When the Tax Hikes Are Coming

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It's easy to call people lazy bums when you aren't one of them. An awful lot of people were hardworking and successful until one day their job just disappeared. With 5 people looking for every 1 job opening, what do you expect to happen? So those folks who were doing fine, who lost their job and medical insurance, who tried to make do until they could find another job by borrowing on their credit cards, liquidating their IRAs and 401(k)s, when they hit the end of the road, then what? Let them become homeless, I guess. If they die, well, problem solved. Keep in mind that of "Obama's" first $3 deficit, $2 trillion came directly from the recession and would have been inevitable even if McCain had been elected. Federal tax revenues dropped 19% in the first year of the recession. Unemployment insurance payments go up when employment goes down. Maybe you wouldn't be so self-righteous about "your money" if you were on the other side of the unemployment line. I'd rather pay tax to support my fellow citizens in their time of need than be in their shoes. There are darn few unemployed who wouldn't rather be doing useful work.

Kunst of CA 11:56PM August 26, 2010

One man has a plan, a correct plan, to fix everything. Everything. His name is Peter Schiff. He well might be just about our one and only hope of having any economic future at all.
However, Connecticut Republican primary voters yesterday instead voted for a good old boy, a darling of the political machine. The party energized its resources to stop Schiff dead in his tracks.
And why, might you ask? Because Schiff rains on and reigns in their lavish parade. He pees on their golden Cheerios that you and I pay for. And by God, they're not having that occur.
Washington is very simple, folks. It's 99% about "Other People's Money" and 1% about disguising this via some "righteous cause."
This past Tuesday, Washington, via its Connecticut crony stooges, stopped Neo who came to slay the dragon. Why, they would bitch slap Jefferson himself if he ran for office today. The score remains: Washington:everything; Us:nothing.

John Q of TX 10:23PM August 11, 2010

Laziness and moral decay have lead to this point. Spare the rod and spoil the child. The child is the American people who want everything given to them for free; you all know who you are! The politicians are the permissive parents who give their spoiled children everything they want with no accountability. Then we have the sue happy lawyers and this never ending political correctness that spreads as a cancer, just like progressive fundamental change. We fought for and won our Independence from those who would control and tax us to debt. Yet here we go again. Voting the bums back into power that slithered back into our Free Republic. This will ruin the freest, finest and richest country ever. All for the power and greed of the ruling class which is not republican or democrat. The whiners and gimmie gimmie free stuff lazy public has allowed them back into power because we thought it couldn't happen. Well open your eyes and quit blaming each other.
By the way, 99% of social greed programs were created by demo-crats! Just look at what that class has cost the middle class to give to the ruling class so the lower class can continue to live off of the working class. Look at what the NO class has cost 80% of us in taxes for the last 100 years.
If you want social justice, move to wherever. If you want Freedom, fight for it, work for it and breath life into it. Quit sucking the life out it.

John of CT 11:05AM August 11, 2010

Your rights stop where my money starts. Dumbass Democrats. What a bunch of donkey's. Stop extending unemployment benefits. It discourages work, I know a half dozen people that are collecting benefits and NOT EVEN LOOKING for a job. Free Money is too hard to pass up. LAZY BUMS!

Patrick of CA 11:38PM August 09, 2010

The elections coming up and it will be like musical chairs in that when it's time to dodge for a chair when the music stops, and the music will stop, it will be the party still standing that will be forced to push tax increases and benefit reductions. The payroll tax revenue is down, the large ticket items sales tax revenue has contracted due to the recession and the unemployment tax payments has increased! This leaves fewer tax dollars to run the country and increases the Federal debt. All Americans are wondering when the bill for these programs are going to come due, and how will we pay for them? If your a politician, it is like playing with monopoly or play money because your income and benefits won't be affected, but if your a worker or retired, you feel like the guy at the restaurant after eating and drinking all night and running up the bill and as the waiter comes with the bill, you discover that you left your wallet at home!

Lee Hansen of MI 6:11PM August 05, 2010

Let the tax cut reductions of 2001 expire. All of them. That’s the way they set them up. The Republicans deliberately passed a tax reduction with an end date to avoid having to include the effects of the tax bill on the Federal deficit.
The Republican Party is now calling the expiration put included in the law by a Republican President and a Republican Congress a tax increase if it is allowed to expire on the date clearly stipulated in the law by the Republicans (perhaps the measure was too long for the Republicans to read).
Republicans wrote and passed a 2001 tax cut bill that was unfunded. Republicans wrote and passed a Medicare Rx prescription plan that was unfunded. Republicans wrote and utilized emergency appropriations that were never included in budgets to pay for the entire cost of running the Iraq and Afghanistan wars. And now, Republicans propose extending the 2001 tax cuts without funding them.
A further example of the fiscal imprudence of the Republicans is Rep. Boehner’s recent proposal to delay full Social Security benefits to age 70 as the first step to steal the $2.5 Trillion Dollars of Social Security payroll taxes paid by more than 140 million currently working and retired Americans.
The fact that Americans have already given the Federal Government $2.5 Trillion Dollars in payroll taxes to fund their Social Security retirement is a non-factor to the Republicans.
The previous Republican administration and Republicans presently in the Congress are happy to redeem the U.S. Treasury securities sold to Saudi Arabia and China to fund the many unfunded expenditures they proposed, voted upon, and enacted into law using borrowed money.
The same Republicans and their pundits now tell us they are unwilling to redeem the U.S. Treasury securities held by the Social Security Trust Fund. It was A-OK to receive and spend the Social Security payroll taxes from workers and businesses to run the government while it was under Republican control; they just don’t want to spend them on actual Social Security benefits now that they no longer have control.
Along with tens of millions of taxpayers, I am tired of the chicanery of both the Republicans and Democrats in playing games to determine what a deficit is, and when it is appropriate. I am not the only taxpayer who has concluded that the Republicans have less personal integrity and about as much fiscal prudence as that of Bernie Madoff.
I was willing to serve in the Armed Forces. I am willing to pay for the cost of providing government that provides the Liberty we enjoy. Why do so many Americans, elected politicians, and media pundits demand Liberty and the services that make our country great, but refuse to participate in defending it, or paying for it?
The tax reductions of 2001 should be allowed to expire. Anyone who wants it continued should explain how they plan to fund the estimated $1.4 - $3.1 Trillion Dollars cost of extending the tax cuts.

ThoseWhoServe of FL 7:07PM August 01, 2010