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sorry me friend, imma not smart enough to follow ye...also, imma unclear how this takes care 'o the current US debt.
thank ye fer tryin' though, i 'preciate yer humorin' me.
if anyone can explain Lucidthots to me, jump right in mates.
The private money it borrows is simply printed.
In other words there is a Private Middle Man embedded in the Public Process.
This Middle Man is a Group of Banks: Goldman Sachs, Chase, Bank of England mainly.
This Middle Man loans the US gov its own money at interest.
And they are repaid via Taxes.
This is Why Goldman Sachs (Buffet/Soros) want higher taxes.
in Greece even the Commies are protesting higher taxes.
Because they know the money goes to the Bankers.
The Banks are telling Greece.. We will give you a Trillion Dollars on loan (out of thin air)....
If you agree to cut back your social services.
And that is the deal,
The IMF (private banks) creates a trillion out of thin air and "Loans" it to Greece at interest.
That is the system.
i've a dinner reservation tonight, matey, Ruth Chris, to go rub shoulders with them scoundrels ye decry.
a final question, then - banks then be inherently evil because they charge interest on thar loans, aye? imm still tryin' to make sense 'o what yer sayin'...fergive me fer me backround be in runnin' me own businesses and i've only a meager Bachelor 'o Fine Arts degree.
Gore's plan was the more conservative of plans, since he didn't want to erode any of the surplus, and wanted to continue paying down the debt.
Gore's plan, like you said, was aimed at lower to middle-income folks, while the two huge Bush tax cuts redistributed wealth wholesale from the bottom to the top.
The Bush tax cuts helped everyone. What an absurd thing to say. 8 years he served and those cuts created no jobs.
His tax cuts were huge and they favored the top 2% heavily and good times were sposed to roll once again, but that never happened.
On the matter of the super committee, the GOP proposal is factually incorrect, since their math says that their plan would save the country $500 billion over 10 years due to the increases revenues from the gov't if taxes on the wealthy are cut from 35% to 28%.
That's right. According to Republicans, cutting taxes means the gov't gets more revenues.
80% of the country wants the tax rates on the wealthy to go up, so Republicans offer to give rich people a 20% discount on what they'd be contributing to federal revenues.
The Nov.23 deadline looks doomed for failure unless Democrats snatch defeat from the jaws of victory once more and totally cave again like they did in the summer. This is when the Democrats should be offering about $3 trillion in tax revenues by soaking big banks and the rich, and mainstream America along with every moderate would cheer. It's like the people are waiting to root for someone who puts that forward, but the Dems seem to be hanging back and watching the do-nothing Republicans offer one retarded plan after another that soaks the poor and gives to the rich.
To get down to the lowest common demoninator...
Both the Republican and Democrat politicians want to take more money from me.
FUCK THEM! They can suck my big hairy balls!
Tell them to lose the haircut and get a real job,
Second, while Americans would like the rich to pay a little more to close the deficit, $3 trillion in new taxes, even if it didn't affect anyone but the rich, would cause a backlash. Americans hate taxes, and the fact that other people are being taxed is not going to help the Democrats. Besides, they'd never get $3 trillion, because as I keep saying, Congressmen are rich. Democratic donors are rich. Pass a tax increase that high and Congressmen, their families, and their donors will begin the process of carving out all kinds of new exemptions and in the end they'll end up with $1.5 trillion.
The final thing that has to be taken into account is that the right-wing machine is more savvy than it used to be. As soon as such a bill passed, they'd be waiting with baited breath for the first new exemption that just happened to benefit a major Democratic donor. And you know the Obama administration would be the first to go to Congress hat in hand for someone. And it would be reported on as viciously as Solyndra. In the end, the tax increase would be a disaster for Democrats.