Wednesday, March 11, 2009

AND ANOTHER THREE QUICK THINGS

1. This budget has fifty percent less "earmarks" than the previous one according to nonpartisan watchdog groups.

2. The "earmarks" part of the budget is less than one percent of the budget.

3. Yet the rightwing Republicans still get to dominate the topic in the media, as almost no one is talking about how Bush Junior's administration never included the cost of the Iraq and Afghanistan wars in his budgets but Obama is, making it the first HONEST BUDGET in a very long time.

(Obama promises in HIS budgets, ones that originate from HIS office—this one originated before he came into office—will be gone over line-by-line by him to insure no "pork"—i.e. "earmarks" that do not serve a common welfare purpose. So, I will be holding him accountable next year, when that time comes, unlike my rightwing Republican friends who now blame Bush Junior for things they wholeheartedly supported at the time, and on the record. As we learn from Jon Stewart, watch what you put on tape or in e mails or blog comments etc.)

4 comments:

JIm said...

If you still consider me a friend, you can check old blogs, where I crticized Republican spending. Folks on both sides of the aisle have supported earmarks. McCain was a lousy candidate but he at least got earmarks correct before and after his candidacy. Earmarks contribute to government corruption by facilitating payoffs to contributors. With so much money at stake, there is bound to be corruption. Just say no to earmarks and government corruption.

The Kid said...

This is an interesting analysis, to add to the discussion:
http://www.fivethirtyeight.com/2009/03/missing-1000000-tax-bracket.html

Butch in Waukegan said...

Re The Kid's link, from the Timesonline.co.uk (btw owned by Rupert Murdoch - what’s his tax rate?)

Speaking at a $4,600-a-seat fundraiser in New York for Senator Hillary Clinton, Mr Buffett, who is worth an estimated $52 billion (£26 billion), said: “The 400 of us [here] pay a lower part of our income in taxes than our receptionists do, or our cleaning ladies, for that matter. If you’re in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.”

Mr Buffett said that he was taxed at 17.7 per cent on the $46 million he made last year, without trying to avoid paying higher taxes, while his secretary, who earned $60,000, was taxed at 30 per cent.


We should also consider the “American” companies who establish off-shore entities to avoid taxes. See this list, which includes many companies who are now receiving billions in bail out money from our our bipartisan “leaders” - the list includes
J.P. Morgan Chase, Bank of America, Morgan Stanley and Citigroup.

http://www.citizenworks.org/corp/tax/top25.php

The stimulus plan pales when compared to the money the banks have been given, and continue to demand. The balloon has popped, but both the Republicans and Democrats (lead by Obama) are furiously trying to blow it up again, using our money. It’s a fool’s errand.

JIm said...

Hosonna, hosanna, hosanna ho!!!!!!!!!!!!
According to the W St Jr. Obama is considering lowering corporate taxes. Can lowering of capital gains tax be far behind. It is remotely possible that common sense can penetrate his ultra Liberal exterior. If he accomplishes that, the US and the world will be better off.