Economics

warning: Creating default object from empty value in /home/theliber/public_html/modules/taxonomy/taxonomy.pages.inc on line 33.

Responsiblity & "Sharing The Burden" of The Budget Crisis

Whenever someone looks at a budget crisis at any given moment, it’s easy to point to “cut spending, raise revenue” and say it's the best and most fair solution. While, on the surface, this is a great way to compromise and “move forward”, and it usually is... just not this time.

I have always had a problem with the idiocy of some people who forget or ignore the past. If you remind these people whom was responsible for “spilling the milk”, their reply is usually something like: “We need to focus on the current issue at hand.” or “You are just trying to point the finger.” Then they quickly want to move to a “fair” compromise. What I think is “fair” is: whomever “makes the mess, cleans it up”. How many times does your child have to spill the milk, before you take direct control of the milk-carton away? Same thing with the budget.

up
3907 users have voted.

The Founding Fathers, Capitalism & the GOP

I have just read an interesting article on the difference between the founding Fathers and Republicans.  In case you didn’t know, politicususa.com, the source of the article [1], is a left-wing organization and needs to be considered when reading. So of course, the article suggests the GOP is nothing like our Founding Fathers; yet we are yearning to return to those ideas.  Suggesting the support of capitalism by republicans is detrimental to the country and against our Founders’ intent.   In the rest of this article, I will illustrate exactly how much we have similar intents, but how the author completely misleads his readers concerning capitalism and corporatism. (And he throws in some insults for good measure.)

 

up
4967 users have voted.

S.3816

S.3816 also known as `Creating American Jobs and Ending Offshoring Act' was sponsored by Dick Durbin (D-IL) an had eight co-sponsers. The republicans filibustered this bill and then blocked it.

The basics of this bill included:

1) a tax holiday for companies that returned jobs to America from overseas. (up to 24 months)
2) No more tax deductions or tax credits for the cost of an American job offshoring transaction
3) Eliminate the deferral of tax on income of a controlled foreign corporation attributable to property imported into the United States by such corporation or a related person, except for property exported before substantial use in the US and for agricultural commodities not grown in the US in commercially marketable quantities.

The whole bill can be viewed here: http://thomas.loc.gov/cgi-bin/query/z?c111:S.+3816:

up
4034 users have voted.