The Facts on Cheney and Halliburton

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Registered: 10-08-2004
The Facts on Cheney and Halliburton
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Fri, 10-08-2004 - 1:58am
If you're interested in reading the facts on Cheney and Halliburton as investigated by the independent fact check service at the University of Pennsylvania take a look at http://www.factcheck.org/article.aspx@docID=261

The quick summary is Halliburton should be a non-issue. Dick Cheney had severed ties with Halliburton prior to accepting his job as VP and he has not/is not receiving any financial benefit from the later Halliburton excesses.

Halliburton was the only company capable of taking on the Iraq contract - why anyone would suggest the government should take bids on any project from companies that could not fulfill the need is beyond me - like saying you'd consider an RN for your heart surgery because she might be cheaper and you wouldn't want the only heart surgeon in town to have a monopoly on the business?

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Registered: 03-25-2003
Sat, 10-09-2004 - 2:26pm
Yep.

Carrie, Mom of Alex & Anna

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Registered: 10-08-2004
Sat, 10-09-2004 - 2:38am
Sorry about your FIL. I know how hard it is for the elderly - my mother has Parkinsons, lives on social security and has only medicare for health coverage. Yet she and my father are both supporting Bush in this election because they don't trust Kerry to run the country.

It's a tough choice when both of the candidates are so spin controlled they can only utter memorized sound bites, no one will give a straight answer to a question and admitting mistakes is out of the question - cause lets face it both these guys make them now and will make them on the job.

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Registered: 03-25-2003
Fri, 10-08-2004 - 11:12pm

Yep sorry - I did miss your point.

Carrie, Mom of Alex & Anna

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Registered: 10-08-2004
Fri, 10-08-2004 - 9:04pm
It appears you missed my point.

What do you consider middle class these days? It used to be to work hard, own a home and pay your bills. Maybe once every five years you'd get to take a vacation. The situation I previously described is the reality for thousands of small business owners in CA. I did not state they couldn't get by - nor did I suggest you should pity them. My point was these individuals are already paying their fair share. Yes, they are getting by and perhaps through personal fiscal discipline getting a little ahead but that's about it. I find it very hard to define them as wealthy unless we're talking comparisons to third world countries here.

What expenses would you suggest the example family cut to pay additional taxes? Maybe their disability insurance, that's not a necessity (unless someone gets hurt then they declare bankruptcy and become an additional burden on the system) or perhaps they shouldn't bother with retirement savings – not that they can afford it to begin with (after all they can count on social security and Medicare right?)

Or maybe they should just take your tongue-in-cheek suggestion of moving to another "less expensive" location. After all, it’s really not that hard to uproot your kids and start that business up from scratch, build a loyal customer base and all that. Of course this presupposes there is even a demand for that business in another "less expensive" location.

Enjoy the debate this evening - will be interesting to see if anything changes from last week. In spite of how my posts may sound, I don't love Bush - I'm just convinced Kerry is a power-hungry, chameleon who will say or do anything to get in to office. This country has no idea what his real agenda would be if he were elected and with his more-liberal-than-the-liberals credentials I really hope we don't have to find out.

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Registered: 03-25-2003
Fri, 10-08-2004 - 6:42pm
I don't argue that certain places *do* have a higher cost of living. But in your example I have to point out one HUGE variable. You are talking about self-employed people who pay their own social security in the form of self-employment tax (at a rate of 15.3%on 92.35% of their net income, after expenses). That is a huge difference, compared to somebody making $200K on a salary (and probably with benefits too).

Also, I just don't have that much pity for somebody who can't manage their cash on $200K. If it isn't enough then you need to either charge more for your services or move someplace cheaper ;-)

Carrie, Mom of Alex & Anna

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Registered: 10-08-2004
Fri, 10-08-2004 - 6:22pm
No doubt both sides do their best to spin the facts to their advantage. In the instance you bring up of Kerry only raising taxes on the "wealthiest" of Americans I respectfully disagree.

Here in California the median cost of housing is over $500K (not to mention property tax) You'll pay $2.50 a gallon at the cheap gas stations, healthcare for a family of four runs around $900 a month and you'll pay 8.75% sales tax on anything you buy.

A small business owner earning $200,000 annually pays 40% off the top in taxes. Allocate the next 70% of their monthly income to afford median priced housing and healthcare. This leaves our example with a whopping $3000 a month for EVERYTHING else - we haven't talked about costs of transportation, insurance, food, gas, electric, water - let alone retirement or college savings. I could agree this is wealthy if we're talking Africa standards but it's decidely middle class here in the US. (And before anyone tries to tell me how healthcare costs will be different under Kerry - his plan will give exactly 3% of the currently uninsured population new coverage - and for the other 97% of us struggling to get by nothing changes from what you have today.)

Yes earning $200,000 may sound like a dream - until you live in a location where you can earn $200,000 and realize that what the government doesn't already take is quickly eaten up by your cost of living in that location. You may even start to understand what Republicans mean when they talk about tax dis-incentives. Why grow your business and employ an additional worker or two when your take home pay drops as your profits go up?

I will be the first to agree we need tax reform, but give me Bush's plan for a flat tax that closes the loopholes for Teresa Heinz Kerry who is currently paying an estimated 2% tax on her annual income.(Did you know she is on the list of top 100 wealthiest Americans?) Kerry's rhetoric sounds good in this instance, but, as with all politicians, the realities often check out to be mighty different.

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Registered: 03-26-2003
Fri, 10-08-2004 - 10:22am

You don't have to choose the RN to do the heart surgery but, if the cardiologist also formerly ran the hospital, you might want to accept bids from others to make sure the appearance of favoritism was not shown.


Why would it have been wrong to make the bids competitive

"I do not want to be a princess! I want to be myself"

Mallory (age 3)

      &nbs

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iVillage Member
Registered: 03-25-2003
Fri, 10-08-2004 - 9:26am
Interesting stuff. How about this one?

http://www.factcheck.org/article.aspx@docID=247

From what I gather here, Bush is clearly misleading the people about Kerry's record, AND Kerry has shown a consistent position on raising taxes on just the wealthiest people.

Carrie


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Carrie, Mom of Alex & Anna

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