Osama Bin Laden targeted the financial district, the Twin Towers, a direct hit to the U.S. economy and stability in the world.. he wanted to cripple the US economy.
Now we have Obama who has out spent all the previous Presidents before him, growing the deficit to 9 trillion dollars and with Obamacare will increase it to more than the US GDP to 14 trillion dollars.. making the USA into a European crap hole and selling American youth to China.
I suppose we shouldn't let facts get in the way of the diatribe.
But we must ask who was going to pay for the Iraq and Afghanistan wars? They lowered the tax rate for the high earners and wouldn't let those Bush Tax cuts sunset. So instead of those Romney esque money makers paying 14% tax the patriots of past paid what it took to protect the country.......
And I don't know how one could not be aware of who is shipping jobs to China...........
Romney makes $450,000 per week from his blind trust.
• Bain is closing a factory and shipping equipment and jobs to China
• The US government has paid $780,000 retraining fired Sensata workers.
• Bain can deduct the expense of moving to China from US taxes.
• US workers at the Sensata factory have to train their Chinese replacements.
• Romney owns about $8 million worth of Bain funds that hold 51 percent of Sensata’s shares
These are high-tech, well paid jobs performed by skilled American workers.
• Workers in the Sensata factory in China make 99 cents an hour.
• Chinese laborers work 12 hour shifts, 7 days per week.
• Chinese workers are housed 2 to 3 to a room in barracks
• The American workers set records for profits for Sensata
World War I
In order to finance U.S. participation in World War One, Congress passed the 1916 Revenue Act, and then the War Revenue Act of 1917. The highest income tax rate jumped from 15 percent in 1916 to 67 percent in 1917 to 77 percent in 1918. War is expensive.
After the war, federal income tax rates took on the steam of the roaring 1920s, dropping to 25 percent from 1925 through 1931.
The Depression
Congress raised taxes again in 1932 during the Great Depression from 25 percent to 63 percent on the top earners.
World War II
As we mentioned earlier, war is expensive.
In 1944, the top rate peaked at 94 percent on taxable income over $200,000 ($2.5 million in today’s dollars3). That’s a high tax rate.
History of Federal Income Tax Rates: 1913
Romney's Bain Selling Out American Workers to China - YouTube