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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (401032)	7/23/2008 2:07:25 PM
From: i-node	Read Replies (1) \| Respond to of 1576400

>> So I'm sure you can pardon me if I don't shed a tear for the banks I feel the same way. I believe the banks set themselves up for this. Honestly, I also differ with most conservatives about the credit card companies, as well -- I believe they are scamming the system and taking advantage of people who can least afford it. The bankruptcy bill a few years ago was a travesty, in my view, as it was the only real "check and balance" against issuers taking advantage of people -- when the banks were exposed on the bankruptcy potential, they were motivated to be more judicious. Now there is no reason for them not to try to ensnare anyone they can.

To: Tenchusatsu who wrote (401032)	7/23/2008 6:24:49 PM
From: bentway	Respond to of 1576400

$2.8 Trillion — The Gap Between What McCain Promises On The Stump And What His Advisers Say In Private thinkprogress.org Senator John McCain has been offering opposing policies to different audiences. In its last report on the candidates’ tax plans, the Tax Policy Center had focused on a series of private assurance from the campaign. Today, the Tax Policy Center surveyed what McCain tells the public. It was not pretty. On a series of tax proposals, from eliminating the Alternative Minimum Tax to allowing the full expensing of all business, McCain has promised more expansive and expensive versions to crowds and on his website, while his advisers reassure tax and budget experts with relatively cheaper, phased-in proposals. Now, the Tax Policy Center has put a price tag on the gap between McCain’s rhetoric on the trail and his adviser’s private e-mails: $2.8 trillion. Earlier this year, the Tax Policy Center did an analysis based on private correspondences with the McCain campaign staff and advisers. But in a revision of their analysis they found that if they did an analysis based only on public statements and publicly available text on their website, his tax plan would cost an additional $2.8 trillion over ten years. That’s over “two-thirds more than the plan described by McCain’s campaign staff.” Read the full analysis here. McCain’s public plan is even more skewed towards the rich than his adviser’s plan is, with the richest .1% of Americans earning “twice the tax cut that they would get under the more modest plan outlined by Senator McCain’s economic advisers.” In addition, the Tax Policy Center points out that the public version of McCain’s plan “would add enormously to the public debt,” making his public plan to balance the budget require “a radical and unprecedented downsizing of government.”