Scattered Thoughts . . .

Late last night I read another article stating that this new 'Cut, Cap and Balance' legislation will also eliminate some tax loop-holes that have been used and abused for years.  That is good news, but it is not enough to correct this current budget problem nor does it make up for "cutting and capping" programs allowing those in need to survive.  The cuts they have approved which impact the poorest, disabled, and neediest still overshadow any good whatsoever and are a terrible crime. The article also mentioned that no tax rates under this new legislation will be above 29%...  I bet those with the money to pay will not be paying anywhere near 29%!  Only those making little money, with no deductions, no exemptions will be paying that.  So, it will be those whom cannot afford to pay 29% (single guys with no dependents with new, relatively low-paying jobs) that will more than likely be paying 29%.  Wouldn't it be more effective to be collecting this kind of money fro

Well...   it appears as though the worst case scenario is happening just as I suspected.  The House passed legislation approving a revised national budget which they are calling "Cut, Cap and Balance".  Here is a quote from an Associated Press article written by David Espo: "It calls for deficit cuts of slightly less than $4 trillion over a decade and includes steps to slow the growth of Social Security payments, cut at least $500 billion from Medicare, Medicaid and other health programs and wring billions in savings from programs across the face of government." As I stated in my previous posts, deepening cuts in our budget will only worsen our economy.  Worse yet, a plan such as this...   making $4 trillion in cuts over a decade which affect mostly the needy and poor of our country by cutting and stagnating Social Security payments, and cutting Medicare, Medicaid and other health programs...  is reckless, dangerous and will result in far bigger and more dangerou

After a few discussions with friends about my previously written article posted here, I feel I should probably clarify a few things about my proposed National Emergency Tax Plan.  The purpose of my proposal to first eliminate salaries and benefits of our elected officials on Capitol Hill as well as the pensions and benefits of those 'retired' from Capitol Hill is actually twofold. First, I feel it would be nice if, for a change, our elected officials on Capitol Hill felt some of our pain.  They always seem to be quick to cut programs affecting others, especially those in need, so it would be nice if they felt the pain for a change. If our federal government defaults on it's financial responsibilities in August, it is due to the ineptitude, ignorance and arrogance of our elected officials on Capitol Hill.  If they can't do their jobs effectively and efficiently enough for the United States to pay it's financial obligations, then we should first dip into Capitol

It looks as though Capitol Hill will again screw the poor of this country early next month. Those affected the most will be seniors, disabled and veterans. These three social groups depend heavily upon their Social Security benefits, Medicare and Medicaid. All three of these social programs are scheduled to be halted by mid-August due to the complete and utter ineptitude, ignorance and arrogance of our elected officials on Capitol Hill. The short story is that our national budget is a big mess. It was a relatively minor mess before going to war and now we are heavily engaged in multiple theaters increasing our national debt much more quickly. By the way, these same inept, arrogant elected officials for years said we would never be involved in more than one theater at a time. Anyway, whether we agree on the reasons for being involved in these theaters (which really is based upon classified info anyway, so it is not for discussion here) is irrelevant. The fact is we ARE involved and we