Some s**t you should know about the "Reagan miracle"

In fact, much the opposite. In 1982, Reagan agreed to restore a third of the previous year’s massive cut. It was the largest tax increase in U.S. history. In 1983, he raised the gasoline tax by five cents a gallon and instituted a payroll-tax hike that helped fund Medicare and Social Security. In 1984, he eliminated loopholes worth $50 billion over three years. And in 1986, he supported the progressive Tax Reform Act, which hit businesses with a record-breaking $420 billion in new fees. When it came to taxation, there were two Reagans: the pre-1982 version, who did more than any other president to lighten America’s tax burden, and his post-1982 doppelgänger, who was willing (if not always happy) to compensate for gaps in the government’s revenue stream by raising rates. Today, a truly Reaganesque leader would recognize (like Reagan) that the heavy lifting was finished long ago; last year, for instance, taxes fell to their lowest level as a percentage of personal income since 1950. And he would dial back the antitax dogma as a result.

 In doing so, a 21st-century Reagan would free himself up to finish a bit of business that his predecessor never got around to: reducing the federal deficit. In the 1980 campaign, Reagan pledged to do three things if elected: lower taxes, win the Cold War, and curb government spending. But in his haste to achieve the first two goals, he abandoned the third. On his watch, federal employment grew by more than 60,000 (in contrast, government payrolls shrank by 373,000 during Clinton’s presidency). The gap between the amount of money the federal government took in and the amount it spent nearly tripled. The national debt soared from $700 billion to $3 trillion. And the United States was transformed from the world’s largest international creditor to its largest debtor.

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Muggers chase victim into crowd of ass-kicking ninjas




Cory Doctorow at 7:18 AM Sat

Three street-muggers in Sydney, Aus chased a visiting med student down an alley and took his iPod and phone. Unfortunately for them, the alley they chased him down was next to the local ninja martial arts school, and a student ninja was lurking in the shadows. He got his teacher, and five ninjas stole out into the night and kicked ninjed the muggers' asses.
Kaylan Soto, a sensei with 30 years' Ninjutsu training, and three of his students raced out of the dojo towards the startled attackers. All five crusaders were clad in the ninja's traditional, all black uniform.
''We would have been just a silhouette,'' one of the ninjas, Steve Ashley, said. ''It was probably the worst place in Sydney where they could have taken him.''
Mr Soto said it took the three assailants a few moments to realise what was going on. When they did, they shot off. ''You should have seen their faces when they saw us in ninja gear coming towards them,'' he said.