Showing posts with label spending. Show all posts
Showing posts with label spending. Show all posts

Thursday, May 7, 2009

A Note To President Obama Regarding is "Tax Crackdown".


Dear President Obama,

Who in the hell do you think you are to look down your arrogant nose at the American private sector and tell them you are going to “crack down” and make us pay our fair share of taxes?
Sir you neglect the simple matter of fact that the private sector is the entity that creates jobs, wealth and prosperity in addition to employing people not only here in America, but yes also abroad.

You decline to acknowledge that the US Corporate Tax Rate is already the 2nd highest of all western industrialized nations which is one of the primary reasons companies go offshore. It is your government that is pushing these companies offshore.

Before you start targeting people & business entities in the private sector, I would ask that you demonstrate some “change we can believe in” and address the rank hypocrisy within your own house. In case you are oblivious or unaware of this hypocrisy let me remind you:

House Ways and Means Chairman Charlie Rangle—currently under investigation for tax evasion.
HHS Secretary--Kathleen Sebelius 7k owed in taxes prior to Senate confirmation.
HHS Secretary Nominee—Tom Daschell 140k owed in taxes, forced to withdraw his nomination.
Secretary of Commerce Nominee—Bill Richardson abandoned his nomination because of tax problems in addition to an ongoing criminal investigation.
Hilda Solis—Labor Secretary confirmed after agreeing to pay 6,400 in unpaid taxes.
Treasury Secretary—Tim “Turbo Tax” Geithner failed to pay FICA taxes for several years and had to repay his taxes prior to Senate confirmation.
Office of Management & Budget nominee---Nancy Killefer withdrew her nomination due to back taxes and a $900 dollar lien on her home for failing to pay unemployment compensation for household help.

Let us also not forget all of the Fraud, Waste and Abuse that occurs within the Federal Bureaucracy, you can clean that up to while you are at it. This is the audacity of hypocrisy, and it stinks!

Monday, March 2, 2009

The Audacity of Socialism



The picture says it all. Here's to all the "hope and change" you can stomach.

Our markets are based upon capitalism and every rescue plan that has come out of Washington DC since October of last year has been based upon Socialism.

Now we have an ideologue for a President that is making the biggest push for Government run everything. He and his party are proposing:

--That the government electronically monitor every health record in America.
--That government put "smart" technology in every home to tax and monitor energy consumption usage.
--That the government put GPS devices in every car and tax when and where you drive.
--That the government subsidize our auto industry and dictate the wages of executives and the types of cars that are built.

Is it any wonder, moreover expected, that markets based upon Capitalism would rally or embrace Socialism?

Tuesday, February 10, 2009

Boy Tax Cuts Really Hurt Government Revenue

I keep hearing "corporate greed" and "tax cuts don't work" from all my progressive and liberal friends but I think they are confused.

1. Taxes are a function of government, not the economy except to take money that would have otherwise been spent by tax payers (individual and corporate)

2. I continue to hear that the George Bush Tax cuts caused our financial crisis but have yet have anyone explain to me the cause and effect.

I've also heard flat out lies about how cutting taxes hurt government programs and the people who benefit from them. It is simply not true. With our without tax cuts revenue to the US Treasury has steadily increased.

Don't believe me? Check it out for yourself.
http://www.whitehouse.gove/omb/buget/fy2009/sheets/hist02z1.xls



Look at big old greedy government. The lines in the graphs represent tax money that the government takes from you while we continue to hear how we should sacrifice even more as Government spending continues to increase.

Again, look at the graph and the amount of money that comes in. The trajectory is almost always "north east" with the exception of "Dot.com Bust"/recession of 2000/2001. Following that dip look at the utterly massive increase in tax revenue.

Yeah.. there was some greed going on during the satanic years of George W. Bush, but it wasn't corporate, it was the government pig taking more and more.

Now here we are at the apex of "government take" from its citizenry, and the private economy is hurting and our elected officials are demanding that to "fix" the economy the "take" must be even more.

The notion that tax cuts hurt government spending is baloney and joins its sister that taking more in taxes and government spending helps the economy.

I'm not buying it.

Friday, January 23, 2009

How would you like six thousand dollars? How about 12 Thousand?

A recent Yahoo finance article (click my headline after you read this) put the bail out of 700 billion financial bail out last year at a cost of Six Thousand Dollars per tax payer.

Add on to that the cost of President Obama's 800 billion "stimulus" plan he and the Democrats want to pass within the next few months.

That's more than TWELVE THOUSAND DOLLARS per tax payer!!!

Hello America!!! Wake up!!! Can you imagine if every tax payer received a check for TWELVE THOUSAND DOLLARS?!!!

Don't you think that would stimulate the economy a whole hell of a lot more than say the 600 million dollars being spent on digital TV conversions?

Boy isn't this the "Change" you signed up for?!!