



http://www.huffingtonpost.com/2010/12/02/john-boehner-chicken-crap_n_791155.html
RICH DOES NOT SPEND MONEY! THIS IS THE MAJOR PROBLEM WHICH WE ARE FACING NOW.
We have a few very rich who does not spend money. They took the money from mass, but they do not spend money -- THAT IS THE PROBLEM!
GREEDY PIGS who defrauded Americans and America -- now still want to continue greedy corruption in bright day light
Washington (CNN) -- Two Senate procedural votes on Democratic measures to extend George W. Bush-era tax cuts for people who are not super wealthy failed on Saturday, preventing the measures from moving forward.
The votes sought to extend the Bush tax cuts for families making under $250,000 and $1 million, respectively.
Both votes garnered the support of 53 senators, but the Democrats needed 60 votes to end debate.
Despite the realization that neither would get the 60 votes to succeed, many Democrats said before the vote they wanted to get on-the-record in support of extending the lower rates to lower earners. They also want to contrast their ideas with Republican proposals to extend tax cuts for everyone, even those who are very wealthy.
"I think we want to lay it out there," Sen. Tom Harkin, D-Iowa, said on Friday. "Who's for which approach on this? That's why we're doing it."
"There are no signs that millionaires are suffering in this economy. It's everybody below that," said Sen. Dianne Feinstein, D-California. "You have to stand up for what you believe and you have to vote on what you believe."
Both votes were on Democratic amendments and included extensions of other expiring tax programs as well as the extension of benefits for the long-time unemployed.
A Republican leadership aide dismissed the Democratic effort as "political show-votes."
Lower tax literally bankrupted USA and Americans.
Lower tax does not help when politicians and banks literally defrauding
Americans and America.
Tea Party favorite Sarah Palin on Monday weighed in on the global debate over the Federal Reserve's $600 billion plan to buy up government debt, suggesting Fed Chairman Ben Bernanke should "cease and desist."
"We shouldn't be playing around with inflation," Palin, who is widely seen as a prospective 2012 Republican presidential candidate, said in remarks prepared for a Monday speech in Phoenix.
"We don't want temporary, artificial economic growth bought at the expense of permanently higher inflation, which will erode the value of our incomes and our savings. We want a stable dollar combined with real economic reform. It's the only way we can get our economy back on the right track."
Excerpts of the remarks were published online by the conservative National Review magazine. Palin's staff was not immediately available for comment.
The report said the remarks would be delivered in a keynote address at a trade association convention.
Palin, the former Alaska governor and 2008 Republican vice presidential nominee, is a top Republican Party figure and leader of the Tea Party movement, which helped Republicans recapture control of the U.S. House of Representatives last week.
Fed Audits, Abolition?
The loosely organized political network includes conservatives and libertarians, some of whom would like to abolish the Federal Reserve system, which operates independent of the federal government.
Voter outrage over Fed bailouts and other actions helped propel many Republican candidates on Election Day, including Kentucky Senator-elect Rand Paul, who has favored abolition of the agency.
His father, House Republican Ron Paul, another Tea Party favorite who has run for president twice, intends to push to audit Fed monetary policy decisions next year if - as expected - he wins control of a congressional subcommittee that oversees the central banks.
Representative Paul Ryan, expected to become chairman of the House Budget Committee when Republicans take control of the chamber in January, said on Sunday the advantages of the central bank's move to inject more money into the U.S. economy "are very low."
"I think it's going to give us a big inflation problem down the road," Ryan said.
President Barack Obama and other U.S. officials defend the Fed's decision to buy $600 billion in U.S. Treasury debt as a means to stimulate the economy and maintain global stability.
Palin's remarks add her to to a growing list of critics, including officials from China, Germany and Brazil, who are concerned that the Fed plan could bring instability instead.
"If it doesn't work, what do we do then? Print even more money? What's the end game here?," she asked. "All this pump priming will come at a serious price."
She appeared to align herself with recent criticism from German Finance Minister Wolfgang Schaeuble.
"The German finance minister called the Fed's proposals 'clueless.' When Germany, a country that knows a thing or two about the dangers of inflation, warns us to think again, maybe it's time for Chairman Bernanke to cease and desist," Palin said.
Palin has not said whether she will make a White House bid in 2012. But she has been using public appearances to build up her political and policy credentials for the job.
The bottomline is that:
1) Americans are defrauded,
2) Politicians are puppets,
3) Don't trust what politicians or media is saying,
4) Always check on other side of any stories being hyped
5) Millions of Americans' unemployment payment being expired as of 11/30/2010,
6) Most of Republicans-Democrats are defrauding Americans,
7) Republicans are fighting over Bush tax-cut -- working for rich 3% to get tax-cut,
8) USA is going bankrupt while politicians and the Fed Reserve is spinning stories, etc -- Americans and all must see realities.
* Bankrupted most of major nations, western Christian nations, around the globe while Fed Reserve having multi-trillions.
* 0.1% owns 99% American wealth
• 83 percent of all U.S. stocks are in the hands of 1 percent of the people.
• 61 percent of Americans "always or usually" live paycheck to paycheck, which was up from 49 percent in 2008 and 43 percent in 2007.
• 66 percent of the income growth between 2001 and 2007 went to the top 1% of all Americans.
• 36 percent of Americans say that they don't contribute anything to retirement savings.
• A staggering 43 percent of Americans have less than $10,000 saved up for retirement.
• 24 percent of American workers say that they have postponed their planned retirement age in the past year.
• Over 1.4 million Americans filed for personal bankruptcy in 2009, which represented a 32 percent increase over 2008.
• Only the top 5 percent of U.S. households have earned enough additional income to match the rise in housing costs since 1975.
• For the first time in U.S. history, banks own a greater share of residential housing net worth in the United States than all individual Americans put together.
• In 1950, the ratio of the average executive's paycheck to the average worker's paycheck was about 30 to 1. Since the year 2000, that ratio has exploded to between 300 to 500 to one.
• As of 2007, the bottom 80 percent of American households held about 7% of the liquid financial assets.
• The bottom 50 percent of income earners in the United States now collectively own less than 1 percent of the nation’s wealth.
• Average Wall Street bonuses for 2009 were up 17 percent when compared with 2008.
• The top 1 percent of U.S. households own nearly twice as much of America's corporate wealth as they did just 15 years ago.
• In America today, the average time needed to find a job has risen to a record 35.2 weeks.
• More than 40 percent of Americans who actually are employed are now working in service jobs, which are often very low paying.
• or the first time in U.S. history, more than 40 million Americans are on food stamps, and the U.S. Department of Agriculture projects that number will go up to 43 million Americans in 2011.
• Approximately 21 percent of all children in the United States are living below the poverty line in 2010 - the highest rate in 20 years.
Rep. Issa Opposes Compromise on Bush Tax CutsRep. Darrell Issa, a California Republican, says he'll oppose any compromise that fails to make permanent Bush-era tax cuts for the most wealthy Americans.
Issa, in line to head the House Oversight and Government Reform Committee, said Monday on ABC's "Good Morning America" that "tax certainty" is probably more important for investors than for other Americans, to give them incentives to make investments that create jobs.
President Barack Obama says the Bush tax cuts, which are to expire in January, should be made permanent for middle-class Americans. But he says it would be unfair to extend them to America's wealthiest because they don't need the money and taxpayers would have to borrow $700 billion to pay the tab.
NEW YORK (CNNMoney.com) -- In a surprise move Wednesday, the co-chairmen of President Obama's fiscal commission released their preliminary proposals to curb growth in U.S. debt.
The report from Erskine Bowles and Alan Simpson recommends spending cuts beginning in 2012, as well as tax reform and other ways to reduce the deficit by $4 trillion over the next decade.
- Presidential Panel Releases Deficit-Reduction Proposals
The plan would reduce spending and benefits and overhaul the tax code to reduce the deficit to 2.2 percent of GDP by 2015, a level many economists consider sustainable.
- US Deficit Panel Proposes Curbs on Social Security
- 'Fast' Traders: Reflation Trade's Run Over?
- Cisco Profit Tops Forecasts, but Shares Slide Lower
- AIG on Track to Repay Bailout: CEO Benmosche
- Famous Homes for Sale, as Seen on TV and in Movies
Want to Buy a Famous House? Look at These - Goldman Pulling $120 Million From Falcone Fund: Report
- Gold, Silver Markets Roiled by Move to Curb Speculation
- Morgan Stanley Says Equities Are 'Crazy Cheap'
- NJ Governor Christie Shaping US Economic Debate
- Ex-Chicago White Sox Staff Accused of Kickbacks
- Why Gold Prices Aren't Really At a Record High Right Now
If investors really were worried about inflation, gold would probably be a lot more expensive than it is, the New York Times reports.
- Jobless Claims Drift Lower; Prices Rise, Trade Gap Cut
- Bush Says 'Clear Conscience' on Financial Crisis
- Doubts Grow Over ‘Peripheral’ Euro-Zone Nations
- GM Posts $2 Billion Profit Led by North America
- Stage Set for Showdown Over Online Privacy
- Macy's Posts Profit, Raises Full-Year Outlook
Donald Trump's Best and Worst Gambles - Spam, Slow Tow for Thousands on Stalled Carnival Ship
- $35 Million Warhol Coke Bottle Lifts Sotheby's Auction
- RIM Takes on iPad As It Downplays BlackBerry Threat
- Boeing 787 Test Flight Makes Emergency Landing
- GM Posts Profit Ahead of Return to the Market
- Zoellick Sees 'Elephant,' Not Endorsing Gold Standard
- G20 to Endorse Capital Reforms, Urge Flexible Rates
- US Home Loan Demand Rises as Rates Stay Near Lows
- Doubts Grow Over ‘Peripheral’ Euro-Zone Nations
- Stocks Could Struggle; Fed Easing, Jobs in Focus
- Like the Tea Party, Is Buying Gold a Protest Vote?
- Wrath of 'Clueless' Remark Minister a YouTube Hit
- Boeing 787 Test Flight Makes Emergency Landing
Donald Trump's Best and Worst Gambles - Concern as BoE Chief Blurs Line on Policy
- China Ratings Agency Downgrades America
- It's Law; French Retirement Age to Rise to 62
- Singapore Air Changing Engines on Three A380s
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