Sotomayor
I've heard people suggest to me (both personally and via the internet) that Sotomayor is a mainstream judge. Look, anybody that has been overturned 60% of the time by the Supreme Court isn't mainstream. You'll only likely see a higher overturn rate out of the infamous wack job 9th Circuit in San Francisco.
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She shouldn't be sitting on a court that has overturned her decisions more than half the time, or even 25% of the time. The rest of the discussion is bullshit.
Her humble background doesn't qualify her to be a judge any more than any other American that has managed to crawl from the gutter all the way to the top of the legal profession. Honestly, it's superfluous and not germane to the argument of whether or not she should be on the Supreme Court. She seems to be an exceptional lady but as far as I'm concerned her ghastly reversal rate should disqualify her from sitting on the court; she shouldn't be sitting on the very judicial body that has reversed 60% of her rulings, and that is that - end of story.
Want To Pay Your Neighbor's Mortgage?
The Obama Administration is considering using tax dollars to pay distressed mortgages.
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I can't imagine this idea will get off the ground. What happens when people on the brink just flat out say, "fuck it - the guy next door is getting his mortgage paid and I'm busting my ass to stay afloat, and for what? Screw this, I'm defaulting." This is the "perverse incentive" the article is referring to. (Good luck creating a framework for this - I can't imagine the 95% of homeowners who are not delinquent, not to mention renters, will enjoy being fiscal prisoners of the 5% delinquent).
I think the far more interesting question to consider is what would happen if this were enacted, as compared to doing nothing. Would the delinquency rate shrink or increase more dramatically with or without mortgage aid? I know where I'd put my money.
Raises for Top NYS Senate Staffers
Holy #*@#. This one makes my blood boil. Rant time. Honestly I can't even believe this - during the past month 11 NYS Senate staffers have been given raises ranging from $10,000 to $32,000 -
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Not bad work if you can get it, particularly in a state that is absolutely broke. I don't care about the reasons why - this shouldn't have happened.
NYS and its officials are ignorant fools and a laughing stock. Sen. Malcolm Smith claims that these raises were authorized before the power struggle and budget impasse. WHO CARES? They never should have been authorized, particularly when our elected officials have eliminated numerous programs due to dire financial need (and horrifying budgeting for a very long time, but that is another story). These are the very same politicians who have been busy coming up with every single new surcharge and tax they can find to close a budget gap, then they'll turn around and hand a lackey a big, fat $10,000 - $32,000 raise.
ANTOINE THOMPSON AND WILLIAM STACHOWSKI, HEAR ME - I've had it. I suspect after hearing things like this that you've utterly abdicated your responsibility to the taxpayers of your region. You voted for a state budget that you told us was slashed, which is a half-truth - you cut future spending but the budget still increased 9%, which you partially funded with $3.6B in Obama's "stimulus" money meant for economic projects. Yes, that's right - NYS is one of many states that have utterly misappropriated stimulus funds. Your rubber stamp allowed three men in a room to ONCE AGAIN screw taxpayers on both the state and federal level - you merely took the $3.6B and filled the budget gap. No need for hard choices when Uncle Sam can come in and allow you to make the hard choices down the road, right? So, "Senators," what exactly do you do on a daily basis besides think of different ways to screw your constituents and pray daily for a time where they have the means to leave the state?
Antoine Thompson, you are my elected official and what I've heard disgusts me. These activities in the Senate are making me long to live in someone else's district, or even someone else's state. You are, and theoretically will be, a lifetime member of the class that sucks the public teat dry. Only in YOUR universe can people get $10,000 - $32,000 raises, paid for by taxpayers who are losing their jobs ostensibly because people don't want to do business in NYS anymore, due to a punitive and hostile business environment.
Do you laugh at us when you come home to your district? I hope that you didn't forget that you come from one of the poorest places in America. People here are far more horrified with excesses like this, as opposed to your colleagues in the wood-paneled rooms in Albany. Please, for the love of God, justify your elevation to State Senator and actually do something about these problems. Don't go along to get along, like Brian Higgins - I know you're eyeing Louise Slaughter's seat and if you carry this to the federal level our city will further deserve the politicians they elect.
"((e:ajay)) - no, it isn't a right."
Fair enough. What about Education? and Defense?
(e:dcoffee) - I'm watching a rerun of O'Reilly right now and they are discussing how cap and trade will allow GS to earn hundreds of millions of dollars in the energy market. Last hear GS paid no tax. None! No corporate contributions to national defense, healthcare, etc. So in that respect yes I'll agree that GS are seriously, seriously hating on America. They will pay tax this year.
Leave the businesses that make a lot of money alone, man - it's not illegal to get rich, at least not yet. GS has done very well for themselves, paid back the government money they never really wanted to begin with, and it's one financial firm that's managing to find some success in a ridiculously spooky market.
I don't care one lick that average compensation there, including bonuses, will be around $800,000 this year. Do you know who can't wait for those bonuses to get paid? The governments of the state of New York and the City of New York, Gov. Paterson, Mayor Bloomberg - there is a special tax on the books for Wall St. bonuses. The major reason why our state budget took a major shit this past year is because the tax money generated by Wall St. evaporated - it accounts for 20% of our state budget. What's good for Wall St. is good for New York, that's a fact that we'll have to learn to live with.
(e:ajay) - no, it isn't a right. So I suppose you are correct, this discussion is ovah!
(e:dcoffee) - nobody has an hour these days. This class warfare stuff needs to stop - suggesting that the rich used to be interested in paying their fair share is LUDICROUS and I'm not debating the topic anymore. Any top 1%er will pay more in tax in one to three years than you or I will in our career earnings combined. It's that simple. To suggest that they aren't giving back their "fair share" is an utter fallacy. What about the people who "gave back" when Obama ripped up contract law to guarantee retiree healthcare benefits for union workers? I'm pretty sure many of those bondholders were rich!
I think being greedy is sticking your hand out, expecting something for nothing, then bitching when it isn't given to you. Do you believe in what Karl Marx said when he uttered the quote I referenced in my entry? I don't understand nor do I care for this weird penchant for constantly wanting to stick it to one person that has more than another.
W/respect to Goldman Sachs - do you know how exactly they have earned that money? Stock underwriting, which is what they specialize in. It's a market (maybe one of the only markets) that has literally exploded over the course of the past few months. Are you really arguing against a truly legitimate success story involving an American company? Their revenue has increased almost 50% as compared to previous quarters - of course their profits are going to balloon!
My god.
(e:joshua) , first questions first: do you think healthcare is a "right" (as in, "everyone in a developed country should have it", and not a constitutional right) ? Should every American have access to low-cost basic healthcare?
If yes, then we can discuss how to pay for it.
If no, then there's not much to discuss....
I like that idea of having congress on the Public Option :), So long as I get to have it too.
I wish I had an hour.
Fact is that we have to compete in a global economy now, and we have to work together as a society to make sure we can out preform other countries. This means giving Americans real opportunity, helping the best and brightest perfect their tallents and rise to the top. Concentrated wealth prevents competition and innovation, it stifles the economy. The richest companies don't want competition, they want protection and stability. They want the workers to stay in their place as servants, not rivals. The people at the top are mostly there because of ruthlessness and luck, not because they are the smartest or most motivated. This must change.
Americans need more freedom to go ahead and innovate. By freedom, I mean freedom from fear, 'how do I pay for college', 'what if I get sick', 'what if I lose my job and can't afford health coverage'. We need the freedom to move about the economy and do what we enjoy. If you enjoy your work, you will do it well. But right now most workers are locked in their jobs, they have no other choice.
The rich used to support the idea of paying their fair share, and giving back to the society that enabled them to be successful. Not any more, Goldman Sachs doesn't care about America.
America better start looking out for itself.
Honestly, all these years we've just had good luck, excess resources, excess wealth, weak international competition, unending growth. It didn't matter how much the fat cats shoved in their pockets because there was so much to go around. Now the rest of the world has caught up, and we need to start paying attention and making hard choices. Being greedy is a luxury we can no longer afford.
(e:ajay) - you should ask that question to the Dems themselves that wrote the bill - even they don't know for sure, and I'll bet that the Senate will make this bill look like an MJ before and after shot.
I do not support the enrichment of one person at the poverty of another, under any circumstances. If they want to institute healthcare, then they have to find a way to pay for it that ensures that EVERYBODY suffers equally. But don't worry, regardless of how it is paid for, when the rationing starts the equitable situation will be quite evident. ;-)
So, is Congress still exempt from participation in this system? Every single politican that votes for the bill should be forced into enrolling in the program. This way, people like Ted Kennedy won't be going to Duke University Hospital anymore, but Local Medical Center #27 in inner city D.C. Nobody wants to practice what they preach, do they?
So how do you propose we provide health insurance to the 50M people uncovered?
The chances of an American dying from a terrorist attack are 1000x less than that from dying due to lack of good healthcare; and yet you don't mind spending trillions on this "war" on terror.
Would these taxes be easier to digest if Obama called them "war on disease" ? ;-D
The thing is that a Married Filing Joint Couple making $350,000 in CA, MA, NYC doesn't really have it "made." Especially if they a small business owner or paying back large professional student loans. Plus, this is "Off the top" before any Standard Deductions that rich people love like home mortgage interest. I can only imagine that in high taxes "Blue" States people in this tax bracket are going to be well beyond paying 50% and in some cases 60% of their income in taxes to Fed, Trust Fund, State, Local Governments.
The result is predictable. What happened in France the last time they soaked the rich will happen here and some rich folks will skip the country to avoid the taxes. CA, you know, I'm not enjoying their misery but they've brought it on themselves by building a government they can't afford. That shit was predictable too. If we have to bail their incompetent asses out, I will absolutely freak.