Tax Increases

Zar, you are showing your vast ignorance again.

H2O, tell us all how Reagan tripled the national debt by giving massive tax cuts to the ungodly greedy.

H2O say good bye to the baby Bush tax cuts they are going over the cliff and onto the rocks below. Good riddance

We are within days of going over the fiscal cliff and it looks like it might happen. Going over the fiscal cliff may indeed be the best thing for the country in the long run. It would kill the baby Bush tax cuts once and for all. It will be easy to pass a new tax cut that is fair to one and all. The new cut should not cut the tax table rates as tax rate cuts are top heavy and the vast majority of the tax cuts goes to those at the top of the income curve. The original tax exemption when the income tax was put into law was over $89,000 in today’s dollars. Today that exemption is just $7,600 for a married couple filling jointly. Instead of cutting rates raise the amount of income that is tax exempt. After the Bush tax cuts go over the fiscal cliff make the first $21,000 in income exempt from income tax. This would be a fair tax cut for everyone. Bill Gates could make the first $21,000 tax free as could the student working at McDonalds. Married couples could make $21,000 tax free. Most of this this money would be spent in local communities turning over 5 times. This would increase demand. Good economies are made by demand not supply. Supply side economic theory is like putting the buggy in front of the horse and expecting the buggy to pull the horse. The commie/conservatives have done exactly that for the last 30 years. The commie/conservatives tax cuts are designed to try and make the buggy pull the horse.

Obama has a psychotic obsession about raising taxes on the rich.
Obama has a mental disorder.

H2O, only the ungodly greedy should be paying the tax on “excess wealth” those who do not have any “excess wealth” should have never ever paid the first dollar of the tax on “excess wealth.’” The ungodly greedy now pay a smaller percentage of their income in taxes why should they not pay at least as much as the middle class? Warren Buffet has shown you the actual tax returns where he pays a smaller percentage in taxes than his secretary. Do you just imagine you will be rich one day or are just a groupie of the ungodly greedy hoping to score brownie points?

Most of the twentieth century America had a progressive income tax structure where you paid a higher percentage of income tax if you had more income. That was up until the massive Reagan and baby Bush tax cuts now the middle class pays the highest percentage of their income in taxes when all taxes are taken into account. Warren Buffet pays a much lower tax rate then his employees. The commie/conservatives don’t believe in and “income tax” they believe in a “wage tax.” They believe that other forms of income should be exempt, such as capital gains, dividends, rents, deferred interest (a tax dodge Romney used), and the multi-billion dollar salaries of hedge fund managers. Only 10% of the ungodly greedy incomes comes from wages 90% of the ungodly greedy income comes from capital gains, dividends, rents and other forms of income that are taxed at only a fraction of what they would be taxed if they were and hourly wage.

After we go over the fiscal cliff the first thing that we need to establish is taxable income equality where a dollar of income earned by a multibillionaire is the same as a dollar earned digging ditches. If all men are created equal under the law then all dollars are created equal, a dollar of income is a dollar of income. No more preferential treatment for 90% of the income of the ungodly greedy.

Since the tax tables only apply to 10% of the ungodly greedy income, why the fight to the death over raising the income tax a few percentage points on a tiny fraction of the ungodly greedy income? All that sound and fury is intended to mask the real problem that the ungodly greedy’ income is not treated like the ordinary man’s income. When an income tax was passed it was meant to tax “all income” not just wages. If we want to have equality among men we will need to start with equality of dollars whether they are dollars earned by the ungodly greedy or dollars earned by the poorest among us.

The commie/conservatives have not been able to completely eliminate the income tax on these other forms of income but they have substantially reduced it. Many people no longer do their taxes. When Warren Buffet earns two billion on stock he does not go to the tax tables to see how much tax he owes like we do nor does he multiply $2 billion by 35.9% he pays only 15% on that $2 billion. If he earned $2 billion in wages then it would be subject to the 35.9% rate but ungodly greedy don’t earn wages for the most part. For instance Romney retirement from Bain Capital is not taken as pension that is subject to the tax tables but as “deferred interest” which is taxed at the capital gain rate.

What is needed is to tax not only the 10% of the ungodly greedy income at 39.9% but the other 90% also. Rush Slimbaugh said that raising the tax rate would only bring in a lousy $70 billion over 10 years so why bother for that piddling small amount. But if we raised the tax rate on the other forms of income it would bring in several trillion dollars and put America on the path to paying off the National Debt. The tax on capital gains would nearly triple. A hedge fund manager making $5 billion would see his income tax go from $75 million to $1.995 billion this would leave hedge fund manager only $3 billion and change to spend this year. Call me cruel but I can’t feel sorry for someone who has only $3 billion to spend. These people should be glad to step up and do their part or maybe we should send them to Afghanistan for a few tours of duty. They would be happy to buy their way out like the ungodly greedy did during the Civil War.
The idea that a dollar one man earns is no different than a dollar another earns under the law is not a radical idea a dollar in income is just a dollar in income. Some dollars are not greater than other dollars.

H2O how much of Ayn Rand political philosophy have you read? She is the rock that much of commie/conservatism is built on. Now as we contemplate whether to raise taxes to pay back the $2.7 trillion to the social security trust fund or to cut the taxes for the ungodly greedy many commie/conservatives will quote Ayn Rand, “Selfishness is a magnificent force.” That statement is what governed America for the last 30 years.

Ayn Rand taught that “Selfishness is a magnificent force” this is one of the principal ideas that under lies commie/conservatism. The masses are “mud to be ground underfoot, fuel to be burned” “for the sake of those that are gifted.” These ideas were the foundation of the Russian, Ayn Rand, political philosophy and if they had stayed just philosophy of this Russian immigrant America would be a far different place today but Ayn Rand became a celebrity interviewed frequently on a new medium called television. Rand the author of the “Capitalist Manifesto” and the “Virtues of Selfishness” viewed working class Americans as “mud to be ground underfoot, fuel to be burned” for the sake of those who are gifted” like herself.

The trouble is Ayn Rand demented political philosophy was injected directly into America’s veins by Ronal Reagan. One can understand why Rand philosophy appealed to the ungodly greedy being told that working class Americans were “mud to be ground underfoot, fuel to be burned” was something they had believed in all along and it is never hard to push someone in a direction they are already want to go. But the mystery is how so many hard working Americans adopted a political philosophy that reduced them to “mud to be ground underfoot.”

The fact that this philosophy was sold to so many is a testament to how effective modern day propaganda is and shows that if you reduce a complex political philosophy to a few slogans you can find more followers than even Ayn Rand could imagine.
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Greatly simplify the tax code and reduce spending

H2O the country needs to go over the fiscal cliff and end the baby Bush tax cuts for the ungodly greedy once and for all. At that point a new tax code needs to be written that returns us to the original intent of the tax levied on “excess wealth.” In 1913 the first $4,000 a couple earned was exempt from income tax in today’s dollars a couple first $89,635 would be exempt from income tax. It is quite possible that we could not afford the full $89,635 to start with but $45,000 might be a good starting point. The $45,000 deduction would apply to Warren Buffet, Bill Gates, and you; each of you could earn $45,000 tax free. Eliminate all tax deductions and tax anything over that. Why should anyone get to claim a deduction for $4 million to a religious cult as Romney did? In America we claim a separation between church and state but the state is underwriting the cost of religious cults by making contributions tax deductible. Why should I as a taxpayer subsidize Romney religious cult so they can send people all over the world to convert others to their religious cult?

Businesses however would need to file taxes as a business and new machinery or other funds used to expand the business would be deductible from income.

H2O is paying social security a spending problem?

On talk radio yesterday the slogan “We don’t have a tax problem we have a spending problem” must have been repeated about a hundred times by the replacement hosts. Red neck right radio the first string is on vacation this week. This slogan is classic Hitler. Hitler said effective propaganda needs to be kept simple and limited to a few points, slogans that are repeated over and over. Yesterday on red neck right radio they were following Hitler’s instructions to the letter. in Mein Kampf Hitler said, “harp on these slogans until the last member of the public understands what you want him to understand by your slogan.” In America yesterday it was much like being in prewar Germany. The slogans echoed endlessly on red neck right radio.

I read Hitler’s Mein Kampf after reading “What’s the Matter With Kansas?” by Thomas Frank. Frank said the radical right was reading Mein Kampf and employing Hitler’s techniques. That was quite evident yesterday, repeating the slogan over and over again.

A spending problem, really? The spending problem is social security. Social security was designed as a pay as you go system where the current generation pays for the social security of the generation that is retired. Reagan said no baby boomers will have to pay for those on social security and pay for a trust fund for themselves. So this generation paid for the last generation social security and for our social security. But now the commie/conservatives say wait a minute the $2.7 trillion social security trust fund is for the social security of those 75 years from now, those who have not yet been born. Using the $2.7 trillion trust fund is a spending problem. Why because the increased social security tax was used to fund tax cuts for the ungodly greedy. When baby Bush said he was just giving the people back their money what he did was give his richest friends and political contributors the $2.7 trillion social security trust fund. Then he had a photo op beside the cabinet that holds the $2.7 trillion social security trust fund in U S Treasury Bonds and said “this is just worthless paper.”

We don’t have a spending problem with social security we are just giving back the people the money they paid into social security. We have a tax problem there is one way and one way only to pay these treasury bonds back and that will require $2.7 trillion tax hike and that is the problem. Social security was designed to provide only 40% of preretirement income and that is not enough to live on to believe that we can cut social security to 20% of preretirement income so billionaires can continue to pay a smaller percentage in taxes than those on social security is absurd Hitler like slogans and all.

H2O are you ready for your tax increase? No one on either party is for continuing the 2% social security tax cut. Even Grover Norquist doesn’t consider this temporary tax cut a tax cut. You will really take home 2% less January 1.

There has been all kinds of debate and wringing of the hands over a possible 4% tax increase on the ungodly greedy. The press attention given to a 4% tax increase on the ungodly greedy has been nonstop. But there is another 2% tax increase that will happen quietly without fanfare and there has been very little mention of that. The commie/conservatives are ready to destroy America to insure that the ungodly greedy continue to pay a smaller percentage of their income taxes than many middle class tax payers. But the 2% social security tax cut will expire Jan 1 and no commie/conservative has a problem with that.

The 2% social security tax increase is indeed a tax on job creators because this is a tax on the 98%. Contrary to commie conservative ideology it is demand that creates jobs not supply. You can have all the supply in the world but if no one makes enough money to buy it the economy crashes. The middle class drives the economy they are the job creators because they create demand. Even Henry Ford recognized that he could build all the cars in the world but if no one could afford to buy them he could not sell them. Ford made sure to pay his employees enough to make sure they could afford to purchase them.

The middle class will be getting a 2% tax increase on every dollar they make where the ungodly greedy will only be getting a 4% marginal tax increase on income over $250,000. The vast majority of the ungodly greedy income is not subject to the social security tax as it is levied only on wages.

If the middle class is going to take a 2% increase on every dollar they make the ungodly greedy should be able to handle a 4% marginal increase. Everyone will be asked to do their part to help get the budget balanced but the ungodly greedy still maintain they should continue to get a temporary tax cut America couldn’t afford in the first place. Tax cuts for the ungodly greedy caused the 2007-08 depression, because it shifted the wealth dramatically and killed demand. With wealth in the hands of the few demand was artificially sustained by credit much of it shifted to mortgages

H2O do you believe the commie/conservative party line that they should be able to declare the $2.7 trillion in the U S Treasury just “worthless paper?” Of course the commie/conservative doesn’t want to declare all U S Treasury Bonds “worthless paper,” just those that are held in the $2.7 trillion social security trust fund. The U S Treasury bonds held by the ungodly greedy would continue to be the safest investment in the world.

If the commie/conservatives were concerned about tax cuts they would be trying to find a way to make sure the 2% cut in social security tax was continued. But the commie/conservatives have absolutely no interest in extending the social security tax cut but will destroy the country to make sure the temporary 4% tax cut for the ungodly greedy is made permanent. The rationalization for the baby Bush tax cuts was that Clinton balanced budget provided a surplus and they were just going to give the people back their money. The fact was the Clinton surplus was not a true federal surplus it was made possible by the excess social security payments. Social security and federal taxes are thrown into the same pot and totaled with all of tax money and social security payments. If the total of the two is not spent they say they have a surplus. The social security will eventually have to be paid back. During Clinton term he not only got to count social security but the interest on the $2.7 trillion trust fund. So the money Baby Bush gave back to the ungodly greedy was the social security trust fund. Then Baby Bush posed beside the cabinet holding the $2.7 trillion social security trust fund held in U S Treasury Bonds and told a bold faced lie to the American people telling them the $2.7 trillion in U S treasury bonds was just “worthless paper.”

For the last thirty years the baby boomers paid far more in social security than was necessary to pay for the social security and the money was used to fund the Reagan and baby Bush tax cuts. Now the time has come for the ungodly greedy to pay the social security trust fund back by paying higher taxes. The ungodly benefited for 30 years by receiving tax cuts the country could not afford financed with borrowed money. Now the time has come for the ungodly greedy to start paying the loan back and their reply is the note they signed is unenforceable just “worthless paper.”

“Figures don’t lie but liars do figure.” Commie/conservative commentator, Charles Krauthammer said that saying social security doesn’t add to the deficit is absurd. He says that in 2012 social security will add a $165 billion to the deficit. Wait just a minute aren’t we just giving the people back their money? Unlike the baby Bush tax cuts that is exactly what we are doing in this case. Krauthammer thinks giving the ungodly greedy the social security trust fund is giving the people back their money but giving the money back to the people that actually paid it is adding a $165 billion to the debt. There is a debt here and it is the debt owed to those who paid higher social security than they should have for all their working life.

H2O how come your commie/conservative team mates aren’t speaking up for your 2% social security tax cut? They are the party of the ungodly greedy and the social security tax cut wasn’t a tax cut it was just a tax holiday. Even Grover Norquist called it just a tax holiday. It was just temporary like the baby Bush tax cuts but some tax cuts are much more temporary than others.

The middle class got a lump of coal for Christmas this year they will see their payroll tax go up 2%. There is simply no support from either party to extend the 2% social security tax cut. But while there has been a tremendous wailing and moaning about not extending the temporary 4% tax cut for the richest 2% there has been no outcry about raising the social security withholding tax. Why? The ungodly greedy will wail and moan and use the extensive commie/conservative media to wail and moan for them but the working poor and middle class will simply quietly shoulder the burden of the social security tax increase and pay it as they have for the past 30 years.

The cut in social security withholdings did not cost the social security trust fund one cent as the law mandated that the lost 2% be paid to the social security trust fund from the general fund. This cost the general fund a $105 billion a year from the general fund to provide the 2% social security tax cut for 100% of Americans. On the other hand the temporary 4% tax cut for the ungodly greedy, for just 2% of the population, costs the general fund $70 billion. In contrast the baby Bush tax cost for the richest 2%, the ungodly greedy, cost $770 billion over the last 11 years.

When Charles Krauthammer said that social security added $165 billion to deficit last year a $105 billion of that was payment made by the general fund to fund the social security trust fund. The other $60 billion was just part of the interest owed on the $2.7 trillion social security trust fund.

It is highly unlikely that the 2% social security tax cut will be extended and the middle class will tighten their belts and move on, they will simply get by with less. But it is far more likely the 4% temporary tax cut will be extended for the ungodly greedy. But the attacks on social security and Medicare will continue. On the Today Show this morning the Meet the Press host David Gregory said that social security and Medicare were the biggest drivers of the National Debt but both programs have a trust fund and neither program is adding a single cent to National Debt. If social security and Medicare are not adding a single cent to National Debt how can they be the biggest drivers of the National Debt?

The social security and Medicare taxes are logged into the book as government income and charged out as expenses like receivables for a business and accounts payable but social security and Medicare should have been treated like bank accounts as deposits and withdrawals. A withdrawal does not affect the bank assets nor is it considered to be causing a deficit at the bank when it is withdrawn. The paradigm is extremely important and the ungodly greedy and much of the press pushed the paradigm that excess social security and Medicare deposits were simply a profit that could be given out in tax cuts to the ungodly greedy. When respected broadcaster like David Gregory goes on National television and tells the public that social security with its $2.7 trillion trust fund is driving the National Debt many will accept that at face value without realizing the $2.7 trillion trust fund and social security payments will fully fund social security for decades to come without one thin dime from the general fund. The reason they want the public to believe that social security is driving the National Debt is so the social security trust fund can continue be used to keep the taxes on ungodly greedy artificially low.

H2O we don’t have “a spending problem” we have a commie/conservative “lying problem.”

Yesterday on Meet the Press David Gregory was discussing how entitlements (social security & Medicare) were the real problem with the budget and something was going to have to be done with entitlements. Then he showed a pie chart to back up his point. There it was in living color the biggest lie ever told. After all anyone could see the problem, social security took a 20% of the Federal Budget and Medicare and Medicaid took an additional 23%. These programs took 43% of the federal budget. So it is evident if the budget is to be cut these programs will have to take substantial cuts.

In politics they call them push polls where misinformation is deliberately distributed in an effort to push the polls. The most famous example is during the 2000 republican presidential primary where fart blossom commissioned a poll that called South Carolina voters and asked if they knew John McCain had fathered a biracial child out of wedlock would they still vote for him? Of course that was a lie but the McCains had adopted a child of color from another country. The sight of that child and the push poll was all that was necessary. That push poll is credited with helping baby Bush win the South Carolina primary and later the presidential nomination.

We may not be able to call it a push poll when a pie chart is used to convey misinformation but the principal is the same. Why is the pie chart a lie? It shows social security and Medicare as federal spending on pie chart and they are not. Social security and Medicare payments are simply pass throughs where the government collects and simply passes the money through. Much like a checking accounts my employer makes a direct deposit and I pay my bills with the money. My spending does not appear on the banks spending pie chart because it is not in any way money the bank spends.

Why is this accounting error important? Because it makes it look like social security and Medicare are causing a spending problem and they are not. Social security and Medicare both have trust funds and any outlay comes from those trust funds not and is not spending by the federal Government but on paper it looks that way. The pie chart is a lie and it is a lie that will be used to defraud this generation of very meager needed benefits. When the Federal budget actually subsidizes social security by $725 billion and Medicare and Medicaid by $835 billion then it can rightfully claim it as spending but not until.

If the pass throughs are eliminated from the federal budget pie chart the chart becomes quite different pie chart shows that defense takes 19% of the federal budget but eliminate the pass throughs and the defense spending becomes 29% of federal spending instead of 19% and the 29% is a true representation of actual spending. Discretionary spending goes from 18% to 26%. Why cut social and Medicare when they are not costing the Federal Budget one dime? If social security and Medicare are cut the trust fund money can be spent to pay for more and bigger tax cut for the ungodly greedy as it has been for the last thirty years, the commie/conservative years.

This generation paid the last generation’s social security and then paid for their own social security by paying for a $2.7 trillion trust fund. Now we are being told we need to also pay for the social security of those who have not been born yet by taking cuts in our social security. Social security was designed as a pay as you go system it was never intended to have a trust fund. When Reagan changed social security to create the social security trust fund it became a pass through account but not to social security recipients but to the ungodly greedy the excess social security payments went directly to fund 60% tax cuts for the ungodly greedy.

This generation did far more than their share paying far more of their income into social security than any generation before. The commie/conservatives want to manipulate us with the guilt trip that while we paid for the generation before us and ours we have not paid for the next yet unborn generation. Now they draw pie charts to make it appear the federal government is paying the social security and Medicare and those payments are creating “a spending problem” nothing can be further from the truth. Every time you hear a commie/conservative repeat the Hitler like propaganda slogan that it is “a spending problem” tell him that it is a lie what they say is federal spending is just a pass through like a checking account.

H2O how are you at accounting? Should a bank book all the deposits in savings accounts as income and all the withdrawals as spending on the bank books? That exactly what the commie/conservatives do and then they scream that the entitlements are causing a “spending problem” when it is not a “spending problem.”

Garbage in garbage out was one of the first principals we learned about computers, although computers are highly accurate if the input is garbage the output is garbage. The federal budget is that way if we input garbage there is no way to avoid and output of garbage. We will never solve the budget problems if the input is garbage. To start with we have to separate income from taxes from income to fund social security and Medicare. The Medicare and social security are simply pass throughs that are paid to fund those programs. Any accounting method that puts the excess social security and Medicare payments into the general fund pie chart is garbage in. Likewise payments made from their trust funds should not show as spending from the federal budget. Social security and Medicare spending make the general fund budget appear much larger than it actually is. This would be like waking up one day and finding an extra $2.7 trillion in your checking account. You call your accountant and he says that it is not a mistake and you spend the money but then you find out the $2.7 trillion wasn’t yours. You find out your accountant was just incompetent. Even if the accountant was incompetent you must pay the money back. The temptation is that when you plow the excess social security and Medicare payment into the general fund that you will feel like you have much more money than you do and you will give tax cuts “to give the people back their money” when there is no money to give back. When Bush gave the excess social security and Medicare payments out in tax cuts we couldn’t afford this is the garbage out part. This was like combining your saving account with your checking. There is a good reason why saving accounts and checking accounts are separate accounts. You would give bigger and better gifts (tax cuts) to your children and before long there would be no savings. That is the point we are at now the saving accounts for Social Security and Medicare have been loaned to the general fund budget and will have to be paid back.

The ungodly greedy lived high on the hog for over 30 years on tax cuts the country could not afford. Meanwhile middle class paid higher taxes and watched as their standard of living deteriorate for 30 years. As the middle class paid higher social security taxes went into one door the ungodly went out the back door with the money in unheard of 60% tax cuts. The entire $2.7 trillion social security trust fund was used to provide ever bigger and better tax cuts for the ungodly greedy Now they will have to live with much higher taxes to pay the borrowed $2.7 trillion back to its rightful owners.

Before the problem can be solved we must make sure the input is not garbage any longer and that means separating income tax money being put in the checking account from the money being put in the saving accounts. A new pie chart of income must be drawn and a new pie chart of spending must be drawn. Neither of these charts can include income from social security or Medicare or spending for benefits. To eliminate the garbage from the input both the income from social security and Medicare and the out go from their trust funds must be eliminated from the federal budget. That will let us focus on what needs to be done to the income side. Income from increased social security taxes was used to replace lost income due to income tax cuts. It is time to pay the piper, Social Security taxes can no longer be used to underwrite 60% tax cuts for the ungodly greedy. On the spending side the lion’s share of the spending is spent on the military. We can no longer finance a world army and if spending cuts are made that where the lion’s share must come from the military. The biggest lie of the twenty century was that entitlements were taking a major share of federal spending without telling the public that those same programs were a major source of income for the federal budget.

The baby boomers are simply not going to stand by and let baby Bush and the commie/conservatives tell us the $2.7 trillion in U S treasury bonds that make up the social security trust fund are worthless paper any longer.

H2O it is time to get your checkbook out and start paying higher taxes. Your Republican friends made no effort at all to stop the 2% increase in your social security and they killed the $800 pays to work tax credit for couples. I figure your bank account will be a couple of $1,000 lighter this year. But the Republicans did save those making from $250,000 to $450,000 from getting a tax increase. That should tell you who they represent. They are not interested in the least in helping the middle class.

There is good news and bad news yesterday the taxes on the ungodly was raised by 4% but that 4% tax increase only applies to 10% of the ungodly greedy income. The bad news is that those making $40,000 and less will see a 4% increase or more in their taxes. Those making less $106,000 will pay 25 more in social security taxes. The $800 pays to work tax credit working couples got enjoyed the last four years will disappear also. So a couple making $40,000 will pay an additional 4% in taxes and this is not a marginal tax rate this is an actual 4% of income. The ungodly tax increase is marginal and does not apply to the first $450,000 of their income, their taxes remain the same on that first half million we will spot them that. The increase on the ungodly greedy is a paper increase but the 4% tax increase on the middle class is a true 4% increase.

Yesterday the House finally passed a bill to avert the fiscal cliff the ungodly greedy will cry bloody murder and predict the end of the world as we know it. The bill only raised taxes on couples making over $450,000 and individuals making over $400,000. The target group was top 2%, the ungodly greedy. The tax raise as passed will raise taxes on less than 1% of Americans by exempting incomes between $250,000 and $450,000. This bill does not solve the problem as passed the National Debt will still go up another $4 trillion in the next ten years.

The commie/conservatives are preparing for a full-fledged assault on social security the idea is to do as Grover Norquist said to shrink government to the point Grover can drag our government into the bathroom and drown it in the bathtub. That is the commie/conservative’s plan for social security is to shrink it to the point of insignificance by not giving true cost of living increases. Social security now only replaces 40% of your working income. We all know what happens to your spendable income if you don’t get raises. Your income in real dollars can decrease by as much 40% in only a few years. As it is now Medicare increase take the vast majority of any cost of living increase. Under the commie/conservative attack on social security the longer you lived the less your social security would be in real dollars. If you lived 30 years you would have less than 10% of your income in real dollars all while the $2.7 trillion social security trust fund, that the baby boomers funded, was “saved” (actually spent for tax cuts for the ungodly greedy) for future generations.

Meanwhile, Obama continues to screw the working class people of this country

H2O both the social security tax cut and the $800 a year pays to work tax cut were proposed and pushed through the congress by Obama administration. Even Grover Norquist, when asked on meet the press, claimed that social security tax cut was not in fact a tax cut but a tax holiday and he had no interest in seeing that extended but he predicted the end of the world if the tax cuts for the ungodly greedy were not extended. The Bush tax cut for the ungodly greedy did not create jobs most of the money that the ungodly greedy got went into the Cayman Islands, Swiss Bank accounts, or other foreign investments but Obamas tax cuts went to the working poor and middle class and targeted those who actually worked. The vast majority of these tax cuts were spent in the local economy and turned over 5 times creating jobs and true demand. By far the vast majority of Bush tax cuts went to ungodly greedy and Romney prescribed $5 trillion more of the same. The republicans don’t cut taxes to spur job growth they cut taxes to grow campaign contributions.


Where are the Republican crocodile tears for the massive tax increases on the working poor and middle class? The tax increase on the ungodly greedy is supposed to bring in an additional $70 billion but the rasing social security back to 6.2% will bring in an additional $120 million nearly double what the ungodly greedy will pay and this is just one of the tax increases. The social security increase will bring $1.2 trillion over ten years. But not one Republican raised one finger to extend the social security tax cut. The loose of the $800 pays to work tax credit will cost the middle class and working poor another $600 billion over ten years. This means the middle class was the biggest loser because their taxes went up $1.8 trillion while the ungodly greedy’ taxes went up only $700 billion in the same 10 year period.

The republicans cried crocodile tears for the ungodly greedy, the so called job creators, but shed no tears for the working class. But who are the real job creators? Demand is the real job creator without demand you can manufacture all the supply you want if it sets in a warehouse unsold you just go out of business. The real reason the economy recovered was the Obama tax cuts to working class. There were no tax cuts for the ungodly greedy to spur even more supply for a public that couldn’t afford to buy it. After the baby Bush tax cuts the economy crashed and burned because the Bush tax cuts made crime so profitable.

But have no fear the republicans will ride to the rescue and cut social security payments to elderly by $1.8 trillion to balance the budget. Gun owners say they will get their gun when they pry it from their cold dead hands. The republicans might find that the same applies to social security. This generation paid the social security of two generations and taking it may be harder than taking the guns.

H2O if you have enough money to bribe the commie/conservatives congressmen maybe you too can have Congress extend a special tax cut just for you.

Rush Slimbaugh complained that not extending the Bush tax cuts to the ungodly greedy would bring in only a measly $60 billion a year but it seems like the Bush Tax cuts were eliminated for some of the ungodly greedy but many of the Bush tax cuts for the ungodly greedy remained in the bill. It is estimate these tax cuts will cost America $67.9 billion.
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“Much of the compromise agreement that Barack Obama’s signed into law Thursday was targeted at individuals and families, notably preserving most of the tax cuts that passed under President George W Bush, which were set to expire on Monday.

NBCNEWS.com
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In fact some of the Bush tax cuts that expired last year were put back in effect retroactively. It is a disturbing but very profitable trend that tax cuts are being issued to individual families. We are living in age were campaign contributions can buy tax exemptions. These “special exemptions” should not be allowed as riders on other bills. There was no doubt the bill extending the tax cut for the middle class was going to pass sooner or later. By attaching these parasite tax cut bills for the individuals and families to the middle class tax cut it gave them a free ride. With the Republicans harping on the growing national debt it would have been extremely hard to pass the massive retroactive baby Bush tax cuts on their own without attaching them to another bill.

The commie/conservatives managed to save over 50% of the tax cuts for the ungodly greedy. Tax cuts for individual families should have to be passed as separate bills and not allowed to be attached to others so the public could see how large a bribe was paid to those who voted for it and how much it costs to run a bill through congress to save millions in taxes.

Why, oh why are democrats suddenly whining about additional monies
being withheld from their paychecks? Did their Obama taxes go up?

H2O the democrats know what the word temporary means the commie/conservatives believe temporary and permanent are interchangeable. The commie/conservative outcry over raising the tax rate 4% on the ungodly greedy was deafening but the commie/conservatives did not say a word about raising the taxes 4% on the vast majority of Americans. The commie/conservatives issue is not tax increases but tax increases on the ungodly greedy.

The democrats knew up front that the 2% social security tax cut would not continue. Social security trust fund was not losing money the 2% cut was being made up out of the general fund and it cost the general fund a $120 billion last year. Responsible adults would not want the country to continue to borrow money to fund tax cuts that the country can’t afford but the ungodly would have no problem with the country borrowing another $2 trillion to put in their pockets. The ungodly greedy would put the country $16 trillion in debt and keep expecting more and bigger tax cuts and they did when Reagan took office the National Debt was within a decade and a half or so of being paid off. The graph shows that the country had a higher national debt as a percentage of GNP in 1949 than we have now and it was being steadily being paid down for 30 years. Then Reagan tripled the national debt in his two terms in office by giving the ungodly greedy the biggest tax cut in history.

Until the alternative minimum tax was passed many of the ungodly greedy complained about the high taxes even though they were not paying a dime in taxes. The commie/conservatives have no interest in cutting the taxes for the middle class they are concerned only with the tax cuts for the richest 2%, the ungodly greedy. The true job creators are the middle class demand creates jobs supply creates excess warehouse space.