This just In...re: House of Representatives
POSTED BY: AnthonyT
UPDATED: Monday, December 26, 2011 21:45
VIEWED: 5386
PAGE 1 of 4
"U.S. House completes business and leaves for holiday break, leaving unresolved the fate of a payroll tax cut extension."
Hello,
This was the headline on CNN.
Completes business? I daresay not.
--Anthony
_______________________________________________
"In every war, the state enacts a tax of freedom upon the citizenry. The unspoken promise is that the tax shall be revoked at war's end. Endless war holds no such promise. Hence, Eternal War is Eternal Slavery." --Admiral Robert J. Henner
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Congress, let's face it, doesn't complete anything, and maybe it's better that way.
That's what a ship is, you know - it's not just a keel and a hull and a deck and sails, that's what a ship needs.
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Insanity. Sheer insanity. When you consider the idiocy it's going to create, for payroll companies, the government, workers, employers, and the money it's going to cost, as well as the fact that they'll all agree to it in the end, sure, doing nothing and going home for the holidays is reeel smart. Lord knows we've got all kinds of money to toss around playing political games, we've been doing it for two years now! Real good for consumer confidence, too...and of course it creates lots of jobs...
Yeah...right.
I wonder if anyone has calculated just how much all this pathetic "brinksmanship" has cost the government in the past two years...would be interesting to find out. And I can't help wondering how many of those neophyte "tea party" legislators will survive their next election...
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Quote:
Originally posted by Niki2:
Insanity. Sheer insanity. When you consider the idiocy it's going to create, for payroll companies, the government, workers, employers, and the money it's going to cost, as well as the fact that they'll all agree to it in the end, sure, doing nothing and going home for the holidays is reeel smart.
The 2 month extension is what isn't workable, and what will cause all the chaos. This tax " holiday " was always intended to end after 1 year. It's been 1 year, and now the holiday is over.
And why are we being told it's a tax ? This payroll 'tax' is what solely funds SSI. The govt company line has always been that this is a " contribution " into our own SSI accounts, right ? It's not a "tax" at all! Oh, but NOW that Obama wants credit for cutting it, it's a tax ?
Americans are being bamboozled by the DC insiders - Democrat, Republicans and the media, all included.
If this were a Republican President, the media would spin it as the GOP taking $ from old folks, cutting SSI, and giving it to the Rich. ( How ? Who the hell knows, but every time the Left attacks the GOP ,it's always class warfare ). Or they'd say the GOP is trying to end SSI, by cutting its funding, and letting it " whither on the fine ".
But Obama ? He's trying to CUT your taxes ! And the mean old Repulbicans....they just want to stick it to the poor, and take their money!
Only this isn't 'taking' anyone's money, right ? The payroll tax is just a contribution , an "investment " into our future.
This ploy was nothing but PURE politics from the very get go, and Obama knew this , all along. It's like anything else govt does... a tax 'holiday', or a 'temporary ' rate increase, which some how never gets removed or rolled back to its original status, even after the objectives have been met. There's always a new crisis, an unforeseen situation, that pops up,and makes it impossible to end the holiday, or what ever.
" I do not love the bright sword for its sharpness, nor the arrow for its swiftness, nor the warrior for his glory. I love only that which they defend. "
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Obama was all too eager to let the Bush tax cuts expire with the blessings of all fellow Democrats. People's paychecks would have gone down due to the new higher tax rate. Obama had to cave, the cuts stayed, and a Govt. shutdown was averted. Now it's a similar thing, but the roles are reversed. If Republicans don't pass the bill next week it will do irrepairable damage to any political hopes for 2012. Perception is often reality, and at some point during the non-stop CNN family paycheck disaster analysis reports, you just do what you have to do to stop the bleeding.
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Quote:
Originally posted by Jongsstraw:
Obama was all too eager to let the Bush tax cuts expire with the blessings of all fellow Democrats. People's paychecks would have gone down due to the new higher tax rate. Obama had to cave, the cuts stayed, and a Govt. shutdown was averted. Now it's a similar thing, but the roles are reversed.
But the roles aren't reversed. The payroll tax HOLIDAY was always intended to be just that, a 1 year cut in the rate of $ withheld from paychecks to fund SSI. The Bush tax rates have been in place for years now, and were sold, initially to BE permanent. This wasn't.
The GOP should remind everyone that the $ being taken out now is an " investment " to their own SSI. They won't, of course, because then that would remind folks just what a scam SSI is, and the ponzi scheme it is, which takes from you now, on the promise it'll be there when you retire. It won't be, but we're not suppose to pay attention to that little lie, and Obama is well aware of all that.
" I do not love the bright sword for its sharpness, nor the arrow for its swiftness, nor the warrior for his glory. I love only that which they defend. "
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" what a scam SSI is, and the ponzi scheme it is, which takes from you now, on the promise it'll be there when you retire. It won't be"
Hello,
I trust we are all in favor of paying less into the scam? Even if it was a real investment, the government is clearly mismanaging it.
Why is there a failure to reach consensus about this reduction?
I'd be happy to reduce my investment to zero, and have my investment refunded.
However, paying less brings me partway to my goal of paying nothing.
So... what is this debate about? Democrats want me to pay less and Republicans want to decrease my taxes. How can there be an argument?
--Anthony
_______________________________________________
"In every war, the state enacts a tax of freedom upon the citizenry. The unspoken promise is that the tax shall be revoked at war's end. Endless war holds no such promise. Hence, Eternal War is Eternal Slavery." --Admiral Robert J. Henner
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Quote:
Originally posted by AURaptor:Quote:
Originally posted by Jongsstraw:
Obama was all too eager to let the Bush tax cuts expire with the blessings of all fellow Democrats. People's paychecks would have gone down due to the new higher tax rate. Obama had to cave, the cuts stayed, and a Govt. shutdown was averted. Now it's a similar thing, but the roles are reversed.
But the roles aren't reversed. The payroll tax HOLIDAY was always intended to be just that, a 1 year cut in the rate of $ withheld from paychecks to fund SSI. The Bush tax rates have been in place for years now, and were sold, initially to BE permanent. This wasn't.
The GOP should remind everyone that the $ being taken out now is an " investment " to their own SSI. They won't, of course, because then that would remind folks just what a scam SSI is, and the ponzi scheme it is, which takes from you now, on the promise it'll be there when you retire. It won't be, but we're not suppose to pay attention to that little lie, and Obama is well aware of all that.
" I do not love the bright sword for its sharpness, nor the arrow for its swiftness, nor the warrior for his glory. I love only that which they defend. "
Some would argue the Bush tax cuts were intended to expire as well. Also, tax cut...tax holiday... just political semantics for most. It's all the same to the average man and family. It's less money they have each week to pay bills and live. It's too hot a political football now, and it will just give Obama additional material to add to his campaign narrative. Romney and Gingrich ought to be screaming at Boehner to pull this together pronto.
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Quote:
Ah, so what is the rationale for extending the Bush tax cuts, which were EQUALLY finite, and were supposed to end after ten years?
This tax " holiday " was always intended to end after 1 year. It's been 1 year, and now the holiday is over.
To not want to extend the payroll tax cuts because they were intended to be finite, yet fight like hell to extend the Bush tax cuts, also intended to be finite, is the height of hypocrisy and has no justification whatsoever.
The only CONCEIVABLE explanation for trying to make that argument is that massive tax cuts to the wealthy are what is desired, while small tax cuts for everyone is unacceptable. Again: insanity. In this case, obvious, hypocritical insanity.
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Quote:
Originally posted by Niki2:Quote:Ah, so what is the rationale for extending the Bush tax cuts, which were EQUALLY finite, and were supposed to end after ten years?
This tax " holiday " was always intended to end after 1 year. It's been 1 year, and now the holiday is over.
No, the 10 years was a deal cut, by Bush, in order to work with the Dems. Originally, it was MEANT to be permanent. The SSI payroll tax cut ? Was always sold as a 1 year ' holiday'.
Quote:
To not want to extend the payroll tax cuts because they were intended to be finite, yet fight like hell to extend the Bush tax cuts, also intended to be finite, is the height of hypocrisy and has no justification whatsoever.
Not hypocritical in the least, for the reasons already listed.
Quote:
The only CONCEIVABLE explanation for trying to make that argument is that massive tax cuts to the wealthy are what is desired, while small tax cuts for everyone is unacceptable. Again: insanity. In this case, obvious, hypocritical insanity.
The Bush tax cuts weren't " massive " , and the RICH are still paying more than their fair share. ( THE PROBLEM IS THAT OUR FEDERAL GOVT IS SPENDING, WASTING TOO MUCH OF OUR MONEY ! ) But this class warfare argument you're raising isn't even the issue on the table.
It's funny, because for ever, we were told the payroll taxes for SSI weren't REALLY taxes, but instead were a 'contribution'. Now , as we see, it's a tax. How long will it be until the language swings around in D.C. and the concept of 'voluntarily contributing' is back in vogue ?
But you are right. This is insanity. The Dems want to cut in half the $ we pay into SSI, out of our paychecks, to a program that is already circling the drain. However, what they're NOT telling you is how they plan to add back into SSI... it's a tax on new home sales. Yep, the Dems want to slip that little gem into the system, so the 'rich' who can afford to buy a new home will end up paying for everyone's SSI. And what, do you think that more such sneaky little tack on taxes won't be implemented in the future ?
HA!
A bit here, a bit there... there is NO limit to the amount of money govt wants to take from you. NONE.
" I do not love the bright sword for its sharpness, nor the arrow for its swiftness, nor the warrior for his glory. I love only that which they defend. "
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