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Wednesday, November 28, 2012
BEING 'FAIR' ONLY FUNDS THE GOVERNMENT FOR 8 DAYS...
There's been a lot of talk coming from Barry and his fellow Democrats for quite some time now about how those among us who have achieved some level of success in their lives must now be made to pay what's been, and continues to be, described as being, "their fair share." Now other than the scoring of some cheap political points, what's really to be gained here with such an idiotic approach to preventing us from plunging over that much talked about fiscal cliff? Not much really. Because as long as half of all households in this country can continue to get away with paying absolutely no income taxes and remain on the receiving end of out-of-control 'entitlement programs' there isn't much hope that we can avoid going over the edge.
Something not talked about much when speaking about Barry's plan to end the Bush-era tax cuts for families earning more than $250,000 a year is that it would finance the U.S. government for only eight days. That's the charge coming Georgia GOP Rep. Tom Price. "The president's plan to increase taxes on the upper 2 percent (of American earners) covers the spending by this federal government not for eight years, not for eight months – not for eight weeks, but for eight days," Price, the chairman of the House Republican Policy Committee, told Andrea Mitchell, one of the resident morons over at MSNBC. But as Barry has said on any number of occasions, this is nothing more than an effort to guarantee a sense of 'fairness.'
Barry's tax-rate plan would generate only $82.3 billion a year, according to estimates by the Congressional Budget Office (CBO), Price said. The Bush-era tax rates expire and massive spending cuts automatically kick under sequestration on Jan. 2. "Eight days only," Price told MSNBC. "It's not a real solution. I’m puzzled by an administration that seems to be more interested in raising tax rates than in gaining economic vitality." A more balanced approach, which includes cuts to federal spending on such programs as Medicare, Medicaid, and Social Security, is what Barry should be focused on, he said. But again, Rep. Price makes the mistake of assuming that Barry is in any way interested in improving our economy.
Those tax increases and spending cuts would total about $500 billion next year, Fox News reports. In addition, about $1.2 trillion will be cut from the federal budget over 10 years should both sides fail to reach a deal to keep the nation from going over the so-called fiscal cliff, Fox reports. Look, what we're talking about here is over $16 Trillion of accumulated debt. And all where we're doing here amounts to pussyfooting around and talking about making cuts that will have virtually no impact, whatsoever, when it comes to preventing the financial and economic implosion that is now speeding toward us like a runaway freight train. This is a purposeful attempt at sabotage, there's just no other way to explain it.
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