Photo of the Day for December 8, 2010
Wed Dec. 8, 2010 2:30 AM PST

By the time Keith came back from his break, the readings on the monitors had returned to normal. Keith told the panel he realized something was wrong later when the screens he used to monitor drilling fluid used in the well began to bend and stretch, and an air-conditioning unit in the ceiling melted.Whoops. At least the Halliburton guy who missed all the signs that a bunch of people were going to die on his watch made it out alright.
An internal investigation by BP, the majority owner of the well, found that the rig crew failed to notice signals of impending doom as long as 40 minutes prior to the explosions and fire. The report, released in September, didn’t single out individuals.
After escaping from the 6-foot-by-20-foot trailer where he worked, Keith found the body of a dead colleague on the deck. Keith was one of 115 workers who survived the disaster by boarding life boats or jumping overboard.
The MWP credit gave as much as $400 to each single worker and up to $800 to couples. If you’re single and earned at least $6,452 (and less than $75,000) in 2010, you got $400. Married couples with earnings over $12,903 (and less than $150,000) got $800.This translates into about $200 in higher taxes for an individual or $300 in higher taxes for a couple at the very low-end of the income scale. As the Tax Policy Center’s Bob Williams wrote, “the agreement turns on its head his repeated argument that we need to give more to the poor and ask more of the wealthy. No wonder Democrats in Congress are mad.”
But you won’t get $400 from the payroll tax cut until your earnings reach $20,000; earnings have to be twice that high to yield the $800 that MWP gave to couples. So single taxpayers who earn less than $20,000 and married couples earning less than $40,000 will pay more in taxes under the payroll tax cut than under MWP (see graph). Like everyone else, those folks will keep their Bush-era tax cuts and everything else that would continue from 2010 into 2011. But because no other provisions would cut their 2011 taxes relatively to 2010, those taxpayers are unequivocally worse off under the compromise in 2011 than under the tax law we have this year.
The senator also said extending unemployment benefits that aren’t paid for isn’t helping add new jobs. “We can’t just keep paying people to stay at home,” said DeMint. “We’ve got to create economic activity to allow businesses to grow so they can hire people.”Watch it: