Sarah Palin on SNL tonight - Page 35

Aw geez, Micky and keepthefaith, differing in good faith isn't nearly as much fun as calling those who disagree morons and idiots and making unfounded claims against either candidate.

 Whoop!  KTF, watch this video.  Pay special attention at the very end...

Clinton/Gore, 2008, here we go!

http://www.youtube.com/watch?v=zAEE1_IUycs&eurl=http://www.freedomslighthouse.com/2008/10/biden-drops-obama-tax-threshold-from.html

Good old Joe (Biden, that is).  Gotta love him.

Whoop what?  Yes, Obama will CUT TAXES for those making less than $200,000 and will not RAISE TAXES on those making more than $250,000.   I see no "oh snap" moment here.

Sue,

Biden said for people making under 150,00........deniel is not becoming

RPK

A doze of reality never hurt any one. The US and the rest of the world are set for serious recession. The benchmark interest rate was just cut to fifty-year low of one percent. The true budget deficit exceeds a trillion dollars. As downturn deepens government revenue will decrease, with a simultaneous rise in welfare payments. Trade deficits have been the norm since the 70’s – 1.5 trillion for last two years combined. Federal debt stands at 10 trillion; unfunded social security and medicare commitments total 60 trillion. Two wars and yearly military expenditure of one trillion. 

Globalization has undermined US international competitiveness, with jobs moving offshore, again ever since the 1970’s. The world’s focus and general economic momentum is shifting ever more East, whereas the US continuous to live well beyond its means, as partly financed by Asia (China and Japan own half of all US Treasury Bonds). In another seven years China will overtake the US as the world’s largest economy – India isn’t far behind.

It’s not a question of nibbling little tax adjustments. Nor of indulging in pointless ideological mantras about capitalism versus socialism – scarcely relevant and a debate most Europeans left behind years ago. And which the Republicans turned on its head anyhow. Besides, past US economic might and material prosperity flowed not from capitalistic purity as a large domestic market, inherent economies of scale and related competitiveness. Which, together with cheap labor, later also spurred Japan’s economy, as now China’s etc. All it took to overturn Russia’s communist ideology were beamed television images of Western lifestyles – they at least saw the light! No, it’s time for belt tightening and substantial change. Obama knows it well I think but also realizes he’d lose the election if he dared to voice what’s really needed.

Tax is also merely one half the equation: it’s pointless bleating about shortcomings in education, pensions and health care etc whilst simultaneously demanding less tax! You can’t have your cake and eat it! The real question must be about how well the taxes are spent – value for money in other words. Federal income tax impacts as part of a package of regressive State, payroll and local levies and should be viewed as such. Again since those magical 70’s, the middle and working classes, the vast majority, have financially gone backwards or stagnated, whereas the top slice prospered and got richer. Somebody’s got to pay and a fair tax is one based on the ability to do so. Those earning over $150 000 could easily and without hardship absorb higher rates of say 40% at $200 000 increasing to 45% at $250 000. (Before unification surcharge of 5.5 %, Germans pay 42% for income over 52 000 Euro and at a 45% rate once they hit 250 000; the English, other than their VAT of course, start paying at a 40 % rate as soon as 34 800 pounds.) 
 

not so nice fighting here

That's just great chisum,

Just what America needs.......another social engineer

Thanks,

RPK