Watchhttp://www.youtube.com/watch?feature=player_embedded&v=07fTsF5BiSM
......."Posing as an anti-business crusader, Peter Schiff found a number of DNC delegates and attendees who support explicitly outlawing profitability. We deliberately avoided speaking with the occupy protestors camping outside in tents to get a more "mainstream" Democratic perspective!"
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Political satire died with FAIR & BALANCED !
Your just sick and twisted.
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marcus says
I am not sure what youare saing in that post , just a dumb servant of my masters you know. I have said repeatedly that G.W.Bush screwed the pooch. How many ways do you want me to say that. So now if we put a stake through his heart( and Mine) and skin all the republicans in congress(house and senate) And sing all hail all hail. Then confiscate all conservatives assets. How's that ? agood start
At present spending levels, the tax base would have to go to 85% at the top and not scale back a lot down the line. I understand that the Dem's don't mind raising taxes. Warren Buffet says he doesn't pay enough taxes. Maybe if he paid the Billion or so back taxes his corp owes, that would have more impact.
Then let's cut some real losers out of the budget like ah the heck with it
The government is too dadgum big.
Businesses are moving to other countries with better tax structures, taking jobs. and Russia, Russia for crying out loud has a flat tax.
So lets figure out who's to blame and then......point
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marcus says
as opposed to the high yield we get from the gov ponzi scheme called social security. You guys win. It's all rich Republicans fault , and corporations but mostly G W Bush. so let's don't change anything, just kill the corporations or drive them out of the country, then the conservatives and libertarians, and then you'll have Utopia, really....I'm serious.... don't change a thing. do what feels right
Just a real quick poll....
How many of you own your own business?
And how many of those are lawyers?
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Davis, CA
Schiff is a tool.
When McCarthy went hunting for closet Commies, he found 'em!
No surprise there.
Social Security is solvent since 1935. Can't think of any private insurance outfits anywhere near as large that remained intact for so long.
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Check out the top income tax rates for the USA during the 'greatest generation'. http://www.ntu.org/tax-basics/history-of-federal-individual-1.html They were about 80-94%. It's not something you'll hear from the media but if you think it through you'll realize high income tax on exorbitant pay prevents looting of companies and corruption in politics. Both of which are now at epidemic levels and destroying this country.
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Vicente says
Bowles Simpson commission in senate hearings:
“What people sometimes forget is that when somebody my age goes to collect on their Social Security I want money, cash,” Bowles, who is 65, replied. “And I go to present that obligation to the Social Security trust fund and it doesn't have cash. What it has is the government IOUs there which are as good as gold. But the government has to go out into the marketplace and borrow the money. And so it increases the national debt.”
It has $2.6 trillion in Government IOU's Which were as good as gold until we started buying our own debt. Call it QE1 Or the fed purchasing bad assets, it is actually a tax, in that it devalues the $$$ that anyone has.
The US gov has borrowed from the Social Security "Trust fund" almost from the beginning. The Marshall plan used SS funds to rebuild Europe after WWII. If anyone repaid us for those funds, the repayment went into general funds, not back to the "TRUST".
And 2.6 trillion in gov"paper " is just so much paper Social Security depends on more people paying in than taking out. and the administrator of the fund uses as much as he wants for his own (undefined) purposes. That's pretty much the definition of a "Ponzi" scheme
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ownmyown says
I guess that kind of , I don't know what you want to call it,.. ad hominem nonsense perhaps is a substitute for a real argument.
That's not a response to the fact that a secular bear market is possible, especially if we were to have a slow inflationary period with trending upward interest rates that everyone thought were going to continue trending up. Hardly an impossibility in upcoming decades.
Social Security is not a ponzi schme. Although it's true that we have consistently invested the SS surplus during the surplus years on thigs like tax cuts for the rich. As far as I'm concerned our return on those investments of the SS security surplus years chould be in the form of raising taxes on upper incomes.
No I'm not talking redistribution. I'm suggesting maybe taking taxes back to what they were in the glorious *Reagan years.
*Edit, the Reagan years were all over the map. Rates on high incomes should go back to that crazy extreme of the CLinton years (39.6%) which was great for the economy and eventually balancing the budget. This is still less than half of the top marginal rate under Eisenhower.
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Tecumcari says
I think you are beating your head against a wall, as history is only what happened last week on the Kardasians.
In the Ideology of most of these it is more important to assign blame , than to assess the damage and effect repairs.
Iwas here last week and agreed to all their histrionics and all they could do was scream YOU LIED, BUSH LIED, Republicans are liars. I said OK, now what . they repeated. Again I said OK now what! They repeated.
I used to have people like that who worked for me. (not for long!) While the productive were figuring out what to do to save a given situation, these were the people who pointed and said it wasn't my fault.
The fed will keep buying debt, and The Administration will continue to point to other people as the problem, "it's congress, it's '," , 'headwinds from Europe'
When bread is $250.00 a loaf,(if you can find any) and Gasoline is not to be had, we'll still be talking about "headwinds"
I almost hope he gets re-elected. I mean , my land is paid for(except for the Government extortion called property tax), I'm pretty debt free. My truck patch is sufficient for me and mine.( A truck patch , for those in San Francisco, is a vegetable garden) I can still hunt and fish my own land( until private property is completely abolished)
I really am saddened to see what's happened to our liberties, the Constitution ignored , the Bill Of Rights Shredded.
Well, as Mar Twain said,"Suppose you were an idiot. And suppose you were a member of Congress. But then I repeat myself."
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Corporate profit margins just hit an all-time high.
http://www.businessinsider.com/corporate-profits-just-hit-an-all-time-high-wages-just-hit-an-all-time-low-2012-6
2) Fewer Americans are working than at any time in the past three decades. One reason corporations are so profitable is that they don't employ as many Americans as they used to.
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Politicofact says
I thought regulations of the OBama years were squeezing business ?
Funny how the stock market doesn't reflect that either.
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1) Corporate profit margins just hit an all-time high. Companies are making more per dollar of sales than they ever have before. (And some people are still saying that companies are suffering from "too much regulation" and "too many taxes." Maybe little companies are, but big ones certainly aren't).
Read more: http://www.businessinsider.com/corporate-profits-just-hit-an-all-time-high-wages-just-hit-an-all-time-low-2012-6#ixzz27K0W1vEn
I retired rather than deal with all the new regulations. And the EPA DOT OSHA F&WM and BLM along with all the other unelected and unanswerable bureaucrats to whom congress has delegated their obligation to legislate
.marcus says
Since retirement funds of many types are tied to the Stock market, I guess they should all divest based on the possibility . Of couse if a president decided to "nationalize" an industry, and shut out certain investors, we could all worry.
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ownmyown says
b u l l s h i t
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Yes corporate profits are high of 51.8% a high since since 1933
Yet they refuse to hire.
Stock market doubles and they moan.
The poor are poorer and the rich are 13% richer.2011-2012
Why are the GOP MOANING! It's because he's black.
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Politicofact says
you know my business , do you? Politicofact says
Don't like the policies of the current admin. ? must be racist ,want to vote for Romney, ? must be racist. I would definitely have voted for Herman Cain, who you will now malign with "uncle tom "etc, but ahh never mind
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Why should we take your word on that without any kind of substantive information on your part.
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Tecumcari says
You always make this same logic error shrek. In the 50s the middle class was MUCH larger, so of course they paid most of the nation's bill. And the top 2% had MUCH less income/wealth than they do now.
Nowadays, all of the income/wealth is concentrated in the top 1%, so obviously the tax burden must fall on them too.
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ownmyown says
Which regulations caused you to retire?
Specifically?
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tatupu70 says
That's just it. The top 0.1% has all the money. Who else you gonna tax?
Why do bank robbers rob banks? Because that's where the money is. Tax increases on the non-rich result in chump change.
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ownmyown says
Which is just what Big Business wants. If you need an army of lawyers just to operate, only Big Business will survive in such an environment.
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tatupu70 says
CFR 40 part 136 In order to achieve the level of output of waste water pollutants required it would cost (additional) thousands of dollars in equip. At that point the catch 22 arrived, once I complied with the waste water requirements, I became a secondary waste water treatment facility and had to be licensed as such By the EPA, requiring additional (of course) licensing fees.
Politicofact says
Only an arrogant , left-wing lawyer would feel qualified to call bullshit on something about which he or she knew absolutely nothing. Please go back to your diet of road apples and carrot juice, and print out some more pretty pie charts .
.freak80 says
Absolutely ! un fortunately the left sees no difference between me and AIG. The fed keeps bailing out wall street and the rest of us are down the chute. GM gets taxpayer $$$ , and the fed props up wall street(who contributed much more to Barack Obama than to McCain).
Meanwhile small business is demonized , right along with those large corporations.
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47 male
Lafayette, CA
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So when did you retire? Looks to me like you mostly got screwed by Bush and Reagan.....if you're telling the truth. What year was it?
ownmyown says
136.1 [38 FR 28758, Oct. 16, 1973, as amended at 49
FR 43250, Oct. 26, 1984]
136.2 [38 FR 28758, Oct. 16, 1973, as amended at 49
FR 43250, Oct. 26, 1984]
136.3 Numerous updates but almost all during the 1980s and prior.
136.4 [66 FR 32776, June 18, 2001; 67 FR 65226, Oct. 23, 2002; 67 FR 65886, Oct. 29, 2002; 67 FR 69971, Nov. 19, 2002]
136.5 [38 FR 28760, Oct. 16, 1973, as amended at 41
FR 52785, Dec. 1, 1976; 55 FR 33440, Aug. 15,
1990; 62 FR 30763, June 5, 1997]
Last written guidelines update 7-1-03
http://www.epa.gov/region9/qa/pdfs/40cfr136_03.pdf
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ownmyown says
That's where the "left" and "right" have common ground. Matt Taibbi, a "liberal", is just as critical of Obama's cushy relations with Big Finance as you are.
The left and right need to unite on this issue. Both sides agree that "corporate welfare" is BAD.
Can we defeat Big Finance together and then go back to fighting over God, Guns, n' Gays?
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iwog says
I'm not an expert by any means, but this smells like BS to me.
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Tecumcari says
Actually corporations paid most of the tax bill. Corporate tax revenue was over 6% of gdp in the 50's and is slightly less than 1% now. The lowest bracket for income taxes in the 50's was slightly higher than average incomes. Most people didn't pay income taxes or paid in the lowest bracket. Fica was something like 1%.
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ownmyown says
I really must apologize for that , it was un called for and inappropriate
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iwog says
check fed registry for updated measurement methods and standards, and from the beginning I have said that Bush and Obama are two sides of the same coin. AND THE NEXT GUY WILL USE WHAT THEY HAVE DONE AS A REASON TO MAKE GOVERNMENT MORE INTRUSIVE. I was scared when Bush the First talked about a new world order, and it ain't gettin no better. my plans are to dig a hole , fill it with food and ammo and pull it in after me.
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Cloud says
AFAICT Poltifact runs "pants on fire" stories about both parties. It so happens that GOP people engage in obvious lies more often.
Cloud? Cloud?
Gone again.
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If you're as creeped out as I am at the prospect of Liberal schills then please be sure to contact
Angie Drobnic Holan
Deputy PolitiFact editor; PolitiFact Florida editor
Angie Drobnic Holan is deputy editor of PolitiFact and the editor of PolitiFact Florida. She previously was a reporter and researcher and was a member of the team that won the Pulitzer Prize for its coverage of the 2008 election. She has been with the Tampa Bay Times since 2005.
Email holan@politifact.com
She claimed to have no knowledge but I notice he at least changed his logo and name after my phone call with her. He's now back with the name and his profile comment only says Politicofact.com Pulitzer prize winner. I'm sure they didn't win a Pulitzer by Buffaloing and Brow beating internet forum users. Or being a schill and troll for that matter that's some real journalism integrity there. But hey anything is possible. You can get a Nobel peace prize for having a blackberry now.
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47 male
Lafayette, CA
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ownmyown says
You didn't answer my question. When did you retire due to excessive government regulations and which revision brought you down? From what I read it doesn't look like it was the Democrats.
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iwog says
and I have answered 136.1 was updated to new measurement methods and standards effective May 2012. I shut down finally on dec 12, 2011 while hearings were ongoing for new standards. Now I have answered more questions for you than for both of my ex wives.
Now here are some questions for you . Will you answer them? Who established the EPA, ? Who established the dept. of energy? Who passed income tax on Social Security income? Who says torture is wrong ,but the execution of American Citizens without due process is OK? Who said his policies would necessarily cause energy prices to "skyrocket"? Who wants to bankrupt the coal industry?
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iwog says
check the federal registry for may , 2012new standards and methods of measurement
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Vicente says
Shut the front door?! Fool.
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One thing is for sure this independent voter is now a Democrat after this election. I want nothing to do with this right wing extremism.
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ownmyown says
I just want to see how legitimate this is. I think over-regulation is a bad thing for the economy, and I want to see if this is an actual case or a Rush Limbaugh case.
So what did they change that drove you out?
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ownmyown says
RIchard Nixon, Jimmy Carter, Ronald Reagan, Every president except GWB who thought torture was ok also, Senator Barak Obama although he was talking about GWB's cap and trade proposal, the EPA by implementing the requirements of the clean air act but coal power plants have successfully fought implementation of EPA rules since the early 80's until now.
Do I get a gold star?
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iwog says
As you lawyers say "Asked and Answered". The whole point(which you missed ), is that over regulation has cut the small businessman's heart out. and as the established expert on the CFR, tell us how many pages are there this year. I know you have a copy (volumes) handy or , probably on your lap top. So tell us. And the Federal register has what, 20,000 pages of final orders so far this year? I closed my business in Dec. last year because I could not afford to keep up and could not keep an attorney on retainer.
You think of this as a Democrat vs Republican thing. Don't think that . It a huge government thing.
Counties within the Washington region claimed seven of the top ten spots for median income. And all average over $90,000. Loudoun averages more than $119,000.
Behind Loudoun and Fairfax Counties, Arlington County is number three on the list. And that's especially impressive because single-income households make up 40 percent of the households.
Also in the top ten are Howard, Prince William, Fauquier, and Montgomery. Guess who lives here, Government Employees. Career Bureaucrats who want to see Gov get bigger. and it will. The new affordable health care act will add thousands of administrators.
Do you read much? Not a trick question. Robert Heinlin Wrote "Time Enough For Love", a sci fi book whose central character is Lazarus Long. In this book he makes several "philosophical" comments. Among them,"Anytime you see the words 'public servant', you can substitute 'public master' ." That is who runs this country. Career Bureaucrats.
Now on your quiz , some good some not so. LBJ got tax for SS recip.
Pres Barack Obama kills US citizens without due process, and eric holder says it's ok cause the Pres. said it was necessary. you drank the coolaid the following is from an interview with the San Francisco Chronicle(not a right wing paper) I wanted it in context so there more than just a quote here,
BUBBA , you gotta look at their pimples ,not just the pretty faces.He very clearly says under my plan.
The problem is not technical, uh, and the problem is not mastery of the legislative intricacies of Washington. The problem is, uh, can you get the American people to say, “This is really important,” and force their representatives to do the right thing? That requires mobilizing a citizenry. That requires them understanding what is at stake. Uh, and climate change is a great example.
You know, when I was asked earlier about the issue of coal, uh, you know — Under my plan of a cap and trade system, electricity rates would necessarily skyrocket. Even regardless of what I say about whether coal is good or bad. Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it — whatever the plants were, whatever the industry was, uh, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers.
So you (YOU and me ) get to pay.
Bush passed and signed the patriot act, which was anything but patriotic. After listening to Obama 's electioneering, I thought sure he would repeal Patriot act(at least not sign renewal) .No ,HE SIGNS THE Innocuously titled National Defense Auth. Act 2012 And says laughing, don't worry I won't use it .