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Senate Approves Aid Package to States

Chappy

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Excerpted from “Senate Approves Aid Package to States” By COREY BOLES, The Wall Street Journal, AUGUST 5, 2010, 1:09 P.M. ET
[SIZE="+2"]T[/SIZE]he Senate voted Thursday to approve a package of $26 billion in aid for state and local governments, funded partly by an $11 billion tax increase on U.S. multinational corporations.

In what was one of the final moves by the Senate before lawmakers depart Washington for the summer recess, Democrats were able to score a significant victory for a core constituency of their party: labor unions and public-sector workers.

But at the same time, they handed a hefty tax bill to U.S. companies with units overseas that have been able to pay a lower corporate income tax rate on profits derived from their foreign businesses. …
Another major victory for government serving the people at their time of need while closing a loop hole in tax law that only the biggest corporations could love.

This bill will save thousands of teachers jobs so that the next generation of Americans doesn't start suffering for the fiscal sins of foregoing generations this year.
 

Hoplite

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Im happy to see money going where it needs to go.
 

Crunch

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You two are scary.
 

Renae

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Another major victory for government serving the people at their time of need while closing a loop hole in tax law that only the biggest corporations could love.

This bill will save thousands of teachers jobs so that the next generation of Americans doesn't start suffering for the fiscal sins of foregoing generations this year.
HAHAHA No.
26,000,000,000 in hand outs for votes, at the cost of future economic opportunity by punishing the private sector (Ya know, those evil bastards that create wealth and sustainable jobs?)!

BRILLIANCE!!! And you people wonder why the economy isn't recovering under Obama....
 

Redress

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HAHAHA No.
26,000,000,000 in hand outs for votes, at the cost of future economic opportunity by punishing the private sector (Ya know, those evil bastards that create wealth and sustainable jobs?)!

BRILLIANCE!!! And you people wonder why the economy isn't recovering under Obama....
:spin:

:spin:

:spin:
 

pbrauer

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HAHAHA No.
26,000,000,000 in hand outs for votes, at the cost of future economic opportunity by punishing the private sector (Ya know, those evil bastards that create wealth and sustainable jobs?)!

BRILLIANCE!!! And you people wonder why the economy isn't recovering under Obama....
You create wealth by taking raw materials and turning them into finished goods. Those evil bastards (your words, not mine) have been outsourcing jobs offshore. And despite your claims in another thread, their taxes have never been lower and participation of unions in the workforce have never been lower.
 

Ockham

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You two are scary.
Hey, one day we can all just get welfare and get paid with money that's worth nothing, while we sit around and do nothing. The progressive utopia.
 

Renae

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You create wealth by taking raw materials and turning them into finished goods. Those evil bastards (your words, not mine) have been outsourcing jobs offshore. And despite your claims in another thread, their taxes have never been lower and participation of unions in the workforce have never been lower.
Yet where Unions are strongest, the most bailout went... GM, Chrysler....
 

pbrauer

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Yet where Unions are strongest, the most bailout went... GM, Chrysler....
Doesn't GM and Chryster make stuff? Create wealth?
Didn't President Bush bailout WS, banks? What do they make?
 

Renae

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Doesn't GM and Chryster make stuff? Create wealth?
Didn't President Bush bailout WS, banks? What do they make?
I was talking about Unions.

And GM and Chrysler failed in the realm of good business.

There should have been NO Bailout.
 

apdst

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More job killing legislation.
 

Chappy

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Bailouts? That's sooo yesterday.

Teachers will be returning to the classrooms all across the nation because of the action of the Senate today.

It's a good thing because kids don't pause growing up simply because the States are broke. Somethings you just have to afford.
 

MCS117

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Bailouts? That's sooo yesterday.

Teachers will be returning to the classrooms all across the nation because of the action of the Senate today.

It's a good thing because kids don't pause growing up simply because the States are broke. Somethings you just have to afford.
Well maybe if they stop pushing most of the budget towards administration costs and start pushing into the classrooms, we wouldn't be in this mess. But why should they punish hard-working people when it's the government that caused the problem in the first place?

And the whole concept of increasing teacher's wages to fix the problem is the same as throwing money at the problem, which usually does not work.

Art and Music is technically non-productive knowledge does not give technological benefits, but it does have cultural significance. But the problem is, how to measure the cultural benefits against technological benefits. But this is all in another argument, the same problems stands, giving money we do not have will hurt the economy. Ever heard of crowding out? Well I believe we are hitting that right now. Wait till private investments become nonexistent then we can create a new term, crowded out, and study the effects of that for future macro-economic classes.
 

apdst

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Bailouts? That's sooo yesterday.

Teachers will be returning to the classrooms all across the nation because of the action of the Senate today.

It's a good thing because kids don't pause growing up simply because the States are broke. Somethings you just have to afford.
Just think; if Krewe Obama wasn't killing so many jobs, this would go un-noticed.
 

TurtleDude

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You create wealth by taking raw materials and turning them into finished goods. Those evil bastards (your words, not mine) have been outsourcing jobs offshore. And despite your claims in another thread, their taxes have never been lower and participation of unions in the workforce have never been lower.
libs wonder why jobs leave the usa while at the same time libs bash corporations and call for more and more looting of the corporations and imposing more and more idiotic regulations on those companies

their taxes have never been lower

LOL that oozes deception
 
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