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What About Jan. 1 Cuts?

February 27, 2013

If the federal spending cuts known as “the sequester” go through beginning Friday, it will be a terrible calamity, the White House warn....

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(16)

mikeyd

Mar-02-13 10:49 AM

not my candidate.i voted against every incumbent.when you are doing a bad job you should never get the chance to repeat.

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promo61

Mar-01-13 9:48 AM

Libs are putting on a brave public face but are privately beginning to regret their choice. The solution? Come here to post for solace. Anything but admit their candidate by any measure is falling short of the mark.

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Thebudman

Feb-27-13 8:58 PM

The American political system is broken. In all honesty, this has been accomplished in a bi-partisan fashion.

Want to fix it, start by outlawing the lobbyists for all the special interest groups that control Washington.

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Ragnar

Feb-27-13 8:48 PM

oldmansvan

Typical liberal response. When you can't debate the facts, use "racist", "but....Bush" or "Faux News" for your substitute.

Sarah Palin might be involved with the Top Secret government lab in Wheeling, where they are keeping Bat Boy. They want to hide him from Mulder but Scully is on to him. Only a last minute invitation to a Woodstock revival by George W. Bush can stop him.

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oldmansvan

Feb-27-13 8:45 PM

It's so easy to spot the faux nooz viewers.

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LogHog

Feb-27-13 7:21 PM

Ragnar your posts are correct...

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Ragnar

Feb-27-13 7:03 PM

The 94% tax rate of 1944-45 applied to incomes over $200,000-about $2.4 million today.

You could deduct pretty much anything back then. You could deduct the cost of your wife travelling with you on a business trip. You could deduct the alcohol you consumed at lunch. Your company could give you all sorts of benefits and "loans", tax free.

At the time, there were less than 1,000 tax filers with taxable income of $200,000 or more.

We boomed not because of high taxes, unions, government spending, etc. We boomed because no one else had the ability to do so.

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Ragnar

Feb-27-13 6:55 PM

From 1950-1969, the federal government ran a deficit for 16 of those 20 years, for a total deficit of $94.53 billion.

US employment was going well because the world's economies (the UK, Soviet Union, Germany, Italy, France, Japan) were in a shambles. There was no cheap foreign labor undercutting us. There was no oil shortage. There was no foreign manufacturing capacity to speak of.

The US was not a world power because we were so good. We were a world power because we were the only major power to emerge from WWII with no war damage and with a ready made manufacturing/consumer base.

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WVEXPAT

Feb-27-13 5:31 PM

"The taxes on earnings over $1 million were 90%."

Again Hoopie plays loose w/ the truth! Marginal tax rates may have been 90% but because of loop holes, effective tax rates are a different story. From Fact Check dot org, "A 2007 study by economists Thomas Piketty and Emmanuel Saez calculated effective tax rates for various income groups.

For people whose income ranked between the top 1 percent and top 0.5 percent, the effective tax rate for individual, corporate, payroll and estate was 34.0 percent in 1960, 36.1 percent in 1970, 37.6 percent in 1980, 31.5 percent in 1990, 35.7 percent in 2000 and 31.3 percent in 2004."

Hoopie is well aware of this fact but since it doesn't fit her narrative or influence low information voters by telling the truth!

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wvhoopie

Feb-27-13 4:23 PM

closing tax loopholes on the wealthy won't bother me one bit. Let's return to the tax rates when America was booming, the 1950's and 60's. We built the entire highway system, airports, transportation boomed, businesses were earning fantastic profits and the middle class grew at record levels. The taxes on earnings over $1 million were 90%. We had no deficit and unemployment was next to nonexistent. Bring back those days.

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Thebudman

Feb-27-13 12:52 PM

When are you libs out there going wise up and realize obama is jammin it to you too!

Playing you for fools and just don't seem to care.

In other news, 11,250 Americans have signed up today for the obama food stamp program. Paid for with tax dollars extracted from the paychecks of working Republicans and...democrats!

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LogHog

Feb-27-13 10:36 AM

the federal govt. spending should be cut 10% across the board in real terms..not just a cut in projected future spending...this won't happen..but the obama recovery will become worse than the bush recession....but then that wil only be a matter of the govt. media to work out..Obama is taking the USA on a vacation to Greece

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LogHog

Feb-27-13 10:36 AM

the federal govt. spending should be cut 10% across the board in real terms..not just a cut in projected future spending...this won't happen..but the obama recovery will become worse than the bush recession....but then that wil only be a matter of the govt. media to work out..Obama is taking the USA on a vacation to Greece

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promo61

Feb-27-13 9:30 AM

If the GOP raises taxes it will be their death knell. So be it. Conservatism will survive.

It appears some would rather be amused by the GOP allowing Obama to raise taxes than be sickened by the reality of paying higher taxes.

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SpankysLastDance

Feb-27-13 8:01 AM

Don’t forget about gasoline prices increasing $.45 since Jan.1. If you have a job and drive twenty five miles each way from home to work, then that is an additional tax of almost a dollar a day, roughly $260.00 per year as long as there aren't anymore increases. That is an entire weeks pay for many of us out here! Thanks Democrats!

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wvhoopie

Feb-27-13 7:12 AM

After the sequester watch repubs raise taxes! Mark my words!! LOLOLOL

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