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  1. HM2VikingRN

    Occasionally intervention works....

    GM's new stock hits the road at full speed - Business - The Buffalo News GM is back on the road. While the 50 BN bailout was no small number we did end up indirectly saving billions of dollars that were not paid out in food stamps or unemployment compensation through directly preserving jobs at GM. (Along with indirectly preserving jobs at parts suppliers etc.) Treasury is on track to recoup 25 billion in the short run and possibly all of the bailout funds if underlying performance of the company remains strong.
  2. HM2VikingRN

    Jobless benefits bill fails in House of Representatives

    [YOUTUBE] [/YOUTUBE] A Hedge Fund Republic? - NYTimes.com
  3. The Dream Act isn't a "handout." It merely extends in state tuition status to these students. Most of these kids have been here since they were young children. We have already planned for their participation in our education system. Idea of the Day: Senate Should Move Forward with the DREAM Act http://www.nilc.org/immlawpolicy/DREAM/dream-bills-summary-2010-09-20.pdf These requirements are pretty tough. Many of our "native born" kids could not meet these standards. I think we will be healthier as a society if we take steps towards rational immigration reform.
  4. HM2VikingRN

    Who would really cut your taxes?

    yvw.... Frankly I think small businesses are hurt by regressive taxation strategies as tax burdens are shoved down onto the backs of the middle class by regressive sales/property taxes there is less disposable income available to feed the demand that small businesses need to thrive. Progressive taxation feeds the demand side more effectively....
  5. HM2VikingRN

    Jobless benefits bill fails in House of Representatives

    New Poll Finds Huge Support to Continue Unemployment Insurance Programs as Nov. 30 Deadline Nears | unemployedworkers.org I guess we know who their real constituents are....
  6. HM2VikingRN

    Who would really cut your taxes?

    when i spoke of the very top i am talking about the fortunate 400 (defined as the top 1% of the economy) not your individual situation. at a macro level the fortunate 400 control around 40% of the wealth of the us. as i was pointing out progressive taxation provides incentive for productive investment. as a process it rewards active investment behaviors over passive investment behaviors. frankly i think small businesses are hurt by regressive taxation strategies as tax burdens are shoved down onto the backs of the middle class by regressive sales/property taxes there is less disposable income available to feed the demand that small businesses need to thrive. http://www.alternet.org/economy/60217/?page=entire i respect your decision to open a business. (your retirement savings were not chicken feed in any sense of the word. ) businesses are generally started because people believe that they will receive a greater long term reward for that behavior over another behavior. i sincerely hope that you and your husband succeed in your endeavors.
  7. HM2VikingRN

    Who would really cut your taxes?

    that's probably a compelling narrative for bachmann -- big government taxes the little guys. we first fact-checked similar claims during the 2008 election, when samuel joseph wurzelbacher, aka joe the plumber, worried he'd get a tax increase under obama's plan if he bought a company that took in around $250,000 a year. it wasn't true then, and it isn't true now. here's why: plumbers -- or any other small business owner -- get to deduct their business expenses, so they'd have to be bringing in more than $250,000 in gross sales. the tax laws allow small business owners to deduct all kinds of business expenses: employees' pay, supplies, a car or truck, fuel costs, advertising, association dues, utilities, shop repairs, and the list goes on. (for more details, read chapter 8 of the tax guide for small business published by the irs.) http://www.politifact.com/truth-o-meter/statements/2010/nov/17/michele-bachmann/michele-bachmann-250000-gross-sales-tax-increase/ http://www.irs.gov/publications/p334/ch08.html i think what gets lost in the noise about progressive taxation is this simple behavioral incentive. progressive taxation tends to encourage innovation through the very real phenomenon of encouraging business investment. (these activities are all in essence deductible. tax cuts at the very top encourage hoarding. (we had a real life experiment around this very issue. jobs boomed during the clinton era simply because money was actively invested. bush tax cuts yielded negative job growth and declining incomes for the middle class.) iow progressive taxation makes productive investment "cheaper" than hoarding behaviors and thus incentivizes economic performance.
  8. HM2VikingRN

    Why Bristol Palin Is Still on 'Dancing With the Stars'

    Personally I'm not angry. If anything I believe that the arc of history is long but it bends towards justice. (with apologies to MLK JR.) I think the difference between Medias feminism statement and the light bulb comment is that having the choice as an individual about living as an individual is important. While driving inefficient vehicles, using more electricity etc literally affects thousands of people downstream from your decision as an individual about your energy usage. We (as individuals) don't have the right to harm the interests of others through wasteful usage of energy. To tie this to the thread I am not a DWT fan and have never willingly watched a minute of the program. (Although when the more talented dancer is eliminated it certainly caused me to ????)
  9. The Dream act IMO is a "hold harmless" bill. I find it difficult to criticize a 20 something undocumented immigrant who was carried into the US as a baby or very young child. Most of these kids did not choose to come here illegally. They were brought by their parents. (Can you really say a child raised here since 2 or 3 isn't an American when they have no conscious memory of their parents homeland?) As to college costs I agree that we as a society are not keeping our contract with the young to keep higher education affordable and accessible. Opposition to the Dream Act by the corporatists is rooted (IMO) in their desire to keep a permanent underclass of low wage workers to suppress wages for all americans. We can't afford to waste any talent. (These kids have already been educated in the public schools at our expense. Their participation in higher ed has already been planned for since the day they entered kindergarten by the various state departments of education.) When Immigration reform is passed I anticipate that these kids will be given a fast track to legal residency because they did not knowingly or willingly violate any immigration laws to get here. (Many don't even know that they are undocumented until after they are in high school.)
  10. HM2VikingRN

    Declaring war on the Middle Class

    Worth the read...
  11. http://www.talkingpointsmemo.com/documents/2010/11/schakowsky-deficit-reduction-plan.php?page=1 Line by line and no platitudes.
  12. HM2VikingRN

    New GOP lawmaker asks: Why wait for health care?

    Generally premiums for large groups are paid on the first business day of the month. If his separation takes effect following the first of the month he would be covered during the elimination period. (EG he resigns effective 2 Jan. Swears in as a new congressman 3 Jan. 28 days later his federal insurance takes effect.) Its his responsibility to work with his soon to be ex-employer about how to plan his separation. (Of course if we had true single payer the whole issue would be moot. All coverage is truly portable under that system.) See: Study: Most Workers Have To Wait Longer For Health Insurance Than Congress | TPMDC http://ehbs.kff.org/pdf/2010/8085.pdf
  13. HM2VikingRN

    Your chance to cut the deficit...

    I think the reality is that we need to raise taxes. Spending cuts just don't survive the budget process. (We can close most of the gap simply by cutting defense spending in half. We would still spend more than the rest of the world combined at that level...) Some spending is smart as it reduces long term costs. In all honesty I can see the need for ag subsidies/R&D spending. I can also see the need to maintain state aids. (State aids reflect the cost of federally imposed mandates on states. (NCLB is the prime example..) ) (As a VA nurse my salary is competitive with the private sector but not superior to the other hospitals in MPLS.) The cuts proposed by bowles-simpson target the middle class and are used to in effect promote further wealth concentration. I just ran the exercise again. Ideally we would see a 50-50 distribution. That is true "share the pain." Stabilizing the debt as a share of the economy will require both spending reductions and revenue increases. http://www.offthechartsblog.org/federal-debt-projections-with-without-the-bush-tax-cuts/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+OffTheChartsBlog+(Off+the+Charts+Blog+|+Center+on+Budget+and+Policy+Priorities)
  14. HM2VikingRN

    Gen Y Heads to Congress

    Man I feel old.....I'm just old enough to be his dad...
  15. HM2VikingRN

    New GOP lawmaker asks: Why wait for health care?

    FWIW he's an anesthesiologist. I read about this on kos today. As one of the diarists observed there are 50 million uninsured people who would be tickled pink to only have a 28 day waiting period. (Many employees have a 60 day waiting period.) :() He would not even need COBRA if he would correctly time his separation from his prior job.