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Thoughts on HR1586 August 11, 2010

Posted by Ken in Education, Health Care, Politics, Taxation.
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Congress took money from defense, food stamps, and will tax Americans working overseas (for 10 years!) to pay for “teacher jobs” and propping up Medicare… First off, why did it take TEN YEARS of cuts and sacrifices by Americans before this bill is deficit neutral? Second, I thought we had a few wars going on, why cut BILLIONS from defense? Third, I thought Medicate was the wonderful example of Gov’t healthcare, why must it be bailed out (for six months of benefits, paid for with 10 years of taxes)? And finally, who thinks that cutting food stamp payments in 2014 (rolling them back to ‘pre-stimulus’ levels, AKA 2008 levels) is the best way to restore a couple of teacher jobs?

Once this bill is understood (BTW, love the name “___________ of __________”), many on the left will join the right in opposing it.

What gets lost in the discussion is that this bill took the place of the ” TARP Bailout Bonus” clawback taxes AND the investment in Air Safety initiatives that were the previous bills under this number (H.R. 1586) – both bills were scrapped to get this pandering POS bill on Obama’s desk ASAP, before elections…

How many teacher’s jobs will this restore? I bet almost none, since the money won’t come until after school starts, expect to see a lot of federally-funded programs that don’t involve re-hiring teachers… And what happens to any teachers hired this year under this bill? Will states suddenly find the hundreds of millions they need to retain them next year?

This is like taking out a ten year loan on this seasons NFL Season Pass on satellite TV – it seems like a good idea, but wait until the season is over and you still have 9 1/2 years of payment stubs before you’ve paid it off!

The Appearance of Fairness August 8, 2010

Posted by Ken in Politics, Taxation.
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A little reminder from the 2008 Presidential Election – (then) Senator Obama clearly said that he was willing to raise tax rates despite a history that shows it is counter-productive, for the sake of the appearance of fairness… Does he still think that is a useful strategy? (I choose this clip despite it’s few snarky comments from the poster since it includes the complete question and (then) Senator Obama’s complete answer – no Sherrod-treatment here!)

Thinking about the National Debt July 27, 2010

Posted by Ken in Politics, Taxation.
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After my post yesterday based on a chart provided by a friend last year, I’ve been thinking about the numbers, and they simply don’t add up. My initial question has to do with the oft-cited surplus President Clinton left behind at the end of his second term, $236 Billion. First off, let me say I will stipulate that this amount of money was “left over” after all revenues were collected and all expenses met that year, FY2000. Looking a bit deeper we see that the national debt stayed at $5.6 Trillion from FY1999 through FY2000 – but that’s my problem, why didn’t National Debt get reduced by $236 Billion, to $5.364 Trillion? Let me explain… (more…)

Budget Neutral, Revenue Neutral December 13, 2009

Posted by Ken in Politics, Taxation.
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In the current Health Care Reform debate raging across America, two terms are being used as if they were synonyms – “Budget Neutral” and “Revenue Neutral” – nothing could be further from the truth. (more…)

Sen. Harry Reid ignores history, blasts opponents December 8, 2009

Posted by Ken in Health Care, Politics, Taxation.
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From a FoxNews.com report:

Senate Majority Leader Harry Reid took his GOP-blasting rhetoric to a new level Monday, comparing Republicans who oppose health care reform to lawmakers who clung to the institution of slavery more than a century ago. 

The Nevada Democrat, in a sweeping set of accusations on the Senate floor, also compared health care foes to those who opposed women’s suffrage and the civil rights movement — even though it was Sen. Strom Thurmond, then a Democrat, who unsuccessfully tried to filibuster the Civil Rights Act of 1957 and it was Republicans who led the charge against slavery.

As his popularity in his home district plummets, maybe Senator Reid thinks the way to rally the actual majority of Americans that oppose this particular Health Care Reform bill (H.R. 3590) is to insult them. Good luck with that Senator.

Here is the video:

Here’s a flashback to a time when Harry Reid thought taxes were optional in America: