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How Much Taxation Would Fund Current Spending?
American Thinker, by Justin Hohn
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Original Article
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Posted By:magnante, 12/12/2012 9:40:29 AM
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| To best understand this spending aspect of the current budget negotiations in Washington, we must answer one crucial question: how much taxation on the top income-earners would be required to fully fund the present level of government spending? (snip) The IRS says 236,883 Americans filed returns with more than $1 million in income. They reported a total income of $726.91B. While that is a lot of money, it´s less than just Medicare and Medicaid, which cost $1 trillion together.
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Reply 1 - Posted by:
mickturn, 12/12/2012 10:07:54 AM (No. 9061305)
The better question is IF everyone paid 12.5% (I pulled the number from the air...) what would it fund?
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Reply 2 - Posted by:
pgvoisin, 12/12/2012 10:22:23 AM (No. 9061340)
NOTHING can fund current spending.
BYW, current spending is NOT covered by revenue. Add a LARGE slice of borrowing that is not sustainable, and you get to the real number.
And the next time you run into an Environmentalist, ask them if they be in SUSTAINABLE Energy.
Then ask them if they believe in sustainability, why did they vote for Obama who is spending in a way that is NOT SUSTAINABLE?
Either they believe in sustainability or they don´t! They can´t have it both ways!
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Reply 3 - Posted by:
pgvoisin, 12/12/2012 10:25:10 AM (No. 9061346)
Sorry about the typos in my last email…
NOTHING can fund current spending.
BTW, current spending is NOT covered by revenue. Add a LARGE slice of borrowing that is not sustainable, and you get to the real number.
And the next time you run into an Environmentalist, ask them if they believe in SUSTAINABLE Energy.
Then ask them that IF they do believe in Sustainability, why did they vote for Obama who is spending in a way that is NOT SUSTAINABLE?
Either they believe in Sustainability or they don´t! They can´t have it both ways!
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Reply 4 - Posted by:
PoliticalJunky, 12/12/2012 11:36:31 AM (No. 9061538)
Millionaires are starting to move out of France. Before Margaret Thatcher came to the rescue wealthy people moved out of Emgland, most toS Switzerland. Liberals don´t seem to be able to get it into their heads that people can and will move out. I guess it must be the fact that liberals only think one step at a time. For some reason, they cannot anticipate unintended consequences and whenever conservatives try to point out that unintended consequences will occur we are accused of being heartless and are brushed aside.
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Below, you will find ...
Most Recent Articles posted by "magnante"
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Most Recent Articles posted by "magnante"
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By his own standards, Obama is ´self-delusional´
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American Thinker, by Thomas Lifson
Original Article
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Posted By: magnante- 4/6/2013 9:03:24 AM
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It´s one thing for President Obama to be cocky and overstate his prowess at governing. People are used to politicians grabbing credit, and besides, you can always rationalize when it comes to explaining why things didn´t quite work out as you claimed they would - "the sequester ate my recovery" being the latest successful-enough example. But sports is something else. The basketball either goes through the hoop or it doesn´t. That´s why President Obama´s history of braggadocio regarding his prowess at hoops is having a potent effect on his overall public image, especially with those who are favorably inclined to him.
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Gays for Sharia?
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American Thinker, by Pamela Geller
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Posted By: magnante- 4/5/2013 9:10:00 AM
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Over at Salon, Chris Stedman, the Assistant Humanist Chaplain and the Values in Action Coordinator for the Humanist Community at Harvard, has published a vicious piece attacking me for calling attention to the persecution of gays under Islamic law. This comes just days after San Francisco´s Board of Supervisors unanimously passed a resolution condemning my ads standing up for gays. Stedman and the transgender head of the San Francisco Human Rights Commission, Theresa Sparks, could form a new organization: Gays for Sharia.
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Barry butches up with comment on California AG
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American Thinker, by Thomas Lifson
Original Article
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Posted By: magnante- 4/5/2013 9:08:13 AM
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During his two day flurry of fundraising in Northern California, the President of the United States took it upon himself (and allow to be released to the public - not all of his fundraising comments make it to the masses) to praise the attractiveness of Kamala Harris, California Attorney General (snip) The remark, predictably, generated a little of what Allahpundit called a ´Blue on blue food fight." I suspect that was the intention. The president´s image as a manly man took a beating when he missed 20 of 22 basketball shots, all recorded on video.
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Oh-oh! The dreaded i-word starts attaching itself to Obama
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American Thinker, by Thomas Lifson
Original Article
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Posted By: magnante- 4/4/2013 10:37:18 AM
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We have already seen Peak Obama; from here on, it´s going to get rougher and rougher for Barack Obama. Even worse, the one word he must fear the most has just been uttered by a man regarded as a bit of a truth-teller among liberal elites. Joe Klein, the celebrated author "Anonymous," who wrote the best selling, truth-telling book Primary Colors about the 1992 primary campaign that brought us President Bill Clinton, has made it ok for liberals to apply the word "incompetence" to the Obama administration. This represents something of a breakthrough. Until now, it has been taboo
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Where is Starbucks Board of Directors?
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American Thinker, by Tom Trinko
Original Article
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Posted By: magnante- 4/4/2013 9:44:12 AM
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The CEO of Starbucks basically told a shareholder that if the shareholder believes in traditional marriage he should dump his Starbucks stock. Historically the job of the CEO has been to make money and increase shareholder value. It would seem telling people who don´t share the CEO´s personal beliefs, whether it´s gay marriage or abortion, to dump the companies stock is not a pro-shareholder action. This is another example of the liberal belief that everything belongs to liberals because they´re just so darn much smarter than the rest of us
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The Coming Global Warming Voter Backlash
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American Thinker, by Jonathon Miseley
Original Article
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Posted By: magnante- 4/4/2013 8:40:29 AM
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News is breaking out all over: global warming stopped 20 years ago. A political earthquake has resulted from a feature story in the Economist magazine because the Economist used to be a consistent cheerleader for global warming activism. Doubts about global warming used to be censored by its London editors, one reporter confided to Stephen Hayward. So what will voters do to Democrat candidates in 2014 and 2016 when the former realize that the Democratic Party was lying to them? Is it time to run away from the issue for Democrats, journalists, and Hollywood personalities?
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Finally! School Choice can show its stuff
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American Thinker, by Thomas Lifson
Original Article
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Posted By: magnante- 4/3/2013 10:24:03 AM
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The Great State of Indiana is about to test statewide school choice on a meaningful scale. This a major victory that has attracted little media attention at a time when the MSM narrative is focused on same sex marriage splitting the Republicans, and the inevitable tide of history sweeping away the evangelical wing of the GOP into the dustbin of history, or at least out of the its status as the party´s reliable base.
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It´s Almost 3 AM and North Korea´s Calling
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American Thinker, by Thomas Lifson
Original Article
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Posted By: magnante- 4/3/2013 8:36:58 AM
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President Obama has a situation on his hands where charisma and media support do him no good. He is dealing with a nuclear-armed regime with a history of military attacks, provocations as a means of extortion, and brutality. (snip) In understanding the North Koreans, an unspoken factor that must be considered is that the North Koreans know they are phonies, that they carefully distort reality to impress the rest of the world with how successful they are, even in the midst of economic collapse and mass starvation. North Korea is a Potemkin country
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How Liberals Corrode Society
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American Thinker, by Christopher Chantrill
Original Article
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Posted By: magnante- 4/2/2013 8:47:57 AM
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In the girl section of the Wall Street Journal last weekend Matt Ridley had an article on nice vs. nasty, cooperation vs. competition. Researchers have found, he writes, that families that stay together cooperate better than families that are far apart. This is not the first work to find mathematical evidence that there are conditions under which cooperative behavior drives out selfish behavior... So long as there is little geographic mobility, clusters of networked kin and friends develop, putting an advantage on being nice. Who knew?
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ObamaCare Bites Unionized Educators
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American Thinker, by Eileen F. Toplansky
Original Article
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Posted By: magnante- 4/1/2013 9:57:00 AM
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As the proverbial offal hits the fan, adjunct instructors and their union leaders are understandably panic-stricken as they finally realize the impact of ObamaCare on their livelihoods. Union representatives are now sending their members letters stating that "the Affordable Care Act [aka ObamaCare] has defined full time as anyone working over 30 hours a week or 130 hours a month." Many of these hardworking and well-meaning local labor representatives, who were duped -- I mean, told by the American Federation of Teachers Union (AFT) that Obama was the one who would bring all good things to pass
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A Tragic, Vicious Irony
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American Thinker, by Russ Vaughn
Original Article
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Posted By: magnante- 4/1/2013 9:24:50 AM
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Mark Kelly, retired Navy fighter pilot and former astronaut, husband of former Congresswoman, Gabby Giffords, is much in the news right now as he pushes for stricter gun control across the country. He´s popping up on the tube everywhere and Internet stories about his gun-purchasing activities abound. While he´s the ideal spokesman for liberals, a former warrior who espouses stricter gun control legislation, there´s a good deal of criticism building out there in the blogosphere.
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Most Active Articles (last 48 hours)
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´My bangs are getting a little irritating´: Michelle Obama admits she already regrets her high-maintenance hairdo
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Daily Mail (UK), by Margot Peppers
Original Article
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Posted By: pineledger- 4/7/2013 7:43:42 AM
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Michelle Obama has admitted that she is already tired of the bangs she first sported in January. The First Lady said in an interview with Entertainment Tonight: ´Bangs are a day-by-day proposition. They´re starting to grow out, get a little irritating.´ Still, she hasn´t let her hairdo woes get her down. ´It´s okay,´ she said after her initial complaint. ´We´ll be good.´ The first indication that her hairstyle was becoming a burden came about last weekend, when Malia, 14, was spotted adjusting her mother´s hair during the White House Easter Egg Roll.
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McCain: ´I don´t understand´ GOP filibuster on guns
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Politico, by Jennifer Epstein
Original Article
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Posted By: JoniTx- 4/7/2013 12:18:14 PM
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Sen. John McCain says he doesn´t understand the threats from some of his Republican colleagues to filibuster a bill on background checks to buy guns. "I don´t understand it," the Arizona Republican said on Sunday of the threat coming from Sen. Rand Paul,Sen. Ted Cruz, Sen. Mike Lee and nine other Republicans. "The purpose of the United States Senate is to debate and to vote and to let the people know where we stand.” "What are we afraid of? ... If this issue is as important as we all think it is, why not take ... it up and debate?"
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Why Obama´s ´Best-Looking Attorney General´ Comment Was a Gaffe
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The Atlantic, by Garance Franke-Ruta
Original Article
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Posted By: Oblio- 4/6/2013 6:51:15 AM
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President Obama´s biggest gaffe yesterday when speaking of California Attorney General Kamala Harris was not in flirtatiously complimenting her as "the best-looking attorney general," but in introducing an observation from the system of beauty into a forum that was about the system of power.What´s that, you say? Irin Carmon does a great job in Salon in laying out the bounds of propriety for when it´s appropriate to talk about a woman´s looks as a general matter. But I´ve long felt we lack a solid theoretical underpinning for easily discussing these issues, and why precisely it is that
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Mother Of Slain Benghazi Officer To Sean Hannity: ‘They Want Me To Shut Up’
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Mediaite, by A.J. Delgado
Original Article
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Posted By: StormCnter- 4/7/2013 5:00:16 AM
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On Friday, Sean Hannity brought Pat Smith, mother of the late Sean Smith, on his radio program. The 34-year-old information management officer was one of four Americans murdered in the Benghazi embassy attack on September 11, 2012. In the chilling interview, a distraught Ms. Smith, in tears, pleaded for answers and spoke of the efforts to silence her. Ms. Smith first relayed how her son, prior to the attack, requested additional security in advance and warned the State Department: He did tell them, ahead of time, he typed it into his little typewriter over there,
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Hillary Clinton Would Not ´Clear the Field´ for 2016
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New Republic, by Tod Lindberg
Original Article
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Posted By: StormCnter- 4/6/2013 5:22:36 AM
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No one is more preoccupied these days with Hillary Clinton´s 2016 plans than the Beltway political class—not even the former presidential candidate herself. To hear some tell it, her decision will be dispositive for all other Democrats thinking of entering the race. And pundits and reporters aren´t the only ones positing the "The Hillary Factor": No less than the House Democratic whip, Steny Hoyer, told BuzzFeed, “I don´t know that anybody would run against Hillary…. If she runs, she clears the field.” It´s an understandable conclusion, given Clinton´s stature in the Democratic Party and her 70 percent
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Obama critic apologizes for his ´poorly chosen words´ on gay marriage
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The Hill [Washington DC], by Alexandra Jaffe
Original Article
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Posted By: JoniTx- 4/6/2013 12:18:19 PM
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Neurosurgeon Ben Carson, considered by some to be a potential Republican contender for president, apologized to Johns Hopkins University for the "poorly chosen words" he used in expressing his opposition to gay marriage last month.“I am sorry for any embarrassment this has caused,” Carson said in the letter, reported in New York Magazine.(Snip) "Although I do believe marriage is between a man and a woman, there are much less offensive ways to make that point. I hope all will look at a lifetime of service over some poorly chosen words.” Carson will remain as commencement speaker at Johns Hopkins,
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Vanishing workforce weighs on growth
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Washington Post, by Jim Tankersley
Original Article
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Posted By: Dreadnought- 4/6/2013 11:28:59 PM
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Put out an all-points bulletin: Millions of Americans have gone missing from the workforce. Every month that those would-be workers are gone raises the odds that they might never come back, dimming the prospects for future economic growth. The vanishing trend is more than a decade old, but it accelerated during the Great Recession. Throughout 2012, economists held out hope that it had stopped. But then came Friday’s jobs report, and hopes were dashed. The Labor Department reported that the U.S. labor force — everyone who has a job or is looking for one — shrank
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The Secrets of Princeton
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New York Times, by Ross Douthat
Original Article
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Posted By: Oblio- 4/7/2013 8:08:09 AM
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Susan Patton, the Princeton alumna who became famous for her letter urging Ivy League women to use their college years to find a mate, has been denounced as a traitor to feminism, to coeducation, to the university ideal. But really she’s something much more interesting: a traitor to her class. Her betrayal consists of being gauche enough to acknowledge publicly a truth that everyone who’s come up through Ivy League culture knows intuitively —
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Broadcasters worry about ´Zero TV´ homes
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Associated Press, by Ryan Nakashima
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Posted By: Ribicon- 4/7/2013 2:43:40 PM
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Los Angeles — Some people have had it with TV. They´ve had enough of the 100-plus channel universe. They don´t like timing their lives around network show schedules. They´re tired of $100-plus monthly bills. A growing number of them have stopped paying for cable and satellite TV service, and don´t even use an antenna to get free signals over the air. (Snip) Last month, the Nielsen Co. started labeling people in this group "Zero TV" households, because they fall outside the traditional definition of a TV home. There are 5 million of these residences in the U.S., up from
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Christians, here´s why we´re losing our religion
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Fox News, by Craig Groeschel
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Posted By: STLstudent- 4/7/2013 5:13:55 PM
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Recent research indicates that the number of people who do not consider themselves a part of an organized religion is steadily on the rise. Interestingly enough, though the number of those religiously unaffiliated is increasing, there is little to no trend in the number of those who express atheist or agnostic beliefs. People aren’t saying they don’t believe in God. They’re saying they don’t believe in religion. They are not rejecting Christ. They are rejecting the church. This begs the question, “Why are we losing our religion?”
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Beyonce, Jay-Z celebrate 5th anniversary in Havana, Cuba
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Los Angeles Times, by Nardine Saad
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Posted By: Fiesta del sol- 4/6/2013 8:20:04 AM
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Beyonce and Jay-Z celebrated their fifth wedding anniversary in Cuba this week. The couple, who married on April 4, 2008, took in the sights of Old Havana, visited a school, dined on a rooftop terrace and strolled the fan-filled streets in their island best.(snip).The power couple declined to answer journalists´ questions about their visit to the island nation, but some outlets are reporting that the moguls are there as tourists, though that would be illegal because of the half-century embargo the U.S. has on the Communist country. However, the Miami Herald said Washington has issued special licenses for
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