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Left And Right Politics

…plus the cream in the center.

Obama And Congress Scramble To Find Money For Tax Cuts

Posted by Billy On January - 16 - 2012

This week Congress returns to work after their three week undeserved vacation. So now it’s time for them to dig their heels down and find money to support the tax cuts that Obama and friends want to continue keep in place to help get the vote they need to win this year’s election.

There are many ideas that are being floated around Washington, but the one idea that is being avoided is the one that many Libertarians and Conservatives are calling for for years. It’s the idea of cutting many programs that are not the responsibility of the federal government. It’s gotten to the point that the federal government has funded so many programs that can no longer be funded. The real issue is how many of those programs should not have ever been put in place to begin with (but that’s for another post).

There are many programs that can be dismantled and/or eliminated to lower the cost of running this country. The biggest problem America is facing when talking about the deficit or the debt ceiling is the fact that Washington is spending way too much. Instead they want to play the number game and say they’re going to cut spending over a ten year period. I laymen terms that means they will cut back on future projected spending.

Let’s look at it this way, the federal government spent $3.5 trillion in 2010 and according to the most recent available tax revenue information (2007), only collected $2.4 trillion in taxes (after refunds). Washington is already spending more than it collects. Add on to the fact that there are other programs that politicians want to have funded in the future. Let’s say they “plan” to spend an extra $300 billion each year for the next ten years, in that case they would be spending another three trillion dollars on top of the already $3.5 trillion. So now they say they just “cut” $500 billion dollars. What that really means is that now they expect to spend only an extra $250 billion dollars each year on top of what they are doing already.

The federal government has been doing nothing but growing for the past few decades and on the path they (politicians) are going, it will continue to grow. Don’t be one of the many that fall for the creative accounting practices of our politicians. Wake up and see for yourself that this country is already bankrupt. the only reason we are still operating is because China and other countries are still willing to buy our debt. Once they stop buying our treasury bonds, it will be over for America.

The ONLY way to get the deficit and the debt under control is to reduce current spending. Yes it’s not going to be easy for the American citizen to do it, but the alternative is not a pretty site what-so-ever.

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A Letter From Senator Bill Nelson

Posted by Billy On August - 12 - 2011

I received an e-mail from Senator Bill Nelson (D-Fl) informing his constituents of how serious he is about staying away from the mud-slinging and bad talking about the “other” political party. He does say that it’s both the Republicans as well as the Democrats that are responsible for the problems in America.

Here is the letter he sent out to the people in his district, followed by the response I sent to him.

After watching Standard & Poor’s performance in the Enron and housing debacles, it’s hard to stomach their decision to downgrade America’s credit.

But even coming from S&P, there is a message we should hear: The finger pointing and hyper-partisanship has to stop. If it doesn’t, we really will be on the road to ruin.

Democrats need to see tea partiers as something other than debt-limit hostage-taking Republicans. And Republicans need to see President Barack Obama and Democrats as something other than big-spending socialists.

We’ve got to stop this attack madness. We have to bring civility back to the public square. We have to put the country back on the path to fiscal sanity.

To do that, we need to cut some $4 trillion to $5 trillion. We made a down payment on this with the $2 trillion dollars we cut just last week. Now we need to go further.

To understand what we have to do, though, we first need to look at how we got here.

We went from a $236 billion budget surplus in 2000 to a $1.3 trillion deficit last year — and a record $14 trillion debt. A huge chunk of the debt comes from the wars in Iraq and Afghanistan. We’re bringing the troops home.

Another significant piece stems from the Bush-era tax cuts. Warren Buffett, chairman and chief executive officer of Berkshire Hathaway, says the tax cuts for the wealthy should be left to expire. They’re set to do so at the end of next year. We should let that happen.

Agree or not, don’t you think most Americans were better off before the tax cuts than they are now?

Much of the rest of the debt comes from the economic downturn since 2008.

That brings us to today. And there’s no mystery about what we have to do. It’s just common sense. In addition to the spending cuts Congress just made, we need tax reform.

And by tax reform, I mean closing loopholes, special interest tax breaks and corporate subsidies. It’s just plain wrong to be protecting tax breaks for oil companies and to be rewarding businesses that ship jobs overseas.

As chairman of the Senate Finance Committee’s Fiscal Responsibility and Economic Growth Subcommittee, I’ve scheduled a hearing for early September to investigate closing many of these loopholes. Doing so will likely generate $2 trillion over the next decade. Add that to the $2 trillion in spending cuts we’ve made — and we’re in the $4 trillion range that we need to hit.

It’s time to stop the shouting and bickering and political attacks. It’s time to show the world that America can take care of business.

Sen. Bill Nelson (D-Fla.) is a member of the Senate Finance and Budget committees.

Senator,

The piece that you wrote for Politico is nothing but a poor attempt to convince me to vote for you next year. I will tell you that that will never happen.

Your attempt to lie to the American people about the so-called surplus in 2000 is just something else for me to tell my neighbors and friends about when they ask me for my political advice. The surplus you refer to was nothing more than a projected number if nothing in the equation would change. You know damn well that politicians, both Republicans and Democrats alike, do nothing to stop the spending of our tax dollars.

As for the $2 million you say that Congress just cut is also a lie. Again you cut money from the projected spending that you guys would like to do in the future. It’s like me saying I saved $90,000 this year since I wanted to spend $150,000 next year and will only spend $60,000. Of course I only make $60,000 a year, but that doesn’t matter since I saved $90,000 from “cutting” my spending.

It’s politicians like yourself that has ruined this country and too bad we are left to deal with you and your type forever since there is no term limits for you Senators and Congressman.

If you want to get my vote, pass a term limit bill before your next five weeks vacation that you and your fellow politicians don’t deserve. You civic service was never meant to be a career.

As for tax reform, absolutely we need tax reform. Let’s get it all over with and enact the Fair Tax Plan and get rid of the IRS. If it wasn’t for taxes, you guys would have nothing to use to get the different classes of people mad at each other which takes the focus off of the crap you and the others are doing in Washington DC. There are two classes in this country, the citizen class and the political class.

As for your last section where you state, “It’s time to show the world that America can take care of business.”, You are so right and for us as a country to do that, we need to clean out the House and the Senate of all politicians that have held the office for more than 6 years. Working along side of GOOOH.com (Get Out Of Our House) we are working to make that happen.

In closing, I want to thank you for your time in sending out this e-mail to remind me and my fellow readers/subscribers and countrymen of what’s important to America.

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