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Thread: Over 90% of the income gains in the first year of the recovery went to the top 1%

  1. #321
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    Re: Over 90% of the income gains in the first year of the recovery went to the top 1%

    Quote Originally Posted by Dickieboy View Post
    Apparantly you have done the research so tell me, who does?
    I've already stated that the GOP plan slashes funding for seniors and the poor to provide bigger tax cuts for the rich, while the president's plan does not.





    How did you make such a leap to the deficit? I have already posted the comparison on the effect both plans have on the deficit AND debt. Did you miss it?
    That's why it was odd of you to imply the president cut as much from seniors and the poor as does the GOP plan. It was that contradiction I was pointing out.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Over 90% of the income gains in the first year of the recovery went to the top 1%

    Quote Originally Posted by JP Hochbaum View Post
    “In 2010, average real income per family grew by 2.3% … but the gains were very uneven. Top 1% incomes grew by 11.6%, while bottom 99% incomes grew only by 0.2%. Hence, the top 1% captured 93% of the income gains in the first year of recovery. Such an uneven recovery can help explain the recent public demonstrations against inequality.”
    Is there anything preventing you from getting ahead in life, or enjoying your life?

    This constant concern whether others might be having more than you will not make you any happier. Quite the opposite in fact.

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    Re: Over 90% of the income gains in the first year of the recovery went to the top 1%

    Quote Originally Posted by Catawba View Post
    I've already stated that the GOP plan slashes funding for seniors and the poor to provide bigger tax cuts for the rich, while the president's plan does not.
    The President has a plan? He has Hope but thats about it.

    Borrowing more money is not a plan.


    That's why it was odd of you to imply the president cut as much from seniors and the poor as does the GOP plan. It was that contradiction I was pointing out.
    The government has run out of money and will soon run out of credit. Who will support the seniors and the poor then? What's the plan??
    Last edited by Grant; 03-28-12 at 08:51 PM.

  4. #324
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    Re: Over 90% of the income gains in the first year of the recovery went to the top 1%

    Quote Originally Posted by Catawba View Post
    That's why it was odd of you to imply the president cut as much from seniors and the poor as does the GOP plan. It was that contradiction I was pointing out.
    Quote Originally Posted by Dickieboy View Post
    How did you make such a leap to the deficit? I have already posted the comparison on the effect both plans have on the deficit AND debt. Did you miss it?
    I asked about the leap to the deficit then you backpedal to ‘seniors and the poor’. Why do you keep doing that? Here let me post again the comparison of the two plans with respect to debt/deficit:

    Deficit in 2016
    BHO plan - $529b
    PTP - $241b

    Debt accumulated in 2022
    BHO plan - $6.4t
    PTP - $3.1t

    But you’re right about the BHO plan cutting from seniors. His cutting plan is included in the ACA which is about to get nullified which means that he will not be cutting Medicare or ‘increasing costs for seniors and states’ after all. So, again, let me state clearly YOU ARE RIGHT!

  5. #325
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    Re: Over 90% of the income gains in the first year of the recovery went to the top 1%

    Quote Originally Posted by Catawba View Post
    Back to the class war **** again eh? Have at it then Turtledude! Viva la election!
    appealing to the masses of mediocrity. good idea. lets drag the country down to that

  6. #326
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    Re: Over 90% of the income gains in the first year of the recovery went to the top 1%

    Quote Originally Posted by Catawba View Post
    Viva la election!
    My spanish is a little rusty but what the heck does 'long live the election' mean?

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    Re: Over 90% of the income gains in the first year of the recovery went to the top 1%

    Quote Originally Posted by Dickieboy View Post
    My spanish is a little rusty but what the heck does 'long live the election' mean?
    He might mean long live the dead voters who arise to vote dem each election

  8. #328
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    Re: Over 90% of the income gains in the first year of the recovery went to the top 1%

    Quote Originally Posted by Dickieboy View Post
    I asked about the leap to the deficit then you backpedal to ‘seniors and the poor’. Why do you keep doing that? Here let me post again the comparison of the two plans with respect to debt/deficit:

    Deficit in 2016
    BHO plan - $529b
    PTP - $241b

    Debt accumulated in 2022
    BHO plan - $6.4t
    PTP - $3.1t

    But you’re right about the BHO plan cutting from seniors. His cutting plan is included in the ACA which is about to get nullified which means that he will not be cutting Medicare or ‘increasing costs for seniors and states’ after all. So, again, let me state clearly YOU ARE RIGHT!
    Thanks for the crystal ball reading!

    If you choose to believe Ryan's assumptions, that is your choice.

    "There’s an important disclaimer in the very first paragraph of the Congressional Budget Office’s analysis of Paul Ryan’s budget plan.

    The calculations presented here represent CBO’s assessment of how the specified paths would alter the trajectories of federal debt, revenues, spending, and economic output relative to the trajectories under two scenarios that CBO has analyzed previously. Those calculations do not represent a cost estimate for legislation or an analysis of the effects of any given policies. In particular, CBO has not considered whether the specified paths are consistent with the policy proposals or budget figures released today by Chairman Ryan as part of his proposed budget resolution.

    Translated out of CBO-ese, what that means is that CBO hasn’t looked at whether Ryan’s budget will achieve the results Ryan says it will. Rather, it looked at what will happen assuming Ryan’s budget achieves the results that Ryan says it will."

    The unrealistic assumptions behind Paul Ryan’s budget numbers - The Washington Post
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  9. #329
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    Re: Over 90% of the income gains in the first year of the recovery went to the top 1%

    Quote Originally Posted by Dickieboy View Post
    My spanish is a little rusty but what the heck does 'long live the election' mean?
    Elections are the means of non-violent revolution provided to us by the founders of the country.
    Last edited by Catawba; 03-29-12 at 01:13 AM.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  10. #330
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    Re: Over 90% of the income gains in the first year of the recovery went to the top 1%

    [QUOTE=Catawba;1060341779]I've already stated that the GOP plan slashes funding for seniors and the poor to provide bigger tax cuts for the rich, while the president's plan does not.[QUOTE]

    In fact the US President has already been attacking the poor and the elderly through his energy policies.

    Under Obama, Electricity Rates Are ‘Necessarily’ Skyrocketing - By Jim Geraghty - The Campaign Spot - National Review Online


    There his only one remaining explanation for this supposedly smart (though a beneficiary of the quota system) man's bungling of the US economy, and every other department with which he has come in contact. He is doing it deliberately. That he deliberately set out to destroy America. There is no other rationalization explanation.
    Last edited by Grant; 03-29-12 at 06:08 AM.

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