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IMF Executive Board Completes Review of the Fund s Income Position for FY 2024 and FY 2025–2026
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in some cases it s over 100%. you are worse off. until you make a lot more money you ll be worse off. right. the poverty track. you re stuck in that lower income position. obamacare deepens that poverty trap. that s why there are going to be a lot of personal tragedies behind the numbers here. obamacare is officially doing, exacerbating the problem the president talks so much about is the ability of people to rise from the bottom of the ladder to the top. now you have a huge disincentive to keep working or work more. for the record, i think i speak for all the staff, if you say you re cutting all our hours down to 35, i don t think any of us would look at that as progress, something we want to occur. i think the significance of the cbo critique this week is this is a group that was
ron, this president wants to get things done. i would imagine everyone wants to get things done, but we re hearing about road blocks and how things may not get done. the stalemate is real. it fundamentally reflects two coalitions very different income position and ideology, very different visions for the country, and neither one of which has the strength to impose its agenda on the other, and they re having enormous difficulty finding areas of compromise. the legislative window for the president in the second term was narrow to begin with, given the fact that republicans are resistant to what he wants to do and are mostly barricaded into conservative districts where he had very little leverage to begin with. as his approval rating declines and democrats from marginal areas are becoming more antsy, it increases the odds we live through the stalemate, it is a fundamental stalemate making it difficult to move forward on any of the problems and others that allen mentioned.
we just had we came off in the early to mid 2000s the biggest boon in the nation s history. then we went to the second biggest recession. imagine that concept that you just talked about where these people have paid into it and now they re in a different income position. that doesn t make sense. any kind of means test should be done at the time of consumption. for example, if i can afford to pay my health care i should pay for it. if we really care about the dpef city deficit and debt issues. the key thing which is my mantra is that no one cares about the deficit and debt. no. that s a given. well said. they don t talk about it. it s the word they give to the stuff they really care about. richard arenberg, sam seder, don pooebls and msnbc contributor victoria did he francesco soto,
neil: no doubt, but i m saying, that person, that couple, very different from you, very different from your friends. i m not going to disagree. but remember what we re talking about a raising marginal rates. it s not as if when you raise marginal rates above $250,000. neil: you re okay with bringing it to with how do yu feel about passive income for medicare and 0.9 payroll tax on top of this. that brings the top rate up to 44, 45%. i would emphasize the word conceivably. neil: are you for that? i m in favor, yes. neil: you re a tough businessman. regardless of your income position, wouldn t you argue it s better to look at how money is spent than pouring more money at the folks spending it? i m absolutely in favor of reducing government waste, no question about it.
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