The Rabid Conservative

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Posts Tagged ‘taxes

Even With a Credit Downgrade, Dems Don’t Get It

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Can we really be surprised that the US was going to be downgraded?

I love America and the exceptionalism that makes us a leader in the world.  But as of last night, other nations will have to take the lead in the financial world because the thing that was prophesized, a downgrade in our credit rating, happened.

We can’t say we were not warned of this.  During the debt deal debacle, Moody’s and S&P warned the US that in order to preserve the AAA credit rating, at least $4 trillion would have to be shaved from the budget.  That means we would have to spend less, because there’s no way we were about to raise that kind of revenue in taxes (at least through direct taxation).  The best deal that Congress could schlep together

So, last night we got downgraded and we have to recognize that the Canadian Dollar and the British Pound are safer bets for investment than the US Dollar.  We may not want to accept that, but it’s true.  And why?  Because Congress keeps pushing up the debt ceiling and devaluing the US Dollar. 

It’s because Congress’ inability to stop the spending and act responsibly with the American taxpayers’ money that reduces the force of the US Dollar in the world economy.  It’s sad that the world has to pick up the spoon and tell Congress to eat our peas.  Right, Barry?

Unfortunately, we are staring it right in the face.  And until the Congress, and specifically, the militant progressive Lib-crats who only want to cut spending from the Department of Defense to preserve their voter base, changes its ways and does what all of us on Main Street, Elm Street, Sycamore Drive, and Blueberry Way have to do to keep our financial houses in order, it will never change.

And this just in. Democrats want more revenue, aka use class warfare to tax the rich* and punish them for having a corporate jet or an oil business.  Ooo…big surprise, Jeebs.  I’m all for stopping the cash giveaways but while we are browbeating the rich, perhaps we out to knock off ALL the cash giveaways – which means, cut the spending to bloated wasteful entitlement programs.

It’s stunning how very dimwitted the Dems are on this topic.  But hey, their rhetoric is great for politics.

 

* By the way, you can’t tax the rich because those billionaire corporate jet-owning oil tycoons will just pass the expenses onto their customers.  Sooner or later, the middle-class gets the pinch because the poor just can’t pay.

Written by Rick

August 6, 2011 at 12:54 pm

Airline Fraud

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With the government halting operations of the FAA because of shutdown due to funding, supposedly it means cheaper tickets for travellers.  However, it’s been reported that the airlines are keeping the money by raising fares so the tickets cost the same.

This means that the airlines are continuing to charge about $25-30 million per day for taxes that the government isn’t collecting.  This means that the airlines are pocketing that money and are deceiving customers by saying they aren’t collecting taxes during the FAA shutdown.

Caveat emptor people.  Tight economies make for more thieves and crooks.

Written by Rick

July 26, 2011 at 1:12 pm

Posted in Culture

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The Voice of the Adversary: SEIU and the Debt Ceiling

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Sometimes, not very often, though, I will read the e-mails that I get from the Lib-Crat opposition to hear the kinds of spin that they put on.  Today, I got an e-mail today from the SEIU with the following silliness:

The New York Times reported on a debt ceiling deal that would make deep cuts to Medicaid, Medicare and Social Security benefits without asking for an ounce of sacrifice from corporations and millionaires.

The bill would add millions to the unemployment rolls and deny medical care to the most vulnerable among us – including many of the people SEIU members care for on a daily basis.

Source: SEIU e-mail from Mary Kay Henry

Once again, lib-crats go after the wealthy as their solution, thinking that the more you make, the more you should have to be taxed.  Thing is, the rich pay more taxes than anyone else.  The top 1% of wage earners pay nearly 40% of all the taxes in this country.  The top 25% pay about 86%.  The top 50% pay 97%.

Sadly, though, the greatest majority of those on Medicare, Medicaid, and Social Security are in the bottom 50%. So, basically this is wealth transfer, plain and simple.

So, basically Mary Kay Henry is telling all the SEIU drones to flood the Congress with phone calls to “save the entitlement programs” keeping the rich to pay for them with no return on their money.  Just like SEIU to play the class warfare card.  But then, they are a labor union; it’s what they do.

Even if we took all the money from the rich, we couldn’t save these programs, that’s why they need to be restructured to be financially solvent. But Mary Kay doesn’t get it. In general, the Dems aren’t getting it.

Read the IRS Tax Data – it’s not that tough a read either.

Written by Rick

July 22, 2011 at 1:00 pm

80% of Who, Again?

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So, His Eminence, Barack Obama today stood before the White House press junkies and made this statement with respect to the current struggle in Congress over whether we should go further in debt to cover our spending, or cut the spending.

Obama made the statement that 80% of Americans were on his side with respect to the debate of what to include in the debt package. That means that 80% are alright with the aspect with raising taxes.

What 80% of Americans are we talking about here; the ones that live in the US or the ones who vote left wing? Obama hasn’t asked me – or anyone I know about whether they think we should have our federal taxes raised.  As a matter of fact, I’m willing to bet that 8 out of 10 people that I asked, "Hey, do you want to have your taxes raised?", they would reply with a hearty "no".

Americans do agree that something has to be done, but it’s pretty arrogant and presumptuous to say that 80% of Americans are behind him when 80% of Americans have never been behind Obama on anything.  I would argue that would also include putting a bullet in Osama Bin Laden’s brain pan.

After Obama’s whiny little spat with Eric Cantor yesterday and him stating that he was going back to the American people, rather than actually asking the American people.  Obama knows full well what Americans would actually say if he actually asked them.

Raising taxes on the rich, even if we took 100% of their earned revenue in taxes would not solve the problem at all; it’s like taking $1 to pay against a $10,000 debt.  But Obama and the Dems are playing the class warfare card, scaring the crap out of those who live on Social Security, and not bothering to look at the federal budget, line by line like he promised during the 2008 campaign, and cutting out the pork.  All the man wants to do is raise taxes, and continue to spend – tax and spend, tax and spend.

Obama absolutely refuses to back away from this point and it’s staggering that a man who purports to have an IQ around 140 can’t actually understand this point.  Obama lacks the cajones to actually go on record as cutting anything because that’s potential lost votes when 2012 starts rolling around.

And yet, Obama has the audacity to say that Congress is playing politics. If Obama was committed to this process, he would have fulfilled his campaign promises of cutting out unnecessary spending and not raising taxes.  He wants to renege on both.

The way out of this situation is what we down on Main Street live with every day: Cut the spending and live within our means.

Written by Rick

July 15, 2011 at 10:05 am

Posted in Political

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Competing Liberal Views

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Liberals sometimes never cease to amaze me.  Not in the amazing as in the positive impressiveness, but the amazing as in, just when I think liberals can’t get any more dumb, something like this occurs and…well, I’m amazed.

To wit, the Washington state legislature is considering a bill, introduced by the Democrats, to impose a tax on electric-powered vehicles.  Essentially, by citing things like road wear-and-tear, the Democrats are thinking they need to impose an annual tax on cars that don’t use gasoline.  Of course, gas-powered cars pay for their fair share of the wear-and-tear at the pump, each time they fill up.  But electric-cars, well, not so much, since they get plugged in every night.

On the surface, you would think this is actually an equitable solution because it’s “only fair” and the lib-crats are all about imposing their definition of “fairness” on the population by virtue of big government.  But this one works against the liberal environmentalist mantra of trying to reduce the dependence on petroleum.

Now, while I don’t advocate this, since I don’t want to be accused of giving the lib-crats any ideas, there is a way to achieve the same objective and “have their cake and eat it too”.  What if they imposed that additional tax on all of us evil petroleum users and give their electric cars the advantage of tax-free operation?  After all, the iron rules of economy:

If you want more of something, you subsidize it.

If you want less of something, you tax it.

So, effectively, by the Washington state assembly advocating the taxation of electric vehicles, they are saying to the world that they are willing to have more taxes at the expense of losing their effort to eliminate the need for gas-powered cars. 

One lib-crat ideal in competition with another lib-crat ideal.  Amazing, right?

Yeah, me neither.

Written by Rick

April 23, 2011 at 12:10 pm

In Short: More Evidence of What Grows Economies

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Liberals continue to ignore the evidence all around them.  Today, the Washington Examiner printed this rather insightful article that shows what grows economies.  In short, not taxing the so-called rich into oblivion, giving people the right to spend their own increase as they wish, and encouraging businesses to grow through liberty and freedom is the reason why Texas is kicking the pants off of everywhere else in the nation.

If we want America to grow we need to keep taxes low, get the government the heck out of people’s lives (net-neutrality nonsense), and hold to the Constitutional values that make our land the envy of the entire world.

Written by Rick

December 22, 2010 at 11:46 pm

Posted in Political

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The Conservative Underground – Reagan’s Wisdom on Taxes

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Hopefully all of you had the opportunity and attended a TEA party yesterday.  Today, I am reminded a number of things that President Reagan said on the subject of taxation and government spending.  Rather than adding my own commentary, I would rather just sit and listen to words that have been said before and need to be repeated – over and over and over, until we understand them enough to excite us to action. 


I think there are some people here who met a tax they didn’t hike.

Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it.  If it keeps moving, regulate it.  And if it stops moving, subsidize it.

The taxpayer; that’s someone who works for the federal government, but doesn´t have to take a civil service examination.

I just wanted to speak to you about something from the Internal Revenue Code. It is the last sentence of section 509A of the code and it reads: ‘For purposes of paragraph 3, an organization described in paragraph 2 shall be deemed to include an organization described in section 501C-4, 5, or 6, which would be described in paragraph 2 if it were an organization described in section 501C-3.’ And that’s just one sentence out of those fifty-seven feet of books.

Our federal tax system is, in short, utterly impossible, utterly unjust and completely counterproductive, [it] reeks with injustice and is fundamentally un-American… it has earned a rebellion and it’s time we rebelled.

The federal government has taken too much tax money from the people, too much authority from the states, and too much liberty with the Constitution.

We need true tax reform that will at least make a start toward restoring for our children the American Dream that wealth is denied to no one, that each individual has the right to fly as high as his strength and ability will take him. . . . But we cannot have such reform while our tax policy is engineered by people who view the tax as a means of achieving changes in our social structure.

Have we the courage and the will to face up to the immorality and discrimination of the progressive tax, and demand a return to traditional proportionate taxation? … Today in our country the tax collector’s share is 37 cents of every dollar earned. Freedom has never been so fragile, so close to slipping from our grasp.

Government does not tax to get the money it needs; government always finds a need for the money it gets.

Are you entitled to the fruits of your labor or does government have some presumptive right to spend and spend and spend?

Written by Rick

April 16, 2009 at 2:04 pm

Posted in Political, Underground

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TRC – April Fool: No Tax Cut For You

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In a previous entry, I cited a broken campaign promise of how Obama said that no family making more than $250k and no individual making more than $200k would see any tax increase.

Normally, when a politician says no to tax increases, it implicitly refers to income tax.  But Obama said, “any of your taxes”.  However, he jacked up the tax on tobacco nearly 62¢ per pack of cigarettes.  Given that far more people on the low end of the salary scale tend to smoke, that means a tax increase on those making less than $200k.

Here’s a news article, if you want to go deeper on the topic.

Now, it’s generally a foregone that politicians will tell you whatever you want to hear to urge you towards pulling the lever for them.  We’re not supposed to trust what they say, pretty much Ronald Reagan made this statement:

Politics is supposed to be the second oldest profession. I have come to realize that it bears a very close resemblance to the first.  – Ronald Reagan

Now, for my next prediction, and one that is not unique, since it’s been stated before as pie-in-the-sky cite this campaign promise:

Obama: If elected president, 95% of Americans will see a tax cut.

Reporter: When will Americans see that tax cut, Mr. President?

Obama: By April 1. (see article)

April fool.

First off, there’s no way Americans will see a tax cut in the absolute of terms, which is what Americans are thinking.  Next year, the Bush tax cuts will disappear.  For those of us who enjoy that wonderful tax reduction for having kids, that goes away.  For me, I have three wonderful kids, and the government reduces my tax by $3k because of that tax credit.  With the abolition of the Bush tax cuts, those reductions get rolled back and I’m stuck paying a minimum of $3k more per year on taxes.  And then Obama says, we’ll give you a $500 tax cut.  Yippie.  That’s a net increase of $2500 in taxes.

When he made the statements to Joe the Plumber about how his plan was to help the middle class, he was clueless about how much tax the middle class actually pays.  But yet, it’s all good rhetoric when appealing to the masses.  But it’s all an illusion.

After it’s all said and done, Obama’s tax agenda makes April Fools out of all of us, and particularly those who make larger amounts of money – those that create businesses and employ those of us not lucky enough to make $250k per year.

And we didn’t think ObamAd, Inc. had a plan for that $1.75T budget shortfall.

April fool.

Written by Rick

April 1, 2009 at 1:57 pm

Posted in Political

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In Short – More Tax Errors in Obama’s Cabinet

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Well, it happened again. This time, Kansas governor Kathleen Sebelius, ObamAd, Inc’s latest pick for HHS Secretary has been found with about $7,000 in tax errors, as she prepares herself for the job that Tom “Puff” Daschle couldn’t take.

It would seem standard practice that a politician might work to have his/her house in order before taking the jobs, however, there are two things that come to mind:

1) What makes these people like Geithner, Sebelius, and company so darned important that we have to forgive and forget?  As you recall, they tried that mess with Daschle and Richardson, but both of those guys must have disagreed – since they bowed themselves out.

2) Why do these people take the steps now to check to make sure they are paid up on their taxes?  Oh, it’s because every appointee so far has had some sort of crooked dealing and with the Cabinet under the microscope, looking for tax cheats, now they come clean.  But Sebelius is a state governor: Shouldn’t she have been doing this all along or did it only become important when she knew she had to make sure she was clean.

Just another day at the offices of ObamAd, Inc.*

 

 

*ObamAd, Inc. – Obama Administration, Incorporated – since they are in the business of taking over companies like AIG and GM and firing CEO’s at will…

Written by Rick

April 1, 2009 at 11:06 am

Posted in Political

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In Short – Ouch, that’ll sting a bit – again

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Well, the latest speedbump in the Obama master plan has cost two of his appointees their aspired jobs.  Previously mentioned, Tom Daschle has decided to step aside, noting that the circus surrounding his $100,000+ tax bill was probably not the attitude of change that the Obama Administration had hoped to bring.  Additionally, Nancy Killefer, who was to step up as the chief performance officer, and have a deputy role in the OMB.

For the last couple weeks since Obama has taken office, he’s not doing too good as far as making sweeping changes for the better.  Instead, he’s chalked up a loss about once every couple days:

  1. Telling Reps to stop listening to Limbaugh and get with the program, which has created an ongoing onslaught from the EIB network – an onslaught that only Harry Reid can truly appreciate.
  2. No GOP Reps going along with the Obama $850B Porkulus bill, taking 11 Democrats with them.
  3. Daschle and Killefer out as potential appointments for cabinet/high-level White House postings.
  4. Ticking off the US mainstream media by doing his first sit-down interview with Arab TV, rather than a US journalist.
  5. Drawing the ire from European world leaders, such as France and Britain after nearly sparking a EU trade war with his “Buy American” provisions of the porkulus plan.

Mr. Obama was the one who set the bar nice and high with the golden messages of hope and change.  Yet, I guess the biggest hope now is to see if he gets anything done without running into tax liens at the IRS and irritating those that put him into office.

Ouch….

Written by Rick

February 3, 2009 at 5:37 pm

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