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I haven't made a political post in a long, long time.

I'd make one now, except just thinking about it depresses me. I was not happy about the results of the midterm, needless to say... and I am even less happy, if possible, about this "compromise" that Obama has made with the GOP on taxes. From where I sit, it smells more like capitulation than compromise. Give a lot, get almost nothing.

Obama is the most intelligent president we've had since Jimmy Carter... and, sad to say, he is looking more and more like Jimmy every day. A good man, but not a good leader. At least not so far. He doesn't seem to have the stomach for a fight. We need another FDR, another JFK, another LBJ. NOT Jimmy II. (And, yes, I know, Obama has accomplished some important stuff. But so did Jimmy. Camp David accords, remember?)

Yeats was writing about his own time in "The Second Coming," I know, but sometimes I think he was prescient:

Turning and turning in the widening gyre
The falcon cannot hear the falconer;
Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are full of passionate intensity.

And could that rough beast whose hour has come round at least be... Sarah Palin?

No, please. Tell me that's just a bad dream. Somebody wake me up.



Dec. 16th, 2010 02:11 pm (UTC)
Re: Actually
Okay mobeus, no intellectual dishonesty here, here is your link:


Bush cut taxes in 2003 in which the federal government had revenue of 1.782 trillion

In 2004, after the cuts, the feds had revenue of 1.88 trillion. Significantly lower tax rates, yet more revenue. Is this a credible source for you?

Remember, Bush did not cut taxes his first year. Some people think he did, he didn't.


That is the bill known as the "Bush Tax Cuts"

In 2001 Bush tried a stimulus, like Obama did in 2009, that gave a tax rebate advance to people making certain incomes among other things, it failed to help the economy, like Obama's in 2009. Don't confuse that law, with the tax act of 2003. It is ironic how similar the two presidents ended up being on this isn't it? Both tried a stimulus program first.

You can argue all day what "Woulda coulda shoulda" been if Bush hadn't cut taxes, and say we would have made more money anyways or something, tax cuts had nothing to do with it, except you'd be disagreeing with every economist on the planet that says more money in the economy increases economic growth, and, you STILL wouldn't be helping your point that Bush's cuts added to the deficit, because they didn't.

I think sometimes if these were the Gore Cuts of 2003 and otherwise exactly the same there wouldn't be such animosity. I think hatred of George Bush carries over to everything he touched. I'm sure his increase in aid to Africa would likely also be lamblasted somehow.

You are right Mobeus that everyone who works pays FICA taxes, however that does not dispute my point that the bottom 40% pays no income tax and does not support the federal government. Entitlement programs are outside of the regular budget. Social Security isn't really a tax, it is a forced retirement savings program. The reason it is capped at a certain income is that it is capped in benefits as well. That is the way FDR designed it. Medicare taxes, by the way, is uncapped.

You are right, a person who makes 2 million in regular income will not pay SS on 95% of it. But he will pay over $800,000 in taxes, so don't act like he isn't paying "his fair share."

Additionally consider the small business owner mobeus. Who has to pay both the employee and employer's share of FICA. Thus doubling the tax rate to about 15%, or just consider the income limit doubled. So a small business owner who makes $250k a year actually is going to pay SS FICA taxes on $212k of income, and medicare on potentially all of it, twice. Ouch. And he ends up in the highest tax bracket, and most deductions (child, studen loan interest, etc) phase out for him too. Making his effective rate pretty high.

I'm sure if the tax law was written for the $2 million a year people you mention it would have far less opposition, too bad it isn't.

You said "Corporations refusing to hire/loan so others can hire are currently sitting on tremendous cash hoards given them by the Government's grace" which I find offensive. Money a business or individual earns is only theirs by government grace? That explains your attitude as a tax raised. All money earned in the US is the property of the government, and letting the person who earned it keep more of it is government spending that must be justified, and if that entity is "rich" or a business it is a gift or a giveaway. I hold the position that what I earn is mine, and anything I give to the government is a giveaway. Not the other way around.


George R.R. Martin
George R. R. Martin

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