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7/28/10

Mr. Kollak you were correct about one thing and that was how much a Republican votes for anything! I love swiftboating! It just proves that Republicans in congress are not out for the best interest of this country, they are out for the best interest of big business. I do not think more than 3 has voted for ANYTHING!

John Smith, Orchardville



7/28/10

Mr. Land,

Apparently, in the process of getting the table I shared transferred, the columns got misaligned making the table pretty difficult to see clearly.

But if one adds up all of the increases to the National debt by political party going all the way back to FDR/Truman you get:

All Democrats Combined: 1773B (1.773Trillion) 15.49%
All Republicans Combined: 9672B (9.672Trillion) 84.50%
Both Parties Combined 11445B (11.445Trillion)

In case this one gets misaligned, what it shows is that of all debt growth since 1945, 84.50% was under Republican Administrations and 15.49% was under Democratic Administrations.

I just thought that was interesting to note, given that Republicans frequently describe themselves as fiscally conservative and more disciplined controlling spending.
The numbers indicate otherwise.

Bruce A. McKibben
W. Main St.
Fairfield, IL



7/27/10

(IF), the (so-called) Bush tax-cuts are allowed to expire, as most leading economists suggest they should in order to start dealing with deficits, they will not be new taxes imposed by Obama but rather a return to the previous rates that we had many years ago under Clinton when the economy was much better and instead of a 1.3 TRILLION DEFICIT like the one BUSH left for Obama, there was a $237 Billion SURPLUS Clinton left for Bush.

I say (so-called) tax cuts because they weren’t really ever tax cuts but only the ILLUSION of cuts. Since they were NOT PAID FOR they were actually a cash advance withdrawal on the National credit card, and like all cash advances on a credit card they have to be repaid in full with interest. In reality that is actually a hidden tax increase (via interest) kicked down the road, in this case until January 1, 2011 for another President to deal with.

If you examine the National Debt from the end of World War 2 to the end of the G.W. Bush Administration you will see the following:

It should be noted that negative percentages reflect debt growth reductions and positive reflect increases.

The Increase debt/GDP in percentage points:

TERM Administration Party % Total Debt start Debt end Increase
1945-1949 FDR/Truman D -24.4% 258B 253B - 5B
1949-1953 Truman D -21.7% 253B 266B + 13B
1953-1957 Eisenhower R -11.0% 266B 270B + 4B
1957-1961 Eisenhower R -5.2% 270B 289B + 19B
1961-1965 Kennedy/Johnson D -8.3% 289B 317B + 28B
1965-1969 Johnson D -8.3% 317B 354B + 37B
1969-1973 Nixon R -3.0% 354B 458B + 104B
1973-1977 Nixon R +0.2% 458B 699B + 241B
1977-1981 Carter D -3.3% 699B 998B + 299B
1981-1985 Reagan R +11.3% 998B 1823B + 825B
1985-1989 Reagan D +9.3% 1823B 2857B + 1034B
1989-1993 G.H.W. Bush R +15% 2857B 4411B + 1554B
1993-1998 Clinton D -0.7% 4411B 5526B + 1115B
1998-2001 Clinton D -9.0% 5526B 5807B + 281B
2001-2005 G.W. Bush R +7.1% 5807B 7933B + 2126B
2005-2009 G.W. Bush R +20% 7933B 11825B + 3892B

The increase in the National debt from the beginning to the end of G.W. Bush’s Administration (8yrs.) totaled 6018B (6.018Trillion). The increase in the National debt from all Administrations from FDR through Clinton (56yrs) totaled 5559B (5.559Trillion). The increase in the National debt during G.W. Bush’s 8yrs. was 459B more than the total increases of ALL Administrations back to FDR 56yrs.
It is clear that the largest INCREASES in debt growth occurred under Republican Administrations who since 1981 did so the same way each time, by cutting taxes and increasing spending.

It is also clear from the -/+ (percentages) that the DECREASES in debt growth occurred during Democratic Administrations with the only exceptions being Nixon’s first term (3.0%) and both of Eisenhower’s terms (11%) and (5.2%) respectively. Since Nixon 1973, no Republican Administration has reduced growth of debt whereas every Democratic Administration has since 1945.

Bruce A. McKibben
W. Main St.
Fairfield, IL


Note to self (Manager):  Having been totally relaxed from vacation, we inadvertently allowed Mr. Kollak's comments to exceed 300 words.  Fair is fair and Mr. McKibben's comments exceed our allowance.  I am now unrelaxed and will adhere to the 300 word rule.  ;)      Thanks guys.



7/27/10


This is typical big buisness holding the American people hostage! They still crank out the same expensive crap that breaks a day after the warranty but they do not want anyone to have a job to pay for the cheap junk!

http://finance.yahoo.com/news/Industries-Find-Surging-nytimes-3446245046.html?x=0&sec=topStories&pos=6&asset=&ccode=


John Smith, Orchardville



7/26/10

Fear and loathing, Gene, are common ingredients in your soup du jour.

While I commend you on your eloquent reminder of the Bush-era tax cuts that are set to expire, let me remind you that with the exception of the tax cuts for high-income earners (families making above $250K/year or approximately 2% of the population) the administration as given no indication that they intend on allowing these to expire. Not that any of this will deter Republicans from using your talking points below as their battle cry this November. :)

I would be interested to know how a Tea Party activist such as yourself is able to reconcile deficit-increasing measures such as tax breaks and your aversion to national debt.

Please limit your response to 300 words or less.

Nathan Brendal
New York, NY


7/26/10

 
So nice to see the 61 banks bailed out by our tax dollars are doing so well.  When your listeners go to the polls in November, they might want to ALSO consider the following:
 
January will bring the biggest attacks on your family budget in your lifetime and they are coming through Obama’s taxes, the largest tax increase in American history. These taxes will crash down on your family and small businesses on New Year’s Day January 1, 2011.

· Top personal income tax rates will go up from 35% to 39.6%

·The lowest rate will go up to 15% from 10% and all the steps in between will rise as well: the 25% bracket will rise to 28%, 28% to go to 31%; 33% goes to 35% and 35% to 39.6%.

·There WILL be a marriage penalty.

·The STANDARD DEDUCTION for married couples will no longer be double the deduction for a single person.

·THE CHILD TAX CREDIT will be cut in half from $1000 to $500 per child.

·Dependent care and adoption tax credits are going to be cut.

The DEATH TAX which was ended by the Republicans is back. If you die on January 1, 2011 or after the top rate of taxation will be 55% on estates over a million dollars.

The CAPITAL GAINS TAX will rise from 15% to 20%. Sell your house and a few shares of stock and see how hard you get hit. The rate on dividends will rise from 15% to 39.6%! In 2013 that rate will rise another 3.8%!

Many of the taxes that WILL happen because of the passage of OBAMACARE, WILL hit us on January 1, 2011.

HEALTH CARE SAVINGS PLANS are out, over! Health reimbursements to purchase over the counter medicines are out.

IF YOU HAVE A “SPECIAL NEEDS CHILD” you are in for a big hit.

The Democrats cruelty toward special needs children is manifest in their imposed cap of $2,500 per child on Flexible Spending Accounts (FSAs).

The tax penalty for Health Savings Account early withdrawals will increase from 10% to 20%.

FAMILIES WHO NEVER WERE HIT WITH THE ALTERNATIVE MINIMUM TAX (AMT) will be hit on January 1, 2011. TWENTY FOUR MILLION more families will have to pay the AMT.

Small business expense deductions WILL be slashed. Depreciation of purchased equipment will drop by 90% from $250,000 to $25,000 IMMEDIATELY!

DEDUCTIONS FOR TUITION ARE OVER and TAX CREDITS for education are now limited.

THERE WILL BE NO MORE TAX ADVANTAGES FOR CHARITABLE CONTRIBUTIONS FROM IRAs. Currently retirees can contribute up to $100,000 a year directly to charities and receive a tax benefit. THAT’S OVER NOW!

So...you thought when Obama said on the campaign trail that there would  be "no new taxes on Americans earning less than $250,000, he was being honest with you...think again.

These taxes were shoved down our throats by the Democrats. Not a single Republican voted for any of them. Remember that on November 2

Gene Kollak

Fairfield, Illinois








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