Showing posts with label Taxes. Show all posts
Showing posts with label Taxes. Show all posts

Monday, February 25, 2013

President of the Few Exaggerates Impact of Sequestration

Now I know that for many folk, the sequestration is either serious or not. Although I do accept the ramifications of the process, it is hard to get real involved in make believe political nuance. But as such, It is equally as hard not to weigh in on the inside the beltway kabuki theater we surmise as Washington politics. First, what get me is the big deal folk make out of this entire thing per an economic issue. If anything it is an issue of national security first and foremost (42 percent of cuts will come from defense). But I suspect this is what President Obama anticipated when he first proposed sequestration for whatever reason in 2011 (which in itself is another essay). I say this because I think he really believed that Congress would bow down to protect their cash cow “defense spending.” But they have since then taken his player card.

Truth be told from a federal agency perspective, it only $85 Billion (north of $40 billion this year), that they have to cut. I think what is missed mostly in all of this is that our issue really isn’t related to debt or the deficit, but rather credit and borrowing. Yes we spend too much no question, but ours is a credit problem – we borrow too much which makes economics ignore what is essential – that one can address the debt and deficit and encourage economic growth by leasing in on cutting wasted and duplicated spending.

Again it is just $85 billion. AIG got two times as much when the government bailed them out, yet we can find money to bailout Wall Street but not cut from what we already spend? I find that hard to believe because the average individual, family and small business owner, if had to, could cut less than three cents from each dollar earned without going bankrupt or homeless. I know less than 3 percent is possible from history alone. If FDR could cut the federal budget by almost 40 percent at the start of WW II in one year, surely we can locate 3 pennies of each government dollar currently spent.

Maybe this is why the theater. Three cents on the dollar won’t hurt if done correctly (end waste and duplication.) But if it hurt anybody it will be us, the poor folks in America who depend on services like head start and similar provisions. President Obama knew he was taking a risk, but instead of the wealthy he pretends he wants to tax, he put folk on the hook who live pay check to pay check, struggling to survive in poverty and who depend on head start on the hook as bait for house republicans. And they didn’t take it because they only grab on behalf of rich lobbyist (as well as democrats). Now we are back to Washington at its best, seeing that pointing fingers is more important to the administration and the congress than moving pencils and using erasers. The result is all outside in real America being stuck in the weeds on this matter.

In four days we will have Armageddon as the president describes it. Although all parties agreed to it, why is it Armageddon now and it wasn’t then? America outside the beltway isn’t growing fast like Washington, DC and Wall Street. Since looking at what has happened from 2009 to 2011, more than twenty major corporations have paid no income taxes. Including the likes of General Electric, Boeing, Verizon and Amazon [Amazon made billions in sales in 2011, while paying nothing in corporate taxes]. The reality is that since Obama has taken office, corporate taxes in the U.S., at an all-time low in which we see the most profitable companies paying nothing at all. Yet instead of fighting for the payroll holiday to continue President Obama did not fight for it, for these people were on the hook as bait. In 2011, Facebook made billions and paid not taxes yet was given a rebate of more than $400 million dollars the same year.

The fact is all of the above demonstrates that both the present administration and the members on the hill have only corporate interest at hand. Not only is it government for the few, it is also President of the few. Drake almost got it right, but I would say “we started from the bottom and we still here.”





Tuesday, August 05, 2008

crook by another name is John McCain

Jones mane, folk here by all accounts is African – if a cat has kittens in an oven, don’t make them biscuits. But my heart is here, America, American me folk. So I talk and criticized for the common good, and in good faith, something that ALL politicians don’t know how to do, least since the FDR days, since now they tend to respond or react as opposed to think. So as a result, I have been very critical of these folk who are running to be this nations commander in chief.

Now don’t expect nothing sensational, nope jones, I just wanna be really real with thought. I mean I am Meek, just that and recant that Jesus was meek, but he would place the plague on yo azz with the quickness.

See for me, I have held Obama to a certain level, objective without age, race or him wearing his faith on his sleeve as being a factor. Such has been waited out; maybe that’s why some folks think I’m hard on Jones. I have done the same with McCain, with all of the prior, in addition to him not wearing his faith on his sleeve as canceling out.

Sometimes I think Obama just don’t know what he be saying or is just unaware of what his staff write policy wise for him. But McCain, I think folk think I’m stupid. Now I wont start with his recent debacle, when Tallahassee Democrat senior writer Stephen Price on Friday was thrown out of his rally. I mean so he was the only Black reporter, and so what none of the other local press was removed, I wont touch that. And nope, I wont touch what he said when he addressed the National Urban League, when he mentioned that he would employ military’s tactics in Iraq as the model for crime-fighting in American urban areas (code word for where black folk live).

No but on disposition and policy I will. Even when it comes to economics, education and yes, even the energy policy, he maintains a banal and sublime approach to problem solving that on the one hand condemns his opponents for beliefs his fellow GOP comrades have and maintain. Like Obama on pressure in tires to save gas, when the current governor of California have; but also with respect to nuclear power; when The two Bushes and Regan held a similar stance to the democratic front runner. I mean, he tends to come across as if he can only proffer that a military solution is an answer to all things. He suggest we expand our current off shore drilling when it would be more economically feasible to be looking at the Black Sea, especially if folks like Exxon Mobil, who suspect that there may be 10 billion barrels of oil reserves in the Black Sea.

It would not even surprise me if he sided with Attorney General Michael Mukasey’s call for Congress to authorize the indefinite subverting of the right of habeas corpus for any one, even US citizens to be detained if suspected as being a terrorist, over the side of liberty. This is problematic for me since he says that he agrees and continue handling the current war as GWB does. What “Mukasey is asking is for Congress to extend the war on terror forever and that folk the president say is a terrorist can be held indefinitely without a trial.

He already wants to stay in Iraq for ever, and his position on the Gaza Strip, makes me think that he may actually be one of the terrorist he himself describes. He supports Israel doing what it must to defend and protect itself, even if that includes the Israel's secret police withholding medical treatment to Palestinians in Gaza. Shin Bet Started interrogating Palestinian patients who needed to go to Israel for medical service after they set up the blockaded (which McCain supports). One would think a former POW would not support the practice of taking the sick underground to windowless rooms and using the threat of not getting medical help as a way to get them to tell on others.

And I aint picking on McCain, for just as Obama, they don’t really have an inkling of anticipation of what they are in for, but hat worries me is not just his stance on the war but as I mentioned briefly, his disposition toward problem solving. From his inability to stay on point with a decision (as he did on taxes saying he is down with a higher payroll tax for Social Security, when he pledged not to raise taxes of any kind ) to his open hypocrisy via using loop holes in his own campaign finance reform law (McCain-Feingold). He does this by using folks like the Republican Governors Association (RGA), a 527 with no donation limits.

Even on topical issues regarding ethics, he has failed my test, but so has Obama. But such is the mark of desperation for his attack machine aint even started yet. And best belive the GOP hoodrats will be in rare form. So another election year, and another ballot in which I will write my name in instead of either of the aforementioned.