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Started by ▂▃▄▅▆▇BѦиdC▇▆▅▄▃▂
Fri, 21 Jan 2011 04:29
Thanks Barack
Author: ▂▃▄▅▆▇BѦиdC▇▆▅▄▃▂
Date: Fri, 21 Jan 2011 04:29
Date: Fri, 21 Jan 2011 04:29
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We said all along that his "stimulus package" was nothing but a tremendous waste of taxpayer money and the result of gross inexperience and again we were correct. By Jeanne Sahadi, senior writerJanuary 20, 2011: 5:56 PM ET NEW YORK (CNNMoney) -- The amount of U.S. debt subject to the country's legal maximum has topped $14 trillion for the first time. On Wednesday, the amount of debt subject to the cap hit $14.001 trillion at the close of trade, according to the daily Treasury statement released on Thursday. That means the country is less than $300 billion away from the $14.294 trillion debt ceiling, which is a cap on how much the federal government can legally borrow. The debt ceiling has become a focal point of the debate over spending and debt. Even though congressional leaders say the cap will be raised, Republicans are vowing to use the issue as leverage to force spending cuts. The Treasury Department estimates that borrowing could reach the cap sometime between March 31 and May 16, according to a letter Treasury Secretary Timothy Geithner sent to Congress earlier this month. Debt ceiling: Geithner won't let U.S. default While Treasury has certain measures it can take to postpone a breach from occurring, Geithner said they would only last "several weeks." He urged lawmakers to act soon to raise the ceiling, warning that failure to do so would be disastrous for the economy and for Americans. Although the debt ceiling has never been reached -- so it's impossible to say definitively what would happen if it were -- budget and debt experts warn that no good can come of it. Debt ceiling: What you need to know If U.S. borrowing hits the ceiling and lawmakers fail to raise it, Treasury would be prohibited from borrowing more money. Barring immediate and draconian policy changes, the country would be unable to pay its bondholders or fund programs and benefits in full. That's because there wouldn't be enough tax revenue coming in to cover all of the country's bills. Experts say the cascade effect would be crippling not only to the U.S. economy but very likely to economies and markets worldwide. At a minimum, a default could pummel U.S. bonds, the dollar and U.S. investors' portfolios.
Re: Thanks Barack
Author: Chom Noamsky
Date: Fri, 21 Jan 2011 05:36
Date: Fri, 21 Jan 2011 05:36
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On 1/20/2011 8:29 PM, ▂▃▄▅▆▇BѦиdC▇▆▅▄▃▂ wrote: > We said all along that his "stimulus package" was nothing but a > tremendous waste of taxpayer money and the result of gross > inexperience and again we were correct. I think it's great that you've mastered Unicode identifiers. However, as Dick Cheney once said, "Reagan proved that deficits don't matter". Then again Dick could have just been shooting his face of (he is known to involve faces and shooting).
Re: Thanks Barack
Author: Ray Fischer
Date: Fri, 21 Jan 2011 06:53
Date: Fri, 21 Jan 2011 06:53
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� � � � � � BѦиdC� � � � � � <usenetlegends00019@gmail.com> wrote:
>We said all along that his "stimulus package" was nothing but a
>tremendous waste of taxpayer money and the result of gross
>inexperience and again we were correct.
Rightard rule #1: lie, lie again, lie more, lie about lying.
CBO says stimulus may have added 3.3 million jobs
By Lori Montgomery
President Obama's much-maligned economic stimulus package added as
many as 3.3 million jobs to the economy during the second quarter
of this year, and may have prevented the nation from lapsing back
into recession, according to a report released Tuesday by the
non-partisan Congressional Budget Office.
In its latest quarterly assessment of the act, the CBO said the
stimulus lowered the unemployment rate by between 0.7 and 1.8
percentage points during the quarter ending in June and increased
the number of people employed by between 1.4 million and 3.3
million. The higher figure would come close to making good on
Obama's pledge that the act would save or create as many as 3.5
million jobs by the end of this year.
The CBO said the act also increased the nation's gross domestic
product by between 1.7 percent and 4.5 percent in the second
quarter, indicating that the stimulus may have been the primary
source of growth in the U.S. economy. The Commerce Department
estimates that GDP grew 2.4 percent in the second quarter, a
figure many economists expect to be revised lower in a report due
out Friday.
http://voices.washingtonpost.com/political-economy/2010/08/cbo_says_stimulus_may_have_add.html
--
Ray Fischer | Mendacracy (n.) government by lying
rfischer@sonic.net | The new GOP ideal
Re: Thanks Barack
Author: raven1
Date: Fri, 21 Jan 2011 14:14
Date: Fri, 21 Jan 2011 14:14
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On Thu, 20 Jan 2011 20:29:37 -0800 (PST), ??????B??dC?????? <usenetlegends00019@gmail.com> wrote: >The debt ceiling has become a focal point of the debate over spending >and debt. Even though congressional leaders say the cap will be >raised, Republicans are vowing to use the issue as leverage to force >spending cuts. While at the same time, maintaining tax cuts for the wealthy. "The GOP: conning people into voting against their own economic interests since Herbert Hoover".
Re: Thanks Barack
Author: SaPeIsMa
Date: Fri, 21 Jan 2011 19:14
Date: Fri, 21 Jan 2011 19:14
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"raven1" <quoththeraven@nevermore.com> wrote in message news:f25jj6litgu8ncdum1maearu037pbf08is@4ax.com... > On Thu, 20 Jan 2011 20:29:37 -0800 (PST), ??????B??dC?????? > <usenetlegends00019@gmail.com> wrote: > >>The debt ceiling has become a focal point of the debate over spending >>and debt. Even though congressional leaders say the cap will be >>raised, Republicans are vowing to use the issue as leverage to force >>spending cuts. > > While at the same time, maintaining tax cuts for the wealthy. "The > GOP: conning people into voting against their own economic interests > since Herbert Hoover". It's interesting that to the left, tax cuts to the taxpayers, ALL of the taxpayers, is considered tax cut to the wealthy. But then considering that the left is pandering to those who pay little of no taxes and basically are getting a free ride at the expense of taxpayers, that's no real surprise.
Re: Thanks Barack
Author: Chom Noamsky
Date: Fri, 21 Jan 2011 20:28
Date: Fri, 21 Jan 2011 20:28
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On 1/21/2011 11:14 AM, SaPeIsMa wrote: > "raven1" <quoththeraven@nevermore.com> wrote in message > news:f25jj6litgu8ncdum1maearu037pbf08is@4ax.com... >> On Thu, 20 Jan 2011 20:29:37 -0800 (PST), ??????B??dC?????? >> <usenetlegends00019@gmail.com> wrote: >> >>> The debt ceiling has become a focal point of the debate over spending >>> and debt. Even though congressional leaders say the cap will be >>> raised, Republicans are vowing to use the issue as leverage to force >>> spending cuts. >> >> While at the same time, maintaining tax cuts for the wealthy. "The >> GOP: conning people into voting against their own economic interests >> since Herbert Hoover". > > > > It's interesting that to the left, tax cuts to the taxpayers, ALL of the > taxpayers, is considered tax cut to the wealthy. > But then considering that the left is pandering to those who pay little > of no taxes and basically are getting a free ride at the expense of > taxpayers, that's no real surprise. Anyone getting a "free ride" generally has an income below poverty, and that could be due to choice or circumstance (usually circumstance). Regardless of why, are you saying these people don't deserve a voice because of their low income status? If so a lot of red states will be pissed, being that red states are beneficiaries of federal tax money more so than blue states.
Re: Thanks Barack
Author: Frank Galikanokus
Date: Fri, 21 Jan 2011 21:15
Date: Fri, 21 Jan 2011 21:15
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Chom Noamsky wrote: > > On 1/21/2011 11:14 AM, SaPeIsMa wrote: > > "raven1" <quoththeraven@nevermore.com> wrote in message > > news:f25jj6litgu8ncdum1maearu037pbf08is@4ax.com... > >> On Thu, 20 Jan 2011 20:29:37 -0800 (PST), ??????B??dC?????? > >> <usenetlegends00019@gmail.com> wrote: > >> > >>> The debt ceiling has become a focal point of the debate over spending > >>> and debt. Even though congressional leaders say the cap will be > >>> raised, Republicans are vowing to use the issue as leverage to force > >>> spending cuts. > >> > >> While at the same time, maintaining tax cuts for the wealthy. "The > >> GOP: conning people into voting against their own economic interests > >> since Herbert Hoover". > > > > > > > > It's interesting that to the left, tax cuts to the taxpayers, ALL of the > > taxpayers, is considered tax cut to the wealthy. > > But then considering that the left is pandering to those who pay little > > of no taxes and basically are getting a free ride at the expense of > > taxpayers, that's no real surprise. > > Anyone getting a "free ride" generally has an income below poverty, and > that could be due to choice or circumstance (usually circumstance). > Regardless of why, are you saying these people don't deserve a voice > because of their low income status? If so a lot of red states will be > pissed, being that red states are beneficiaries of federal tax money > more so than blue states. Freedom and Justice for them that can afford it! It's the republican way. JAM
Re: Thanks Barack
Author: SaPeIsMa
Date: Fri, 21 Jan 2011 21:29
Date: Fri, 21 Jan 2011 21:29
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"Chom Noamsky" <blahblah@blahblahblah.com> wrote in message news:486dnX25BJDBcaTQnZ2dnUVZ_qOdnZ2d@giganews.com... > On 1/21/2011 11:14 AM, SaPeIsMa wrote: >> "raven1" <quoththeraven@nevermore.com> wrote in message >> news:f25jj6litgu8ncdum1maearu037pbf08is@4ax.com... >>> On Thu, 20 Jan 2011 20:29:37 -0800 (PST), ??????B??dC?????? >>> <usenetlegends00019@gmail.com> wrote: >>> >>>> The debt ceiling has become a focal point of the debate over spending >>>> and debt. Even though congressional leaders say the cap will be >>>> raised, Republicans are vowing to use the issue as leverage to force >>>> spending cuts. >>> >>> While at the same time, maintaining tax cuts for the wealthy. "The >>> GOP: conning people into voting against their own economic interests >>> since Herbert Hoover". >> >> >> >> It's interesting that to the left, tax cuts to the taxpayers, ALL of the >> taxpayers, is considered tax cut to the wealthy. >> But then considering that the left is pandering to those who pay little >> of no taxes and basically are getting a free ride at the expense of >> taxpayers, that's no real surprise. > > Anyone getting a "free ride" generally has an income below poverty, and > that could be due to choice or circumstance (usually circumstance). > Regardless of why, are you saying these people don't deserve a voice > because of their low income status? If so a lot of red states will be > pissed, being that red states are beneficiaries of federal tax money more > so than blue states. In a democracy, it is clear that venal politicians will promise to spend the money of the productive to buy the votes of the non-productive And your claim about the Red States is just more ignorant propaganda from such as you Read what follows ___________________________________________________ Sunday, November 21, 2004 A few years ago - about 4, IIRC - a friend, looking at the new USA Today map, asked me how it could be that the election was so close, but that most of the country appeared to be for Bush. Because I had looked up some figures even earlier than that, the answer was obvious to me: density. I knew, for example, that approximately 1/4 of the population lives in the 13 or so largest cities, and 1/2 live in about the top 25-30 urban centers. It's for this reason that the abolition of the electoral college would mean that presidential candidates would never leave the coasts except to visit Chicago, Phoenix, and Dallas. I'm sure I'm not the only one who saw it, but there are those who dispute it. At that time, Paul Krugman reportedly wrote a piece claiming that the Blue states support the Red States (sorry, no link, probably in the NYT). At the time, I assumed it was true and took no further interest in it because it fit neatly with something I have been pointing out to racists for years: most welfare recipients are white. They always counter with the claim that black welfare recipients are more common than black citizens are in the US as a percentage. Perhaps, but the bill that the federal government sends me is based on the total number of welfare recipients, not the portion that is black or white. Total Number. Caucasians contribute far more to that number than other races. The problem with welfare isn't the color of the people receiving it, it's that there is a need - real or perceived - in the first place. Okay, well, the "Blue State Subsidy" claim has arisen again, and this time I decided to check it out (http://taxprof.typepad.com/taxprof_blog/2004/09/red_states_feed.html). Again, I don't dispute it, but there's something in those patterns that has me curious. Now, I couldn't use their sources (the Tax Foundation's "State-by-state tax burden model"), but I could use the Statistical Abstract for state-by-state spending and the IRS for state-by-state tax stats for 2003. My results were similar, though the actual numerical results of money received to taxes paid ratios were different. I found two interesting results: one, that taxes paid and benefits received track right along with population (see figure), and two, the total amount of benefits spent in the "net donor" Blue states listed in the links above (New Jersey, Connecticut, Illinois, Minnesota, Massachusetts, California, and New York) are far more than than what is spent in the "net recipient" Red states (North Dakota, Mississippi, Alaska, West Virginia, Montana, Alabama, South Dakota, and Arkansas, and I would add New Mexico since it went Red this time around). The five most populous Blue states (CA, NY, IL, PA, MI) paid 33.5% of the total taxes paid, and only received 29% of the benefits doled out from Washington. The five largest Red States (TX, FL, OH, GA, NC) paid out 22% of the total taxes paid and received only 21% of the benefits. Yes, they paid more than they received. If you expand to the Top 10 largest (includes NJ, MA, WA, MD, WI), the corresponding numbers are 45% paid and 39% received for the Blue States and 31% paid and 32.8% received for the Red States (include VI, IN, TN, MO, AZ). They are starting to receive more than they paid in. But add it up: the 20 most populous states are paying 76% of the taxes and receiving about 72% of the benefits. That leaves only about 1/4 of the federal budget to be divided among the other 30 states, most of which are Red. There were only 20 states and Washington DC that went Blue, leaving 30 states that went Red. All of the Blue states and Washington paid 56% of the tax burden and receive 48% of the largesse. All of the Red states paid 44% of the tax burden and receive 52% of the largesse. Amazingly close to the vote totals, no? While I think it's a coincidence that probably surfaces in any figures that are close to being evenly split, it is well known that incumbent parties have been using discretionary spending to buy votes. Let me put that another way: between California and New York, they receive $335 B that gets distributed among 54 million people. You have to add up Wyoming, both Dakotas, Alaska, Montana, Idaho, Nebraska, W. Virginia, New Mexico, Nevada, Utah, Arkansas, Kansas, Mississippi, Iowa, Oklahoma, Kentucky, S. Carolina, Louisiana, and Alabama before you get to $324 B (adding Colorado bumps it over $350 B), and you have to add the populations of those states to get 51 M (plus Arizona to get to 56.5). Two more points: What about looking at this in terms of paying/spending per capita? And what is the correspondence of high income earners and population density? To answer the first question, I took my results and divided by the population of each state (and DC). For the Top 5, Red Staters paid out $6342 per person and received $5894 per person. Blue Staters paid out $7280 per person but received only $6143 per person. They paid more per person, but also received more. As you go to less populated states, Blue staters pay more, but continue receiving roughly the same per person, while Red staters gradually pay less per person and receive more. When you include every state one but DC, Red states are receiving about $6540/person, slightly more than $6522 per person received in Blue states. The Red states pay more per person than the Blue states ($5740 vs. $7710). My conjecture is that this has to do with the relative costs of living in those places (you have to have a much higher paying job to afford to live in NYC than you do to live upstate, where the counties went red, and people who are paid more pay more in taxes) and with the distribution of really wealthy people. It is well known that - even after the "tax cuts for the wealthy - the richest 1% pay about 33% of the total tax bill, and the wealthiest 10% pay about 67% of the total tax bill. In other words, I am suggesting that the real reason for the Blue/Red subsidization is that the real party of the wealthy is the Democratic Party. Research in The Economist apparently supports this hypothesis: they found that people worth between $1 M and $10 M went for Bush 63-37, but people worth more than $10 M went for Kerry 59-41. Hmmm ... party of Working Class, indeed. Bottom Line: You Blue Staters are overstating the amount of subsidization you are forced to do. Most of that money is coming right back to you, and the rest is divided among dozens of states mostly by population, so dividing federal spending by statewide taxation overstates the amount of money going to, say, Alaska or New Mexico. Besides, you keep voting for politicians who run on a redistribution platform, so these are the chickens coming home to roost. And for you Red Staters: you are being subsidized, whether you like it or not. Studies show that people believe that all Congressman but their own belly up to the pork barrel. Well, guess what? Yours does it, too, and you need to be aware of it the next time you have a chance to vote. http://www.zianet.com/ehusman/weblog/2004/11/demographics.html
Re: Thanks Barack
Author: Chom Noamsky
Date: Fri, 21 Jan 2011 22:27
Date: Fri, 21 Jan 2011 22:27
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On 1/21/2011 1:29 PM, SaPeIsMa wrote: > "Chom Noamsky" <blahblah@blahblahblah.com> wrote in message > news:486dnX25BJDBcaTQnZ2dnUVZ_qOdnZ2d@giganews.com... >> On 1/21/2011 11:14 AM, SaPeIsMa wrote: >>> "raven1" <quoththeraven@nevermore.com> wrote in message >>> news:f25jj6litgu8ncdum1maearu037pbf08is@4ax.com... >>>> On Thu, 20 Jan 2011 20:29:37 -0800 (PST), ??????B??dC?????? >>>> <usenetlegends00019@gmail.com> wrote: >>>> >>>>> The debt ceiling has become a focal point of the debate over spending >>>>> and debt. Even though congressional leaders say the cap will be >>>>> raised, Republicans are vowing to use the issue as leverage to force >>>>> spending cuts. >>>> >>>> While at the same time, maintaining tax cuts for the wealthy. "The >>>> GOP: conning people into voting against their own economic interests >>>> since Herbert Hoover". >>> >>> >>> >>> It's interesting that to the left, tax cuts to the taxpayers, ALL of the >>> taxpayers, is considered tax cut to the wealthy. >>> But then considering that the left is pandering to those who pay little >>> of no taxes and basically are getting a free ride at the expense of >>> taxpayers, that's no real surprise. >> >> Anyone getting a "free ride" generally has an income below poverty, >> and that could be due to choice or circumstance (usually >> circumstance). Regardless of why, are you saying these people don't >> deserve a voice because of their low income status? If so a lot of red >> states will be pissed, being that red states are beneficiaries of >> federal tax money more so than blue states. > > > In a democracy, it is clear that venal politicians will promise to spend > the money of the productive to buy the votes of the non-productive > > And your claim about the Red States is just more ignorant propaganda > from such as you > Read what follows > ___________________________________________________ > Sunday, November 21, 2004 > > A few years ago - about 4, IIRC - a friend, looking at the new USA Today > map, asked me how it could be that the election was so close, but that > most of the country appeared to be for Bush. Because I had looked up > some figures even earlier than that, the answer was obvious to me: > density. I knew, for example, that approximately 1/4 of the population > lives in the 13 or so largest cities, and 1/2 live in about the top > 25-30 urban centers. It's for this reason that the abolition of the > electoral college would mean that presidential candidates would never > leave the coasts except to visit Chicago, Phoenix, and Dallas. I'm sure > I'm not the only one who saw it, but there are those who dispute it. > > At that time, Paul Krugman reportedly wrote a piece claiming that the > Blue states support the Red States (sorry, no link, probably in the > NYT). At the time, I assumed it was true and took no further interest in > it because it fit neatly with something I have been pointing out to > racists for years: most welfare recipients are white. They always > counter with the claim that black welfare recipients are more common > than black citizens are in the US as a percentage. Perhaps, but the bill > that the federal government sends me is based on the total number of > welfare recipients, not the portion that is black or white. Total > Number. Caucasians contribute far more to that number than other races. > The problem with welfare isn't the color of the people receiving it, > it's that there is a need - real or perceived - in the first place. > > Okay, well, the "Blue State Subsidy" claim has arisen again, and this > time I decided to check it out > (http://taxprof.typepad.com/taxprof_blog/2004/09/red_states_feed.html). > Again, I don't dispute it, but there's something in those patterns that > has me curious. Now, I couldn't use their sources (the Tax Foundation's > "State-by-state tax burden model"), but I could use the Statistical > Abstract for state-by-state spending and the IRS for state-by-state tax > stats for 2003. My results were similar, though the actual numerical > results of money received to taxes paid ratios were different. > > I found two interesting results: one, that taxes paid and benefits > received track right along with population (see figure), and two, the > total amount of benefits spent in the "net donor" Blue states listed in > the links above (New Jersey, Connecticut, Illinois, Minnesota, > Massachusetts, California, and New York) are far more than than what is > spent in the "net recipient" Red states (North Dakota, Mississippi, > Alaska, West Virginia, Montana, Alabama, South Dakota, and Arkansas, and > I would add New Mexico since it went Red this time around). > > The five most populous Blue states (CA, NY, IL, PA, MI) paid 33.5% of > the total taxes paid, and only received 29% of the benefits doled out > from Washington. The five largest Red States (TX, FL, OH, GA, NC) paid > out 22% of the total taxes paid and received only 21% of the benefits. > Yes, they paid more than they received. If you expand to the Top 10 > largest (includes NJ, MA, WA, MD, WI), the corresponding numbers are 45% > paid and 39% received for the Blue States and 31% paid and 32.8% > received for the Red States (include VI, IN, TN, MO, AZ). They are > starting to receive more than they paid in. But add it up: the 20 most > populous states are paying 76% of the taxes and receiving about 72% of > the benefits. That leaves only about 1/4 of the federal budget to be > divided among the other 30 states, most of which are Red. There were > only 20 states and Washington DC that went Blue, leaving 30 states that > went Red. All of the Blue states and Washington paid 56% of the tax > burden and receive 48% of the largesse. All of the Red states paid 44% > of the tax burden and receive 52% of the largesse. Amazingly close to > the vote totals, no? While I think it's a coincidence that probably > surfaces in any figures that are close to being evenly split, it is well > known that incumbent parties have been using discretionary spending to > buy votes. > > Let me put that another way: between California and New York, they > receive $335 B that gets distributed among 54 million people. You have > to add up Wyoming, both Dakotas, Alaska, Montana, Idaho, Nebraska, W. > Virginia, New Mexico, Nevada, Utah, Arkansas, Kansas, Mississippi, Iowa, > Oklahoma, Kentucky, S. Carolina, Louisiana, and Alabama before you get > to $324 B (adding Colorado bumps it over $350 B), and you have to add > the populations of those states to get 51 M (plus Arizona to get to > 56.5). > > Two more points: What about looking at this in terms of paying/spending > per capita? And what is the correspondence of high income earners and > population density? > > To answer the first question, I took my results and divided by the > population of each state (and DC). For the Top 5, Red Staters paid out > $6342 per person and received $5894 per person. Blue Staters paid out > $7280 per person but received only $6143 per person. They paid more per > person, but also received more. As you go to less populated states, Blue > staters pay more, but continue receiving roughly the same per person, > while Red staters gradually pay less per person and receive more. When > you include every state one but DC, Red states are receiving about > $6540/person, slightly more than $6522 per person received in Blue > states. > > The Red states pay more per person than the Blue states ($5740 vs. > $7710). My conjecture is that this has to do with the relative costs of > living in those places (you have to have a much higher paying job to > afford to live in NYC than you do to live upstate, where the counties > went red, and people who are paid more pay more in taxes) and with the > distribution of really wealthy people. It is well known that - even > after the "tax cuts for the wealthy - the richest 1% pay about 33% of > the total tax bill, and the wealthiest 10% pay about 67% of the total > tax bill. In other words, I am suggesting that the real reason for the > Blue/Red subsidization is that the real party of the wealthy is the > Democratic Party. Research in The Economist apparently supports this > hypothesis: they found that people worth between $1 M and $10 M went for > Bush 63-37, but people worth more than $10 M went for Kerry 59-41. Hmmm > ... party of Working Class, indeed. > > Bottom Line: You Blue Staters are overstating the amount of > subsidization you are forced to do. Most of that money is coming right > back to you, and the rest is divided among dozens of states mostly by > population, so dividing federal spending by statewide taxation > overstates the amount of money going to, say, Alaska or New Mexico. > Besides, you keep voting for politicians who run on a redistribution > platform, so these are the chickens coming home to roost. And for you > Red Staters: you are being subsidized, whether you like it or not. > Studies show that people believe that all Congressman but their own > belly up to the pork barrel. Well, guess what? Yours does it, too, and > you need to be aware of it the next time you have a chance to vote. An interesting analysis, but one that generally supports what I claimed.. ROFL!!!
Re: Thanks Barack
Author: SaPeIsMa
Date: Fri, 21 Jan 2011 23:06
Date: Fri, 21 Jan 2011 23:06
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"Chom Noamsky" <blahblah@blahblahblah.com> wrote in message
news:sbGdnXvi84vylafQnZ2dnUVZ_rudnZ2d@giganews.com...
> On 1/21/2011 1:29 PM, SaPeIsMa wrote:
>> "Chom Noamsky" <blahblah@blahblahblah.com> wrote in message
>> news:486dnX25BJDBcaTQnZ2dnUVZ_qOdnZ2d@giganews.com...
>>> On 1/21/2011 11:14 AM, SaPeIsMa wrote:
>>>> "raven1" <quoththeraven@nevermore.com> wrote in message
>>>> news:f25jj6litgu8ncdum1maearu037pbf08is@4ax.com...
>>>>> On Thu, 20 Jan 2011 20:29:37 -0800 (PST), ??????B??dC??????
>>>>> <usenetlegends00019@gmail.com> wrote:
>>>>>
>>>>>> The debt ceiling has become a focal point of the debate over spending
>>>>>> and debt. Even though congressional leaders say the cap will be
>>>>>> raised, Republicans are vowing to use the issue as leverage to force
>>>>>> spending cuts.
>>>>>
>>>>> While at the same time, maintaining tax cuts for the wealthy. "The
>>>>> GOP: conning people into voting against their own economic interests
>>>>> since Herbert Hoover".
>>>>
>>>>
>>>>
>>>> It's interesting that to the left, tax cuts to the taxpayers, ALL of
>>>> the
>>>> taxpayers, is considered tax cut to the wealthy.
>>>> But then considering that the left is pandering to those who pay little
>>>> of no taxes and basically are getting a free ride at the expense of
>>>> taxpayers, that's no real surprise.
>>>
>>> Anyone getting a "free ride" generally has an income below poverty,
>>> and that could be due to choice or circumstance (usually
>>> circumstance). Regardless of why, are you saying these people don't
>>> deserve a voice because of their low income status? If so a lot of red
>>> states will be pissed, being that red states are beneficiaries of
>>> federal tax money more so than blue states.
>>
>>
>> In a democracy, it is clear that venal politicians will promise to spend
>> the money of the productive to buy the votes of the non-productive
>>
>> And your claim about the Red States is just more ignorant propaganda
>> from such as you
>> Read what follows
>> ___________________________________________________
>> Sunday, November 21, 2004
>>
>> A few years ago - about 4, IIRC - a friend, looking at the new USA Today
>> map, asked me how it could be that the election was so close, but that
>> most of the country appeared to be for Bush. Because I had looked up
>> some figures even earlier than that, the answer was obvious to me:
>> density. I knew, for example, that approximately 1/4 of the population
>> lives in the 13 or so largest cities, and 1/2 live in about the top
>> 25-30 urban centers. It's for this reason that the abolition of the
>> electoral college would mean that presidential candidates would never
>> leave the coasts except to visit Chicago, Phoenix, and Dallas. I'm sure
>> I'm not the only one who saw it, but there are those who dispute it.
>>
>> At that time, Paul Krugman reportedly wrote a piece claiming that the
>> Blue states support the Red States (sorry, no link, probably in the
>> NYT). At the time, I assumed it was true and took no further interest in
>> it because it fit neatly with something I have been pointing out to
>> racists for years: most welfare recipients are white. They always
>> counter with the claim that black welfare recipients are more common
>> than black citizens are in the US as a percentage. Perhaps, but the bill
>> that the federal government sends me is based on the total number of
>> welfare recipients, not the portion that is black or white. Total
>> Number. Caucasians contribute far more to that number than other races.
>> The problem with welfare isn't the color of the people receiving it,
>> it's that there is a need - real or perceived - in the first place.
>>
>> Okay, well, the "Blue State Subsidy" claim has arisen again, and this
>> time I decided to check it out
>> (http://taxprof.typepad.com/taxprof_blog/2004/09/red_states_feed.html).
>> Again, I don't dispute it, but there's something in those patterns that
>> has me curious. Now, I couldn't use their sources (the Tax Foundation's
>> "State-by-state tax burden model"), but I could use the Statistical
>> Abstract for state-by-state spending and the IRS for state-by-state tax
>> stats for 2003. My results were similar, though the actual numerical
>> results of money received to taxes paid ratios were different.
>>
>> I found two interesting results: one, that taxes paid and benefits
>> received track right along with population (see figure), and two, the
>> total amount of benefits spent in the "net donor" Blue states listed in
>> the links above (New Jersey, Connecticut, Illinois, Minnesota,
>> Massachusetts, California, and New York) are far more than than what is
>> spent in the "net recipient" Red states (North Dakota, Mississippi,
>> Alaska, West Virginia, Montana, Alabama, South Dakota, and Arkansas, and
>> I would add New Mexico since it went Red this time around).
>>
>> The five most populous Blue states (CA, NY, IL, PA, MI) paid 33.5% of
>> the total taxes paid, and only received 29% of the benefits doled out
>> from Washington. The five largest Red States (TX, FL, OH, GA, NC) paid
>> out 22% of the total taxes paid and received only 21% of the benefits.
>> Yes, they paid more than they received. If you expand to the Top 10
>> largest (includes NJ, MA, WA, MD, WI), the corresponding numbers are 45%
>> paid and 39% received for the Blue States and 31% paid and 32.8%
>> received for the Red States (include VI, IN, TN, MO, AZ). They are
>> starting to receive more than they paid in. But add it up: the 20 most
>> populous states are paying 76% of the taxes and receiving about 72% of
>> the benefits. That leaves only about 1/4 of the federal budget to be
>> divided among the other 30 states, most of which are Red. There were
>> only 20 states and Washington DC that went Blue, leaving 30 states that
>> went Red. All of the Blue states and Washington paid 56% of the tax
>> burden and receive 48% of the largesse. All of the Red states paid 44%
>> of the tax burden and receive 52% of the largesse. Amazingly close to
>> the vote totals, no? While I think it's a coincidence that probably
>> surfaces in any figures that are close to being evenly split, it is well
>> known that incumbent parties have been using discretionary spending to
>> buy votes.
>>
>> Let me put that another way: between California and New York, they
>> receive $335 B that gets distributed among 54 million people. You have
>> to add up Wyoming, both Dakotas, Alaska, Montana, Idaho, Nebraska, W.
>> Virginia, New Mexico, Nevada, Utah, Arkansas, Kansas, Mississippi, Iowa,
>> Oklahoma, Kentucky, S. Carolina, Louisiana, and Alabama before you get
>> to $324 B (adding Colorado bumps it over $350 B), and you have to add
>> the populations of those states to get 51 M (plus Arizona to get to
>> 56.5).
>>
>> Two more points: What about looking at this in terms of paying/spending
>> per capita? And what is the correspondence of high income earners and
>> population density?
>>
>> To answer the first question, I took my results and divided by the
>> population of each state (and DC). For the Top 5, Red Staters paid out
>> $6342 per person and received $5894 per person. Blue Staters paid out
>> $7280 per person but received only $6143 per person. They paid more per
>> person, but also received more. As you go to less populated states, Blue
>> staters pay more, but continue receiving roughly the same per person,
>> while Red staters gradually pay less per person and receive more. When
>> you include every state one but DC, Red states are receiving about
>> $6540/person, slightly more than $6522 per person received in Blue
>> states.
>>
>> The Red states pay more per person than the Blue states ($5740 vs.
>> $7710). My conjecture is that this has to do with the relative costs of
>> living in those places (you have to have a much higher paying job to
>> afford to live in NYC than you do to live upstate, where the counties
>> went red, and people who are paid more pay more in taxes) and with the
>> distribution of really wealthy people. It is well known that - even
>> after the "tax cuts for the wealthy - the richest 1% pay about 33% of
>> the total tax bill, and the wealthiest 10% pay about 67% of the total
>> tax bill. In other words, I am suggesting that the real reason for the
>> Blue/Red subsidization is that the real party of the wealthy is the
>> Democratic Party. Research in The Economist apparently supports this
>> hypothesis: they found that people worth between $1 M and $10 M went for
>> Bush 63-37, but people worth more than $10 M went for Kerry 59-41. Hmmm
>> ... party of Working Class, indeed.
>>
>> Bottom Line: You Blue Staters are overstating the amount of
>> subsidization you are forced to do. Most of that money is coming right
>> back to you, and the rest is divided among dozens of states mostly by
>> population, so dividing federal spending by statewide taxation
>> overstates the amount of money going to, say, Alaska or New Mexico.
>> Besides, you keep voting for politicians who run on a redistribution
>> platform, so these are the chickens coming home to roost. And for you
>> Red Staters: you are being subsidized, whether you like it or not.
>> Studies show that people believe that all Congressman but their own
>> belly up to the pork barrel. Well, guess what? Yours does it, too, and
>> you need to be aware of it the next time you have a chance to vote.
>
> An interesting analysis, but one that generally supports what I claimed..
> ROFL!!!
No
It proves your claim to be a lie for multiple reasons
But nice attempt to spin out of your bullshit
The same-old, same-old.
Re: Thanks Barack
Author: Barry Bruyea
Date: Sat, 22 Jan 2011 10:29
Date: Sat, 22 Jan 2011 10:29
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On Fri, 21 Jan 2011 13:14:23 -0600, "SaPeIsMa" <SaPeIsMa@HotMail.com> wrote: >"raven1" <quoththeraven@nevermore.com> wrote in message >news:f25jj6litgu8ncdum1maearu037pbf08is@4ax.com... >> On Thu, 20 Jan 2011 20:29:37 -0800 (PST), ??????B??dC?????? >> <usenetlegends00019@gmail.com> wrote: >> >>>The debt ceiling has become a focal point of the debate over spending >>>and debt. Even though congressional leaders say the cap will be >>>raised, Republicans are vowing to use the issue as leverage to force >>>spending cuts. >> >> While at the same time, maintaining tax cuts for the wealthy. "The >> GOP: conning people into voting against their own economic interests >> since Herbert Hoover". > > > >It's interesting that to the left, tax cuts to the taxpayers, ALL of the >taxpayers, is considered tax cut to the wealthy. >But then considering that the left is pandering to those who pay little of >no taxes and basically are getting a free ride at the expense of taxpayers, >that's no real surprise. Obama's love affair with Wall Street is becoming more an more obvious. Picking the CEO of GE to 'promote' jobs is almost funny. The bailout of GE Capital and their ownership of the Obama network, sometimes known as MSNBC has shown that as long as you walk the walk and talk the talk, 1600 Pennsylvania Avenue thinks you can solve all of America's problems. Between Wall St. and the Clinton cabal, is there really any policies created by Obama, or is he just the mouthpiece?
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