Are you better off than 4 years ago?
There are many opinions on the new health care law and the direction of the country; however, there is only one question that needs an answer: Are you better off than you were four years ago? My answer is a resounding no.
As a retiree who tried to be responsible all my life, I have found my retirement interest income to be at an all-time low of 1 percent.
The Federal Reserve is purposely holding rates down to help homebuyers. But, for every action there is a reaction. The feds are crushing retirees who can't afford risky investments in the market and are therefore suffering the consequences.
Obama and the Democrats are at war, not just overseas but here at home. They are pitting the 99 percent against the 1 percent, the middle class against
And, still after four years according to Obama, everything bad is still Bush's fault and everything good is due to the benevolence of Obama and the Democrats.
These are all distractions from the real issues of an unemployment rate of over 12 percent, poor economic growth, uncontrollable deficits and debt, social programs and no answer to the problems except blame Bush and wage class warfare.
There is only question that needs to be answered at the November polls: Are you better off than you were four years ago?
We can't tax our way out of this
The national debt is
In 2008, the top 1 percent with an income split point
The adjusted gross income of the top 1 percent earners in 2009 was
The "Buffet Rule" will contribute
If the federal tax rate on the top 1 percent of earners were 100 percent, this would pay for one year of deficit spending of the federal government. If the federal tax rate on the top 10 percent of earners were 50 percent it would take 9.2 years to pay off the national debt, assuming no new debt.
That is you if your family income is
For those who think it's OK to tax millionaires in the spirit of "fairness," the passage of the Buffet Rule would contribute
We are in the midst of a debt crisis and it cannot be resolved by simply raising taxes. We must make hard choices with respect to the out-of-control spending of the federal government. Huge spending cuts and economic growth leading to increased tax receipts are the only way out of it.
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