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Everyone complains about the rich paying more taxes and the poor paying none. What we need to do is have a flat percentage tax rate. Everyone pays something, and yes, the rich will pay more than the poor. As for the percentage, something less than 10%, after all, is the government greater than God? Yes, we are a nation that was founded on the principles of God and the right to choose the way we believe, not a freedom from believing or the lack of choice on how to believe.
Our Federal Reserve will be printing money from nothing. Countries have already lost billions of dollars buying our country's debt. They are realizing that we will never ever be able to pay them back. Will our country avoid economic collapse when foreign countries refuse to buy and invest in these new trillion dollar bonds that our Democratic Controlled Congress is creating. The vast majority of this next trillion dollar bailout is not designed to meet the crisis, but an unprecedented pile of pork that is a clear sign of our new administration's incompetence. Rahm Emanual's comments says it all. Unbelievable!!!
Feb
11
Tom
replied May 1, 2009
If you believe in the Christian bible, Revelations talks about the failure of the world's monetary system. Maybe this is the start of it. If other countries have a large piece of our toxic assests, it might cause the destruction of their economies too.
He means a serious crisis gets everybodys attention which makes it a great opportunity to solve it properly, in a fair and democratic way.
Instead of allowing the special interests to continue making backroom deals which favors the wealthy, Multinational Corporations, and foreign governments!
Feb
6
Tom
replied May 1, 2009
Why then didn't anyone stand up in 2003, and call Barney Frank and Chris Dodd, two-faced liars when they went and said there wasn't anything wrong with Fannie Mae or Freddie Mac? People in the industry and congress stated that continued practises that these two institutions would eventually cause the banking industry to fail.
Rahm Emanuel, chief of staff for president-elect Barack Obama, outlines the opportunities for bipartisan reform that he says the financial crisis presents at the Wall Street Journal CEO Council in Washington, D.C.more about “Wall Street Journal Video: Rahm Emanu…“, posted with vodpod
Encouraging.TPM:President-elect Barack Obama's incoming White House chief of staff challenged chief executives and other business leaders Tuesday night to join the new administration in a push for universal health care, saying incremental increases in coverage won't be acceptable."When it gets rough out there, a lot of business leaders get out of the car and say, 'We're OK with minor reform.' I'm challenging you today, we're going to have to do big, serious things," Rahm Emanuel said, speaking to The Wall Street Journal's CEO Council, a conference convened to elicit corporate opinion on the challenges facing the new president.Now's certainly the time to try.