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Pastimes : Discussion Thread -- Ignore unavailable to you. Want to Upgrade?


To: Oeconomicus who wrote (502)6/16/2008 12:04:30 PM
From: TimF  Read Replies (1) | Respond to of 3816
 
Obama at the margin
By TigerHawk at 6/13/2008 01:47:00 PM

Barack Obama plans to impose the 6.2% payroll Social Security tax on wage income over $250,000. I am blessed and grateful to earn more than that amount, but it does mean that the aggregate marginal tax rate on my wage income -- 35% federal income tax, 8.97% New Jersey income tax, 6.2% Social Security tax, and 1.45% Medicare tax -- would then exceed 51%. This is without taking into account Obama's plan to repeal the Bush tax cuts (which would move the federal income tax rate from 35% to 39%) or the impact of the higher Social Security taxes on my employer. By the time he is done the taxes on my wage income at the margin will be well north of 55%, again excluding the impact on my employer...

tigerhawk.blogspot.com



To: Oeconomicus who wrote (502)6/16/2008 12:09:44 PM
From: Broken_Clock  Read Replies (1) | Respond to of 3816
 
That's a common belief until you or someone you know gets crushed by the judicial system. Then reality sets in.



To: Oeconomicus who wrote (502)6/16/2008 1:26:28 PM
From: one_less  Respond to of 3816
 
Iran issue heating up...

"In Iraq there is a job to be done and we will continue to do the job and there will be no artificial timetable," Brown said.

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Bush embraces Britain's moves on Iran, Afghanistan
By DEB RIECHMANN,Associated Press

LONDON (AP) - President Bush, ending a weeklong trip abroad Monday, welcomed a Europe-led tightening of sanctions against Iran and a pledge from Britain to send more troops to increasingly violent Afghanistan.

The president and British Prime Minister Gordon Brown used a joint news conference to show solidarity on an array of vexing foreign policy matters - chiefly Iran, Iraq and Afghanistan. Bush dismissed reports he had differences with Brown on Iraq, where Britain has cut its troops.

"I have no problem with how Gordon Brown is dealing with Iraq," Bush said. "He's been a good partner."

The two leaders, both weakened by low public approval, traded compliments and emphasized common stands on such other global problems as Zimbabwe, Myanmar and Darfur and a stalled world trade pact. They then headed to Belfast, Northern Ireland for Bush's final stop in Europe.

In London, the prime minister was ready with twin announcements that helped buoy Bush's position.

Brown said Britain was urging - and that Europe "will agree" - to impose further sanctions on Iran because of its refusal to halt the uranium enrichment that could be used for nuclear weaponry. He was referring to expected action from the European Union to freeze the foreign assets of the biggest bank in Iran, the Bank Melli, and to move ahead with fresh sanctions against Iran on oil and gas.

Brown also he announced that Britain was sending more troops to southern Afghanistan, upping London's commitment to the highest level ever.

On Iran, he used almost the identical language that Bush has chosen in trying to build world pressure against Iran. The United States and other Western nations fear Iran is pursuing uranium enrichment as means to develop nuclear weaponry, a charge the Tehran government denies.

"I will repeat that we will take any necessary action so that Iran is aware of the choice it has to make - to start to play its part as a full and respected member of the international community, or face further isolation," Brown said. He said Britain was starting a new phase of sanctions on oil and gas.

Britain's new deployment of about 230 engineers, logistical staff and military trainers to Afghanistan will boost the number of British forces in the country to more than 8,000, most based in Helmand province in the south.

Brown showed no distance from Bush on the strategy in Iraq. The prime minister said he would not order an arbitrary withdrawal of the 4,000 remaining British troops until the task is done, and there would be no trade-off by moving troops out of Afghanistan.

"In Iraq there is a job to be done and we will continue to do the job and there will be no artificial timetable," Brown said.

Britain has 4,000 troops remaining in Iraq on the outskirts of Basra. British forces withdrew from their base in Basra's city center last year and began to focus only on training Iraqi security forces. Britain suspended plans to remove another 1,500 troops after fighting broke out in Basra in March - a development Bush highlighted Monday as a positive sign that Brown would only yank out troops as conditions merited.

Questioned about his own reflections on Iraq, Bush offered no apologies.

He said that history will judge how the United States waged the war - whether more troops should have been deployed and whether they should have been positioned differently. But he said he had no doubts about deposing Iraqi leader Saddam Hussein. "Absolutely it's necessary," the president said.

Bush also chided leaders of other major industrialized nations for not fully keeping their promises to funnel aid into Africa. He said his message at next month's summit of the Group of Eight industrialized nations in Japan will be: "Just remember, there are people needlessly dying on the continent of Africa today, and we expect you to be more than pledge-makers. We expect you to be check-writers for humanitarian reasons."

The president, without getting specific, said the United States can help calm mounting tensions between Afghanistan and Pakistan.

He spoke sympathetically of the conditions that led Afghanistan President Hamid Karzai to threaten to send troops into Pakistan as a means to target terrorists. But he stopped short of endorsing any such cross-border incursion.

"Obviously, it's a testy situation there," Bush said. "And if I'm the president of a country and people are coming from one country to another - allegedly coming from one country to another - to kill innocent civilians on my side, I'd be concerned about it."

In the brutal standoff in the African nation of Zimbabwe, Brown called on President Robert Mugabe to allow a United Nations human rights envoy as well as election monitors to enter the country. "Mugabe must not be allowed to steal the election," he asserted.

Mugabe faces opposition leader Morgan Tsvangirai in a June 27 presidential runoff. Opposition supporters say they have been arrested, burned out of their homes, beaten and killed. Diplomats trying to investigate the violence have been harassed by police.

Bush praised the prime minister's strong words and said the U.S. would work with Britain to try to achieve fair elections.

In Belfast, Bush's motorcade winded through the countryside to Stormont Castle, a stone structure built in the 1830s that houses the offices of Northern Ireland's first minister Peter Robinson and deputy first minister Martin McGuinness.

"I'm impressed by the progress that is being made toward peace and reconciliation - in fact the world is impressed," Bush said outside the castle, standing with the two men after their private talks. He had come mainly to hail Northern Ireland's Catholic-Protestant administration.

Bush said the three leaders covered a host of issues, including the devolution of police and justice powers and a recent investment conference. He said the power-sharing deal, after years of violence, has drawn the attention of societies around the world that wonder if reconciliation is possible for them.