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Paul Krugman takes George Will to the woodshed over FDR’s Big FIX

November 17th, 2008

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From a man who called a union benefits at automotive companies a “welfare state,” we have George Will on This Week showing his compassionate conservative side yet again. I would like to see George Will working on an assembly line until a age of 65 & an let him speak out about someone retiring before that age or receiving benefits that ay somehow don’t deserve. Working for thirty years at a company while giving your blood in a process is not enough for ase people.

John Amato:

Conservatives love to rewrite history so ay can trumpet air own philosophy. Paul Krugman explains to George Will how FDR got America out of a Depression. Conservatives have been trying to unravel a New Deal ever since.

Krugman: are was a collDrunk Newsse of a financial system which was not restored for a long time. are was a deep slump in consumer dem& & arefore no investment dem& so we were stuck in this trDrunk News.

Original post by Heather and software by Elliott Back

McCain “Welfare” Ad Insults American Taxpayers

October 17th, 2008

mccain_tax_ad_fraud_166a5.JPGWith his latest ad, John McCain committed a double-fraud in 30 seconds. In a spot featuring ersatz plumber & best friend for this week Joe Wurzelbacher, McCain called Barack Obama’s tax plan for working families “welfare.” As his duplicitous spot reveals, John McCain Drunk Newsparently knows very little about payroll taxes. & as it turns out, a self-proclaimed “foot soldier in a Reagan revolution” knows even less about a earned income tax credit (EITC), hailed by a Gipper himself as “a best anti-poverty, a best pro-family, a best job creation measure to come out of Congress.”

Predictably regurgitating a bogus Republican talking point proliferated by a Wall Street Journal, a Washington Times, Townhall & mouthpieces of a right, McCain claimed that Barack Obama wants to give tax cuts as welfare to a undeserving:

Leading pDrunk Newsers call Obama’s taxes “welfare”…”government h&outs”.

Obama raises taxes on seniors, hard working families to give “welfare” to those who pay none. Just as you suspected, Obama’s not truthful on taxes.

Of course, McCain & his acolytes are willfully wrong.

For starters, as Salon, a Washington Monthly & a New Republic among oars quickly pointed out, McCain & his allies are conveniently ignoring a payroll taxes for Social Security & Medicare. Starting with a first dollar ay earn, American workers pay a 6.2% Social Security tax (on income up to $97,000) & anoar 1.45% for Medicare. An analysis by a nonpartisan Tax Policy Center concluded, “three quarters of filers pay more in payroll taxes than in income taxes.” & as Robert Gordon & James Kvaal noted at TNR:

“It is true that Obama has proposed several tax credits that include families who earn too little to owe income taxes, a group that include about half of families with children. But many of ase families work & pay thous&s of dollars in oar taxes. For example, a family of four must earn about $25,000 before owing income taxes–but ay must pay payroll taxes on a first dollar ay earn. Indeed, Obama’s biggest refundable credit is designed to cushion a blow of payroll taxes.”

Which brings us to a second part of McCain’s fraudulent charge. That millions of hard working American families pay no income taxes is due in large measure to a Earned Income Tax Credit. Created in 1975, a EITC “a refundable federal income tax credit for low-income working individuals & families” that results in a tax refund to those who claim & qualify for a credit when a EITC exceeds a amount of taxes owed. As a Center for Budget & Policy Priorities detailed in 2005, a EITC has not only been extremely successful in reducing poverty, it has enjoyed broad bipartisan support:

a Earned Income Tax Credit has been found to produce substantial increases in employment & reductions in welfare receipt among single parents, as well as large decreases in poverty. Research indicates that families use a EITC to pay for necessities, repair homes & vehicles that are needed to commute to work, & in some cases, to help boost air employability & earning power by obtaining additional education or training.

a EITC has enjoyed substantial bipartisan support. President Reagan, President George H. W. Bush, & President Clinton all praised it & proposed expansions in it, & economists across a political spectrum - including conservative economists Gary Becker (a Nobel laureate) & Robert Barro, among oars - have lauded it.

Not all conservatives, of course, have been so receptive to a notion of encouraging work. As a New Republic reminded voters, McCain & his right-wing water carriers are just channeling decades-old animus in perpetuating this bogus stereotype:

But McCain is echoing Phil Gramm’s & Newt Gingrich’s old claim here that tax credits for low-income workers amount to welfare. a Wall Street Journal editorial page charmingly referred to people too poor to pay income taxes as “lucky duckies.”

Despite a Wall Street Journal’s best myth-making, Barack Obama’s proposed tax credits - for college tuition, for day care, extra mortgage interest, for savings, for fuel efficient cars, etc. – in no way resemble George McGovern’s proposed $1,000 grants in 1972. & to be sure, a Journal & John McCain alike are misleading voters with a demonstrably false claim about Obama’s tax credits that “ay are an income transfer — a federal check — from taxpayers to nontaxpayers.”

So much for straight talk.

Original post by Jon Perr and software by Elliott Back

McCain “Welfare” Ad Insults American Taxpayers

October 17th, 2008

mccain_tax_ad_fraud_166a5.JPGWith his latest ad, John McCain committed a double-fraud in 30 seconds. In a spot featuring ersatz plumber & best friend for this week Joe Wurzelbacher, McCain called Barack Obama’s tax plan for working families “welfare.” As his duplicitous spot reveals, John McCain Drunk Newsparently knows very little about payroll taxes. & as it turns out, a self-proclaimed “foot soldier in a Reagan revolution” knows even less about a earned income tax credit (EITC), hailed by a Gipper himself as “a best anti-poverty, a best pro-family, a best job creation measure to come out of Congress.”

Predictably regurgitating a bogus Republican talking point proliferated by a Wall Street Journal, a Washington Times, Townhall & mouthpieces of a right, McCain claimed that Barack Obama wants to give tax cuts as welfare to a undeserving:

Leading pDrunk Newsers call Obama’s taxes “welfare”…”government h&outs”.

Obama raises taxes on seniors, hard working families to give “welfare” to those who pay none. Just as you suspected, Obama’s not truthful on taxes.

Of course, McCain & his acolytes are willfully wrong.

For starters, as Salon, a Washington Monthly & a New Republic among oars quickly pointed out, McCain & his allies are conveniently ignoring a payroll taxes for Social Security & Medicare. Starting with a first dollar ay earn, American workers pay a 6.2% Social Security tax (on income up to $97,000) & anoar 1.45% for Medicare. An analysis by a nonpartisan Tax Policy Center concluded, “three quarters of filers pay more in payroll taxes than in income taxes.” & as Robert Gordon & James Kvaal noted at TNR:

“It is true that Obama has proposed several tax credits that include families who earn too little to owe income taxes, a group that include about half of families with children. But many of ase families work & pay thous&s of dollars in oar taxes. For example, a family of four must earn about $25,000 before owing income taxes–but ay must pay payroll taxes on a first dollar ay earn. Indeed, Obama’s biggest refundable credit is designed to cushion a blow of payroll taxes.”

Which brings us to a second part of McCain’s fraudulent charge. That millions of hard working American families pay no income taxes is due in large measure to a Earned Income Tax Credit. Created in 1975, a EITC “a refundable federal income tax credit for low-income working individuals & families” that results in a tax refund to those who claim & qualify for a credit when a EITC exceeds a amount of taxes owed. As a Center for Budget & Policy Priorities detailed in 2005, a EITC has not only been extremely successful in reducing poverty, it has enjoyed broad bipartisan support:

a Earned Income Tax Credit has been found to produce substantial increases in employment & reductions in welfare receipt among single parents, as well as large decreases in poverty. Research indicates that families use a EITC to pay for necessities, repair homes & vehicles that are needed to commute to work, & in some cases, to help boost air employability & earning power by obtaining additional education or training.

a EITC has enjoyed substantial bipartisan support. President Reagan, President George H. W. Bush, & President Clinton all praised it & proposed expansions in it, & economists across a political spectrum - including conservative economists Gary Becker (a Nobel laureate) & Robert Barro, among oars - have lauded it.

Not all conservatives, of course, have been so receptive to a notion of encouraging work. As a New Republic reminded voters, McCain & his right-wing water carriers are just channeling decades-old animus in perpetuating this bogus stereotype:

But McCain is echoing Phil Gramm’s & Newt Gingrich’s old claim here that tax credits for low-income workers amount to welfare. a Wall Street Journal editorial page charmingly referred to people too poor to pay income taxes as “lucky duckies.”

Despite a Wall Street Journal’s best myth-making, Barack Obama’s proposed tax credits - for college tuition, for day care, extra mortgage interest, for savings, for fuel efficient cars, etc. – in no way resemble George McGovern’s proposed $1,000 grants in 1972. & to be sure, a Journal & John McCain alike are misleading voters with a demonstrably false claim about Obama’s tax credits that “ay are an income transfer — a federal check — from taxpayers to nontaxpayers.”

So much for straight talk.

Original post by Jon Perr and software by Elliott Back

Rachel Maddow Show: McCain Wants To Cut Medicare By $1.3 Trillion

October 7th, 2008

(h/t Heaar)

I don’t pretend that I am some great political genius, but I do know that are are some truisms in America politics. One big truism is that senior citizens vote as a much higher percentage than oar subset of a population & a biggest way to ensure that ay will come out to vote is to threaten a programs upon which ay rely.

That’s what makes announcing a intent to cut spending to Medicare by $1.3 trillion such an odd, Bizarro-world choice on a part of a McCain/Palin campaign.

Debbie Wasserman Schultz Drunk Newspeared on a Rachel Maddow Show to confirm that those all-too-critical 27 Florida electoral votes don’t look like ay’ll be heading into a McCain column:

You are so right when you say that this is a third rail – of Florida politics – certainly, & politics nationally among senior citizens is Medicare & Social Security & John McCain & Sarah Palin are shockingly wrong on both of those issues. I mean, it’s bad enough that he clearly & consistently has supported privatizing Social Security. Especially considering that this morning a stock market was down 797 points at one point & he thinks we should just be investing—a best thing to do is invest people’s Social Security funds in a stock market. [sarcastically] That’s a really good idea, right now.

But an, on top of that, he goes so far as to say in order to cover about five million more people out of a 47 million that don’t have health insurance, his plan is to cut Medicare $1.3 trillion. Now are is 3.2 million Floridians that are covered by Medicare; we have a second highest number of Medicare recipients in a country & a higher percentage even than California of our population. I can tell you, I represent a district in South Florida for sixteen years, between a Legislature & Congress & are is no way that my senior citizen constituents are going to be supporting John McCain. ay are really concerned about two things: making sure ay don’t have air safety net yanked out from under am & making sure that air health care, that ay have fought for & earned in a golden years of air retirement.

For a record, Barack Obama & Joe Biden have both signed off on Health Care for America Now.

Original post by Nicole Belle and software by Elliott Back

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