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« Bernie Sanders "Military Budget Has Tripled Since 1997, But Obama Won't Do Anything About It!" | Main | Just 47% of Working Age Americans Have Full Time Jobs »
Friday
Jul292011

VIDEO: Paul Ryan Booed At Wisconsin Town Hall For Defending Tax Breaks For The Wealthy

Video - Paul Ryan in Wisconsin

CONSTITUENT: The middle class is disappearing right now. During this time of prosperity, the top 1 percent was taking about 10 percent of the total annual income, but yet today we are fighting to not let the tax breaks for the wealthy expire? And we’re fighting to not raise the Social Security cap from $87,000? I think we’re wrong.

RYAN: A couple things. I don’t disagree with the premise of what you’re saying. The question is what’s the best way to do this. Is it to redistribute… (Crosstalk)

CONSTITUENT: You have to lower spending. But it’s a matter of there’s nothing wrong with taxing the top because it does not trickle down.

RYAN: We do tax the top. (Audience boos). Let’s remember, most of our jobs come from successful small businesses. Two-thirds of our jobs do. You got to remember, businesses pay taxes individually. So when you raise their tax rates to 44.8 percent, which is what the president is proposing, I would just fundamentally disagree. That is going to hurt job creation.

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Reader Comments (8)

The 15 Senators Who Had The Guts To Vote 'No' On Bankrupting America

http://dailybail.com/home/the-15-senators-who-had-the-guts-to-vote-no-on-bankrupting-a.html
Apr 25, 2011 at 2:15 PM | Registered CommenterDailyBail
Apr 25, 2011 at 2:17 PM | Registered CommenterDailyBail
A $20.6 trillion national debt by 2015.

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The U.S. debt will top $13.6 trillion this year and climb to an estimated $19.6 trillion by 2015, according to a Treasury Department report to Congress.

http://www.reuters.com/article/idUSN088462520100608
Apr 25, 2011 at 2:21 PM | Registered CommenterDailyBail
http://www.marketwatch.com/story/imf-bombshell-age-of-america-about-to-end-2011-04-25

IMF bombshell: China’s economy will surpass the U.S. in 2016
Apr 25, 2011 at 2:33 PM | Registered CommenterDailyBail
Financial Heist of the Century: Confiscating Libya’s Sovereign Wealth Funds (SWF)

http://www.prisonplanet.com/financial-heist-of-the-century-confiscating-libyas-sovereign-wealth-funds-swf.html
Apr 25, 2011 at 2:37 PM | Registered CommenterDailyBail
http://www.zerohedge.com/article/greek-debt-yielding-20-and-trading-half-par-value-european-banks-are-trapped

With Greek Debt Yielding 20%+ and Trading at Half Par Value, European Banks Are Trapped!
Apr 25, 2011 at 3:30 PM | Registered CommenterDailyBail
If two-thirds of jobs come from small businesses, then Ryan should act on their behalf and not on the behalf of huge FIRE companies. His "reform" proposal for Medicare is a heist. He intends to take $15K of healthcare benefits per beneficiary from care and move it to insurance. Is this in the interests of small business and citizens? Hardly. But here is Ryan's top 5 contributors for 2010 (opensecretsdotorg):

1) Northwestern Mutual, sells sells health, long-term care and disability insurance.
2) Harris Associates, an investment company
3) American Family Insurance, also sells health insurance
4) Aurora Health Care - a hospital chain
#5 is a tie with Credit Union and Select Medical Holdings, now partly owned by JPM, Merrill Lynch, CSFB and other not small businesses. They have a ton of subsidiaries in rehab, renal cancer, nursing homes and such - all doing big business with Medicare.


Ryan's Prosperity PAC top three donors are Credit Suisse, Blue Cross Blue Shield and American Health Insurance Plans.

He is no more concerned about small business and affordable health care than was Bill Frist, now indirectly involved in "helping" (per Nashville Post) Select Medical.
Apr 25, 2011 at 5:04 PM | Unregistered CommenterG Street
nice work g street...
Apr 26, 2011 at 3:28 AM | Registered CommenterDailyBail

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