Posts tagged ‘Taxes’

01/14/2013

Need “Borrowing” Not “Debt” Ceiling

The “Debt Ceiling” is once again being debated in Congress, but it shouldn’t be, since we have no choice, but to pay the financial obligations we already have. Defaulting on our loans is not a realistic or responsible option as it would do nothing but lower our credit rating and trigger negative global responses.

The debate should instead occur much earlier whenever Congress borrows money.  If we are going to have a “ceiling,” it should be as to the amount we borrow. Whenever right-wing politicians vote for another war, or a new weapons system, without raising taxes to pay for them, they should first be required to raise a “Borrowing Ceiling.” This is where the issue might make a difference, since borrowing is not a necessity.

Under the U.S. Constitution, the power “to borrow money” is specifically delegated to the Congress (Art. I, Sec. 8). Congress must approve of any measure that causes borrowing. It is not a power assigned to the Executive. The President does not write the budget. The House must stop blaming the President for spending and they must face their constitutional duty to control it.

Right-wing politicians, who control the House, where all budget bills originate, are famous for supporting all sorts of wasteful military spending, without raising taxes, but once they authorize spending, it’s a waste of time to debate the issue of paying for the military toys previously purchased with a credit card.

It’s time for the Republican House to act like adults, take responsibility, and significantly cut the Defense Budget, or raise taxes to pay for the military spending they previously supported.

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11/04/2012

Undecided Voters: Economic Issues

The better choice on each issue is in the left column, indicated by a (D) for Democrat, (R) for Republican, or (N) for neither.

(D) DEFICITS AND DEBT: Which party has shown an ability to end deficit spending and produce surpluses? Reagan made drastic tax cuts for the rich in 1981 and 1986, and tripled the debt. Bill Clinton’s budget in 1993 was passed by Democrats, without a single Republican vote, and it led to surpluses. Little Bush cut tax rates again, started an optional war in Iraq, and failed to request taxes for it. He just handed a great recession to Obama. While right-wing Republicans control the House, and promise to spend more on the military, they stubbornly refuse to tax for it. There’s no reason to believe they are capable of managing the debt.

(D) TAXES IN GENERAL: Which party is more likely to implement fair tax policies that may correct the deficit and debt. Romney said he would not raise taxes. (1-8-12). He stated a desire to lower them even further. (1-16-12). He said we only need taxes for the military, nothing else. (1-7-12) With these extreme positions, he would never get close to correcting deficits and debt.

(D) TAXES: CAPITAL GAINS, DIVIDENDS AND INTEREST: Which party has the better position on taxes as to capital gains, corporate dividends, and interest income? Romney repeatedly said during the Republican debates he wanted to completely eliminate taxes on capital gains, dividends, and interest (9-7-11) (9-12-11) (9-22-11) (12-10-11) (1-16-12) He later said he would limit his plan to incomes of less than $200,000. (1-23-12) In either event, it’s unfair to people who pay taxes on earned income. His policies would either raise taxes on the Middle Class, or make the deficit and debt worse. He never explained how he would make up for the lost revenues.

(D) TAXES: PAYROLL: Which party is more likely to promote tax cuts for regular workers? Romney was dismissive of Obama’s ongoing payroll tax cuts, as he called them a band-aid (12-10-11)

(D) TAXES: CORPORATE: Romney advocated lowering the highest corporate tax rate from 35% to 25%. (11-9-11). This new loss of revenue would have to be made up by the Middle Class.

(D) TAXES: RETIREES & THOSE WITH SMALL INCOMES: Although everyone pays sales taxes, gas taxes, real estate taxes (as a part of rent), as well as other excise taxes, Romney said everyone (poor, elderly, etc.) should pay income taxes. (9-7-11).

(D) TAX RETURNS AND HIDDEN WEALTH: Why didn’t Romney disclose more personal income tax returns? Romney promised to release “multiple years.” (1-19-12). In the end, however, he only showed us two years. We don’t know if he is hiding something, or telling the truth. Gingrich said Romney lives in a world of Swiss and Cayman Island bank accounts (1-26-12)

(D) BUDGET, NATIONAL DEBT, MILITARY SPENDING: Romney said we need to stop spending like we have for the past 40 years. (1-8-12). He was critical about leaving debt to the next generation. (11-9-11). He claimed he would cut spending, but he didn’t explain how (11-9-11), except by saying he would ban earmarks. (2-22-12). Romney promises not to cut wasteful military spending, of any kind. (10-11-11). He wants 350 million for the F-22, more aircraft carriers, more Navy cruisers, more Air Force bombers, and more troops. (11-22-11). He would increase Navy shipbuilding each year from 9 to 15, and would add 100,000 troops. (12-15-11) (1-23-12) (2-22-12). He makes the case for the other side, saying Obama is shrinking the military (1-7-12) Romney thinks our Navy is smaller than it was in 1917, and our air force is smaller than it was in 1947. (1-16-12) (1-23-12).

(D) JOBS: Which party would be better for promoting jobs? Obama inherited a recession where unemployment reached over 10% in 2009. It is now down to 7.9% and the trend has been in the right direction the past three years. Romney incorrectly argued no jobs were created from the job stimulus bill (10-11-11) He said Obama’s polices worsened the job situation, which is obviously a false claim (1-7-12). Romney argues the government doesn’t create jobs (12-15-11), the private sector does (12-10-11), but then inconsistently blames Obama for not creating jobs.

(D) LABOR: Which party is more likely to protect the rights of working people? The National Labor Relations Board (NLRB) insures fairness between organized labor and management. Romney said he would curtail the NLRB (12-10-11), and would promote anti-union “right to work” laws throughout the U.S. (1-8-12) He repeatedly showed hostility towards the NLRB, by saying it was filled with “labor stooges” (1-8-12) (1-19-12).

(D) MINIMUM WAGE: Do you think Romney would ever promote an increase in the minimum wage? In one word: no.

(D) MANUFACTURING: Which party appears to be more interested in saving American manufacturing? The Republicans clearly opposed loans help GM and Chrysler get through the Great Recession. Over fierce opposition, Obama helped them. Had they gone through bankruptcy, the nation would now be reeling from the economic ripple effects. Obama took a gamble and succeeded.  Romney said funds should not have been used to bail out GM and Chrysler (10-11-11) Romney again said the auto bailout was wrong; they should have gone bankrupt. (11-9-11).

(D) AGRICULTURE: Romney would end farm subsidies as he said to let the markets work. (1-23-12). What he is actually promoting is a localized depression in Midwestern small towns.

(D) TRANSPORTATION/MASS TRANSIT: In one debate, Romney advocated improving the infrastructure, by rebuilding bridges, roads, rail beds and air transport systems. We can’t criticize him for that, but we should not forget his party harbors the likes of Gov. Walker of Wisconsin and Gov. Scott of Florida, who blocked mass transit proposals. So on transit, it appears the Republican Party will not help America enter the 21st Century.

(D) ENERGY: Who has the better energy policy? Romney wants energy security and independence by using our own resources (10-18-11 (1-7-12) (1-19-12) That’s a nice idea, but energy resources are fungible and are sold on world markets, so no nation controls them. Romney put emphasis on developing coal, oil, gas, and nuclear (9-7-11)(1-16-12) He’d give more permits for natural gas and oil drills. (12-15-11). He does not discuss solar or wind, but why not? Since Obama includes all energy resources, his policy is better.

(N) ANTITRUST: Has either candidate advocated antitrust lawsuits to break up companies too big to fail? No. Antitrust was a Republican idea in 1890, and prosecutions are now needed to break up the concentrations of power in the hands of a few.

(D) FEDERAL RESERVE: Romney claims Federal Reserve chair Bernanke pumped too much money into the economy (9-7-11), and he would discharge him. (10-11-11). He said Congress should have Fed oversight, but no control over the currency. (9-12-11). Since Romney is opposed to priming the pump through Monetary Policy, how would he have stimulated it?

(D) BANK BAILOUTS: At one point, Romney said he didn’t want to save the Wall Street banks, as Bush did (2-22-12). It appears he would have just let the system collapse, but if that had happened, we’d be in a deep depression right now.

(D) WALL STREET: Romney correctly pointed out the derivatives market was not regulated (1-23-12), but he failed to promote a regulation of it. He instead criticized those occupying Wall Street, by saying they were engaged in dangerous class warfare (10-18-11).

(D) HOUSING: Romney supported the Troubled Asset Relief Program (TARP) (10-11-11) (10-18-11) He accused Fannie and Freddie of offering mortgages to people who can’t afford them (1-26-12). He opposed the Dodd-Frank law, claiming it makes it harder for banks to make loans (1-7-12)(1-8-12).  He said the government should not stop the banks from foreclosing (10-18-11). He claimed Obama was holding off the foreclosure process, and argued we must let the market work (11-9-11) His non-solution solution is to block-grant housing vouchers (2-22-12).

(D) VULTURE CAPITALIST: If Romney wins, he’ll be the first President with a vulture capitalist background. He claims to have successfully operated businesses (12-15-11), but he was really a Bain investor, who just made money for himself and his partners. Gingrich accused him of profiting by stripping American businesses of assets,  bankrupting companies, and laying off workers (1-7-12) Romney said they had to be downsized (1-7-12) Gingrich said Romney’s Bain looted companies and left people unemployed (1-8-12). Gingrich said he was engaged in vulture capitalism. (1-16-12). In an interesting contradiction, while discussing tax returns, Romney said his income came from a blind trust. He said the money I earn: “is not made by me.” (1-26-12).

05/30/2012

Jobs: Republicans Deserve No Credit

It always amusing when Republicans like Wisconsin Gov. Walker take credit for job increases, as if they personally interviewed the unemployed, one by one, and told them they were hired. While Democrats have historically helped those out of work by creating public sector jobs, Republicans don’t even budget enough money to meet the current government payroll, and they certainly are not entitled to take credit for any new government employment.

As to the private sector, governments can only indirectly stimulate economic activity through Fiscal Policies, which increase government spending. Since Republicans again routinely vote against job stimulus bills, they cannot legitimately take credit for any employment the government may trigger in the private sector.

When politicians like Republican Gov. Perry claim they added 1 million new jobs in Texas, they try to take credit for something they did not do, since they added no public sector jobs, and stimulated no private employment, through state budgeting.

While Gov. Romney argued jobs are established in the private sector, and not in Washington, he repeatedly failed to explain his theory that only those who understand “how the economy works” can create employment. The truth is merely understanding “how the economy works” is not a formula for job creation. Slogans like: “to create jobs, you have to have had one,” sound great, but insult our intelligence, since they explain nothing.

What is funny is when politicians like Romney, Perry, Huntsman, Bachmann, Ron Paul, Gingrich, and all the others, repeat the standard Republican talking points that jobs can be created by eliminating regulation, lowering taxes, and repealing Health Care.

Just how would the elimination of regulations create jobs? Have you ever thought about it? The right wing repeatedly makes this argument, but nobody pauses to think about what they are saying? If we repealed food safety rules made by the Food and Drug Administration, our health would be endangered for sure, but how would that create jobs, except perhaps in emergency rooms? If we eliminated air safety rules promulgated by the Federal Aviation Administration, we may have more plane crashes, but explain the job creation theory, because the connection is not at all obvious.

Lowering taxes to create jobs is another interesting theory. President George W. Bush tried it in a big way, as he dramatically cut taxes for the wealthy, and what happened? 4 million lost their jobs in 2008, in the six months before President Obama took office. Bush’s cuts sounded good to the wealthy, but if the policy had worked for all of us, the rich would have used their new wealth to invest in job creation, but they obviously did not do that.

How would the repeal of the new Health Care law increase jobs? If the nation will be adding health coverage for 40 million people, one need not be a rocket scientist to understand that a countless number of jobs will necessarily be created to take care of them. The right wing theory that repealing the law would somehow add jobs is totally baseless and illogical.

While Republicans pay lip service to unemployment, saying it is a tragedy that affects millions, they avoid direct solutions like public works hiring projects, and oppose government stimulus plans. Reducing taxes for the rich, eliminating unspecific regulations, and making other reforms not even remotely related to jobs, is no answer. The very least the right wingers and Republicans could do is avoid taking credit for jobs, since they certainly have no right to claim credit for them.

02/23/2012

Republican Debate in Arizona (2-22-12)

WAR: Paul correctly said a “pre-emptive war” is a “war of aggression.” We have been fighting offensive, not defensive wars. If we go to war against Iran, Paul said, it should be done properly, by first asking Congress for a Declaration of War. Gingrich foolishly said there are moments when you engage in pre-emptive war (also known as illegal aggression under international law).

DEFENSE: Paul predicted the Draft would be brought back, because we are in way over our heads. He said foreign aid ends up helping our enemies. Santorum thinks Defense Spending takes a smaller portion of the budget than in the past, and he would not cut it. Romney accused Obama of shrinking the Navy, Air Force, and active-duty personnel by 50,000 to 100,000. He would instead add ships, planes, and personnel by 100,000. He responded to Santorum’s problem with women in the military, saying they have the capacity to serve in responsible positions.

MIDEAST/SYRIA/PAKISTAN: Paul said Al Qaida is bankrupting us as they bogged us down in the Mideast, where we have spent 4 trillion in the last 10 years. We don’t have money for another war in Syria, he said. Santorum thinks Syria is a puppet of Iran. Romney said Syria shadows Lebanon, and threatens Israel. He wants the Alawites in Syria to abandon Assad. He is also concerned with Pakistan’s nuclear weapons.

IRAN: Paul said we don’t know if Iran has a nuclear weapon, but they cannot possibly attack anyone, because we have 45 bases, plus submarines, all around their country. All we are doing is making them feel threatened, and encouraging them to get a bomb. Sanctions are already backfiring, he said, because they cause Iranians to rally behind their leaders. We don’t have money for another war in Iran, Paul said. Gingrich accused Ahmadinejad of being a dictator, of denying the Holocaust, of wanting to push the U.S. out of the Mideast, and eliminate Israel from the face of the map. Romney wants crippling sanctions against Iran. He actually believes if Iran obtains fissile material, they will give it to Hezbollah and Hamas, who will take it into Latin America, where they will “potentially” bring it across the U.S. border, and then detonate “dirty bombs.” He thinks Obama told Israel not to take any action.

LATIN AMERICA: Romney thinks Hezbollah is operating in Latin America. He noted Northern Mexico is a problem.

IMMIGRATION: Paul wants us to forget about the Pakistan-Afghanistan border, and deal with our own. We need to reward legal immigration, he said. He thinks the welfare state causes immigrants to cross over for benefits. Romney enabled his state police to take them out by enforcing illegal immigration laws. He fought for English emersion classes in schools. He said since e-verify allows employers to know who is here legally, illegals have dropped by 14%. Santorum would create a loophole in e-verify, by not requiring homeowners to use it. Gingrich said the failure to control our border is a failure of will. He wants a President who works with governors, not sues them. He said the fence between San Diego and Tijuana worked, even though it is in a densely-populated area. The further the fence was extended, the fewer crossed into California. He would move half the Dept of Homeland Security to border states to get the fencing done. He voted for a employer-sanction law in 1986, signed by Reagan, which was to have solved the immigration problem. He said people who do business in Mexico, do not want the border closed.

ENERGY: Gingrich does not want American Presidents to have to bow to Saudi Kings over energy. He believes Iran is partly responsible for what is going on at the gas pump, as one of every five barrels of oil goes through the Straits of Hormuz. We should get into the position where we could say we do not care what the Mideast does. If we opened up federal lands and offshore areas for development, Gingrich said, and replaced the EPA, the government would realize 16 to 18 trillion in royalties, and gas prices would drop to $2.50 per gallon.

BANKS: Romney said: “I didn’t want to save Wall Street banks.” He was worried the entire currency system would go down.

AUTO: Paul said the government should not be in the business of supporting auto labor contracts. He reminded the audience Santorum opposed the auto bailout. Santorum said he helped the airline industry after 911, because the government shut them down. He said Romney is not principled, as he was for the Wall Street bailout, but against helping Detroit auto workers. Romney admitted he wanted the auto companies to go through a “managed” bankruptcy, like the airlines did, to shed excessive costs imposed by the UAW. He took a contradictory position however saying: “No way would we allow the auto industry in America to totally implode and disappear.” Gingrich agreed a managed bankruptcy would have been best for the auto industry.

HOUSING: Paul said the government should not bail out housing.

HEALTH: Gingrich said when the government becomes the central provider of services, they inevitably move towards tyranny, as they force people to do things. Santorum promised to target Medicare for budget cuts. He pledged to repeal Obamacare. He said he always opposed Title X funds, but pushed abstinence-based program spending under Title XX. He accused the Mass health law of being the model for Obamacare. Romney said states have the right under the 10th Amendment to do what he did in Mass. He would repeal Obamacare, because he doesn’t think the federal government should cut Medicare by 500 billion.

EDUCATION: Paul said the Constitution gives the federal government no power in education. He said Santorum is a fake, because he votes for No Child Left Behind, but now he wants to get rid of it. Santorum said he is a home schooling father of seven children. When he voted for No Child Left Behind, it was a mistake, and he now thinks the federal government should get out of education. Romney agreed children should be tested in math and English before they graduate. Gingrich would shrink the federal Dept of Education down to nothing but research. He thinks teachers unions only care about protecting bad teachers.

SOCIAL SECURITY: Santorum said we need to “deal with” Social Security. He said “all” the seniors in Pennsylvania rely on it, because the rich ones moved to Florida and Arizona.

WELFARE: Santorum said poverty in single-parent households is five times greater than two-parent homes. His solution is to go after food stamps (to make sure hungry people go without). Romney would block grant Medicare, housing vouchers, and food stamps to the states.

GOVERNMENT: Romney would link government pay to private sector pay. Gingrich would repeal 130-year-old civil service laws.

BUDGET/DEBT/TAXES: Santorum said he was rated most fiscally conservative in his 12 years in the Senate. He explained earmarking is abused, and would oppose their use as President. We cannot default on the Debt Ceiling, he added. He said Romney is now suggesting raising taxes on the top 1 percent. Romney said the earmark process is broken, and he would ban it, because it opens the door to excessive spending. He supports a line-item veto to deal with earmarks. He would ask if a program justifies borrowing from China to pay for it. He claimed he balanced his state budget all four years. Santorum said the only reason Romney balanced his budget was his state constitution required it. Gingrich wants a balanced budget. He would eliminate capital gains taxes on more than just those earning less than $200,000. Paul said he never voted for a budget deficit, or an increase the National Debt. He said we pay gas taxes into a trust fund, and should get our fair share, but they spend it overseas.

CONSTITUTION: Paul said he is the defender of the Constitution and liberty, and his platform is the road to peace and prosperity. The Constitution does not provide “women’s rights or men’s rights,” There are no group rights. He said we take an oath to our office, not to a political party to vote the way they want.

RELIGION: Romney alleged we have never seen attacks like these against religious conscience, freedom, and tolerance.

ABORTION/CONTRACEPTION: Paul said the government should not spend money on abstinence. Pills don’t cause immorality, people do. Romney alleged Obama was trying to require Catholics to provide birth control, sterilization, and morning-after pills. He said he stood on the side of life, when his legislature refused to define it as starting at conception. He vetoed a bill regarding embryo farming and cloning. He said liberals go crazy over teaching abstinence. He denied requiring Catholic hospitals to provide morning after pills. He said the Mass. health law did not require contraceptive coverage. He said Santorum opposed contraceptives, but voted for Title X. Gingrich claimed state senator Obama voted to protect doctors who killed babies who survived abortions. He wants Planned Parenthood to get nothing. Santorum said, if elected, he would talk about the “dangers of contraception.” He illogically added we have a problem of children born out of wedlock. He said this doesn’t mean he wants a government program to fix it.

ADOPTION: Romney sided with Catholic adoption agencies regarding their preference for placement in homes with a man and a woman. He wanted the Catholic Church to stay in the adoption business, as they were responsible for half of them in Mass.

02/10/2012

Romney: Interest, Dividend, Gains Taxes

Gov. Mitt Romney, who earns 22 million a year, almost all of it from interest, dividends, and capital gains, advocates an abolition of those tax sources as to certain taxpayers, by reducing the current rate from 15% to 0%. His strategy is to first eliminate them on people earning less than $200,000 a year, before abolishing them for higher income persons like himself.

Since Romney was pressured into disclosing his 2010 tax returns in Jan. 2012, showing he paid only 14% in taxes on his 22 million dollar annual income, he suddenly went silent about his desire to reduce to zero tax rates on unearned income. What he said however was clearly recorded at five Republican primary debates.

In Tampa, on Sep. 12, 2011, he advocated “for middle income Americans, no tax on interest, dividends and capital gains.”

In Orlando, on Sep. 22, 2011, he stated: “anybody earning under $200,000” (should) “not pay any taxes on interest, dividends or capital gains.” He promoted: “zero tax on their savings.”

In Des Moines, on Dec. 10, 2011, he promised: “I’d eliminate capital gains, interest, and dividends for people in middle income.” He then added without qualification: “I wanna eliminate taxes on interest, dividends, and capital gains.”

In Manchester, on Jan. 7, 2012, he told the audience: “I eliminate any tax on savings from middle income Americans.” He then added, once again without qualification: “No tax on interest, dividends or capital gains.”

In Myrtle Beach on Jan. 16, 2012, he repeated: “Anybody (in) middle income should be able to save their money tax free.” He went on to say once more without qualification: “No tax on interest, dividends or capital gains.”

There is absolutely no good reason for those receiving $200,000 a year from unearned sources, like interest, dividends and capital gains, to pay no tax, while those who must report to work each day to actually earn the same amount, must pay 35% in taxes.

Spin-meisters for Romney are now trying to get us to believe it was only Gingrich who wanted to eliminate taxes on interest, dividends and capital gains, but President Obama cannot let them get away with that, or let go of this issue as to Romney.

Obama should make people aware of the gross unfairness behind Romney’s policies, and help the public understand that any elimination of taxes on unearned income as to the moderately rich, is just a first step towards Romney’s real goal, which is to abolish them completely as to very wealthy persons like himself.

01/29/2012

Republican Debate: Florida (1-26-12)

ROMNEY’S TAXES: Gingrich said Romney owns shares of Goldman Sachs and lives in a world of Swiss and Cayman Island bank accounts. He said he did not “know of any American president who had had a Swiss bank account.” Romney, who all along has said he is a great money manager, said “my investments are not made by me.” They have “for the last 10 years have been in a blind trust, managed by a trustee.” His trustee invests in mutual funds and bonds, he said, and not in stocks. When Gingrich said Romney made a million dollars off of stock in Fannie Mae and Freddie Mac, Romney denied it. He said his trustee loaned money to Freddie and Fannie and received interest, like from U.S. savings bonds. His trustee diversified investments and reported the money held in Swiss accounts to the U.S. and he paid U.S. taxes on it. Romney repeated he did not inherit money and claimed to have earned it. He said his taxes and charitable contributions took about 40% of his income.

ROMNEY’S PARTY: Gingrich claims Romney voted for Democrat Paul Tsongas in 1992, and when he ran against Kennedy in 1994, he said he was an “independent” who did not want to go back to the Reagan-Bush era. Romney said he never voted for a Democrat when there was a Republican on the ballot.

FOREIGN POLICY: Paul rejects a foreign policy that says we must be the policeman of the world. He opposes nation-building.

PUERTO RICO: Santorum was asked whether Puerto Rico should become a state. He said he believes in “self-determinism” and Puerto Ricans should decide for themselves.

CUBA: Paul said the sanctions against Cuba backfired and caused the Cuban people to rally behind Castro. The Cold War is over, and they are not going to invade us, he said. Romney said he will help the people of Cuba enjoy freedom when Fidel Castro is dead. He thinks Obama has ignored Cuba and Venezuela, and wants more trade with Colombia and Panama. Santorum opposes liberalizing trade or travel with Cuba.

LATIN AMERICA: Paul opposes dictating to Latin Americans what governments they should have. He said Santorum’s definition of standing up for Latin America means supporting dictators and undermining governments through the use of money. Santorum thinks Iran and the jihadists want to set up training camps in Cuba, Nicaragua, and Venezuela. He opposes Latin American leaders Chavez, Noreiga, and Morales. He accused Obama of hanging our friends out to dry for 3 years in Colombia, and of standing with Chavez and Castro, instead of the people of Honduras. He denied wanting to use force in Latin America.

PALESTINE: All of the Republicans pandered to the Jewish vote in Florida. There is no peace between Israel and Palestine, Romney said, because he believes all Hamas wants to do is eliminate Israel and teach people to kill Jews. He incorrectly believes Palestinians do not want a two-state solution. He found fault with Obama for rightfully castigating Israel for illegally building settlements in Palestine in violation of international law. He showed ignorance on this subject by faulting Obama for suggesting a return to the 1967 borders. In an incredible statement, he said thought it was Obama who “disrespected” Netanyahu, when in fact it was Netanyahu who ungratefully and inappropriately lectured our U.S. President. Gingrich continued to defend his prior ignorant statement that Palestinians are an “invented people,” as he stated a belief that they are Syrian, Lebanese, Egyptian or Jordanian, but not Palestinian. He thinks Obama undermined Israel. He would provoke greater tensions by moving the U.S. Embassy from Tel-Aviv to Jerusalem.

MILITARY: Gingrich promised to make Jacksonville, Florida the home of a nuclear aircraft carrier battle group.

SPACE: Gingrich wants six or seven space launches a day. He reminded us when Kennedy said in May 1961: “We will go to the moon in this decade,” no American had even orbited the earth, and the technology didn’t even exist. He wants to give out prizes like the $25,000 Lindbergh received for flying to Paris. He asked: Does the Washington NASA office just sit around and think about space? 90% of those employed under his space plan would come from the private sector. He would get NASA out of the rocket business. Santorum wants young people involved in math and science, but said promising new space programs, when we are borrowing 40 cents on the dollar, is not responsible. Romney accused Gingrich of pandering, by telling NASA workers what they want to hear. He believes in a vibrant and strong space program, but described Gingrich’s plan to put a permanent colony on the moon, as an “enormous expense.” He would fire someone who wanted to spend a few billion dollars on it. He wants a space program related to commercial products. Paul would vote for only that part of the space program that supports national defense. The only things he would send to the moon are “some politicians.”

TRADE: Paul supports free trade in Latin America, including Cuba. Gingrich said the Jacksonville seaport has to be expanded, because the Panama Canal is being widened.

IMMIGRATION: Santorum wants to enforce the immigration laws we have. We need legal immigration he said, to keep our population growing. The first act of responsible immigrants is to obey our laws, and then continue respecting them. He would use the employer E-verify system to enforce immigration. He speculated illegals steal Social Security numbers (who says they are not paid cash under the table, and use no SS number at all). Gingrich pledged to control the border by Jan. 1, 2014. He would fix the visa system to make it easier to come and go. He wants to make deportation easier. He doubts grandmothers would self-deport and would not enter church sanctuaries to deport those who sought shelter. He said Miami has 94 languages, and wants English as the official one, adding everyone should learn it to get jobs. He denied calling Spanish a ghetto language. Romney said the problem with illegals is they take jobs legal residents would like, put their kids in school districts that can’t afford them, and get free health care, because emergency rooms must provide it. He favors work permits and identification cards, an E-verify system, and severe sanctions against employers who hire illegals, so those unable to find work will self-deport. He would not round up people or deport the 11 million illegally in this country. He said his father was born in Mexico. (Since the Constitution limits the Presidency to “natural born” citizens, how was his father able to run for President in 1967?) Romney wants English as the official language and schools to provide English immersion classes. Paul said resentment towards illegals goes up when the economy is down. Businesses are now looking for workers, but can’t find them. We worry about the Afghan and Pakistan borders too much, Paul said, and not enough about our own.

JOBS: Romney said there is 9.9% unemployment in Florida, but it is really 18%. Lowering corporate taxes would get people back to work, he said.

FINANCE: Paul said the Middle Class is losing their jobs and houses, but Wall Street got bailouts. He wants to bring back the gold standard, since it is mentioned in the Constitution.

HOUSING: Paul said, after the crash, the bad paper should have been auctioned off and sold, and it would have been cleansed by now. The problem was caused by excessive credit and interest rates that were too low for too long. The Community Reinvestment Act is affirmative action, he said, which tells banks to make risky loans. The line of credit from the Fed to Freddie and Fannie should have been cut. Romney said Fannie and Freddie are a big part of the housing crisis. They caused a housing bubble that collapsed, and are still offering mortgages to people who can’t afford them. Santorum wrote a letter in 2006 with 24 Senators warning of a meltdown as they requested reforms of Freddie and Fannie. He said we need to decrease the amount of mortgage that can be financed by Freddie. Gingrich said he told Republicans in July 2008 to deny money to Freddie and Fannie.

ENVIRONMENT: Gingrich said the Everglades Restoration Project must be completed.

HEALTH CARE: Santorum said medical savings accounts would get consumers involved in the cost of health care. He reminded voters that Romney and Gingrich supported the individual mandate, and if they are nominated, the issue will be forfeited to Obama. He claims people in Mass are now opting to be fined, because the cost of health insurance is too high. Paul said health care is a greater priority than going to the moon. Health insurance should be affordable for individuals, he said, so employed or not, they can have it. He claims the cost of medicine went up, because the government distorted that sector of the economy, and pumped money into it. He repeated his unfounded belief that before Medicare and Medicaid, nobody was on the streets without health care. Gingrich said the system that existed in the early 1960s was fundamentally less expensive. Romney said it doesn’t make sense to lose your health insurance if you lose your job. He insisted on personal responsibility in Mass to end free riders. He distinguished his plan from Obama’s, saying the President’s cuts Medicare 500 billion, and raises taxes 500 billion.

BUDGET: After Gingrich repeated his claim he balanced budgets four times in the 1990s, Paul pointed out the National Debt actually went up by a trillion dollars in those years, because money was taken from the Social Security Trust Fund. He said neither Reagan nor Gingrich had balanced budgets, as the National Debt went up. Santorum said we must get our financial house in order.

TAXES: Santorum opposes a 0% capital gains tax, saying guys like Romney wouldn’t pay much at all. He theorized when tax rates increase, the rate of return decreases, leading to investments in non-taxable instruments. He said a 28% top bracket was good enough for Reagan, and is good enough for him. His lower bracket would be 10%. Gingrich was asked why under his tax plan he would let someone like Romney pay nothing, and Gingrich said he wants everyone to pay 15%. Paul favors getting rid of the 16th Amendment, which allows income taxes, and said we also would have to get rid of the warfare and welfare systems.

RELIGION: Romney thinks our nation is based on Judeo-Christian ethics. He would seek the guidance of providence in making critical decisions. When the Founders drafted the Declaration of Independence, he said, they referred to being endowed with certain inalienable rights. Gingrich would seek guidance from God. He thinks there is an aggressive war being fought by secular elites in the news media and in the judiciary, against the Christian religion. Santorum actually believes the Constitution exists “to do one thing: protect God-given rights” and said our rights are “god-given rights and not government-given rights”

01/27/2012

Republican Debate: Florida (1-23-12)

FOREIGN POLICY: Paul said Gingrich would have to change his foreign policy to gain his support. He believes it is not the role of the federal government to be the policeman of the world.

AFGHAN: Romney thinks the War in Afghanistan can be ended, not by talking to the Taliban, but by beating them.

CUBA: Paul opposes a military overthrow of Cuba. We propped up Castro for 40 years, Paul said, by imposing sanctions, which gave him the ability to blame everything on the U.S. He reminded everyone he was drafted in 1962 at the height of the Cold War, but it’s not 1962 anymore and the Cold War is over. We now talk to Russia, China, and Vietnam and have trade with them, so why not Cuba? Romney thinks it is dangerous to open travel with Cuba now, but if Castro died, he would work with a new Cuban leader to move them in an open direction. Gingrich favors aggressively overthrowing the Cuban regime. He accused Obama of being infatuated with the Arab Spring, but ignoring a Cuban Spring. Santorum tried to distinguish Cuba from China, by saying the Cuban island is only 90 miles away. He would continue sanctions against Cuba. He would wait until the Castro brothers died. He believes jihadists and Iranians are excited to establish a platform 90 miles off our coast in Cuba, Venezuela, or Nicaragua.

IRAN: Paul does not think Iran will close the Straits of Hormuz, because they need them open as much as we do. He said it is our blockade that would make Iran close the Straits. A blockade is the act of war, he said, and closing the Straits would be retaliation. Americans certainly do not want a hot war in Iran right now. He asked, what would we do if someone blockaded the Gulf of Mexico? Romney said we need opens seas and if Iran shut down the Straits of Hormuz, it would be an act of war. Gingrich said America has no appetite for war, but we didn’t have one when Pearl Harbor was bombed or the World Trade Center was destroyed either. He accused Obama of cancelling a military exercise with Israel, so as not to be provocative. Santorum said Obama does not see the threat Iran poses, not just to Israel, but the entire world. He argued they held hostages, attacked our ships and embassies, and made improvised explosive devices (IEDs) to harm our troops.

MILITARY: Romney believes we are shrinking our Navy. He again repeated the ridiculous assertion that it is now smaller than at any time since 1917. He wants to increase shipbuilding from 9 ships a year to 15. He wants a carrier in the Gulf. We need to be so strong, he said, so they could never defeat us.

SPACE: Romney thinks space exploration should be a priority for science and military development. Gingrich wants a series of space stations built. He wants to offer prizes for going into orbit.

ENGLISH LANGUAGE: Gingrich was asked: Why is it alright to court votes using Spanish TV ads, but not ok for government to serve people using it? Gingrich said there are 86 languages in Miami-Dade County, and 200 in Chicago. We need a central language to unify the country. Romney said Mass allowed teachers to teach in their native languages, and students ended up not speaking English very well. He pushed English language emersion. People must learn English, he said, to be successful in the U.S. Paul said for national business, we need one language, but states should be allowed to accommodate local needs.

IMMIGRATION: Gingrich favors allowing aliens to earn citizenship through military service. Romney favors self-deportation, which is what he thinks they will do if they do not have proper employment documents. Santorum said people are returning home now, because there are no jobs. He speculates they steal Social Security numbers to get work. Someone who came here illegally, he said, is continually breaking our laws. If you want to come to America, respect our laws, Santorum said.

JOBS: Romney again claimed to help create thousands of jobs at Staples, Bright Horizons, the Sports Authority, and Steel Dynamics. Gingrich was asked why the Bush tax cuts have not created jobs. He speculated things would have been worse.

OLYMPICS: Someone please tell Romney to stop mentioning his work on the Olympics, as if it was some great achievement. Who cares if he was in charge of the Olympics? It’s not important.

VULTURE CAPITALISM: Santorum said there is constructive capitalism and destructive capitalism.

FINANCE: Santorum asked Romney and Gingrich why they supported the Wall Street bailout if they believe in capitalism. Why not let destructive capitalism work, he asked? He said financial institutions should have been allowed to go bankrupt. Why prop them up through government? Romney said the derivatives market was not being regulated. Gingrich said Dodd-Frank allowed the biggest banks to get even bigger. He said regulators are walking into banks and telling them not to lend money.

FED: To placate Ron Paul, Gingrich discussed the formation of a commission to bring back the gold standard.

AGRICULTURAL SUBSIDIES: Gingrich was asked if he would do away with subsidies for the sugar industry, and get rid of import quotas that protect them. He said the industry was real good at protecting themselves. Romney would eliminate subsidies and let the markets work properly.

ENERGY: Santorum was asked if off-shore oil drilling was worth it. He believes it is essential to build the Keystone Pipeline and gain oil from domestic sources. Pipelines are safer than off-shore.

ENVIRONMENT: Paul would continue federal financing to protect the Everglades. Santorum said Romney believed in global warming enough to sign a cap on CO2 emissions in Mass.

HOUSING: Paul said interest rates were kept too low for too long. He said he introduced legislation 10 years before the bubble burst to end the line of credit to Freddie and Fannie. The Community Reinvestment Act forced banks to make even more risky loans. Our policy has been to try to keep home prices up, but they should be allowed to fall. We have to liquidate the debt, Paul said. They should have gone bankrupt, and the bad debt would have been wiped off the books. As long as we keep the debt on the books, we are not going to grow. Gingrich told Republicans in July 2008 to deny Freddie Mac any money, because they needed reform. Romney accused Gingrich of failing to speak out against what Freddie Mac was doing. Santorum was asked about the 40% of homeowners in Florida whose homes are underwater and the 53% whose homes are worth less today than before the crisis. He was asked if it was too easy to own a home. He said the Democrats fought a reform of Freddie Mac and Fannie Mae. He said we have to let capitalism work and allow banks to realize their losses. He would allow homeowners a tax deduction for their losses. Romney thinks Dodd-Frank makes it harder for banks to renegotiate mortgages and is killing the residential home market.

LOBBYING: Romney said Gingrich was paid 1.6 million by the chief lobbyist of Freddie Mac to influence Congress. He received $25,000 per month, or $300,000 a year, for services for Freddie Mac. Gingrich said he was paid for consulting, not lobbying. Romney reminded Gingrich he first said he was paid to be a historian. Gingrich said his share for three offices was $35,000. Romney said Gingrich spent 15 years on K Street influence peddling. Romney reminded viewers 84 ethics charges were filed against Gingrich and 88% of the Republicans in the House voted to reprimand him, causing him to resign in disgrace in 1998.

HEALTH CARE: Gingrich said he always favored a stronger Medicare program and favored Medicare Part D. The government would not pay for insulin, but they would cover kidney dialysis. They would not pay for Lipitor, but would cover open heart surgery. It was a terrible way to run Medicare, he said. Santorum said Romney’s health care plan in Mass was the basis for Obamacare, and Gingrich supported the individual mandate for 20 years. Romney said his health care plan, chosen by the people in Mass, is the one the Constitution allows us to have. He then said he opposes a federal mandate.

BUDGET: Gingrich thinks he balanced four federal budgets in the 1990s. He apparently forgot that they came about because Bill Clinton was President, and a democratically controlled Senate voted, without any Republican support, to make it happen.

TAXES: Romney said he paid a lot of taxes and not a penny more than required. He wants to eliminate taxes on interest, dividends and capital gains for those earning less than $200,000. He wants the highest corporate income tax lowered to 25%.  Gingrich called his 15% flat tax proposal a “Romney Tax.” He wants everyone to pay the level paid by Romney. In an inconsistent way, he said he would lower capital gains taxes to zero. Romney responded saying his tax liability would have been zero in that case. Romney refused to follow his father’s example of releasing 12 years of tax returns.

LIFE SUPPORT/DEATH: Santorum was asked if government should get involved in disputes like the 2005 case between the spouse of Terri Shaivo and her parents over removing feeding tubes. Non-lawyer Santorum admitted he asked a “federal” judge to get involved, when such situations are almost always ruled upon in state courts. Non-lawyer Gingrich also argued in favor of federal court intervention, where it clearly does not belong.  Paul correctly said the decision should be made at the state level.

01/25/2012

Obama: 2012 State of Union Speech

IRAQ: For the first time in 9 years, President Obama said, no Americans are fighting in Iraq. He welcomed home the last troops in Dec. 2011, but made the highly questionable comment they made the U.S. safer and more respected around the world.

BIN LADEN: Obama noted Osama bin Laden is dead, and no longer a threat to the U.S. He said most al Qaeda’s top lieutenants are defeated, and those who remain are scrambling.

QADDAFI: Obama reminded us that Libya’s Col. Qaddafi, a long-time dictator, who had U.S. blood on his hands, is also dead.

AFGHANISTAN: Obama said the Taliban’s momentum has been broken. We are winding down the War in Afghanistan, as 10,000 troops already came home, and 23,000 will return this summer.

IRAN: Obama said a world that was once divided on how to deal with Iran’s nuclear program is now united as one, through diplomacy. Iran now faces crippling sanctions and the pressure will not relent. We are determined to prevent Iran from getting a nuclear weapon. He said he took “no options off the table to achieve that goal.” A peaceful solution is still possible, he noted.

ISRAEL: Obama said we have an ironclad commitment to Israel’s security–the closest military cooperation in our history.

VETERANS: Obama said he increased annual VA spending every year as President.

TRADE: Obama said it is now getting more expensive to do business in China. Master Lock’s unionized plant in Milwaukee is now running at full capacity and they brought jobs home. He signed trade agreements that gave U.S. firms new customers in Panama, Colombia and South Korea. He filed twice as many trade lawsuits against China, as Bush did. He said it is unfair when subsidies are given to foreign manufacturers, and created a Trade Enforcement Unit to investigate unfair trade by China.

IMMIGRATION: Obama said we have more boots on the ground than ever before and fewer illegal crossings. We should take on illegal immigration, he said, but believes we need comprehensive immigration reform. We should not expel young illegal aliens, he said, who staff our labs, start new businesses, and defend this country. We should give them a chance to earn citizenship.

JOBS: Obama reminded us 4 million lost their jobs in 2008, in the six months before he took office, and another 4 million were laid off before his policies took effect. Businesses have created more than 3 million jobs in the last 22 months and 600,000 will come from the natural gas industry, by the end of the decade.

MANUFACTURING: Obama wants a new generation of high-tech manufacturing. Long before this recession, he said, jobs started leaving our shores. Manufacturing is now creating jobs for the first time since the late 1990s. Our blueprint for jobs includes manufacturing and we should not return to outsourcing.

AUTO: The auto industry, Obama inherited, was on the verge of bankruptcy, but he refused to let it die. Now, GM is once again the world’s number one automaker, Chrysler has grown, and Ford is investing billions in U.S. plants. The industry has now added 160,000 jobs, and we will soon be selling U.S. cars in Korea.

TRANSPORTATION: Obama noted we have crumbling roads and bridges. He noted we built the Golden Gate Bridge during the Great Depression and the Interstate highway system after WWII.

ENERGY: Obama wants us to control our own energy, so we need not depend on the world. During the past 3 years, he said, millions of new acres, including 75% of offshore oil and gas reserves, have opened for oil and gas exploration. Obama noted the development of natural gas from shale rock. Our oil production, he said, is now at its highest production level in 8 years, and we now rely less on foreign oil than at any time in the past 16 years. He said we cannot cede wind, solar, or battery industries to China or Germany. We are poised to become a leading manufacturer of high-tech batteries. Our century-long subsidization and taxpayer giveaway to oil should be ended. He instead wants clean energy tax credits. We should also help manufacturers eliminate energy waste by upgrading buildings.

FINANCE: Obama said he imposed new rules to hold Wall Street accountable, and will not return to the days when they governed themselves. He announced financial institutions are not going to be bailed out ever again. He told mortgage lenders, payday lenders, and credit card companies, the days of deceptive practices are over, and he asked Congress for greater penalties for fraud.

HOUSING: Obama reminded us the housing market collapsed in 2008, because regulators looked the other way, as mortgages were sold to people who could not afford them, by lenders who knew it. This is why we need regulations to prevent financial fraud. We should not wait for the housing market to bottom out before providing relief, but homeowners should be allowed to save on their mortgages now, through refinancing at lower rates.

HEALTH: Obama will not return to the days when health insurance companies could deny coverage or cancel policies. He reminded Republicans that his new health care law relies on the private insurance market, not a government program.

EDUCATION: Obama wants to lead the world in education. Although states have already raised standards for teaching and learning, he asked them to require students remain in high school until they graduate, or turn 18. We should reward the best teachers and should stop teaching to a test. To help 2 million Americans who need new job skills, businesses should work with community colleges to design courses. He said every family should be able to afford college, and universities have to keep their costs under control. He warned them: “If you can’t stop tuition from going up, the funding you get from taxpayers will go down.” Obama wants to stop interest rates on student loans from doubling in July. He would extend tuition tax credits, and double the number of work-study jobs. He asked Congress not to gut federally financed university labs, researching cancer and computer chips.

DEFICIT: Obama said together we cut 2 trillion from the deficit.

TAXES: Obama wants everyone to pay their fair share of taxes. The tax code must be changed so wealthy persons like Congressional members pay their fair share in taxes. 98% of all Americans make under $250,000 per year. 25% of all millionaires pay taxes at a lower rate than millions of middle class households. Warren Buffett pays a lower rate than his secretary. If a person makes more than 1 million a year, you should pay no less than 30%. Folks at the top, he said, have seen their incomes rise like never before, but for most workers, paychecks have not been growing, and their debts are piling up. He asked Congress to extend the payroll tax cut for working Americans.

CORPORATE TAXES: Every multinational corporation should pay a basic minimum tax. Companies should not get tax breaks for moving jobs overseas or be allowed a “moving expense” for outsourcing. We need to change a tax law that hits U.S. corporations with one of the highest tax rates in the world. Manufacturers in America should receive a tax cut. He noted we now provide tax credits to companies that hire veterans, and suggested tax relief for small businesses that raise wages and create good jobs. We need incentives so they relocate in communities that have been hit hard by factories that left town.

WOMEN: Although there is already a federal law that requires equal pay for equal work, Obama said “women should earn equal pay for equal work.”

CAMPAIGN FINANCE: Obama would do something about the corrosive influence of money in politics and called for an end to perpetual campaigns of mutual destruction.

APPOINTMENTS: Obama wants up or down votes on judicial and public service nominations held within 90 days.

AGENCIES: Obama ordered every federal agency to eliminate rules that make no sense.

01/24/2012

Income Tax: All Sources Need Same Rate

Mitt Romney, who disclosed an income of 22 million in 2010, and lawfully paid only 14% in federal taxes, has on the campaign trail repeatedly championed the cause of the upper 1%, by advocating an end all taxes on interest, dividends, and capital gains, which coincidentally were his primary sources of income. If he becomes the Republican nominee, President Obama must fight back for the 99%, by subjecting “all” sources of income to the same 15%, 28%, 33%, and 35% tax rates, applied to ordinary earned income.

Obama must make the case that Romney, who did nothing illegal, should never have been granted a 15% rate in the first place, but should have paid 35% on his investments, and if he had, the government would have collected 7.7 million in taxes from him, instead of just 3 million, and “poor Mitt” would have netted only 14.3 million of new money in 2010, instead of 19 million.

We need to remember that when the 16th Amendment (1913) was ratified nearly 100 years ago, the income tax was intended to tax only the rich. Its original purpose was to collect income from “all” sources, as it stated: “Congress shall have power to lay and collect taxes on incomes, from whatever source derived….” Current tax law, consistent with the 16th Amendment, still defines “gross income” as “all income from whatever source derived.” It includes “earned income” from wages, as well as “unearned income” from: 1) Interest; 2) Dividends; 3) Capital Gains; and 4) Rents.

While “earned income,” that is, money which comes from actually getting up in the morning and punching the clock at a typical workplace, is taxed for single people at 25% on sums between $34,501 and $83,601, “unearned income,” made by those who can sip a casual cup coffee while reading the Wall Street Journal at the Polo Club, enjoy a much lower 15% rate. While working people must also pay a 7.65% “payroll tax” to the Social Security retirement and Medicare trust funds, Romney-types, who live off the work of others, contribute nothing to those programs.

The rich, who do not need to work, make most of their money from the following sources:

1) “Interest Income” from state and local municipal bonds has a 0% tax rate and is totally exempt from federal taxes.

2) “Dividends” on stocks held for minimum periods are “qualified” and taxed as long-term capital gains, at just 15%.

3) “Capital Gains,” realized from selling investments, held more than a year, are long-term capital gains, taxed at the low 15% rate.

4) “Rental Income,” received by those who can afford to invest in apartments or office buildings, is usually reduced by interest and depreciation expenses, significantly lowering tax liabilities.

Romney argues people like him cannot pay the 35% rate, because that would kill jobs. If he paid 7.7 million in taxes instead of 3 million, jobs would go away, he argues. But why does it matter if he nets 19 or 14.3 million in one year? The truth is: it doesn’t.

Romney, not only wants direct tax cuts on investments, he would lower corporate income taxes from 35% to 25%, triggering even more “qualified dividends” to be issued to him at the 15% rate.

Romney would also help big banks, and hurt local governments by cutting taxes on interest to 0%. Wealthy investors would shift deposits from tax-free state and local municipal bonds to bank accounts, causing more budget problems for local governments.

Romney thinks reducing taxes on interest, dividends and capital gains will help the Middle Class on their investments, but he fails to realize that clearly half of all Americans have absolutely no investments whatsoever–no pensions, stocks, bonds–nothing.

Romney also legally earned far more than his personal tax returns reveal. It would be shocking if he has no Irrevocable Trusts, which file separate returns. The press should ask about them. He should also be pressed to release “multiple years,” as he promised, and perhaps 12, for as his father said in 1967, when he made his taxes public, “one year could be a fluke, perhaps done for show.”

Mitt, who admitted he didn’t grow up poor, is not our man, as he lacks the background to be President. He is consistently out-of-touch with normal people. While “poor Mitt” would bet Gov. Perry $10,000 over the content of his book, most regular people would not have wagered more than $10. Sorry, Mitt, you just cannot relate. We don’t want you as President. You would be appreciated much more if you just made money and paid 35% in taxes.

While the government desperately needs taxes to shore up annual deficits and the National Debt, regular Americans are perhaps now slowly realizing that lowering taxes on the rich, really means increases for all else, since someone has to pay for government.

01/20/2012

Republican Debate: S Carolina (1-19-12)

MILITARY: Paul, who served along the Pakistan-Afghanistan border in the 1960s when he was in the Air Force, would cut overseas military spending. He asked why we have troops in Korea, 59 years after the Korean War ended; or in Japan and Germany, 67 years since WWII. We subsidize those countries, he said. Why are we in Afghanistan now for 10 years, and fighting so many undeclared wars?  He argued it is making us bankrupt. Romney thinks we have an aging Navy and Air Force, and it is wrong to balance the budget on the back of the military. He wants a military so strong no one would even think of testing it.

VETERANS: Paul receives twice as much support from veterans than all the others combined, he said. Santorum would continue the multitude of veteran’s preferences.

SOVIET UNION: Gingrich harbors the delusional belief he and Reagan were somehow responsible for Gorbachev’s unilateral decision to dissolve the Soviet Union.

TRADE: Romney wants to crack down on China, since he thinks they cheat with unfair trade. Santorum was asked about Apple Computers, an American company with 40,000 employed here, and 500,000 in China. He would cut to zero corporate income taxes for companies who manufacture in the U.S. Paul tried to explain the consumer benefits from cheaper products made in China. He said a $100 computer instead of one $1,000 is a benefit, but the audience reaction fell flat. He mentioned foreign auto companies still make money assembling cars in America.

IMMIGRATION: Gingrich would control the border and if needed, move half of the 23,000 who work for Homeland Security to Texas, Arizona, and New Mexico. He would: 1) enforce English as an official language; 2) modernize visas; 3) make it easier to deport; 4) allow guest worker programs; 5) impose enormous sanctions against businesses that hire illegals; 6) have local boards review residency permit applications for those here 25 years; and 7) drop federal lawsuits against South Carolina, Alabama and Arizona. Romney said immigration is a simple matter of forcing employers to check a data base. Those illegally here need to go home, and apply for citizenship, like everyone else. No one should gain an advantage by coming here illegally. Santorum said if you want to become an American, the first thing you have to do is respect our laws. Someone who has been here 25 years, he said, has been breaking the law 25 years, and probably stole someone’s Social Security number. Paul does not believe those who hire should be forced to become policemen, as border guards and the federal government have that job. There should be no federal mandate that forces states to provide medical or educational needs, Paul said. Instead of protecting borders in Afghanistan, Paul said, we should use those resources at home.

VULTURE CAPITALISM: Santorum wants capitalism that works for everybody, including working men and women. Gingrich argued Romney’s Bain Capital leveraged a company in South Carolina and left it with debt. Romney claimed he created 120,000 jobs at four places, and only 10,000 lost their jobs. He said a lot of people benefitted, as profits went to pension funds, charities, and a wide variety of institutions.

JOBS: Santorum wants a Republican Party that talks about putting back to work the men and women who built this country. Paul said the solution is for the government to get out of the way, by reducing regulations, and dropping taxes to zero. The country has to liquidate their debt, Paul said. Regarding jobs, Gingrich would repeal Dodd-Frank, as he thinks it is killing small banks. He would develop natural gas and overhaul the Corps of Engineers.

LABOR: Romney thinks Obama is stacking the NLRB with labor stooges. Santorum pledged to sign a national right-to-work law.

MANUFACTURING: Romney claimed GM was given to the UAW. Santorum noted manufacturing dropped from 21% to 9%, because it costs our companies, excluding labor, 20% more than our top nine trading partners, to do business in America.

ENERGY: Romney wants to use our resources to become energy secure. He complained the 500 million dollar solar energy loan to Solyndra was a waste, as Obama’s rejected the Keystone Pipeline.

ENTITLEMENTS: Santorum believes all Obama wants to do is give people food stamps and Medicaid. He heard Iowa was being fined, because they didn’t sign up enough people for Medicaid. Romney thinks Obama wants to create a European style social welfare state.

HEALTH CARE: Santorum claimed he consistently favored health savings accounts. He accused Romney of promoting a Mass plan, which was not based on the free market. Over half the new people buying health insurance in Mass, he said, were fully subsidized by the state. He also accused Gingrich of supporting an individual mandate for over 10 years, from the 1990s through 2008. As to Gingrich’s idea to make everyone post a $150,000 bond, if they did not buy insurance, Santorum asked how many in the audience could post $150,000. Romney said he would go for a complete repeal of Obamacare. People should be able to take their own insurance with them as they go from job to job, he said. He denied setting up a government-run health care system, since they bought insurance from private companies. He accused Obama of creating a 2,700 page, tax-increasing, Medicare-cutting, monster. He would return health care to the states, and get the government out of Medicaid. Gingrich said to repeal it, a Republican House and Senate must be elected. He claimed to have led the charge against Hillarycare and help write the Health Savings Accounts law. He admitted he was wrong for supporting a mandate. Paul, who apparently did not practice medicine in poor areas, thinks health care “worked rather well” before the government got involved in the 1960s with Medicare and Medicaid. He remembers a fictional world, where “there was nobody on the streets suffering with no medical care.” He accused Santorum of expanding government with the unfunded Prescription Drug law.

BUDGET: Gingrich erroneously took total credit for the 4 years when President Clinton and a Democratic majority in the Senate balanced the federal budget.

TAXES: Santorum would cut the corporate income tax rate to zero. Gingrich opposed President Bush Sr. when he raised taxes, despite a pledge not to do so.

TAX RETURNS: Gingrich put his 2011 tax returns online, showing he paid 31% of 3 million in income taxes. Romney said, over jeers, he would disclose his tax return for this year, when it is due in April, and probably for other years too. He thinks disclose would only serve the purpose of allowing people to attack his financial success. He lied as he added: “I didn’t inherit money from my parents.” He claimed he pays a lot in taxes. When he was asked if he would follow his father’s lead in 1967 and release 12 years of tax returns, because only one year could be a fluke, perhaps done for show., Mitt said just “maybe” and “I don’t know how many years I’ll release.” As the audience jeered him, he then said he would release “multiple” years. Santorum, whose tax rate is higher than Romney’s 15%, said he keeps his records on his laptop, and would release them when he gets home. Paul said he would be embarrassed to disclose his tax returns, because they show so little, but added Congressional financial statements show everything a person might need to know, and he has no conflicts of interest, since he doesn’t even talk to lobbyists.

FREE SPEECH: A question arose regarding the Stop Online Piracy Act, which pits anti-censorship groups against those who say movies and other property are being pirated. Gingrich said the degree of pre-emptive censorship in the law is unacceptable. He though people could use Copyright and Patent protections to sue infringers. Romney argued we should more narrowly go after offshore pirates. Paul said Republicans have been on the wrong side of this issue, as he joined Democrats to oppose it. Santorum opposed the law, but added the Internet is not a zone where people can trample on the rights of others, as property must be respected.

MARRIAGE: The hypocrite Gingrich, who went after President Clinton with a vengeance when he had an affair with Monica Lewinsky, was appalled, as he denounced the media for having the audacity to ask him questions about his affair, while married to his second wife. He described it as a vicious attack of the sort that makes it hard to find descent people to run for public office, and harder still to govern. He then distracted everyone by coming up with the preposterous diversion that he was tired of the media protecting Obama by attacking Republicans.

ABORTION: Romney said he was pro-life, and it was the Mass Supreme Court that made abortion available under his health care law. Planned Parenthood was not mentioned in his law, he said. Gingrich claimed a pro-life voting record of 98.6%. Dr. Paul was taught pregnant women are two patients. Santorum said Paul’s right to life record was only 50%. Paul said abortion should be handled by states, where murder and violent crimes are dealt with.