(Community Matters) A speech focused on restoring economic prosperity to the middle class, with investments in education, infrastructure, clean energy and manufacturing.
I wish he’d talk to the American public and simplify some of the information w/ charts & graphs such as
Americans have to understand, we’ve never been able to fund our national obligations at a revenue yield of 16.9%, the lowest since 1959, which was before Medicare & Medicaid. We’re not talking about irresponsible spending, we’re talking about irresponsible funding – even with 35% corp tax rates and 40% personal rates, too many pay zero or less than 20%, respectively. I was unsuccessful in finding a revenue yield chart.
We should show the deficit against a proportional representation for 1) revenues lost from the Bush tax cuts, 2) unfunded medicare prescription program, 3) unfunded war on Iraq, 4) unfunded war on Afghanistan, and 5) monies used to bail out banks & insurance companies.