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Thursday, September 9, 2010

OBAMA: There are a whole bunch better ways to spend the money.

Bush Tax Cuts

Look, the reason is because those folks, as I said over the last decade, at the time when the Republicans were in charge, didn't see a wage increase. Did not see their incomes go up at a time when their costs for health care, for college tuition, for everything else was going up. So, they are just barely keeping their heads above water. The one group that actually saw their incomes increase substantially when ... Republicans were in charge, were the top two percent of Americans. The folks who saw the biggest jump were the top one tenth of one percent of Americans.

What I am saying is that if we are going to add to our deficit by $35 billion, $95 billion, $100 billion, $700 billion, if that's the Republican agenda, then I've got a whole bunch of better ways to spend that money. 
Taxes: What People Forget About Reagan - http://finance.yahoo.com/taxes/article/110597/taxes-what-people-forget-about-reagan?mod=taxes-filing

Tax Cuts Accounts Account For Nearly Half of the Deficit

"The new CBO data show that changes in law enacted since January 2001 increased the deficit by $539 billion in 2005. In the absence of such legislation, the nation would have a surplus this year. Tax cuts account for nearly half — 48 percent — of this $539 billion in increased costs."  http://www.cbpp.org/files/1-25-05bud.pdf

Some seek to portray “runaway domestic spending” or growth in the costs of entitlement programs as the primary cause of the shift in recent years from sizeable surpluses to large deficits. Such a characterization is incorrect.  http://www.cbpp.org/cms/?fa=view&id=966

Obama Refuses To Say He'd Veto Extension Of Bush Tax Cuts For Wealthy

A must read:  The United States of Inequality

Introducing the Great Divergence - http://www.slate.com/id/2266025/entry/2266026/
The Usual Suspects Are Innocent - http://www.slate.com/id/2266025/entry/2266027/
Importing Inequality - http://www.slate.com/id/2266025/entry/2266506/
Computer Exceptionalism - http://www.slate.com/id/2266025/entry/2266508/
Too Many Republicans - http://www.slate.com/id/2266025/entry/2266030/

The Great Divergence In Pictures - A visual guide to income inequality - http://www.slate.com/id/2266174/slideshow/2266174/fs/0//entry/2266214/

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