Most of that $xxT is guarantees.
The real cost of this assistance isn't going to be as high as the scary headline number, but the real cost would be much higher (in lost output if nothing else) if Uncle Sam hadn't stepped in.
http://www.bloomberg...kwtCA4&refer=home Commitments include a $500 billion line of credit to the FDIC from the governmentÂs coffers that will enable the agency to guarantee as much as $2 trillion worth of debt for participants in the Term Asset-Backed Lending Facility and the Public-Private Investment Program. etc. Cheers, Scott. |
Steve Benen on the Republican budget proposal.
- (Another Scott)
- (87)
- April 1, 2009, 09:13:42 PM EDT
Take away deductions and loopholes
- (beepster)
- (86)
- April 1, 2009, 10:53:05 PM EDT
That's as likely as their proposed cuts and spending freeze.
- (Another Scott)
- (85)
- April 1, 2009, 11:23:32 PM EDT
Um...
- (beepster)
- (84)
- April 2, 2009, 12:12:54 AM EDT
You're doing it again...
- (Another Scott)
- (83)
- April 2, 2009, 12:33:34 AM EDT
Really, I should read the memo then..
- (beepster)
- (80)
- April 2, 2009, 12:57:38 AM EDT
I keep hearing people say that
- (drook)
- April 2, 2009, 01:34:02 AM EDT
In addition to Drew's comments, here are some more...
- (Another Scott)
- (78)
- April 2, 2009, 07:52:03 AM EDT
Excuse me, but where..
- (beepster)
- (77)
- April 2, 2009, 03:42:25 PM EDT
You're just using many of their talking points.
- (Another Scott)
- (2)
- April 2, 2009, 04:10:21 PM EDT
I take it you dont smoke
- (boxley)
- (1)
- April 2, 2009, 04:53:21 PM EDT
Nope.
- (Another Scott)
- April 2, 2009, 05:05:13 PM EDT
Are we talking absolute, or percentage? Inflation adjusted?
- (drook)
- (73)
- April 2, 2009, 05:15:00 PM EDT
what percentage of your working life
- (boxley)
- (1)
- April 2, 2009, 05:26:18 PM EDT
On quitting smoking.
- (Another Scott)
- April 2, 2009, 05:49:09 PM EDT
Absolute.
- (beepster)
- (70)
- April 2, 2009, 06:30:43 PM EDT
if we raise taxes on booksellers on the web
- (boxley)
- (65)
- April 2, 2009, 07:15:41 PM EDT
Wouldn't affect it much
- (drook)
- (54)
- April 2, 2009, 09:55:36 PM EDT
thank you for proving my point
- (boxley)
- (53)
- April 3, 2009, 08:59:01 AM EDT
It's a pointless one
- (drook)
- (52)
- April 3, 2009, 09:42:10 AM EDT
????
- (beepster)
- (50)
- April 3, 2009, 09:55:51 AM EDT
Evidence, please.
- (Another Scott)
- (3)
- April 3, 2009, 10:12:24 AM EDT
The cig tax
- (beepster)
- (2)
- April 3, 2009, 10:15:04 AM EDT
I've already addressed that.
- (Another Scott)
- (1)
- April 3, 2009, 10:17:38 AM EDT
Wait for the next one.
- (beepster)
- April 3, 2009, 10:24:37 AM EDT
Put up or shut up
- (drook)
- (45)
- April 3, 2009, 10:14:26 AM EDT
You are on crack, arent' you.
- (beepster)
- (43)
- April 3, 2009, 10:23:17 AM EDT
You're putting up a proposition about taxes.
- (Another Scott)
- (36)
- April 3, 2009, 10:28:06 AM EDT
cap and trade will get everyone
-NT
- (boxley)
- (35)
- April 3, 2009, 10:35:30 AM EDT
It's supposed to be impact neutral to family budgets.
- (Another Scott)
- (33)
- April 3, 2009, 10:43:36 AM EDT
Yep...and the government has never lied to you, have they?
- (beepster)
- (31)
- April 3, 2009, 10:46:37 AM EDT
So you oppose this. What do you support?
-NT
- (drook)
- (30)
- April 3, 2009, 10:48:35 AM EDT
Once again
- (beepster)
- (29)
- April 3, 2009, 11:19:40 AM EDT
read obamas lips, he is lying like every other pol
-NT
- (boxley)
- (2)
- April 3, 2009, 11:38:16 AM EDT
don't tell scott that
- (beepster)
- (1)
- April 3, 2009, 11:49:21 AM EDT
naw, he is desparate to believe in the dream
- (boxley)
- April 3, 2009, 12:08:50 PM EDT
Specifics would be nice.
- (Another Scott)
- April 3, 2009, 12:42:33 PM EDT
Couple reminders
- (drook)
- (24)
- April 3, 2009, 01:24:18 PM EDT
Reminders of what, exactly?
- (beepster)
- (23)
- April 3, 2009, 02:49:22 PM EDT
A "bill of attainder" is unconstitutional. HTH.
-NT
- (Another Scott)
- (5)
- April 3, 2009, 03:07:25 PM EDT
tell that to the congress re: aig bonus taxes :-)
-NT
- (boxley)
- (4)
- April 3, 2009, 03:14:09 PM EDT
Notice that talk of that died down in the Senate.
- (Another Scott)
- (3)
- April 3, 2009, 03:21:49 PM EDT
Key difference
- (beepster)
- (2)
- April 3, 2009, 03:38:03 PM EDT
Back up.
- (Another Scott)
- (1)
- April 3, 2009, 03:43:14 PM EDT
read back
- (beepster)
- April 3, 2009, 03:56:29 PM EDT
Wasn't my intention to focus on corporate taxes
- (drook)
- (16)
- April 3, 2009, 03:13:18 PM EDT
what is this recently BS?
- (boxley)
- (15)
- April 3, 2009, 03:17:05 PM EDT
The inheritance tax doesn't do that
- (drook)
- (14)
- April 3, 2009, 03:32:32 PM EDT
so the state only seizes 45% difference in degree only
- (boxley)
- (13)
- April 3, 2009, 03:38:56 PM EDT
So 0.5% would *also* difference in degree only?
- (drook)
- (12)
- April 3, 2009, 04:24:01 PM EDT
so one only rents money from the state?
- (boxley)
- (11)
- April 3, 2009, 05:35:42 PM EDT
I'll take a page from Beep's playbook for this one
- (drook)
- (10)
- April 3, 2009, 05:47:18 PM EDT
:-) you said complaining about said tax was recent
- (boxley)
- (9)
- April 3, 2009, 06:05:12 PM EDT
bing bing bing
-NT
- (beepster)
- April 3, 2009, 07:09:08 PM EDT
No, I said calling it a "death tax" was recent
- (drook)
- (7)
- April 3, 2009, 07:26:02 PM EDT
Exactly.
-NT
- (Ashton)
- April 4, 2009, 04:52:15 AM EDT
sure it is
- (boxley)
- (5)
- April 4, 2009, 08:25:07 AM EDT
Don't be intentionally dense. It's unbecoming.
- (Another Scott)
- (4)
- April 4, 2009, 09:20:18 AM EDT
I have heard the term death tax since I was a kid
- (boxley)
- (3)
- April 4, 2009, 02:24:55 PM EDT
Ok.
-NT
- (Another Scott)
- April 4, 2009, 02:42:59 PM EDT
Waddaya 'spect in a place where Cholmondeley is pronounced
- (Ashton)
- (1)
- April 4, 2009, 05:35:38 PM EDT
we had "glagow" eddie burns, frank the hunky
- (boxley)
- April 4, 2009, 06:02:45 PM EDT
so is the fair tax
-NT
- (boxley)
- April 3, 2009, 11:06:26 AM EDT
darn it box...I was saving that one.
-NT
- (beepster)
- April 3, 2009, 10:44:15 AM EDT
Poison pills don't count
- (drook)
- (5)
- April 3, 2009, 10:36:59 AM EDT
Inventing my position doesn't either
- (beepster)
- (4)
- April 3, 2009, 10:42:42 AM EDT
Try speaking clearly then
- (drook)
- (3)
- April 3, 2009, 10:47:50 AM EDT
You're still asking me
- (beepster)
- (2)
- April 3, 2009, 10:54:09 AM EDT
No, I'm asking you to TAKE a position
- (drook)
- (1)
- April 3, 2009, 12:53:11 PM EDT
Stated above
- (beepster)
- April 3, 2009, 02:50:47 PM EDT
severl ways to even a playing field
- (boxley)
- April 3, 2009, 10:24:56 AM EDT
dont think nother gets that
-NT
- (boxley)
- April 3, 2009, 09:57:43 AM EDT
I'd also be interested in Beep's take.
- (Another Scott)
- (9)
- April 2, 2009, 10:38:53 PM EDT
For Pete's sake...how hard is it?
- (beepster)
- (4)
- April 3, 2009, 08:50:56 AM EDT
Let's play Reductio ad absurdum
- (Another Scott)
- (3)
- April 3, 2009, 10:09:30 AM EDT
And taxes are paid by consumers.
- (beepster)
- (2)
- April 3, 2009, 10:13:00 AM EDT
See my other post
- (drook)
- (1)
- April 3, 2009, 10:18:50 AM EDT
Thank you. You're much clearer than me.
-NT
- (Another Scott)
- April 3, 2009, 10:20:19 AM EDT
Just found this today
- (drook)
- (3)
- April 9, 2009, 12:05:39 AM EDT
Problem with this
- (beepster)
- April 9, 2009, 12:32:59 AM EDT
That reminds me....
- (Another Scott)
- (1)
- April 9, 2009, 12:41:20 AM EDT
Drucker is only applicable to commodities
- (drook)
- April 9, 2009, 01:53:10 AM EDT
It would suggest that that 40% ... making *20%* of the gross
- (Ashton)
- April 2, 2009, 08:14:10 PM EDT
"Absolute" - well that's a risky bet.
- (Another Scott)
- (2)
- April 2, 2009, 09:03:39 PM EDT
only in america
- (boxley)
- (1)
- April 2, 2009, 09:21:34 PM EDT
There was a certain logic to it, at one time.
- (Another Scott)
- April 2, 2009, 09:59:58 PM EDT
since the expeditures under discussion is about to pass gdp
- (boxley)
- (1)
- April 2, 2009, 09:04:41 AM EDT
Most of that $xxT is guarantees.
- (Another Scott)
- April 2, 2009, 10:12:23 AM EDT