Wednesday, December 08, 2010
Working Poor Can Not Pay Any More
For the Congress and President Obama to pass an extension on all of the Bush Tax cuts and to extend the unemployment benefits beyond the 99 week period is insanity of a totally dysfunctional government. Durning the last ten years of the Bush Tax cuts our national debt has more than doubled durning times of artificially low interest rates. With the greatest amount of wealth in the United States being held by the smallest percent of people since the 1930’s. There is a great disconnect between Pennsylvania Ave. / Wall Street and Main Street USA. So if you think it is unfair for somebody like Derek Jeter who just signed a fifty-one million dollar three year contract with the New York Yankees to pay a higher rate than somebody making four-hundred thousand dollar a year. Than do not complain when your cable bill goes up or any of the products that you buy that are made by the companies that are sponsors of the very high paid sport stars.
With our federal government borrowing more money from the international monetary system to continue two endless wars (Iran, Afghanistan) whose total cost are unknown while being the volunteer military police of the world. The United States having a military presence in over one-hundred and twenty nations including some of the nations that were formally part of the Soviet Union. So call non provoking War games in the China Sea right off the coast of North Korea. The United States continuing to sell more military weapons to more nations than any other nation in the world. With the Kingdom of Saudi Arabia buying sixty-five billion dollars of United States made military weapons. While the United States government is giving the State of Israel approximately three billion dollars of military aid annually as well as billions in humanitarian aid.
Unemployment in the United States running over 9.5% for over a year and half with many government economists and Wall Street players saying the so called recession is over in the United States. The Federal National Debt USDebt.png 1912×978 pixels http://cedarcomm.com/~stevelm1/USDebt.png spiraling out of control with no end in sight. Where most of the American people have only seen two years of a Federal balance budget (The last two years of President Clinton) during their life time. It was President Reagan and President Bush tax cuts that created the upward spiral to the out of control of the United States National Debt. Grant it, Federal taxes were far to high when the Reagan administration cut them from eighty percent for the highest American money makers. Today you can make millions or billions of dollars in long term unearned capitol gains and only pay fifteen percent.
It is very confusing why so many of the working class conservatives support the Bush Tax cuts for the people making more than a million dollars a year and so against having a safety net for those working class poor American people who are down and out on their luck. No more big government is not the answers to all of our problems neither is no government at all. There has to be a balance between Big Government and Big Business so that the best interests of the American people as a whole are protected. The question be comes do we go back to a tax system than looks more like the pre-Bush tax cut era when we had a federal budget closer to being in balance or a complete and total overhaul of the whole tax system. The latter will take a complete and total breakdown of the system before it will be agreed too and implemented.
With our federal government borrowing more money from the international monetary system to continue two endless wars (Iran, Afghanistan) whose total cost are unknown while being the volunteer military police of the world. The United States having a military presence in over one-hundred and twenty nations including some of the nations that were formally part of the Soviet Union. So call non provoking War games in the China Sea right off the coast of North Korea. The United States continuing to sell more military weapons to more nations than any other nation in the world. With the Kingdom of Saudi Arabia buying sixty-five billion dollars of United States made military weapons. While the United States government is giving the State of Israel approximately three billion dollars of military aid annually as well as billions in humanitarian aid.
Unemployment in the United States running over 9.5% for over a year and half with many government economists and Wall Street players saying the so called recession is over in the United States. The Federal National Debt USDebt.png 1912×978 pixels http://cedarcomm.com/~stevelm1/USDebt.png spiraling out of control with no end in sight. Where most of the American people have only seen two years of a Federal balance budget (The last two years of President Clinton) during their life time. It was President Reagan and President Bush tax cuts that created the upward spiral to the out of control of the United States National Debt. Grant it, Federal taxes were far to high when the Reagan administration cut them from eighty percent for the highest American money makers. Today you can make millions or billions of dollars in long term unearned capitol gains and only pay fifteen percent.
It is very confusing why so many of the working class conservatives support the Bush Tax cuts for the people making more than a million dollars a year and so against having a safety net for those working class poor American people who are down and out on their luck. No more big government is not the answers to all of our problems neither is no government at all. There has to be a balance between Big Government and Big Business so that the best interests of the American people as a whole are protected. The question be comes do we go back to a tax system than looks more like the pre-Bush tax cut era when we had a federal budget closer to being in balance or a complete and total overhaul of the whole tax system. The latter will take a complete and total breakdown of the system before it will be agreed too and implemented.
