Top Of My Head

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Tag: Bush Tax Cuts

Let’s talk about spending

I’m going to make this quick. The comments I’ve seen on facebook and here regarding my tax cuts blog basically say the samething. We need to cut spending. I agree. We do need to cut spending. I haven’t looked at all of the spending cuts in Paul Ryan’s plan. Although, changing medicare for those under 55 to a subsidized insurance plan will most likely make the insurance companies rich. If we cut spending to the Health care plan and we don’t make sure these companies offer some federally mandated minimums, I think Ryan’s plan will save the government money by shifting costs to the parts of society that can ill afford them.

I found figures that in 2008 we spent $12 billion per month in Iraq and, in 2006, we spent $6 billion per month in Afghanistan. If those figures hold for 2011, that’s a grand total of $216 billion we’re spending somewhere else. Perhaps we could put all of this “tax cutting” talk aside and bring our troops home.

Granted, the national debt grows by 4.07 billion per day, so at the end of the year, we’re at – roughly – $1.4 trillion dollars. $216 billion isn’t going to make that large of a dent, but it would be a start. There’s an old joke I’ve heard: a million here, a million there and pretty soon you’re talking real money.

Anyway…

Does it really make sense to borrow money to fight two wars? I’d, also, like the government to spend a million or two and investigate just where all that money is going. But, that’s taking us in the wrong direction.

Back to the tax cuts: we can’t afford them. We can’t make a law that will add to the burden. You can’t cut your income and expect to pay off debt. It just won’t happen. Quite frankly, at our current tax levels, we’re really hurting. We should make the Bush tax cuts, which were extended by Obama, go away. The little raise won’t hurt any of us.

That said, going back to pre-Bush levels shouldn’t mean new spending, that money should go to paying off the debt and balancing the budget. Republicans love to toot their own horn and erroneously claim that they’re for the working people, the middle class. They aren’t. All of these tax cuts throughout the years have done more harm than good for this country. Reagan’s tax cuts went too far and the tax cut Republicans that have followed him don’t understand that. There are government programs that people actually don’t want touched. Truth is, if you want to keep your Social Security and your medicare, you’re going to have to pay a little more in taxes. It’s just that simple. If you don’t want to keep these programs, then we can cut taxes.

If you want a smaller government, then the only thing we should have the government pay for is defense. No federal money for roads, health care, education, farm subsidies, bailouts, green energy research, bank bailouts, unemployment, NPR, etc. The list goes on and on. If you like these things, then we have to be willing to pay for them. If we, as a nation, decide that we’re not going to pay for them, then we can cut them all, put thousands of Americans out of work and everyone of us will scramble to pay for college without government loans and grants. We will have to find a way to put enough money aside to pay for our own retirement. When we lose a job, well, you better have 8 months of savings set aside because there will be no help coming. And, you can kiss public schools goodbye because the feds give 70% of the support to our local school systems.

But, you can have a hefty tax cut for the rich people who don’t have to worry about any one of those things. They have the cash to do it all. They earned that cash on our backs. It’s our labor that makes them that money.

It’s just something to thing about this morning.

Sarah Palin and Tax Cuts

On December 1st, Sarah Palin tweeted the following:

“Pls refer to Jan.1 tax changes appropriately: they’re OBAMA TAX HIKES & they’ll slam every American’s savings, investments & job opportunity”.

On December 2nd, she tweeted this:

“Dear Sen.Gregg:Yes, Obama’s tax policy means “generating massive revenues” but that means govt will engage in massive spends;that’s not good”

and this:

DC politicians: Trust businesses & families to spend our own hard earned $ wiser than you can spend it; I’ll tune in Obama Tax Hike talk…”

and this:

“today from here in Iowa @ book signing;No doubt hard working Iowa residents will agree that Obama Tax Hikes (29 days from now) will slam ’em”

And, she’s wrong. These aren’t Obama’s tax hikes – they’re President Bush’s. Like it or not, the Republicans in Congress didn’t have the 60 votes necessary to make the tax cuts permanent. And, now, those tax cuts are expiring. According to PoliticFact, my tax percent will be raised to 28% and someone who makes twice as much as I do, will pay the same percent in taxes. Isn’t that nice?

Apparently, despite what Glenn Beck says about making stuff up, you can just make stuff up and still have people listen to you.  It’s a shame that Palin’s 322,396 followers will just believe what she tweeted.  They won’t look to see if what she’s saying is true.  Nothing upsets me more than someone just making stuff up and spouting it as if it were actual fact.  I cannot believe that there are Americans in this country who are so enamored with this woman that they made her book number two on the New York Times Best Seller list.  (I know, I was shocked to find that her followers can read, but maybe it has a lot of pictures in it.)

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