Bleed The Rich!
From the desk of Johnny Fincioen on Wed, 2011-09-21 09:59
For the fourth time in about six months, Obama presents a deficit reduction plan. He does this after setting the world record in deficit spending over the last three years. But, just as his other three proposals, this new plan is tossed out as well. Republicans and Democrats in Congress are unable to pass his massive increase in taxes. The President knew that before hand. He’s just playing political theater. Only his job, his reelection is important to him. He offers insane schemes, and then when Congress doesn’t agree, he travels the land with all the luster of a President to blame the Republicans for the stalling economy, not the Democrat Senators who don’t follow him either. Obama insults the Republicans and paints them as obstructionists, who throw grandmother off the cliff, who close schools, who stop scientific research, etc.
This strategy is supposed to win back his left base, and must win back the Independents. At least, that’s what Obama’s advisors hope for. The fact is Obama risks an attack coming from his left flank, so he needs to throw them some raw meat. The left in the USA tries to provoke a Democratic primary by running a candidate against Obama.
The Independents are supposed to blame the Republicans for the political impasse. This will not succeed. We’re come to the point the words of the US President can’t be trusted any longer.
Obama wants to submit the top earners in the USA to even more taxes. His most recent, constantly repeated falsehood is the rich pay less taxes as a percent of their total income than the middle class does. The most recent official figures (2009) contradict this. Families with a yearly income of at least 1 million dollars pay on average 29.1 % of their income on federal taxes. The middle class, earning from 50 to 75 thousand dollars pays only on average 15% in federal taxes on their income. Those earning more than 1 million number together only 0.3% of all taxpayers, but they pay 20% of all federal income taxes. The top 1 % earners pay together 40% of all federal income taxes. The USA has already the most ‘progressive’ tax rates in the entire world. Note, most of the individual States add their own ‘progressive’ income taxes, which reach in some cases another 10%.
But, to hell with the facts! Obama doesn’t deal with those. Re-introducing class warfare is so much more fun, and so much easier than constructively leading the US out of the economic doldrums.
the miserable ones
Submitted by mpresley on Wed, 2011-09-21 11:14.
About half the population pay no income taxes. Many of these receive a "rebate" at the end of he year. When you throw in food stamps (a debit card), AFDC, Section 8, student loans, Medicaid, SSI, belly-up housing loans, and so on and so forth, one realizes that it is just a matter of time before the middle class is destroyed as the currency must continually be debased to "pay" for all of this.
And even if the short run doesn't do it, long term unfunded liabilities will...along with our wars without end in places no one can even find on the map, anymore.
Obama is just attempting whatever an economic illiterate thinks he must do in order to forestall the complete collapse for another year. At that time he'll be gone, and Bill Ayers may ghost write his Presidential memoirs for a share in the six figures. Hell, Ayers may even do it for free.
At this late stage of the game, one must be optimistic. An immoral system has no right to live on. Because of it, one ought make plans for the end-times. Canned goods, a chicken or two for the back yard, a variety of guns and ammunition for hunting and protection, maybe some shiny metal for barter. Who can say? It is not the first time civilization has fallen, and it will not be the last.