RSSTaxes, Taxes, Lots and Lots of Taxes
Gene Lalor | July 6, 2009
It’s bad enough VP Joe Biden suffers from foot-in-mouth disease. Now it turns out he also is reading-challenged.
The clown prince of the Obama administration 
almost daily reminds the electorate of how much better prepared and how much more articulate Sarah Palin would have been in the vice-presidency.
Still, he’s doing his assigned job for Obama by setting the stage for what most of us who voted McCain/Palin were anticipating from the get-go, namely an enormous increase in taxes and the breaking of yet another Obama vow not to increase taxes on anyone earning less than $250,000.
This president brags about how much he has accomplished in less than half a year but says little about his broken promises to the American people in that time.
Remember no jobs for lobbyists? Promise broken. Recall no earmarks? Promise broken. How about giving the citizenry a week to read legislation? Promise broken. Then there were ending politics as usual, bi-partisanship, transparency? All promises broken with nary a word of apology from the Obamassiah.
Biden was setting us up for the most humungous tax increase 
in the history of the republic when he babbled that Washington’s new geniuses “misread the economy.” Don’t blame us, dammit, everyone else did too! It’s all Bush’s fault.
The Heritage Foundation wonders whether they “misread” those 150,000 jobs last month as well since no one has seen hide nor hair of them: http://bit.ly/q6ikw
The truth of the matter is that the boy wonder, Treasury Secretary Geithner, and Obama knew all along their economic model could not sustain itself. With apologies to the late Senator Everitt Dirksen, when you spend a trillion here, a trillion there, pretty soon it adds up to big money.
And BIG Money, taxpayer money, is what this administration is all about. To get the vote of the downtrodden and the stupid, Obama vowed to soak the rich and let the poor skate. Well, the poor will continue to skate; most of them don’t pay taxes anyway and the recently-finagled Cap and Trade farce will distribute more of America’s wealth to them.
The trouble is, one trouble, anyway, is that there aren’t 100 million “rich” to soak. As always, the bulk of the money needed because of the “misreading” of the economy will be sucked out of the wallets of the hapless middle class.
As it is, the “rich” are now paying an inordinate amount of America’s taxes but that won’t be nearly enough anymore to pay for Obama’s spending schemes.
(See “Gimme Your Wallet,” http://www.genelalor.com/blog1/?p=553, for who pays what in this country.)
So, just forget that $250,000 threshhold. Try $150,000, then $100,000, maybe even $50,000 as the new jumping off point for higher taxes. And, we’ll still be in a financial pickle with Obama’s trillion-dollar health care joke still in the hopper.
One minimal bright spot is that even Colin Powell has awakened to the state of that pickle after supporting and voting for Barack Obama and his plans to raid the treasury. Powell had a Eureka! moment last Friday when he said, “We can’t pay for it all,” http://bit.ly/11cUcg.
As Gomer Pyle 
might have said, “Well, gollee! No sh*t, Sherlock!” Only nitwits were unaware of that eight months ago when they pulled that lever or pressed that button for Obama.
Let’s hope that one Brit article is wrong. Said article, “US Lurching Toward ‘Debt Explosion’ with Long-Term Interest Rates on Course to Double,” http://bit.ly/6NlAC.
Basing its findings on a 2003 study by our own Federal Reserve Bank and factoring in today’s numbers, the future would be bleak. Should that dismal scenario unfold, which it is likely to, batten down the hatches.
The article employs such words as “crisis” and “horrifying” and phrases such as, “rising fiscal deficits and soaring national debt” and “the debt could just explode.”
Explosions are rarely good.
No worries, though. It’s all Bush’s fault, anyway.
Contributor's website: http://www.genelalor.com/
Taxes, Taxes, Lots and Lots of Taxes
Gene Lalor | July 6, 2009
It’s bad enough VP Joe Biden suffers from foot-in-mouth disease. Now it turns out he also is reading-challenged.
The clown prince of the Obama administration almost daily reminds the electorate of how much better prepared and how much more articulate Sarah Palin would have been in the vice-presidency.
Still, he’s doing his assigned job for Obama by setting the stage for what most of us who voted McCain/Palin were anticipating from the get-go, namely an enormous increase in taxes and the breaking of yet another Obama vow not to increase taxes on anyone earning less than $250,000.
This president brags about how much he has accomplished in less than half a year but says little about his broken promises to the American people in that time.
Remember no jobs for lobbyists? Promise broken. Recall no earmarks? Promise broken. How about giving the citizenry a week to read legislation? Promise broken. Then there were ending politics as usual, bi-partisanship, transparency? All promises broken with nary a word of apology from the Obamassiah.
Biden was setting us up for the most humungous tax increase in the history of the republic when he babbled that Washington’s new geniuses “misread the economy.” Don’t blame us, dammit, everyone else did too! It’s all Bush’s fault.
The Heritage Foundation wonders whether they “misread” those 150,000 jobs last month as well since no one has seen hide nor hair of them: http://bit.ly/q6ikw
The truth of the matter is that the boy wonder, Treasury Secretary Geithner, and Obama knew all along their economic model could not sustain itself. With apologies to the late Senator Everitt Dirksen, when you spend a trillion here, a trillion there, pretty soon it adds up to big money.
And BIG Money, taxpayer money, is what this administration is all about. To get the vote of the downtrodden and the stupid, Obama vowed to soak the rich and let the poor skate. Well, the poor will continue to skate; most of them don’t pay taxes anyway and the recently-finagled Cap and Trade farce will distribute more of America’s wealth to them.
The trouble is, one trouble, anyway, is that there aren’t 100 million “rich” to soak. As always, the bulk of the money needed because of the “misreading” of the economy will be sucked out of the wallets of the hapless middle class.
As it is, the “rich” are now paying an inordinate amount of America’s taxes but that won’t be nearly enough anymore to pay for Obama’s spending schemes.
(See “Gimme Your Wallet,” http://www.genelalor.com/blog1/?p=553, for who pays what in this country.)
So, just forget that $250,000 threshhold. Try $150,000, then $100,000, maybe even $50,000 as the new jumping off point for higher taxes. And, we’ll still be in a financial pickle with Obama’s trillion-dollar health care joke still in the hopper.
One minimal bright spot is that even Colin Powell has awakened to the state of that pickle after supporting and voting for Barack Obama and his plans to raid the treasury. Powell had a Eureka! moment last Friday when he said, “We can’t pay for it all,” http://bit.ly/11cUcg.
As Gomer Pyle might have said, “Well, gollee! No sh*t, Sherlock!” Only nitwits were unaware of that eight months ago when they pulled that lever or pressed that button for Obama.
Let’s hope that one Brit article is wrong. Said article, “US Lurching Toward ‘Debt Explosion’ with Long-Term Interest Rates on Course to Double,” http://bit.ly/6NlAC.
Basing its findings on a 2003 study by our own Federal Reserve Bank and factoring in today’s numbers, the future would be bleak. Should that dismal scenario unfold, which it is likely to, batten down the hatches.
The article employs such words as “crisis” and “horrifying” and phrases such as, “rising fiscal deficits and soaring national debt” and “the debt could just explode.”
Explosions are rarely good.
No worries, though. It’s all Bush’s fault, anyway.
Contributor's website: http://www.genelalor.com/
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