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Wednesday, August 17, 2011

US Inquiry Eyes S&P Ratings of Mortgages - CNBC

Not that we agree with S&P's ratings during the 2000's, but the timing on this is sure suspect.....

US Inquiry Eyes S&P Ratings of Mortgages - CNBC

Millionaire and Billionaire Non-starter

From The Wall Street Journal: "In 2007, 390,000 tax filers reported adjusted gross income of $1 million or more and paid $309 billion in taxes. In 2009, there were only 237,000 such filers, a decline of 39%." (all IRS data)

So even if we DOUBLE their income tax rate, we'd take in $618 billion in additional taxes. Not.covering.the.Obama.deficits.

Federal Subsidies to Solar Up 626%, Subsidies to Wind Up 946% | CNSnews.com

Federal handouts for energy that is not efficient, cheap or scaleable. Further evidence of centralized planning not working.

Federal Subsidies to Solar Up 626%, Subsidies to Wind Up 946% | CNSnews.com