Porked Again!

While the President lectures America's CEO's about excessive pay and the Vice Pres plays buddy-buddy with Al Gore, the Democratically controlled Congress voted to hand $93,000 to each and every member!

So the earmarking will stop under the Obama administration, right? Of course that's unless you take into consideration that the $800 billion stimulus is nothing but one HUGE earmark!

Now the Dems have found a new way around future earmarks, you need only look at their most recent actions. They just gave themselves $93,000 per congressman as pocket change.

It's being sold to us as 'a necessary increase to help out constituents'. Bull Sh%#! It's an earmark without being an earmark!

It has been intimated by the Vice President that its patriotic to pay taxes. It has been suggested by Harry Reid and Nancy Pelosi that we all have to tighten our belts. So tell me something, why don't the politicians have to tighten theirs?

I thought we were going to get some leadership out of the Obama administration. Turns out we're all just getting Porked Again!

Here Today but Tomorrow? Not so much!

So the stimulus package is here! Yeah! The Dems are here to save the day. They intend to dump $800 billion dollars into the economy! That should get things moving again!

What? What do you mean only 3% of that money will make it into the economy over the next 18 months. Huh? How come 25% of the money isn't spent until 11 YEARS from now?

I'll tell you why, because ramming this particular spending package (notice I didn't call it a stimulus) through is nothing more than an attempt to create bigger government programs well into the future. This idea is as bad as the idea to stop charging payroll taxes on people making less than $50,000 per year.

You haven't heard much about how the tax break works because its a really, really bad idea as well. We all know that Social Security, Medicare and Medicaid are underfunded and virtually insolvent. We also know that the 'payroll' tax is what supposedly funds them.

So what's our solution to the problem? To have even less money come in to fund these programs? What?

We need a new program in America. We need to change this economy from a 'spending' economy to a 'savings' economy. We can't do that if the government keeps spending, spending and spending some more.

Taking away the payroll tax for some and not all is not the right step. The right step is scrapping the entire income tax system all together. Change our system to a consumption tax.

With a consumption tax, like the Fair Tax, every time someone buys something the government gets paid. Think about all those illegal aliens that burden our hospitals and school systems.

They would not be under the 'tax radar' anymore. They buy food, they pay tax. They buy gas, they pay tax. Heck, they buy anything, they pay a tax!

Our poorer citizens, you know the real Americans ....the ones that were born here or did the right thing and did what was necessary to stay here legally... those people would get a card to rebate them for the tax they paid!

That would transform our economy from spenders to savers! What's so wrong with that. There are many excuses why it can't be done, but those excuses are mostly made by politicians that would lose power and be forced to come up with REAL solutions to REAL problems.

Let's force the politicians to stop pitting us against each other based on whose wealthy and whose not and lets stop electing our politicians based on who will tax you less or who will rape the rich! It's time for a paradigm shift in the way we operate. Stop spending and save!

To Big To Fail

There is a huge problem right now and it's about to cost the American economy even more money! It is the concept of 'to big to fail.'

That's what was said about Chrysler back in the late 80's when they received their first bailout in the form of a loan from the federal tax payer. That's what happened with the Savings & Loan bailout that created the Resolution Trust Corporation.

To big to fail? Didn't we learn our lesson? Now we're at it again. Banks that are to big to fail! The problem was the repeal Glass-Steagall Act and Clinton's signing of Grahm, Leach, Bliley which deregulated the banks, securities and insurance companies allowing them to compete with each other and even combine operations.

Now CitiGroup is 'un'grouping and Bank of America (who thought it would be a good idea to swallow up Countrywide Home Loans) is getting another infusion of capital from the Feds. We're talking tens of billions of dollars of our money!

Well, as I think about it, I guess it isn't our money yet. From what I understand the Feds have the printing press ramped up and ROLLING! The green stuffs flying off the presses faster than lemmings over a cliff! (excuse the obscure reference to a 1980's arcade game, but you know, I'm olde! LOL)

The point here is that we keep buying into this to big to fail concept. Now we're creating a situation where our debt is escalating from an already unfathomable high amount and the dilution of our currency may some day create hyper inflation!

It has to stop! Yes, there will be some pain. We have to remember that we have bankruptcy laws for a reason. It's so businesses can restructure.

The bottom line is that we need to restructure our entire economy. We need to change from a spending economy to a savings economy and the only way to do that is to leave this 'to big to fail' concept in the trash heap and change our tax system from an income tax to an embedded consumption tax like the Fair Tax.

I mean, what are we thinking? Do we believe the World will look at America and decide that we are to big to fail? Doubtful, they'll cheer while they watch our collapse. Time to wake up before we reach the point of no return. The we really do fail.

Taxes Must Be Voluntary?

Timothy Geithner is approved or as the next Sec. Tres. Who is Geithner? If you believe what many senators and congressmen and women have said about him, he's one of the most important appointees to be considered since the Carter Administration!

Geithner's resume is long and distinguished and it's true that he's not dolt. You don't get to be the President of the New York Region Federal Reserve without having some solid smarts!

But here's my problem. Mr. Geithner has had some tax problems, as in, he didn't pay them. That's right, he 'avoid' paying some taxes through an accounting error.

When pressured about how he managed to miss calculate his tax liability to the tune of more the $40,000, Mr Geitner was more than disingenuous. He blamed the mistake on the fact that he uses Turbo Tax to calculate his return and 'the program' must have missed something.

Here's the interesting thing, the mainstream media gave him a pass. His lofty stature and humongous brain are just to important to America in this critical time. So much for objectivity int he news media.

My problem with this entire situation is not that he miscalculated his tax burden by more money than many people make in a years time, my problem is with the nonchalance he displayed in dealing with the issue. I have a real problem with this 'big brain' not being able to figure out his taxes or at least being smart enough to understand that NONE of us can figure them out and that's why we have to pay others to do it for us!

Let's up their correct, let's hope his 'big brain' can get us out of this economic mess and the country moving again!