May 25, 2010
Spending-Crazed Congress About to Pass Bill That Creates Billions in Taxes, Billions More in Spending, And Wrecks the Economy... Media Deathly Quiet
Hot Air posted on this, or I would have missed Keith Hennesey's deconstruction of this monstrosity entirely:
The bill:
- increases infrastructure spending by $26 B over ten years;
- extends a raft of expiring tax provisions, mostly for one year
- provides funding relief for certain employer pension plans;
- raises a bunch of taxes, mostly on businesses and a certain kind of partnership income called "carried interest;"
- extends unemployment insurance benefits, increasing federal spending by $47 B over the next two years;
- increases Medicare payments for doctors for eighteen months at a $63 B cost;
- increases health insurance subsidies for the unemployed (through "COBRA") by $8 B over the next two years; and
- increases federal Medicaid spending by $24 B for a six-month policy change.
CBO gives us the net budgetary effects of the bill over the 11-year period 2010-2020:
- $40 B net tax increase;
- $174 B spending increase;
- $134 B deficit increase.
I count at least four reasons this bill deserves the title The Hypocrisy Act of 2010.
Make certain you read the entire thing, so that you understand Nancy Pelosi's radical Democrats are ramming through yet more health care spending by cramming in and adding to provisions of Obamacare, erasing even the pretext of the lie that Obamacare saves money.
How much more of this graft, tax and spend Congressional abuse can the economy stand before imploding?
I can only hope that when all is said and done, and this nation's economy collapses under the weight of their ever-present greed, that Nancy Pelosi, Harry Reid and Barack Obama get their just desserts.
I don't understand your concern. This agenda worked very well for Greece, Spain, Portugal, Argentina, Ireland, USSR, East Germany, I could go on. So if they found this agenda to be satisfactory, then who are we to argue? I keep thinking that we need to support Obama's agenda, then maybe he will allow us to reform the old Confederacy. At least, the country will be so broke that it will not be able to stop us this time.
Posted by: David at May 25, 2010 05:31 PMDavid,
Don't worry. If the Confederacy is meant to be it will have it's chance before to long. The problem is forming it out of the chaos and finding enough common ground with our neighbors to hold it.
Capitulation is very close....
s4r
Posted by: s4r at May 25, 2010 09:17 PMIt is unraveling in a hurry. I think we need to remember those that caused it and confiscate their wealth not only to help pay for the damage but to ensure they're in the same boat as the rest of us.
Posted by: Yankeedoodle at May 26, 2010 07:00 AMTheir wealth? And far, far more! These bills represent capital crimes and treason, as well; they should "pay in full measure" according to what they have attempted to do to our country and our way of life!!!
Let's see now, how many knots in that hangman's noose?
Posted by: Earl T at May 26, 2010 12:54 PMSome people don't remember the adage, "If you don't know your history, history will repeat itself. The generation before you allowed the people we placed in power to take out, revise and dumb down our now generation. We did not teach our children or ourselves to stay involved with what is happening in our communities. Town meeting and community involvement. We put these people in power and we can take them out. We are all getting tired of "Wag the Dog politics". I don't want lip service, I want real service for my money.
Posted by: Lincoln at May 28, 2010 10:35 PMYou speak of capital crimes and treason. The wealthy bankers have our polititions in their pockets. The Federal Reserve Bank is a privately owned concern. It is NOT a government of the people. We now have prisons that are publicly traded on the stock market. You don't know the half of what is going on with the Top one per cent. We have officials who tell police officers they have a quota to make each month to keep their jobs. That the courts are putting children in private jail facilities(owned by investors) and getting kick-backs to put them their to fill up their cells. That illegal aliens are also housed in the same type of facilities and we the tax paying citizens are footing the bill to keep them there. Chew on that for a while. THEN TELL EVERYBODY YOU KNOW AND WHO THEY KNOW TO VOTE. VOTE THEM OUT. STARTING WITH NANCY P. OF CALIFORNIA. AND ANYONE ELSE IN GOVERNMENT WHO WANTS TO BREAK THE CONSTITUTIONAL LAWS AND THINK THEY CAN DO WHAT THEY PLEASE.
Posted by: Lincoln at May 28, 2010 10:53 PMDoes anyone realize that the power people (Top 1% )they only want a two party system?????Because it works for them to control you. You are conditioned from birth to believe this. Its not your fault. Like pavlovs dog you believe what the schools teach you. What they want to teach you, (the donkey and the elephant.) They are both the same. I know you dont want to believe this, it goes against all of your programing. It's true nontheless. You want change for yourself, find an independent and vote for them. That is the guy who will bring you honesty and real change. Especially if you get enough of them elected. Keep on trying to keep the foxes out of the hen houses. It's a full time job. It's your quality of life you will be protecting. We were told when we were young that we would be able to retire at 65. The powers that be now have taken that and medicare away, maybe for the rest of your life. While they retire on your blood, sweat and possibly tears. There is a song sung by Tennessee Earnie Ford "Sixteen Tons" Look it up. Then think About It.
