The U.S. has a low 24% tax-to-GDP ratio in 2009, compared to 34.3% in the UK, 25.6% in Korea, 30.3% in Switzerland and 46.4% in Sweden. The only countries in the OECD lower than us is Mexico (17.5%) and Chile (18.2%).
Proving once again that Donald Trump knows a bit about publicity, the business man and real estate mogul will make an announcement on the season finale of "Celebrity Apprentice" about his intentions on running for the White House.
Paul Ryan did a huge favor to President Obama and the Democratic party by releasing a budget that takes money from Medicare to pay for tax cuts for the rich.
Carper wants to kill Social Security in order to save it for his sons. That's mighty big of him isn't it? I'd suggest that one way to save it would be to allow Tom Carper to continue paying into Social Security beyond the first week of the new year. If rich folks like Carper kicked in a few cents more each year, we could stop taking about this phony issue. But that would expose me as one of those dirty hippies.
This is posted and linked for the folks (like me) who couldn't watch or listen to the speech this afternoon. The video is about 43 minutes long. Link to the transcript at whitehouse.gov is also provided if you'd rather read it.
President Obama's speech is scheduled to begin at 1:35 today. I will try to live blog this in the comments - any commenter help would be greatly appreciated! Meanwhile, Greg…