Obama Signs Bill To Extend Bush Tax Cuts = $858B tax bill cut for two years

President Obama is racing to stop the August 2nd debt ceiling countdown because he refused to take jobless benefits from two million Americans in 2010.  Unfortunately, that was a mistake, causing most of the country to suffer and disrupting the bond market.  The right move would have returned the top marginal income tax from 35% to 39% like under President Clinton, a move www.thomhartmann.com say would have erased the national debt in about ten years.  Hours ago, I adapted a countdown widget on this Web log (blog) to match that by http://abcnews.go.com/wn tracking the composite stupidity/nihilism of Representatives Eric Cantor & Paul Ryan.  Government IS like a corporation, a nonprofit corporation that needs to maximize income and to catalyze output while paying its employees and contractors.  Obama needs to bypass these Mammon-worshipers and talk with their corporate masters about what happens if America has even another mini-default like in 1979.  See the current unemployment numbers at www.bls.gov/news.release/empsit.t15.htm and the unofficial-yet-scary www.shadowstats.com; U-3 = 9.2%, U-3 = 16.2%, SGS = 22.7% with the later two up 0.4% thanks mostly to public job layoffs by Tea Party governors & the end of federal stimulus money.