Wednesday, January 2, 2013

Say WHAT, Mr. Speaker?

"Go f*** yourself."  Yep, that's what Speaker Boehner said to Sen. Harry Reid last Thursday.  Harry had accused John of running the House like a dictator.  Snivelin' John didn't much like that.  I guess Harry didn't notice when NancyP ran the House like the prez of an out-of-control sorority house.  It's hard to know whether to laugh or cry. 

The tax bill passed, of course.  It really wasn't a fiscal cliff and it was created by Congress in the first place.  They didn't roll back the 2% SocSec cutback, either.  You lose.  Your taxes also likely went up if your household income is more than $40K, but not nearly as much as if it happens to be >$450K.  We all feel the pinch but that's not what they promised.  The more you make, the more you pay, which sounds fair enough if you don't stop to think about it.  

The natural extension of our current tax debate is the two-line tax form:  
  1)  How much did you make?  
  2)  Send it in.

Our national debt was $10.6 Tril when the prez took office.  Today it's more than $16 Tril and the new spending plan will add another tril or more annually for the next four years.  $20Tril.  What a sorry legacy to hand down to our kids.  How do you repay $20Tril?  DO you repay $20Tril?  Think about it. 

The NYSE is up 308 points.  Gold is up, too.  In fact, gold is up more than 100% in the past five years.  Is that in the hope that stuff will be worth more than money some time soon?  Are Z-Bux coming to the USA?

* * * * *

The credit of the United States has, both at home and abroad, been so heavily and perhaps imprudently laden that care should be taken lest the strength should become inadequate to its burdens.
John Jay letter to General Schuyler
November 25, 1780 

Then I say the earth belongs to each of these generations during it’s course, fully, and in their own right. The 2d. generation receives it clear of the debts and incumbrances of the 1st., the 3d. of the 2d. and so on. For if the 1st. could charge it with a debt, then the earth would belong to the dead and not the living generation. Then no generation can contract debts greater than may be paid during the course of it’s own existence.
Thomas Jefferson
September 6, 1789 

I can make a firm pledge.  Under my plan, no family making less than $250,000 a year will see any form of tax increase.  Not your income tax, not your payroll tax, not your capital gains tax, not any of your taxes.
Barack Obama
September 2008

It's not a tax.  You just have to pay more taxes
Your humble blogger, HERE

Look, I'm very much in favor of tax cuts, but not with borrowed money.  And the problem we've gotten into in recent years is spending programs with borrowed money, tax cuts with borrowed money, and at the end of the day that proves disastrous.  And my view is, I don't think we can play subtle policy here.
Alan Greenspan

Go f*** yourself.
John Boehner

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