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Left And Right Politics

…plus the cream in the center.

The Tax Poem

Posted by Billy On September - 4 - 2011

The Tax Poem.
(this is long but worth the time to read).

Tax his land,
Tax his bed,
Tax the table
At which he’s fed.

Tax his tractor,
Tax his mule,
Teach him taxes
Are the rule.

Tax his work,
Tax his pay,
He works for peanuts
Anyway!

Tax his cow,
Tax his goat,
Tax his pants,
Tax his coat.
Tax his ties,
Tax his shirt,
Tax his work,
Tax his dirt.

Tax his tobacco,
Tax his drink,
Tax him if he
Tries to think.

Tax his cigars,
Tax his beers,
If he cries
Tax his tears.

Tax his car,
Tax his gas,
Find other ways
To tax his ass.

Tax all he has
Then let him know
That you won’t be done&nbs p;
Till he has no dough.

When he screams and hollers;
Then tax him some more,
Tax him til
He’s good and sore.

Then tax his coffin,
Tax his grave,
Tax the sod in
Which he’s laid.

Put these words
Upon his tomb,
‘Taxes drove me
to my doom…’

When he’s gone,
Do not relax,
Its time to apply
The inheritance tax.

Accounts Receivable Tax
Airline surcharge tax
Airline Fuel Tax
Airport Maintenance Tax
Building Permit Tax
Cigarette Tax
Corporate Income Tax
Death Tax
Dog License Tax
Drivng Permit Tax
Excise Taxes
Federal Income Tax
Federal Unemployment (UI)
Fishing License Tax
Food License Tax
Gasoline Tax ( too much per litre)
Gross Receipts Tax
Health Tax
Hunting License Tax
Hydro Tax
Inheritance Tax
Interest Tax
Liquor Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Mortgage Tax
Personal Income Tax
Property Tax
Poverty Tax
Prescription Drug Tax
Property Tax
Provincial Income Tax
Real Estate Tax
Recreational Vehicle Tax
Retail Sales Tax
Service Charge Tax
School Tax
Telephone Federal Tax
Telephone Federal, Provincial and Local Surcharge Taxes
Telephone Minimum Usage Surcharge Tax
Vehicle License Registration Tax
Vehicle Sales Tax
Water Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax

Not one of these taxes existed 100 years ago, and our nation
was one of the most prosperous in the world.

We had absolutely no national debt, had a large middle-class,
and Mom stayed home to raise the kids.

What in the hell happened? Can you spell ‘politicians?’

There is just too much government spending to justify all these taxes.

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Fannie And Freddie Are Looking For More Handouts

Posted by Billy On August - 10 - 2011

That’s right the government sponsored mortgage entities are looking to borrow more money from the tax payers of America. Only hours after being downgraded by standard and Poors on Monday, Fannie Mae and Freddie Mac announced that they would need to ask for a $1.5 billion injection to help balance their books. I am not surprised at the fact that these two businesses (I use that word loosely) can not pay their obligations to the debt holders, the American tax payer. To add insult to injury, they want to take more from the same people who have been keeping them afloat for the last three years.

Both of these companies have been poorly run and not regulated properly for the past 10-15 years. It’s only in the last three years that all the dirt is being revealed. Barney Frank and Chris Dodd started the ball rolling in 1995 drafting a bill, The Fair Housing Act, later signed by president Clinton. The bill was meant to help lower income families to get a mortgage to buy a home. Unfortunately, the politics of Washington strong-armed the mortgage industry into approving just about anyone who wanted a mortgage, even if they couldn’t even afford the down payment and/or the monthly payments. Of course many of the issues didn’t really kick into high gear until years later when more and more people started to realize how easy it was to get a home without any money down and with low interest rates (for the first 2-3 years). Adjustable rate mortgages (ARM) started to pop-up throughout the United States. All of these factors added to the entire housing market collapse as well as the financial situation with both Fannie and Freddie.

In the last three years, Fannie Mae and Freddie Mac have received over $170 billion and they are no where near getting their heads above water. There is so much leverage within the financial/housing market that it will takes years to correct. Because of that reason, the federal government can not just close the doors on Fannie and Freddie. It would cause major declines in the housing market throughout the country as well as causing the interest rates to skyrocket out of control.

Plans have to be made to start transferring the assets of these two government subsidized programs to the private sector. It’s not something that can be done immediately, it will take 5-7 years to do so, but the idea is to start now so in a few short years America’s housing market will be stable again and more in line to how the mortgage industry needs to be operated.

With private companies running the show, stricter rules will be in place to manage the mortgages as the qualification to getting one. Owning a home should be looked at as a benchmark of a person/family’s success, not as a right to own one because you exist. When the federal government is involved, it becomes more of a political tool to help get a candidate or a particular party into office. Washington has never operated as a business and I doubt they would know how to in the first place.

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So When Do The Jobs Start?

Posted by Billy On August - 3 - 2011

After thirty months in office, president Obama is saying that he is focused on creating jobs in America. The odd thing about that is the fact that he’s been saying that since he was on the campaign trail. So what’s different now than three years ago?

The whole idea (according to Obama) of getting the debt ceiling raised was to stop the country from defaulting on it’s loans as well as creating more jobs in this country. I find that hard to believe since one of the first things he did when he was sworn into office was to get an almost $1 trillion stimulus bill passed to do the same thing. Yes I know he tells us that the stimulus bill created or saved two million jobs. Analysts have looked into the facts of jobs created from the stimulus and it’s way lower than what the Obama administration has been reporting.

As you can see the stimulus and anything else that the administration is doing hasn’t created any jobs or even turn this economy around. It’s been reported that economic growth in America for the first half of the year (2011) is a staggering less than 1%. So how is giving the federal government any more money going to help?

The federal Reserve is now thinking of what they can do to stimulate the economy and get the country back on it’s feet. All I have to say about that is they are part of the reason why we’re in this mess. Manipulating the currency and controlling inflation artificially for the last hundred years hasn’t helped, so where should we think they’ll do anything now in the best interest of America. Chairman Ben Bernanke has touch base on starting a third round of bond purchases. The federal Reserve can also cut the interest rate for banks that hold excessive reserves as well as pledging to hold its assets at a record high and interest rates at record lows for a longer period, Bernanke stated.

As a nation, the only way we can create jobs and to get the economy moving again is to stop Washington from continuing has they have for many years. We need to cut back on government spending. When I say cut spending, I don’t mean cut Social Security or Medicare. Those programs are not the main problem. Yes they both have issues within the systems but reform is much different than cutting. Politicians are too concerned for their contributors as well as their own political careers. Doing the right thing in Washington would be political suicide. So if we want to save this country, we must remove each and every one of the politicians within the Beltway. Of course it will take years to do so since not all of them are up for re-election in 2012. If they’ve been in office for two terms, it’s time for them to move out of the way and let someone else try something else, or at least improve some of the current policies. Once we get Congress and the president to stop their excessive spending and let the markets correct themselves, we will continue to be in the same position.

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Government Can Not Work Together

Posted by Billy On July - 23 - 2011

……unless of course it’s comes to the fact of giving themselves raises or going on vacation.

When it comes to anything other than those two issues, Congress and the Administration can not work together. It’s been going on for over three months (actually longer, but I’m just talking the major push of it all) and still to this day the Obama Administration can’t even come up with their own plan. All they want to do is point fingers at the Republicans coming up with “insane” ideas, and not being cooperative.

It’s gotten to the point where the credit rating company, Standard & Poors is looking to downgrade the U.S. rating on the grounds that they (Federal government) are politically divided. In October, S&P said that the U.S. fiscal issues won’t affect anything in three to five years from now. Then in April, they changed their outlook to being a three to one chance that there will be debt issues within two years. Well now, S&P are looking at a 50% chance of a downgrade since Congress and Obama are too divided to really give confidence to the rating company.

Obama and the Democrats in the Senate have said that they will not pass a bill that won’t allow the federal government to raise the debt ceiling. The Republicans in the House have presented a bill, Cut, Cap and Balance, but the left doesn’t like it. Why? Because they didn’t write it. Well, not really, they feel that they will have to raise the debt ceiling again as well as they’re not too happy about cutting programs that have brought them the votes they’ve wanted in the past. They’re also thinking of the election next year.

That’s what this all comes down to when you really think about it. This whole entire debt ceiling fiasco is all political and nothing more. Why else would Obama use his empty threat last week when he said that he couldn’t guarantee if the Social security checks would go out on August 3rd if the debt ceiling wasn’t raised. I feel that was a low-class act for any president to do. When it comes to cutting programs, it’s always the Fire Department, Police Department and Medicare that are used as pawns to get voter support. The good thing is that more than ever, the American voter is engaged and knowledgeable about the federal government and what their duties are and what is going to come first in entitlement programs and other spending programs.

It time for us to realize that these clowns in Washington are not going to do the right thing ever again in their political careers, so let’s make it easier for them by voting ALL of the out of office when their time has come for re-election .

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