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The other day the News & Observer wrote a long report comparing the State House and State Senate budgets – but who, other than a certified budget expert with a PhD, could figure out the welter of numbers?
 
The newspaper wrote – in great detail – about who spent money on what: How the House funded a non-profit with a high sounding name (the Rural Development Center) which the folks in the House appear to view as essential to the public good but the folks in the Senate appear to view as an old-fashioned political slush fund (they refuse to spend a penny on).
 
But, beyond this welter of numbers, in the end this debate may boil down to one simple number: Who spent the most – the House or the Senate?
 
Because once that’s clear folks who want less government will support the budget that spends the least – and folks who favor more government will come down on the other side.
 
So what’s the number? Who spent the most? The House or the Senate?
 
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clarence swinney
# clarence swinney
Thursday, June 13, 2013 5:56 PM
FALL OFF CLIFF
The first three months of 2013 saw wages fall 3.8%, the largest drop in 65 years.
That despite an increase in worker productivity. High unemployment frees employers from fear employees will go elsewhere. The U.S. recovery has been marked by a decoupling of rising productivity from stagnant wages.

The gloomy outlook partly reflects the predominance of low-wage service jobs.
44 million minimum wage. Increasing the Minimum Wage would offset downward pressure
to the bottom.

The recovery has been great at the top. CEO pay is at record highs of 9.7 Million per year.
Choo
# Choo
Thursday, June 13, 2013 10:48 PM
We want less spending, they are spending someone else's money, why should they care.
clarence swinney
# clarence swinney
Friday, June 14, 2013 11:46 AM
TAX HAVENS
The Institute For Policy Studies new report on tax havens is awesome.
59 companies had $544 billion in U.S. profits at he end of 2012. They are holding offshore $1700-2000 Billion in “profits” much of which was gained in U.S. Sales. All taxes paid elsewhere are deducted from U.S. Obligations.
General Electric has 38B from 108B of income. Honeywell had a 43% increase to 11,6B in 2012.
If they return these profits to the U.S. They would not pay $544 Billion but US Tax Rate on it.
That would help but only dent the 700B Deficit . In 2010, corporations paid a 12..5% Tax Rate.
The firms say if they do return it then it would be used for job creation . Dream on!
Www.ips-dc.org/globaleconomy

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