Ah, the power of coffee! What a marvelous brew it is. And how did the first person come up with the idea of roasting the little beans and then grinding them up and pouring hot water on them? Why? Of course I’m glad that happened. Aren’t we all?
I’m going to need to do another walk/run this morning and I can already see the benefits of not training for a marathon. 2 or 3 miles of good training will only take me half an hour or less. Then I am free to do some of the chores I have to do while in town.
And here’s a bit of news that I listened to yesterday.
WASHINGTON - President Bush got some welcome news as the federal deficit for the last fiscal year shrank to $247.7.billion, the smallest in four years, because of a nearly 12% jump in tax revenue.
As it was explained, the president gets to claim the “good news” because he has to take the blame for the “bad news”. What’s not explained in the news is the fact that tax revenues are up because of huge corporate revenue gains (think oil prices) and not middle class personal revenue; it hasn’t moved and may have gone down in many cases.
“Corporate tax revenue has soared about 40 percent, after languishing for four years, and individual tax revenue is up as well.
Most of the increase in individual tax receipts appears to have come from higher stock market gains and the business income of relatively wealthy taxpayers. The biggest jump was not from taxes withheld from salaries but from quarterly payments on investment gains and business earnings, which were up 20 percent this year.”
But, most people won’t bother to read the facts; they will hear about the wonderful decrease in the deficit and think that W has their interests at heart. Hello? Anyone home?
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