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Political Roundtable/Black hole of doom Part Deux

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Re: Political Roundtable/Black hole of doom Part Deux 

Post#61 » by Ruzious » Thu Apr 7, 2011 10:31 pm

Wizardspride wrote:Donald Trump was just interviewed on CNN by Suzanne Malveaux and it's official: He's lost his mind.



MUST SEE INTERVIEW!





http://www.cnn.com/video/?utm_source...ma.citizen.cnn

Oh lord. "99% of what The Donald is about" is a power trip.
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Re: Political Roundtable/Black hole of doom Part Deux 

Post#62 » by montestewart » Thu Apr 7, 2011 11:51 pm

nate33 wrote:Thanks Wizardspride. Like I said, I haven't followed the issue very closely.

I used to have a very old mimeographed certified copy of my original Washington DC birth certificate. I've never seen the original. I misplaced the certified copy, along with my S.S. card, and having an expired license and passport, I figured that I would need a new copy of the birth certificate to get all the others. As it turned out, I didn't because the DMV accepted some of the expired IDs as proof of identity, but when my new birth certificate arrived, it looked nothing like the original (which I eventually found) and seemed to indicate that the District no longer possessed the original, even as a facsimile. When I heard some of the arguments regarding the Obama certificate, they sounded like they could be used to argue that I wasn't born in the U.S. The arguments never seemed solidly based on a sound understanding of Hawaiian regulations, policies, and procedures regarding birth records. They sound much more like one huge red herring.
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Re: Political Roundtable/Black hole of doom Part Deux 

Post#63 » by Wizardspride » Fri Apr 8, 2011 1:24 am

nate33 wrote:Thanks Wizardspride. Like I said, I haven't followed the issue very closely.

Nate, here's more info on Obama's birth certificate.

http://www.factcheck.org/elections-2008 ... e_usa.html

President Donald Trump referred to African countries, Haiti and El Salvador as "shithole" nations during a meeting Thursday and asked why the U.S. can't have more immigrants from Norway.
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Re: Political Roundtable/Black hole of doom Part Deux 

Post#64 » by willbcocks » Fri Apr 8, 2011 2:06 am

Anyway else work for the government? I'm in training and we're waiting to see if we have to go in monday to pick up our furlough letters.
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Re: Political Roundtable/Black hole of doom Part Deux 

Post#65 » by Halcyon » Fri Apr 8, 2011 2:15 am

I work for a contractor that works primarily with the government. I don't think I'm affected because of the nature of my work but some of my co-workers will be. We're getting some sort of explanation tomorrow on what is going on.
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Re: Political Roundtable/Black hole of doom Part Deux 

Post#66 » by Wizardspride » Fri Apr 8, 2011 2:29 am

willbcocks wrote:Anyway else work for the government? I'm in training and we're waiting to see if we have to go in monday to pick up our furlough letters.

I work at State and we're pretty much in limbo....at least for a few more hours.

President Donald Trump referred to African countries, Haiti and El Salvador as "shithole" nations during a meeting Thursday and asked why the U.S. can't have more immigrants from Norway.
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Re: Political Roundtable/Black hole of doom Part Deux 

Post#67 » by willbcocks » Fri Apr 8, 2011 2:39 am

Wizardspride wrote:
willbcocks wrote:Anyway else work for the government? I'm in training and we're waiting to see if we have to go in monday to pick up our furlough letters.

I work at State and we're pretty much in limbo....at least for a few more hours.


I feel you, I'm at state too and the best guidance we have so far is to watch the news.
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Re: Political Roundtable/Black hole of doom Part Deux 

Post#68 » by hands11 » Fri Apr 8, 2011 4:08 am

Severn Hoos wrote:
hands11 wrote:How about this for common sense?

End the mortgage deductions for people personal homes. That is all part of overvaluing properties.
End property taxes for personal homes. You can keep them for commercial properties I guess.
Collect the money you need for the state with state taxes

End the child credits
Tax people who sent their kids to public schools
Don't tax those who want to send them elsewhere

It makes no sense to me that a renter with kids is not contributing to the funding of those schools and it makes no sense that someone that owns a house with no kids is.

It also makes no sense to give those that get mortgages for their own a tax write off. This only inflates the house prices and put more money in the banks pockets instead of the government.

The workforce would actually be more mobile is they rented instead of owned.


Hmm, interesting set of proposals, hands. Kinda all over the map politically - enough to make everyone happy, or enough to tick everyone off, depending on how you look at it.

First, ending mortgage deductions AND property tax: Not so realistic, since one is Federal and the other state/local. Probably a decent trade for homeowners, but my hunch is that it would result in a net reduction in tax revenue. Wonder if it'd be an easy find to compare the two totals. Still - you could end the Federal deduction and have no guarantee that the states cooperate, so not sure I'd want to take that risk personally.

"Collect the money you need for the state with state taxes" I assume you mean ending transfers from Federal to state governments? I know it's popular to say that Red states take more from the fed. govt than they pay in, but I bet you'd find a lot of support for that proposal among the knuckle-dragging tea party crowd. I'd sign up for it.

"End the child credits - Tax people who sent their kids to public schools - Don't tax those who want to send them elsewhere"

Hmm, is that a school choice proposal? Again, you'd have lots of support from the Right on that one. I do get tax credits for my 4 kids, but then I don't feel bad about claiming them, if only because we're helping to keep the inverted pyramid Ponzi scheme they call Social Security going. (That's a joke, folks. Sort of.) Now, having said that - there's a pretty compelling argument (via Milton Friedman) that educating children has a significant positive neighborhood effect, and thus justifies asking (i.e., compelling) all members of society to contribute to their education.

But you touch on a different point, in that it's a positive effect for all members, not just homeowners. OF course, renters still end up paying taxes via higher rents if the Landlord has to pay the taxes anyway, so ultimately it's a wash. What really doesn't make sense in that argument, however, is that the benefit is not limited to children educated via the Public schools. Society benefits just as much if that child is educated in a private school as in a public school, maybe more. And especially if that child can receive a better education at lower expense, there's no rationale for not allowing - and even encouraging - school choice.

I agree that the government shouldn't be blindly encouraging home ownership for its own sake, but you almost sound like you'd prefer the government to discourage home ownership. Don't think I'd go there, but definitely don't want to see any more of quasi-governmental agencies helping people get into homes that they can't afford....


Thanks for you well thought out reply. Almost to much for me to get my head around and good stuff to get one thinking. Maybe I wrote to much but if your up for it, give it a read.

First, this really cracked me up.

" Hmm, interesting set of proposals, hands. Kinda all over the map politically - enough to make everyone happy, or enough to tick everyone off, depending on how you look at it. "

Yeah. I find that kind of thinking to be a gift in some ways because I can find some common ground with most people but it can be a pain not fitting in nicely with a defined group. I have found that once you start to lock yourself into one ideology, you are going to end up missing the right solutions. I believe in capitalism and socialism and libertarianism. I think that is what the founding father I most respected believed in also.

My policy idea are based in trying to balance need with fairness with what is best for the economy and justice. I'm sure a lot of people feel that way about their ideas though. But the post you replied to was me trying to do that. I just feel the way things are currently is out of balance for many reasons and I think the evidence of our situation makes that clear. So on the mortgage topic, I say this.

Home prices and the resulting mortgages are higher than fair value as a direct result of the government subsidizing them via interest write offs to avoid paying taxes at an equable level to an equal income earner. The interest write off makes home owners active participants in a dysfunctional economy that creates asset bubbles based on over leverage/credit card ( debt spending ) The banks don't care because they get to offer higher mortgages and collect more interest. Why would we want banks to make this extra revenue on the backs of tax dollar not collected by the government when compared to another citizen who is renting ? And even if you are simply comparing home owner to home owner, this policy makes home prices more expensive to those who don't want to barrow money from the banks but instead want to pay cash for their properties. It creates an incentive for going into debt which is the exact wrong thing we need for a stable economy. If anything, give people a tax write off on the interest in their saving accounts. Then the banks will have more deposits to make proper loans when needed and people will make their own money to purchase homes that are fairly valued.

If anything, tax incentive policies should lead people to share the burden of a goal that would benefit the country as a whole. Lets say, getting a tax write off to purchase a new vehicle that gets awesome gas mileage and pollutes less because that downstream cost in natural resources, wars, cleaning up the environment, health issues, etc cost the government more than the tax incentives. In the end, you save money and create jobs in a emerging industry which creates a larger tax base. Whoever says government never created a job has no idea what they are talking about. Our government has been key to this countries unique success in so many ways from economic to social prosperity. Sadly, with the wrong politicians and policies, it can be destructive also.

Any back to mortgages. This policy doesn't do that. Instead it, inflates housing prices. It picks home owners over renters when in a tight economy, mobility is very important to get people to the locations that fit the job demand or even the housing they can afford. The supply and demand flow is much better if people are not stuck in homes.

Then consider the bubbles like we just had. The over inflated home prices were just another way of trying to grow our way into a balanced budget with a tax structure that does not collect enough for the services people want. So make people feel rich for doing nothing more than taking on a mortgage. Let them spend every dime they make and then some. I saw houses in downtown Silver Spring go up $100,000 a year for 3 straight years. REALLY. That is more than most people would have saved in a life time if they saved and invested wisely in a normal market. But way bother. We will give you a housing bubble so everyone can be rich by doing nothing more that buying a home. And for kickers, we won't create any new jobs and the government will double it's national debt while it is happening. Now when the market crashes, whos tax dollars are paying more for the bailing out. The ones who paid more and are still paying more in taxes, that didn't/don't get the write offs. Not very fair. The people that participated in creating the bubble get to enjoy the big houses, the refinancing to get their BMW and then when it crashes, they still aren't paying as much in taxes than an equal income earner who rents that didn't even partake in the problem to begin with. Anyone who has uttered the government shouldn't pick winner and looser that supports this stuff is full if it. The policies of profits are yours but loses are ours has to stop. For home owners, banks, Wall Street. Everyone.

Add to this another disadvantage, the advantage of this deduction is an exponential benefit to richer people and it lends to them buying even more expensive house - exponentially. Why? The more you make, the higher your tax bracket, the better your deduction.

When you consider all these effects, the home deduction is a terrible economic policy that blots the system, fools people into taking unnecessary risk when things are good and fools them into thinking they are richer than they are when housing is on a run. The bigger the run, the more they get fooled. And all the while, the banks win and then win again. This is what we just saw.

All that said, I see no reason home owner should be penalized with property taxes or why those taxes should be used to fund things like the school. If you argue the public schools are in everyone interest like roads, then collect that money via state taxes or even federal taxes. If an educated workforce benefits employers, then you better damn sure make corporation pay some damn taxes. Personally, I don't think it is in my best interest to pay for other people kids education. I think you should and/or corporations should but it shouldn't be from property taxes. You own the home and property, it should be yours.

Taxes should not advantage or intensive people to purchase homes or have kids they can't afford and it damn sure shouldn't line the pockets of banks in the process, help create housing bubbles, and help lead to tax policies that don't collect enough money and help get people that need to be mobile stuck in upside down homes.

And if you want to have one income earner so one can stay home and raise your kids and home school or send your kids to private school, you shouldn't have to pay into the public school system. It can be funded in other ways that are more fair. Guess that is the libertarian side of me. :) But a damn sure believe in taxing the riches 2% more before cutting food stamps, closing the corporate loop holes and regulating thing and funding to enforcing those regulation. Food, financial markets, etc. Like you said. Enough for everyone to find something they like and something they hate. :)
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Re: Political Roundtable/Black hole of doom Part Deux 

Post#69 » by hands11 » Fri Apr 8, 2011 4:25 am

nate33 wrote:
Wizardspride wrote:Donald Trump was just interviewed on CNN by Suzanne Malveaux and it's official: He's lost his mind.



MUST SEE INTERVIEW!





http://www.cnn.com/video/?utm_source...ma.citizen.cnn

It's really a fascinating situation. Trump isn't a GOP insider, he's not part of the Tea Party, and he doesn't travel in the circles of other conservative leaders and opinion makers. He's is a fairly popular and successful guy with an independent reputation. He has a lot to lose if he gets labeled as a "birther" yet he is still leading the charge.

I just don't see a cynical political angle. His base is independents. He'll never really capture the core of the conservative voting block. If he comes out two weeks from now and declares, "I've researched this to the best of my ability and have concluded that Obama was in fact born in the U.S.", he'll still have discredited himself among independents and moderate liberals. If he concludes that Obama wasn't born in the U.S., it's unlikely that he'll ever truly prove it and will have discredited himself among independents and moderate liberals without really ingratiating himself to conservatives.

Basically, I think the guy honestly believes this. It's the only explanation for what he is doing.


I haven't really followed this issue. Is what he is saving about the Certificate of Live Birth true? Can you not even get a driver's license with one? And what was that comment he made (not in that video) about Obama spending $2M in legal fees to prevent his birth certificate from being released? Is that true? And if so, what is the justification?


How about this one. He makes a boat load based on name recognition and he is getting a ton of free advertising by doing what he is doing. You ever heard of Sarah Palin ? Trump isn't going to run. America would not elect someone like this. He is just in it for the free publicity and the money that follows.
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Re: Political Roundtable/Black hole of doom Part Deux 

Post#70 » by dobrojim » Fri Apr 8, 2011 4:40 am

NIHer here. Looks like tomorrow could be it for who knows how long.

OK, pubs. Don't like one nobel winning economist. How 'bout
this nobel winning economist. Truth.

http://tinyurl.com/3ffrao4

Stiglitz touches on nuclear power among other things...

[paraphrase]

"The nuclear industry has NEVER been commercially viable in this country.
They exist on the backs of a government ie tax payer sponsored liability insurance.
If they had to buy their own insurance, bear the risk of their own business,
they would be out of business"


part 2 of the interview

http://tinyurl.com/3dy2x78
"We don't do a good job at assessing the risk of supposedly low probability
events (applies to nuclear power and the financial market speculation)
because the people low-balling the risk assessment stand to make
ENORMOUS profits by underestimating the risks."
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Re: Political Roundtable/Black hole of doom Part Deux 

Post#71 » by nate33 » Fri Apr 8, 2011 12:11 pm

hands11 wrote:How about this one. He makes a boat load based on name recognition and he is getting a ton of free advertising by doing what he is doing. You ever heard of Sarah Palin ? Trump isn't going to run. America would not elect someone like this. He is just in it for the free publicity and the money that follows.

I considered that, but I don't think it makes sense. Trump is already popular. Everyone already knows who he is. All this stunt does is alienate him from half the population.
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Re: Political Roundtable/Black hole of doom Part Deux 

Post#72 » by Zonkerbl » Fri Apr 8, 2011 12:46 pm

willbcocks wrote:Anyway else work for the government? I'm in training and we're waiting to see if we have to go in monday to pick up our furlough letters.


We haven't gotten guidance yet. Latest I heard we may have to show up Monday morning and hand in our blackberries. I was like "but I don't have one" and the guy shrugged.
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Re: Political Roundtable/Black hole of doom Part Deux 

Post#73 » by Zonkerbl » Fri Apr 8, 2011 12:57 pm

There's no definition of what "natural born citizen" means.

If you are born in, say, Panama, like John McCain was, but one of your parents is a U.S. citizen, then you are a citizen. If that is not a "natural born" citizen then John McCain is not a natural born citizen.

Obama's mom is a U.S. citizen. End of argument. The rest really does not matter. I've had to explain this to Tea Partiers on the metro twice already, it's really getting tiring.
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Re: Political Roundtable/Black hole of doom Part Deux 

Post#74 » by DCZards » Fri Apr 8, 2011 2:28 pm

nate33 wrote:
hands11 wrote:How about this one. He makes a boat load based on name recognition and he is getting a ton of free advertising by doing what he is doing. You ever heard of Sarah Palin ? Trump isn't going to run. America would not elect someone like this. He is just in it for the free publicity and the money that follows.

I considered that, but I don't think it makes sense. Trump is already popular. Everyone already knows who he is. All this stunt does is alienate him from half the population.


I agree with hands that Trump likely won't run...and if he does he wouldn't be nominated by the Repubs. While Trump is obviously already well-known, I don't think he's "already popular."
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Re: Political Roundtable/Black hole of doom Part Deux 

Post#75 » by DCZards » Fri Apr 8, 2011 2:32 pm

Zonkerbl wrote:There's no definition of what "natural born citizen" means.

If you are born in, say, Panama, like John McCain was, but one of your parents is a U.S. citizen, then you are a citizen. If that is not a "natural born" citizen then John McCain is not a natural born citizen.

Obama's mom is a U.S. citizen. End of argument. The rest really does not matter. I've had to explain this to Tea Partiers on the metro twice already, it's really getting tiring.



Good point, zonker. My American buddy has a 7 year-old son who was born in the Dominican Republic to a Dominican woman. His son, who now lives with my buddy in Maryland, has always been considered an American citizen.
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Re: Political Roundtable/Black hole of doom Part Deux 

Post#76 » by nate33 » Fri Apr 8, 2011 2:51 pm

DCZards wrote:I agree with hands that Trump likely won't run...and if he does he wouldn't be nominated by the Repubs. While Trump is obviously already well-known, I don't think he's "already popular."

Whether you want to call it popular or well-known, my point still stands. This "birther" strategy makes more enemies than it does friends, particularly for a guy who's natural base would be centrist populists as opposed to hard-core conservatives. If Trump wishes to remain popular (whether for TV ratings or votes), this move makes no sense.
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Re: Political Roundtable/Black hole of doom Part Deux 

Post#77 » by dobrojim » Fri Apr 8, 2011 4:18 pm

written version of Stglitz' take on 'where we are and what to do'

http://www.vanityfair.com/society/featu ... ent-201105

It’s no use pretending that what has obviously happened has not in fact happened. The upper 1 percent of Americans are now taking in nearly a quarter of the nation’s income every year. In terms of wealth rather than income, the top 1 percent control 40 percent. Their lot in life has improved considerably. Twenty-five years ago, the corresponding figures were 12 percent and 33 percent. One response might be to celebrate the ingenuity and drive that brought good fortune to these people, and to contend that a rising tide lifts all boats. That response would be misguided.


Economists long ago tried to justify the vast inequalities that seemed so troubling in the mid-19th century—inequalities that are but a pale shadow of what we are seeing in America today. The justification they came up with was called “marginal-productivity theory.” In a nutshell, this theory associated higher incomes with higher productivity and a greater contribution to society. It is a theory that has always been cherished by the rich. Evidence for its validity, however, remains thin. The corporate executives who helped bring on the recession of the past three years—whose contribution to our society, and to their own companies, has been massively negative—went on to receive large bonuses. In some cases, companies were so embarrassed about calling such rewards “performance bonuses” that they felt compelled to change the name to “retention bonuses” (even if the only thing being retained was bad performance).


Some people look at income inequality and shrug their shoulders. So what if this person gains and that person loses? What matters, they argue, is not how the pie is divided but the size of the pie. That argument is fundamentally wrong. An economy in which most citizens are doing worse year after year—an economy like America’s—is not likely to do well over the long haul. There are several reasons for this.


When you look at the sheer volume of wealth controlled by the top 1 percent in this country, it’s tempting to see our growing inequality as a quintessentially American achievement—we started way behind the pack, but now we’re doing inequality on a world-class level. And it looks as if we’ll be building on this achievement for years to come, because what made it possible is self-reinforcing. Wealth begets power, which begets more wealth.


I think you get the point. I don't see how anyone can defend this.
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Re: Political Roundtable/Black hole of doom Part Deux 

Post#78 » by nate33 » Fri Apr 8, 2011 4:30 pm

What bothers me is the blaming of "corporate America" rather than put the blame squarely where it belongs: in the financial sector and the corrupt politicians who support it (both Dems and Reps).

The wealth disparity issue would have looked much better if the government would have butt out in 2008 when the crash happened. All the over-leveraged fat cats would have been wiped out while the mostly non-investing middle class wouldn't have born nearly as much of the brunt. Instead, the government (bribed by the financial industry) stepped in and bailed everybody out while printing money (giving it to the banks first) in attempt to inflate away the debts via currency devaluation. That increased the price of commodities and the pain of the price increase is felt proportionately more by the lower and middle class.
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Re: Political Roundtable/Black hole of doom Part Deux 

Post#79 » by dobrojim » Fri Apr 8, 2011 4:36 pm

You could start with the financial sector but I don't think it stops there.
The guys at the top are massively overpaid in virtually every sector outside
of the public sector anyway. In that sector, the pay comes for the top guys when
they start using the revolving door after they leave govt service.
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Re: Political Roundtable/Black hole of doom Part Deux 

Post#80 » by nate33 » Fri Apr 8, 2011 4:45 pm

dobrojim wrote:You could start with the financial sector but I don't think it stops there.
The guys at the top are massively overpaid in virtually every sector outside
of the public sector anyway where the pay comes for the top guys when
they start using the revolving door after the leave govt service.

You won't make a dent in the wealth disparity issue by going after income. You have to go after wealth. I have a fundamental objection to taxing wealth because that's simply theft (and it also leads to capital flight), but I have no problems at all in standing by idly while the wealthy watch their savings disappear due to overleverage and inattention to risk.

If, instead of bailing out AIG, Fannie Mae and the other banks, we would have done nothing but shift additional funds into the FDIC, lots of rich people would have been wiped out, the taxpayers wouldn't have taken the hit, inflation wouldn't have kicked in, and the ordinary citizen with $100,000 or less in their bank accounts would have been protected. Homeprice would have dropped. Banks would have been forced to renegotiate new loan arrangements as people threaten to default on mortgages. It would have been ugly for a while, but a new equilibrium would have been restored with the wealthy bearing most of the brunt of the loss.

It's going to happen anyhow. All of this perceived wealth that people think they have is a fantasy because it all based on GDP growth that won't happen because we can't continue to borrow at this rate. The "savings" will not be there when people think they're going to retire on it. We're setting ourselves up, at best, for a Japanese style stagnation that'll last 20 years or more. At worst, we'll experience a hyperinflationary collapse.

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