If a graphic like that is coming from The Heritage Foundation, then it's going to be skewed in favor of the corporations.

A banker with a gun with the authority to us it is a scary thought !!!!

Ditto. We've been watching the news almost constantly in this house and its so frustrating. Thanks to the Tea Party and far right side, there's no way we can get the Bush tax loop holes fixed and that is a HUGE portion of revenue that needs to be returned. I'm not saying spending doesn't have to slow down, but we can't cut enough to cover the lost income without severely hurting more people who just can't take anymore. It's so sad we're babying the rich with tax cuts while the needy might have to take the hit

http://edition.cnn.com/2011/TECH/inn...html?hpt=hp_c2

a fun tidbit that apple now hasd more money than the USA laying around.....

Obama is killing me- now there's this

Super Congress= more power in the hands of fewer people and with less accountability.

http://www.huffingtonpost.com/2011/0..._n_914272.html

The only one who makes sense to me is Bernie Sanders.

Great speech!

Looks like they have some agreement now.. still no closing of tax loopholes. Crazy.

If it were coming from the Heritage Foundation, you'd expect it to show that corporations were paying a lot more taxes (i.e. showing how 'oppressed' corporations are) than the graph shows. As it is, it shows them paying a lot less than the nominal corporate tax rate.

Da Nile is the longest river in Africa...foo

Some pundits claim it was decided that they had to announce something just before the Asian markets opened; in order to calm jitters.

The credit rating agency Standard & Poor's has stripped the US of its top-notch AAA credit rating, downgrading it to AA+ and warning of further future downgrades because of political and economic uncertainty

I guess this will not help the ever lower $?

Tea party governance at it's finest: government doesn't work, and to prove it to you, I'll break it.

According to S&P, the inability of the Goverment to improve revenue (read: raise taxes) is the main driving force behind this.

And yet increased tax revenue was completely off the table. Just like the single-payer and public options were off the table during the health care debate.

The US politicians start with a vision and what they end up with after partisan brinksmanship is something that doesn't look a thing like what the people wanted.

i am reminded of the Dilbert cartoon when Scott Adams illustrated why the world is run by crazy people. In short, the sane people get out of their way.

The Tea Party group is barking mad, and will happily blow up the whole works. Since no one else is willing to stomach the idea of the implosion of the US, they get what they want, regardless of how good an idea it is or isn't.

Ordinarily, people like this would be "not fit to govern." Ordinarily.

so whoever placed this trade must have done pretty well...

http://etfdailynews.com/2011/07/25/i...united-states/

The denial goes right to the top...

"Barack Obama: 'No matter what some agency may say, we are and always will be a AAA country' "

Fixed that for you.