[Vision2020] CNN Breaking News
lfalen
lfalen at turbonet.com
Sun Aug 7 14:05:29 PDT 2011
I would agree with part of what you are saying. Increasing the tax on the super rick will not work, They make up only a small percentage of what is needed. I would agree that the infrastructure needs help. Also a lot of tax brakes and subsidies should be eliminated. Those that benefit supporters of both parties. See "tax breaks for the (Democratic) rich in the July 18 issue of National Review. Tax brakes and subsidies that do not provide an immediate benefit to the economy should be eliminated. This includies ethanol supports, Farm price supports (Wheat, Dairy,Poultry, etc). A flat tax with no exemptions would work better. A long with that there should be sunset placed on all government agencies. They should automatically expire after a given length of time and need to be reauthorized. Almost all government agencies ( including defence) get more money than they really need. The amount of fraud in the Medicare and Medicaid programs is horrendous. Some are getting rich off !
of them
at our expense. See "Entitlement bandits" by Michael F. cannon in the July 4 issue of National Review. If you want to create another Czar make it a waste Czar that goes after waste in all agencies. The Budget Office though should already have this authority.
Roger
-----Original message-----
From: "Art Deco" deco at moscow.com
Date: Sat, 06 Aug 2011 13:47:41 -0700
To: "Moscow Vision 2020" Vision2020 at moscow.com
Subject: Re: [Vision2020] CNN Breaking News
> Saundra,
>
> I agree that reducing or (very hopefully) eventually elimination the national debt requires reductions in spending and increases in revenue -- the latter through some tax rate changes and especially through axing the incredible number of special interest tax breaks found in the 66,000+ pages of the current federal tax code and also within the various state tax codes.
>
> Many see the entitlement programs as welfare for individuals. Most of the tax breaks in the tax codes are welfare for large corporations and other organizations -- let's not be hypocrites about it.
>
> There is another national debt not recorded in the so-called national debt -- the widespread deterioration of infrastructure. On two recent trips across the country the wretched condition of the highway system, especially parts of the Interstate System are obvious. Some is this is being addressed by the stimulus package although some of the quality of these hastily organized projects seems a bit dubious. But the money it will cost to eventually repair roads and bridges is astronomical. Roads and bridges are only a part of the ailing infrastructure problem.
>
> I am afraid there are many who do not expect to pay for services. The USPS is a prime example. They are and have been operating in the red for a long time. However, the US has one of the lowest first class postal rates in the industrial world. Even our neighbor Canada charges $0.69 for a first class letter.
>
> If people, teabaggers or not, are not willing to pay the real cost of postage, what hope is there that they will pay to pay off the debt all of us have helped to incur, pay to keep the infrastructure that all of us benefit from adequately maintained, etc?
>
> This is the age of greed, ignorance, arrogance, and big lies. I see no sign that this will change. I see no sign of any national leadership in either party with the guts to reverse this pathetic, destructive condition.
>
> w.
>
>
> From: Saundra Lund
> Sent: Saturday, August 06, 2011 10:00 AM
> To: 'Tom Hansen' ; 'Donovan Arnold'
> Cc: 'Moscow Vision 2020'
> Subject: Re: [Vision2020] CNN Breaking News
>
>
> Selective quoting yet again, eh, Gary?
>
>
>
> For those interested, here's the link to the article Gary is quoting:
>
> http://tinyurl.com/WP-S-P-Downgrades
>
>
>
> Of course, anyone listening to reputable news and not selectively quoting is aware of this little gem, which is also in the article Gary selectively quoted from:
>
> "The majority of Republicans in Congress continue to resist any measure that would raise revenues," the firm said."
>
>
>
> So, yes, let's be sure to be honest about the teabaggers' role in this fiasco: they are apparently too economics challenged to understand that the US simply cannot appropriately deal with our debt without increasing revenue as well as addressing spending. That ignorance plays a significant - perhaps the most significant -- role in this disaster.
>
>
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> And, the current GOP leadership obviously lacks the backbone to stand up to these lunatics who are willing to absolutely destroy this country's economy in the name of their flawed ideology.
>
>
>
> Perhaps a great example is the FAA deauthorization - they were so stupid they thought they were saving taxpayers money (as well as attacking the hard working American men & women who make up airlines) by preventing the FAA from collecting taxes. But, what really happened? The same damn thing that happens nearly every time we give big corporations a "break": the airlines ran with their corporate greed & simply jacked up ticket prices.
>
>
>
> As near as I can tell, the 'baggers either think greed is a virtue or are as stupid as their hero Greenspan was about the pervasiveness of greed & the loss of humanity, compassion, and caring for others in America.
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> They must be so proud.
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>
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> Which speaks volumes about what's gone wrong with this country - greed & ignorance trump all.
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> Saundra Lund
>
> Moscow, ID
>
>
>
> The only thing necessary for the triumph of evil is for good people to do nothing.
>
> ~ Edmund Burke
>
>
>
> ***** Original material contained herein is Copyright 2011 through life plus 70 years, Saundra Lund. Do not copy, forward, excerpt, or reproduce outside the Vision 2020 forum without the express written permission of the author.*****
>
>
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> From: vision2020-bounces at moscow.com [mailto:vision2020-bounces at moscow.com] On Behalf Of Gary Crabtree
> Sent: Saturday, August 06, 2011 7:19 AM
> To: Tom Hansen; Donovan Arnold
> Cc: Moscow Vision 2020
> Subject: Re: [Vision2020] CNN Breaking News
>
>
>
> >From today's Washington Post
>
>
>
> "...the bipartisan agreement reached this week to find at least $2.1 trillion in budget savings "fell short" of what was necessary to tame the nation's debt over time and predicted that leaders would not be likely to achieve more savings in the future."
>
>
>
> Was it the Tea Party that was fighting tooth nail in favor of raising the debt limit to an absolute all time high with no spending reductions what so ever? Was it the Tea party that would have no part of the cut, cap, and balance plan or the Mack penny plan that would have put the country on a path to solvency? Can you point to a single democrat/progressive plan that might have had as a result even a slight reduction in the countries debt burden? Heck, with two years of total government control they couldn't even pass a budget.
>
>
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> The bond rating agencies want to see spending and the debt required to perpetuate it brought under control, a goal that is at the very heart of the "Tea Party stench."
>
>
>
> g
>
>
>
> From: Tom Hansen
>
> Sent: Friday, August 05, 2011 7:13 PM
>
> To: Donovan Arnold
>
> Cc: Moscow Vision 2020
>
> Subject: Re: [Vision2020] CNN Breaking News
>
>
>
> This downgrading, if adopted by the other two rating firms, has more of an adverse impact than you suggest, Mr. Arnold.
>
>
>
> Do you realize that most, if not all, 301Ks are committed to investments with AAA ratings ONLY?
>
>
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> The result could be catastrophic
>
>
>
> Seeya round town, Moscow.
>
>
>
> Tom Hansen
>
> Moscow, Idaho
>
>
>
> "The Pessimist complains about the wind, the Optimist expects it to change and the Realist adjusts his sails."
>
>
>
> - Unknown
>
>
>
>
> On Aug 5, 2011, at 18:57, Donovan Arnold <donovanjarnold2005 at yahoo.com> wrote:
>
> The good thing about a democracy is you get what you voted for. And the bad thing about democracy is you get what you voted for. Unfortunately, it is going to take much more than a downgrade of AAA to AA+ from S&P to make the American people respond to this economic crisis. I heard on NPR today that only 58% of the adult US population is employed. Scary!
>
>
>
> Donovan Arnold
>
>
>
> From: Tom Hansen <thansen at moscow.com>
> To: Moscow Vision 2020 <vision2020 at moscow.com>
> Sent: Friday, August 5, 2011 7:17 PM
> Subject: [Vision2020] CNN Breaking News
>
> Read on, V-Peeps.
>
> More "good" news to pass on to the Tea Party stench, the cause behind this
> downgrade.
>
> http://money.cnn.com/2011/08/05/news/economy/downgrade_rumors/index.htm
>
> The downfall of the market this week may foreshadow things to come.
>
> Seeya round town, Moscow.
>
> Tom Hansen
> Moscow, Idaho
>
> "Believe we're gliding down the highway
> When in fact we're slip slidin' away."
>
> - Paul Simon
>
>
> ---------------------------- Original Message ----------------------------
> Subject: CNN Breaking News
> From: "CNN Breaking News" <BreakingNews at mail.cnn.com>
> Date: Fri, August 5, 2011 5:31 pm
> To: textbreakingnews at EMA3LSV06.TURNER.COM
> --------------------------------------------------------------------------
>
>
> Rating agency Standard & Poor's says it has downgraded the U.S. credit
> rating to AA+ from its top rank of AAA.
>
> Rating agencies analyze risk and give debt a "grade" that reflects the
> borrower's ability to pay the underlying loans.
>
> The safest bets are stamped AAA. That's where U.S. debt stood for years.
>
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