Deficit fraud Blunt calls for permanent taxpayer giveaways to the real estate industry.
OPS_admin | Aug 18, 2010 | Comments 0
Yesterday, Rep. Roy Blunt (R-MO), who is running for Missouri’s open Senate seat, unveiled his jobs plan at an event with the U.S. Chamber of Commerce. Blunt spends a lot of time in the document fearmongering about the deficit, saying “we must put a stop to this reckless and embarrassing culture of running up the bill and passing it along to our children and grandchildren.” He even advocates rescinding the stimulus money that has yet to be spent, which amounts be a tax increase on the middle class. But Blunt’s concern about spending evaporates when it comes to having the federal government subsidize the real estate industry, as he calls for permanently extending the home buyers tax credit:
Recently it was announced that new home purchases had fallen off more than 30%. Clearly people respond to tax incentives and the recently-expired home owners’ tax credit is no exception. Encouraging people who can afford it to purchase homes helps employ homebuilders, real estate workers, bank employees, and keeps liquidity in the market.
Full Story: Think Progress » Deficit fraud Blunt calls for permanent taxpayer giveaways to the real estate industry..
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If we don't change our ways soon...
A new report by the Royal Society, chaired by Nobel prize-winning biologist Sir John Sulston warns that world population must be stabilized and consumption in wealthy nations must be reduced or the entire planet is in big trouble. As the report reads: "The number of people living on the planet has never been higher, their levels of consumption are unprecedented and vast changes are taking place in the environment. We can choose to rebalance the use of resources to a more egalitarian pattern of consumption... or we can choose to do nothing and to drift into a downward spiral of economic and environmental ills leading to a more unequal and inhospitable future."This is the same warning that President Jimmy Carter gave Americans back in the 1970's - but it was ignored when Ronald Reagan came to power with a "more positive" message basically telling Americans we can do whatever we want. And then after 9/11 - Bush told us all we should go shopping and consume ever more.And now with corporations calling the shots in Washington - long-term sustainability of the planet takes a back seat to short-term profits. If we don't change our ways soon - and embrace clean, alternative energy and educate women around the plant - then we all could be headed for a rough century.-Thom(Is there any chance we will learn in time? Tell us here.) -
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