<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" > <channel><title>Comments on: Greenspan: America Can&#8217;t Afford McCain&#8217;s Tax Cuts</title> <atom:link href="http://www.jackandjillpolitics.com/2008/09/greenspan-america-cant-afford-mccains-tax-cuts/feed/" rel="self" type="application/rss+xml" /><link>http://www.jackandjillpolitics.com/2008/09/greenspan-america-cant-afford-mccains-tax-cuts/</link> <description>A black bourgeoisie perspective on U.S. politics</description> <lastBuildDate>Fri, 10 Feb 2012 15:36:05 +0000</lastBuildDate> <sy:updatePeriod>hourly</sy:updatePeriod> <sy:updateFrequency>1</sy:updateFrequency> <generator>http://wordpress.org/?v=3.1</generator> <item><title>By: Dissenter</title><link>http://www.jackandjillpolitics.com/2008/09/greenspan-america-cant-afford-mccains-tax-cuts/comment-page-1/#comment-335085</link> <dc:creator>Dissenter</dc:creator> <pubDate>Tue, 16 Sep 2008 12:17:47 +0000</pubDate> <guid isPermaLink="false">http://www.jackandjillpolitics.com/?p=2865#comment-335085</guid> <description>Dr. Greenspan could not be more correct that the Bush Administration has been an economic disaster. If we are being objective though, how do we explain the ~$1 Trillion+ in new social spending that Sen. Obama is proposing without any reasonable explanation of how to pay for it? Soaking the &quot;rich&quot;, at the low level Sen. Obama defines as the &quot;rich&quot;, will increase unemployment and decrease employee wages- important, given how many people rely on small business owners for jobs today. &lt;br&gt;&lt;br&gt;For example, I know that this little gizmo called Obama&#039;s Tax Cut says that Obama&#039;s tax plan will increase my taxes about $14K/year over McCain&#039;s. A tax increase like that is  likely to be offset directly out of the pockets a lot of small business owners&#039; employees. I don&#039;t know yet how I would adjust to it. &lt;br&gt;&lt;br&gt;And how does he explain that ~40% of the 95% he purports to cut taxes on...don&#039;t actually pay taxes? Some (and I admit I haven&#039;t done the research on what %) already receive a tax subsidy in the form of Earned Income Credit, despite paying no taxes. Will these citizens receive a tax cut from President Obama too? &lt;br&gt;&lt;br&gt;In my opinion, Sen. Obama would be wise to revise his income redistribution plan in the same way that he has modified his initial plan to raise the capital gains tax from 15% to 28%, a position he modified after a meeting with Warren Buffett and friends whom we can guess told him that doing so would trash the stock market between election day and inauguration day. A more reasonable definition of who is &quot;rich&quot; would definitely be useful in persuading those of us who are 80-90% of the way on board with a President Obama but aren&#039;t with the class warfare. I know I get up every day to go to work. How rich could I be?&lt;br&gt;&lt;br&gt;Why is no one challenging Sen. Obama on these fundamental economic issues given the pornographic expansion of government we&#039;ve experienced under Bush? Maybe it is time to do some serious reductions in spending. We can&#039;t afford more of the same. Literally.</description> <content:encoded><![CDATA[<p>Dr. Greenspan could not be more correct that the Bush Administration has been an economic disaster. If we are being objective though, how do we explain the ~$1 Trillion+ in new social spending that Sen. Obama is proposing without any reasonable explanation of how to pay for it? Soaking the &#8220;rich&#8221;, at the low level Sen. Obama defines as the &#8220;rich&#8221;, will increase unemployment and decrease employee wages- important, given how many people rely on small business owners for jobs today.</p><p>For example, I know that this little gizmo called Obama&#39;s Tax Cut says that Obama&#39;s tax plan will increase my taxes about $14K/year over McCain&#39;s. A tax increase like that is  likely to be offset directly out of the pockets a lot of small business owners&#39; employees. I don&#39;t know yet how I would adjust to it.</p><p>And how does he explain that ~40% of the 95% he purports to cut taxes on&#8230;don&#39;t actually pay taxes? Some (and I admit I haven&#39;t done the research on what %) already receive a tax subsidy in the form of Earned Income Credit, despite paying no taxes. Will these citizens receive a tax cut from President Obama too?</p><p>In my opinion, Sen. Obama would be wise to revise his income redistribution plan in the same way that he has modified his initial plan to raise the capital gains tax from 15% to 28%, a position he modified after a meeting with Warren Buffett and friends whom we can guess told him that doing so would trash the stock market between election day and inauguration day. A more reasonable definition of who is &#8220;rich&#8221; would definitely be useful in persuading those of us who are 80-90% of the way on board with a President Obama but aren&#39;t with the class warfare. I know I get up every day to go to work. How rich could I be?</p><p>Why is no one challenging Sen. Obama on these fundamental economic issues given the pornographic expansion of government we&#39;ve experienced under Bush? Maybe it is time to do some serious reductions in spending. We can&#39;t afford more of the same. Literally.</p> ]]></content:encoded> </item> <item><title>By: Dissenter</title><link>http://www.jackandjillpolitics.com/2008/09/greenspan-america-cant-afford-mccains-tax-cuts/comment-page-1/#comment-164638</link> <dc:creator>Dissenter</dc:creator> <pubDate>Tue, 16 Sep 2008 08:17:47 +0000</pubDate> <guid isPermaLink="false">http://www.jackandjillpolitics.com/?p=2865#comment-164638</guid> <description>Dr. Greenspan could not be more correct that the Bush Administration has been an economic disaster. If we are being objective though, how do we explain the ~$1 Trillion+ in new social spending that Sen. Obama is proposing without any reasonable explanation of how to pay for it? Soaking the &quot;rich&quot;, at the low level Sen. Obama defines as the &quot;rich&quot;, will increase unemployment and decrease employee wages- important, given how many people rely on small business owners for jobs today. &lt;br&gt;&lt;br&gt;For example, I know that this little gizmo called Obama&#039;s Tax Cut says that Obama&#039;s tax plan will increase my taxes about $14K/year over McCain&#039;s. A tax increase like that is  likely to be offset directly out of the pockets a lot of small business owners&#039; employees. I don&#039;t know yet how I would adjust to it. &lt;br&gt;&lt;br&gt;And how does he explain that ~40% of the 95% he purports to cut taxes on...don&#039;t actually pay taxes? Some (and I admit I haven&#039;t done the research on what %) already receive a tax subsidy in the form of Earned Income Credit, despite paying no taxes. Will these citizens receive a tax cut from President Obama too? &lt;br&gt;&lt;br&gt;In my opinion, Sen. Obama would be wise to revise his income redistribution plan in the same way that he has modified his initial plan to raise the capital gains tax from 15% to 28%, a position he modified after a meeting with Warren Buffett and friends whom we can guess told him that doing so would trash the stock market between election day and inauguration day. A more reasonable definition of who is &quot;rich&quot; would definitely be useful in persuading those of us who are 80-90% of the way on board with a President Obama but aren&#039;t with the class warfare. I know I get up every day to go to work. How rich could I be?&lt;br&gt;&lt;br&gt;Why is no one challenging Sen. Obama on these fundamental economic issues given the pornographic expansion of government we&#039;ve experienced under Bush? Maybe it is time to do some serious reductions in spending. We can&#039;t afford more of the same. Literally.</description> <content:encoded><![CDATA[<p>Dr. Greenspan could not be more correct that the Bush Administration has been an economic disaster. If we are being objective though, how do we explain the ~$1 Trillion+ in new social spending that Sen. Obama is proposing without any reasonable explanation of how to pay for it? Soaking the &#8220;rich&#8221;, at the low level Sen. Obama defines as the &#8220;rich&#8221;, will increase unemployment and decrease employee wages- important, given how many people rely on small business owners for jobs today.</p><p>For example, I know that this little gizmo called Obama&#39;s Tax Cut says that Obama&#39;s tax plan will increase my taxes about $14K/year over McCain&#39;s. A tax increase like that is  likely to be offset directly out of the pockets a lot of small business owners&#39; employees. I don&#39;t know yet how I would adjust to it.</p><p>And how does he explain that ~40% of the 95% he purports to cut taxes on&#8230;don&#39;t actually pay taxes? Some (and I admit I haven&#39;t done the research on what %) already receive a tax subsidy in the form of Earned Income Credit, despite paying no taxes. Will these citizens receive a tax cut from President Obama too?</p><p>In my opinion, Sen. Obama would be wise to revise his income redistribution plan in the same way that he has modified his initial plan to raise the capital gains tax from 15% to 28%, a position he modified after a meeting with Warren Buffett and friends whom we can guess told him that doing so would trash the stock market between election day and inauguration day. A more reasonable definition of who is &#8220;rich&#8221; would definitely be useful in persuading those of us who are 80-90% of the way on board with a President Obama but aren&#39;t with the class warfare. I know I get up every day to go to work. How rich could I be?</p><p>Why is no one challenging Sen. Obama on these fundamental economic issues given the pornographic expansion of government we&#39;ve experienced under Bush? Maybe it is time to do some serious reductions in spending. We can&#39;t afford more of the same. Literally.</p> ]]></content:encoded> </item> <item><title>By: Dissenter</title><link>http://www.jackandjillpolitics.com/2008/09/greenspan-america-cant-afford-mccains-tax-cuts/comment-page-1/#comment-55530</link> <dc:creator>Dissenter</dc:creator> <pubDate>Tue, 16 Sep 2008 05:17:47 +0000</pubDate> <guid isPermaLink="false">http://www.jackandjillpolitics.com/?p=2865#comment-55530</guid> <description>Dr. Greenspan could not be more correct that the Bush Administration has been an economic disaster. If we are being objective though, how do we explain the ~$1 Trillion+ in new social spending that Sen. Obama is proposing without any reasonable explanation of how to pay for it? Soaking the &quot;rich&quot;, at the low level Sen. Obama defines as the &quot;rich&quot;, will increase unemployment and decrease employee wages- important, given how many people rely on small business owners for jobs today. &lt;br&gt;&lt;br&gt;For example, I know that this little gizmo called Obama&#039;s Tax Cut says that Obama&#039;s tax plan will increase my taxes about $14K/year over McCain&#039;s. A tax increase like that is  likely to be offset directly out of the pockets a lot of small business owners&#039; employees. I don&#039;t know yet how I would adjust to it. &lt;br&gt;&lt;br&gt;And how does he explain that ~40% of the 95% he purports to cut taxes on...don&#039;t actually pay taxes? Some (and I admit I haven&#039;t done the research on what %) already receive a tax subsidy in the form of Earned Income Credit, despite paying no taxes. Will these citizens receive a tax cut from President Obama too? &lt;br&gt;&lt;br&gt;In my opinion, Sen. Obama would be wise to revise his income redistribution plan in the same way that he has modified his initial plan to raise the capital gains tax from 15% to 28%, a position he modified after a meeting with Warren Buffett and friends whom we can guess told him that doing so would trash the stock market between election day and inauguration day. A more reasonable definition of who is &quot;rich&quot; would definitely be useful in persuading those of us who are 80-90% of the way on board with a President Obama but aren&#039;t with the class warfare. I know I get up every day to go to work. How rich could I be?&lt;br&gt;&lt;br&gt;Why is no one challenging Sen. Obama on these fundamental economic issues given the pornographic expansion of government we&#039;ve experienced under Bush? Maybe it is time to do some serious reductions in spending. We can&#039;t afford more of the same.</description> <content:encoded><![CDATA[<p>Dr. Greenspan could not be more correct that the Bush Administration has been an economic disaster. If we are being objective though, how do we explain the ~$1 Trillion+ in new social spending that Sen. Obama is proposing without any reasonable explanation of how to pay for it? Soaking the &#8220;rich&#8221;, at the low level Sen. Obama defines as the &#8220;rich&#8221;, will increase unemployment and decrease employee wages- important, given how many people rely on small business owners for jobs today.</p><p>For example, I know that this little gizmo called Obama&#39;s Tax Cut says that Obama&#39;s tax plan will increase my taxes about $14K/year over McCain&#39;s. A tax increase like that is  likely to be offset directly out of the pockets a lot of small business owners&#39; employees. I don&#39;t know yet how I would adjust to it.</p><p>And how does he explain that ~40% of the 95% he purports to cut taxes on&#8230;don&#39;t actually pay taxes? Some (and I admit I haven&#39;t done the research on what %) already receive a tax subsidy in the form of Earned Income Credit, despite paying no taxes. Will these citizens receive a tax cut from President Obama too?</p><p>In my opinion, Sen. Obama would be wise to revise his income redistribution plan in the same way that he has modified his initial plan to raise the capital gains tax from 15% to 28%, a position he modified after a meeting with Warren Buffett and friends whom we can guess told him that doing so would trash the stock market between election day and inauguration day. A more reasonable definition of who is &#8220;rich&#8221; would definitely be useful in persuading those of us who are 80-90% of the way on board with a President Obama but aren&#39;t with the class warfare. I know I get up every day to go to work. How rich could I be?</p><p>Why is no one challenging Sen. Obama on these fundamental economic issues given the pornographic expansion of government we&#39;ve experienced under Bush? Maybe it is time to do some serious reductions in spending. We can&#39;t afford more of the same.</p> ]]></content:encoded> </item> <item><title>By: Dissenter</title><link>http://www.jackandjillpolitics.com/2008/09/greenspan-america-cant-afford-mccains-tax-cuts/comment-page-1/#comment-55635</link> <dc:creator>Dissenter</dc:creator> <pubDate>Tue, 16 Sep 2008 05:17:47 +0000</pubDate> <guid isPermaLink="false">http://www.jackandjillpolitics.com/?p=2865#comment-55635</guid> <description>Dr. Greenspan could not be more correct that the Bush Administration has been an economic disaster. If we are being objective though, how do we explain the ~$1 Trillion+ in new social spending that Sen. Obama is proposing without any reasonable explanation of how to pay for it? Soaking the &quot;rich&quot;, at the low level Sen. Obama defines as the &quot;rich&quot;, will increase unemployment and decrease employee wages- important, given how many people rely on small business owners for jobs today. &lt;br&gt;&lt;br&gt;For example, I know that this little gizmo called Obama&#039;s Tax Cut says that Obama&#039;s tax plan will increase my taxes about $14K/year over McCain&#039;s. A tax increase like that is  likely to be offset directly out of the pockets a lot of small business owners&#039; employees. I don&#039;t know yet how I would adjust to it. &lt;br&gt;&lt;br&gt;And how does he explain that ~40% of the 95% he purports to cut taxes on...don&#039;t actually pay taxes? Some (and I admit I haven&#039;t done the research on what %) already receive a tax subsidy in the form of Earned Income Credit, despite paying no taxes. Will these citizens receive a tax cut from President Obama too? &lt;br&gt;&lt;br&gt;In my opinion, Sen. Obama would be wise to revise his income redistribution plan in the same way that he has modified his initial plan to raise the capital gains tax from 15% to 28%, a position he modified after a meeting with Warren Buffett and friends whom we can guess told him that doing so would trash the stock market between election day and inauguration day. A more reasonable definition of who is &quot;rich&quot; would definitely be useful in persuading those of us who are 80-90% of the way on board with a President Obama but aren&#039;t with the class warfare. I know I get up every day to go to work. How rich could I be?&lt;br&gt;&lt;br&gt;Why is no one challenging Sen. Obama on these fundamental economic issues given the pornographic expansion of government we&#039;ve experienced under Bush? Maybe it is time to do some serious reductions in spending. We can&#039;t afford more of the same. Literally.</description> <content:encoded><![CDATA[<p>Dr. Greenspan could not be more correct that the Bush Administration has been an economic disaster. If we are being objective though, how do we explain the ~$1 Trillion+ in new social spending that Sen. Obama is proposing without any reasonable explanation of how to pay for it? Soaking the &#8220;rich&#8221;, at the low level Sen. Obama defines as the &#8220;rich&#8221;, will increase unemployment and decrease employee wages- important, given how many people rely on small business owners for jobs today.</p><p>For example, I know that this little gizmo called Obama&#39;s Tax Cut says that Obama&#39;s tax plan will increase my taxes about $14K/year over McCain&#39;s. A tax increase like that is  likely to be offset directly out of the pockets a lot of small business owners&#39; employees. I don&#39;t know yet how I would adjust to it.</p><p>And how does he explain that ~40% of the 95% he purports to cut taxes on&#8230;don&#39;t actually pay taxes? Some (and I admit I haven&#39;t done the research on what %) already receive a tax subsidy in the form of Earned Income Credit, despite paying no taxes. Will these citizens receive a tax cut from President Obama too?</p><p>In my opinion, Sen. Obama would be wise to revise his income redistribution plan in the same way that he has modified his initial plan to raise the capital gains tax from 15% to 28%, a position he modified after a meeting with Warren Buffett and friends whom we can guess told him that doing so would trash the stock market between election day and inauguration day. A more reasonable definition of who is &#8220;rich&#8221; would definitely be useful in persuading those of us who are 80-90% of the way on board with a President Obama but aren&#39;t with the class warfare. I know I get up every day to go to work. How rich could I be?</p><p>Why is no one challenging Sen. Obama on these fundamental economic issues given the pornographic expansion of government we&#39;ve experienced under Bush? Maybe it is time to do some serious reductions in spending. We can&#39;t afford more of the same. Literally.</p> ]]></content:encoded> </item> <item><title>By: Dissenter</title><link>http://www.jackandjillpolitics.com/2008/09/greenspan-america-cant-afford-mccains-tax-cuts/comment-page-1/#comment-55642</link> <dc:creator>Dissenter</dc:creator> <pubDate>Tue, 16 Sep 2008 05:17:47 +0000</pubDate> <guid isPermaLink="false">http://www.jackandjillpolitics.com/?p=2865#comment-55642</guid> <description>Dr. Greenspan could not be more correct that the Bush Administration has been an economic disaster. If we are being objective though, how do we explain the ~$1 Trillion+ in new social spending that Sen. Obama is proposing without any reasonable explanation of how to pay for it? Soaking the &quot;rich&quot;, at the low level Sen. Obama defines as the &quot;rich&quot;, will increase unemployment and decrease employee wages- important, given how many people rely on small business owners for jobs today. &lt;br&gt;&lt;br&gt;For example, I know that this little gizmo called Obama&#039;s Tax Cut says that Obama&#039;s tax plan will increase my taxes about $14K/year over McCain&#039;s. A tax increase like that is  likely to be offset directly out of the pockets a lot of small business owners&#039; employees. I don&#039;t know yet how I would adjust to it. &lt;br&gt;&lt;br&gt;And how does he explain that ~40% of the 95% he purports to cut taxes on...don&#039;t actually pay taxes? Some (and I admit I haven&#039;t done the research on what %) already receive a tax subsidy in the form of Earned Income Credit, despite paying no taxes. Will these citizens receive a tax cut from President Obama too? &lt;br&gt;&lt;br&gt;In my opinion, Sen. Obama would be wise to revise his income redistribution plan in the same way that he has modified his initial plan to raise the capital gains tax from 15% to 28%, a position he modified after a meeting with Warren Buffett and friends whom we can guess told him that doing so would trash the stock market between election day and inauguration day. A more reasonable definition of who is &quot;rich&quot; would definitely be useful in persuading those of us who are 80-90% of the way on board with a President Obama but aren&#039;t with the class warfare. I know I get up every day to go to work. How rich could I be?&lt;br&gt;&lt;br&gt;Why is no one challenging Sen. Obama on these fundamental economic issues given the pornographic expansion of government we&#039;ve experienced under Bush? Maybe it is time to do some serious reductions in spending. We can&#039;t afford more of the same. Literally.</description> <content:encoded><![CDATA[<p>Dr. Greenspan could not be more correct that the Bush Administration has been an economic disaster. If we are being objective though, how do we explain the ~$1 Trillion+ in new social spending that Sen. Obama is proposing without any reasonable explanation of how to pay for it? Soaking the &#8220;rich&#8221;, at the low level Sen. Obama defines as the &#8220;rich&#8221;, will increase unemployment and decrease employee wages- important, given how many people rely on small business owners for jobs today.</p><p>For example, I know that this little gizmo called Obama&#39;s Tax Cut says that Obama&#39;s tax plan will increase my taxes about $14K/year over McCain&#39;s. A tax increase like that is  likely to be offset directly out of the pockets a lot of small business owners&#39; employees. I don&#39;t know yet how I would adjust to it.</p><p>And how does he explain that ~40% of the 95% he purports to cut taxes on&#8230;don&#39;t actually pay taxes? Some (and I admit I haven&#39;t done the research on what %) already receive a tax subsidy in the form of Earned Income Credit, despite paying no taxes. Will these citizens receive a tax cut from President Obama too?</p><p>In my opinion, Sen. Obama would be wise to revise his income redistribution plan in the same way that he has modified his initial plan to raise the capital gains tax from 15% to 28%, a position he modified after a meeting with Warren Buffett and friends whom we can guess told him that doing so would trash the stock market between election day and inauguration day. A more reasonable definition of who is &#8220;rich&#8221; would definitely be useful in persuading those of us who are 80-90% of the way on board with a President Obama but aren&#39;t with the class warfare. I know I get up every day to go to work. How rich could I be?</p><p>Why is no one challenging Sen. Obama on these fundamental economic issues given the pornographic expansion of government we&#39;ve experienced under Bush? Maybe it is time to do some serious reductions in spending. We can&#39;t afford more of the same. Literally.</p> ]]></content:encoded> </item> <item><title>By: Dissenter</title><link>http://www.jackandjillpolitics.com/2008/09/greenspan-america-cant-afford-mccains-tax-cuts/comment-page-1/#comment-56087</link> <dc:creator>Dissenter</dc:creator> <pubDate>Tue, 16 Sep 2008 05:17:47 +0000</pubDate> <guid isPermaLink="false">http://www.jackandjillpolitics.com/?p=2865#comment-56087</guid> <description>Dr. Greenspan could not be more correct that the Bush Administration has been an economic disaster. If we are being objective though, how do we explain the ~$1 Trillion+ in new social spending that Sen. Obama is proposing without any reasonable explanation of how to pay for it? Soaking the &quot;rich&quot;, at the low level Sen. Obama defines as the &quot;rich&quot;, will increase unemployment and decrease employee wages- important, given how many people rely on small business owners for jobs today. &lt;br&gt;&lt;br&gt;For example, I know that this little gizmo called Obama&#039;s Tax Cut says that Obama&#039;s tax plan will increase my taxes about $14K/year over McCain&#039;s. A tax increase like that is  likely to be offset directly out of the pockets a lot of small business owners&#039; employees. I don&#039;t know yet how I would adjust to it. &lt;br&gt;&lt;br&gt;And how does he explain that ~40% of the 95% he purports to cut taxes on...don&#039;t actually pay taxes? Some (and I admit I haven&#039;t done the research on what %) already receive a tax subsidy in the form of Earned Income Credit, despite paying no taxes. Will these citizens receive a tax cut from President Obama too? &lt;br&gt;&lt;br&gt;In my opinion, Sen. Obama would be wise to revise his income redistribution plan in the same way that he has modified his initial plan to raise the capital gains tax from 15% to 28%, a position he modified after a meeting with Warren Buffett and friends whom we can guess told him that doing so would trash the stock market between election day and inauguration day. A more reasonable definition of who is &quot;rich&quot; would definitely be useful in persuading those of us who are 80-90% of the way on board with a President Obama but aren&#039;t with the class warfare. I know I get up every day to go to work. How rich could I be?&lt;br&gt;&lt;br&gt;Why is no one challenging Sen. Obama on these fundamental economic issues given the pornographic expansion of government we&#039;ve experienced under Bush? Maybe it is time to do some serious reductions in spending. We can&#039;t afford more of the same. Literally.</description> <content:encoded><![CDATA[<p>Dr. Greenspan could not be more correct that the Bush Administration has been an economic disaster. If we are being objective though, how do we explain the ~$1 Trillion+ in new social spending that Sen. Obama is proposing without any reasonable explanation of how to pay for it? Soaking the &#8220;rich&#8221;, at the low level Sen. Obama defines as the &#8220;rich&#8221;, will increase unemployment and decrease employee wages- important, given how many people rely on small business owners for jobs today.</p><p>For example, I know that this little gizmo called Obama&#39;s Tax Cut says that Obama&#39;s tax plan will increase my taxes about $14K/year over McCain&#39;s. A tax increase like that is  likely to be offset directly out of the pockets a lot of small business owners&#39; employees. I don&#39;t know yet how I would adjust to it.</p><p>And how does he explain that ~40% of the 95% he purports to cut taxes on&#8230;don&#39;t actually pay taxes? Some (and I admit I haven&#39;t done the research on what %) already receive a tax subsidy in the form of Earned Income Credit, despite paying no taxes. Will these citizens receive a tax cut from President Obama too?</p><p>In my opinion, Sen. Obama would be wise to revise his income redistribution plan in the same way that he has modified his initial plan to raise the capital gains tax from 15% to 28%, a position he modified after a meeting with Warren Buffett and friends whom we can guess told him that doing so would trash the stock market between election day and inauguration day. A more reasonable definition of who is &#8220;rich&#8221; would definitely be useful in persuading those of us who are 80-90% of the way on board with a President Obama but aren&#39;t with the class warfare. I know I get up every day to go to work. How rich could I be?</p><p>Why is no one challenging Sen. Obama on these fundamental economic issues given the pornographic expansion of government we&#39;ve experienced under Bush? Maybe it is time to do some serious reductions in spending. We can&#39;t afford more of the same. Literally.</p> ]]></content:encoded> </item> <item><title>By: whiterosebuddy</title><link>http://www.jackandjillpolitics.com/2008/09/greenspan-america-cant-afford-mccains-tax-cuts/comment-page-1/#comment-55493</link> <dc:creator>whiterosebuddy</dc:creator> <pubDate>Tue, 16 Sep 2008 01:01:56 +0000</pubDate> <guid isPermaLink="false">http://www.jackandjillpolitics.com/?p=2865#comment-55493</guid> <description>O yeah! Greenspan is indeed a big part of the present problem. Point of fact, the subprime mortgage crisis is his legacy.&lt;br&gt;&lt;br&gt;&lt;br&gt;The subprime crisis has its origin in Greenspan’s low interest rate policy&lt;br&gt;&lt;br&gt;&lt;a href=&quot;http://www.voxeu.org/index.php?q=node/488&quot;&gt;http://www.voxeu.org/index.php?q=node/488&lt;/a&gt;</description> <content:encoded><![CDATA[<p>O yeah! Greenspan is indeed a big part of the present problem. Point of fact, the subprime mortgage crisis is his legacy.</p><p>The subprime crisis has its origin in Greenspan’s low interest rate policy</p><p><a href="http://www.voxeu.org/index.php?q=node/488">http://www.voxeu.org/index.php?q=node/488</a></p> ]]></content:encoded> </item> <item><title>By: whiterosebuddy</title><link>http://www.jackandjillpolitics.com/2008/09/greenspan-america-cant-afford-mccains-tax-cuts/comment-page-1/#comment-55636</link> <dc:creator>whiterosebuddy</dc:creator> <pubDate>Tue, 16 Sep 2008 01:01:56 +0000</pubDate> <guid isPermaLink="false">http://www.jackandjillpolitics.com/?p=2865#comment-55636</guid> <description>O yeah! Greenspan is indeed a big part of the present problem. Point of fact, the subprime mortgage crisis is his legacy.&lt;br&gt;&lt;br&gt;&lt;br&gt;The subprime crisis has its origin in Greenspanâ€™s low interest rate policy&lt;br&gt;&lt;br&gt;&lt;a href=&quot;http://www.voxeu.org/index.php?q=node/488&quot;&gt;http://www.voxeu.org/index.php?q=node/488&lt;/a&gt;</description> <content:encoded><![CDATA[<p>O yeah! Greenspan is indeed a big part of the present problem. Point of fact, the subprime mortgage crisis is his legacy.</p><p>The subprime crisis has its origin in Greenspanâ€™s low interest rate policy</p><p><a href="http://www.voxeu.org/index.php?q=node/488">http://www.voxeu.org/index.php?q=node/488</a></p> ]]></content:encoded> </item> <item><title>By: whiterosebuddy</title><link>http://www.jackandjillpolitics.com/2008/09/greenspan-america-cant-afford-mccains-tax-cuts/comment-page-1/#comment-55643</link> <dc:creator>whiterosebuddy</dc:creator> <pubDate>Tue, 16 Sep 2008 01:01:56 +0000</pubDate> <guid isPermaLink="false">http://www.jackandjillpolitics.com/?p=2865#comment-55643</guid> <description>O yeah! Greenspan is indeed a big part of the present problem. Point of fact, the subprime mortgage crisis is his legacy.&lt;br&gt;&lt;br&gt;&lt;br&gt;The subprime crisis has its origin in Greenspanâ€™s low interest rate policy&lt;br&gt;&lt;br&gt;&lt;a href=&quot;http://www.voxeu.org/index.php?q=node/488&quot;&gt;http://www.voxeu.org/index.php?q=node/488&lt;/a&gt;</description> <content:encoded><![CDATA[<p>O yeah! Greenspan is indeed a big part of the present problem. Point of fact, the subprime mortgage crisis is his legacy.</p><p>The subprime crisis has its origin in Greenspanâ€™s low interest rate policy</p><p><a href="http://www.voxeu.org/index.php?q=node/488">http://www.voxeu.org/index.php?q=node/488</a></p> ]]></content:encoded> </item> <item><title>By: whiterosebuddy</title><link>http://www.jackandjillpolitics.com/2008/09/greenspan-america-cant-afford-mccains-tax-cuts/comment-page-1/#comment-56088</link> <dc:creator>whiterosebuddy</dc:creator> <pubDate>Tue, 16 Sep 2008 01:01:56 +0000</pubDate> <guid isPermaLink="false">http://www.jackandjillpolitics.com/?p=2865#comment-56088</guid> <description>O yeah! Greenspan is indeed a big part of the present problem. Point of fact, the subprime mortgage crisis is his legacy.&lt;br&gt;&lt;br&gt;&lt;br&gt;The subprime crisis has its origin in Greenspanâ€™s low interest rate policy&lt;br&gt;&lt;br&gt;&lt;a href=&quot;http://www.voxeu.org/index.php?q=node/488&quot;&gt;http://www.voxeu.org/index.php?q=node/488&lt;/a&gt;</description> <content:encoded><![CDATA[<p>O yeah! Greenspan is indeed a big part of the present problem. Point of fact, the subprime mortgage crisis is his legacy.</p><p>The subprime crisis has its origin in Greenspanâ€™s low interest rate policy</p><p><a href="http://www.voxeu.org/index.php?q=node/488">http://www.voxeu.org/index.php?q=node/488</a></p> ]]></content:encoded> </item> <item><title>By: evita</title><link>http://www.jackandjillpolitics.com/2008/09/greenspan-america-cant-afford-mccains-tax-cuts/comment-page-1/#comment-55324</link> <dc:creator>evita</dc:creator> <pubDate>Mon, 15 Sep 2008 14:22:43 +0000</pubDate> <guid isPermaLink="false">http://www.jackandjillpolitics.com/?p=2865#comment-55324</guid> <description>I am not the most knowledgeable in this area is (yet another way I&#039;ve been a disengaged citizen,) but I saw an interview with Greenspan who said that his advice was ignored. He advised that we not borrow money from China etc and that we curb spending, but Bush did not accept his advice. &lt;br&gt;&lt;br&gt;All I got to say is that the War in Iraq has been a costly way to show the world how powerful we are not.</description> <content:encoded><![CDATA[<p>I am not the most knowledgeable in this area is (yet another way I&#39;ve been a disengaged citizen,) but I saw an interview with Greenspan who said that his advice was ignored. He advised that we not borrow money from China etc and that we curb spending, but Bush did not accept his advice.</p><p>All I got to say is that the War in Iraq has been a costly way to show the world how powerful we are not.</p> ]]></content:encoded> </item> <item><title>By: evita</title><link>http://www.jackandjillpolitics.com/2008/09/greenspan-america-cant-afford-mccains-tax-cuts/comment-page-1/#comment-55639</link> <dc:creator>evita</dc:creator> <pubDate>Mon, 15 Sep 2008 14:22:43 +0000</pubDate> <guid isPermaLink="false">http://www.jackandjillpolitics.com/?p=2865#comment-55639</guid> <description>I am not the most knowledgeable in this area either (yet another way I&#039;ve been a disengaged citizen,) but I saw an interview with Greenspan who said that his advice was ignored. He advised that we not borrow money from China etc and that we curb spending, but Bush did not accept his advice. &lt;br&gt;&lt;br&gt;All I got to say is that the War in Iraq has been a costly way to show the world how powerful we are not.</description> <content:encoded><![CDATA[<p>I am not the most knowledgeable in this area either (yet another way I&#39;ve been a disengaged citizen,) but I saw an interview with Greenspan who said that his advice was ignored. He advised that we not borrow money from China etc and that we curb spending, but Bush did not accept his advice.</p><p>All I got to say is that the War in Iraq has been a costly way to show the world how powerful we are not.</p> ]]></content:encoded> </item> <item><title>By: evita</title><link>http://www.jackandjillpolitics.com/2008/09/greenspan-america-cant-afford-mccains-tax-cuts/comment-page-1/#comment-55646</link> <dc:creator>evita</dc:creator> <pubDate>Mon, 15 Sep 2008 14:22:43 +0000</pubDate> <guid isPermaLink="false">http://www.jackandjillpolitics.com/?p=2865#comment-55646</guid> <description>I am not the most knowledgeable in this area either (yet another way I&#039;ve been a disengaged citizen,) but I saw an interview with Greenspan who said that his advice was ignored. He advised that we not borrow money from China etc and that we curb spending, but Bush did not accept his advice. &lt;br&gt;&lt;br&gt;All I got to say is that the War in Iraq has been a costly way to show the world how powerful we are not.</description> <content:encoded><![CDATA[<p>I am not the most knowledgeable in this area either (yet another way I&#39;ve been a disengaged citizen,) but I saw an interview with Greenspan who said that his advice was ignored. He advised that we not borrow money from China etc and that we curb spending, but Bush did not accept his advice.</p><p>All I got to say is that the War in Iraq has been a costly way to show the world how powerful we are not.</p> ]]></content:encoded> </item> <item><title>By: evita</title><link>http://www.jackandjillpolitics.com/2008/09/greenspan-america-cant-afford-mccains-tax-cuts/comment-page-1/#comment-56091</link> <dc:creator>evita</dc:creator> <pubDate>Mon, 15 Sep 2008 14:22:43 +0000</pubDate> <guid isPermaLink="false">http://www.jackandjillpolitics.com/?p=2865#comment-56091</guid> <description>I am not the most knowledgeable in this area either (yet another way I&#039;ve been a disengaged citizen,) but I saw an interview with Greenspan who said that his advice was ignored. He advised that we not borrow money from China etc and that we curb spending, but Bush did not accept his advice. &lt;br&gt;&lt;br&gt;All I got to say is that the War in Iraq has been a costly way to show the world how powerful we are not.</description> <content:encoded><![CDATA[<p>I am not the most knowledgeable in this area either (yet another way I&#39;ve been a disengaged citizen,) but I saw an interview with Greenspan who said that his advice was ignored. He advised that we not borrow money from China etc and that we curb spending, but Bush did not accept his advice.</p><p>All I got to say is that the War in Iraq has been a costly way to show the world how powerful we are not.</p> ]]></content:encoded> </item> <item><title>By: Town</title><link>http://www.jackandjillpolitics.com/2008/09/greenspan-america-cant-afford-mccains-tax-cuts/comment-page-1/#comment-55288</link> <dc:creator>Town</dc:creator> <pubDate>Mon, 15 Sep 2008 13:04:28 +0000</pubDate> <guid isPermaLink="false">http://www.jackandjillpolitics.com/?p=2865#comment-55288</guid> <description>I thought he was part of the problem.  He&#039;s like the kid who happily vandalizes the classroom while the teacher is out, and when she comes back he points the finger at the other kids and screams &quot;Ah, Y&#039;ALL in TRU- BULLLLLLLLLLLLLLLLL.&quot;</description> <content:encoded><![CDATA[<p>I thought he was part of the problem.  He&#39;s like the kid who happily vandalizes the classroom while the teacher is out, and when she comes back he points the finger at the other kids and screams &#8220;Ah, Y&#39;ALL in TRU- BULLLLLLLLLLLLLLLLL.&#8221;</p> ]]></content:encoded> </item> <item><title>By: Town</title><link>http://www.jackandjillpolitics.com/2008/09/greenspan-america-cant-afford-mccains-tax-cuts/comment-page-1/#comment-55641</link> <dc:creator>Town</dc:creator> <pubDate>Mon, 15 Sep 2008 13:04:28 +0000</pubDate> <guid isPermaLink="false">http://www.jackandjillpolitics.com/?p=2865#comment-55641</guid> <description>I thought he was part of the problem.  He&#039;s like the kid who happily vandalizes the classroom while the teacher is out, and when she comes back he points the finger at the other kids and screams &quot;Ah, Y&#039;ALL in TRU- BULLLLLLLLLLLLLLLLL.&quot;</description> <content:encoded><![CDATA[<p>I thought he was part of the problem.  He&#39;s like the kid who happily vandalizes the classroom while the teacher is out, and when she comes back he points the finger at the other kids and screams &#8220;Ah, Y&#39;ALL in TRU- BULLLLLLLLLLLLLLLLL.&#8221;</p> ]]></content:encoded> </item> <item><title>By: Town</title><link>http://www.jackandjillpolitics.com/2008/09/greenspan-america-cant-afford-mccains-tax-cuts/comment-page-1/#comment-55648</link> <dc:creator>Town</dc:creator> <pubDate>Mon, 15 Sep 2008 13:04:28 +0000</pubDate> <guid isPermaLink="false">http://www.jackandjillpolitics.com/?p=2865#comment-55648</guid> <description>I thought he was part of the problem.  He&#039;s like the kid who happily vandalizes the classroom while the teacher is out, and when she comes back he points the finger at the other kids and screams &quot;Ah, Y&#039;ALL in TRU- BULLLLLLLLLLLLLLLLL.&quot;</description> <content:encoded><![CDATA[<p>I thought he was part of the problem.  He&#39;s like the kid who happily vandalizes the classroom while the teacher is out, and when she comes back he points the finger at the other kids and screams &#8220;Ah, Y&#39;ALL in TRU- BULLLLLLLLLLLLLLLLL.&#8221;</p> ]]></content:encoded> </item> <item><title>By: Town</title><link>http://www.jackandjillpolitics.com/2008/09/greenspan-america-cant-afford-mccains-tax-cuts/comment-page-1/#comment-56093</link> <dc:creator>Town</dc:creator> <pubDate>Mon, 15 Sep 2008 13:04:28 +0000</pubDate> <guid isPermaLink="false">http://www.jackandjillpolitics.com/?p=2865#comment-56093</guid> <description>I thought he was part of the problem.  He&#039;s like the kid who happily vandalizes the classroom while the teacher is out, and when she comes back he points the finger at the other kids and screams &quot;Ah, Y&#039;ALL in TRU- BULLLLLLLLLLLLLLLLL.&quot;</description> <content:encoded><![CDATA[<p>I thought he was part of the problem.  He&#39;s like the kid who happily vandalizes the classroom while the teacher is out, and when she comes back he points the finger at the other kids and screams &#8220;Ah, Y&#39;ALL in TRU- BULLLLLLLLLLLLLLLLL.&#8221;</p> ]]></content:encoded> </item> <item><title>By: Anderkoo</title><link>http://www.jackandjillpolitics.com/2008/09/greenspan-america-cant-afford-mccains-tax-cuts/comment-page-1/#comment-55280</link> <dc:creator>Anderkoo</dc:creator> <pubDate>Mon, 15 Sep 2008 12:41:18 +0000</pubDate> <guid isPermaLink="false">http://www.jackandjillpolitics.com/?p=2865#comment-55280</guid> <description>Yes, he did. By letting the dot-com bubble grow, and then refusing to let investors suck up a hard landing after the burst, he basically punted the problem to the next guy. Oh yeah, he&#039;s part of the problem. It&#039;s like jumping into the back seat after throwing away the steering wheel and saying &quot;turn left! turn left!&quot;</description> <content:encoded><![CDATA[<p>Yes, he did. By letting the dot-com bubble grow, and then refusing to let investors suck up a hard landing after the burst, he basically punted the problem to the next guy. Oh yeah, he&#39;s part of the problem. It&#39;s like jumping into the back seat after throwing away the steering wheel and saying &#8220;turn left! turn left!&#8221;</p> ]]></content:encoded> </item> <item><title>By: Anderkoo</title><link>http://www.jackandjillpolitics.com/2008/09/greenspan-america-cant-afford-mccains-tax-cuts/comment-page-1/#comment-55640</link> <dc:creator>Anderkoo</dc:creator> <pubDate>Mon, 15 Sep 2008 12:41:18 +0000</pubDate> <guid isPermaLink="false">http://www.jackandjillpolitics.com/?p=2865#comment-55640</guid> <description>Yes, he did. By letting the dot-com bubble grow, and then refusing to let investors suck up a hard landing after the burst, he basically punted the problem to the next guy. Oh yeah, he&#039;s part of the problem. It&#039;s like jumping into the back seat after throwing away the steering wheel and saying &quot;turn left! turn left!&quot;</description> <content:encoded><![CDATA[<p>Yes, he did. By letting the dot-com bubble grow, and then refusing to let investors suck up a hard landing after the burst, he basically punted the problem to the next guy. Oh yeah, he&#39;s part of the problem. It&#39;s like jumping into the back seat after throwing away the steering wheel and saying &#8220;turn left! turn left!&#8221;</p> ]]></content:encoded> </item> </channel> </rss>
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