Raising the dept ceiling

Okay, raising the dept ceiling is going to be MAJOR news over the coming months. The media will cover the vote to raise the dept ceiling more than at all other times in history combined. It makes you wonder, when was the last time that this was done? Under Johnson? Truman? Has a Republican ever raised the dept ceiling? Did George Bush ever do it? I want to know what you know. Vote or provide comments.

Top 10 Reasons to Listen to Majorty.FM

10. Hearing Sam relive his movie-star days
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Did the stimulus work?

Okrent's law...memorize it!

Okrent's law: The pursuit of balance can create imbalance because sometimes something is true.

Every member of the mainstream media needs to pin this on their office wall so they will be reminded of it daily. The false equivelancy in media reporting has gotten to the point where the truth continues to get ignored.


Who is Okrent?: http://en.wikipedia.org/wiki/Daniel_Okrent

2012 Policy: Democratic Tax Rebate

No matter how much they impacted the deficit (roughly 30% of the annual deficit by Congressional Budget Office estimates, or $700 Billion over two years), no matter how much American's didn't want all of them to be extended (see recent Pew poll), no matter how disproportionately they benefit the wealthy, the Bush tax cuts--including those for millionaires and billionaires--have been extended for two more years.

It's a done deal for now. However, I have a suggestion that would help the Democrats politically in 2012 and, more importantly, would help ensure an end to the huge tax cuts for the wealthy. The extended Bush tax cuts result in about $3,000 annually per person across the county. This is an average of >$100,000 annually for the richest Americans and less than $3,000 for much of the middle and lower class (see link for details).

When 2012 rolls around, this is what the Democrats should propose as legislation and promise the American people in campaigns: every American, rich or poor, will get a tax rebate check of $2,500 for each of the next two years. Not only will this evenly spread the benefit across all Americans, but it will also cut the deficit by about $150 Billion dollars! That's right, much of the middle and lower class will get more money and we will still reduce the deficit. That's because the wealthy won't disproportionately benefit this time around.

Republicans will hate this proposal, but it would be a huge winner with the American people. Obama and congressional Dems should go to the people with this proposal in 2012. It will be a winner on numerous accounts.

The Bush Tax Cut Extension Bill Will Never See the Light of Day

Never fear liberals, there is NO WAY that the Bush tax cut bill is going to pass. "What's that?," you say, "Obama and Republican leaders have struck a deal extending all of the Bush tax cuts, including those for millionaires and billionaires." True, Obama and Republicans have struck such a deal, but when the Tea Party hears about this, it's history! The Tea Party has rallied for almost two years against deficits. The deficits that Bush began and Obama has continued have been public enemy number one for them. And the Bush tax cuts are responsible for about 30% of those deficits. Combined with the fact that Republicans would be voting for such socialist Obama policies as extension of the Obama tax cuts from the Stimulus Bill (roughly 40% of the $700B Stimulus), extension of unemployment benefits for 13 MONTHS, tax cuts to encourage green energy, and aid for college students--ALL UNPAID FOR. The tax cuts, combined with these socialist endeavors, will cost at least 1/2 TRILLION dollars annually in deficits, to be paid for later by our children. Anyone that knows anything about the Tea Party will know that there is NO WAY that they will stand for this. Therefore, the bill is Dead On Arrival!

Of course I'm being entirely sarcastic; these tax cuts are going to pass. But the point is that while it is idiotic for Democrats to go along with the tax cuts, it is just as idiotic for Republicans to push this bill, which will increase the deficit in order to extend tax cuts that massively increase the deficit. I know the Tea Party hasn't proven to be particularly intelligent, but in the off-chance that they actually figure out that two plus two equals four, the GOP might just find themselves in a world of hurt. This bill is EVERYTHING that the tea party campaigned against for the last year and a half.