Moderator: Andrew
slucero wrote:According to a Rand Corp survey.
Enrollment: 7,041,000
Paid premium: 858,000
Only 23 per cent of new enrollees had no insurance before signing up.
Fact Finder wrote:The Coming Obamacare Shock for 170 Million Americans (Including The_Noble_Cause)
Fact Finder wrote:And FYI, The Earned Income Tax Credit started as a small program in the 1970s and was expanded under President Reagan. But it was President Clinton who turned the program into what it is today — one that effectively gives low-wage working parents a big bonus. [b]
The_Noble_Cause wrote:Fact Finder wrote:The Coming Obamacare Shock for 170 Million Americans (Including The_Noble_Cause)
Ooh scary. And I bet the death panels are coming too. Don't worry about me or my health insurance plan, buddy. Your do-gooder intentions are not sincere.Fact Finder wrote:And FYI, The Earned Income Tax Credit started as a small program in the 1970s and was expanded under President Reagan. But it was President Clinton who turned the program into what it is today — one that effectively gives low-wage working parents a big bonus. [b]
Ah, ok. So free money is OK when a Republican (Ford and Reagan) approves it. But if it's not Obama's fault, it must be that dastardly intern mouth raper, Clinton! Soo sad.
Rick wrote:The_Noble_Cause wrote:Fact Finder wrote:The Coming Obamacare Shock for 170 Million Americans (Including The_Noble_Cause)
Ooh scary. And I bet the death panels are coming too. Don't worry about me or my health insurance plan, buddy. Your do-gooder intentions are not sincere.Fact Finder wrote:And FYI, The Earned Income Tax Credit started as a small program in the 1970s and was expanded under President Reagan. But it was President Clinton who turned the program into what it is today — one that effectively gives low-wage working parents a big bonus. [b]
Ah, ok. So free money is OK when a Republican (Ford and Reagan) approves it. But if it's not Obama's fault, it must be that dastardly intern mouth raper, Clinton! Soo sad.
I just don't understand how giving a low wage, working parent a big bonus is a bad thing. Am I misinterpreting something here, FF?
Fact Finder wrote:Rick, I just did a tax return where a single Dad who made $24,500 w/2 kids as dependents got a $3300 EITC refundable BONUS as you put it. Total refund was $6,400 with no tax due. The $2400 of his withholding was totally refundable. His income tax of $663 of dollars was offset by the child tax credit of $663 dollars. Thus not a dime went to the treasury. He made $31,000 tax free.
Fact Finder wrote:Rick, I just did a tax return where a single Dad who made $24,500 w/2 kids as dependents got a $3300 EITC refundable BONUS as you put it. Total refund was $6,400 with no tax due. The $2400 of his withholding was totally refundable. His income tax of $663 of dollars was offset by the child tax credit of $663 dollars. Thus not a dime went to the treasury. He made $31,000 tax free.
Fact Finder wrote:For the record: I never said anything about blowing up Countries, however in some cases I'm for it.
Fact Finder wrote:Rick wrote:Fact Finder wrote:Rick, I just did a tax return where a single Dad who made $24,500 w/2 kids as dependents got a $3300 EITC refundable BONUS as you put it. Total refund was $6,400 with no tax due. The $2400 of his withholding was totally refundable. His income tax of $663 of dollars was offset by the child tax credit of $663 dollars. Thus not a dime went to the treasury. He made $31,000 tax free.
So tell me, where in this country can a single dad raise a child on $24,500? It's ok for trillions of our tax dollars to go to blowing the smithereens out of some third world country, so we can control the oil flow, but none of that money should be spent here, helping our own. Yes sir, you said it. We definitely don't think alike.
Rick, the money that is given to these young families via the EITC is simply a transfer of wealth, just like Healthcare is. The push for a higher minimum wage is the same idea. The father I alluded to in my post was FUCKING thrilled when I told him about his good fortune (and wouldn't you be happy with a free $3300), at the expense of other higher income tax paying citizens. Sometimes you guys kill me.
Fact Finder wrote:Rick wrote:Fact Finder wrote:Rick, I just did a tax return where a single Dad who made $24,500 w/2 kids as dependents got a $3300 EITC refundable BONUS as you put it. Total refund was $6,400 with no tax due. The $2400 of his withholding was totally refundable. His income tax of $663 of dollars was offset by the child tax credit of $663 dollars. Thus not a dime went to the treasury. He made $31,000 tax free.
So tell me, where in this country can a single dad raise a child on $24,500? It's ok for trillions of our tax dollars to go to blowing the smithereens out of some third world country, so we can control the oil flow, but none of that money should be spent here, helping our own. Yes sir, you said it. We definitely don't think alike.
Rick, the money that is given to these young families via the EITC is simply a transfer of wealth, just like Healthcare is. The push for a higher minimum wage is the same idea. The father I alluded to in my post was FUCKING thrilled when I told him about his good fortune (and wouldn't you be happy with a free $3300), at the expense of other higher income tax paying citizens. Sometimes you guys kill me.
Fact Finder wrote:BTW: Line 13 folks..pg. 2
http://www.irs.gov/pub/irs-pdf/f1040.pdf
Line 13 will list Capital Gains as INCOME...thus subject to INCOME TAX of whatever bracket you are in.
Monker and TNC cannot fool me. Some of you might swallow their shit,.... sorry bout your luck.
Fact Finder wrote:The greed and envy is coming from you Monker. FACT
IMHO
Fact Finder wrote:The person making money off of Cap Gains has already paid their fair share of tax and more you moron. And they'll pay more taxes the more the Cap Gains they make, so you should be damn happy about that because it's more to spread around. And if you want to totally shut down this economy down, go ahead and put a wage cap on. Enjoy your Cheerio's, if you can find some.
God how can people be so stOopid?
Fact Finder wrote:My point Monker is that you couch your argument as tho Cap Gains is a bad evil thing and people are scamming the system and not paying their fair share. Just not true as the laws are written now. I worded my post wrong as you pointed out, but the point stands, people with Gains do pay taxes and in many cases A LOT of Taxes. I see it all the time.
slucero wrote:I'd rather have a consumption tax only. That rewards savers... and savings is where the majority of investment capital comes from.
much better for the economy long term IMHO.
Fact Finder wrote:"Monker wrote:When your personal savings account is taxed at %15, that is when I'll say the Capital Gains tax rate is fair. Until then, it is one more way for rich people to lower their EFFECTIVE tax rate to be below what the average person paysObamas pay $98,169 in taxes on income of $481,098
Ahem: 20.4%
Fact Finder wrote:Jews ordered to register in Ukraine
oh shit!
Wall Street deregulation pushed by Clinton advisers, documents reveal
Previously restricted papers reveal attempts to rush president to support act, later blamed for deepening banking crisis
http://www.theguardian.com/world/2014/a ... sers-obama
Wall Street deregulation, blamed for deepening the banking crisis, was aggressively pushed by advisers to Bill Clinton who have also been at the heart of current White House policy-making, according to newly disclosed documents from his presidential library.
The previously restricted papers reveal two separate attempts, in 1995 and 1997, to hurry Clinton into supporting a repeal of the Depression-era Glass Steagall Act and allow investment banks, insurers and retail banks to merge.
A Financial Services Modernization Act was passed by Congress in 1999, giving retrospective clearance to the 1998 merger of Citigroup and Travelers Group and unleashing a wave of Wall Street consolidation that was later blamed for forcing taxpayers to spend billions bailing out the enlarged banks after the sub-prime mortgage crisis.
The White House papers show only limited discussion of the risks of such deregulation, but include a private note which reveals that details of a deal with Citigroup to clear its merger in advance of the legislation were deleted from official documents, for fear of it leaking out.
“Please eat this paper after you have read this,” jokes the hand-written 1998 note addressed to Gene Sperling, then director of Clinton's National Economic Council.
Earlier, in February 1995, newly-appointed Treasury secretary Robert Rubin, his deputy Bo Cutter and senior advisers including John Podesta gave the president three days to decide whether to back a repeal of Glass-Steagall.
In what Cutter described as “an action forcing event”, he wrote to Clinton on 21 February, telling him Rubin wanted to announce the policy before it was raised by the House banking committee on 1 March.
“In order to position Secretary Rubin – rather than any of the regulators – as the Administration's chief spokesman on this issue, the Secretary intends to discuss the Administration's position at a speech which will be covered by the press in New York on 27 February,” wrote Cutter on 21 February.
“It is therefore necessary to have an agreed-upon Administration position by the end of the day on Friday, 24 February.”
Podesta, who was then staff secretary but went on to become Clinton's chief of staff, wrote a covering note telling the president that all his senior advisers backed the plan, although he noted the danger that “allowing banks to engage in riskier activities like securities or insurance could subject the deposit insurance fund to added risk”.
But Clinton's advisers repeatedly reassured him that the decision to let Wall Street dismantle regulatory barriers designed to protect the public after the Great Depression simply represented inevitable modernisation.
“The argument for reform is that the separation between banking and other financial services mandated by Glass-Steagall is out of date in a world where banks, securities firms and insurance companies offer similar products and where firms outside the US do not face such restrictions,” wrote Podesta.
Podesta currently works at the White House as special adviser to President Barack Obama. Sperling stood down as director of Obama's National Economic Council last month.
Along with Cutter, who worked on Obama's transition committee, all three men were close allies of Rubin, who spearheaded the deregulation of Wall Street before joining the board of Citigroup in 1999. In 2007, he briefly became its chairman.
The closeness of Obama's team to the deregulation policies of the late 1990s is well known and has been criticised by campaigners as a reason for the current administration's reluctance to institute more aggressive Wall Street reforms after the banking crash.
But the new documents cast fresh light on the way the White House was first ushered toward deregulation by the tight group of Rubin allies.
A similar apparent attempt to rush president Clinton's decision-making occurred later in the process, in 1997.
In a letter received by the president on 19 May, Clinton is again given just three days to decide whether to proceed with the deregulation agenda.
“The attached memorandum asks you to authorize Treasury to proceed to announce and submit their financial services modernization proposal,” writes Sperling.
“Secretary Rubin intends to introduce the proposal in a 21 May speech, and to testify before the House Banking Committee the first week of June.”
In his letter, Rubin reassures Clinton that the issue need not take up much of his attention.
“Should you approve our recommendation to move forward, the proposal would be a Treasury initiative, and would not require a significant time commitment from the White House,” writes the Treasury secretary.
“I and my staff will manage the process of advancing the proposal,” he adds.
The sense that the president need not concern himself with the detail is amplified by his own staff, who appear happy for him to be pushed along by the Treasury timetable.
In a covering note from staff secretary Todd Stern, Clinton is warned: “The attached memo is long, detailed and technical, but you can get the essentials by looking at the first four pages.”
Stern adds: “If you agree. Treasury will, tomorrow, put out some advance word on the Rubin speech.”
Throughout the documents, which are among 7,000 pages released by the Clinton library on Friday, there is little discussion of internal opposition to repealing Glass-Steagall, although some memos inadvertently touch on the risks that ultimately proved so expensive to the US taxpayer.
“Notwithstanding the pounding Treasury took today, there's still much to their position on the regulatory structure (which really depends on the proposition that we're not good at regulating complex financial (let alone non-financial) companies, but we're pretty good at walling off the bank to protect the taxpayers),” concludes Clinton adviser Ellen Seidman in one 1997 memo.
slucero wrote:sure is funny how hindsight explains things happening now.....Wall Street deregulation pushed by Clinton advisers, documents reveal
Previously restricted papers reveal attempts to rush president to support act, later blamed for deepening banking crisis
http://www.theguardian.com/world/2014/a ... sers-obama
Boomchild wrote:slucero wrote:sure is funny how hindsight explains things happening now.....Wall Street deregulation pushed by Clinton advisers, documents reveal
Previously restricted papers reveal attempts to rush president to support act, later blamed for deepening banking crisis
http://www.theguardian.com/world/2014/a ... sers-obama
Those damn Republicans!
Fact Finder wrote:Jews in one Ukrainian city were sent notes “indicating that they have to identify themselves as Jews,” U.S. Secretary of State John Kerry said Thursday.
“In the year 2014, after all of the miles traveled and all of the journey of history, this is not just intolerable, it’s grotesque,” Kerry said. “It is beyond unacceptable. And any of the people who engage in these kinds of activities — from whatever party or whatever ideology or whatever place they crawl out of — there is no place for that.”
http://www.usatoday.com/story/news/worl ... e/7816951/
http://fox4kc.com/2014/04/17/jews-order ... t-ukraine/
The_Noble_Cause wrote:Um, Glass-Steagall was the culmination of decades of repealing FDR's New Deal regulatory policies. What was it that Alan Greenspan said? Clinton was "the best Republican president we ever had." You low information rubes don't even understand the destructive conservative ideology you are on here defending. Twenty years from now, you'll blame Teddy Roosevelt for lax meat packing standards and Dennis Kucinich for starting the Iraq War. Up is down, right is left, the sky is green, and the only constant is that Republicans are stupid, dangerous, and ugly.
EDIT: The other part of this that I really love, is typically, conservatives have blamed the housing crash on over regulation. According to GOP revisionist mythology, banks were pressured by Democratic legislation such as redlining to extend loans 2 financially unfit minority families. Now you want to blame it on deregulation, one of the guiding principles of your own party?! Just how completely immune to reality are u? Meanwhile conservative contenders for 2016 are currently gearing up 2 outdo themselves in the race to deregulate Obamacare, Dodd-Frank, the consumer protection agency etc. Ultimately both parties are vulnerable to the influence of the banking sector. The question is do Americans stand a better chance of seeing reform within the party of FDR, Elizabeth Warren and Bernie Sanders. Or the party of Jack Abramoff and Grover Norquist? Wakey wakey, dumb asses. Going to a Hannity Freedom Concert won't help you pay the bills or put a child thru college.
Return to Snowmobiles For The Sahara
Users browsing this forum: No registered users and 13 guests