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He calculates $1 trillion could pave the entire U.S. interstate highway system with gold — 23.5-karat gold leaf. It could buy every person on the planet an iPod. It could give every high school student in the United States a free college education. It could pay off every American’s credit card. It could buy a Buick for every senior citizen still driving in the United States.
“As I started exploring, I was really taken aback by some of the things that can be done, both the absurd and the practical,” Simpson said.
America could the double the 663,000 cops on the beat for 32 years. It could buy 16.6 million Habitat for Humanity houses, enough for 43 million Americans…
It’s too recent to make Simpson’s list, but that $1 trillion could also have paid for the Bush administration’s financial bailout plan, with $300 billion to spare. It might not be enough, however, to pay for the war in Iraq. Nobel Laureate Joseph Stiglitz has recently upped his estimate of the war’s cost to $3 trillion.
Many have addressed this topic since it became clear the nutballs in charge were going to use 9/11 as the core of their new imperialism. Simpson has done it with a lot more humor and wit.
#33 hhopper, “A national sales tax would be the fairest for everyone. ”
I agree and most Repubs agree. Dems, on the other hand would rather die than have a fair tax like that.
#23 – Again, context. The sentence “he was challenging the class system, not the capitalist system” tells you why the move was important: The state of things at that time required a shift.
The state of things today requires a new shift. That’s why democracy and capitalism work so well together.
#25 – Same song, different verse. The context of the issue is what matters.
#26 – You sound angry: Don’t take it out on your shift key, moron.
#31 – For someone who’s side is about to win an election, you sure seem afraid. Why not post under your real name?
#32 – Negative, as I owned him in a subsequent reply prior to yours, while my own statement at the beginning of the article cannot be refuted. Besides, I’m the only one here good enough at this bullshit to declare victories. However, your worship is noted.
#33 – No argument from me on that one.
#34 – Because the left couldn’t pay off people as easy in a sales tax-based system. Well stated.
George Will has an interesting take on a National Sales Tax:
http://www.washingtonpost.com/wp-dyn/articles/A14401-2005Mar30.html
Along with Death Tax and matching Executive Pay to employee pay, and correcting minimum wage and illegal immigration, and exempting the necessities of life for poor folk, et c, sounds like a worthwhile experiment.
Any country try it yet?
#36 I spoke to Linder & Hastern about this once. The Dems opposed and the Repubs didn’t have a filibuster proof margin.
You’d have to boot most of the Dems from Congress before something sane like this could go through.
Did you guys read the same story I did? TFA wasn’t about war spending, except that one comment. It was about foreign aid. And that has been outrageous for years and had nothing to do with any 9/11 inspired imperialism.
It’s too recent to make Simpson’s list, but that $1 trillion could also have paid for the Bush administration’s financial bailout plan, with $300 billion to spare
http://tinyurl.com/56f6tx
This if funny!!!!
The government forces some of the major banks to take the money and then gets mad when they don’t use it they way they wanted.
Hah, hah. The Feds (yes Dems) forcing the banks to lend money when they didn’t want to is one of the primary causes of the current mess.
I guess its like FREE speech, this FREE market system. No one understands it, supports it, or actually wants to live with it–with lip service generously dolled out.
OK,
How many of you KNOW what the subject is??
ITS THE BAILOUT..
DEMS voted for it..
OBAMA was against it..
$700 billion for LOANS, which was BAILED OUT 15 years ago??
+ 300 BILLION in PORK…
LET THEM CRASH…DUMP the stock market and LET THE PRICES DROP..
#41 “OBAMA was against it.”
Really? Didn’t he vote for it?
#42 – O’Furniture
http://www.foxnews.com/story/0,2933,340332,00.html
#42, Yes, he did.
http://tinyurl.com/6kzn4m
Liberty,
HERES THE LIST FOR THE BILL..
OBAMA wasnt THERE..
http://projects.washingtonpost.com/congress/110/house/2/votes/681/
OBAMA was on the road, getting VOTES..
#45 Umm, you posted the HOUSE vote. Omama is a SENATOR….
ECA — have you been living in a cave or something?
Obailout and McBail both voted for the same bailout.
Perhaps you are thinking of a different bailout?
http://thomas.loc.gov/cgi-bin/bdquery/z?d110:h.r.1424:
Have you read this thing??
Only reason it PASSED was because of ALL THE ADDITIONAL PARTS…
http://projects.washingtonpost.com/congress/110/bills/h_r_1424/
A Mental health bill was added to it LAST.
Hows this part..
Title V: Additional Tax Relief and Other Tax Provisions – Subtitle A: General Provisions – (Sec. 501) Lowers in 2008 (from $10,000 to $8,500) the earned income threshold amount for determining the refundable portion of the child tax credit.
(Sec. 502) Amends Internal Revenue Code provisions relating to the tax deduction for domestic film and television productions to: (1) include within the income base for such deduction compensation for services performed in the United States by actors, production personnel, directors, and producers and any copyrights, trademarks, or other intangibles with respect to a film production; and (2) allow a deduction for partners or S corporation shareholders who own at least a 20% interest in a film project.
(Sec. 503) Exempts from the excise tax on bows and arrows certain shafts consisting of all natural wood that, after assembly, measure 5/16 of an inch or less in diameter and that are not suitable for use with bows that would otherwise be subject to such tax (having a peak draw weight of 30 pounds or more).
THIs is real interesting..
(Sec. 203) Disqualifies foreign-produced fuel that is used or sold for use outside the United States from the income and excise tax credits for alcohol, biodiesel, and alternative fuel production.
Lets say that a USA corp bring in oil, then sells it to Another country..INSTED of selling itin the USA..can you guess who got STUCK with the shipping and handling charges??
we could pay for medicare with the trillion also
#4,5,6,8
Pointless meets worthless – A match made in heaven