The Gang of Six plan, Social Security and other entitlements

Jim Galloway’s Political Insider blog will return later this  week.

Some additional points on the deficit reduction plan by U.S. Sen. Saxby Chambliss and the Gang of Six:

– When U.S. Sen. Tom Coburn, R-Okla., withdrew from the bipartisan effort to reduce the deficit after five months of negotiation, many in Washington pronounced the Gang of Six dead – or at least, irrelevant. Which in D.C. is worse than dead.

But on Tuesday, there was Coburn in the members-only briefing of the Senate, endorsing the proposal. What brought him around? For one thing, an increase in 10-year savings from Medicare and Medicaid, from $370 billion or so to $500 billion. Just how those savings will be accomplished are details that would be left to the proper Senate committee.

– Look for a good deal of emphasis today on making Democrats more comfortable with the Gang of Six plan. “Balancing the deficit on the backs of the elderly” is the slogan they’re vulnerable to. Proponents today are emphasizing that savings from Social Security reform – means testing is a possibility – are to be plowed back into the Social Security system. They wouldn’t be applied to the deficit.

– The silence – so far — from the House Republican side is a sign that the Senate venture is being taken seriously. Certain elements of the GOP base and the tea party, of course, are another matter. One Tweet from this morning from Adairsville Rob to U.S. Rep. Phil Gingrey, R-Marietta, who was celebrating his Tuesday vote for the GOP caucus’ cut-cap-and-balance plan:

Thank you, sir! Now PLEASE run against Saxby Chambliss! Pragmatism is killing the Republic!

That is a thought certainly worth discussing.

- By Jim Galloway, Political Insider

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246 comments Add your comment

Jack

July 20th, 2011
10:45 am

Pragmatism may be America’s best hope. Those on the extremes are killing this democracy. Thanks to Saxby and Obama for finding some common ground that can help us lean forward.

jd

July 20th, 2011
11:01 am

Our country is what it is due to our pragmatic innovations! The Tea Party wants to return to the state of nature… Let ‘em — just leave the US alone!

grizzybear

July 20th, 2011
11:12 am

this so called plan will cut military benefits for all,yet saxby continues to protect his farm subsidies. both parties put us in this mess so why don’t they cut there pay and benefits. over 20,000 army families are on food stamps, the va has a backlog of over 1 million medical claims, and they want to cut military benefits! our senator plays 70 rounds of golf at exclusive clubs every year, you know where his priorities are!

Doug

July 20th, 2011
11:13 am

The far right and the far left do not care that if you do not turn the ship in time it WILL founder. They are willing to destroy the nation’s credit rating for their principles. I am not willing to go down with them if there’s a way to avoid the rocks, and it looks like this is the way. Churhill said that “you should never stand so high upon a principle that you cannot lower it to meet circumstances.” And he would know.

CobbGOPer

July 20th, 2011
11:13 am

Saxby should be challenged in a primary for many reasons, but this is not one.

[...] ZerosNPRCounterrevolution: GOP Elite Revolts Against Tea PartyBusiness InsiderNew York Times -Atlanta Journal Constitution (blog) -CBS Newsall 5,320 news [...]

No Longer Republican

July 20th, 2011
11:17 am

Still no end in sight to the Bush tax cuts for the wealthy. Instead take benefits away from the sick and poor. That’s the American way!

jcb

July 20th, 2011
11:20 am

It would seem that most of the folks in Washington have lost track of who they server…it is WE THE PEOPLE and not themselves. It really doesn’t matter if they are proclaimed to be Liberal or Conservative (Far Left or Far Right) The folks in so called public office, make programs (retirement and medical plans) for themselves that is far better than what is set asside for WE THE TAX PAYER. The majority of the legal residents of this country are getting the shaft.

kc

July 20th, 2011
11:22 am

not just going after sick and poor…all these congressional millionaire leaders trying to stick it to main st, middle america….why tea party does not get this is beyond me. goldman sachs, those job creators, are laying off 1000 folks….to preserve their large bonuses….bunch of blanktards

td

July 20th, 2011
11:28 am

No Longer Republican

July 20th, 2011
11:17 am
Still no end in sight to the Bush tax cuts for the wealthy

This is a myth. The Bush tax cuts also helped the middle class. I am very middle class and the Bush tax cuts saved me about 5%.

How much of a person’s money is enough for the government? How much of a person’s income should go to the government? I do not think it should be more than 25% for all government services (Federal, state and local).

td

July 20th, 2011
11:31 am

jcb

July 20th, 2011
11:20 am

Until WE THE PEOPLE get off our lazy butts and get involved (more than just voting) in our political system then we are getting what we deserve.

td

July 20th, 2011
11:35 am

kc

July 20th, 2011
11:22 am

So what is the answer? Is it for the government to get involved and tell a company how to run their business or is it up to like minded individuals to band together and not do business with companies that act this way?

kc

July 20th, 2011
11:37 am

it would help if all retired educators and state employees donate a week or more if possible to their state or local government, but not at expense of firing more folks….age and physical condition permitting…..

sf

July 20th, 2011
11:45 am

Shouldn’t they be called the Deadly Six? Instead of policing these programs for fraud, they want to cut the benifits of these programs. It looks like when they kill off the sick, damaged and elderly, they could balance a budget leaving their inflated salaries for 3 or 4 months work and their and resigned in-strange- circumstances congresspeople’s benefits intact. If Congress really cared about the citizens of this great nation, they would start cutting from the top down of waste and excess; and, leave the services for the American people alone. Common sense has been replaced by greed and power. If a head-person-in-charge isn’t doing the job, get rid of him; don’t promote or transfer him and keep him drawing the company’s assets down with him. We need another Teddie Roosevelt to handle the Robber Barons before this country crumbles like the Roman Empire did from within. All our enemies have to do is be patient and let us self-destruct. Wakeup people; history does repeat itself.

OMG...Really

July 20th, 2011
11:49 am

td keeps on banging the “fairness” drum acting as if the Bush tax cuts were an actual boon to the economy.

Face it, trickle down didn’t work under Reagan and it didn’t work this time. I completely understand that no one wants to pay more in taxes, hell, I don’t either. But the Bush tax cuts were sold to us as a way to spur the economy, to create jobs. It didn’t work and there is no rational argument that it did. It’s time to grow up and realize that the recipients of social security and medicare are not the only ones who need to be tightening their belts. Cut spending…..absolutely. Reform the tax code, close some loops holes and roll back some of the tax cuts…..equally important. Without a balanced approach there is no solution to this.

Doug

July 20th, 2011
11:53 am

I long been against term limits, but I am coming around to the idea. Too much of what’s been going on in DC these past weeks has been about playing to or appeasing a particular base and not about really, truly, fixing our problems.

The states need to get the ball rolling on some constitutional amendments: one to establish term limits for Congress, another to end pensions for federal legislative service, and another to require that all laws they pass will be applicable to members of Congress as well.

But it will have to come from the states, these people are never going to do anything to themselves!

double

July 20th, 2011
11:53 am

savings from social security reform, plow the savings back into social security, so we can have more to write IOU’s against.Balancing deficit on backs of eldery.No way these savings going back into SS.

Dick

July 20th, 2011
12:09 pm

When the “Gang of Six” are done, the federal government will have so much of what I make, I will never be able to retire. I will lose the bulk of my 401K deduction, the mortgage interest and taxes on our retirement home, which is our current “second home”, and the charitable deductions we personally sacrifice to make. But, hey, at least, the top 1% of income earners will have their taxes “flattened” by six percent. So glad I could help!

jsmtih

July 20th, 2011
12:11 pm

the gov needs to stay completely out of peoples lives. get rid of social security, and medicare and every other big government program. the only program the gov needs to keep is the military and other agencies that PROTECT THE PEOPLE. let the free market work out all other things the people want and need. the U.S. economy would sore and it would be the envy of the world. now for all the people that want the government to give you everything and run your lives you need to pack up and move to north korea or cuba and enjoy the rest of your life. here is a novel idea: work hard for your money be responsible for your OWN LIFE and the lives of your FAMILY. keep the gov out of education, religion,medical care,retirement and your wallet and the USA would become the greatest nation on earth again.

Curtis Rivers

July 20th, 2011
12:18 pm

As one of Dr. Gingrey’s constituents, it is great to hear support for his continued non-support of the elderly, handicapped, children’s health, environmental issues, and rational needs of the American people. What a great day for corporate America when we elected Dr. Phil to an office which rewards him for daily decisions which, if he were still actively practicing medicine, would immediately open him to litigation and professional censure for repeatedly breaking his vow “to do no harm.”

duh

July 20th, 2011
12:24 pm

Cut the food stamp program benefits down. A family of three with low income receives $526.00 per month in food stamps. A family of four receives 668.00 per month. Too much.

td

July 20th, 2011
12:27 pm

OMG…Really

July 20th, 2011
11:49 am

What about the approach of government getting out of the way and letting job creation happen? Job creation would allow more people to pay taxes and then allow government to spend less money. There are several steps the government can take here:

1: Most small and medium size businesses are saying they will not hire because it is going to cost to much when Obama care is fully implemented. Repeal the law and jobs will be created.

2: Stop the war against domestic oil drilling: Open the gulf back up and off every coast. Allow the exploration of Shale in the middle of the country on public lands (or coarse charge the oil companies to explore on public lands) and open up Alaska. This will raise revenues, put a lot of people back to work, and lower the gas prices so that middle America has more money to spend on consumer goods.

3: There is no reason for 25% of this country to be on Medicaid and Food Stamps. Divert have that money to rebuilding our infrastructure (Bridges, roads, sewers, canals, ports). This will put more people back to work and turn them into tax payers.

4: Take all of these new revenues coming into the government and put them directly into paying off the debt.

5: Saving Social security: Start raising the age by a month for each year for anyone currently under the age of 45. Also, raise the cap from the current $106,000 to unlimited but reduce the % paid for the more money you make. Also, toughen the SSI requirements. It seems we are paying a lot of SSI to able bodied people that can work and that is taking away money for the old.

6: Flatten the tax rate and make ALL citizens have to pay something. The Dems are on here talking about all the deductions the rich get, well fine lets do away with these airplane deductions ect, but lets not forget about the other side. We tax Social security benefits as income but what about child support? Should this not also count as income? How about Food Stamps? Medicaid? Housing assistance? It all should be counted as income and should be taxed as well.

Aquagirl

July 20th, 2011
12:34 pm

“Pragmatism is killing the Republic!?” Someone please sterilize Adairsville Rob. These friggin’ wingnuts who think they’re the equivalent of the Founding Fathers or Minutemen are what’s killing the Republic. This isn’t the playground, boys, and you’re not the Good Guyz(tm) heroically standing against the Evil Darkness. Sheesh.

td

July 20th, 2011
12:40 pm

Aquagirl

July 20th, 2011
12:34 pm

“Someone please sterilize Adairsville Rob.”

He is not the one that needs to be sterilized. It is all the people that can not take care of the children they have and get government handouts to take care of them, while at the same time, have not learned what put them in the circumstance to start with and continue to have additional children for the government to care for.

Red

July 20th, 2011
12:43 pm

Pragmatism is quite easy when you base a plan on hypotheticals and vagueness. This plan is based on what MAY happen and IF the economy improves. Also, the weakness of this plan is pushing much of the change to occur well beyond 2012 – which means a change of heart in Congress could very well negate this plan. Saying “we will cut random and unspecific spending in a few years” is not pragmatism. It is pandering to mediocrity. Cuts must be immediate to actually achieve anything.

This plan symbolizes everything that is Saxby – vague and lacking specifics. Anyone can throw out a plan that sounds good. But without specifics and immediate action, this is pleasantries and warm, fuzzy failure. The sad part in all of this is that the President is still failing to lead. He is quick to say what he will not sign, but fails to say something specific in a plan of his own. As with health care, he throws out some vague concept that he wants and leaves it to Congress to actually do something. This way if it fails, he has no dirty hands himself. But if it succeeds he claims to be the initiator. Complete failure of leadership. Sad.

Red

July 20th, 2011
12:45 pm

OMG – Bush tax cuts put money directly into the hands of the people. All of these bailouts and shovel ready nonsense from Obama – who benefited from that? Ironic that Obama’s “aid” has done more to help Wall Street than Main Street. But yet all you can do is harp on a plan that actually returned to you what you earned.

georgiadawg70

July 20th, 2011
12:54 pm

Saxby,

You have been in Washington too long. It’s time for you to retire to Moultrie and spend time with your grandchildren.

yuzeyurbrane

July 20th, 2011
1:06 pm

Let’s get some things straight here:
1. SS has not caused 1 penny of the deficit. It in fact has a $4.5 trillion surplus from the FICA taxes of millions of Americans.
2. SS will pay at 100% for next 25 yrs. even if there are no changes.
3. Minor modifications only are needed to be sure the program continues to pay at 100% for at least another 75 years after that. In that regard, as Bert Lance once said: “If it ain’t broke, don’t fix it.”
4. Reaching that result should be done in the normal legis. process (hearings, votes, etc.), not at the point of a deficit ceiling gun.
5. Resist the temptation to do a reverse Robin Hood by stealing from the SS Trust Fund to pay for the deficit caused by other programs. This is what the Ryan bill (see Article VIII) does and many other proposals currently being floated do, despite deceptive spin to the contrary. That is exactly why proposals should be calmly deliberated in the normal process. As a Senior, I certainly don’t want to contribute from my SS for the multi-trillion dollar tax cut given by W to the wealthy.

Last Man Laying Down

July 20th, 2011
1:11 pm

A deal will be made. The rest of what all of you are saying is just wasted breath, or perhaps keystrokes.

OMG...Really

July 20th, 2011
1:13 pm

Td,

These are good points that you attempt to make but unfortunately some appear to be built upon myths and other completely unrealistic. Taken in order.

1: The health care law creates jobs in and of itself. Good or evil, every study outside of those done by partisan, hate everything D’s do groups back that up. Second, the whole idea that the bill is having this impact on small business is a right wing myth that has come to be seen as fact when viewed through the partisan lens.

2: This one I’m torn on. I’ll agree that more exploration is warranted but here there is more at stake. I’m leery of opening up areas like anwr for the same reason that I am leery of opening up more near-shore drilling: the track record of cost benefit analysis of the companies always seems to come down on the side of cutting corners and damn the consequences. I can agree with you on the exploration of the shale but even if all of those things are done the economic impact is too far off to have any effect on the issues at hand.

3: Here you seem to be arguing against yourself. The rebuilding of infrastructure will mean the expenditure of tax revenues. In order to spend this revenue it must be sufficient to cover the costs and the money clearly isn’t there. Confusing, this position.

4: Where are you seeing new revenue here? I think you are parroting the line “we don’t need more taxes, we need more taxpayers” but I just don’t see how the above three will accomplish that goal on the short term.

5: I am totally with you on SSI. I spend a number of years as a Public Defender and I would say the vast majority of my clients were on SSI for reason I couldn’t understand. I believe the program is valid and necessary but more scrutiny is way past due. I also agree that a raise in the age is valid but I don’t think I follow your plan.

6: In theory I agree with this point. In practice, it’s not possible to achieve this goal as you laid it out. If a person in actually in need of Food Stamps, Medicare, Section 8, etc, from where exactly will the money flow? As for Child Support, the taxes on that money have already been paid by the person earning it. This seems to me, to steal a popular right wing line, to be a little bit of “poor envy”.

Bottom line for me is that it’s time for the screamers and ranters to get out of the way and let some sense come back into the argument. Contrary to what both fringes think, neither represent most Americans and I, for one, am getting a little tired of being governed to satisfy the extremes.

Atlantan

July 20th, 2011
1:29 pm

As a small business owner I can attest that the cost of healthcare has gone up significantly and this primarily due to ObamaCare according to our insurance group.

Obama just threatened to withhold SS checks if the debt ceiling isn’t lifted. Imagine the threats and CONTROL once the government runs and owns healthcare. Who in their right mind wants to submit to this level of control?

OMG...Really

July 20th, 2011
1:32 pm

Red,

Personally, anything that helps me is great. But the cuts were sold as a way to make things better, to spur job growth, to expand the economy. Yet the result has been nothing but expansion of debt and minimal job creation by the “job creators”.

And to be very clear I am not harping on the Bush tax cuts. I am calling them bad policy, bad economic thinking and abject failures if evaluated against their positive impact on the nation as a whole. I’m not cynical enough yet to buy into the “I’ve got mine, hope you get yours” mindset. I have kids to think about.

cubbie

July 20th, 2011
1:32 pm

I agree with sf and Doug. Congress should be looking at their own salaries and benefits. How about they take out a common HMO instead of the finest health insurance. “Common sense has been replaced by greed and power.” Obama is spending his time making money for his re-election. I’m sure others are as well, the heck with the budget, that is more important.

Since it’s inception, Congress has been partisan. That isn’t the problem, narcissistic politics with a parsimonious electorate is the problem. Doug, I’ve come around to term limits, too. If we have a good congressman, she/he can run again in another ten years.

As for SS, the National Debt Awareness Campaign (NDAC) gives the following reasons for the money problems. I don’t know if the figures are accurate, but I tend to believe this organization more than our government. A sad state of affairs.

- There is no money in the Social Security Trust Fund, it has all been spent. A record has been kept, so we know what’s supposed to be there and who borrowed and spent the money (hint: other government agencies, and it’s part of the National Debt).
- Currently workers are paying more into Social Security than beneficiaries are taking out. Money going into the program is paying the benefits, and what’s left over is being “borrowed” by government for general budget spending.

RetiredSoldier

July 20th, 2011
1:32 pm

Bush tax cuts this…Bush tax cuts that…. Please remember this are now the Obama tax cuts. Like I said yesterday, the tax cuts Obama oppossed before he supported them before he opposed them. Not the Obama tax cuts you reply?

Well the Dems controlled the House and the senate last december and Obama signed the extension. Can we all agree now they are the Obama tax cuts?

OMG...Really

July 20th, 2011
1:34 pm

Atlantan,

Exactly how has a program that has yet to be fully implemented had this effect. I run a small business as well and the costs of healthcare were spiking long before the healthcare reforms were a twinkle.

OMG...Really

July 20th, 2011
1:35 pm

I use the term Bush tax cuts as a descriptor. If it makes you feel better call them moon cheese subsidies. No matter what you call them they were bad policy and bad for the nation as a whole.

Fred from Fitzgerald

July 20th, 2011
1:37 pm

Tom Perdue will make sure Saxby runs so he can make another million or so re-running old Saxby TV ads.

RetiredSoldier

July 20th, 2011
1:42 pm

OMG-

Why can’t you call them what they are, Obama tax cuts. You don’t like the tax cuts? Fine. Blame the right guy, Pres. Obama. Liberals have no problem blaming conservatives, they just have a different standard when one of their own commit the same offense. You are entitled to your own opinion, but not your own truth.

ifthethunderdontgetya™³²®©

July 20th, 2011
1:44 pm

The far right and the far left do not care that if you do not turn the ship in time it WILL founder.

getting a little tired of being governed to satisfy the extremes.

What are you two talking about? Exactly what has “the far left” done to create this alleged “debt ceiling crisis”?

When is the last time anyone in our government listened to “the far left”? If they had, we wouldn’t have made the epic mistake of invading Iraq for no reason. We wouldn’t have enacted the disastrous Bush tax cuts for plutocrats (Anyone remember DIck Cheney: “Reagan proved deficits don’t matter”?)

And we wouldn’t have deregulated the banks and had a financial crisis.

Too bad we don’t listen to “the far left”.
~

OMG...Really

July 20th, 2011
1:50 pm

Because it doesn’t matter except to hacks like you who need a boogie man to blame things on.

It’s the cuts that were wrong headed and they were initiated by GWB. That’s where the description came from. How about we call them the “Obama Cuts that Retired Soldier Hates”. Make you feel better little boy?

Sheez.

RetiredSoldier

July 20th, 2011
2:01 pm

thunder-

Surely you jest, in the small chance you are serious I submit the following:
1. The far left has done at least two things to create the “debt ceiling crisis”. They have made all previous spending look petty by the huge deficits the past several years. And, they want more money and more government.

2. Iraq? You mean the fine job of Obama, following the Bush plan in Iraq, keeping Gitmo open, keeping tribinials, doubling down in Afgan., and starting a new in Libya. Yep Bush was really bad.

3. deregulation, ok but look at what Obama has done, the economy has really taken off hasn’t it?

td

July 20th, 2011
2:04 pm

OMG…Really

July 20th, 2011
1:13 pm

1: We shall disagree on this one. The information I have seen is from the Chamber of commerce and its small business arm.

2: Most of these plans from the right, left or the President do not start for years to come. If these areas are open at least these companies will start to hire the engineers and other white collar people now to do the research. Just the opening will drive down the speculation and drop gas prices.

3: All I am saying is that if you divert these funds from the programs (Not raise any new revenue) and spend it instead on actual projects then the people currently on the programs can become productive tax paying citizens. The bottom line would be less money going out from the government and more coming in due to the increase in tax payers.

4: The new revenues are going to be from the more people taken off the current welfare rolls and put onto the tax payer rolls. The government would not have to outlay as much money and would be able to receive more money. Again this is not short term in the since of 2 to 6 months but I would guess that we could see benefits coming in the next 12 months.

5: If you are currently 45 then you can not start receiving until you are 65 and 1 month, 44 would be 65 and 2 months… If you are currently 25 then you could not receive until 66 and 8 months. This would be a gradual increase in retirement age and allow the younger generation to plan for their retirement.

6: ” As for Child Support, the taxes on that money have already been paid by the person earning it.” We currently make people claim in kind support from individuals or your company (like if a company supplies you a car) as income, is not CS the same? Alimony is counted as income also. CS is not taxed and is not counted as income. There are many custodial parents receiving $20,000 to $50,000 plus per year, not having to report it, work a part time job to show $8,000 to $12,000 a year and claiming the EITC where we are giving them and additional $2000 to $3000 per year. Nice scam isn’t it.

OMG...Really

July 20th, 2011
2:11 pm

td,

Unfortunately life is intruding upon my fun time and I have to actually do some work.

But unless I miss my guess we are engaging in an intelligent discussion even though we are disagreeing. Is that possible? Are we actually on a blog? Wish I could keep it up.

RetiredSoldier

July 20th, 2011
2:16 pm

OMG-

So name calling is ok, shame on you, maybe I’ll take my ball and go home. I don’t hate the tax cuts so your new name would not be correct. But being correct doesn’t appear to matter.

OMG...Really

July 20th, 2011
2:21 pm

Act like a child and I’ll call you one.

OMG...Really

July 20th, 2011
2:22 pm

And I’ll gladly shoulder the shame.

Red

July 20th, 2011
2:26 pm

OMG – please tell me what is wrong with a person keeping more of their money? With that money, a person spends it on goods – moving product/inventory off of shelves thus creating jobs and wealth and revenue for government. Please show me how placing that money in government hands does better for an economy? Because last I saw the great experiment with shovel ready jobs completely failed at creating jobs and spurring economic growth. Do you have a third option to add?

RetiredSoldier

July 20th, 2011
2:31 pm

Well said Red

Dan

July 20th, 2011
2:37 pm

OMG and TD, kudos to both of you. I have really enjoyed reading your debate.

Red– I disagree with your premise, and so do a lot of other people. From what I have read, the less income one has, the more one actually spends what they have on goods and services. So you’re correct there. But when those with higher incomes “keep more of their money,” they don’t spend it– they save it, or invest it long-term somewhere (which has only an indirect and diluted benefit to the economy, again from what I understand). That’s the fallacy of “trickle down.” If you over-tax, of course, then you can drive business elsewhere, but we’re nowhere near doing that in this country. I don’t care how high our theoretical corporate tax rates are; with all the deductions and loopholes available, corporations in the U.S. don’t pay near those rates. The real problem is tax havens where they pay *nothing*, and lowering taxes won’t solve that problem, unless we lower them to near zero.

You get a free shot at responding, because I have to get to work.

Dan

July 20th, 2011
2:40 pm

By the way, I pretty much agree with you on “shovel-ready.” That appears to have been mismanaged, with too much red tape and bureacracy. To the extent it helped, it could have been much more efficient.

Bye now.

RetiredSoldier

July 20th, 2011
2:44 pm

Dan-

Briefly, I believe Red’s point is what entitles government to more and more of someones wealth, regardless of how “rich” someone is. Second, corporations don’t pay taxs really, they just past that expense on to you and me.

td

July 20th, 2011
2:52 pm

Dan

July 20th, 2011
2:37 pm

Where is the money coming for the corporations to pay all of those taxes? It is either coming from one of two places. They are either passing on those taxes to the consumers or they make less profit and as a result pay less dividends or their stock is worth less. Either way the consumer is paying the taxes in higher prices or their 401K, retirement plan is not worth as much money.

jsmtih

July 20th, 2011
2:53 pm

PEOPLE PLEASE !!!! have you not learned that America was founded on the idea of self determination !! the INDIVIDUAL!! take care of yourself people, the fact that some of you think government programs are a good thing just blows my mind. who in the heck is teaching you people and what are they teaching ?? my god , no one should ever want a government handout of gov assistance… take care of yourself and lets have a country where the government stays out of our lives

Unemployed in S GA

July 20th, 2011
3:05 pm

How can they CAP Social Security COLA? You can’t get much less than ZERO.

How about cutting out some of the EXTRAVAGANCE of the way folks in Washington live:

Private jets to everywhere, 26 servants for the First Lady (How many does Queen Elizabeth have?)
Getting paid for not showing up when Congress is in session…. Lifetime benefits for one term of service, Endowments to Arts that only a few ever see, Giving away $$ to educate folks that have no business in college anyway, and, Wasting $$ on every turn… (Just to name a few)

Folks in Washington need to come down to the REAL world and see how HONEST folks deal with their budget issues. You 1st look at what comes in, and, when it is Spent it is GONE. Overdrafts at he Bank are expensive…(I learned that when I was a teenager.)

You CUT up the credit cards, and if you” CAN’T Pay For it, You DON’t NEED it”, (Wisdom from my Grandparents) You drive a car that is PAID FOR, live in a home that is WITHIN your means, STAY HOME when you can not afford to take a vacation, and CUT OUT THE FAT from your grocery list because it is better for your health to do without it. You HELP your neighbors in ways you can, but you DON’T butt into their business, and you TRUST GOD to PROVIDE.

I have been unemployed for 2 years and I sleep well at night because I don’t OWE anything to anybody but GOD.

I PRAY that our Leaders can learn to do this also.

Red

July 20th, 2011
3:06 pm

So a person must be punished because they hoard their money? Is that the logic I hear? Because a person does not pay it out but actually save it, they should pay a heavier tax? Then with this logic, tax every 401k and savings account as well. You do realize that these rich actually invest, yes the word invest, in other things. You know the evil corporate jets Obama always whines about? It does take middle class workers to build them and the components. The yachts that Democrats whined about in 1990? Jobs.

The irony here is that the party that pretends to favor the working man has done quite a bit to ensure Wall Street still remains rich. Note the markets going up since Obama has been in office. Notice the bailouts – who received billions in tax money? It surely was not me. Banks were bailed out – you know those rich who hold onto money as you say?

As for the shovel ready needing better management – your point is taken and it actually backs up the point of many conservatives. Government cannot manage jobs. Government cannot manage these programs. When a system is designed as a spoils system, certain people benefit, cash out, and then the ‘project’ gets little traction. A few bridges are built. Money is exhausted. Job done. Layoffs come back. A road is paved. Job over. Layoffs. Government contracts to short term projects watch much of the money get lost in payouts and when the job is over, what is left?

Instead of paying the billions to failed banks, the government could have easily divided that same money pool up to each family – say $10,000 for the sake of the argument. That money could have been used to shore up credit of that family or used to spend on goods. But instead the billions shored up companies that do nothing in the way of generating jobs or the overall economy.

td

July 20th, 2011
3:27 pm

OMG and the rest of my Dem friends. Below is an article showing point 1. If you want to put people back to work and at the same time raise revenues and collect more taxes then write your Dem. congressmen and the President and tell them to stop the nonsense.

http://thehill.com/special-reports/energy-july-2011/172391-end-moratorium-on-offshore-drilling-now

Lynn

July 20th, 2011
3:29 pm

I wish everyone would stop referring to Social Security & Medicare as entitlements – they are NOT. Workers and their employers paid into these systems, and then our government stole all the money and is now having to pay the benefits. If you want to cut real entitlements, cut Medicaid, Food Stamps, WIC, Unemployment, etc. These are true entitlements by definition.

RetiredSoldier

July 20th, 2011
3:47 pm

I think all the liberals have been run off by this burst of common sense. Shame on us!

Ghost Rider

July 20th, 2011
4:05 pm

yuzeyurbrane:

You do know that the Social Security funds have been spent long ago, right? The money isn’t there! The monies “held in trust” by the government went to fund “The Great Society”. The money is owed to the citizens, but has been spent by the government. Therefore, the fund is NOT good for the next 25 years, and certainly NOT good for the next 75 years. If you wish to believe that it is, please continue to do so. Maybe you sleep better at night with the lie rather than the truth.

double

July 20th, 2011
4:13 pm

Off subject question?Td you mention drilling shale for natural gas.If I understand this involves horizontal drilling, then hydraulic fracturing.If this be the case.Then what are we doing to our ground water?If the fracture liquid is reclaimed how is it treated,and disposed?

TSA on the way to second base

July 20th, 2011
4:24 pm

@Doug and others…

WHAT CREDIT RATING? The US is debt almost 15 TRILLION dollars; the federal reserve is just printing more money… anyone here realize what is going on?

http://www.youtube.com/watch?v=k6zpfE7WjHI

cs

July 20th, 2011
4:31 pm

when they cut all foreign aid first, then start whackin the war mongering budget, then farm welfare, err subsidies, becomes extinct, i might take this bunch of clowns on both sides serious. americans first for a change!!

MrLiberty

July 20th, 2011
4:35 pm

If MASSIVE cuts are not made from DAY ONE, no proposal will be worth a damn. No future congress will ever abide by spending limits set by today’s congress – guaranteed (your honor, I would like to introduce the historical record as my evidence).

Only Ron Paul after 30 years in congress seems to get this. All the others wish to come up with huge numbers that stretch over 10 years but mean little on an annual basis and will mean less when the next budget is proposed.

The government defaults every time it raises the debt ceiling, every time it prints money out of thin air to pay its bills, and every time it screws the america public to pay off its debts to the worldwide banking cartel that really runs this country.

end the fed.

gsueagle

July 20th, 2011
4:44 pm

saxby looks good standing with dick durbin. two peas in a pod. looking forward to the day when i can vote against that rino

CG

July 20th, 2011
4:46 pm

I don’t know why people are against means testing for social security…especially if that means testing brings about savings that are plowed back into social security — thereby PROTECTING the most vulnerable.

…and keeping it around for when I’m ready to retire and may be vulnerable!

td

July 20th, 2011
4:50 pm

MrLiberty

July 20th, 2011
4:35 pm
If MASSIVE cuts are not made from DAY ONE, no proposal will be worth a damn. No future congress will ever abide by spending limits set by today’s congress – guaranteed (your honor, I would like to introduce the historical record as my evidence).

You are absolutely correct. This is the reason I have said from the beginning spending cuts first and revenue enhancements in the future.

td

July 20th, 2011
4:55 pm

CG

July 20th, 2011
4:46 pm

Simple, the day you start means testing the program is the day it turns into a welfare program. How much money is too much to receive SS? Will that be the same 20 years from now? Why do people have to pay into something they will never get anything out of? Is that fair?

Remember the 16th amendment (income tax) was set up on the promise that only the top 1% would pay 3% of their income for the betterment of the rest of the people. How did that work out?

kc

July 20th, 2011
4:56 pm

can we end/stop some of free trade agreements that result in massive job loss?

seems like even if cuts are made and taxes were lowered other countries will just lower theirs as well….race to the bottom?

any economists in the house?

Bob

July 20th, 2011
5:02 pm

Saxby has been as sorry a Senator as Jimmy Carter was as a President. If you paid any federal income taxes for the past 10 years, you benefited from Bush’s tax cuts. If you didn’t pay any, why? Maybe you’re part of the problem of our “entitlement” system.

td

July 20th, 2011
5:03 pm

kc

July 20th, 2011
4:56 pm
can we end/stop some of free trade agreements that result in massive job loss?

We can stop the outsourcing of jobs tomorrow if we were not so greedy as a nation. All you have to do in shop for American made only and if enough people did this then these companies would start producing them again in the US.

Pompano

July 20th, 2011
5:06 pm

@td is correct. Means testing = Welfare!

However, by the time these idiots blast away our 401k’s and other retirement benefits all private sector employees (except the Union thugs that cut their special interest deals) will qualify as indigent when we retire.

RetiredSoldier

July 20th, 2011
5:08 pm

well said Bob

RetiredSoldier

July 20th, 2011
5:13 pm

kc-

Where do you put your money? I would bet it’s where it is treated best. That is the driving force behind the loss of jobs overseas. Very simply the money is treated better there. Want the solution, it really is very simple. Adopt the fair tax. All federal taxes except the excise tax are gone, Where do you think business’ will wnat their monety to be? And remember those offshore bank accounts of billions and billions of dollars are parked in. Well the fair tax will bring it all home. Why? Beacause that money will be treated better in the USA than overseas.

yuzeyurbrane

July 20th, 2011
5:14 pm

Cubby and Ghost Rider–
You have been given inaccurate facts re SS. Our FICA taxes go into the SS Trust Fund which has been receiving more funds than paid out since the beginning of the program until this year for the first time. It has accrued a $4.5 trillion surplus. Now, the money has not just sat there. In order to earn money on its surplus, the SS Trust Fund has invested in US Treasury bonds which have been the world’s safest investment, at least until the recent craziness. Others, like large banks, brokerage houses, rich folks and foreign governments (e.g. China has over $2 trillion worth) also own them. So while the SS Trust Fund may not be primarily composed of liquid cash, it is hardly worthless unless the US govt. decides to welch on its legal obligations to Seniors. Granted, the govt. could choose to pay banks or China first and stiff Seniors, as has been proposed in some legislation by some Republican Congressmen and at least 1 Republican Senator, but it is highly unlikely the American people would stand for this.

As I alluded to briefly above, SS benefits have been paid at 100% and totally from each year’s FICA revenues until this year when there was a small difference which was met by interest income on the US Treasury bonds held by the SS Trust Fund. Projections are that revenues plus interest will be enough to pay 100% benefits for at least another 10 years and that revenues, interest and US Treasury Bond redemptions would pay benefits at 100% for at least another 25 years. With minor modifications the SS Trust Fund will be able to pay benefits at 100% for at least another 75 years after that. There are several proposals for minor legislative modifications which would accomplish this goal. They should be considered in the normal legis. process (hearings, votes, etc.) and not at the point of the debt ceiling gun.

Bob

July 20th, 2011
5:16 pm

RetiredSoldier…thanks, but more importantly, thank you for serving our country.

Lynn

July 20th, 2011
5:18 pm

There are a lot of things in the Federal Budget that can be cut easily because they never should have been there in the first place. Just to name a few: $445 million for the Corporation for Public Broadcasting, $17 million for the International Fund for Ireland, $420 million for Legal Services Corporation. $1.565 billion in Amtrak Subsidies, $4.5 billion for Community Development Fund, $7.5 billion I/2 of the Federal Travel Budget, $76 million for the Appalachian Regional Commission, $1.15 billion for Programs under the National and Community Services Act, $250 million for Economic Assistance to Egypt, $1.2 billion savings if it were prohibited to use taxes to fund union activities by federal employees. $900 million to fund Obamacare administrative costs. These are just a few, there are many, many more.

DannyX

July 20th, 2011
5:19 pm

The Tea Party people are crazy and out of touch with America.

A Washington Post poll just released shows a super-majority favor a tax increase on those making more than $250,000.00 a year. 73% of all independents favor a tax increase, 54% of all Republicans favor a tax increase, (they haven’t all gone crazy.) In fact all the polls heavily favor Obama over the Republicans on this issue.

The Tea Party is full of crazy people.

RetiredSoldier

July 20th, 2011
5:20 pm

Thanks Bob, it was a pleasure. Wish I was young enough to have the old rucksack on my back.

RetiredSoldier

July 20th, 2011
5:22 pm

Lynn-

Keep going, no disagreement yet!

RetiredSoldier

July 20th, 2011
5:27 pm

DannyX-

Source of the poll?
Just because a majority of people are in favor of something doesn’t make it right.
I believe I have said this on this blog before, the “tea party” people that helped organize an event where I live were normal every day working class folks fed up with the direction of our government. Crazy? No, well informed, yes.

ray

July 20th, 2011
5:49 pm

There is no greater waste of tax payer money than the salaries given to the tea-bagging GOP that is supposed to be representing Georgia.

The average Georgian has NO representation in the House.

DannyX

July 20th, 2011
5:53 pm

“Source of the poll?
Just because a majority of people are in favor of something doesn’t make it right.”

Source of the poll? Just google “tax poll.” Take your pick, there are plenty of new ones, they all show the same thing, strong support for Obama on the issue, very poor results for Republicans.

Speaking of poor results for Republicans, how is Wisconsin going? Not too good is it? Less than a year in office their governor is at 29% approval. The crazy Tea Party antics created a revolt. Fed up indeed, and doing something about it with recalls.

bulldog

July 20th, 2011
6:13 pm

If Saxby has anything to do with it, watch your back, because that Mexican lover will lie lie!

ray

July 20th, 2011
6:20 pm

Saxby may be the only Republican in this state who hasn’t sold out the country.

Takes stones to raise revenue – just like Ronald Reagan had a pair.

These House maggots pander – they wouldn’t know how to lead if it sat on their face.

[...] on Tuesday, there was Coburn in the members-only briefing of the Senate, endorsing the proposal. military surplus#dd_ajax_float{ background:none repeat scroll 0 0 #FFFFFF; border:1px solid #DDDDDD; float:left; [...]

[...] on Tuesday, there was Coburn in the members-only briefing of the Senate, endorsing the proposal. military surplus#dd_ajax_float{ background:none repeat scroll 0 0 #FFFFFF; border:1px solid #DDDDDD; float:left; [...]

Pompano

July 20th, 2011
6:42 pm

@ray – Saxby seems to be the only GA repub currently selling us out (though his bud Johnny would be quick to pull the trigger as well). Let’s recap… good ol’ Saxby wants to:

> Raise taxes on middle-class home-owners with mortgages. So he wants to pile on the large losses suffered by increasing the cost of homeownership.
> Increase the role of Government regarding health care by eliminating the incentive to actually save and pay your own medical bills.
> Destroy charitable giving. The government should be in charge of all hand-outs!
> Penalize responsible individuals who actually plan for their own retirement in order to make us all dependant on Soc Sec.
> Turn Soc Sec into a pure welfare program

Even Sherman didn’t do this much damage to the state! Saxby is a worthless excuse who would not even be in office had he not run unopposed in the primary.

Ghost Rider

July 20th, 2011
6:49 pm

ray

July 20th, 2011
6:57 pm

Pompano – you should start buying your weed from somebody else.

Just like Bush gave us Obama, you and your moronic interpretation of conservatism will end up giving us decades of liberal leadership.

Shut your pie hole…or maybe you are a liberal?

angie

July 20th, 2011
6:58 pm

We voted and put these people in office and the only way to change is to let them know we don’t like the way things are going and the might be out of representing

Lynn

July 20th, 2011
7:17 pm

The “Deadly Six” is correct – and they WILL NOT BE VOTED FOR AGAIN!! Our politicians should hang their heads in shame – both sides. Keep veterans benefits (you mean they have some – these people who save our a__ __ every day of their lives?), social security in tact, and medicare in tact. Do NOT raise taxes – instead CUT OUT THE PORK BARREL SPENDING – which they ALL DO – and then cut the salaries of each and every politician – especially the DEADLY SIX…….

hl

July 20th, 2011
7:24 pm

Please don’t call Social security and Medicare entitlement programs .. They are set up as insurance programs much the same way that life insurance is. That’s just a nit with me…

I haven’t read the bill so I can’t comment on that yet but good for some congress folks for working together to get us out of this slog. Who would have thought that unfunded tax cuts, medicare prescriptions plans, education spending and two unfunded wars would have caused such a large deficit.
Federal Taxation is the lowest it has been in sixty years and if it paid for itself we’d be at zero percent unemployment. Not all taxation affects unemployment folks. Talk about class warfare. 40 million earned under 24,000 dollars a year and did not pay federal taxes. What lucky duckies. BTW.. that’s a family of four. Yup..class warfare Let’s tax them 100 dollars a year in federal income tax. I don’t have a problem with that but I bet walmart would.

Lynn

July 20th, 2011
7:25 pm

And another thing – if you think Saxby Chambliss and Johnny Isaakson care one flip about the people in the state of Georgia – think again. Can either one of them explain to the public why they stood by for years knowing that mentally ill and retarded were dying, being abused, and suffering in this state? It took the Atlanta Constitution and the Department of Justice to intervene. They – and their Republican co-horts and Governor – stood by, never did one blasted thing, nor make any comment on this subject at all. People DIED, were assaulted and abused – and our fine Senators did nothing!!!! So, from a financial standpoint – do you really think they care about people – when they didn’t even care about our most helpless????? Ask them why the Dept. of Justice had to come here – why did they did nothing themselves and why didn’t they demand investigations into their own state????

hl

July 20th, 2011
7:28 pm

LYNN.. Federal taxes do not pay for defense, social security,veteran benefits, medicare and medicaid. Forget unemployment, after all those folks can beg on the street. President Reagan passed a bill called emtala, look it up.

Lynn

July 20th, 2011
7:36 pm

HL:

It doesn’t matter – you don’t cut VET benefits, Social Security benefits, nor Medicare to pay for the borrowing from Peter to pay Paul they have all done to begin with. Our VETS should be #1 in all of this – have we forgotten we are in a war?? Thousands of these men and women can’t even get services upon their return – our country and politicans should hang their heads in shame !!! As far as Social Security and Medicare is concerned our fine politicans have taken from these funds for years – no doubt to pay for their Pork Barrell spending – well now they can just put it all back…..if Corporate America did this any company would be shut down…

Lynn

July 20th, 2011
7:38 pm

HL:

Bless you – no Social Security and Medicare are “not entitlement programs” – we have paid into this insurance fund – REQUIRED BY LAW – and it is indeed an insurance program – most people will never see what they have paid into it. Good Lord, if someone dies before they reach the age to reap the benefits – well our good ole government just gets to keep it……..

Neil

July 20th, 2011
7:52 pm

I agree, this is just another move at political cover, where non-specific cuts are proposed that are supposed to get implemented years down the road cloud the truth. What we need are IMMEDIATE and SPECIFIC cuts to CURRENT programs. Even if we reduced spending levels to 2008 levels, we could cut more than a TRILLION dollars per year from the budget. What gets lost here is that Obama and his crew have increased the annual defecit by more than a TRILLION dollars per year.

They used the excuse of the recession to foist a so-called “stimulus” that was nothing but pork social spending, and now they are using that higher baseline as the new normal. Their answer is to raise taxes and some of you brain dead class warriors rage on about the “rich” and other talking points. I remember the days when everyone wanted to become rich. That’s what made this country great.

Today, the successful are insulted and called names, while the medicore and lackluster discuss how to spend their money. It’s all about redistribution of wealth and it’s disgusting. The “fair share” not being paid is the fair share from the 49% of wage earners who pay no federal income taxes and demand things from those who pay the lion’s share. Disgusting.

ray

July 20th, 2011
7:55 pm

At least this tea-bag infection ain’t pretending to be Christian. Like Neil, who doesn’t even try to hide the fact that he’s an ungrateful prick.

The Centrist

July 20th, 2011
7:58 pm

I wonder if Lynn has ever looked at just the federal budget summary. If things were so simple, John Sidney “I don’t know much about the economy” McCain would be President.

hl

July 20th, 2011
7:58 pm

Lynn, You lost me. I have paid for term life insurance and guess what I didn’t die. Most companies offer term insurance and health insurance and only if you are sick or die do you reap the benefits. Those are private companies. That’s the way it works. Corporate America actual does this all the time. Social security and medicare are only gone if you continue to vote for people who want to get rid of it.
You are definitely right, the war should have been paid for. I would have been glad to buy war bonds. In the old days before Bush, that’s what happened.
I’m still waiting for those Bush tax cuts to create employment. Look at graphs.. Reagan raised taxes eleven times, Clinton raised taxes..did those tax increases create the jobs that were created probably not. Most studies show taxes do little for job creation.
You just keep listening to Boortz and Fox though and someday the magic fairies will appear to save you.
I don’t know you so this comment is not meant for you, but can someone tell me what libertarian country they would live in. Ayn Rand was lucky because while she preached her magic world she was lucky to have her hospital expenses paid for by the good old USA and medicare.

Neil

July 20th, 2011
8:00 pm

What exactly am I ungrateful about “Ray” ….hmmm? I pay in the high five figures every year in taxes while a near majority pays NOTHING in federal and state taxes. What exactly am I “ungrateful” about and to whom? I think you have it backwards. I think many out there are not grateful that I and others like me pay the vast majority of the bills in this country while being maligned and called names by morons like you.

Pompano

July 20th, 2011
8:00 pm

@ray – such intelligent commentary on your part. Shows that you’re clearly part of the moocher class that doesn’t contribute to Society. An easy way to spot a low-IQ is resorting to name-calling (which explains your lack of understanding the difference between a conservative & a liberal).

You should avoid attempting to participate in blogs in the future that are clearly above your ability to comprehend.

Dummy

July 20th, 2011
8:03 pm

Only a knucklehead would continue to argue about who the tax cuts belong too…. You do not cut taxes when you are about to go to war…How do you pay for a war Mr. Bush? Wait I got it I am going to pass a tax cut bill that will take care of everything…Yes I did it again..

The Centrist

July 20th, 2011
8:05 pm

Neil. I will ask again. Please tell us what specific spending items of Obama’s can to directly contribute to the TRILLIONS of increased government spending. Entitlement increases don’t count, war spending doesn’t count, simulus monies were appropriated before he took office, and you know that the Part D GOP plan was much worse of a hit on the budget than the Affordable Healthcare Bill. Which by the way, the “administrative costs” on businesses are more than offset by grants, tax credits, and direct reductions in health care costs.

Dummy

July 20th, 2011
8:09 pm

Neal so how much do you money do you receive with your tax returns? I pay a high amount of taxes also but thanks to my business deductions and home deductions I receive a nice chuck of that money back…So when are you going to man and tell the complete truth about what you really pay in taxes?

The Centrist

July 20th, 2011
8:12 pm

Neil. If you pay high five figures in taxes, your problem is having a sorry tax accountant. Not some working person, especially female, making less than $10 per hour who does not have access to healthcare, and whose only hope for retirement is social security.

Neil

July 20th, 2011
8:17 pm

Centrist…you’re putting words in my mouth it seems. First, I would roll back the spending to 2008 levels….as a start. That would get the annual deficit down to roughly $500 Billion, depending on actual tax receipts. Not great by any stretch, but a HUGE step in the right direction. I would remove the increases that were made part of the budget baseline by the Dems as part of the “stimulus” bill.

From there, I would repeal Obama-care and the spending mandates contained within. I would repeal the Bush drug deal added to Medicare, and I would review the Pentagon budget to maximize value and remove unnecessary weapons systems and procurement waste.

After that low hanging fruit was picked, I would move to completely restructure Social Security and Medicare. Neither can survive as currently constituted. That’s not a political statement but rather a statement in fact, as confirmed by CBO and the Trustees. They cannot be made sacred cows that are off limits, or they will just cease to exist by their own accord.

As far as taxes go, JFK realized that a growing economy and lower rates bring in higher receipts. The class warrior hatred and the ignorance of basic economics by today’s Democrats has them fixated on raising rates and raising taxes on people as a way to punish them. Things have gotten so far from where they were even 50 years ago in JFKs day. We need to go back to what Democrats like JFK stood for….free enterprise, strong military, self reliance.

hl

July 20th, 2011
8:18 pm

The Centrist ..most folks don’t realize that the increase to the deficit are programs started under Bush. Although I haven’t read the gang of six proposal, I’m pleased to see the parties working together to pay our debts.
As far as earmarks go, I know in our state they have been lobbying for federal funds for the Savannah port. My feeling is that if a state feels that those funds are important, we should pay for them at the state level. Representatives get reelected by bringing home funds that help states grow. I don’t care what you call those funds. Under Republican house leadership they are no longer called ear marks, though.

Pompano

July 20th, 2011
8:20 pm

@Neil – excellent rebuttal!

hl

July 20th, 2011
8:21 pm

Neil, We are talking about federal taxation..for example if your gross is 100,000 and you pay 20,000 in federal taxation, that’s 20 percent.. We all pay a lot of taxes. Even those 40 million who have a family of four earning less than 24,000 who don’t pay federal income tax, they pay lots of taxes. Those lucky duckies btw not having to pay federal taxes.

hl

July 20th, 2011
8:25 pm

Neil, I assume you don’t want to go back to the JFK, tax rates though. Since then taxes have gone up and down and although I think some specific cuts help, generally graphs don’t prove that.
According to the CBO which you site, Obamacare lowers the deficit.

Lynn

July 20th, 2011
8:26 pm

Here are some items that the Federal Government is paying for with our tax dollars that should never be in the Federal Budget. $25 million to Save America’s Treasures Program, $167.5 million for the National Endowment for the Arts, $167.5 million for the National Endowment for the Humanities, $250 million for Hope VI Program (What the He….is this)?, $1.3 billion for duplicative education programs, H.R. 2274 (in last Congress), authored by Rep. McKeon, (again, What in the He… is this?)$55 million for U.S. Trade Development Agency (again, What is this?), $20 million for Woodrow Wilson Center Subsidy, $24 million for Heritage Area Grants and Statutory Aid (again, what the He.. is this)?, $95 million for Beach Replenishment, $2 Billion for New Starts Transit. This is a few more of many, many things our tax dollars are going toward that should never be in the Federal Budget. Do we smell PORK BARREL somewhere in all this Federal Spending? All of these and others could be cut out of the Federal Budget entirely, and our illustrious leaders could probably balance the budget by themselves without expert help. The BIG Question is, why are these things in the Federal Budget and being paid for with taxpayer dollars?

Neil

July 20th, 2011
8:27 pm

Obamacare does not lower the deficit, unless you use the fuzzy math they used where they showed 10 years of taxes paying for 6 years of services. I won’t even mention that most of the assumptions used for cost reductions have already been proven false.

hl

July 20th, 2011
8:28 pm

I didn’t sleep in a Holiday Inn, but I am still confused why some think supply side will help in this particular economy when we obviously have a demand problem. Banks and corporations are sitting on tons of money but not willing to take the risk.

Neil, you willing to get rid of emtala along with obamacare? Just curious because the Reagan bill has raised costs more.

hl

July 20th, 2011
8:29 pm

Neil, You can’t site the CBO when it’s convenient for you…sorry..

ray

July 20th, 2011
8:34 pm

neil and pompano are too good for Ronald Reagan…

Yeah, I guess making enough to pay all those taxes is much worse than not making crap and getting your ass blown off in Iraq…

Ungrateful frat-boy silver spooners…go write daddy a thank you note..LOL!

Neil

July 20th, 2011
8:35 pm

I think we need fundamental reform in how we deal with medical insurance and emergency care. Just because Obama-care isn’t the right solution, that doesn’t mean the status quo is perfect either. The Dems always want to make things binary…either you are in favor of a gov’t takeover, or you want grandma to starve and babies to die in the street.

We need to address the other side of the equation that Obama-care IGNORES….tort reform and the cost of medical malpractice insurance. That is one of the big factors driving up costs. We also need to stop the insane fraud in Medicare and Medicaid…and please don’t dispute it. It’s pretty much acknowledged by everyone who will be intellectually honest. We need to deal with illegal aliens and those who use emergency rooms as family doctors, by providing subsidized high risk pools and ways to allow families and individuals to buy coverage. If they choose not to do so, then they’ve made a choice.

I have already seen an impact from Obama-care. My own company has instituted a high deductible plan to escape the tax increases. That means my out of pocket costs go up, simply because the gov’t has penalized my company for taking good care of its employees. So much for the “if you like your current plan, you can keep it” crap that Obama and his friends spewed.

td

July 20th, 2011
8:38 pm

The Centrist

July 20th, 2011
8:05 pm

Food stamps. Extended unemployment benefits. Did you happen to read the article in this paper a few weeks ago at what the cost to cover adults between 18 and 65 will cost with expanded medicaid the state will pay? How about covering children until they are 26? Do you want to know how high the classrooms will be when we have to cut an additional $1 to $2 billion per year?

td

July 20th, 2011
8:42 pm

Lynn

July 20th, 2011
8:26 pm

Do we really need to spend $42 Billion a year in Pell grants when we do not even place minimum educational requirements on the recipients during HS and no min. SAT score?

Neil

July 20th, 2011
8:42 pm

@Hi…never doubted CBO, so why can’t I quote them? They are the impartial source from Congress.

@Ray…you love making bad assumptions and bitter stereotypes. I was raised in a 2BR apt in NYC to lower middle class parents. I was never in a frat, and the only silver spoons I’ve ever seen were at Waffle House. Time for a new rant.

The Centrist

July 20th, 2011
9:16 pm

Hey td. Been awhile. Food stamps and extended unemployment benefits are not significant budget increases compared to the baseline. Besides, those monies go directly to supposed taxpayers for goods and services (regardless of legitimacy). I didn’t read the article in this paper a few weeks ago at what the cost to cover adults between 18 and 65 will cost with expanded medicaid the state will pay…because we are talking about the federal budget. Covering children until they are 26 is a horrid government mandate on insurance companies, that does not the federal budget. I’m not sure what you mean by “Do you want to know how high the classrooms will be when we have to cut an additional $1 to $2 billion per year?” If you mean that we can further prove that the under-and-unfunded “No Child Left Behind” is a total failure by design, and the increased student-teacher ratio, will increase the rhetoric of bashing of teacher unions. Yes. Lowering the Federal budget…also, Yes.

hl

July 20th, 2011
9:20 pm

TD.. Take away unemployment and food stamps and start adding how many layoffs walmart and other stores have. We have a demand problem, if we didn’t corporations, and banks would pump money into the economy. When our economy has slowed it has not always been a supply side or a necessarily a demand problem but this time it is clear.
How many jobs are created by that unemployment check?
BTW..I asked others previously, how do you feel about Reagan’s bill EMTALA?

The Centrist

July 20th, 2011
9:24 pm

td. There are minimum entrance requirements. Except, for those for-profit institutions of “lower learning” that some folks want to protect. These are the same folks who fought tooth and nail to try and keep for-profit banks in the education loan business, at high interest rates, knowing they could make sorry loans with 100% guarantee from taxpayers.

hl

July 20th, 2011
9:24 pm

EMTALA is not a government tax but it indirectly it costs those buying health insurance 1200.00 a year and yeah..obamacare is bad.
The funniest thing is to hear Rush saying he’ll move to Chile..hahahahaha…cuz they have universal health care..what?? There are several countries without regulations, without health care mandates and with low taxation. Personally I wouldn’t move to any of them.
I like Ayn Rand’s approach ..write a novel and then use medicare.

The Centrist

July 20th, 2011
9:26 pm

Neil, Hate to butt in, but where you came from has nothing to do with you having a sorry tax accountant.

td

July 20th, 2011
9:40 pm

The Centrist

July 20th, 2011
9:16 pm

Maybe I did not state the article clear enough. We the taxpayers of Georgia will have to pay for 20% of the medicaid cost for covering poor adults between 18 to 65 we will also now have to cover children under Peachcare until they are 26. The estimated cost to the state will be $1 t0 $2 billion per year. That means the Federal cost to the budget for Georgia is going to be $7 to $10 billion a year. The state does not have the revenues for this additional amount so they will have to cut something. Education is the biggest expense so it have to be cut more for this mandated increase in spending.

hl

July 20th, 2011
9:42 pm

Neil, When they looked at the ten year program under obamacare the savings are greater so I’m not sure what you are reading. BTW..you do know that the Ryan proposal which gives vouchers uses the same deductions. Well I assume you do.
Why were we paying insurance companies more to do what medicare did but better? That’s our government for you.

hl

July 20th, 2011
9:45 pm

td..how do you feel about emtala? That was a Reagan program.. Wouldn’t it cost me less to pay for clinics than emergency rooms? I wrote my rep about emtala and he never responded but maybe you will. I’d rather my health care insurance be decreased and pay more for state taxes for clinics. IMO…
Somehow, I’d be paying less.

Timothy Mitchell

July 20th, 2011
10:06 pm

Here’s what i personally think if us middle class and poor people are going to be this way then why not the poltians giving up thewre salary and live like the rest of us. They get free medical dental and all these other perks,while all these america people are suffering there living beyond there means so let those in DC cut there saleries. SS and medicare people in this country has worked for and payed into this system that’s what people look forward retirement so why is it that the elderly and people that depend on ss and medicare while the rich is getting richer and the poor is getting poorer cutting the miltary’s pay that’s not right either

td

July 20th, 2011
10:26 pm

hl

July 20th, 2011
9:45 pm

I must admit I do not know much about the law or if it was a Reagan initiative or a Democratic lead effort. I may be mistaken but I think there was a Supreme court case close to 1986 that required hospitals to perform emergency services.

Hamilton

July 21st, 2011
1:02 am

The stock market has already been affected by the Fools in the US House who are either un-American or too stupid to understand you don’t tie these two issues together. The budget is something we can argue over, but to hold our promises hostage is near criminal and will, at the least be punished on election day.

Madison

July 21st, 2011
1:10 am

Funny that the discussion has turned to how the mean ole Feds are forcing the state to spend money it doesn’t have. I cant feel sorry for Georgia whose state reps. for a decade, have been shifting the stae’s obligations to local governments who cant afford them. Georgia simply doesn’t use it’s money wisely. We are an attractive place to relocate, but our poor support of public education keeps all but the low paying jobs from coming here.
Don’t take my word for it ask a county commissioner or city councilperson. They will confirm the cram down by the state. Ah, the irony.

Birdie

July 21st, 2011
2:55 am

If children are fed at school, is the parent’s food stamp allotment reduced?

kc

July 21st, 2011
6:10 am

The proposal also calls for the Finance Committee to switch to a territorial tax system, under which U.S. multinational companies wouldn’t face taxes on income they earn outside the country. The U.S. Chamber of Commerce and other business groups have been urging Congress to make such a change.

Senator Ron Wyden, an Oregon Democrat who has proposed his own bipartisan tax-code overhaul, said yesterday that driving rates down that far would require making big changes to breaks that many taxpayers enjoy. Those include the mortgage interest deduction and the deduction for charitable contributions.

“You would have to cut back very dramatically on some of the middle-class tax incentives,” he said.

Looks like middle america will take it on the chin under the gang of 6 charade.

guess what folks the corporatists are buying the repubs and dems in this act of bad cop, good cop ….don’t think anyone from prez on down can really be trusted by john q citizen.

dorisswartz

July 21st, 2011
6:52 am

I was told by a friend that something called “Penny Health” is offering health insurance plans starting just $1 a day. That is some thing we all can agree.

J D Eubanks

July 21st, 2011
8:02 am

Here is an idea that the American voters should embrace. Why not have every member of Congress and their staff cut their salaries by 50% and share the pain. Most are rich and many are millionaires that are out of touch with America so why pay them to waste the resources of our country. You laugh? Senators, Reps and the Tea bag gang would not be laughing if you trimmed their benefits by 50%a but that is a good place to start looking for reductions in expenditures. Serving the people of America should be an honor not an occupation. Comments, Mr. Cantor, Mr. Coburg??

Hemi

July 21st, 2011
8:09 am

All of them are a bunch of crooks. If you look into Social Security, there is no emergency or need to mess with this now. The only reason to cut SS now would be so that they can use the money just like the last time. Social Security is fully funded for the next 25 years, and after that tax revenue would cover approximately 75 percent of promised benefits until 2085. Talk of the bankruptcy of Social Security is hot air. And it has zero to do with deficits. The report also says that if we fixed this economy, there wouldn’t be any shortfall. And if there is a shortfall, SS could be fixed easily by raising the cap a tiny bit. Why should the top 18% only pay into Social Security on 106,000 of their earnings? Their crooked trade deals and tax loopholes has the top 18% holding about 93% of the wealth now, they can afford to put back what they stole from us all these years. Why are taxpayers subsidizing Exxon oil cronies that made 341 billion last year? This is crazy. Every Republican, and like 6 oil-patch Democrats just killed a bill to end more than a billion a year in taxpayer subsidies to these shysters. I’ve never seen such greed in my life.

sho'nuff

July 21st, 2011
8:10 am

In my opinion Pres. Obama should not have extended the Bush Tax Cuts. But, he could not just check his advisors. The economy would have been in a much better place had he let them expire. Secondly, about this super secret cabal. History teaches me that the last time people met and agreed in private when the details were released to the public: Women could not vote. Blacks were counted as 3-5 of a human beings, and Native Americans did not exist. So, these secrets meetings are not in my opinion the best way to go. What happened to open government?

td

July 21st, 2011
8:17 am

Birdie

July 21st, 2011
2:55 am
If children are fed at school, is the parent’s food stamp allotment reduced?

The short answer is no. Any child on FS and in school is eligible for free breakfast and lunch.

zeke

July 21st, 2011
9:32 am

The problem with “mans testing” for SS, Medicare or any other taxpayer funded program is IT IS A REDISTRIBUTION OF WEALTH FROM THE SUCCESSFUL, HIGH WAGE EARNER AND THOSE WHO SAVE AND INVEST AND ACCUMULATE SOME WEALTH! NOT AMERICAN!!!!!

Centrist

July 21st, 2011
10:11 am

New subject while Galloway is on vacation – Creation of the Immigration Enforcement Review Board is underway. Thankfully, it is aimed to stop government officials from ignoring the law and creating sanctuaries for ILLEGAL immigrants. Additionally, the panel could look into complaints about government officials failing to require people to show certain forms of identification before issuing them public benefits, such as food stamps, housing assistance and business licenses.

Since the Obama administration has encouraged government entities to ignore laws they don’t agree with, this is a way to stop such action in Georgia.

Tracy

July 21st, 2011
10:51 am

I have a question.Lets see how many can answer it. How much more than the average family of 2 does Obama eat,medicate,use of electricity,pay rent? If he pays the same amount as the average 2 person house hold then why is he getting paid so much just to be a president? Isnt he supposed to be like the rest of us citizens? just a few questions.

ctm

July 21st, 2011
10:56 am

Reed’s – Buckhead money but no votes is funny; Franklin on the DL Board even more undeserved. Such payback…this is a really funny small town!

clearwax

July 21st, 2011
11:07 am

How can Social Security be an “Entitlement” when you and your employer pay into it????? What school did you go to???? Russian?

Centrist

July 21st, 2011
11:27 am

There are large entitlement portions in Social Security, and why payouts are greater than receipts. The disability insurance does not cover claims, and Supplemental Security Income pays benefits based on financial need. These ever expanding entitlements have bought a lot of votes for Democrats. Those who EARNED basic Social Security benefits will have to take less to pay the vote buying bills.

Baby Boomer Aunt

July 21st, 2011
12:20 pm

I’m not a usual commenter, but I’m tired of the words social security and entitlement linked. My mom paid into social security for decades and depends on it now for her existence. I don’t think she’s entitled – she’s earned the benefit because she paid into our federal insurance program. There’s a reason social security and Medicare came into existence. Seniors were eating dog food and dying before their time. Now is the time not to forget why we have such programs. We can be pragmatic and adjust, but be careful. Focus on the billions that military contractors are making off privatized wars.

mark

July 21st, 2011
1:35 pm

legalize weed and regulate!!! tax it at 20%, stop enforcement and imprisonment for having a plant. We will saved well over $100billion. It goes along with a lot you have already said. “govt out of my life”

Jerome Horwitz

July 21st, 2011
1:44 pm

Not every high wage recipient works hard and not every low wage recipient is lazy. There are many factors influencing where one stands in life. That’s why we have programs such as SS and Medicare to ensure folks have dignity in life.

Is it Un-American to have a society where a few reap massive rewards while a majority live hand to mouth. That sounds like a third world nation. Was forced to watch one of those home shows – picking a condo in Central America. The condo compound was beautiful. Outside the compund looked like a massive slum. Is this the kind of America you want?

I have no use for a bum, but, anyone who works hard (no matter the wage scale), plays by the rules, etc. deserves some level of health care and SS in retirement.

kc

July 21st, 2011
2:54 pm

watch these clowns include corporate tax holiday….http://www.rollingstone.com/politics/blogs/taibblog/holiday-in-scambodia-20110720

Neil

July 21st, 2011
2:55 pm

@Jerome Horwitz….

Jerome, it is not the function of the US Gov’t or the State of Georgia, under either Constitution to “ensure that folks have dignity in life” any more than it is the gov’t who should be responsible for deciding who works hard and who doesn’t. The gov’t should ensure that the playing field of opportunity is level, and then it’s up to individuals to work hard and compete to make their way.

Do you think it’s just luck that some people become successful executives and others are working for minimum wage? Do you think it’s just some fluke of the cosmos? In fact, any time I hear about a person who came from poverty and got great grades in school, earned a scholarship to college (which in GA is very simple to do…just get a B average), and then went on to do great things….I just want to jump up and down for joy. It proves that it can be done. Life isn’t fair, and some people have advantages, but sitting around doesn’t overcome those disadvantages. Only hard work and a positive attitude can.

I cannot stand those people who assume that they are owed “dignity” or owed a living or owed something just for breathing. You earn diginity and respect. You earn what you get….in one way or another. Years ago, you earned a living or you starved. Today, people expect handouts from gov’t, and then they rant and rave about the people whose money they so eagerly take. This country has changed from a bunch of pioneers and explorers who took risks and fended for themselves to a bunch of whining babies who want the nanny gov’t to provide them with everything.

kc

July 21st, 2011
3:00 pm

all the pols are bought and paid for, thanks supreme court for making bribery legal

Neil

July 21st, 2011
3:02 pm

Hey KC…the pols are bought and paid for, but it’s the ignorant masses who keep voting them into office. When people understand the issues and act in their own self-interest, instead of doing what some group tells them or based on a 30 sec commercial, then you’ll get better representation.

Until then, people in this country get the gov’t they deserve.

yuzeyurbrane

July 21st, 2011
3:24 pm

Neil, nice emotional rant. I can tell you were not winner of “silver sperm” award. But surely you know some folks who were?

td

July 21st, 2011
3:29 pm

Jerome Horwitz

July 21st, 2011
1:44 pm

“There are many factors influencing where one stands in life”

Can you please name some of these factors?

td

July 21st, 2011
3:33 pm

Neil

July 21st, 2011
2:55 pm

Amen. People choose their place in life. People choose to receive or not receive a education. People choose to do drugs or not to do drugs. People choose to drink or not to drink. People choose to have children they can not afford to early in life and people choose to work hard or not work hard. There should be consequences to those choices but not in America. In America if people make unwise choices then the government takes care of them and then they feel like they are entitled to these handouts.

RetiredSoldier

July 21st, 2011
4:10 pm

Well stated TD.

Jerome Horwitz

July 21st, 2011
4:13 pm

td – know what? I’m with you on your above post. I don’t believe in handouts to people who make bad choices. Have no use for a bum.

Philosophy is that if you’ve worked – say you’ve been a waiter(ress), security guard, mechanic, store clerk, etc. and tried hard in perhaps a job choice that didn’t offer the best benefits then programs like SS and Medicare are there to help you later in life. Not everyone is cut out to be the top of the pile. If that were the case who would pick up the trash?

You guys would have loved this country around the turn of the century – the Gilded Age and the days of the robber barons. The rich kept everything, the poor worked long hours for little pay, and died early.

We just have different ideas about what this country is about. I look at these programs as the hand up – not the hand out. And as long as you can respect my position I can respect yours.

RetiredSoldier

July 21st, 2011
4:26 pm

Jerome-

One of the great misunderstandings in the world of politics is republicans/conservatives are all wealthy country clubers whom seldom had to work due to inheirted wealth. That seems to be your view in reference to robber barons, etc. Fact is most conservatives are like me, strictly middle class from a middle class family who happen to believe is less government, lower taxs and more personal freedom.

I suggest you look at the 2008 elections as a guide. Wall street gives the majority of its cash and votes to democrates. Business centers like New York, San Fran and LA are strictly democrat. The “robber barons” of today are alive and well in the party of Obama.

td

July 21st, 2011
5:01 pm

Jerome Horwitz

July 21st, 2011
4:13 pm

I can agree with you that SS is not a bad program and it is our responsibility to take care of those in their old age that have been producers in our country and contributed to the system (Trash collectors, waitresses ect). These are not the people that are hurting the program. The program is being hurt by SSI (not the ones that can not truly take care of themselves) but the ones that get the so called “crazy” checks. The people that have done so many drugs or are such a drunk that they no longer can work. The ones that have made the choice to defile their bodies so bad with excessive eating that they can no longer work. I have a friend that works for SSI and have told me stories of how women bring their children in to get tested for disabilities and while they were in the waiting room feed the kids pixie sticks and drink coke so they would not be able to concentrate on the test.

td

July 21st, 2011
5:07 pm

RetiredSoldier

July 21st, 2011
4:26 pm

So true. Wall street, hedge fund manager and banks gave overwhelmingly to Democrats and Obama in 2008. This story seems to escape the “main stream media”. Them, trail lawyers, unions and hollywood makes up 80% of all the money the Dems receive. The Republicans are manly funded by corporations, small business owners, the pharmaceutical industry and the oil industry.

Most of the Reps supporters are in middle America and not on the two coast.

Bob

July 21st, 2011
5:31 pm

The solution is simple…term limits. Not being concerned with reelection would allow you to either vote for the benefit of the country or steal, and stealing might just get you arrested. Only a 5 year term for each Sen/Congressman; however, it’ll never happen. How many of you would vote yourself out of a job? Somewhere along the line, we’ve turned “serving our country” into becoming a “career politician”. Just my opinion.

Neil

July 21st, 2011
5:48 pm

@yuzeyurbrane…not an “emotional rant” at all. In fact, what that I said wasn’t factual and was emotional? When people start talking about the gov’t upholding “dignity” and things along those lines, those are the subjective and emotional comments. Discussing what the Constitution does and does not provide for, or that people make their own choices in life, and the fact that anyone in GA with a B average in high school can get a scholarship…those are demonstrable facts.

And no…I don’t know anyone from the “silver sperm” club, whatever that means. People I know and work with have worked hard to get where they are, and no one handed them anything.

What really does irk me and get emotional is this neo-socialism that vilifies financial success. This new popularism is trying to make it something to be ashamed of to be financially and otherwise succesful. Somehow it’s now fashionable to be poor or to be uneducated. Those are now the “working people” as if others are laying around watching Oprah reruns.

What also irks me is the resentment that comes from this new popularism. The top 10% of wage earners pay 70% percent of federal income taxes. The bottom 50% pay nothing. That is not an opinion…that is fact. I posted links earlier in the thread. Now…I don’t expect anyone to give me kudos for paying my huge tax bill every year, but I do expect not to be called names and to be vilified, especially by the very same people who are happy to take the money I pay.

When we hear from the President about “shared scarifice” and paying your “fair share”…he is directing that to the evil “rich” people who make more than $250K/yr, not a very large sum in today’s world. The reality is as I stated. People making more than $250K/yr are paying a HUGE share of the federal income taxes, and it’s really the 50% on the low end who are skipping out on their responsibility to share the burden.

The Centrist

July 21st, 2011
6:00 pm

Things have changed a little since 1992, but it was an experience seeing a major bread winner die and the spouse getting $12,000 from SSI fund to support two children…one going to college, and the household being limited to earning $32,000. Oh yeah, when the yard lizards turn 18 and go to college they were not eligible for SSI. It ain’t as easy a slope as some make it out to be, and I pray to God that this never happens to so-called fiscal conservatives or their children.

kc

July 21st, 2011
6:00 pm

you fail to mention the top 1% earn 25% income and own 43% of financial wealth….how much should they pay in taxes to protect their ability to earn what many view as highly disparate income…..think hedge fund folks who earn billions should only pay 15%…..i do agree 250K is not wealthy when viewed from net income position….i also agree everyone needs some skin in the game, but wonder what % is fair for minimum wage salary

The Centrist

July 21st, 2011
6:05 pm

I was offline for awhile. Did anyone expound on what specific massive spending could be attributed to Obama, and did Neil ever find a good tax accountant?

Neil

July 21st, 2011
6:06 pm

“You fail to mention the top 1% earn 25% income and own 43% of financial wealth.” Yup, I did, but so what? Why is what you stated bad? That is the main point.

What amendment to the US Constitution says that there has to be some even demographic split for income and wealth? Isn’t that the motivator that has built and drives this country and our economy? The fact that one can build wealth and fortune. I think it’s a good thing that more people should aspire to, rather than feeling jealous and envious of what others have.

The Centrist

July 21st, 2011
6:08 pm

Neil. So, the bottom 50% of American do not pay any taxes. Why?

Bob

July 21st, 2011
6:09 pm

How ’bout this for tax revision…a 5% national sales tax and voluntary contributions to the IRS for the value you feel like you’re receiving from the gov’t. Might just get you to vote a little differently.

kc

July 21st, 2011
6:11 pm

it is only your weird view of world that considers it bad…..my guess is there are tons of folks that could replace you in a heart beat…..karma is a b!tch

The Centrist

July 21st, 2011
6:15 pm

WOW Neil, You are on a roll. So what amendment IN the US Constitution says that there shouldn’t be some even demographic split for income and wealth? The only time people are jealous and envious of what others have, in this simply debate, is when they figure out how they got there. On both sides.

The Centrist

July 21st, 2011
6:23 pm

Bob. When you do your 5% national tax, what do you do for state and local requirements for the public good? Does this mean that Social Security and Medicare are excluded from your concept, and those funds are placed in an Al Gore Lockbox and cannot be used to “balance the budget?” Does your plan call for no interstate tranfer of “wealth,” so that most Southern and less populated states will simply dry up? Just asking.

Bpb

July 21st, 2011
6:53 pm

Centrist…thanks for responding. My idea is for Fed only, let the state/local tailor their programs according to needs, resources, etc. Past time for the Fed to stop buying votes with your money. FICA and medicare will continue to be deducted from your pay, and invested separately. I think you’ll see all the Southern states and less populated ones thrive and prosper…I’d worry about NY, CA, MI, and most of New England. Can’t you see that we have a spending problem, not a revenue problem?

Bob

July 21st, 2011
6:56 pm

Bpb is code for Bob…sorry.

Lynn

July 21st, 2011
8:02 pm

Enter your comments here

Lynn

July 21st, 2011
8:07 pm

Why can’t we get a President and a Congress that will do right by the American taxpayer. We didn’t sign up to fund Medicaid, Unemployment, Free School Lunches, Welfare, Food Stamps? Why should those of use who to choose to work, save for our retirement, and have only as many children as we can support be made to pay for those who chose to do none of this and spend what disposal income they have on drugs, booze, etc. I am sick and tired of paying for those who refuse to be responsible for themselves.

td

July 21st, 2011
8:28 pm

VAT tax is just like the fair tax. The only difference is that we still have a income tax. The UK started a VAT tax years ago and said it would only be 5%, guess what it is 23% today. That means you pay a 23% tax on every item you buy. They also have a very high “progressive” income tax.

double

July 21st, 2011
10:02 pm

Retired soldier just wondering.Did you retire from military,or just retired,and was in military?

double

July 21st, 2011
10:15 pm

Jerome think you hit nail on head-carpetbaggers+scalawags=republicans of that day.Ready to loot and plunder the defeated south.

Link

July 21st, 2011
11:06 pm

“– means testing is a possibility –”

Anyone who loses Social Security eligibility because of means testing should get a full refund of every dollar they ever paid in, with interest. Otherwise SS becomes just another redistribution scheme that rewards underachievers and penalizes the producers.

yuzeyurbrane

July 21st, 2011
11:29 pm

Neil, lighten up. You know what I meant by silver sperm award previously known as being born with a silver spoon in their mouth. I assumed you are a self-made wealthy man. I also find it hard to believe you do not know anyone born with a silver spoon. But I guess anything is possible. Also, I will stick with rant because you are making emotional arguments based on some truths, some half-truths and some things you are just wrong about. In short you are expressing your opinion. Fine. Others have already dissected some of your statements so I won’t repeat. But you are wrong to say people who are not subject to Federal income taxes pay no taxes and imply that they don’t work as hard as you. They pay plenty of taxes in the form of FICA, sales taxes, telecommunications taxes, “fees” for various govt. services, etc. Studies have shown they pay a higher % of their meager incomes on taxes than most higher income people like you. Surely, you should remember this since you pulled yourself up by your own bootstraps without any govt. largesse at all? And the people who work by the sweat of their brow at minimum wage jobs which no one else will do are less than you? I have a different opinion than you. I am pleased to see people attain financial success through their hard work and in fact admire them. But I believe in an opportunity society where everyone has a level playing field to make it based on their ability and drive alone. That makes a strong society. Would you prefer a banana republic society with the wealthy few esconced behind their gated communities? I hope not. As that great socialist, Warren Buffett, said: “We already have class warfare and my class has won.”

double

July 22nd, 2011
8:22 am

I would think retired soldier was in combat.His unit attacked by enemy.After the firing stopped,smoke cleared he was the LAST MAN STANDING our hero,and democrat hater,Obama hater.Well thats my version right or left.

Real Athens

July 22nd, 2011
9:32 am

“I suggest you look at the 2008 elections as a guide. Wall street gives the majority of its cash and votes to democrates. Business centers like New York, San Fran and LA are strictly democrat. The “robber barons” of today are alive and well in the party of Obama.”

The “robber barons” gave to who it appeared would win — Hands down. Look at the 2004 elections for that evidence.

RetiredSoldier

July 22nd, 2011
10:09 am

Double-

Movie version out is six months, thanks for the plug.
Not a democrat hater, have voted for a number of democrats, I disagree with most democrats and their liberal vision for America. Absolutely don’t hate Obama, dislike strongly his policies.

Real Athens-

Since Obama was behind in the polls until the crash I don’t think that dog hunts. Look at previous years as well, Wall Street has an absolute leftward tilt.

Ole Guy

July 22nd, 2011
11:09 am

First of all, let’s howbout we stop refering to Social Security as an entitlement…SS is about as much of an entitlement as the proceeds of your stock portfolio, IRAs, and 401Ks. We all paid into these things under the existing “rules of the game”, and under those very same rules, we OWN the proceeds. They’re not gifts, give-aways, or entitlements…they’re OURS. The only entitlements are those enjoyed by the esteemed legislators who have, over the years, raped the Social Security program.

RetiredSoldier

July 22nd, 2011
11:41 am

Ole Guy-

I agree with you, but the government doesn’t. The federal government considers it their money and can do with as they desire.

td

July 22nd, 2011
1:09 pm

Ole Guy

July 22nd, 2011
11:09 am

How about all those people receiving SSI. It is the governments way to strip the money all the hard working people put into the system and to redistribute to others that are to lazy to work (exception being those who are truly disabled and that is about 20% of all SSI recipients)

Jerome Horwitz

July 22nd, 2011
1:48 pm

td – That’s always the tough part. Doubt that most would deny help/assistance to those who are truly trying to work or improve their position. It’s those who are unwilling to work and want to live off of others rankle all of us.

Problem is sorting the wheat from the chaff. A cheat will always find away (probably spending more effort than they would working).

Wilma

July 22nd, 2011
2:49 pm

Let’s examine the Senate plan for dealing with the debt crisis?

Well?

Oh yeah…there isn’t one. Once again, Harry Reid and the dems only know how to say no. The democrats have no proposal at all on the table. Talk about a failure to negotiate!

RetiredSoldier

July 22nd, 2011
2:56 pm

Wilma-

Absolutely correct. Since every single democrat voted against cut, cap and balance I believe the lesson is as follows:

1. All senate democrats believe the expansion of the federal government should be unlimited.

2. There is no need to cut current federal spending.

3. All senate democrats oppose a balanced budget.

Guess that about covers it, oops just two additional questions:

1. Obama, Reid and Pelosi, where is your plan?

2. Reid, why won’t you consider and pass a federal budget?

td

July 22nd, 2011
4:14 pm

RetiredSoldier

July 22nd, 2011
2:56 pm

No RS this is all about Harry Reid trying to maintain power. There are 8 Democrat Senators in red state up for re election next year. Reid does not want them to have to take a vote on any issue that could be used against them in the next election.

RetiredSoldier

July 22nd, 2011
4:49 pm

td-

They just did on the motion to table. I think Tester, Nelson & Nelson, etc just signed their retirement ticket. Thank you Leader Reid, we have a spot reserved for you in the minority leader office.

double

July 22nd, 2011
6:23 pm

Ramussen Poll showing Obama 41%- Ron Paul 37%..

kc

July 22nd, 2011
7:09 pm

is compromise in repub vocabulary

double

July 22nd, 2011
7:30 pm

td you bitch and whine about all the people on ssi.Say only 20% legitmate.How do the excess get approved?Crooked doctors?Lawyers?or by afflilation ? I’m not disagreeing with you.Just wondering how this is accomplished,and if you had given thought.

td

July 22nd, 2011
8:02 pm

double

July 22nd, 2011
7:30 pm

Good question. “Crooked doctors?Lawyers” Yes and yes for some. There are a great deal of them that are to sorry to work and claim back problems for example, get a doctor to sign off on and state the problems make them unable to work and then hire a lawyer to plead push the issue and sue. There are also a great deal of drunks and drug addicts that have fried their brains so much that they get it.

Another example: I have a friend that works for SSA in testing of children to determine if they have a disability. These parents keep their children up all night the day of the testing and then hop them up on cokes, sugar and other stimulates before they test and then send them in so that the children can not concentrate and are determined to have a disability.

td

July 22nd, 2011
8:08 pm

kc

July 22nd, 2011
7:09 pm
is compromise in repub vocabulary

Obama knows that there are 221 Republican and Democratic members of the house that have signed a pledge not to raise taxes and he is insisting on it or no deal. If they give in then he wins reelection because the conservatives will not come out in force to vote next year.

Obama is a socialist and the worst President we have ever had but he is a brilliant politician. He knows if they do HIS “Compromise” then he wins and if they do not then he wins because he runs against congress “tea party” instead of his record.

td

July 22nd, 2011
8:31 pm

double

July 22nd, 2011
7:30 pm

To add to the above post. SSI is like any other Federal program. There is a ton of fraud involved. I have seen reports that there is at least a 25% fraud rate in Medicare, Medicaid, Food stamps, farm subsidies. Just think how much money we could save if we just eliminated the fraud?

Centrist

July 22nd, 2011
9:47 pm

Galloway came breathlessly out from his vacation to endorse the “Gang of 6″ proposal, but is holed up now that it has been blown out of the water. There was NEVER any chance the House of Representatives who were largely elected by “Taxed Enough Already” (TEA) party members were going to accept $1.2 trillion in additional taxes over the next 10 years. They might have accepted the $800 billion in limiting loopholes and deductions that Obama first agreed to, but when he moved the goal posts the negotiations collapsed.

luangtom

July 22nd, 2011
10:28 pm

Political oneupmanship is going to be the downfall of this country. Just think of all of the finger-pointing if this country defaults…..

I still get riled when the politicos speak of Social Security as an “entitlement” in the same breath as their welfare and other give-away programs. Social Security has its own tax, its own account and its own budget. If the politicos had just left it alone and not borrowed from it, it would be over-funded and very solvent. Nope, over the years they chose to raid it and take the excess funds to bolster their give-away programs that garner the Liberals votes. LBJ and his Great Society started the big onslaught of borrowing from the fund and never paying it back.

We can all thank the past and present elected officials in Washington DC for the situation we are in. Remember their good work come November of 2012….if this country makes it that far.

Centrist

July 22nd, 2011
11:46 pm

President Obama asked of the Republicans today: “‘Can they say yes to anything?”

Republicans have put forward via the House legislation that the Senate narrowly turned down today. There is also the Senate Republican McConnell plan that now looks like the closest thing to be approved next week.

It was “the jello president” Obama who agreed to $800 billion in loophole and deduction changes, only to renege and increase that to $1.2 trillion. Otherwise, they seemed close to an agreement except for accounting differences on proposed spending cuts and the two sides were not able to bridge their differences over the triggers designed to force Congress to enact both tax reform and cuts to Medicare and other benefit programs by early next year.

This has been all about politics (Republicans using the debt ceiling to force spending cuts), and Democrats demonizing Republicans when they won’t accept outlandish tax increases.

BehindEnemyLines

July 23rd, 2011
4:21 am

Sellout Saxby better enjoy his remaining time in Washington, he’d have a tough time being elected dogcatcher after stabbing so many people in the back in his rush to embrace his new found tax-happy friends in D.C. His capitulation wasn’t a huge shock, once he started consorting with the enemy you sort of had to see it coming. If he had any character at all he’d resign & allow the people who made the mistake of voting for him to correct the error, admitting that he was nothing but a fraud all along … but we’ve already seen how little character he possesses. Counting the days until this treacherous embarrassment is put out to pasture.

Buckhead Boy

July 23rd, 2011
6:24 am

The axiom in negotiation is that there is no agreement on anything until everything is agreed. Excuses aside, it is evident that the Republicans again ceased to negotiate and purposely delayed communicating that until after the market had closed. Although I suspect that was merely the last gesture for the benefit of their TEA-types, and the debt ceiling will be raised; but should it not be, the adverse consequences for all of us will be far greater than any tax increase that may be envisioned. Then, there will be no bliss in ignorance.

kc

July 23rd, 2011
7:52 am

td, then why do most polls show that dems, indep and repubs voters believe a balanced approach (cuts and revenue) is the answer….what if dems in congress sign a pledge not to cut entitlements….seems rather myopic to me…..then we have to listen to boehner say prez changed goalposts just as repubs did on medicaid cuts and both sides are playing chicken with the enforcement mechanism…..just seems to me that dems have given up more than other side which happens to be in minority in terms of executive/congressional makeup…

yet we read corporate profits up….so combined with 8 years of bush tax cuts our job creators aint getting the job done….and the greedy corporate folks want only 5% tax on repatriation, when the last time we did this they used for dividends to stockholders (many of top execs) and no jobs created…..but hey i feel like i am talking to a brick wall

Dick

July 23rd, 2011
8:59 am

td,
I want what you are smoking! Stop drinking the Kool-Aid. My husband and I are business owners, and I can assure you taxes, tax credits and the cost of employee benefits are NEVER consideration when we are thinking of hiring. If business coming in the door calls for hiring, we do it. Simple as that. For the sake of honesty: “ObamaCare” doesn’t mandate small businesses provide health care insurance. If you are blessed and find your company approaching having 50 employees, you can create another corporation, or sub-out services, just call your CPA.

pete

July 23rd, 2011
9:26 am

The deadly gang of six !

jconservative

July 23rd, 2011
9:27 am

Here is the problem:

“— U.S. corporations are expanding overseas, not so much at home. … U.S.-based multinational companies have been focused overseas for years: In the 2000s, they added 2.4 million jobs in foreign countries and cut 2.9 million jobs in the United States, according to the Commerce Department. ” Source AP 7/22/11

There are no legislative fixes for this problem. This is the way it will be for the next 30 to 40 years.

Bob Decker

July 23rd, 2011
9:38 am

I agree with jconservative!!!

I am also to the point where I am willing to let the country default, and watch the destruction, good way to start from scratch, no more food stamps, no more paying people to sit on their butts. It would be 2 years of mayhem, probably 100,000 killed maybe more. Then we start all over.

kc

July 23rd, 2011
10:46 am

jconserv, probably correct, but why do we have legislation that rewards companies for this practice? profits helps business in terms of stock value which helps pension portfolios and 401ks, but it is likley more beneficial to high wealth investors ….if our citizens are destined to job/wage stagnation the middle class will dry up more and more which will reduce domestic demand which feeds the downward cycle….guess the version of expanding the pie is a myth (rising tide) and it is more a zero sum game….as long as we keep importing vast amounts more than export, well…….

and decker you are low on your numbers & duration

Centrist

July 23rd, 2011
11:36 am

@ Buckhead Boy who said: “Excuses aside, it is evident that the Republicans again ceased to negotiate and purposely delayed communicating that until after the market had closed.”

When “the jello president” Obama moved the goalposts on the tacit agreement for $800 billion in tax increases by closing loopholes and reducing deductions to $1.2 trillion – he killed the negotiations. Boehner was smart to let the markets close before announcing it – maybe something will be in place before they open on Monday. If not, watch the bond and stock markets react negatively and maybe have rating agencies downgrade Treasury bonds. Corporations and our economy will quickly sink if this happens taking ALL of us down with them.

td

July 23rd, 2011
12:43 pm

kc

July 23rd, 2011
10:46 am

One does not get rich or create wealth by working for a company. I have not seen any laws set up to restrict a person from going out there and working for him or herself. If a person chooses to be middle class then they will work 40 hours a week and get paid for their worth. If a person wants to make more then they will take a chance and work for themselves.

td

July 23rd, 2011
12:50 pm

Buckhead Boy

July 23rd, 2011
6:24 am

Now who has put a plan on the table? Where is the President’s plan (I would like to read it to see if I would support it)? Where is the Senate Democratic plan? The only plan on the table is from the Republicans and the Dems voted it down. I think in the art of negotiation if one side puts a plan on the table and the other side votes it down then it is up to that side to put the next plan on the table.

Centrist

July 23rd, 2011
1:11 pm

There was the grand plan Obama scuttled by moving the goal posts, “The Gang of 6″ plan that died, and these shorter term plans outlined here which now seem more likely: http://www.washingtonpost.com/opinions/the-half-trillion-plan/2011/07/21/gIQA0gnhSI_story.html

Sam I Am

July 23rd, 2011
1:21 pm

“one does not get rich working for a company” tell that to any number of company officers.

DAMN DISGUSTED

July 23rd, 2011
3:59 pm

They suck money from my paycheck every week for my entire working life, and call this an entitlement! FU!

Centrist

July 23rd, 2011
4:53 pm

The debt deal has to be at least partially in place by tomorrow evening before the Asian markets open to avoid massive worldwide economic turmoil.

The cost cutting fixes including raising Social Security and Medicare ages to reflect longer lifetimes, and means testing of earned benefits will take a while to sort out. Such means testing will obviously be done at somewhere above middle class incomes to avoid voter backlash. It may be done at Obama’s historical calls for those with adjusted incomes above $250K or his “millionaire’s” tax. Anything less will get very ugly as we see from comments here. Social Security is NOT a benefit, but a forced investment; and taking away investment principal and interest via means testing is simply confiscation.

yuzeyurbrane

July 23rd, 2011
5:13 pm

td, you are obviously very bright but what are you smoking? Some of your opinions show a lack of actual experience with situations from which many of learn a few things.

Centrist, I often agree with you, and partially agree with what you say about SS. I do disagree that it would be forced confiscation on the earnings of those who earn more than $250,000. Right now, because the SS tax is limited to first $106,000 of earnings, it is extremely regressive with a much lower tax rate on those who earn more. If people want a flat tax on income, they should want one on SS if they want to be consistent. That is the FICA would be paid on full income, not just the first $106,000 that us middle class folks are gouged with. And it shouldn’t be limited to earnings. Hedge fund managers, those who primarily earn interest or dividend income, etc. should have the FICA tax applied to all. What makes that type of income entitle them to exemption from a social obligation? To me, that is the true entitlement. If the cap were removed, SS would be solvent forever and there would then not even be a need to means test, to raise the age, or to use phoney cost of living indexes.

clem

July 23rd, 2011
5:28 pm

how true, some posts authored by folks with dain bramage

Centrist

July 23rd, 2011
5:56 pm

@ yuzeyurbrane wrote: “because the SS tax is limited to first $106,000 of earnings, it is extremely regressive with a much lower tax rate on those who earn more.”

Here is an example of the misunderstanding about Social Security. While it is called a FICA “tax”, it is actually a forced contribution for a partial retirement and insurance fund. Collecting contributions and premiums above and beyond the eventual maximum benefit payouts would be a tax with no return – redistribution of income – not a regressive tax. We already have redistribution of income via income progressive income tax rates and phasouts of exemptions and deductions. The idea of taxing incomes above $106K and also means testing benefit payouts from those contributions is confiscation no matter how you look at it.

yuzeyurbrane

July 23rd, 2011
7:01 pm

Centrist, thanks for your clarification. I did not totally understand the point you were trying to make although I still disagree with you in part. As you probably know, the cap was originally considerably below $106,000 and has gradually risen to that level as part of an earlier attempt to assure SS’s continued solvency. And I agree that we should not means test the program. But my reason is that if that were to happen, support for it would erode as it eventually became a welfare program. So I have no problem with all Americans having some “skin” in the game. As to your point about it being purely an insurance program, that is debateable. I also have read some experts’ opinions that disagree with you re whether the current $106,000 cap really covers all of the benefits people with earnings above that will eventually get. Even assuming, for the sake of argument only, that $106,000 does correlate to the SS benefits received, surely you would agree that this is not a static number but should be adjusted upwards as benefits increase? Nor does it address the question I raised about non-earnings income. Of course, there are a number of relatively minor modifications which could assure SS’s solvency for another 75 years. I have varying degrees of support or opposition to all of these. But I think they should all be considered. However, SS did not add one penny to our current deficit and therefore should not even be part of this debt ceiling discussion which is taking place. It should be considered in the normal legislative process with hearings, proposed legislation, votes, etc.

Centrist

July 23rd, 2011
7:15 pm

yuzeyurbrane – as you say, the earnings limits for FICA collection have risen dramatically and will probably continue to do so. Maximum benefits have NOT risen nearly as much and only through COLA increases that are being debated to diminish. The insurance part of the program is for survivors and disability cases. Social Security Supplemental Income has broadened in scope along with WIC distributions including for children of illegal aliens. Those people who are not subject to FICA deductions are also not part of the system (investment income) to collect benefits. Are you suggesting they should be taxed without access to benefits?

Social Security FICA receipts have been outpacing benefit payments until recently. To hide the level of the deficit, such positive receipts versus benefits were mixed into the budget numbers. Now that such accounting will now actually hurt instead of help the budget deficit, it is an item in debt ceiling negotiations. THERE IS NO SOCIAL SECURITY TRUST FUND. That term and “lockbox” were political fantasies.

OLD DUCK

July 23rd, 2011
8:39 pm

In my 70 + years I have heard the only place the trickle down theory works is in an out-house. You can guess where “We the people stand” in that case.

clem

July 23rd, 2011
9:15 pm

don’t you just love repubs looking out for middle america….florida ag fires 2 folks going after foreclosure fraud…http://www.abajournal.com/news/article/bondi/

guess the banks calling shots in florida

double

July 24th, 2011
1:46 am

TD the big reason is you get to handle the money first.

double

July 24th, 2011
1:53 am

above post in reference to self employment post @td

Atlantan

July 24th, 2011
7:23 am

@OMG Reality – it went up 18% not the normal 3% the insurance people said thank Obamacare. Also, if you actually own a business does the new “grandfathering” aspect on insurance plans bother you? Obama hates small business owners and he plans on funding his socialist dreams or getting even – you decide – on their backs.

For you numnuts yelling tax the rich – how much of one’s income is enough? How much of your own income are you willing to give up?

The government is a bloated mess – there are several agencies that could be cut back or ended. And until we stop using American dollars (borrowing Chinese money) for funding building mosques in Egypt, the new Atlanta trolley and all other assorted wasteful spending and – NO NEW TAXES! Enough is Enough!

Ole Guy

July 24th, 2011
9:55 am

Soldier, TD…I couldn’t agree with you more. There are far too many fingers in the cookie jar and it’s all a derivative of the pc world around us. I’m all for helping those who NEED help (as opposed to those who WANT help). It seems that the gradual move to a socialistic economy has created more of the later, ie auto executives who traveled to Washington, in their corporate jets, to petition Congress for “help” when they could have/should have chosen a less “expansive” means of travel. This is/was not at all unlike the guy who pulls up to the food stamp office parking lot in a brand new Beemer.

The government, while next-to-ignoring the root problems, makes it far too easy for the constituency to cry “HELP”…it is earier to hold out one’s hand, palm up, than it is to exercise a little discipline. This is precisely why, when visiting the local Social Security Office, I see young couples with a squad of crumb crunchers in tow. I know there must be some true need out there, however, I often wonder just who NEEDS the help vs who WOULD LIKE the help/the easy money which our legislators seem all-too-eager to provide to the voting public.

Soldier, even our retirement $/Tri Care seem to be receiving legislative scrutiny; I often wonder what effects this may have on our future National Defense forces. While there seems to be a bottomless bucket of money for hardware the Services really don’t need (I’ll diplomatically hold off on discussing specifics), troops (I was there) had to beg borrow and steal, in the early days of the current conflict, for personel/vehicular armor, all while the money was available to “stealing” the Rangers’ Beret in the misguided notion of enhanced morale among the Army at large. And let us, the true Warriors of yesteryear, not overlook the ever-changing array of uniforms (PT, Fatigues, BDU, DCU, etc) which become more costly with the passage of time. As the PT uniform has evolved from the simple “modified” duty uniform of the 60’s to the “somewhat” costly ensemble(s) of recent, troops have become fatter and less duty-ready.

I suppose we could go on and on, guys, but the “uncomfortable” bottom line is…with fewer workers funding (by way of Social Security taxes) an ever-increasing demand of my generation (possibly, our generation), we’re going to be called upon to exercise that all-too important axiom we learned early in our careers…ADAPT and ADJUST. I know, Soldier, we can do it; it’s been a part of the temperment we have lived by for a great part of our lives. I just hope that those who have not been as privileged as we can learn this very truism.

Knees to the Breeze!

Upset at Both

July 24th, 2011
11:45 am

For Americans, the last three years have been a period as trying as any similar period in the last century. Most of us, regardless of political affiliation, view three issues with growing disquiet: an alarming national debt, annual deficits that add to that debt, and high unemployment that persists like an abscessed tooth. Frustratingly, fixes to one of these issues appear to exacerbate the others.

We need to lower the unemployment rate, thereby increasing the revenues for the country, which, in turn, can help lower the deficit and the national debt. Using tax rates from the Clinton years (the last time the economy was really humming) would increase the revenue stream.

Cutting government spending, of course, is the other side of the coin. My conservative brethren push hard for the latter, appearing, so far, to ignore the former.

Congress is currently wrestling with these questions. Speaker of the House John Boehner and Senate Minority Leader Mitch McConnell claim that allowing the Bush tax cuts for the wealthy to expire will “kill” jobs, hurt small business and hamper the recovery. They insist on keeping tax increases “off the table.” Let’s take a closer look at this premise.

My wife and I run a small lodging business in a resort town in New Mexico, employing eight people. Income from that enterprise approaches the bracket that would be directly affected by elimination of the Bush tax cuts.

We have pondered the personal ramifications of this issue, and have come to the conclusion that increasing our taxes on earnings of more than $250,000 from the current 35 percent to 39.6 percent would have virtually no effect on our spending habits or our lifestyle. More importantly, it would not affect our ability to hire another employee.

Here are some real numbers to illustrate my point.

We typically start employees at $12 per hour. There are 2,080 hours in a working year. Multiplying those two figures gives the cost of one employee for one year: $24,960. Add in FICA and Medicare and we’re up to $28,277 per year. Let’s remember this $28,000 figure.

Now, let’s say that business picks up and our taxable income increases by $100,000. Leaving the Bush tax cuts in place, we would have $65,000 to spend as we see fit. Repealing the Bush era tax cuts for the wealthy would leave us with $60,400.

If we really needed an additional employee because of added work demand, that $4,600 difference would just about fall off the priority scale in the decision to hire someone or not.

If business demanded the additional employee, we would hire them and happily go home with the remaining $32,000. The tax rate increase of 4.6 percent doesn’t and wouldn’t affect our decision to add an employee. This slight increase simply doesn’t add up as the job killer the Republican leadership says it is!

Finally, and most importantly, the Republican leadership correctly points out that a large portion of the taxpayers in the over-$250,000 bracket is actually small businesses, much like our own. This is true, but if a small business is struggling so much that it is in danger of folding, it obviously will not even be in this higher income bracket and would not be affected by repealing the Bush tax cuts for the wealthy.

With that thought in mind, it is clear that allowing the Bush tax cuts to continue for those taxpayers in the under-$250,000 bracket, and letting those cuts expire for those of us above that figure, would actually preserve some of these same struggling small businesses, and create jobs down the road as the economy improves.

The country would be better served if our legislators imposed tax increases on those of us who can afford to pay them, rather than spouting political generalities that are unsubstantiated and numerically challenged.

http://www.postindependent.com/article/20110523/VALLEYNEWS/110529960

Centrist

July 24th, 2011
11:54 am

@ Upset at Both -

Good for you that increased taxes won’t change your business plan or spending habits (other than having less to spend or invest). But you are not typical. Increasing taxes will NOT create jobs – it will lose them. Maybe via your business, but most others. As you point out – unemployment creates a loss of tax revenue, along with more government spending on those unemployment benefits. Increasing taxes in a poor economy does not increase revenue, it reduces it.

Centrist

July 24th, 2011
12:01 pm

How about the Democrats call for increased taxes be triggered to when unemployment goes below 7%?

Upset at Both

July 24th, 2011
12:32 pm

Centrist,

It is a 4000 dollar difference. If the economy is moving like the Clinton Years the revenue brought in to businesses, will mean more people paying taxes and more money for me and others to spend.

Centrist

July 24th, 2011
1:34 pm

We don’t have “an economy moving like in the Clinton Years”. We have nearly double digit unemployment nearly twice of the Clinton years, huge deficits, and greater interest payments on our increased debt. Nostalgia is great, but doesn’t help. Clinton inherited the “peace dividend” from the collapse of the Soviet Union, and huge reductions of defense spending. That all evaporated with Iraq and Afghanistan – however the projections helping the deficit in the future has defense spending dropping back again. But we need tax receipts by re-employing, and halting deficits and increased debt. Raising taxes now will not do either.

DannyX

July 24th, 2011
1:47 pm

Left or right doesn’t matter, seems our so-called centrist has taken another partisan side.

Centrist, when are you going to represent a centrist position? You are all over the place.

Javonda

July 24th, 2011
1:51 pm

Agree w/Centrist, raisng taxes should be off the table. We Americans have been sandbagged too many times by politicians who promised to curtail spending if we just agreed to pay some more taxes.

Fair or not, most of us believe if the government gets its hands on more tax revenues deficit reduction will be quickly forgotten and they’ll only think up new spending schemes – a new entitlement program, another war.

Centrist

July 24th, 2011
2:22 pm

@ DannyX wrote: “Centrist, when are you going to represent a centrist position? You are all over the place.”

Being a centrist does not mean being on the middle of every issue. It usually means being all over the place between left and right issues. I guess you could say I am economically moderate to conservative and socially liberal. Unlike TEA party members and many Republicans, I don’t have a problem with Democrats calling for increased taxes on the (truly) wealthy – but just not until unemployment drops since it would be counterproductive NOW.

I’m not alone. Heard today that in states that require party registration, 65% are now at an all-time high registered as Independents.

DannyX

July 24th, 2011
3:38 pm

You must belong to the Centrist Party. They have stolen the definition of a centrist, and created their own version.

A true centrist, “Voters who describe themselves as centrist often mean that they are moderate in their political views, advocating neither extreme left-wing politics nor right-wing politics,” does describe most independent Americans, but not you.

You advocate extreme views and rarely land in the center.

Centrist

July 24th, 2011
4:01 pm

Other than being an atheist and pro choice where Republicans would call me extreme, what “extreme” views do I express? I don’t condone illegal immigration (not extreme to the vast majority of Americans – just liberal Democrats), don’t agree on tax increases during a weak economy and high unemployment (basic economics), and do not agree on confiscatory means testing policies in regard to the forced contribution system of Social Security. I do advocate a fix to our overly complicated tax system to expand the base of taxpayers to more than 50% of workers which even moderates in the Democratic party agree.

double

July 24th, 2011
4:08 pm

From what i’m reading.Most of you are well off financially.When cuts come it will come from the ones who can least afford.I’m not talking about the freeloaders.Think of this way.Will the 35/39.6% tax rate hurt you more?Will the cut in ss/medicare benefits hurt you most, or someone you know that depends on these benefits?The highest tax rates were under the eisenhower admn.and we had a light recession during his time.So the economy was not so good.Yes we need to cut spending,but not at cost to the poor.We need to stops the incentive for lawyers to defend frivolous claims,and elected officals going to bat for these claimants for their vote or affiliation.

Centrist

July 24th, 2011
4:13 pm

I never heard of the Centrist Party. Went to their website and certainly agree with this:

Economy

Secure – Stable – Sustainable: Well reasoned economics, free markets through market transparency, with market regulation structured to achieve the common good. Enable equality of opportunity and fair competition, based on performance and productivity. Checks and balances to ensure that competition and innovation are not squeezed out of the American Dream. Protect and allow for potential to be achieved by the virtue of individual will, rather than subsidy without performance agreements, or due consideration to cost/benefit relationships. Balance between boutique economic systems and national/international systems. Efficient government and debt reduction are primary missions.

Centrist

July 24th, 2011
4:26 pm

@ Double wrote: “When cuts come it will come from the ones who can least afford. I’m not talking about the freeloaders. Yes we need to cut spending, but not at cost to the poor.”

The poor in our country have a very firm safety net of myriad government programs and pay no taxes like the bottom 50% of working families. Actually, the poor get a “negative income tax” check. I have not heard of any proposed cuts there.

Proposed Social Security and Medicare cuts seem to be means tested, so those who can least afford them are unaffected – other than younger participants who will have to wait longer to start receiving benefits because lifetime/mortality has greatly increased with advances in health and healthcare.

ST

July 24th, 2011
4:52 pm

Be liberal in Giving,
Conservative in living
Is the Christian Way I am taught.

ST

double

July 24th, 2011
5:06 pm

Was Cola raises means tested for last couple years.I think this applied to all ss recipients.If you believe means tested then I understand the athesist part.

td

July 24th, 2011
11:07 pm

double

July 24th, 2011
5:06 pm

COLA’s came to the SS system way after and was never intended in the original law. SS was never intended to be a persons sole source of income for retirement. I do not feel there should be COLA’s in SS or public sector retirement plans. All these do is to draw down accounts faster and make it harder to fund the programs for future generations.

Centrist

July 24th, 2011
11:39 pm

td – thanks for answering him, I couldn’t understand the gibberish. I think he may have had a few early snorts this afternoon.

double

July 25th, 2011
1:28 am

Centrist understanding my gibberish is not the only thing you are lacking in.

double

July 25th, 2011
1:50 am

TD every thing you say is old news.As for how you feel about cola don’t amount to much.

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