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UBS bank vowed Thursday to stop offering offshore banking services in the U.S. after legislators accused it and other banks of helping wealthy Americans hide about US$1.5 trillion in overseas tax havens
A Good Example of Why People Need to Investigate Before Believing
The Golden Years
"There's nothing very profound about this election," a Pennsylvania political scientist, G. Terry Madonna, said more than a week ago. "There's a massive pro-change vote."
"I'm worried my kids will never have it as good as I do."
Then Mr. Bush spent much of the last six months arguing that things were not as bad as they seemed, which wasted what little credibility he had left.
Originally said by Bill Clinton
It is because America has not invested in its people. It is because we have not grown. It is because we've had 12 years of trickle down economics. We've gone from 1st to 12th in the world in wages. We've had four years where we've produced no private sector jobs. Most people are working harder for less money than they were making 10 years ago. It is because we are in the grip of a failed economic theory.
Clinton is headed for a red-ink record. The plan adds $916 billion to the national debt over the next four years. That's $183 billion more than Reagan's cumulative first-term deficit and $238 billion
more than his second term deficit. Reagan is the fellow who cut our tax rates by 25 per cent and built up our defenses. Clinton is the two-headed monster that is raising our taxes, cutting our defenses, and still adding the equivalent of five and a half years of Reagan deficits to the economy in only four years.
Clinton's policies are atavistic, a throwback to a socialist past that the rest of the world has repudiated. Clintonomics is already making the U.S. a reactionary force in the world economy by casting doubt on our trade relations with Europe, Japan, and Mexico. Socialists like nothing better than restricted opportunities. The fewer the entrepreneurs and the slower the economic growth, the greater the demand for redistribution. Under President Clinton, America seems destined to relive the lessons of the twentieth century.
Jimmy Carter, 1977-1980: 10.5 million new jobs
Bill Clinton, 1993-1996: 11.6 million new jobs
Bill Clinton, 1997-2000: 12.4 million new jobs
Total: 33.6 million jobs created over 12 years, or 2.8 million jobs per year
Ronald Reagan 1981-1984: 5.2 million new jobs
Ronald Reagan 1985-1988: 10.8 million new jobs
George H.W. Bush 1989-1992: 2.6 million new jobs
George W. Bush 2001-2004: 0.2 million fewer jobs
George W. Bush 2005-2007: 5.5 million new jobs
Total: 24 million jobs created over 19 years, or 1.3 million jobs per year
How much did the government spend for every dollar of revenue?
Jimmy Carter, 1977-1980: $ 1.16
Bill Clinton, 1993-1996: $1.25
Bill Clinton, 1997-2000: $1.01
Democratic Average: $1.16
Ronald Reagan 1981-1984: $1.31
Ronald Reagan 1985-1988: $1.38
George H.W. Bush 1989-1992: $1.34
George W. Bush 2001-2004: $1.27
George W. Bush 2005-2007: $1.24
Republican Average: $1.29
Increases in Government Debt
Growth In Debt Held By the Public [$US trillions]
Jimmy Carter, 1977-1980: 0.2
Bill Clinton, 1993-1996: 0.7
Bill Clinton, 1997-2000: -0.3
Democratic Total: 0.6
Ronald Reagan 1981-1984: 0.6
Ronald Reagan 1985-1988: 0.7
George H.W. Bush 1989-1992: 0.9
George W. Bush 2001-2004: 0.9
George W. Bush 2005-2007: 1.1
Republican Total: 4.3
Growth of Debt Held By "Government Accounts" [$US trillions]
Jimmy Carter, 1977-1980: 0.00
Bill Clinton, 1993-1996: 0.4
Bill Clinton, 1997-2000: 0.8
Democratic Total: 1.3
Ronald Reagan 1981-1984: 0.1
Ronald Reagan 1985-1988: 0.3
George H.W. Bush 1989-1992: 0.5
George W. Bush 2001-2004: 0.8
George W. Bush 2005-2007: 1.4
Republican Total: 3.0
All People Below Poverty Level
Originally posted by intrepid
It's only in context if the OP and/or everyone else here makes over $250,000/yr. That's the demographic that Biden is addressing.
Originally posted by yeahright
By the way, Senator Biden, anyone can pay additional amounts in taxes voluntarily, should they so choose. And considering all the perks and bennies you senators get (like that sweet healthcare and pension deal), I think you should step up and lead by example. Just how patriotic are you, sir?
Originally posted by mental modulator
reply to post by RRconservative
SO RR- do you make more than $250,000.00?
If not, stop complaining, you will get more money back with Obama.
I can't believe you guys still want to throw more of your tax money at big business. This week has made it clear that big business could give a #@$@ about AMERICA'S
You have an opportunity to pay less taxes and you guys are complaining???
Catholic social doctrine as I was taught it is, you take care of people who need the help the most