Thursday, May 31, 2012

Irresistable Quotes

Conservative Ben Stein:
During an interview with CNN on Wednesday, Stein called Obama’s proposed 30 percent tax rate for millionaires “totally fair and it's absolutely necessary.”

“We're headed towards national default,” Stein said. “I mean, no candidate has told you from either party, but we're heading towards default … unless we raise taxes dramatically and cut spending. And raising taxes on people who have incomes of over a million dollars a year seems to me a fair way to start. I don't see any rational reason why people who have that much money should not pay a higher rate of tax. It would be nice if they could keep it, but it would be also nice if we could fly by flapping our wings.”

Monday, May 28, 2012

Irresistable Quotes

 Alan Simpson (R) "I guess I'm known as a RINO now, which means a Republican in name only, because, I guess, of social views, perhaps, or common sense would be another one, which seems to escape members of our party," Simpson said. "For heaven’s sake, you have Grover Norquist wandering the earth in his white robes saying that if you raise taxes one penny, he’ll defeat you. He can’t murder you. He can’t burn your house. The only thing he can do to you, as an elected official, is defeat you for re-election. And if that means more to you than your country when we need patriots to come out in a situation when we’re in extremity, you shouldn’t even be in Congress."

Friday, May 18, 2012

Economy Poised to Recover

According to the Congressional Budget Office, economic growth is forecast to be 4.1% in 2014-2017. That is categorized as a high growth rate by historical standards.

Monday, May 14, 2012

Irresistible Quotes


May 8, 2012 Senator Richard Lugar(R)"I knew from the races in 2010 that I was a likely target of Club for Growth, FreedomWorks and other Super Pacs dedicated to defeating at least one Republican as a PURIFICATION exercise to enhance their INFLUENCE over other Republican legislators""If Mr. Mourdock(R) is elected, I want him to be a good Senator. But that will require him to revise his stated GOAL of bringing ...MORE partisanship to Washington. In effect, what he has promised in this campaign is reflexive votes for a REJECTIONIST orthodoxy and rigid opposition to the actions and proposals of the other party.He has pledged his support to groups whose prime mission is to CLEANSE the Republican party of those who stray from orthodoxy as they see it"....This is what I have been saying for a long time about the radicalism of the republican party.

Wednesday, May 9, 2012

Simple Notes: What is a Federal Loan Guarentee?

What is a "federal loan guarantee"? It is the privatization of the profits and the socialization of the losses. How does it work? They scream "we need to get rid of big bad government" and "privatize" for more efficiency. Big Banks step in and say "we can save the student loans from government" They "privatize" student loans, charge double the interest from the federal student loan they get for a bargain FROM THE FED GOVERNMENT!, sell said loan to no other options available students, gain all the profit and if the student defaults...it's guaranteed by the tax payer AKA "us" and we SOCIALIZE the losses....Neat business model isn't it?