Horrible Economy, High Taxes, Obama's Approval Rating 60%----Bizzaro World (independent, fence, Miami)
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They just recognize that the struggling economy has to be the fault of a cut in defense spending, Hurricane Sandy, the European struggles, the Arab Spring, the previous administration, ATM machines, Fox News etc. but nothing at all related to our economic policies.
Dont forget the horrible Flu epidemic and the bitter clingers
federal INCOME taxes are at some of their lowest "rates"
but federal "all types" of taxes at at some of the highest
Ah yes, the intetnionally temporary reduction in Payroll Taxes ended and so we are back to the same rates we all havie been paying over the past 20 +/- years.
Cap gain taxesiwere restored to the pre Bush rates that were prevelent for decades. This increase impacts only those who have an income > $400/450K
1. many, many ''write-offs' back then
2. the rich (top bracket) in the 1950s was those households making more than 380k...over 3 million in todays dollars
More tax shelter were available to higher income earners in the 50's than have been available for many decades. No one paid an effective tax rate of 90% back then, no different than how no one is paying a 35% tax rate, now.
It's important to note that low-mid income earners paid a higher tax rate in the 50's than they currently do. Many low income earners with children beneift from dependent decdtions and the Earned Income Tax Credit that been around for decades.
Yeah, it should be higher. Apparently 40% are dumbed-down right-wingers or Fox viewers. Maybe Americans are catching on to the crooked and obstructionist repubs over the last four years. About time imo.
Trent Lott in 2007: "The strategy of being obstructionist can work or fail...and so far it's working for us. Democrats are taking the blame for not getting anything done."
From the article: "Think of it as a two-part strategy. First, obstruct any and all efforts to strengthen the economy, then exploit the economy’s weakness for political gain".
The repub strategy for at least the last four years. So what kind of "patriot" attempts the nation's economic destruction for his own political gain? There's a word for it.....
This is an easy one. There are more People in the wagon, than pushing it. More entitled folks than not.
The number of people 65 and older increased by a whopping 15% between 2000-2010. Since then, the number increases by 10,000 people a day.
In 2001, then Secty of Treasury let it slip that there were no assets in Social Security. Nothing was done and the can was kicked into the future.
Seniors are the greatest users of Section 8 and are no strangers to the SNAP food Program.
The payout on Medicare is 3/1. Medicare was never designed to be self funded and required a subsidy from general revenues since day 1. A 25% subsidy in the early 70's is now 40% and projected to grow to 50% by the end of this decade. This is the bipartisan mess Obama inherited and did so at the brink of a unprecidented global financial disaster.
If you want to believe Romney/Ryan had a magic wand and were going to fix 40 years of insanity and
put more money in your pocket, you are entitled to your hopeful and unrealized fantasies.
If you want to believe that on some level, Romey is doing the Happy Dance that he dodged a bullet, we have some common ground.
It's really no different when conservatives were so surprised that their conviction that Romney would win in a landslide turned out to be wrong. Those people, in a closed group, repeat the same things to each other reinforcing their own opinions. In warfare it's called "Incestuous amplification" -- "A condition in warfare where one only listens to those who are already in lock-step agreement, reinforcing set beliefs and creating a situation ripe for miscalculation."
So, instead of stepping back, these people double-down on wrong, reject the information, making excuses for why they are really right.
The number of people 65 and older increased by a whopping 15% between 2000-2010. Since then, the number increases by 10,000 people a day.
In 2001, then Secty of Treasury let it slip that there were no assets in Social Security. Nothing was done and the can was kicked into the future.
You keep repeating that so, here, take this in fully so that you don't continue to outright lie...
Quote:
3/20/2001
Turning to the combined OASDI Trust Fund, the Trustees report a financial outlook that has improved a little since last year -- a projected exhaustion date of 2038, one year later than last year. Still, the fund continues to be in long-term deficit - with a financing gap equal to 1.86 percent of payroll. Moreover, once the baby boom generation starts to retire, financial pressure will build and continue to be a factor beyond the 75-year projection period.
Obama is viewed favorable because he represents everything that is "cool" today, the same reason he won the election. It really won't surprise me if the media tries to paint him out to be the greatest President in all history after he gets out of office.
No such thing as the greatest President in history, when viewed through a rear view mirror.
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I call it an echo chamber.
