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avivajazz  jazzaviva

Obama Warns Debt Ceiling Should Not Be 'Used As A Gun' To Extract Tax Breaks - Politica... - 0 views

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    Speaking at the Twitter Town Hall at the White House today, the president said Congress "shouldn't be toying" with the debt ceiling and cautioned against risking the financial health of the country in order to protect the interests of the super wealthy.   "Never in our history has the United States defaulted on its debt. The debt ceiling should not be something that is used as a gun against the heads of the American people to extract tax breaks for corporate jet owners, for oil and gas companies that are making billions of dollars because the price of gasoline has gone up so high.  I mean, I'm happy to have those debates.  I think the American people are on my side on this," Obama said. The president was adamant that when it comes to fixing the economy and solving the deficit problem "we should go with what works," and that's a tax increase on the wealthy. "If the wealthiest among us -- and I include myself in this category -- are willing to give up a little bit more, then we can solve this problem.  It does not take a lot… when people say, you know, "job-killing tax increases, that's what Obama's proposing," we're not going to," he said. "You're entitled to your own opinions, but not your own facts.  And the facts are that a modest increase for wealthy individuals is not shown to have an adverse impact on job growth." "We can test the two theories.  You had what happened during the '90s.  Right?  Taxes for wealthy individuals were somewhat higher, businesses boomed, the economy boomed, great job growth;  and then the 2000s, when taxes were cut on wealthy individuals, jobs didn't grow as fast, businesses didn't grow as fast. I mean, it's not like we haven't tried what these other folks are pitching.  It didn't work.  And we should go with what works," he said.
avivajazz  jazzaviva

Obama on Raising Rates on Rich Taxpayers - 0 views

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    Most Americans, regardless of political party, don't understand how we can ask a senior citizen to pay more for her Medicare before we ask corporate jet owners and oil companies to give up tax breaks that other companies don't get. How can we ask a student to pay more for college before we ask hedge fund managers to stop paying taxes at a lower rate than their secretaries? How can we slash funding for education and clean energy before we ask people like me to give up tax breaks we don't need and didn't ask for?
avivajazz  jazzaviva

The Quiet Coup | America's Unpleasant Truth: We're a Financial Oligarchy! | The Atlanti... - 0 views

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    The finance industry has effectively captured the U.S. government-a state of affairs that more typically describes emerging markets...Recovery will fail unless we break the financial oligarchy that's blocking essential reform.
avivajazz  jazzaviva

Senate Rejects Bid to Shrink Biggest U.S. Banks, Weakens Fed Audit - 0 views

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    "...compromise with the administration and the Fed would give Mr. Sanders and other critics of the central bank an opportunity to claim victory, while not breaking with the Fed's insistence that its monetary decisions be sacrosanct and insulated from political influence."
avivajazz  jazzaviva

Why Didn't Obama Back Busting Up Big Banks? | Mother Jones - 0 views

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    Why didn't the White House back the break-up of big banks? | Mother Jones | #p2 http://bit.ly/awxeg3
avivajazz  jazzaviva

Liberal activists intensify attacks on Kagan as court pick nears | The Daily Caller - B... - 0 views

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    "May 9, 2010 Liberal activists intensify attacks on Kagan as court pick nears"
avivajazz  jazzaviva

Safe Banking Act | Breaking Up 'Too Big to Fail' Banks | Summary - 0 views

avivajazz  jazzaviva

In '95, Kagan Thought Nomination Process Was A 'Charade' - The Two-Way - Breaking News... - 0 views

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    In '95, Kagan Thought Nomination Process Was A 'Charade'
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