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 Vote America. Show all posts
Showing posts with label Vote America. Show all posts
Friday, January 4, 2013
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.
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 27, 2012
#Constitution [] Supreme Law of the Land
Q. What constitutes the supreme law of the land?
A. Art. VI, cl. 2 of the Constitution says: "This Constitution, and the Laws of the United States which shall be made in Pursuance thereof; and all Treaties made, or which shall be made, under the Authority of the United States, shalt be the supreme Law of the Land; and the Judges in every State shall be bound thereby, any Thing in the Constitution or Laws of any State to the Contrary notwithstanding."
Constitution Questions & Anwsers
A. Art. VI, cl. 2 of the Constitution says: "This Constitution, and the Laws of the United States which shall be made in Pursuance thereof; and all Treaties made, or which shall be made, under the Authority of the United States, shalt be the supreme Law of the Land; and the Judges in every State shall be bound thereby, any Thing in the Constitution or Laws of any State to the Contrary notwithstanding."
Constitution Questions & Anwsers
Saturday, February 25, 2012
Facts to Dismiss #GOP Operative Fairy Tales
Average Rig Count in the United States of America By Year
Average Crude Oil Price in the United States of America By Month
Average Non-Farm Employment Count in the United States of America By Month
Average Retail Price Gallon of Regular Gasoline in the United States of America By Month
Americans for Making Decisions with Factual Information!
#Vote 2012
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
.
Sunday, December 18, 2011
#POTUS Election 2012
Hold your educated political beliefs in high regard and seek success for that in which you believe.
Set aside falsehoods and pretense by both political parties and hold each accountable for what they say versus what they do.
Be mindful of the fact that our forefathers created a magnificent government which includes a separation of governmental powers that creates a fairly interesting balancing act between branches of government. And between our Federal Government and the States.
Starting in the year 2000 our Federal Government reduced Federal taxes for all citizens. They continued to spend sums of money greater than the income received by the Federal Government.
In September 2000 our National Debt was $5,674,178,209,886.86.
In September 2008 our National Debt was $10,024,724,896,912.40.
This is an increase in our National Debt of almost 77% in 8 years of the George W. Bush presidency; an average increase of 9.625% each year of the 8 years.
When President Barack Obama was prepared to takes the oath of office the USA economy had already been dropped off the proverbial cliff. Housing prices were falling, credit facilities among all financial entities was drying up, the Federal Government Revenue from a shrinking economy was falling while citizens seeking access to Federal and State Government Safety Net Programs was growing.
During George Bush's last year in office, from September 2008 ($11,909,829,003,511.70) to end of his term and start of Barack Obama's 1st year in office, September 2009 our debt ballooned from $10,024,724,896,912.40 This means from September 2008 to September 2009 we had an increase of almost 19% for the year.
Now let me be perfectly clear, our Presidents present annual budgets to congress but constitutionally, the House of Representatives is responsible for budget proposals, then our Senate either agrees to the budget or makes modifications in their chambers.
If there are differences between the House and Senate approved budgets, the congressional differences are ironed out in a congressional conference between the House of Representatives and the Senate.
The President either signs or veto's the budget.
Should the budget be vetoed, then congress can override the Presidents action with a 2/3rds vote in the House of Representatives and the Senate agreeing to overrule the Presidential veto.
Thus any congressional elected official blaming any president for a budget and/or deficit problem is not coming clean with the American people.
Congress appropriates money to operate our federal Government, they own the budget, a President can only make sure that 2/3rds of each house agree to any given budget; this happens only when the President veto's the appropriation.
#VOTE2012
Set aside falsehoods and pretense by both political parties and hold each accountable for what they say versus what they do.
Be mindful of the fact that our forefathers created a magnificent government which includes a separation of governmental powers that creates a fairly interesting balancing act between branches of government. And between our Federal Government and the States.
Starting in the year 2000 our Federal Government reduced Federal taxes for all citizens. They continued to spend sums of money greater than the income received by the Federal Government.
In September 2000 our National Debt was $5,674,178,209,886.86.
In September 2008 our National Debt was $10,024,724,896,912.40.
This is an increase in our National Debt of almost 77% in 8 years of the George W. Bush presidency; an average increase of 9.625% each year of the 8 years.
When President Barack Obama was prepared to takes the oath of office the USA economy had already been dropped off the proverbial cliff. Housing prices were falling, credit facilities among all financial entities was drying up, the Federal Government Revenue from a shrinking economy was falling while citizens seeking access to Federal and State Government Safety Net Programs was growing.
During George Bush's last year in office, from September 2008 ($11,909,829,003,511.70) to end of his term and start of Barack Obama's 1st year in office, September 2009 our debt ballooned from $10,024,724,896,912.40 This means from September 2008 to September 2009 we had an increase of almost 19% for the year.
Now let me be perfectly clear, our Presidents present annual budgets to congress but constitutionally, the House of Representatives is responsible for budget proposals, then our Senate either agrees to the budget or makes modifications in their chambers.
If there are differences between the House and Senate approved budgets, the congressional differences are ironed out in a congressional conference between the House of Representatives and the Senate.
The President either signs or veto's the budget.
Should the budget be vetoed, then congress can override the Presidents action with a 2/3rds vote in the House of Representatives and the Senate agreeing to overrule the Presidential veto.
Thus any congressional elected official blaming any president for a budget and/or deficit problem is not coming clean with the American people.
Congress appropriates money to operate our federal Government, they own the budget, a President can only make sure that 2/3rds of each house agree to any given budget; this happens only when the President veto's the appropriation.
#VOTE2012
Tuesday, September 27, 2011
Truth About Our Tax Base
And the affects on our citizens ability to prosper when America Prospers!
First let's have a look at the Federal Income Tax Portion of All Federal Revenue for FY 2009: in the World According to Karl Rove and the Republican Party this is the only part of tax revenue that matters!
While these numbers are truthful as reported they fail to tell the whole story. In that effect they distort reality providing the wrong perception of how our government is funded; please read on.
A look at All Federal Revenues: in the World According to United States of America FY 2009 Budget!
As you see Federal Income Taxes account for 44% of revenue required to operate government in FY 2009!
So the fact that the top 1% or the top 5% are paying an unfair share of our government operating revenue is dispelled. Showing half the facts provides half the picture, showing all the facts provides a very different view that concludes Karl Rove and the Republican party are trying to mislead the people.
Now let's take a look at our State & Local Tax payments. Do you see the picture that is developing here?
Adding all citizen tax payments, to State, Local and Federal Governments together, you see that our tax system is regressive and that the poor, lower middle and middle class pay the greatest portion of taxes in order to operate our governments!
Reality is the total revenue to operate all forms of our government come from a regressive tax rather than the progressive tax our Republican Party wants you the citizen to think we actually have in place today.
Our regressive tax policy has increased the income equality for all American Citizens starting near 1976 when the Republican Party began the demonetization of the opposition, starting with "Jimmy Carter"!
Today's #GOP demonizes everybody that threatens the benefits they have created for the upper class of American Citizens.
Cry "Class Warfare" against any one wanting to change our regressive tax policies to equalize the opportunity to share in America's Prosperity today!
The facts behind the rhetoric are important to know before you vote for any elected official in 2012.
#VOTE2012
First let's have a look at the Federal Income Tax Portion of All Federal Revenue for FY 2009: in the World According to Karl Rove and the Republican Party this is the only part of tax revenue that matters!
While these numbers are truthful as reported they fail to tell the whole story. In that effect they distort reality providing the wrong perception of how our government is funded; please read on.
A look at All Federal Revenues: in the World According to United States of America FY 2009 Budget!
As you see Federal Income Taxes account for 44% of revenue required to operate government in FY 2009!
So the fact that the top 1% or the top 5% are paying an unfair share of our government operating revenue is dispelled. Showing half the facts provides half the picture, showing all the facts provides a very different view that concludes Karl Rove and the Republican party are trying to mislead the people.
Now let's take a look at our State & Local Tax payments. Do you see the picture that is developing here?
Adding all citizen tax payments, to State, Local and Federal Governments together, you see that our tax system is regressive and that the poor, lower middle and middle class pay the greatest portion of taxes in order to operate our governments!
Reality is the total revenue to operate all forms of our government come from a regressive tax rather than the progressive tax our Republican Party wants you the citizen to think we actually have in place today.
Our regressive tax policy has increased the income equality for all American Citizens starting near 1976 when the Republican Party began the demonetization of the opposition, starting with "Jimmy Carter"!
Today's #GOP demonizes everybody that threatens the benefits they have created for the upper class of American Citizens.
Cry "Class Warfare" against any one wanting to change our regressive tax policies to equalize the opportunity to share in America's Prosperity today!
The facts behind the rhetoric are important to know before you vote for any elected official in 2012.
Click Here: Misconceptions & Realities About Who Pays Taxes
#VOTE2012
Monday, September 12, 2011
Reject Republican Party Politics
Today's GOP has worked hard to demonize government regulation. They repeat time after time their mantra with keen interest in convincing the rest of America's citizens that the Republican party is correct about government regulations being bad for the country.
The GOP goes on and on about these are #JobKillingRegulations, #JobCrushingRegulations, and according to House Speaker John Boehner, are “strangling” business with detailed requirements over health, safety, the environment, corporate governance and finance.
The favorite new word on the GOP euphemism list is #Uncertainty.
Job creators are uncertain, small business owners and entrepreneurs can't put capital at risk when the government tax status is unknown and there maybe a new government regulation offering new rules to follow; "Wall Street" is uncertain due to new financial regulations of the #DoddFrank Bill, business is uncertain due to the affects of the "Affordable care Act" [ #Obamacare ], business is uncertain and will not invest due to potential rise in income and other tax statuses,
Republicans are hell-bent on cutting spending and preserving the goose that laid the golden egg; the gilded class [rich or of a higher social class ] tax breaks; are having no qualms at all about the economic uncertainty they almost single-handedly are responsible for creating.
Today's Republican Party (GOP) has worked very hard to Starve Government of Revenue needed to be effective on all things. They cut taxes during the George W, Bush administration while continuing to spend money like drunken sailors. Adding further insult to injury, the entered the United States of America into two wars which were paid for off budget with emergency appropriations bills adding to the countries deficits and debt.
Federal regulations are the actual enforceable laws authorized by major legislation enacted by Congress.
The Clean Air Act, the Food and Drug Act, the Civil Rights Act are all examples of landmark legislation requiring months, even years of highly publicized planning, debate, compromise and reconciliation in Congress. Yet the work of creating the vast and ever-growing volumes of federal regulations, the real laws behind the acts, happens largely unnoticed in the offices of the government agencies rather than the halls of Congress.
The facts are more common sense than one would think. Regulations are by need, usually social, economic or process oriented.
Social regulation prohibits production of products in certain ways or with certain characteristics that are harmful to public interests such as health, safety, and the environment and may demand products be produced in certain ways or with certain characteristics that are beneficial to these public interests.
Economic regulation prohibits firms from charging prices or entering or exiting lines of business that might cause harm to the economic interests of other firms or economic groups.
Process regulations impose administrative or paperwork requirements such as income tax, social security, food stamps, or procurement forms. Most costs to businesses result from program administration, government procurement, and tax compliance efforts.
All regulatory agencies begin rule-making by publishing draft regulations in the Federal register asking for comment from all interested parties.
Most of the complex and confusing verbiage that finds its way in to the final regulation published in our Code of Federal Regulations is the result of industry lawyers and lobbyists doing their best to exploit the process by creating loopholes in their clients favor to avoid doing what lawmakers intend.
Government regulation is good, so long as it receives the same type of scrutiny and process improvement effort that all systems deserve in order to succeed.
#JobCreators deploy capital regardless of the external environmental conditions so long as the total cost of capital invested in the business finds sufficient customers at an appropriate price in order to deliver a reasonable rate of return to the investor.
Good business people account for all operating expenses to determine is the risk of investment is worth the anticipated reward:
In short, the small business & entrepreneur will only make an investment in new hires when their business can no longer meet their customer demand as the operation is presently configured. When demand increase they will make a determination on whether their business needs more people or equipment to make their firm more productive in order to meet excess demand.
Government regulation and/or tax structures do not create uncertainty for small business people or entrepreneurs. They are only two of many factors good business people use to calculate their return on investment for any given venture.
Reject the Republican Parties attempt to remove the revenue any good government needs to operate effectively for their citizens. Government must be funded to properly perform continuous improvements to increase it's capabilities for citizens.
"We the People" reject the #GOP thought that government regulation, and therefore government is bad.
"We the People" reject the #GOP notion that government has created #Uncertainty and this is the reason why we have no new #JobCreation.
"We the People" reject the #GOP religion that "Trickle Down Economics" works as an economic road to prosperity.
Reject the Republican Policies on Good Government today!
Tell the wimpy Democratic Party to get off their ass and stand for something coherent or perish!
[]
The GOP goes on and on about these are #JobKillingRegulations, #JobCrushingRegulations, and according to House Speaker John Boehner, are “strangling” business with detailed requirements over health, safety, the environment, corporate governance and finance.
The favorite new word on the GOP euphemism list is #Uncertainty.
Job creators are uncertain, small business owners and entrepreneurs can't put capital at risk when the government tax status is unknown and there maybe a new government regulation offering new rules to follow; "Wall Street" is uncertain due to new financial regulations of the #DoddFrank Bill, business is uncertain due to the affects of the "Affordable care Act" [ #Obamacare ], business is uncertain and will not invest due to potential rise in income and other tax statuses,
Republicans are hell-bent on cutting spending and preserving the goose that laid the golden egg; the gilded class [rich or of a higher social class ] tax breaks; are having no qualms at all about the economic uncertainty they almost single-handedly are responsible for creating.
Today's Republican Party (GOP) has worked very hard to Starve Government of Revenue needed to be effective on all things. They cut taxes during the George W, Bush administration while continuing to spend money like drunken sailors. Adding further insult to injury, the entered the United States of America into two wars which were paid for off budget with emergency appropriations bills adding to the countries deficits and debt.
Federal regulations are the actual enforceable laws authorized by major legislation enacted by Congress.
The Clean Air Act, the Food and Drug Act, the Civil Rights Act are all examples of landmark legislation requiring months, even years of highly publicized planning, debate, compromise and reconciliation in Congress. Yet the work of creating the vast and ever-growing volumes of federal regulations, the real laws behind the acts, happens largely unnoticed in the offices of the government agencies rather than the halls of Congress.
The facts are more common sense than one would think. Regulations are by need, usually social, economic or process oriented.
Social regulation prohibits production of products in certain ways or with certain characteristics that are harmful to public interests such as health, safety, and the environment and may demand products be produced in certain ways or with certain characteristics that are beneficial to these public interests.
Economic regulation prohibits firms from charging prices or entering or exiting lines of business that might cause harm to the economic interests of other firms or economic groups.
Process regulations impose administrative or paperwork requirements such as income tax, social security, food stamps, or procurement forms. Most costs to businesses result from program administration, government procurement, and tax compliance efforts.
All regulatory agencies begin rule-making by publishing draft regulations in the Federal register asking for comment from all interested parties.
Most of the complex and confusing verbiage that finds its way in to the final regulation published in our Code of Federal Regulations is the result of industry lawyers and lobbyists doing their best to exploit the process by creating loopholes in their clients favor to avoid doing what lawmakers intend.
Government regulation is good, so long as it receives the same type of scrutiny and process improvement effort that all systems deserve in order to succeed.
#JobCreators deploy capital regardless of the external environmental conditions so long as the total cost of capital invested in the business finds sufficient customers at an appropriate price in order to deliver a reasonable rate of return to the investor.
Good business people account for all operating expenses to determine is the risk of investment is worth the anticipated reward:
- accounting expenses
- maintenance and repairs, such as snow removal, trash removal, janitorial service, pest control, and lawn care
- advertising
- office expenses
- supplies
- attorney fees and legal fees
- utilities, such as telephone
- insurance
- property management, including a resident manager
- property taxes
- travel and vehicle expenses
- salary and wages
- raw materials
In short, the small business & entrepreneur will only make an investment in new hires when their business can no longer meet their customer demand as the operation is presently configured. When demand increase they will make a determination on whether their business needs more people or equipment to make their firm more productive in order to meet excess demand.
Government regulation and/or tax structures do not create uncertainty for small business people or entrepreneurs. They are only two of many factors good business people use to calculate their return on investment for any given venture.
Reject the Republican Parties attempt to remove the revenue any good government needs to operate effectively for their citizens. Government must be funded to properly perform continuous improvements to increase it's capabilities for citizens.
"We the People" reject the #GOP thought that government regulation, and therefore government is bad.
"We the People" reject the #GOP notion that government has created #Uncertainty and this is the reason why we have no new #JobCreation.
"We the People" reject the #GOP religion that "Trickle Down Economics" works as an economic road to prosperity.
Reject the Republican Policies on Good Government today!
Tell the wimpy Democratic Party to get off their ass and stand for something coherent or perish!
[]
Saturday, September 10, 2011
Register to Vote for Free
This web site provides simple directions on how to register to vote in elections: If not already registered please do so now!
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Thursday, August 25, 2011
GWB & GOP Financing
While the graph speaks for itself I'd like to point out that focusing on the period after 2000 alone provides clear insights into government finances in the Bush presidency.
This clearly reflects the liberal tax cuts for the rich, while steadily holding spending then an acceleration of rising expenditure on Bush Cheney Wars and occupation.
All during a Republican Presidency beginning 6 of those 8 years with a GOP Congress.
Not very pretty!
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This clearly reflects the liberal tax cuts for the rich, while steadily holding spending then an acceleration of rising expenditure on Bush Cheney Wars and occupation.
Not very pretty!
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Sunday, August 7, 2011
My Definition of #Conservative Means:
Does not allow the government to acquire large debts without a just and proportioned imposition upon the citizens at large. And this does not mean that each pays an equal burden, it means everyone pays, more appropriately each pays according to their means.
Does not eat live & breathe to Shut-down the Environmental Protection Agency; they support efforts to conserve natural resources and protect human and environmental health.
Does not mean government is bad; it means that government is good but needs only to be big enough to effectively do the job (government is therefore to be best when small & effective).
Does not mean Right Wing Authoritarianism; Republican political conservatives are witnessed by their intolerance of ambiguity and need for cognitive closure, true conservatives are open to change and not fearful of uncertainty. After all The theory of evolution demonstrates that those most likely to survive are those most able to adapt to change.
My definition of conservative does not mean one who is disposed to preserve existing conditions, institutions, etc., or to restore traditional ones, and to limit change. This is exactly where the GOP is today, trying to return places we were decades and/or a century ago. Oh shucks, as far as the Republican Party is concerned, this is exactly what conservative means.
Tired of these knuckle heads giving 21st century conservatism a bad name.
There are conservatives who are not associated with the Republican Party in any way shape or form that are good for our society. Together everybody achieves more; #TEAM
Does not eat live & breathe to Shut-down the Environmental Protection Agency; they support efforts to conserve natural resources and protect human and environmental health.
Does not mean government is bad; it means that government is good but needs only to be big enough to effectively do the job (government is therefore to be best when small & effective).
Does not mean Right Wing Authoritarianism; Republican political conservatives are witnessed by their intolerance of ambiguity and need for cognitive closure, true conservatives are open to change and not fearful of uncertainty. After all The theory of evolution demonstrates that those most likely to survive are those most able to adapt to change.
My definition of conservative does not mean one who is disposed to preserve existing conditions, institutions, etc., or to restore traditional ones, and to limit change. This is exactly where the GOP is today, trying to return places we were decades and/or a century ago. Oh shucks, as far as the Republican Party is concerned, this is exactly what conservative means.
Tired of these knuckle heads giving 21st century conservatism a bad name.
There are conservatives who are not associated with the Republican Party in any way shape or form that are good for our society. Together everybody achieves more; #TEAM
Saturday, July 2, 2011
Is it Groundhog Day? Again?
The Republican Party has settled into a comfortable pattern in their politics today.
It revolves around managing reality for those that can not or choose not to manage reality for themselves.
Does not say much for the intelligence and education of the grass roots party base.
The #GOP said cut taxes, to grow the economy and create jobs:
The #GOP says job crushing regulation is creating uncertainty for small business(s) and entrepreneurs:
Today we hear loud and clear, lower taxes and less government regulation create certainty in order that small business(s) entrepreneurs will create jobs.
Eyes wide open people, what nice things has this policy brought to us in the past 12 years? Do you really want to repeat it, again and again, and again?
GOP LEADERSHIP ACTIONS SEEK OUTCOMES BASED ON THEIR STRATEGIC PLAN FOR AMERICA
It revolves around managing reality for those that can not or choose not to manage reality for themselves.
Does not say much for the intelligence and education of the grass roots party base.
The #GOP said cut taxes, to grow the economy and create jobs:
- >10 years of George W. Bush tax cuts & extensions and no job creation!
The #GOP says job crushing regulation is creating uncertainty for small business(s) and entrepreneurs:
- All while congress fails to perform their constitutional role of legislative/regulatory oversight.
- Instead congress deregulates the financial services industry and allow Wall Street to cause the greatest recession since 1929.
- Rather than properly staff and fund remaining oversight agencies they withdraw support for oversight any oversight.
Today we hear loud and clear, lower taxes and less government regulation create certainty in order that small business(s) entrepreneurs will create jobs.
Eyes wide open people, what nice things has this policy brought to us in the past 12 years? Do you really want to repeat it, again and again, and again?
GOP LEADERSHIP ACTIONS SEEK OUTCOMES BASED ON THEIR STRATEGIC PLAN FOR AMERICA
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
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
Saturday, June 4, 2011
Presidential & Congressional Election of the Century - 2012-2
In 1791 a bank was created to handle the financial needs and requirements of the central government of the newly formed United States, which had previously been thirteen individual states with their own banks, currencies, financial institutions, and policies.
The charter was set for a 20-year expiration date.
According to Wikipedia: " "The First Bank of the United States", was proposed and brought into being under the support of the first Secretary of the Treasury Alexander Hamilton. Along with establishing a mint and an excise tax, the purpose of Hamilton's proposed bank was to:
There were also arguments that the creation of such a bank violated the Constitution, which did not list the creation of a Bank of the United States or of a government mint, for that matter, among the expressed powers allowed to the federal government.
Politics got in the way of this first bank of the United States and it's charter was not renewed by Congress.
In 1816, the Second Bank of the United States was chartered in 1816, by many of the same congressmen who in 1811 had refused to renew the charter of the original Bank of the United States. Subsequent to the War of 1812, the U.S. experienced severe inflation and had a hard time financing the government as the credit and borrowing status of the United States were at their lowest levels since its founding.
Like the First Bank, the Second Bank was also chartered for 20 years, and also failed to have its charter renewed. It existed for 5 more years as an ordinary bank before going bankrupt in 1841.
In 1863 and 1864 the National Banking Acts were passed by congress. These two federal laws established a system of national charters for banks, and created the United States National Banking System we have today. It helped develop our national currency backed by bank holdings of U.S. Treasury securities and established regulations of nationally chartered banks. The legacy of the Act is its impact on the national banking system as it stands today and its support of a uniform U.S. monetary policy.
One hundred and forty eight (148) years later, we have the same argument taking place about over regulated private industry.
And seek transparency for the actions and activities of the Federal Reserve.
Since there is unprecedented power in today's political and banking systems we need regulation and oversight on both our private industry and our politicians.
Every Vote Matters!
Especially When Politicians Try to Suppress the Vote!
Voting has Consequences! Not Voting has Consequences!
.
The charter was set for a 20-year expiration date.
According to Wikipedia: " "The First Bank of the United States", was proposed and brought into being under the support of the first Secretary of the Treasury Alexander Hamilton. Along with establishing a mint and an excise tax, the purpose of Hamilton's proposed bank was to:
- Establish financial order, clarity and precedence in and of the newly formed United States.
- Establish credit—both in country and overseas—for the new nation.
- To resolve the issue of the fiat currency, issued by the Continental Congress immediately prior to and during the United States Revolutionary War—the "Continental"."
There were also arguments that the creation of such a bank violated the Constitution, which did not list the creation of a Bank of the United States or of a government mint, for that matter, among the expressed powers allowed to the federal government.
Politics got in the way of this first bank of the United States and it's charter was not renewed by Congress.
In 1816, the Second Bank of the United States was chartered in 1816, by many of the same congressmen who in 1811 had refused to renew the charter of the original Bank of the United States. Subsequent to the War of 1812, the U.S. experienced severe inflation and had a hard time financing the government as the credit and borrowing status of the United States were at their lowest levels since its founding.
Like the First Bank, the Second Bank was also chartered for 20 years, and also failed to have its charter renewed. It existed for 5 more years as an ordinary bank before going bankrupt in 1841.
In 1863 and 1864 the National Banking Acts were passed by congress. These two federal laws established a system of national charters for banks, and created the United States National Banking System we have today. It helped develop our national currency backed by bank holdings of U.S. Treasury securities and established regulations of nationally chartered banks. The legacy of the Act is its impact on the national banking system as it stands today and its support of a uniform U.S. monetary policy.
One hundred and forty eight (148) years later, we have the same argument taking place about over regulated private industry.
And seek transparency for the actions and activities of the Federal Reserve.
Since there is unprecedented power in today's political and banking systems we need regulation and oversight on both our private industry and our politicians.
Every Vote Matters!
Especially When Politicians Try to Suppress the Vote!
Voting has Consequences! Not Voting has Consequences!
.
Friday, June 3, 2011
Presidential & Congressional Election of the Century - 2012-1
In 1789 under our new government the country found itself with $54 million in debt as the previous form of government under the Articles of Confederation had been unable to levy taxes; it had borrowed money to meet expenses, and the states had amassed an additional $25 million in debt.
The first Secretary of the Treasury, Alexander Hamilton, urged the consolidation of state and national debt into a single debt that would be funded by the federal government. Congress approved these measures in June and July of 1790.
Alexander Hamilton sought to use this debt to create a financial system that would promote American prosperity and national unity; he instituted a luxury tax on Whiskey. And the whiskey excise act, sometimes known as the "Whiskey Act", became law in March 1791.
What stirred and brewed over the next years today is known as the "Whiskey Rebellion" . The insurrection collapsed as the army of the United States of America marched into western Pennsylvania in October 1794.
Every Vote Matters!
Especially When Politicians Try to Suppress the Vote!
Voting has Consequences! Not Voting has Consequences!
.
The first Secretary of the Treasury, Alexander Hamilton, urged the consolidation of state and national debt into a single debt that would be funded by the federal government. Congress approved these measures in June and July of 1790.
Alexander Hamilton sought to use this debt to create a financial system that would promote American prosperity and national unity; he instituted a luxury tax on Whiskey. And the whiskey excise act, sometimes known as the "Whiskey Act", became law in March 1791.
What stirred and brewed over the next years today is known as the "Whiskey Rebellion" . The insurrection collapsed as the army of the United States of America marched into western Pennsylvania in October 1794.
Every Vote Matters!
Especially When Politicians Try to Suppress the Vote!
Voting has Consequences! Not Voting has Consequences!
.
Saturday, January 1, 2011
A John Boehner Likeness
No disrespect to the man personally but every time I hear him, or any Republican Politician say to us that they know what the American People want, need, desire and that they carry out the will of the American people......
You are hearing a systematically organized one of this kind Republican Party (GOP) Circus Freak Show
I hear and see an old time Carnival Barker, from the PT Barnum Circus freak show.
The first systematically organized one of this kind Circus Freak Show was contained in "P.T. Barnum's Great Traveling Museum, Menagerie, Caravan and Hippodrome".
There were countless imitations which followed in its wake habitually featured the same classic attractions, including the giant, the bearded lady, the fat lady, the midget, the three-legged boy, the armless wonder and the thin man.
You are hearing a systematically organized one of this kind Republican Party (GOP) Circus Freak Show
I hear and see an old time Carnival Barker, from the PT Barnum Circus freak show.
The first systematically organized one of this kind Circus Freak Show was contained in "P.T. Barnum's Great Traveling Museum, Menagerie, Caravan and Hippodrome".
There were countless imitations which followed in its wake habitually featured the same classic attractions, including the giant, the bearded lady, the fat lady, the midget, the three-legged boy, the armless wonder and the thin man.
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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!