Comments on: Toomey: Deficit deal will be "very difficult"
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- According to Toomey, "American corporate income taxes are far too high." He told CNBC in 2007, "Let's not tax corporations. I think the solution is to eliminate corporate taxes altogether." Toomey defended the executives at bailed-out banks who awarded themselves million-dollar bonuses, arguing in a letter posted on Facebook last year that it was "horrible" to tax these bonuses.
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- Toomey believes that corporations can be trusted to look out for the public good without government regulation: "[W]hen left alone, markets will allocate resources and facilitate the exchanges needed to elevate the general level of prosperity."
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- After Toomey was elected to Congress in 1999, Derivatives Strategy, a trade magazine, proclaimed, "Now the derivatives industry can claim representation by one of its own." Upon his election, Toomey "parlayed his trading experience into a spot on the House banking committee, where he crusaded against regulation of financial markets — especially derivatives." As a Congressional freshman, Toomey said, "I would like to see us continue to deregulate on many fronts, including the financial services industry."
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- In the late 1980s and early '90s, Toomey helped pioneer and made his fortune on interest rate- and currency-related derivative swaps — essentially, bets on whether interest rates and currencies went up or down.
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- The idea behind this was that a small group had the best chance of overcoming the great partisan divide. While dems have been willing to put their biggest sacred items on the table, repubs have not. That reality is crystal clear to all but the archest partisans. Gamesmanship may save the day however. Thanksgiving is coming and most Americans are already turning their attention elsewhere. Don't be surprised to see something emerge by Wednesday, in time to be submerged in turkey and black Friday. That deadline was not set mindlessly.
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- who is grover norquist, and why do the republicans answer to him and not the american people?
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- They are but children in a very expensive playpen with one seeing the others toy as his..And if any of the kids from the less desirable neighborhood show up they want to hide them for themselves...I agree it is time for a change to the system..Force them into 1 term runs..not 30 years at a time.
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- The atmosphere in Washington is poisonous. Congress has made it that way. VOTE EVERY SINGLE INCUMBENT OUT!
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- Republican Senator Kyl (AZ) is already proposing an addition of over 1/2 trillion to the federal deficit to prevent defense cuts -- so much for Republicans ending the BUSH ERA overspending policies.
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- Who really thought this bunch of entrenched incumbents could ever pull this off? This bunch is too deep in the pockets of the special interests to ever do the right thing.
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