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Category Archives: Obama
Why Is This So Damn Difficult?
This is so simple it’s ridiculous. The three major causes of the dramatic increases in debt and deficit are: 1) The Bush, now Obama, tax cuts. 2) The wars in Iraq and Afghanistan. 3) The financial collapse caused by Wall … Continue reading
Posted in Afghanistan, budget, economy, Iraq, Medicare, Obama, Politics, Social Security, Taxes, Unemployment, Wall Street
Tagged $2.2 trillion, Afghanistan, American Society of Civil Engineers, Austan Goolsbee, Bush tax cuts, businesses, certainty, customers, debt, deficit, demand, financial transaction tax, free trade agreements, infrastructure, Iraq, jobs, Medicare, patent process, President Obama, Social Security, Wall Street
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Obama Has Been Consistent on Social Security—He Wants to Cut It
After the news broke yesterday about President Obama putting Social Security cuts on the table in the debt ceiling talks, the White House immediately went into CYA mode: “White House spokesman Jay Carney commented on the reports concerning Social Security … Continue reading
Shared Sacrifice, 2011 Style
In light of this: “Before Medicare was implemented—as a social-welfare program designed not just to deliver care but to poverty—one in five Americans lived below the poverty line. After the program was implemented, and after related “War on Poverty” initiatives … Continue reading
Posted in budget, Medicaid, Medicare, Obama
Tagged $300 million, budget deficit negotiations, corporate jet owners, cuts, elderly, health care, Medicaid, Medicare, Obama administration, poverty, tax break
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The Deficit Reduction Dog and Pony Show, Cont’d
Further proof that the deficit reduction talk in DC is just a dog and pony show: “In a Wednesday news conference, the president especially pounded a depreciation provision for corporate jets, mentioning it six times. “I think it’s only fair … Continue reading
Posted in Deficit, economy, Obama, Politics, Taxes
Tagged Bush tax cuts, corporate jets, deficit, dog and pony show, hedge fund managers, president, press conference
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R.I.P. Social Security
FDR didn’t foresee what would become of his party: “We put those payroll contributions there so as to give the contributors a legal, moral, and political right to collect their pensions and their unemployment benefits. With those taxes in there, … Continue reading
Posted in Congress, Democrats, Obama, Social Security
Tagged Clyburn, Doggett, extension, FDR, holiday, Larson, Obama, payroll tax, Social Security
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The President’s Press Conference
A review of President Obama’s press conference yesterday from one W. Shakespeare: “Sound and fury signifying nothing.” Meaningless rhetoric and duplicity, with a dose of class warfare red meat to stir up the base for the 2012 election thrown in … Continue reading
Obama Takes Tax Rate Increases Off the Table
From The Hill yesterday: “The White House, seeking an agreement to raise the nation’s $14.3 trillion debt ceiling by Aug. 2, on Monday said it would not insist that any deal include an end to former President George W. Bush’s … Continue reading
The War in Libya Drags On….Illegally
As, “days, not weeks” in Libya enters its fourth month, and now that the top U.S. admiral in Libya has admitted that the goal is regime change, despite this… “Of course, there is no question that Libya – and the … Continue reading
Posted in Congress, Constitution, Libya, Obama, Obama administration
Tagged admiral, Article II, Constitution, de-funding, Gaddafi, Glenn Greenwald, House, Libya, regime change, Ron Paul, War Powers Resolution
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Just a Man of the People
FDR: I welcome their hatred. Obama: Let’s kiss and make up. “Last night Obama headed to the Upper East Side to wine and dine Wall Street. The DNC fundraiser at tony restaurant Daniel cost attendees $35,800 each, and a source … Continue reading
Posted in Obama, Wall Street
Tagged Daniel, fat cats, fundraiser, Obama, Wall Street
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