-1 vote

Interesting article on capital vs. talent vs. labor


I thought it was an interesting piece. Doesn't answer every issue, but identifies a lot of them.

-1 vote

"Real" delegate count

I was wondering what the real delegate count is...I suspect it favors Romney slightly with RP right behind him....

3 votes

Letter from a slave to his former Master (1865)


"Dayton, Ohio,

August 7, 1865

To My Old Master, Colonel P.H. Anderson, Big Spring, Tennessee

-1 vote

This is how your fix Congress!


The following is a bit simplistic, but in the spirit of the banking rebellion and the notion that protest is generally better than apathy, I'm passing this on:

THIS IS HOW YOU FIX CONGRESS!!!!! If you agree with the above, pass it on. If not, just delete. You are one of my 20. Please keep it going.

Warren Buffett, in a recent interview with CNBC, offers one of the best quotes about the debt ceiling:

0 votes

How 9-9-9 actually increases taxes

9-9-9 is a trick.

Currently, individuals pay federal taxes equivalent to 7.2% of GDP, including income taxes + ad-valorum taxes (which are not just on individuals). In terms of houshold income, they pay about 13%.

If you take a 9% flat tax on income, plus a 9% flat tax on sales (let us assume all income is spent), there is 18%. Let us also assume that dividend revenue, as well as all capital gains, are taxed at 9%. Cain mentioned he would abolish the capital gains tax, but would it also be exempt from the income tax's 9% catch-all? After all, it is income!

1 vote

Debt compromise: Return to 1999 budget with only inflationary increases

Today, that would be:

1.4 trillion in PIT
827 billion in SSI
390 billion in CIT
~200 billion in other taxes
Total of about 2.8 trillion in revenue

Total of 2.5 trillion in spending.
Defense spending at 450
300 billion in other discretionary spending
350 billion in interest payments on the debt
230 billion in welfare spending
680 billion in SSI spending
400 billion in Medicare
100 billion in Medicaid

-1 vote

Coburn produces 9 trillion in budget cuts (over a ~decade)

8% reduction in Navy aircraft and fleet size.
500 billion in cuts to veterans benefits
1 trillion in tax increases, almost all to the middle class.
2.6 trillion cuts in Medicare
~4.4 trillion cuts in Social Security

Decent cuts to farm subsidies. No cuts to energy
Cuts student loans and housing loans
Cuts CDPs.

5 votes

Come Together Against Corporatism

Very nice fiery rant, about how liberals, libertarians, and conservatives need to come together to defeat corporatism or nobody wins.