November 06 2008 show notes

Topics, guests, upcoming events, quotes, links to articles, audio clips, books & bumper music.

Thursday 06 November '08 show

  • Jeff Merkley has declared victory against Senator Gordon Smith in Oregon.
  • A recount is likely for Al Franken against Norm Coleman.
  • "Yes, I have stated in both debates and state again that I believe in a balanced budget and have supported that concept during my 14 years in the Congress. The only two times when an unbalanced budget is warranted would be during a serious recession and we had that in '58 in an unbalanced budget of $12 billion; or a national emergency where there should be large expenditures for national defense which we had in World War II and during part of the Korean War...

    Third, I think it's possible to gain a $700 million to a billion dollars through tax changes which I believe would close up loopholes on dividend withholding, on expense accounts...

    So in my judgment we would spend more money in this administration on aid to education, we'd spend more money on housing, we'd spend more money and I hope more wisely, on defense than this administration has done, but I believe that the next administration should work for a balanced budget and that would be my intention. Mr. Nixon misstates my figures constantly, which is of course his right, but the fact of the matter is here is where I stand and I just want to have it on the public record.
    John F Kennedy, "Face-to-Face, Nixon-Kennedy" Vice President Richard M. Nixon and Senator John F. Kennedy Third Joint Television-Radio Broadcast, Thursday, October 13, 1960.
  • "Corporate income taxes in fiscal 2003 accounted for 7.4% of all federal tax receipts, down from a post-war peak of 32% in 1952. With one exception (1983), last year

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