Friday, July 15, 2011

Proof That The Republican Controlled 2012 House of Representatives is Holding America Hostage

Proof That The Republican Controlled 2012 House of Representatives is Holding America Hostage


1. NUMBER OF TIMES UNDER REAGAN: 18 times or Once every 5 months: 1981, 1981, 1981, 1982, 1982, 1983, 1983, 1984, 1984, 1984, 1985, 1985, 1986, 1986, 1987, 1987, 1987, 1987

2. NUMBER OF TIMES RAISED UNDER BUSH: 7 times or Once every 13 months: 2002, 2003, 2004, 2006, 2008, 2008.

3. UNDER OBAMA: 2 Times or Once every 15 months: 2009 and 2010.

4. NUMBER OF TIMES UNDER CLINTON: 4 Times or Once every 24 months: 1993, 1993, 1996 and 1997.

5. NUMBER OF TIMES PAUL RYAN’S BUDGET WILL RAISE THE DEBT CEILING: 8 times. (The average debt ceiling increase is 800-billio­n. Ryan’s budget increases the debt by $6-trillio­n)

6. NUMBER OF TIMES THE “PROGRESSI­VE” BUDGET WILL RAISE DEBT CEILING: 0 times. The Progressiv­e Budget actually balances the budget in 3 years, and creates surplus by 2021. It does this while saving Social Security and Medicare.
The Progressive Budget, the only sane one out there is not even being debated by the Whitehouse who is determined to pass a budget far to the Right of Ronald Reagan - and that still is not good enough for today's unhinged right-wing conservatives.

Let's kill the myth that low taxes create jobs - Rich People’s Taxes Have Little to Do with Job Creation, Conservative Arguments that Higher Income Taxes for the Wealthy Hurt Employment Don’t Hold Up to Scrutiny

Apparently, conservatives believe that a key driver of overall job growth is the tax rate that rich people pay on their last dollar of income. They argue that these very rich people are the ones who “create” the jobs and therefore taxing them at even slightly higher rates will make them less likely to invest, expand their businesses, and hire more people. That sounds plausible, but it turns out to be completely baseless.

In fact, they are just as wrong about this as they are about the relationship between marginal tax rates and overall economic growth. In the past 60 years, job growth has actually been greater in years when the top income tax rate was much higher than it is now.

For instance, in years when the top marginal rate was more than 90 percent, the average annual growth in total payroll employment was 2 percent. In years when the top marginal rate was 35 percent or less—which it is now—employment grew by an average of just 0.4 percent.

And there’s no cherry-picking here. Pick any threshold. When the marginal tax rate was 50 percent or above, annual employment growth averaged 2.3 percent, and when the rate was under 50, growth was half that.

No matter how hard they try to spin it, the poor and Fannie-Freddie did not cause the housing bubble ( chart at top) - Still Wrong About Genesis of Housing Crisis