Politicians who refuse to increase the Debt Ceiling of the United States of America in attempt to gain perceived leverage in a political discussion citing differences on views for the size shape and funding of our government are playing with fire.
Most who speak on refusing to raise the debt ceiling without spending cuts have little understanding about our existing debt and the congressional irresponsibility to properly associate that debt with a realistic actuarial projection of our debt ceiling requirements.
The debt ceiling is the sum total of the debt our government has accumulated over the course of our 200 plus year history. Every year our congress passed legislation which includes budget bills and other unfunded expenditures, our government issued and sold bonds/bills to fund the government expenditures.
So as our government debt securities come due, some securities are offered for a period of less than a year (treasury bills) and others are securities extended for periods up to thirty years. For example, a bond sold in 1983 with a 30 year maturity, come due comes due in 2013. Since the government is not running a surplus that means our government must be able to roll over this old debt security that's coming due. This can only be done by selling new debt.
If a politician really wants to start to pay down our countries debt, they must establish a budget with more revenue than spending. Any combination of raising revenue and managing spending which creates an annual surplus, ending deficit spending, is the path forward.
The debt ceiling is not a budget. And we
depend on being able to find buyers for these new bonds so we can pay
off the old bonds. Were we not able to do so, then the Fed would have to
monetize the debt and the ensuing inflation would reduce America to a third world country with inflation like Zimbabwe.
If these knuckleheads really wanted to control our countries debt they would not have established temporary tax cuts which created budget deficits which added hundreds of millions of dollars to our debt year after year after year.
The time has come for citizens of the United States of America to increase their financial prowess.
Never allow a politician to demand spending cuts from basic important government programs that help citizens aspire to the American Dream due to the fact that these same politicians denied government adequate revenue from the entire preceding decade.
And our constitutions 14th Amendment forbids default.
Is it treasonous not to support our constitution after taking an oath to do so?
Showing posts with label Budget. Show all posts
Showing posts with label Budget. Show all posts
Friday, January 4, 2013
Saturday, December 22, 2012
#FiscalCliff or #FiscalCurb
It really is not that important a distinction.
Fact is we have had an elected government in Washington DC that has not balanced a budget since President William Jefferson Clinton was our President from 1998 through 2001. And even then the interest in the debt absorbed the budget surplus.
The last Republican President to preside over a balanced federal budget was Dwight D. Eisenhower back in 1956 and 1957.
As this chart demonstrates both political parties have presided over debt creating Presidential Administrations & debt creating congressional bodies.
And the largest explosion of this debt has occurred when the #GOP took control, talked about their "Contract with America".
The Republican Party provided us with Temporary Tax Cuts, followed by additional tax cuts, followed by off-budget wars, followed by prescription drug coverage paid for with more debt.
I know good citizens who believe in small and effective government, believe in protecting individual liberties, are patriots, agree with equal rights for all citizens, both Democrats and Republicans.
I know few Republicans who own up to the fact that their beloved party, the grande ole party, has brought the country to a place where there will be hell to pay. And today they are making every attempt to bring about changes this country dismissed as Un-American centuries ago.
Fact is we have had an elected government in Washington DC that has not balanced a budget since President William Jefferson Clinton was our President from 1998 through 2001. And even then the interest in the debt absorbed the budget surplus.
The last Republican President to preside over a balanced federal budget was Dwight D. Eisenhower back in 1956 and 1957.
And the largest explosion of this debt has occurred when the #GOP took control, talked about their "Contract with America".
I know good citizens who believe in small and effective government, believe in protecting individual liberties, are patriots, agree with equal rights for all citizens, both Democrats and Republicans.
I know few Republicans who own up to the fact that their beloved party, the grande ole party, has brought the country to a place where there will be hell to pay. And today they are making every attempt to bring about changes this country dismissed as Un-American centuries ago.
Sunday, November 25, 2012
Widen Your View of America
Citizens must widen their view of America.
And separate their political party and politics from the liberty of the freely made decisions in their daily lives.
How important is it to have electricity in your home? How does it get there? Who makes this delivery system possible?
How much do you enjoy having a safe fresh meal on your table three times a day? How is this made possible?
Do you travel? Eat out of your home on a regular basis? Ever wonder about the people it takes to make your night out or your relaxation time enjoyable?
I do!
When I contemplate how awesome it is that I was born and raised in the nation where people have the greatest liberty ever witnessed in the history of the world, I'm grateful.
Further, I contemplate the awesome responsibility that comes with this opportunity.
A nation that offers anyone willing to educate, learn, grow, take risks, work hard and persist to achieve anything their hearts desire.
From this I think back to my original questions.
Do other citizens think about the West Virginia miners who dig the coal from deep within our magmatic mountainsides to fuel our electrical generation plants?
How about the migrant workers who harvest crops each citizen depends upon for the nutritious meals on the table three times a day. Does that migrant worker deserve health care and a living wage?
How about the maid service in the room you enjoy while on a business trip, or on vacation? Or the table cleaner or dishwasher of your favorite restaurant?
I understand that the great economic engine which drove our collective achievements were on the backs of the hard labor of and with the full participation of all the people in America from all walks of life and from every socioeconomic background. These people drove the economic engine of our industrial age under the collective bargaining agreements of their unions and the under the regulatory eye of the peoples representatives.
People prospered as individuals. And as their discretionary income grew they spent money on consumption of goods and services beyond those absolutely necessary for the safety and security of their family living.
These expenditures were made possible by citizens comfort that the greatest social programs on earth were put into place raising generations of people out of poverty were promises to be available for them as their retirement planning projected they would be when that time came.
These programs along with defined benefit programs (union pensions) put people in position to retire with a standard of living above the poverty line. And these same people were kept out of poverty due to an adverse health condition by a social program called medicare/medicaid; a nationally sponsored health insurance program.
These programs have not failed our country, they have made our country stronger. The social security program is solvent through at least 2037.
Medicare is projected to be secure through 2024. The Social Security Disability Trust Fund needs some immediate regulatory action as it is projected to be solvent only through 2016.
Due to the unacceptable temporary tax breaks and poor budgeting by politicians who have been trying for decades to undo these systems, these system are NOT to be touched at this point in time.
During the last 50 years politicians carved out civil and regulatory rules and laws that favor one party over another. Some business entities own tax subsidies (tax spending) that allows them a special beak no other industry receives. The tax base is not as broad as it ought to be in the corporate world partly due to accounting gimmicks known as generally acceptable accounting principles and partly due to the tax code.
The average citizen does not have the time, education and interest to think about West Virginia Miners, Migrant Farm Workers, Table Cleaners or Dishwashers when they make buying decisions for their families safety and security needs.
The time's come to widen the average citizens view of America, to move them beyond political partisan bickering in order to have substantive factual discussions about what brought us to where we are today, and to discuss what is the best path to move the whole country forward.
My internal bias is politicians sitting in Washington DC, maybe elected due to gerrymandering, or political redistricting; or by flat out lying to their constituents when it is these very individuals whom have underfunded our Federal Government for decades.
Why is it that congress allows corporations to take risk, claim bankruptcy, and wash away all debt obtained obtained taking risk and do NOT allow individual citizens to claim bankruptcy and was away all of their debt obtained taking risk?
Why is it some of these vary politicians have the audacity to call fellow citizens "Takers"? Make statements like 47% of us are irresponsible and won't take responsibility for our lives?
Calling the elderly, the migrant farm worker, the table clearer and dish washer "Takers" because they work in a careers that do not offer healthcare or a living wage.
And since the wage paid for these services does not allow these workers to afford the basic standard of living such as food, clothing, a roof over their head and food on their table they enroll in a program for living assistance, food assistance, health care assistance, etc...... they are "Irresponsible Takers"?
If these folks did not perform the jobs that they do, who would clear tables, wash dishes, pick crops so the rest of us can enjoy the three square meals on our table or the business trips or vacations we take each year.
Tell me, how cutting our most successful programs makes America stronger, it doesn't, it divides us and makes us weaker.
Open your eyes, we succeed or fail together, not divided!
And separate their political party and politics from the liberty of the freely made decisions in their daily lives.
How important is it to have electricity in your home? How does it get there? Who makes this delivery system possible?
How much do you enjoy having a safe fresh meal on your table three times a day? How is this made possible?
Do you travel? Eat out of your home on a regular basis? Ever wonder about the people it takes to make your night out or your relaxation time enjoyable?
I do!
When I contemplate how awesome it is that I was born and raised in the nation where people have the greatest liberty ever witnessed in the history of the world, I'm grateful.
Further, I contemplate the awesome responsibility that comes with this opportunity.
A nation that offers anyone willing to educate, learn, grow, take risks, work hard and persist to achieve anything their hearts desire.
From this I think back to my original questions.
Do other citizens think about the West Virginia miners who dig the coal from deep within our magmatic mountainsides to fuel our electrical generation plants?
How about the migrant workers who harvest crops each citizen depends upon for the nutritious meals on the table three times a day. Does that migrant worker deserve health care and a living wage?
How about the maid service in the room you enjoy while on a business trip, or on vacation? Or the table cleaner or dishwasher of your favorite restaurant?
I understand that the great economic engine which drove our collective achievements were on the backs of the hard labor of and with the full participation of all the people in America from all walks of life and from every socioeconomic background. These people drove the economic engine of our industrial age under the collective bargaining agreements of their unions and the under the regulatory eye of the peoples representatives.
People prospered as individuals. And as their discretionary income grew they spent money on consumption of goods and services beyond those absolutely necessary for the safety and security of their family living.
These expenditures were made possible by citizens comfort that the greatest social programs on earth were put into place raising generations of people out of poverty were promises to be available for them as their retirement planning projected they would be when that time came.
These programs along with defined benefit programs (union pensions) put people in position to retire with a standard of living above the poverty line. And these same people were kept out of poverty due to an adverse health condition by a social program called medicare/medicaid; a nationally sponsored health insurance program.
These programs have not failed our country, they have made our country stronger. The social security program is solvent through at least 2037.
Medicare is projected to be secure through 2024. The Social Security Disability Trust Fund needs some immediate regulatory action as it is projected to be solvent only through 2016.
Due to the unacceptable temporary tax breaks and poor budgeting by politicians who have been trying for decades to undo these systems, these system are NOT to be touched at this point in time.
During the last 50 years politicians carved out civil and regulatory rules and laws that favor one party over another. Some business entities own tax subsidies (tax spending) that allows them a special beak no other industry receives. The tax base is not as broad as it ought to be in the corporate world partly due to accounting gimmicks known as generally acceptable accounting principles and partly due to the tax code.
The average citizen does not have the time, education and interest to think about West Virginia Miners, Migrant Farm Workers, Table Cleaners or Dishwashers when they make buying decisions for their families safety and security needs.
The time's come to widen the average citizens view of America, to move them beyond political partisan bickering in order to have substantive factual discussions about what brought us to where we are today, and to discuss what is the best path to move the whole country forward.
My internal bias is politicians sitting in Washington DC, maybe elected due to gerrymandering, or political redistricting; or by flat out lying to their constituents when it is these very individuals whom have underfunded our Federal Government for decades.
Why is it that congress allows corporations to take risk, claim bankruptcy, and wash away all debt obtained obtained taking risk and do NOT allow individual citizens to claim bankruptcy and was away all of their debt obtained taking risk?
Why is it some of these vary politicians have the audacity to call fellow citizens "Takers"? Make statements like 47% of us are irresponsible and won't take responsibility for our lives?
Calling the elderly, the migrant farm worker, the table clearer and dish washer "Takers" because they work in a careers that do not offer healthcare or a living wage.
And since the wage paid for these services does not allow these workers to afford the basic standard of living such as food, clothing, a roof over their head and food on their table they enroll in a program for living assistance, food assistance, health care assistance, etc...... they are "Irresponsible Takers"?
If these folks did not perform the jobs that they do, who would clear tables, wash dishes, pick crops so the rest of us can enjoy the three square meals on our table or the business trips or vacations we take each year.
Tell me, how cutting our most successful programs makes America stronger, it doesn't, it divides us and makes us weaker.
Open your eyes, we succeed or fail together, not divided!
Monday, August 13, 2012
Republican vs. American Values - The Record
Let's review what Republican Party Policies gave to us from 2000 - 2008:
In short the activities which caused our problem today were imprudent tax cuts made by those who always talk about our job creators (Republicans, where are the jobs?). And when our government officials ought to have been planning to secure the benefits citizens paid for their entire working life rather they were offering corporate socialism to the job creators (no jobs) and fighting unpaid for wars. The campaign slogan of the Romney/Ryan ticket is "Bring America Back".
For 10 years Republican Policies were catering to the wealthiest of our nation taking the middle class in America to its knees; sending millions of ordinary citizens into bankruptcy, family's onto food stamps and into the welfare and medicaid social safety net systems. When President Barack Obama took over in 2009, the worst had not yet peaked. His policy shifts were good, have had the effect of ending the carnage.
3 years is insufficient time to dig America out of the "largest Republican hole" every created in the modern era, Especially when the Republican controlled House of Representatives never negotiated in good faith. When the Republican Senate minority used the cloture or filibuster rules in every way possible to be sure AMERICA and therefore Barack Obama "never received a win". The Republican party's number one priority was to see that Barack Obama was a one term President.
The policies presented today by the Republican Party are a heavier dose of what were were provided during the years 200-2008. The Republicans want you to believe the correct course for America is to offering more tax cuts and deregulation (and to have average people sacrifice the benefits citizens have already paid for their entire life knowing the security they will need in their retirement years.
MEDICARE/MEDICAID:
Taxes Paid Years in Advance for Services Rendered at Retirement.
Tell the entire Republican party that their words which twist the truth are unacceptable. Tell then that you know when the GOP uses euphemisms to distort the truth. Tell them that the standard marketing done with Frank Lutz which tells the GOP which words to use to mislead average American citizens won't work this time around. The tax cuts for job creators did not create jobs, the deregulation lead to shenanigans and skulduggery all which hurt millions of people and created enormous debt.
Tell the Republican party they will never get away with their budget proposals on Medicare, Social Security and their attempts to erase the American standards set for America's social safety net are a recipe for failure.
Tell your elected official the Republican Parties solution for our countries economic problems are unacceptable to you as a citizen of the United States of America.
- Cut taxes for most citizens ended up starving government of adequate funding.
- Deregulated investment banking to bring unfettered free market principles back to business, created greedy investment banks that defrauded depositors by borrowing large sums of money from the Federal Reserve at extremely low interest rates, gambled on exotic financial instruments earning large fees and high interest rates for management while Federal Government Regulations protect depositors (FDIC Insurance) holding our government hostage to bail out these shysters.
- Created unbalanced Government Budgets which did not account for all actual government outlays (GOP never budgeted for off balance sheet expenditures like Middle East Wars) widening deficits.
- Allow corporations to damage the environment and our financial system then prevent subpoena power to congressional oversight committees entrusted by our constitution to protect the people from such acts.
- Now, today call for further tax cuts and tax cut extensions due to the depressed economy brought upon the nation by the very same policies they call to action today.
- Create larger and larger government deficits with full knowledge that our citizens are aging will be cashing in on the insurance programs they paid for during their entire working life. GOP failed to properly budget for and fund these promises for an entire decade and today want the average citizen to believe we can't afford what the republican's purposefully created with deficit spending.
In short the activities which caused our problem today were imprudent tax cuts made by those who always talk about our job creators (Republicans, where are the jobs?). And when our government officials ought to have been planning to secure the benefits citizens paid for their entire working life rather they were offering corporate socialism to the job creators (no jobs) and fighting unpaid for wars. The campaign slogan of the Romney/Ryan ticket is "Bring America Back".
For 10 years Republican Policies were catering to the wealthiest of our nation taking the middle class in America to its knees; sending millions of ordinary citizens into bankruptcy, family's onto food stamps and into the welfare and medicaid social safety net systems. When President Barack Obama took over in 2009, the worst had not yet peaked. His policy shifts were good, have had the effect of ending the carnage.
3 years is insufficient time to dig America out of the "largest Republican hole" every created in the modern era, Especially when the Republican controlled House of Representatives never negotiated in good faith. When the Republican Senate minority used the cloture or filibuster rules in every way possible to be sure AMERICA and therefore Barack Obama "never received a win". The Republican party's number one priority was to see that Barack Obama was a one term President.
The policies presented today by the Republican Party are a heavier dose of what were were provided during the years 200-2008. The Republicans want you to believe the correct course for America is to offering more tax cuts and deregulation (and to have average people sacrifice the benefits citizens have already paid for their entire life knowing the security they will need in their retirement years.
MEDICARE/MEDICAID:
Taxes Paid Years in Advance for Services Rendered at Retirement.
- 30 year old paid these taxes for at least 10 years
- 35 year old paid these taxes for at least 15 years
- 40 year old paid these taxes for at least 20 years
- 45 year old paid these taxes for at least 25 years
- 50 year old paid these taxes for at least 30 years
- 55 year old paid these taxes for at least 35 years
- 60 year old paid these taxes for at least 40 years
- 65 year old paid these taxes for at least 45 years
Tell the entire Republican party that their words which twist the truth are unacceptable. Tell then that you know when the GOP uses euphemisms to distort the truth. Tell them that the standard marketing done with Frank Lutz which tells the GOP which words to use to mislead average American citizens won't work this time around. The tax cuts for job creators did not create jobs, the deregulation lead to shenanigans and skulduggery all which hurt millions of people and created enormous debt.
Tell the Republican party they will never get away with their budget proposals on Medicare, Social Security and their attempts to erase the American standards set for America's social safety net are a recipe for failure.
Tell your elected official the Republican Parties solution for our countries economic problems are unacceptable to you as a citizen of the United States of America.
Friday, August 3, 2012
Job Creation - Corporate Income Taxes & Reality
Taxing the wealthiest Americans a 35% rate vs. a 28% rate
on every extra $1,000,000 of investment income if every other deduction for their business remains the same means this:
The former tax rate of 28% cost $280,000 in tax revenue
leaving $780,000 of net income after taxes.
The revised tax rate of 35% cost $350,000 in tax revenue
leaving $650,000 of net income revenue.
Any Republican Party official who says to you that a job
creator will stop investing in existing businesses, create new businesses or
the continued use of existing or new investment vehicles all of which sustain
or create jobs are “full of beans”
Business owners are NOT going to stop investing because their investment only produces $650,000 rather than the $780,000 they earned in the years America gave them the gift of the George W. Bush Temporary Tax Cuts.
Business owners are NOT going to stop investing because their investment only produces $650,000 rather than the $780,000 they earned in the years America gave them the gift of the George W. Bush Temporary Tax Cuts.
The
job creators will continue to invest in products and services that
people of the world will buy. Our government can pay down some of this
unnecessary debt. And can assist our fellow citizen in need of food and
healthcare for their family allowing them to buy products and services
made by our job creators.
And it is about time we expand the investments in our countries infrastructure allowing our job creators to create better products and services and deliver it through out the world. We are a consumption economy, we need people buying products and services for greater job creation; we need a an increased revenue stream demonstrating government officials can balance income with expenses; NOT more tax cuts.
And it is about time we expand the investments in our countries infrastructure allowing our job creators to create better products and services and deliver it through out the world. We are a consumption economy, we need people buying products and services for greater job creation; we need a an increased revenue stream demonstrating government officials can balance income with expenses; NOT more tax cuts.
There
are no smart business people who actually pay the standard tax rate.
Every person who owns and operates a business uses deductions,
depreciation's and other tax loop holes to reduce the actual tax rate
that the job creator pays.
It is tiring keeping track of all the nonsense the Republican party tells to our citizens.
Sadly, many are incapable of knowing how badly they are being deceived.
It is tiring keeping track of all the nonsense the Republican party tells to our citizens.
Sadly, many are incapable of knowing how badly they are being deceived.
#GOP Fairy Tales [] Fast Facts #10
Taxing the wealthiest Americans a 35% rate vs. a 28% rate
on every extra $1,000,000 of investment income if every other deduction for their business remains the same means this:
The former tax rate of 28% cost $280,000 in tax revenue
leaving $780,000 of net income after taxes.
The revised tax rate of 35% cost $350,000 in tax revenue
leaving $650,000 of net income revenue.
Any Republican Party official who says to you that a job
creator will stop investing in existing businesses, create new businesses or
the continued use of existing or new investment vehicles all of which sustain
or create jobs are “full of beans”
Business owners are NOT going to stop investing because their investment only produces $650,000 rather than the $780,000 they earned in the years America gave them the gift of the George W. Bush Temporary Tax Cuts.
Business owners are NOT going to stop investing because their investment only produces $650,000 rather than the $780,000 they earned in the years America gave them the gift of the George W. Bush Temporary Tax Cuts.
The
job creators will continue to invest in products and services that
people of the world will buy. Our government can pay down some of this
unnecessary debt. And can assist our fellow citizen in need of food and
healthcare for their family allowing them to buy products and services
made by our job creators.
And it is about time we expand the investments in our countries infrastructure allowing our job creators to create better products and services and deliver it through out the world. We are a consumption economy, we need people buying products and services for greater job creation; we need a an increased revenue stream demonstrating government officials can balance income with expenses; NOT more tax cuts.
And it is about time we expand the investments in our countries infrastructure allowing our job creators to create better products and services and deliver it through out the world. We are a consumption economy, we need people buying products and services for greater job creation; we need a an increased revenue stream demonstrating government officials can balance income with expenses; NOT more tax cuts.
There
are no smart business people who actually pay the standard tax rate.
Every person who owns and operates a business uses deductions,
depreciation's and other tax loop holes to reduce the actual tax rate
that the job creator pays.
It is tiring keeping track of all the nonsense the Republican party tells to our citizens.
Sadly, many are incapable of knowing how badly they are being deceived.
It is tiring keeping track of all the nonsense the Republican party tells to our citizens.
Sadly, many are incapable of knowing how badly they are being deceived.
Tuesday, July 10, 2012
#GOP Lunatics Confused About Who Creates Jobs
Big business and small business alike will not add jobs until demand for their products and or services
increases.
The uncertainty of tax our structure, increase or decrease is not relevant. The increase or decrease of government regulation is not relevant. All good business men/women easily create a 1, 3 or 5 year business plan which includes all fixed costs, including taxes. Business owners will not create new jobs until demand for their products and or services increases above their present capacity.
Does it matter if there is a Republican or a Democrat in federal office? Yes it does, their tendency to use euphemisms, psychological mirroring, and out right lies to average American citizen suggest that their time has come; end republican control of congress.
The time has come to send Republicans home from congress during our 2012 Federal Elections. The fact is that REAL job creators are NOT wealthiest among us as the Republican Party says over and over and over again. And no, job creators are not the top ten percent of wage earners among us since the wealthiest among us have a tendency to bank extra disposable income rather than spend this money buying unnecessary goods or services. So what the GOP says about job creators is wrong, job creators are not solely business owners, or small business owners.
The job creators in America are the whole lot of us (the bottom 90 percent), calling us the greater middle class.
JOB CREATORS ARE THE MIDDLE CLASS!
Job creators demand goods and services that business men and women meet with the products and services that they create. Unmet demand makes new production lines or allows a new business entity to compete.
Job creators are the collective citizenry spending their hard earned money to buy products and services that businesses owners produce. And when demand for products and services out weighs the supply of products and services (more buyers than people employed can make) business owners hire more people.
Small business people and risk takers deploy capital to satisfy unmet demand by supplying a product or service.
Job creation has little to do with, as the Republican Party says, " Job killing regulations" or "tax uncertainty", these Republican ideas are fantasy, about as real as the story line of the "The Wizard of Oz".
Business will not create jobs until demand outweighs supply.
And Americas Job Creators are not the wealthy in America or in the world; it's the consumers of products and services; consumers are the worlds only job creators.
The uncertainty of tax our structure, increase or decrease is not relevant. The increase or decrease of government regulation is not relevant. All good business men/women easily create a 1, 3 or 5 year business plan which includes all fixed costs, including taxes. Business owners will not create new jobs until demand for their products and or services increases above their present capacity.
Does it matter if there is a Republican or a Democrat in federal office? Yes it does, their tendency to use euphemisms, psychological mirroring, and out right lies to average American citizen suggest that their time has come; end republican control of congress.
The time has come to send Republicans home from congress during our 2012 Federal Elections. The fact is that REAL job creators are NOT wealthiest among us as the Republican Party says over and over and over again. And no, job creators are not the top ten percent of wage earners among us since the wealthiest among us have a tendency to bank extra disposable income rather than spend this money buying unnecessary goods or services. So what the GOP says about job creators is wrong, job creators are not solely business owners, or small business owners.
The job creators in America are the whole lot of us (the bottom 90 percent), calling us the greater middle class.
JOB CREATORS ARE THE MIDDLE CLASS!
Job creators demand goods and services that business men and women meet with the products and services that they create. Unmet demand makes new production lines or allows a new business entity to compete.
Job creators are the collective citizenry spending their hard earned money to buy products and services that businesses owners produce. And when demand for products and services out weighs the supply of products and services (more buyers than people employed can make) business owners hire more people.
Small business people and risk takers deploy capital to satisfy unmet demand by supplying a product or service.
Job creation has little to do with, as the Republican Party says, " Job killing regulations" or "tax uncertainty", these Republican ideas are fantasy, about as real as the story line of the "The Wizard of Oz".
Business will not create jobs until demand outweighs supply.
And Americas Job Creators are not the wealthy in America or in the world; it's the consumers of products and services; consumers are the worlds only job creators.
Wednesday, June 27, 2012
Congressional Misinformation or Tax Fairness
The song and dance Congress sold you with a reduction of the capital gains tax offers this result; the high income earner kept $25,000.00 while the average income earner kept $125.00 in savings.
These tax savings originally intended to fund social security, medicare, medicaid, streets, bridges, etc......
Or maybe to just pay down that debt.
Let's look at one simple comparison of Capital Gains taxed at regular income rates vs.Capital gains taxed at the special reduced long term capital gain rate of 15%:
A. Adjusted Gross Income High Income Earner:
$1,500,000.00 adjusted gross income
Annual Capital Gains of $125,000
Capital Gains Taxed as Ordinary Income @ 35% = $43,750.00
Capital Gains @15% = $18,750.00
Tax Savings = $25,000.00
B. Adjusted Gross Income Average Income Earner:
$45,000.00 adjusted gross income
Annual Capital Gains of $5,000
Capital Gains Taxed as Ordinary Income @17.5% = $875.00
Capital Gains @15% = $750.00
Tax Savings = $125.00
READ MORE HERE:
http://fconsmod.blogspot.com/2012/01/tax-fairness-gop-storytelling.html
The Republican Party owns this & other temporary tax breaks, with Democratic Party complicity by allowing the congressional budgets rules to pass both chambers being signed by President George W. Bush.
These tax savings originally intended to fund social security, medicare, medicaid, streets, bridges, etc......
Or maybe to just pay down that debt.
Let's look at one simple comparison of Capital Gains taxed at regular income rates vs.Capital gains taxed at the special reduced long term capital gain rate of 15%:
A. Adjusted Gross Income High Income Earner:
$1,500,000.00 adjusted gross income
Annual Capital Gains of $125,000
Capital Gains Taxed as Ordinary Income @ 35% = $43,750.00
Capital Gains @15% = $18,750.00
Tax Savings = $25,000.00
B. Adjusted Gross Income Average Income Earner:
$45,000.00 adjusted gross income
Annual Capital Gains of $5,000
Capital Gains Taxed as Ordinary Income @17.5% = $875.00
Capital Gains @15% = $750.00
Tax Savings = $125.00
READ MORE HERE:
http://fconsmod.blogspot.com/2012/01/tax-fairness-gop-storytelling.html
The Republican Party owns this & other temporary tax breaks, with Democratic Party complicity by allowing the congressional budgets rules to pass both chambers being signed by President George W. Bush.
Monday, February 6, 2012
Hold Congress Responsible for Meeting their Obligations
Social Security Old-Age, Survivors, & Disability Insurance & Medicare's Hospital
Insurance (HI) Programs are financed by employment taxes. Congress has failed over many years to manage the entire government budget process creating annual debt which has created a larger deficit accumulated over many many years of failed fiscal discipline.
Today politicians speak of the need to cut the insurance programs for citizens whom have faithfully paid their end of the insurance contract. The same citizens who have planned on these insurance benefits for their retirement years, 5, 10 and 20 years out.
Tell congress their failure to properly manage the government overall budget is no excuse to change the Social Security, Medicare and/or Unemployment Insurance Program Benefits in any way.
These same elected officials have enacted bankruptcy laws for the private industry which allows private enterprise to make retirement security promises to employees over many years, decades or a lifetime; then when the management team looses sight of the organizational strengths, weaknesses, opportunities and threats and finds itself with financial difficulty, can file for bankruptcy to shed it's responsibility to their employee pension and retirement obligations. Thus placing the previously private enterprise retirement fund in the hands of the "Pension Benefit Guaranty Corporation" (PBGC).
The PBGC is funded four sources:
Private Companies go bankrupt to dump their pension obligations onto the #PBGC just like congress is trying to dump their social security, medicare and unemployment obligations onto the backs of the very people paying for thses insurance programs in the first place.
Tell Congress their plans to make major changes to Scoial Security, Medicare and/or Unemployment are NOT ACCEPTABLE.
#Vote2012
Today politicians speak of the need to cut the insurance programs for citizens whom have faithfully paid their end of the insurance contract. The same citizens who have planned on these insurance benefits for their retirement years, 5, 10 and 20 years out.
Tell congress their failure to properly manage the government overall budget is no excuse to change the Social Security, Medicare and/or Unemployment Insurance Program Benefits in any way.
These same elected officials have enacted bankruptcy laws for the private industry which allows private enterprise to make retirement security promises to employees over many years, decades or a lifetime; then when the management team looses sight of the organizational strengths, weaknesses, opportunities and threats and finds itself with financial difficulty, can file for bankruptcy to shed it's responsibility to their employee pension and retirement obligations. Thus placing the previously private enterprise retirement fund in the hands of the "Pension Benefit Guaranty Corporation" (PBGC).
The PBGC is funded four sources:
- Insurance premiums paid by sponsors of defined benefit pension plans;
- Assets held by the pension plans it takes over;
- Recoveries of unfunded pension liabilities from plan sponsors' bankruptcy estates and
- Investment income.
Private Companies go bankrupt to dump their pension obligations onto the #PBGC just like congress is trying to dump their social security, medicare and unemployment obligations onto the backs of the very people paying for thses insurance programs in the first place.
Tell Congress their plans to make major changes to Scoial Security, Medicare and/or Unemployment are NOT ACCEPTABLE.
#Vote2012
Wednesday, January 25, 2012
Tax Fairness or #GOP Storytelling
The Republican Party believes that capital gains, investment income and carried interest earnings are either appropriately taxed at a lower level than ordinary income or deserve to have taxes removed all together.
The latest defense of lower tax treatment states this is money previously taxed therefore it warrants this reduced tax rate.
Balderdash!
The money that has been taxed is not the capital gain, the interest income or the carry interest trade, the money that has been previously taxed is the principal used to create this new income, or stated another way, the previously taxed money generates new income that has NEVER before been taxed.
The income in question here is new, never before taxed ordinary income for a person fortunate enough to be in a position to earn capital gains, investment interest or more blatantly unfair, hold a job where their income is derived from managing other peoples money.
Class warfare exists in an unfair tax code which treats those who either through hard work and success or through inheritance are afforded tax subsidies that those less fortunate are not presently able to take advantage of in order to raise their stead in life.
It is the very politicians whom cry foul when the question of tax fairness is raised, those who suggest a discussion on tax fairness is some form of class warfare who have rewarded the wealthy and powerful who assisted them in maintaining their cushy government jobs. The wealthy and powerful have the capacity to spend money lavishly lobbying politicians who are constantly running for election.
#Vote2012
The latest defense of lower tax treatment states this is money previously taxed therefore it warrants this reduced tax rate.
Balderdash!
The money that has been taxed is not the capital gain, the interest income or the carry interest trade, the money that has been previously taxed is the principal used to create this new income, or stated another way, the previously taxed money generates new income that has NEVER before been taxed.
The income in question here is new, never before taxed ordinary income for a person fortunate enough to be in a position to earn capital gains, investment interest or more blatantly unfair, hold a job where their income is derived from managing other peoples money.
Class warfare exists in an unfair tax code which treats those who either through hard work and success or through inheritance are afforded tax subsidies that those less fortunate are not presently able to take advantage of in order to raise their stead in life.
It is the very politicians whom cry foul when the question of tax fairness is raised, those who suggest a discussion on tax fairness is some form of class warfare who have rewarded the wealthy and powerful who assisted them in maintaining their cushy government jobs. The wealthy and powerful have the capacity to spend money lavishly lobbying politicians who are constantly running for election.
#Vote2012
Monday, December 19, 2011
Congressional Election 2012
We have no shortage of oil.
We have no shortage of natural gas.
We have no shortage of anything necessary to maintain American Standards of living and economic growth except: Rare Earth Metals.
Rare earth metals are a group of 17 metals (such as lanthanum and cerium) that are used for a variety of high tech gadgets that are vital to modern life.
The other shortage we have is with educated voters and fact filled congressional politicians.
So when elected congressional officials tell you we have an ineffective government with nothing but job killing regulations; that our government needs to be smaller with less regulations so we can reduce taxes, get government off your back and allow the free enterprise system to do what it does best; ask yourself......
If all these things are true......
How come we're climbing out of a recession after over ten years of tax cuts, reduced government funding to enforce regulations, where job creators offered no new employment to our citizens in over 10 years, then laid-off 20% of all citizens right before the economy fell off a cliff due to the free market systems inability to regulate itself.
The FACT is starving a government of adequate revenue and of the ability to be effective in doing it's job has consequences.
Every organization has to deliver products & services while balancing income with expenditures or go bankrupt.
This includes our elected officials in Congress.
Income must increase and expense must decrease to pay down our debt.
Doing anything less is a complete waste of time and effort for which you can expect either no results and results that backfire on "We the People".
Hypocrisy resides in our halls of congress, tell me which party is more deserving to hold the honor of said definition; the hypocritical political party, send them home.
#VOTE2012
.
We have no shortage of natural gas.
We have no shortage of anything necessary to maintain American Standards of living and economic growth except: Rare Earth Metals.
Rare earth metals are a group of 17 metals (such as lanthanum and cerium) that are used for a variety of high tech gadgets that are vital to modern life.
The other shortage we have is with educated voters and fact filled congressional politicians.
So when elected congressional officials tell you we have an ineffective government with nothing but job killing regulations; that our government needs to be smaller with less regulations so we can reduce taxes, get government off your back and allow the free enterprise system to do what it does best; ask yourself......
If all these things are true......
How come we're climbing out of a recession after over ten years of tax cuts, reduced government funding to enforce regulations, where job creators offered no new employment to our citizens in over 10 years, then laid-off 20% of all citizens right before the economy fell off a cliff due to the free market systems inability to regulate itself.
The FACT is starving a government of adequate revenue and of the ability to be effective in doing it's job has consequences.
Every organization has to deliver products & services while balancing income with expenditures or go bankrupt.
This includes our elected officials in Congress.
Income must increase and expense must decrease to pay down our debt.
Doing anything less is a complete waste of time and effort for which you can expect either no results and results that backfire on "We the People".
Hypocrisy resides in our halls of congress, tell me which party is more deserving to hold the honor of said definition; the hypocritical political party, send them home.
#VOTE2012
.
Thursday, September 22, 2011
U.S. Federal Debt
Time series of U.S. federal debt overlaid with partisan affiliation of the White House and the Congress.
During the George W. Bush Presidency our debt to gross Domestic product ratio increased 28 percent.
Saturday, July 2, 2011
Starve the Beast
"The Beast" (government spending) has been starved of government revenue since the 2001 and 2003 Bush Tax Cuts. And since those first of the cuts, "the Beast" has borrowed to spend as Congress raised the debt ceiling on the United States public debt from $5.95 trillion to $14.294 trillion - a 140% or $8.344 trillion increase.
Where would we be if we returned to Clinton Era Tax Rates, letting the Bush Era Tax Cuts and extensions expire?
American citizens know a carnival barker when they see one:
Rather than proposing unpopular spending cuts, the #GOP pushed through popular tax cuts, with the deliberate intention of worsening the government’s fiscal position.
They now sell citizens spending cuts as a necessity rather than a choice as the only way to eliminate an unsustainable budget deficit.
Republicans insist that the deficit must be eliminated, but they’re not willing either to raise taxes or to support cuts in any major government programs.
This means they’re unwilling to participate in serious bipartisan discussions, either, because that might force them to explain their plan — and there isn’t any plan, except to regain power!
Eyes wide open people, the #GOP says, we don't have a revenue problem we have a spending problem:
I say, we have a partisan ideology problem. And the cure requires elimination of #GOP control of State Houses, Legislatures and from government control in Washington DC
Where would we be if we returned to Clinton Era Tax Rates, letting the Bush Era Tax Cuts and extensions expire?
American citizens know a carnival barker when they see one:
Rather than proposing unpopular spending cuts, the #GOP pushed through popular tax cuts, with the deliberate intention of worsening the government’s fiscal position.
They now sell citizens spending cuts as a necessity rather than a choice as the only way to eliminate an unsustainable budget deficit.
Republicans insist that the deficit must be eliminated, but they’re not willing either to raise taxes or to support cuts in any major government programs.
This means they’re unwilling to participate in serious bipartisan discussions, either, because that might force them to explain their plan — and there isn’t any plan, except to regain power!
Eyes wide open people, the #GOP says, we don't have a revenue problem we have a spending problem:
I say, we have a partisan ideology problem. And the cure requires elimination of #GOP control of State Houses, Legislatures and from government control in Washington DC
Wednesday, June 1, 2011
GOP Political Euphemism (s) - Fast Facts #8
We don't have a revenue problem we have a spending problem in Washington.
Speaker of the House John Boehner explained: "Washington does not have a revenue problem. Washington has a spending problem."
Majority Leader Eric Cantor said: "The fact [that] I think most Americans get, Washington does not have a revenue problem. It's got a spending problem."
Senator Orrin Hatch said: "We don't have a revenue problem;" "We all know we have a spending problem."
Really?
Look at the countries tax revenue since we received the George W. Bush "UNPAID" "NOT OFFSET" tax cuts. Then we have estate tax changes and extensions of these same tax cuts to see the countries tax revenue slump to 50 year lows.
At a time when the country grew from a population of 281,421,906 in 2000 to a population of 308,745,538 in 2010. This is an increase of 2,732,363 residents, an increase of just under 10% in 10 years.
So I'm not saying that we can't look at spending. And I am not opposed to pairing back some of the governments wastes, frauds and abuses.
But WE HAVE A REVENUE PROBLEM.
And the tax cuts and extensions over these past 11 years has placed us in a very precarious position.
Fact is the GOP drove us here while in charge of the white house and controlling congress at the start of 6 of those 8 wonderful George W. Bush years. All while the Democrats sat in the back seat, watching the pretty scenery.
Today the GOP talks like they have our budget problem solutions and it is not a revenue problem, it's a spending problem, our anwser from heaven.
These marketing charlatans are not the solution.
They are the problem.
Send them home from Washington DC for good.
Speaker of the House John Boehner explained: "Washington does not have a revenue problem. Washington has a spending problem."
Majority Leader Eric Cantor said: "The fact [that] I think most Americans get, Washington does not have a revenue problem. It's got a spending problem."
Senator Orrin Hatch said: "We don't have a revenue problem;" "We all know we have a spending problem."
Really?
Look at the countries tax revenue since we received the George W. Bush "UNPAID" "NOT OFFSET" tax cuts. Then we have estate tax changes and extensions of these same tax cuts to see the countries tax revenue slump to 50 year lows.
At a time when the country grew from a population of 281,421,906 in 2000 to a population of 308,745,538 in 2010. This is an increase of 2,732,363 residents, an increase of just under 10% in 10 years.
So I'm not saying that we can't look at spending. And I am not opposed to pairing back some of the governments wastes, frauds and abuses.
But WE HAVE A REVENUE PROBLEM.
And the tax cuts and extensions over these past 11 years has placed us in a very precarious position.
Fact is the GOP drove us here while in charge of the white house and controlling congress at the start of 6 of those 8 wonderful George W. Bush years. All while the Democrats sat in the back seat, watching the pretty scenery.
Today the GOP talks like they have our budget problem solutions and it is not a revenue problem, it's a spending problem, our anwser from heaven.
These marketing charlatans are not the solution.
They are the problem.
Send them home from Washington DC for good.
Thursday, April 28, 2011
US Government 2009 Agriculture Subsidies
USDA subsidies in the United States totaled $16.3 billion in 2009
Total USDA - Subsidies by state, 2009
How many GOP supporters who talk about the socialism receive these benefits?
Look up states which receive the greatest benefits from our countries agriculture policies:
Click Here!
*
Total USDA - Subsidies by state, 2009
How many GOP supporters who talk about the socialism receive these benefits?
Look up states which receive the greatest benefits from our countries agriculture policies:
Click Here!
*
Tuesday, April 26, 2011
Bi-Partisan Proposed Cap on Federal Spending
Proposed Cap on Federal Spending Would Force Deep Cuts in Medicare, Medicaid, and Social Security
Remember how we got here?
This solution is a shirk of responsibility. Easy way for politicians.
A means to avoid or neglect their duty or responsibility.
Click Here to Effects of The Proposed Cap!
Remember how we got here?
This solution is a shirk of responsibility. Easy way for politicians.
A means to avoid or neglect their duty or responsibility.
Click Here to Effects of The Proposed Cap!
- Capping Spending at or Below the Historical Average Would Necessitate Even More Severe Cuts in Future Decades
- Cap Would Drive Substantial Cuts in Medicare, Medicaid, And Social Security Over the Next Decade
- Historical Spending Averages Bear Little Relevance for the Future
- Cap Would Require Radical Restructuring of Medicare and Medicaid
- Eliminating Traditional Medicare
- Block-Granting Medicaid
- Spending Cap Would Likely Require Repeal of Major Coverage Elements of Health Reform
- Spending Cap Would Require Large Cuts in Social Security Over Both the Near and Long Term
Friday, April 15, 2011
Ryan Budget Plan Boasts Bigger Better than Reality
Ryan Budget Plan Produces Far Less Real Deficit Cutting than Reported.
Fact is the Plan’s $4.3 Trillion in Program Cuts, Offset by $4.2 Trillion in Tax Cuts, Yield Just $155 Billion in Deficit Reduction
Read full story here!
Fact is the Plan’s $4.3 Trillion in Program Cuts, Offset by $4.2 Trillion in Tax Cuts, Yield Just $155 Billion in Deficit Reduction
Read full story here!
Thursday, April 14, 2011
Tell the GOP Their Plans are Unacceptable
Let's review what the George W. Bush Presidency with Republican Congress (6 of 8 years) did for America from 2000 - 2008:
In short the activities which caused our problem today were imprudent tax cuts when our government officials ought to have been planning to secure the benefits citizens paid for their entire working life rather than offering corporate socialism and fighting unpaid for wars should now be corrected by offering more tax cuts and the sacrifice of benefits by citizens whom have already paid for the benefits of the insurance plans for their entire working life.
MEDICARE Premiums Paid for Service to Be Rendered at retirement.
The George W. Bush temporary tax cuts have been in place over 10 years and business had so much certainty we created a depression, we created no jobs, we lost great value in the dollar, our standard of living for the Average American dropped, some of us went bankrupt, lost our house and our savings.
Tell your elected official the Republican Parties solution for our countries economic problems are unacceptable to you as a citizen of the United States of America.
- Cut taxes to starve (GOP Perceived Big) government.
- Deregulate to bring unfettered free market principles back to business
- Create Government Budgets which do not account for all government spending (GOP never budgeted for off balance sheet expenditures like Middle East Wars) widening deficits.
- Create larger and larger government deficits with full knowledge our citizens were aging and therefore would be cashing in on the insurance programs the people paid for during their entire working life. (GOP failing to properly budget for and fund for an entire decade)
- Allow corporations to damage the environment and our financial system then prevent subpoena power to congressional oversight committees entrusted by our constitution to protect the people from such acts.
- Now, today call for further tax cuts and tax cut extensions due to the depressed economy brought upon the nation by the very same policies they call to action today.
In short the activities which caused our problem today were imprudent tax cuts when our government officials ought to have been planning to secure the benefits citizens paid for their entire working life rather than offering corporate socialism and fighting unpaid for wars should now be corrected by offering more tax cuts and the sacrifice of benefits by citizens whom have already paid for the benefits of the insurance plans for their entire working life.
MEDICARE Premiums Paid for Service to Be Rendered at retirement.
- 30 year old paid insurance premiums for at least 10 years
- 35 year old paid insurance premiums for at least 15 years
- 40 year old paid insurance premiums for at least 20 years
- 45 year old paid insurance premiums for at least 25 years
- 50 year old paid insurance premiums for at least 30 years
- 55 year old paid insurance premiums for at least 35 years
- 60 year old paid insurance premiums for at least 40 years
- 65 year old paid insurance premiums for at least 45 years
The George W. Bush temporary tax cuts have been in place over 10 years and business had so much certainty we created a depression, we created no jobs, we lost great value in the dollar, our standard of living for the Average American dropped, some of us went bankrupt, lost our house and our savings.
Tell your elected official the Republican Parties solution for our countries economic problems are unacceptable to you as a citizen of the United States of America.
Tuesday, April 5, 2011
The Republican Party is Bankrupting America
The Current Tax Rate as a percentage of our Gross Domestic Product is Bankrupting America
Please thank the #GOP for four very important contributions to America.
GOP STRATEGIC MARKETING PLAN FOR AMERICA
- Lowest in 60 Years!
- Lower than 30 Year Average by 3.4% points!
- Lower than the Highest Rate by Almost 6% points!
Please thank the #GOP for four very important contributions to America.
- Our recent recession-Deregulation & Failure in Government Oversight of the Financial Industry
- Our recent deficits-Deficit Spending & Starvation of Tax Revenue to a Growing Aging Population & Country
- A road-map that displays their utter disdain for the Average American citizen
- For recommending we fix the problems they blessed us with on the very backs of the people they harmed the most with their first two contributions - Middle America
GOP STRATEGIC MARKETING PLAN FOR AMERICA
Ryan's Radical Budget Priorities
The Ryan Budget's Radical Priorities Provides Largest Tax Cuts in History for Wealthy, Raises Middle Class Taxes, Ends Guaranteed Medicare, Privatizes Social Security, Erodes Health Care
Strip Away all the "Euphemisms" and read the paragraph titles below for a sound understanding of the GOP playbook for America.
Citizens visit the site linked above - you need to have an open mind to all ideas but knowledge is power - be well informed.
Strip Away all the "Euphemisms" and read the paragraph titles below for a sound understanding of the GOP playbook for America.
- Reports of Plan’s Fiscal Soundness Rest on Misunderstanding of CBO Analysis
- Radical Changes in Health Coverage
- Sweeping Changes in Social Security
- Cutting Taxes for the Wealthy While Raising Taxes for the Middle Class
- Failing to Avert the Rise in Debt
- Eroding Employer-Sponsored Health Coverage
- Plan Lacks Adequate Reforms for Private Insurance Markets
- Expansion of High-Risk Pools Unlikely to Have Much Impact
- Exchanges Would Be Too Weak to Keep Premiums Affordable
- Ending Medicare As We Know It
- Abolishing Medicaid and the Children’s Health Insurance Program
- Privatizing Social Security
- Risking Costly New Federal Bailouts
- Incentives for People to Elect Privatization, at the Treasury’s Expense
- Limiting Other Federal Spending
Citizens visit the site linked above - you need to have an open mind to all ideas but knowledge is power - be well informed.
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About Me
- FConSMod
- Elections matter-openly cynical of government business as usual-Supreme Court Justices 5-4 open warfare on my Individual Liberty-Teach as Knowledge is Power!












