Yep, The Liberal Media At Work

I just took this from NBC's website opening page:

(I'm sure the lead will change thru-out the day.)

WHY BUDGET BATTLES ARE WORSE: IT'S YOU, BABY BOOMERS

"Many of the cuddly newborns of 1947 are now wrinkled retirees collecting the Social Security and Medicare benefits that were promised to them....

The budget standoff is partly the result of those Baby Boom and Baby Bust demographics and of Democrats’ belief in expansive government – best symbolized by President Lyndon Johnson’s creation of Medicare in 1965....

“Republicans enjoy a 33-seat margin in the U.S. House having endured Democratic successes atop the ticket and over one million more votes cast for Democratic House candidates than (for) Republicans,” noted a memo in January from the Republican State Leadership Committee, which organized the $30 million Redistricting Majority Project in 2010."

http://tinyurl.com/agjszyb


It's bad enough that nobody is reporting facts on the Republican's stand on the sequester when it was first debated in 2011. Or how they are adamant about not closing loop holes for the rich on taxes. Or how the Democrats have put forth bills to do away with it but these have been filibustered just like the jobs bills and the budgets. The Repubs do not want you to know that you can GOOGLE the President's plan at the White House website. These same right Wingers do not want you to learn the facts about SS or Medicare, just believe that YOU are the problem.

I know there are problems of all sorts....and right now all sides are yelling at each other.
But... it's just easier to blame those they think cannot fight back: one group is seniors (who have worked all their lives, would still work if someone would hire them, lost their retirement funds and stock portfolios, lost their home's value....the mainstay of their retirement plan, and who raised these idiots who now want to yank everything out from under their feet.).

Well, What Do You Know

Seems like there was some extensive economic research done earlier this year, and the findings were not exactly to the GOP's liking....so they had it suppressed. It's about time for those nasty old Bush tax cuts (Yes, I know: Obama extended them in a gesture of compromise to the Republicans. Wasted effort......) to come to an end. The GOP is having a tizzy, wanting to keep their gravy train in motion, and pushing their "austerity measures" on everyone else. And just like their presidential candidate Romney, if the facts don't fit your meme...change them...or at least try to keep them out of the limelight.

"The results of the analysis suggest that changes over the past 65 years in the top marginal tax rate and the top capital gains tax rate do not appear correlated with economic growth. The reduction in the top tax rates appears to be uncorrelated with saving, investment, and productivity growth. The top tax rates appear to have little or no relation to the size of the economic pie.

However, the top tax rate reductions appear to be associated with the increasing concentration of income at the top of the income distribution. As measured by IRS data, the share of income accruing to the top 0.1% of U.S. families increased from 4.2% in 1945 to 12.3% by 2007 before falling to 9.2% due to the 2007-2009 recession. At the same time, the average tax rate paid by the top 0.1% fell from over 50% in 1945 to about 25% in 2009. Tax policy could have a relation to how the economic pie is sliced—lower top tax rates may be associated with greater income 

disparities."

http://www.huffingtonpost.com/2012/11/01/congressional-research-service_n_2059156.html

It was also brought out that: "The richest Americans are the least likely to spend extra money they get as a result of a tax cut, and are more likely to save it or invest it offshore."

So much for the "tax cuts will help the wealthy business owners (who are under SO MUCH pressure and regulation right now) expand, invest, and create more jobs." We knew it was BS anyway.