Sunday, 4/22/12, Public Square


Filed under The Public Square

8 responses to “Sunday, 4/22/12, Public Square

  1. prairie pond

    As usual, that’s a great graphic. Those freakin’ hypocrits have no idea what a joke they’ve become. And yet…

    American voters continue to swallow the bilge and send them to congress and their respective state houses.

    There is nothing so stupid that the amerian voters won’t buy it.

    • indypendent

      And to use Rick’s favorite line ….. how stupid do you want me to be?

      I agree about the American voters – they are pretty stupid at times. Isn’t that why we got Baby Bush for 8 years?

      • prairie pond

        Well, that a paperless ballots.

      • Remember that Bush2 would never have been president without help from SCOTUS. And don’t ever think there aren’t people willing and able to insert the person of their choice into that office in the future. That is when I lost all my naivety.

  2. indypendent

    When that co-worker brought up his conspiracy theory that Obama is a Muslim that was put into the White House by AlQueda to bring down America – I just thought – and the White Horse Prophecy is okay with that Catholic man?

    This Catholic man told me that he knows Mormonism is a cult – but he would rat her vote for a Cult leader than Obama.

    To which I am thinking …….. what’s the difference then?

    Besides that – IIRC – our country was founded on the basic right to freedom of religion – I don’t want ANY religion to be used in the governing of my country.

    Religion is man-made. Faith is spiritual. Never confuse the two.

  3. Those freakin’ hypocrits have no idea what a joke they’ve become.

    No kidding! There isn’t an issue we can’t find the whole constituency as hypocritical as their best guy of the whole republican party — Etch-A-Sketch Mitten$.

    They blame President Obama for the debt when its a fact that it was Bush2 policies that added the most to that debt. In fact, Mitten$ is endorsing the Ryan Plan which would ensure even greater debt. Most of the spending goes to pay for the interest on the money borrowed to finance the 2001 and 2003 tax cuts, then there are the Medicare drug benefit and two wars. Debts into perpetuity unlike the one-time debts during the Obama administration. Tax cuts at the same time you start two wars is insanity. And yet they had nothing to say about Bush2 initiating those debts. They ignore that those tax cuts had to have an end date because they were illegal otherwise. Yes I know they are now Obama tax cuts. I also remember how many people would have been hurt very badly if he hadn’t kowtowed to the republicans to protect their extended unemployment.

    President Bush’s 2001 tax cut focused on immediate cuts in wage taxes for low- and middle-income people, especially: creating a 10% tax bracket and mailing each taxpayer a check for the current year’s savings, raising the ceiling of the 15% bracket to protect middle-income couples from the marriage penalty, and raising the child tax credit from $500 to $1,000 and making it refundable.

    The legislation did include tax cuts at the high end of the income spectrum, but those were scheduled to phase in over many years. The top income tax rate of 39.6% was only cut to 39.1% in the first year. No positive economic impact was noticeable during 2002, and pressure built for a supply-side tax cut. That was delivered in May of 2003 in the form of an acceleration of the 2001 phase-ins, plus a new 15% tax rate on capital gains (down from 20%) and a 15% rate on dividends (down from a high of 39.6%).

    To comply with Senate budgetary rules, the tax cuts were enacted as 10-year temporary laws. President Obama campaigned against the Bush tax cuts vehemently during 2008, but did not attempt to hasten their expiration once he took office, citing the recession.

    If not for the Bush tax cuts, the deficit-financed wars in Iraq and Afghanistan, and the effects of the worst recession since the Great Depression (including the cost of policymakers’ actions to combat it), we would not be facing these huge deficits in the near term. By themselves, in fact, the Bush tax cuts and the wars in Iraq and Afghanistan will account for almost half of the $20 trillion in debt that, under current policies, the nation will owe by 2019. The stimulus law and financial rescues will account for less than 10 percent of the debt at that time.

    • Some lawmakers, pundits, and others continue to say that President George W. Bush’s policies did not drive the projected federal deficits of the coming decade — that, instead, it was the policies of President Obama and Congress in 2009 and 2010. But, the fact remains: the economic downturn, President Bush’s tax cuts and the wars in Afghanistan and Iraq explain virtually the entire deficit over the next ten years.

      The deficit for fiscal year 2009 — which began more than three months before President Obama’s inauguration — was $1.4 trillion and, at 10 percent of Gross Domestic Product (GDP), the largest deficit relative to the economy since the end of World War II. At $1.3 trillion and nearly 9 percent of GDP, the deficit in 2010 was only slightly lower. If current policies remain in place, deficits will likely resemble those figures in 2011 and hover near $1 trillion a year for the next decade.