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February 19, 2017

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sally

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March 29, 2011

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Total Comments: 25 (view all)

I blame both parties for getting us so far in debt
WARS: bipartisan When Obama expanded the Afghan war and asked for the largest military budget in world history, the GOP largely applauded. It was bipartisan.
BUSH TAX CUTS FOR THE WEALTHY: Obama extended them in December
BANK BAILOUTS: Bipartisan.
DECLINING TAX REVENUE: Resulted from recession and financial meltdown caused by years of bipartisan (Reagan/Clinton) deregulation of Wall Street. And by big companies dodging their taxes. Bipartisan.
But I blame the Republicans more for causing a situation in which we as a country can't deal with the economy. If the US were a family in debt, to use a common analogy, wouldn't somebody suggest increasing income as part of the solution, by say, getting a second job, rather than just saying, eat cat food for the next ten years and you can "save' your way out of debt? Increasing revenue by taxes on the 1% of the population that owns 40% of the wealth, closing corporate loopholes and decreasing spending by cutting out the wars and having single payer health insurance would go a long way toward solving our economic problems.

(Suggest removal) 8/13/11 at 12:48 p.m.

The letter writer has forgotten that humans are animals too. If an animal's habitat is destroyed, it will die. Same goes for humans. Environmentalism is as much about preserving the life of human beings as it is about "nature," of which we are a part.

(Suggest removal) 6/27/11 at 7:17 p.m.

The real problem is that the big multinational corporations (not small businesses) don't pay their fair share of taxes and then give themselves huge salaries and bonuses. And Republicans and most Democrats in Congress let them get away with it.
Some examples:1. Exxon Mobil's 2009 profits totaled $19 billion, yet according to its SEC filings, the company received a $156 million rebate from the IRS plus it didn't pay any federal taxes.
2. Bank of America made $4.4 billion in profits last year. This was after it received a $1 trillion bailout from the Federal Reserve and the Treasury Department, and a $1.9 billion tax refund from the IRS.
3. General Electric has made $26 billion in profits in the United States over the past five years. It's also received a $4.1 billion tax refund from the IRS. GE has cut a fifth of its American jobs in the past nine years, and is boosting jobs overseas -- where tax rates are lower. And where it can continue evading U.S. taxes.
4. Chevron's IRS refund last year totaled $19 million but it's 2009 profits came to a whopping $10 billion.
5. Boeing received a $30 billion contract from the Pentagon to build 179 airborne tankers. It also received a $124 million refund from the IRS.
6. Valero Energy made $68 billion in sales and received a $157 million tax refund check from the IRS. Over the past three years, it has received a $134 million tax break thanks to the oil and gas manufacturing tax reduction.
7. Goldman Sachs paid 1.1% of its 2009 income in taxes. Yet it made a profit of $2.3 billion. And guess how much it received from the Federal Reserve and U.S. Treasury Department? $800 billion.
8. Citigroup profits last year totaled more than $4 billion. But it paid zero dollars in federal income tax, and received a $2.5 trillion bailout from the Federal Reserve and U.S. Treasury.
9. ConocoPhillips profits from 2007 through 2009 totaled $16 billion. But it was still awarded $461 million in tax arrears because of the oil and gas manufacturing deduction.
http://www.politicususa.com/

(Suggest removal) 6/26/11 at 9:58 a.m.

I don't understand why people in the private sector making dismal salaries with dismal benefits think that by making things worse for public employees (who up to now have tended to make less in wages but get better benefits than private employees), it will be better for workers in the private sector. By buying into the 'divide and conquer' corporate strategy of scapegoating public employees, they just make their own situation worse. The sensible thing would be for all workers to work together to raise the salaries and benefits for all employees and stop corporations (and governors) from slashing benefits and salaries so that corporate executives and their sidekicks in government can make millions while wrecking the economy for everyone else.

(Suggest removal) 6/21/11 at 3:20 p.m.

mschaffer and Emthree make excellent points. Without some regulation, the rule of law, and basic services, private businesses cannot operate. As for public employees not "creating" anything, that is nonsense. The letter writer has apparently never heard of the "service economy." And if you think public government is corrupt or useless, just wait until Bank of America is in charge of providing services. Imagine having to shell out cash every time you drive a county, state, or federal road, every time you take your child to school to every teacher and the principal and the assistant principal, before 911 will take your address, before the firemen will try to save your burning house, to the cops before they will listen to how you got mugged, to the judge before she will hear your case, to the first responders before they look for your missing mother after the flood, etc. And just imagine the opportunities for graft and bribes! The opportunities to increase profits by adulterating food and medicines! Not to mention the private "security guards" hanging around to shake you down. Welcome to Somalia. (Actually, with local and state governments being slashed, extreme economic inequality, the big banks still unregulated and the drummed up hatred of public employees instigated by the Republicans and swallowed by the Democrats, we are well down that road already.)

(Suggest removal) 6/21/11 at 10:45 a.m.

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