Tag Archives: deficit

Bernie Sanders on why we need to let the tax cuts for the wealthy expire

I just received the following letter from Senator Bernie Sanders of Vermont: As you know, enormously crucial decisions are being made in Washington now which will impact the future of our country for decades. Please join me for an interactive discussion on issues ranging from how we protect Social Security for our kids and grandchildren, […]

Posted in Economics, Politics | Also tagged , , , , , , , , , | 6 Comments

Reagan’s budget director David Stockman on why taxes on the wealthy must be increased

I know that I should be writing about TSA pat downs and the new Wikileaks brouhaha tonight, like everyone else with moveable appendages and a blog, but I can’t seem to get with the program. For whatever reason, I feel as though I need to stick with the Bush tax cuts. I know it bores […]

Posted in Economics, Politics, Uncategorized | Also tagged , , , , , , , , , , , , , , , , , , , | 6 Comments

Wealthy patriots make the case to kill Bush’s tax cuts

Billionaire investor Warren Buffet has long been outspoken in his belief that the rich in American need to pay their fair share in the way of taxes. While a majority of Americans would agree with Buffet, it’s not something that many of our leaders in Washington seem willing to bring up, let alone champion. As […]

Posted in Economics, Politics | Also tagged , , , , , , , , , , , , , , | 8 Comments

Standing up for the rich

Republicans want to extend the Bush tax breaks for the super-rich. They say that this is absolutely necessary, as it’s the rich who create jobs. It sounds logical enough, right? But, recent history tells us a different story. In 2001, when Bush first pushed these tax breaks through Congress, we were told that doing so […]

Posted in Economics, Politics | Also tagged , , , , , , , , , , | 14 Comments

Considering the suggestions of the Commission on Fiscal Responsibility and Reform

Alan Simpson and Erskine Bowles, the co-chairs of the President’s National Commission on Fiscal Responsibility and Reform issued a 50-page draft proposal a few days ago, outlining what they’d recommend that we do to reign in government spending and significantly cut the nation’s deficit. They maintain that their proposal, which cuts military spending, reforms the […]

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