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Octafish

(55,745 posts)

64. Remember when citizens could deduct credit card interest payments from federal taxes?

Wed Jan 1, 2014, 06:34 PM

Jan 2014

Pruneface Reagan and a bipartisan Congress closed that loophole, for some reason. OK, not the end of the world, but still crummy when contrasted with all the breaks big money gets. Then Smirko Bush and a bipartisan Congess - Hi, Hillary! - made personal bankruptcy a life destroyer for middle class and poor families. That change helped big money, too, though. What a coincidence.

Most importantly: Happy New Year to You and Yours, SoCalDem!

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The Shocking Redistribution of Wealth in the Past Five Years [View all] Octafish Dec 2013 OP

Under a Democratic president. nt LWolf Dec 2013 #1

During a recession caused by Wall Street jsr Dec 2013 #3

and what repercussions have they faced? frylock Dec 2013 #18

None--they are Swilling at the trough warrant46 Dec 2013 #31

I voted for Obama because he said he would send the banksters to jail. Octafish Dec 2013 #7

+1 a whole bunch.......nt Enthusiast Jan 2014 #56

The President said, "Corporate taxes are too high." Enthusiast Jan 2014 #55

That's what Reagan and two Bushes said, too. Octafish Jan 2014 #58

Grover Norquist has little Reagan statues on an altar in his mother's basement. Enthusiast Jan 2014 #66

The good news is this is unsustainable 1000words Dec 2013 #2

NOTHING they do is sustainable G_j Dec 2013 #5

Historically, yes. That doesn't mean it will hold in the future. Octafish Dec 2013 #8

They are fearless MattBaggins Jan 2014 #47

Sociopaths don't think that way. zeemike Dec 2013 #15

They only have cornered wealth because Americans allow them to get away with it. Hopefully, RKP5637 Dec 2013 #27

Capitalism, by its nature is unsustainable. RoccoR5955 Jan 2014 #45

But in the meantime. civillawyer Jan 2014 #67

And how many of rrneck Dec 2013 #4

That's what all the police are for. Octafish Dec 2013 #9

Yep. Twenty first century Pinkertons. nt rrneck Dec 2013 #14

Portrait of a police state! n/t RKP5637 Dec 2013 #28

What so amazing is that so many here --- want to disarm the Proletariat warrant46 Dec 2013 #33

If you think that its guns that made people powerful... daleanime Jan 2014 #43

Nice try warrant46 Jan 2014 #44

And you think the second amendment has something to do with this? DireStrike Jan 2014 #46

Obviously not.... daleanime Jan 2014 #52

Yes, it's something asserted be people who are completely clueless about seizing & holding power... Lizzie Poppet Jan 2014 #68

........ daleanime Jan 2014 #69

Nah. Obama's 30,000 Drones are for the 99%. blkmusclmachine Jan 2014 #36

The plutocracy chugs on, despite who is in office Rex Dec 2013 #6

We the People now are -- officially -- on the hook for the Wall Street casino, Rex... Octafish Dec 2013 #11

As long as there are no rules to stop them, they will keep on keeping on. Rex Dec 2013 #22

Sad sigh. And a sadder K&R. Thanks Octafish... I think... riderinthestorm Dec 2013 #10

Sorry, riderinthestorm. The truth is depressing. Octafish Dec 2013 #12

some brainiac thought sticking in FATCA in the jobs bill would catch these Americans Abroad tax riverbendviewgal Jan 2014 #50

Dems will spend ALL of their political capital begging for a 3% change.... Spitfire of ATJ Dec 2013 #13

Time for New Deal 2.0 Octafish Dec 2013 #19

Don't you have anything good besides hate for Obama!? Phlem Dec 2013 #16

Really, I do think the world of the President. Octafish Dec 2013 #20

As I. Phlem Jan 2014 #34

Recommend: And a Happy New Year to You "Octafish" KoKo Dec 2013 #17

Thank you, KoKo! Here are all my JFK Conference threads... Octafish Dec 2013 #23

Thank You...Have Bookmarked! KoKo Dec 2013 #25

Excellent post, again. Thanks. Scuba Dec 2013 #21

The word 'Austerity' missing from US news coverage. Octafish Jan 2014 #51

We need long term solutions...... Cryptoad Dec 2013 #24

The New Deal created the Middle Class... Octafish Jan 2014 #57

So when does the trickle down happen again? n/t ybbor Dec 2013 #26

Silly you. MattBaggins Jan 2014 #49

Never. Octafish Jan 2014 #61

that's kinda hard to believe hfojvt Dec 2013 #29

Happy for you! Octafish Jan 2014 #62

it happens to be the only example I have detailed knowledge of hfojvt Jan 2014 #74

Thanks Octafish, for the on-going education. May you have a safe and peaceful New Year! Mnemosyne Dec 2013 #30

Happy New Year to You and Yours, Mnemosyne! Octafish Jan 2014 #63

No problem.. SoCalDem Dec 2013 #32

Remember when citizens could deduct credit card interest payments from federal taxes? Octafish Jan 2014 #64

I sure do.. there used to even be a reliable renter's tax credit too SoCalDem Jan 2014 #65

Change! The kind that rattles around in your pockets. blkmusclmachine Jan 2014 #35

And now, we get to hope to get some of it. n/t Egalitarian Thug Jan 2014 #59

du rec. xchrom Jan 2014 #37

Paul Buchheit Octafish Jan 2014 #70

President Obama ProSense Jan 2014 #38

All that is well and good, but it's Year Six and there's still no New Deal for the 21st century. Octafish Jan 2014 #71

Given that's a ProSense Jan 2014 #80

The wealthy are wondering durablend Jan 2014 #39

K&R. The shocking work of this administration on behalf of the One Percent woo me with science Jan 2014 #40

You make Obama sound like an intern at the world's largest corporate law firm. Coyotl Jan 2014 #41

"Lest we forget:" ProSense Jan 2014 #42

Yep. There it is again. lonestarnot Jan 2014 #48

Entering Year 33 of Trickle Down... Octafish Jan 2014 #76

It has taken its toll and everything else down to the last crumb. lonestarnot Jan 2014 #81

EVERYTHING POSSIBLE has been done to bolster the wealthiest of the wealthy democratisphere Jan 2014 #53

Austerity is working. Octafish Jan 2014 #75

we need to start stamping that on all the 1's and 5's! CarrieLynne Jan 2014 #54

kick. rec. save. n/t BlancheSplanchnik Jan 2014 #60

K&R - I was doing somewhat okay until I got sick... Jasana Jan 2014 #72

Thank you for sharing, Jasana. You have expressed what the vast majority of this nation now face... Octafish Jan 2014 #87

R#135 & K for, thanks for arming me with this to slap the "REDISTRIBUTION OF WEALTH" wingnuts UTUSN Jan 2014 #73

Forbes summed, heh, it up well... Octafish Jan 2014 #84

"Today our wealth gap is worse than that of the third world" snagglepuss Jan 2014 #77

Tee vee seldom, if ever, mentions that important news. Octafish Jan 2014 #85

In 1988 after first reading about the fabulous wealth in Dubai, snagglepuss Jan 2014 #78

Petromonarchs and their Toadies Live and Fly Large Octafish Jan 2014 #79

"petromonarchs" What an apt term snagglepuss Jan 2014 #88

kick woo me with science Jan 2014 #82

kick woo me with science Jan 2014 #83

The President is getting his FAST TRACK OF THE TPP! woo me with science Jan 2014 #86