Summary
Despite the economy, there are still 2 million households earning a whopping $250,000 or more per year. (Their average income is $435,000.) If we were to increase these superrich Americans' income tax rate from 35 to 50 percent, we'd bring in an extra $131 billion. If we raised it back to 91 percent - the rate during the boom years between 1 950 to 1 963 - the Treasury would collect $487 billion.
In 2007 Chalmers Johnson wrote a book about the costs of American imperialism. "The worldwide total of U.S. military personnel in 2005, including those based domestically, was 1,840,062 supported by an additional 473,306 Defense Department civil service employees and 203,328 local hires," he wrote. "Its overseas bases, according to the Pentagon, contained 32,327 barracks, hangars, hospitals and other buildings, which it owns, and 16,527 more that it leased. The size of these holdings was recorded in the inventory as covering 687,347 acres overseas and 29,819,492 acres worldwide, making the Pentagon easily one of the world's largest landlords."See the full content of this document
Extract
Yes, I Can
NEW YORK- The federal budget deficit is like the weather. Everybody talks about it; except for Bill Clinton, no one ever does anything about it.
President Barack...See the full content of this document
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