Posts Plagerized from Patti

"With the Tax Cuts Extended, Top 1 Percent of Households Would Receive Almost $1.2 Trillion in Tax Benefits"

Congress can pass tax policy that benefits all of us -- not just the richest 1%. Bush's tax cuts, that mostly benefit the richest 1%, are set to expire in 2010. If Congress doesn't let these Bush tax cuts expire, then according to the Center on Budget and Policy Priorities:

"Nearly $1.2 trillion in tax cuts would go to the top 1 percent of households, a group with annual incomes above $450,000 in 2008. The highest income 1 percent of households thus would receive nearly one third of the tax cuts’ total value."

AND "Putting the Cost of the Tax Cuts in Context"

"When the tax cuts are fully in effect, the cost of the tax cuts going to the very highest income households will be greater, in today’s terms, than the amounts spent on various high-priority programs.

In 2007 terms, the cost of tax cuts for households with annual incomes above $1 million will exceed what the federal government spent last year on K-12 and vocational education. It similarly will exceed the federal resources dedicated to hospital and other medical care for veterans, as well the resources provided for medical research conducted by the National Institutes of Health (see Figure 1).

The cost of tax cuts for the highest-income 1 percent of households will exceed the entire 2007 budget of the Department of Education. It similarly will exceed the entire 2007 budget of the Department of Veterans’ Affairs. And it will be greater than the combined budgets of the Departments of Housing and Urban Development, Energy, and State."

Read:Aviva Aron-Dine

THE SKEWED BENEFITS OF THE TAX CUTS

Why the rich are rich and the poor are poor

Or, Poor people wrecked the economy and now we have to spend all of this money bailing out Citigroup. Read Steve Clifford

“We finally found the W.M.D.” They were buried in our own backyard — subprime mortgages and all the derivatives attached to them -- Thomas L. Friedman

Friedman warns us:

"...You should be saving your money. You should be home eating tuna fish. This financial crisis is so far from over. We are just at the end of the beginning. Please, wrap up that steak in a doggy bag and go home.”

Read Thomas L. Friedman

Fact Check: Dems claiming your IRA and Slugs Bite

Check out those chain e-mails: Are the Dems going to take over your IRA (or what's left of it)? NO. And the facts are HERE

& Of course, slugs don't bite. These have curled themselves into terrified slug fetus positions -- but they quickly recovered their confident manner.

Check out this stuff. Go to Factcheck.org for political fact checking.
You can, if you want, check out The European red slug, Arion rufus L at OSU

(No slugs were injured during the production of this photo.)