We now have a Presidential Commission to make recommendations about the Reagan-Bush-Bush $13 trillion deficit that was created by cutting revenues in half with tax cuts for the rich, while continuing Republican spending and starting two wars. Of course, it is an absurd idea that we must all gather in hushed tones around former Reagan-Republican [...]
Entries from October 28th, 2011
Raise Taxes or Cut Entitlements–You Decide.
July 2nd, 2010 · 1 Comment · Capitalism, Economics, jobs, Politics, taxes
You should see one particular chart from the Congressional budget office. Here’s what it says: The lowest two quintiles (lowest 40%) of wage earners averaged $17,400 in 1979. The Top One percent of wage earners averaged $167,500 in 1979. By 2007, the 27th year of the Neoconservative Era, the bottom two quintiles made $20,500. That’s [...]
Tags: CEO pay·Corporatism·cuts in Medicare spending·cutting taxes·cutting the national debt·deficit spending·entitlements·government deficits·raising taxes·Social Security and Medicare·the national debt·the top 1% of income earners