mmm…
Goldie
July 27th, 2010
3:54 pm
Only Repubs are thoughtless enough to apologize to BP for being forced to pay for wrecking the Gulf coast!
mmm, mmm, mmm, Barack the Liar Obama - BEND OVER, Here comes the CHANGE!
July 27th, 2010
3:58 pm
Goldie – Oh yeah, an ACCIDENT was their intention….get off your wealth envy.
Goldie
July 27th, 2010
4:05 pm
Hardly an ACCIDENT, Bend Over– BP knew they were working with defective equipment out in the Gulf and kept on drilling anyway! Oh, and they were supposed to have “an emergency plan” for cleaning up such disasters, yes? They cut-n-pasted operating manuals from the Arctic so that their plan in the Gulf called for cleaning up walruses also — all those BILLIONS of tax credits from Americans and they’re screwing up our oceans! If you’re not outraged at how BP has been operating, you’ve been watching too much Fox Noise!
Smelly Redneck Yokel
July 27th, 2010
4:08 pm
Why not the FairTax? Why do we need over 80,000 pages of tax code?
Dang straight! I wouldn’t mind paying a extra 80 cents for a loaf of bread or 50 cents more for a PBR. The guvmint wouldn’t get none of my paycheck then. Besides, eating a little roadkill never hurt no one.
Scout
July 27th, 2010
4:12 pm
Normal:
I saw the Nixon episode on “Laugh-In” live that night from my hospital bed at the Camp LeJeune Naval Hospital when I was recovering from malaria.
I thought it was very “tacky” then for the Commander in Chief (especially in time of war) and I think it’s “tacky” now.
Just sayin …………….
mmm, mmm, mmm, Barack the Liar Obama - BEND OVER, Here comes the CHANGE!
July 27th, 2010
4:15 pm
Goldie – Prove it. Or, go on drinking your Gulf Oil Kool-aide. Besides if Obama didn’t have his head up his asss he’d be MORE involved instead of golf and Paul McCartney love fest.
AmVet
July 27th, 2010
4:24 pm
“Let me guess…”
No andygrd, don’t. It only makes you look ignorant. Excuse, ever more ignorant.
To wit, twit. “I have seen you cite Youtube as a source.”
??????
I’ve read MANY shockingly stupid things on this blog before, but that one is right near the top. Seriously.
For a supposed COO (Yeah, riiiight, and I’m the Queen of friggin’ England).) you are amazingly uninformed. You have no concept of corporate welfare? Stunning. Do you live under a rock? And you have nary an inkling of the shocking rate of raise in incomes between CEOs and workers over the past two decades in particular? Life sho must be comfy in that parallel reality of yours.
No worries. I could post corroboration, data, facts, evidence, links and information all day long to fully support those irrefutable facts and you would not grasp the basics. I know becuase i have seen numerous other fake conservatives do so on this very forum. Worse yet, you would never even have the courage to acknowledge those facts as reality. If you haven’t by now, there is almost no chance you ever will.
Like I say, it must be awfully dark up there…
mmm, mmm, mmm, Barack the Liar Obama - BEND OVER, Here comes the CHANGE!
July 27th, 2010
4:40 pm
I guess this was BP’s fault too.
Not again! A new oil leak has hit the Gulf Coast today after a small boat collided with a wellhead near ecologically diverse Barataria Bay, La.
TGT
July 27th, 2010
4:56 pm
It’s a pretty graph, but it’s nearly meaningless. All it mostly does is illustrate the power of large numbers. Over that period of time, of course a larger amount of money will grow at a faster rate. (You pull out the top 1% of anything and it will significantly stand out.)
Also, consider it this way: the income for the top 1% grew at a factor of 3.7 times. The income for the middle 60% grew at a factor of 1.3 times. It doesn’t appear so ominous looking at this way.
Also, what would you have the govt. do Jay, redistribute? Do you think higher taxes on the very wealthy would change this graph much? I doubt it. Most of them didn’t become wealthy by being stupid. Is there anything short of literally taking the money from the top 1% and writing checks to the other groups that would satisfy you libs?! The tax structure should be fair for all. The tax structure that enables a poor man to become rich should not change (much) once he becomes rich.
Also, where did the much of the lower 99% draw their income from? That’s right. From the top 1% and the wealth that they create.
TGT
July 27th, 2010
4:58 pm
Excuse me: Also, where did
themuch of the lower 99% draw their income from? That’s right. From the top 1% and the wealth that they create.TGT
July 27th, 2010
5:07 pm
That last statement would include you Jay. You work for Cox Enterprises whose majority owner Anne Cox Chambers is #26 on Forbes 400 richest Americans:
http://www.forbes.com/lists/2009/54/rich-list-09_Anne-Cox-Chambers_OR0X.html
(And, hold on libs, She INHERITED IT! Where was that death tax!)
Be careful Jay, don’t want to bite the hand that feeds you.
andygrd
July 27th, 2010
8:53 pm
AM VET… typical bleeding heart liberal…All talk and you are unable to backup your comments… So typical and sad…..
First, you really must learn to type, spell and construct coherent sentences.
Second, you watch too much TV… especially the liberal stations.
Third, if you can’t cite creditable sources, you should really sit on the porch……
The US today « Later On
July 28th, 2010
12:58 pm
[...] Benen: The Atlanta Journal-Constitution‘s estimable Jay Bookman tried to wrap his head around the current political landscape, and felt like he’d fallen down a rabbit hole. Here we are in the smoldering ruins of an [...]
Michael
July 28th, 2010
4:54 pm
Ye Gods….The STUPID in these comments is strong. My sincere condolences, Mr. Bookman. Nice post, by the way.
Zorro
July 28th, 2010
5:04 pm
Dear Bend Over, BP drilled the well with their equipment and their employees. When things went disastrously wrong, they alone are responsible and should pay for all the damages. Who in their right mind would disagree with that? If you don’t think BP should pay for it, who should? Would you prefer a President that didn’t make BP pay for it? And who would that be?
Zorro
July 28th, 2010
5:12 pm
Dear Bend Over, Goldie doesn’t have to prove anything to you. There is ample information on the internet alone regarding BPs long, long record of saving themselves money by cutting corners on safety. Compared to the other oil companies, BP seems to be in a class by themselves in terms of reckless and irresponsible behavior. But if you really want the facts, go find them, and don’t expect other bloggers to do the research for you.
Southern Beale
July 28th, 2010
5:34 pm
Let me add: here we are nearly four months into a massive oil spill polluting the Gulf of Mexico, the largest environmental disaster in U.S. history, and we are unable to pass legislation that would prioritize clean energy and wean us off the oil tit. Meanwhile, Republicans and industry throw hissy fits over a precautionary moratorium on 33 ultra-deep oil rigs, when over 3,000 oil wells keep pumping out oil in the Gulf, business as usual. Our complacent media, Mr. Bookman notwithstanding, appears not to notice.
Yes we live in a crazy, crazy world. I stopped trying to make sense of it months ago.
In Media Res « Just Above Sunset
July 29th, 2010
3:54 am
[...] But Americans are perpetual adolescents and want an ending. So we make things up. The Atlanta Journal-Constitution’s Jay Bookman hints at that with his assessment of the current political landscape: [...]
Connell
July 29th, 2010
2:43 pm
Not hard to spot the class traitors. They’re watching Fox News. It’s easier to be told “the truth” than to think things through all by your lonesome. … Why anyone who earns less than $100,000 a year would identify with the Republican Party defies all logic. I suppose some fellows just like sucking up to rich folks. Know your place, right? Know who your betters are.