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SHUTDOWN COUNTDOWN: 10 days -- ALAN GREENSPAN WARNS: 'no viable long-term solution to our badly warped economy' without fixing political system -- WHITE HOUSE SIGNALS Janet Yellen nomination coming
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By MIKE ALLEN | 09/21/13 10:27 AM EDT

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FIRST LOOK ALAN GREENSPAN, Fed chairman from 1987 to 2006, in a book out Oct. 22 from The Penguin Press, The Map and the Territory: Risk, Human Nature, and the

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Future of Forecasting : Our highest priority going forward is to fix our broken political system. Short of that, there is no viable long-term solution to our badly warped economy. In America we are being pulled apart politically in ways unrivaled since the aftermath of the 1929 crash. My first realization of a striking shift in our politics was brought to my attention by the staunch conservative three-term senator from Utah, Robert Bennett. He feared that despite his strong approval ratings, his 2010 reelection bid was by no means secure. In his 2004 reelection, Bennett won 69 percent of the vote. His problem, as he stated it, was unexpected contenders for his Senate seat from his political RIGHT. [The 18-year veteran finished third at the Utah Republican convention and his seat is now held by Sen. Mike Lee, an instigator of the effort to shut down the government over Obamacare.] It was my first awareness of what later came to be known as the Tea Party, a political movement that emerged in 2009 and became a powerful force in the 2010 election. Both uncompromising sides of our ongoing debate on fiscal and other issues need to recognize that financial crisis lurks should we fail to resolve our deeply disruptive fiscal imbalance. And that imbalance is far greater than the official data portray [because of contingent liabilities to the U.S. government from possible rescues of large financial firms and iconic nonfinancial firms] At risk is the status the American economy has held as the preeminent world economic power for more than a century. My introduction to political Washington came in the 1960s when I was first invited to the dinners that were hosted by the Washington Posts Katharine Graham, pundit Joseph Alsop, and others. To my recollection, the invitees to these dinners were ritualistically half Democrats and half Republicans. Today, attendance at similar dinners is predominantly a 95 to 5 percent split, with either Democrats or Republicans in the majority. The bias toward unconstrained deficit spending is our top domestic economic problem. --Dedication : For my beloved Andrea Preorder : $27.77 hardcover; $18.99 Kindle; $26.96 audiobook CD http://amzn.to/18bKRjy SPOTTED, atop A1 of The New York Times: Rory Cooper, communications director to House Majority Leader Eric Cantor (walking directly behind the Leader); Doug Heye, deputy chief of staff (behind Rory); and Allen Jamerson, Cantors new special assistant (bow tie). http://goo.gl/X4TqAl

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NEW ON THE TWITTERS: Tim Cook (@Tim_Cook), CEO Apple, Fan of Auburn football and Duke basketball Cupertino. Only tweet so far: Visited Retail Stores in Palo Alto today [as new iPhones debuted]. Seeing so many happy customers reminds us of why we do what we do. In less than 24 hours, 165,000+ followers. THE NEXT BEN WSJ A5, White House Is Urging Senators to Defend Yellen, by Peter Nicholas: Janet Yellen, the Fed's vice chairwoman, became the front-runner to lead the central bank after Lawrence Summers withdrew White House officials this past week called some of those same Democratic lawmakers, urging them to stand up for Ms. Yellen in the event she comes under criticism. The message: If she starts getting attacked, you guys should step in and defend her The phone calls on Ms. Yellen's behalf are a fresh sign that she is the lead candidate to succeed Ben Bernanke as Fed chairman. http://goo.gl/f0BVzd --Fed's Yellen Postpones New York Speech as Her Candidacy Gains, by Bloombergs Caroline Salas Gage : Yellen postponed [an Oct. 1] speech to the Economic Club of New York, the club said Friday. IMPORTANT IF TRUE -- Senior U.S. Republican to target state, local tax deduction, by Reuters Kim Dixon : The U.S. Congress' top Republican on tax policy is likely to recommend repeal of a popular and costly federal tax deduction for state and local taxes paid, congressional aides said. House Ways and Means Committee Chairman Dave Camp is pushing forward with the idea of a tax code overhaul despite expectations that this Congress is too fractured to take on such a big project. The provision, available only to the roughly one-third of federal taxpayers who itemize, allows taxpayers to deduct from their income the value of state and local property tax paid, as well as state and local income or sales tax paid. Claimed by 46.6 million Americans in 2011, the deduction reduced U.S. tax revenues that year by an estimated $42 billion, making it one of the largest tax breaks in the code. --PLAYBOOK FACTS OF LIFE: This is being looked at, no doubt. But Camp hasnt made decisions like this, and is still consulting members of his committee. Dont look for a plan until later this fall. NETWORK NEWS ALERT L.A. Times 2-col. lead, Hollywood plays key role for health law: White House counts on the entertainment industry to promote its plan, especially to young people, by Maeve Reston: Wedged into the blotter on [president of production]

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OBAMACARE: What Obama said, why it mattered

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Mike Farah's desk at the Funny or Die studios in Hollywood is an index card with a list wrangling talent, polishing scripts and arranging shoots Farah and his team [are] developing as many as 20 projects involving the healthcare law. The first will go live on Sept. 30, the day before Americans are supposed to be able to enroll in the new health insurance marketplaces. Farah's drive stems from a series of White House meetings, culminating in a July session in the Roosevelt Room in which the president asked for help promoting the law from a conference table full of artists, entertainers and creative executives including Farah, Amy Poehler, Jason Derulo, Michael Cera and Jennifer Hudson. On the other side , powerful conservative groups are trying to persuade Americans to opt out of the law. This week, the group Generation Opportunity aired a Web video depicting Uncle Sam popping up between the legs of a young woman at the gynecologist's office. The video drew more than 600,000 views within 36 hours. Americans for Prosperity, the free-market advocacy group that spent more than $33 million to try to defeat Obama in the 2012 election, has hosted telephone forums and town-hall-style meetings as part of a 35-state campaign to block the healthcare law. We now have a funded, professional, logistically proficient infrastructure that, when one of these fights [arises] can really spring into action, said Americans for Prosperity President Tim Phillips. [Farah] agrees to show one video , which makes the case to sign up for insurance with the laugh-cringe moments you might expect from Funny or Die: a little girl tumbling head-first off her rocking horse, a skateboarder's ill-fated trick, a boy attempting a jump on his bike and ending up limp on the asphalt. Valerie Jarrett loved this video, Farah said. http://goo.gl/HP8XRe SECOND CHANCE FOR RESOLUTIONS: As of tomorrow, there will be 100 days left in 2013.
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SECOND CHANCE FOR RESOLUTIONS: As of tomorrow, there will be 100 days left in 2013. What would you like to celebrate on Jan. 1, 2014? THE ECONOMIST cover, all eight global editions, The weakened West, showing a lion looming over a map of Syria with his dentures out! America, Russia and Syria: The deal over Syrias chemical weapons marks a low for those who cherish freedom: In Western capitals the sigh of relief over Syria is audible. Barack Obama, while admitting that his diplomacy fell short on style points, claims that he got what he wanted. Syrias president, Bashar Assad, will sign the convention against chemical weapons and get rid of the agents that he used to kill around 1,500 of his own citizens last month. Even better, Russia shares responsibility for enforcing the plan, which could lead to broader co-operation with America, while Syrias other ally, Iran, is making noises about negotiating with the Great Satan over its own nuclear programme. Obama has managed to avoid the sort of humiliating defeat in Congress that David Cameron suffered in Britains Parliament. Now that military action is unlikely, Mr Cameron will not be embarrassed as a no-show. Franois Hollande no longer faces a domestic fight over his willingness to take France to war on Congresss command. Step back, and the outcome looks rotten . For a start, the deal itself is flimsy because it will be so hard to enforce. Americas credibility as an ally has been undermined. Last, Americas credibility as an opponent has also suffered. The Wests great problem is the paralysing legacy of Iraq and Afghanistan, exacerbated by a weak economy in Europe and, in America, vicious partisan politics. Everyone knew that Western citizens were tired of fighting, but until Mr Obama and Mr Cameron asked them, nobody knew just how tired. The West is not on an inexorable slide towards irrelevance. Far from it. Americas economy is recovering, and its gas boom has undermined energy-fuelled autocracies. Dictatorships are getting harder to manage: from Beijing to Riyadh, people have been talking about freedom and the rule of law. See the cover . http://goo.gl/Ud5sBE Read the editorial. http://goo.gl/XexzNu --Reuters/Amsterdam: Syria has handed over details of its chemical arsenal to U.N.-backed weapons watchdog, meeting first deadline of U.S.-Russian disarmament accord which could avert Western air strikes. ** A message from Business Roundtable : Americas business leaders want Washington to solve problems that threaten economic growth and job creation. Fix Americas broken immigration system to strengthen national security and promote a healthier economy.

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Washington, its time to act. Learn more at www.businessroundtable.org . ** FISCAL FRACAS Obama calls Boehner, rules out debt negotiations, by Jake Sherman and John Bresnahan: Obama called Speaker Boehner Friday night to reiterate his hard-line stance. The Ohio Republicans office said the president called to say he wouldnt negotiate with him on the debt limit. Given the long history of using debt limit increases to achieve bipartisan deficit reduction and economic reforms, the speaker was disappointed but told the president that the two chambers of Congress will chart the path ahead, a Boehner aide said in an email. It was a brief call. A White House official said Obama spoke to both Boehner and House Minority Leader Nancy Pelosi. The President telephoned Speaker Boehner and told him again that the full faith and credit of the United States should not and will not be subject to negotiation, the official said in a statement The President reiterated that it is the constitutional responsibility of the US Congress to pass the nations budget and pay the nations bills. The presidents position is that Congress should raise the $16.7 trillion debt ceiling without any accompanying budget changes or reforms a so-called clean debt ceiling increase. Yet its unclear if such a hike could pass in the House or the Senate. [A]fter the call, [Pelosi] sent out a letter to fellow Democrats asking them to give her maximum flexibility by keeping their powder dry as the debate over government funding and a debt-limit increase continues. http://goo.gl/ivJQ01 --Senate turns to CR that defunds Obamacare, by Jake Sherman and John Bresnahan : The House vote late Friday morning was 230-189, with Republican Rep. Scott Rigell (Va.) as the only Republican to vote against the $986 billion, three-month package. Democratic Reps. Mike McIntyre of North Carolina and Jim Matheson of Utah crossed the aisle and voted for the bill. Matheson and McIntyre both opposed Obamacares passage. The Republican-drafted continuing resolution, or CR, keeps the government operating until Dec. 15, allowing the House and Senate time to try to reach deals on the 12 individual appropriations bills. None of those bills has been enacted yet. But the CR is certain to return to Speaker Boehners chamber next week in drastically different shape following Senate action Reid has said that defunding Obamacare is dead and Democrats can strip out the language with a simple majority. Sen. Ted Cruz (R-Texas) who started the defund movement says he will do

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whatever he can, including a talking filibuster, to stall the measures passage in the upper chamber. Following Fridays rare display of party unity, the House Republican Conference will be tested next week when the bill returns. In a closed-door House GOP meeting before the CR vote, Pennsylvania Republican Rep. Mike Kelly urged his colleagues to stick with Boehner. I dont want this to be like Palm Sunday, where we bring the speaker in on a little donkey and then next Friday, we crucify him, Kelly said, according to several sources. http://goo.gl/zMyhSi --THE HEADLINES: WSJ 5-col. lead, Health Law Thrust Into Fiscal Fights: House GOP Votes to Strip Money for Insurance Overhaul as Oct. 1 Shutdown Deadline Approaches N.Y. Times 1col. lead, HOUSE APPROVES STOPGAP MONEY, SETTING UP FIGHT: NO HEALTH PLAN FUNDS Democrats Reject Idea Government Is on Path to Shutdown WashPost 2-col. lead, House approves budget defunding health-care law: SENATE NEXT TO ACT AS SHUTDOWN NEARS Obamacare to face 2nd assault in debt-limit bill. RAW DATA Forbes list of top 10 American billionaires The top 10 people on this year's Forbes 400 list -- AP: Bill Gates, $72 billion Warren Buffett, $58.5 billion Larry Ellison, $41 billion Charles Koch, $36 billion David Koch, $36 billion Christy Walton & family, $35.4 billion Jim Walton, $33.8 billion Alice Walton, $33.5 billion S. Robson Walton, $33.3 billion Michael Bloomberg, $31 billion. http://www.forbes.com/forbes-400 2016 WATCH With 2016 in distance, Clinton keeps up supporters, by APs Ken Thomas in Chicago: Hillary Rodham Clinton is making sure she stays connected to important Democratic constituencies -- from college students and black women to the gay and lesbian community [H]ere are some of the events on her schedule this fall: appearances before college students in New York, an award from the Elton John AIDS Foundation, a speech at a Minneapolis synagogue and an event involving a Mexican-American initiative in California. While her speeches avoid partisan politics, they put her before admiring audiences that relish the notion of a woman leading the country. Clinton's advisers note that she has avoided the circuit of Democratic dinners and events in early voting states such as Iowa, New Hampshire and South Carolina, and focused on issues about which she long has been passionate -- the status of women and girls around the globe, early childhood education and the trafficking of wildlife in Africa. She is expected to limit her inperson political activity this year to fundraisers and events for Terry McAuliffe, a friend who's

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running for Virginia governor. Her travel can often resemble a victory lap, filled with awards and acclaim. In addition to speeches at three New York universities, Clinton will be honored by Yale Law School, where she earned her law degree, and the Children's Defense Fund, where she started her work in the 1970s as an advocate for women and children. FOR YOUR RADAR -- WSJ A1, Afghan Deaths Hit Record as U.S. Exits. THE PRESIDENTS WEEK AHEAD, per the White House : On Saturday evening, the President will deliver remarks at the CBC Foundation Annual Phoenix Awards Dinner at the Walter E. Washington Convention Center. The First Lady will also attend. On Sunday, the President and First Lady will visit with families of the victims of the Washington Navy Yard shooting and attend a Washington Navy Yard Memorial. The memorial will be held at Marine Barracks On Monday, the President and the First Lady will travel to New York City for the 68th Session of the United Nations General Assembly (UNGA). The President and the First Lady will remain overnight in New York City. On Tuesday, the President will deliver remarks to the UN General Assembly; the First Lady will attend the event. Later in the day, the President will visit the Clinton Global Initiative where he and President Clinton will engage in a conversation about the benefits and future of health care reform in America, and access to quality health care around the globe. In the evening, the President will attend an event for the DNC before returning with the First Lady to the White House. On Friday, the President will welcome Prime Minister Singh of India to the White House for a bilateral meeting. This meeting follows the Prime Ministers visit to Washington in 2009, and the Presidents visit to India in 2010. THE V.P.s WEEKEND: The Vice President will be in Wilmington, Delaware. There are no public events scheduled. SPORTS BLINK A-Rod sets slam record, by APs Mike Fitzpatrick in New York: Alex Rodriguez's record-breaking grand slam was a big one for the Yankees, who can only hope it came in time for a last-gasp run at the playoffs. Rodriguez set a major league mark with his 24th career slam, passing Lou Gehrig with a tiebreaking shot in the seventh inning that sent New York to a 5-1 victory over the San Francisco Giants on Friday night. --MLB Playoffs Boston Globe A1 above fold, RAGS TO RICHES RED SOX CLINCH IT: Red Sox closer Koji Uehara celebrated with his teammates after Friday nights game against

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the Blue Jays at Fenway, where the Sox clinched the American League East title with a 6-3 win. The Sports Exchange: The Boston Red Sox completed their amazing turnaround from worst to first Boston's last AL East crown came in 2007, when it went on to win the World Series. One year ago, the Red Sox were at the tail end of a dismal 69-win season, the franchise's worst since 1966 (72-90). --FOR DEE DEE, CAMILLE, WILL, DAVID and TAGG -- L.A. Times, top of A1, HOW THE WEST WAS WON: The Dodgers clinched the National League West Division championship on Thursday with a 7-6 victory over the Arizona Diamondbacks. After losing to the San Diego Padres on June 21, the Dodgers had a 30-42 record and were in last place. The team then went 58-23 to secure a spot in the playoffs. http://goo.gl/OSYyN BIRTHDAYS: Ian Russell, DCCC's campaign and candidate recruitment director (hat tip: Jesse Ferguson) Anna Greenberg of Greenberg Quinlan Rosner (h/t Jon Haber) ... Monica Carmean, legislative counsel for Sen. Tester, and proud Northwestern Wildcat (h/t Dave Stroup) ... Jessica Andrews of the State Department is 26 (h/t Jason Rahlan) author-comedian Fannie Flagg is 72 producer Jerry Bruckheimer is 70. author Stephen King is 66 Bill Murray is 63 Hall of Fame jockey Eddie Delahoussaye is 62 former Australian Prime Minister Kevin Rudd is 56 retired MLB All-Star Cecil Fielder is 50 Faith Hill is 46 Ricki Lake is 45 (h/ts AP) DESSERT Grand Theft Auto V sales race past $1 billion AFP/San Francisco: Grand Theft Auto V raked in more than a billion dollars in a record-shattering first three days on the streets for the unabashedly violent videogame, the publisher announced. Take-Two Interactive Software said it believed that the blistering pace of GTA V sales marks the fastest (of) any entertainment property, including video games and feature films. Grand Theft Auto is a cultural phenomenon, and Rockstar Games continues to redefine what can be achieved in interactive entertainment, said Take-Two chief executive Strauss Zelnick.Take-Two's unit Rockstar Games spent five years crafting the title, with a rumored production budget of $270 million, and the time has paid off for gamers, according to a slew of reviews giving it top marks. The GTA franchise has won legions of fans and cadres of critics with gameplay in which triumph depends on acts such as carjacking, gambling and killing. Play in Grand Theft Auto games has included simulated sex with prostitutes and drunken driving. The latest version is said by reviewers to be rife with more of the same, along with profanity-packed dialogue. The

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fifth installment in the GTA series is set in a fictional city of Los Santos based on real-world Los Angeles and its nearby hills and beaches. http://goo.gl/HqZ3dT THE SHOWS, from @MattMackowiak: --NBCs Meet the Press: NRA executive vice president Wayne LaPierre; mother of Aurora, CO shooting victim and gun-control activist Sandy Phillips; Sen. Mike Lee (R-UT), Sen. Amy Klobuchar (D-MN), Rep. Barbara Lee (D-CA) and Rep. Marsha Blackburn (R-TN); roundtable with The Weekly Standards Bill Kristol, Wall Street Journal columnist Kim Strassel, former Obama White House press secretary and NBC News political contributor Robert Gibbs; PBS Tavis Smiley --ABCs This Week: Rep. Chris Van Hollen (D-MD); Rep. Tom Graves (R-GA); roundtable with CNN co-host and former Speaker of the House Newt Gingrich (R-GA), former Clinton administration Labor Secretary and the University of California at Berkeleys Robert Reich; PBS Gwen Ifill and ABC News Jonathan Karl; Sunday spotlight segment with tennis legend Billie Jean King --CBSs Face the Nation: Sen. Joe Manchin (D-WV); Sen. Tom Coburn (R-OK); Rep. Matt Salmon (R-AZ); former Nixon administration Secretary of State Henry Kissinger; roundtable with TIME Magazines Nancy Gibbs, TIME Magazines Bobby Ghosh, The New York Times David Sanger and CBS News John Dickerson --Fox News Sunday: Sen. Ted Cruz (R-TX); former U.N. weapons inspector Charles Duefler; Sen. Claire McCaskill (D-MO); roundtable with Fox News Brit Hume, Cook Political Reports Amy Walter, former Bush White House senior advisor Karl Rove and former Rep. Dennis Kucinich (DOH); Power Player of the Week segment with The Trump Organizations Ivanka Trump --CNNs State of the Union (SUN 9-10am ET / 12pm ET): House Minority Leader Nancy Pelosi (D-CA); political roundtable with Democratic strategist Donna Brazile, American Conservative Union chairman Al Cardenas, former Clinton White House press secretary Joe Lockhart and Republican strategist Kevin Madden --CNNs Fareed Zakaria GPS: (SUN 10am ET / 1pm ET): Former President Bill Clinton --Fox News MediaBuzz (11am ET / 10am CT): Roundtable with Fox News contributor

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Lauren Ashburn, The Blaze TVs Amy Holmes, Fox News Juan Williams, Fox News host Greta Van Susteren and American, The National Catholic Review editor-in-chief Matt Malone --CNNs Reliable Sources: (SUN 11am ET): Washington Times Emily Miller and American Universitys Andrew Lih; The Washington Posts David Fallis; Poynter Institutes Kelly McBride; The Guardian editor Alan Rusbridger; ESPN host Tony Kornheiser (guest host: NPRs David Folkenflik) --Univisions Al Punto (SUN 10am ET): Rep. Xavier Becerra (D-CA); Rep. Mario Daz Balart (R-FL); Venezuelan opposition leader Henrique Capriles Radonski; Assistant Secretary of State for Economics and Business Affairs Jos W. Fernndez; Surgeon General Dr. Rafael J. Grossman --C-SPAN: The Communicators (SAT 6:30pm ET): American Cable Association President & CEO Matthew Polka, questioned by Telecommunications Reports Lynn Stanton Newsmakers (SUN 10am ET / 6pm ET): Rep. Steve Scalise (R-LA) Q&A (SUN 8pm ET / 11pm ET): U.S. Department of Agriculture Inspector General Phyllis Fong --Bloombergs Political Capital with Al Hunt (SUN 8am ET / 1pm ET): Sen. Patty Murray (DWA);discussion of prospects for the next Federal Reserve chairman and this weeks FOMC meeting with Bloomberg News Julianna Goldman and Bloomberg News Rich Miller; discussion of the budget battle with Bloomberg News Heidi Przybla; Bloomberg View columnists Margaret Carlson and Megan McArdle --Bloomberg Governments Capitol Gains (WUSA9 SUN 11:30am ET / Bloomberg TV SUN 12pm ET / 5pm ET): Rep. Tim Huelskamp (R-KS); Purdue University president and former Gov. Mitch Daniels (R-IN); discussion of why U.S. firms have a competitive advantage in opportunities to help destroy Syrias chemical weapons with Bloomberg Industries Brian Friel --MSNBCs UP with Steve Kornacki THIS MORNING: Rep. Bill Pascrell (D-NJ). Secondterm slump? The panel will also look at President Obamas second-term and how it stacks up to other presidents final years in office. And UP Against the Clock returns! The panel will test its knowledge of what happened this week in politics. Sunday, 8 to 10 a.m.: The Bernard Center for Women, Politics and Public Policys Michelle Bernard; author and columnist Norm Ornstein (Its Even Worse than it Looks: How the American Constitutional System Collided with the New Politics of Extremism); former Rep. Steve LaTourette (R-Ohio).

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--MSNBCs Melissa Harris-Perry: (SUN 10am-12pm ET): Author and Forbes.com columnist Gordon Chang (The Coming Collapse of China); Michigan State Universitys Lisa Cook; Reason Magazine editor-in-chief Matt Welch; DEMOS vice president of policy and research Tamara Draut; parents of a student who forced to participate in an uncomfortable presentation of slavery on a field trip James and Sandra Baker; actor Tom Wopat; actress Adepero Oduye --PBSs To the Contrary: WADJDA director Haifaa Al-Mansour; roundtable with Del. Eleanor Holmes Norton (D-DC), Red Alert Politics editor Francesca Chambers, RH Reality Check editor at large Erin Matson, IWF senior policy analyst Hadley Heath and the United States Institute of Peaces Manal Omar --SiriusXM's Polioptics with Josh King (SAT/SUN 12pm ET / 6 pm ET): Former Deputy Treasury Secretary Neal Wolin, on his career-spanning service to Presidents Bush 41, Clinton and Obama, and the challenges ahead for the president's economic team. And Richard Wolffe, author of "The Message: The Reselling of President Obama. On SiriusXM's POTUS Ch. 124, also available for download on iTunes and at http://www.polioptics.com. ** A message from Business Roundtable: Americas business leaders believe that the U.S. economy is primed for a strong and sustained expansion, but failure of the nations political system to effectively address major structural problems is holding back robust recovery. It is time for Washington to demonstrate that it is still capable of finding sensible, bipartisan solutions. Business Roundtable CEOs urge the president and Congress to take action now on an economic growth strategy that will build confidence, encourage business investment and create more jobs. Learn more about the BRTs positions on the budget and debt ceiling, comprehensive tax reform, strengthening Social Security and Medicare, and fixing immigration at www.businessroundtable.org . **

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Obama's health-care conversion

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840 comments Leave a message...

Best Community gommygoomy
16 hours ago

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The President reiterated that it is the constitutional responsibility of the US Congress to pass the nations budget and pay the nations bills." WHAT BUDGET?
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Sick of it

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gommygoomy 15 hours ago

Congress has no constitutional responsibility to put the nation further into debt, but rather the opposite. We've gone from eras of emergency spending to everything becoming a necessary expenditure regardless of how much the debt balloons.
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Shiori_Uyoku

Sick of it 13 hours ago

That's because the money goes to fund people and things that the American taxpayer never authorized in the first place. Our so-called 'public servants' are as decadent as Marie Antoinette and Caligula rolled into one insatiable, nation-killing monster. Term limits must be instituted. Allowing Congressmen to serve for 50 years by repeatedly winning re-election by increasing welfare rolls and devouring industry is a system that rewards corruption and ineptitude. They only work to siphon money away from the citizenry and only live to enjoy their obscene perks. The founders could not have predicted such a wholly self serving bunch of elitist fools.
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Shiori_Uyoku 2 hours ago

Overman18

This economy is not doing well. A quick look around will answer any doubts you have Layoff / Closing List http://www.dailyjobcuts.com /
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Overman18 an hour ago

John (magnum)

We all can thank "The Messiah" KING OBONGO and the dem/socialist/communist party for Americas destruction !
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SmartDoctor

John (magnum) an hour ago

You left out, "and their entrenched RINO supporters nationwide." Therein lies the power of the Tea Party. We actually respect the Constitution, we appreciate the contribution of the individual in our society, and we feel minimum need to contribute to the culture of abject dependency of
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others, at the price of our own kid's financial, social, and actual physical security. We want our country back, we want our freedom back, we want economic security and independence back. How's that for a radical, dangerous, racist, intolerant philosophy?
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HalfMoments > John (magnum)

an hour ago

you left out .....marxist/fascist

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HalfMoments an hour ago

John (magnum)

Can't remember everything. :-) Thank you and SmartDoctor

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Shiori_Uyoku 1

Overman18 2 hours ago

Never doubted. Well aware. Thank you for the link.

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Hoptop 12 hours ago

@Hoptop---"while the "middle class" and poor pay the bills." You're a dope. What "bills" are you speaking of? Just the top 1% you speak of pay over 30% of all total fed. taxes. That amount also equals the same amount of the bottom 95% combined. PLUS, Half of that 95% don't even TAXES. What if that half just paid $1.00 a year??? Without the top 1%, you would be paying $15+ a gallon for gas, etc.
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whooosh

8644 12 hours ago

IRS records show, that people earning more than $200,000 a year pay 80% of all federal
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income taxes. 47% of the people pay no federal taxes. Many of the 47% are retired people, who live on SS, which is exempt from taxes.
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President Broke Obummer

whooosh 11 hours ago

Not necessarily, when I made 50K per year I was shocked at what little I paid in taxes. When I made 73K, I started to get hit....when I made 95K, It wondered why I was working so hard. To think the TAKERS make 35K with all the goodies they get....makes me not want to work at all....I'm on pace to make 100K now....not sure I'm in a hurry to do that again.
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Finkin79 .

President Broke Obummer 5 hours ago

Actually, if you fall in the 25-40k range and don't have any deductions, 35% or more in taxes. Basically the tax code is just hugely broken, but no one in government wants to do the work to fix it.
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alex ferdman 3 KenIh

Finkin79 . 4 hours ago

35%? How about all other taxes, fees, assessments, fines etc?

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Finkin79 . an hour ago

Assuming your single then at 25K your in the 15% income tax bracket. deductions and earned income tax credits your going to be close to a 10% income tax rate. and medicare add another 7.5% so that's 17.5% in Federal taxes. At $400K the income tax rate goes to 40% or $160,000 per year for income taxes only. I agree it looks broken to me as well.
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HalfMoments > Finkin79 .

43 minutes ago

Some folks want to do the work but get shot down. Dingy Harry runs the Senate like a despot, so nothing gets through him except socialist/communist/marxist/fascist policies.
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whooosh 11 hours ago

Understand, but the bottom 50% only pay 2.25 %, do the math.
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alicat2441

whooosh 10 hours ago

Um only if your SS check at the end of the year is less that $25K, if over that you pay fed income taxes for singles. For married it's 32K. http://ssa-custhelp.ssa.gov/ap...
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whooosh 2 hours ago

Smiddywesson

Whooosh, right over your head. The upper income wage earners are not "the rich." They give up their lives for marginal wealth and pay through the nose in INCOME TAX. So you've fallen for the smokescreen because it fits your outdated conservative mantra that could hold water 40 years ago but is now irrelevant. The real rich don't pay income taxes, because the real rich, who don't give a crap about you or me or Mr. $200k a year, DO NOT DERIVE THEIR INCOME FROM WAGES. taxes on capital gains were lowered out of the good graces of government? You can repeat the mantra that the rich pay all the income taxes, but just tells you how bad things have gotten. The people who don't work for wages pay more than all the people earning minimum wage BECAUSE THE MIDDLE CLASS HAS BEEN DECIMATED. we paying attention?
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HalfMoments > Smiddywesson 2

42 minutes ago

And who has hit the middle class and poor harder than anyone? Hmmm? Obama.

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alex ferdman

whooosh 4 hours ago

Our system will be broken by our debts.

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17_woods > alex ferdman 2

3 hours ago

Not "will be broken." IS broken.

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ReluctantSerf

whooosh 36 minutes ago

Good points BUT if you are collecting SS you do pay taxes on it. your total income is below threshold .

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harleyrider1989

whooosh an hour ago

ss is not tax excempt! It is taxable as earned income! People on SS don't make enough to even file............That's why you think its tax excempt. SSI SSDI are tax excempt for disability payments just like veterans benefits/pensions!

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newcountryman

harleyrider1989 29 minutes ago

Only if you take it early and are still working with earned income then it comes into play.

red_fez
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whooosh 11 hours ago

http://ntu.org/tax-basics/who-...

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8644 9 hours ago

Adam L Tucker

You are correct, the middle class and the poor pay far less taxes than their 1% counterparts; which is of course is directly proportionate to their wealth, i.e. 20% of $10 million is far more than 20% of $100k. But the point which I believe Hoptop may have been trying to make was that poor and middle class are the only people that do all the heavy lifting, creating, and problem solving. IMO, the rich contribute nothing - allocating wealth; i.e. investing is not creating, it is artificially guiding people as resources to create.
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Carpenters, masons, electricians, engineers, doctors, scientists, teachers... these are the creators.
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Invictvs > Adam L Tucker

7 hours ago

Your confusion is understandable if you haven't studied economics. different worth. You pay less for a pair of jeans than you do for a new car. understand why. Different jobs also have different "worth". While the "bankers" may be overcompensated, in your eyes, you aren't the one paying them for their service. companies need capital, bankers facilitate that need and are compensated according to that service they provided. Wall Street provides the market for this capital to be raised and traded. Other companies, institutional investors, "rich" people, etc, provide that money in order to make a profit from it. And that is our system. It may not be perfect, but it is much more efficient than the government doing it because a group of people with total control cannot replace a natural system. A group of individuals with power will serve their own interests first, as we've seen in the past with Russia and China, because that is human nature. best of our human nature. While it's understandable to think that certain careers shouldn't make so much, you have to realize that someone else thought that the service they provided was worth that much. think someone should make more, then pay them more for their service or their product next time you receive it. This system, overall, benefits those who work hard. While some are luckier than others, and
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Invictvs 3 hours ago

invictvs, Very well stated. As poor of a job that barrak has done, it is hard to pick out what was his worst. But I think his class envy may end up being the most lasting. to class envy, intentional I might add, more than anyone else in this country. thought like you, or heard your message, just maybe some could be convinced to get off their duff and work hard. It pay's off.
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Keith Panco

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phil 2 hours ago

Well said. Throughout history, dictators and tyrants have always used class envy to stir up the masses. The 1% vs 99% argument is nothing new. Both Hitler and Stalin used it to gain power.
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Adam L Tucker 8 hours ago

standupamerica

Adam, I see your point, but using your logic, Steve Jobs, Bill Gates, Mark Zuckerburg, etc. have been taking advantage of all of us for years, giving us nothing in return while making millions. The truth is, we all have a chance to create. But unless you create a unique product or service, you will not make much more than the average man. Carpenters, masons, etc. are a dime a dozen. Yes they are needed, but not unique. Please name a "rich" person who has not contributed anything. Yes some people inherit money, but at some point, someone created something in a big way. The promise of America has always been, "If you dream big, work hard and are lucky, you too can become wealthy." But Adam, you are saying that is a wrong concept. If you want to distribute the wealth evenly, go to a socialist country, but don't go to Russia or China. Even they see the value of capitalism, at least in a limited form, as their leaders refuse to give up power, but are benefitting from limited capitalism, as it is the only way to stimulate the economy in the flawed socialist system
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Doa74656

standupamerica an hour ago

Steve Jobs didnt give us anything? Iphone Ipod Ipad etc Bill Gates? Windows Microsoft etc? Zuckerberg can take a flying leap He and facebook are a bane to society

Jim
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Adam L Tucker 9 hours ago

Maybe a lot of Wall Street guys are overcompensated, but the allocation of capital is a very important role in the economy and people who do it successfully should be well compensated.
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HalfMoments > Jim

37 minutes ago

Lot of politicians are overcompensated.

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YouDude60

Adam L Tucker 8 hours ago

who would have far less work were it not for the 1%. The 1% are rock stars-- if our economy is in fact consumption-based.
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HalfMoments > Adam L Tucker

40 minutes ago

Yet Obama hits them the hardest and destroys those jobs. Why anyone would vote for the destroyer and chief is beyond me, but plenty did. They have been called the low information voter, I call them the idiots.
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Nunya Bidness > 8644

11 hours ago

What are we being billed for? If the top 1% pay most of the bills (and I don't deny that) and have 30% invested in the MIC then these bills for endless wars everywhere under the sun ends up being a net positive. Another 30% invested in a banking system that was 100% funded after leveraging up to 40:1 on a dollar and flat-ass losing . . . well that's just gravy. How's about this: Stop being CHUMPED!?

Jim 2 WrkrB
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Nunya Bidness 9 hours ago

Nice username

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Hoptop 11 hours ago

Actually, for the last several years running, Google and other sites have reported that 47% of U.S. citizens pay no income tax. Granted, they may be paying sales tax or FICA, but it appears to me that 53% of us are pedaling like crazy just to stay current with bills, mortgages, and
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taxes, while the rest are coasting, possibly receiving Sect. 8 allowances, food stamps, disability (aka 'permanent unemployment benefits), ADC, etc. No wonder the country is circling the drain. The work ethic seems to have moved on to places like Brazil or China. I doubt the '1%' have much to do with that, other than funding election of compliant politicians.
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WrkrB 10 hours ago

"The work ethic seems to have moved on to places like Brazil or China. I doubt the '1%' have much to do with that, other than funding election of compliant politicians." The 1% shifted the jobs to the third world and allowed 10s of millions no-skill/low skill workers into this country. So, the 48% that don't pay taxes don't have a chance to pay taxes. They don't have a job.
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Paul_Mcgrath

Yeah 9 hours ago

There are still plenty of low/no skill jobs in the US. Go out and ask a young person under 25 if he's employed. One in five will say they are not. One in three if they're black. ones unemployed if they would be willing to work at McDonalds or Walmart if offered a job there. 90% of them will say they would not.
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HalfMoments > Yeah

31 minutes ago

And why did our politicians do this? Ask Carter, Clinton, Obama why they did it. Under the guise of trade negotiations. These same idiots gave illegals benefits, including social security, and an open border. We spend hundreds of billions a year on illegals. Not even to mention the job losses. And before any communist says we have only lost very low paying jobs, we have "discovered" these illegals in our factories, including jobs as foremen, managers, etc. You see, you only had to check every 10 years about a persons legality at companies. And now Obama has eliminated that under his unconstitutional executive orders and our own criminal head at the
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Tommy DisCool 10 hours ago

You fool! The military is only 18% of the federal budget. IT IS THE ONE THING THE FEDERAL GOVERNMENT SHOULD FUND. The waste and fraud are EVERYWHERE!!!!!
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argh32 8 hours ago

Tommy DisCool

Sorry! I forgot to mention waste and fraud. Yes by all means, get rid of that too. So the military, the waste and the fraud have to go, anything else come to mind?

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Tommy DisCool 12 minutes ago

disqus_RUOK

Entitlements. Waste and fraud is to be expected and you can NEVER eliminate the military. be strengthened and brought back to full measure. Thinking that we will never get attacked is not only naive but adolescent mind-set. Grow up and realize the world is full of adversaries that WILL take advantage of a weakness.
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Paul_Mcgrath

Tommy DisCool 9 hours ago

What are you talking about? Foreigners, terrorists, and drug dealers are invading our borders by the thousands every day. And what does this President want to do about it? can legally stay here permanently, and give more of them more incentive to invade us.
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Tommy DisCool 10 hours ago

That Chinese warship out there will be unaffected by 100 million rifles.
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h2k 10 hours ago

I agree with you,,, we need to be very cognizant of Russian and Chinese military power. 100 million rifles is good, if we had 100million fighters, but only against troops landing on our soil..Khrushchev made a statement similar to we will destroy you from within, and it's happening
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