Come Hell or High Water

The Congress that took the last week of July until Sept 13 off has now left Washington for all-out-war campaigning after working an exhaustive 17 days since late July and won’t be back until after they have had their heads chopped off by the American people.

Poor babies.

They left town without the House passing a budget for the first time since 1974. The 4th time the Senate has done it since 1974.

So the government that started a new fiscal year today with resolutions.

I bet your household budget works the same way. You just fake it. right? 🙂

They also left town without dealing with the Tax Increases coming on 1/1/11. They were too chicken. So they split town to save their own asses rather than tell you, your employer, or any potential employers if they were going to get hit with the largest Tax Increase in American History (for real).

Failure to extend the Bush tax cuts will also mean a reinstatement of the marriage penalty that makes some married couples pay higher taxes filing jointly than they would if they were single and filing individual returns. It will mean cutting in half the child tax credit from $1,000 to $500. It will increase tax rates on dividends from a maximum of 15 percent to 39.6 percent, which affects seniors who depend on dividends to supplement their Social Security and pensions. And it will raise the top capital gains tax rate from 15 percent to 20 percent, stifling business investment.

It will also raise taxes anyone who pays taxes. Regardless of income.

The President repeatedly says he want to raise taxes on the rich as a class warfare tactic, but in all these months has he actually proposed an actual bill for it?

Or was he hoping Pelosi or Reid would do it for him? Be the good Lieutenants and get all the troops in line to set up for the firing squad one more time?

But the fact remains it was all talk and no action. Much like the Congress since the passage of the business buzzsaw killing Financial Reform bill the Democrats have done nothing useful since (not that they did it before to be fair).

And who is to blame for the President not proposing and the Democrats not disposing of this part of the agenda, The Republicans. 🙂

The Minority party is at fault for the President not even sending a bill containing his Tax proposals to the House and the House not willing to come up with the bill and vote on it.

It’s all those damn Republicans fault! 😦

HUH??

Now that’s a “transparent” “drain the swamp” “most ethical congress” “responsible”, “post-partisan” government isn’t it?

The real problem was there were enough Democrats  who were willing to join Republicans on an across-the-board extension of the Bush tax cuts that it made the Reid-Pelosi position of raising taxes on some higher earners untenable, so no tax bill moved forward.

But that was the Republicans fault too. 🙂

Members of Congress have now returned home to try to save their own jobs, never mind helping the millions of Americans who have lost theirs. “When we come back this fall, the election will be over,” Senate Majority Leader Harry Reid told the Washington Post. “I hope that it also means that Republicans will finally be able to put the American people ahead of their short-term political interests and ambitions.”

Now that’s responsible government.  and very “post-partisan”. 🙂

So it’s time to get your Lame Duck Poisoning Prevention Shot.

The New Roman Empire is being invaded by a hoard of Barbarians are the gate. So it’s time to prep the wells for poisoning and to raze the crops and poison the soil.

What Reid and his counterpart in the House, Speaker Nancy Pelosi, are hoping is that Democrats who lose their seats in the election will be willing to pass legislation in a lame duck session that they know the voting public doesn’t support. In Reid’s logic, they will be free to vote their liberal ideology. And it won’t matter because they will have already lost their jobs. But it is precisely this kind of arrogance that has Democrats in such poor shape heading into the mid-term elections. (Linda Chavez)

Some say you have to admire our “rock star” (in his own mind and the media’s) President for sticking to his ideology as he is 200% in campaign mode, 2008 campaign mode, that he doesn’t care about moving to the center. He wants to move even farther LEFT. Hoping to spike turnout amongst those who were fainting in his presence 2 years ago.

Now their fainting from working so hard. But that doesn’t matter. And once again, it’s supposed to be how he says it, not what he says.

Let’s party like it’s 2008!

The perception that he’s The Anointed One is supposed to trump the reality of the last 21 months.

A couple of back-to-back statements by President Obama at a town hall rally in Des Moines, Iowa, tell us all we need to know about his economic philosophy and that we aren’t going to climb out of his recession and begin to slow the growth of the national debt as long as he’s calling the shots.

Voters, he said, tell him to “cut government spending.” But “most spending is for veterans, for education, for defense. … Finding $700 billion is not easy.”

Yet a few minutes earlier, in response to criticism over illegal immigrants getting health care in the United States, he had said, “It is very important that we have compassion as part of our national character.” (How about compassion for future generations of Americans?)

Does anyone see the disconnect here? If Obama believes our national character is deficient unless we expand the welfare state to illegal immigrants, then how could he ever preside over a balanced budget?

His wildly inaccurate statement about where the money is spent is equally revealing. For fiscal year 2010, according to the Center on Budget and Policy Priorities and other sources, benefits for veterans constituted about 3.5 percent of the budget; education expenditures were 3 percent; and defense and security totaled about 20 percent.

Even worse than these errors is his defeatist statement that “finding $700 billion is not easy.”

Well, of course it’s not easy if you have no desire to trim the size, functions and intrusiveness of government.

Didn’t he just say again the other day that he is “committed to fiscal responsibility”? Hasn’t he incessantly argued that President George W. Bush is the one who ran up these outlandish deficits?

We all know what a distortion and exercise in scapegoatery that is. President Bush fulfilled his promise to cut the deficit in half by 2006. In fiscal year 2007, the deficit was $161 billion. Hard to believe, isn’t it?

That’s just three years ago, and Obama says it’s nearly impossible to trim much? Even the final Bush year, which Obama continues to blame for all “this mess” and which Obama has used to establish his new deficit base line, was not actually the alleged $1.3 trillion, but closer to $800 billion when TARP repayments are factored in.

Assuming Obama even wants to bring down the deficit, his economic philosophy precludes him from advancing policies likeliest to do it. You cannot make much headway on the deficit in a period of recession, and his policies are leading us toward a double-dip recession.

Indeed, the dirty reality is that Keynesian policy works as a double whammy against fiscal sanity. It involves government’s spending money it doesn’t have, which, by definition, increases the deficit and debt. And it also increases the deficit by smothering the private sector and deterring real economic growth. There is no appreciable “multiplier effect” from monies that are spent by government fiat, as opposed to those spent in response to true market forces, including real consumer demand — as opposed to government  command.

We saw the devastating impact of reckless Keynesian policies during the Great Depression, and we’re witnessing them again today. As long as Obama is married to his redistributionist profligacy, we cannot reduce the deficit. And it’s even worse when you consider that Obama wants to raise taxes on the primary generators of economic growth, small businesses, during a slow economic period.

With his signature audacity, Obama told town hall attendees their taxes haven’t gone up in his administration. Puleeze! Obamacare, anyone — for starters? He also said Republicans haven’t been honest with voters about what needs to be done to revive the economy. “We can’t pretend that there are shortcuts,” he said.

Sorry, but he’s the one being dishonest. The Bush years saw robust economic growth until the last year of Bush’s second term. The policies that led to the subprime collapse, the recession and the skyrocketing deficit in his final year were brought upon mostly by liberal Democrats hellbent on demonstrating their “compassion” for people by insisting on loans to people who couldn’t repay them and cynically resisting President Bush’s efforts to rein in Fannie and Freddie.

President Reagan didn’t continue to blame Jimmy Carter for his malaise-ridden economy during his term. He didn’t implement policies that didn’t work after promising they would and then whine that it would “take 10 years to get out of this mess because it took us 10 years to get into this mess.” He passed tax cuts that launched an unprecedented period of peacetime growth — and not at the expense of federal revenues, as has been falsely alleged.

I don’t expect President Obama to come clean with the American people or to ever accept responsibility for his disastrous policies, much less to voluntarily change course, but it’s gratifying to see that people, including some of his supporters, are finally onto him. (David Limbaugh)

And if you were expecting the Media to do their job, of journalism. Forget it. The Propaganda ministers for Obama are in full damage control, but unlike 2008, people are less inclined to believe their spin.

But it’s all they have and if they say it often enough people will believe their lies.

Gallup: Distrust in Media Hits New High and Three Times as Many See Media as ‘Too Liberal’ Over ‘Too Conservative’
They are too busy kissing up to Rep. Alan Grayson’s so-blatant-it’s-a-supernova misrepresentation attack ad, Obama’a 2008 “glory days” (they actually use that term repeatedly) and the manipulation by the far left of a Maid of California Gubernatorial Candidate Meg Whitman who was an illegal alien (she was fired last year for this by Whitman) and now is being paraded around the media with a prepared speech and lots of crying in the most cynical of acts.
And the Liberal media eats it up and regurgitates it.
So don’t expect anything from them expect spin.
I’m sad to report today a death of a good friend to all of us…..Journalism, the once esteemed 4th estate of our nation and the protector of our freedoms and a watchdog of our rights has passed away after a long struggle with a crippling and debilitating disease of acute dishonesty aggravated by advanced laziness and the loss of brain function.” — Gov. Mike Huckabee in 2009.

Doubt me:
Watch ABC’s World News Runs White House Produced Pro-ObamaCare Video as ‘News’: http://www.eyeblast.tv/public/video.aspx?v=hdkUkUQueu

CNN urging liberals to promote the “Amazing Achievements” of the liberals: http://www.eyeblast.tv/public/video.aspx?v=hdkUSUZunz
Matt Lauer (Today Show) urging the President to be more forceful about attacking the Republicans: http://www.eyeblast.tv/public/video.aspx?v=hdkUSUqG6U
And that’s just the tip of the iceberg.
All aboard the Democrats Unsinkable Ship of Keynesian Economic  State, The Titanic!
And don’t forget to destroy the land behind you.
If they can’t have it, no one can!
Film at 11.

Marriage, Cadillacs & Yugos

First off, If you are reading this, see this: http://www.youtube.com/watch?v=NBRjl117oac

Ray Stevens, of “The Streak” and other comedy classics takes on Obamacare.

***********

New Info on the Secret, Back-room, deal known as ObamaCare.

Remember this: ‘Under my plan,” candidate Barack Obama said on Sept. 12, 2008, while campaigning in Dover, N.H., “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 taxes, not any of your taxes.”

Well, he was lying. Just like “transparency” and “post-partisan”.

Read My Lips, No New Taxes! Whoops, sorry wrong President. 🙂

A shocker, I know. But there it is. Or rather, here it is…

If you don’t get your health insurance from an employer, DON”T GET MARRIED!

EVER!

And if you lose your job, and have to go on the government dole, BECAUSE IT’S MANDATORY,you’ll get hit even harder. Even if the benefits don’t kick in until 2014.

The built-in “marriage penalty” in both House and Senate healthcare bills has received scant attention. But for scores of low-income and middle-income couples, it could mean a hike of $2,000 or more in annual insurance premiums the moment they say “I do.”

The disparity comes about in part because subsidies for purchasing health insurance under the plan from congressional Democrats are pegged to federal poverty guidelines. That has the effect of limiting subsidies for married couples with a combined income, compared to if the individuals are single.

People who get their health insurance through an employer wouldn’t be affected. Only people that buy subsidized insurance through new exchanges set up by the legislation stand to be impacted. About 17 million people would receive such subsidies in 2016 under the House plan, the Congressional Budget Office estimates.

The bills cap the annual amount people making less than 400% of the federal poverty level must pay for health insurance premiums, ranging from 1.5% of income for the poorest to 11% at the top end, under the House plan.

For an unmarried couple with income of $25,000 each, combined premiums would be capped at $3,076 per year, under the House bill. If the couple gets married, with a combined income of $50,000, their annual premium cap jumps to $5,160 — a “penalty” of $2,084. Those figures were included in a memo prepared by House Republican staff.

The disparity is slightly smaller in the Senate version of health-care legislation, chiefly because premium subsidies in the House bill are more targeted towards low-wage earners.

Under the Senate bill, a couple with $50,000 combined income would pay $3,450 in annual premiums if unmarried, and $5,100 if married — a difference of $1,650.

Republicans say the effect on married couples whose combined income makes them ineligible for subsidies is even greater — up to $5,000 or more — but that is more difficult to measure because it includes assumptions about the price of insurance policies.

Democratic staff who helped to write the bill confirmed the existence of the penalty, but said it cannot be remedied without creating other inequities.

Other Inequities??? WTF!!!

For instance, they said making the subsidies neutral towards marriage would lead to a married couple with only one bread-winner getting a more generous subsidy than a single parent at the same income-level.

“The Finance Committee, along with other committees in the Senate, took pains to craft the most equitable overall structure possible, and that’s what we have here,” said a Democratic Senate Finance Committee aide.(WSJ)

Oh, I see. More Liberal “fairness”. Gee, I feel so much better now… 🙂

“You might like to have it be progressive, equitable and marriage-neutral. But you have to decide what your goals are, because you can’t accomplish all three,” said Stacy Dickert-Conlin, an economics professor at Michigan State University.

How about not at all.

Oh, sorry, that’s against THE AGENDA.

THE AGENDA UBER ALLES!

Or then there’s : The “soak the rich” Plans…ah, not so much…

The administration wants to put it on the backs of the middle class in the form of a 40% excise tax on the value of health insurance coverage that exceeds $8,500 a year for individuals or $23,000 for families.

Those who think they’ll be exempt from the tax because their health care insurance isn’t one that Obama would define as a “super, gold-plated Cadillac” plan are kidding themselves. Douglas Holtz-Eakin, director of the Congressional Budget Office under George W. Bush, says 95% of Americans who are covered by plans that fit into the Cadillac category make less than $250,000 a year.

Even groups on the left get it. As Jim Kessler, vice president for policy for the progressive Third Way think tank, puts it: “A lot of those folks that have Cadillac plans have Chevy wages.”

Also don’t believe the claim that the tax will be on the insurance companies only. Sure, insurers will write the checks to Washington. But they’ll forward their costs to the customers, adding to a tax burden that’s already too punitive — and going to get worse.

“Passing the tax on to workers would result in an effective tax rate that is even higher than the specified 40%,” Curtis S. Dubay wrote in October in a Heritage Foundation WebMemo. “When the insurance companies embed the cost of the excise tax in premiums, the prices of plans will rise. A higher price means the excise tax would be higher, too.”

This would happen when the tax on a $10,000 individual plan adds $600 (40% of the $1,500 beyond the $8,500 threshold) to the cost, leaving a new premium of $10,600. The new cost will then be subject to the tax, boosting the premium another $840 (40% of the $2,100 over the $8,500 threshold). By now, that $10,000 plan is costing $11,440 a year.

“This cascading effect,” explains Dubay, “could raise the effective rate for the excise tax to 67% according to one estimate — considerably higher than the 40% specified in the bill.”

The problems don’t stop there. The growing premiums will drive many private employers that provide coverage for their workers to downgrade to cheaper insurance plans, which defeats the effort to improve health care.

A Liberal Democrat “soak the rich” scheme that blows up in their face and does the exact opposite. Nah, that never happened before… 🙂

(see Alternative Minimum Tax)

Most Americans don’t know what their insurance plans are worth. They’re happy to let their employers pay the premiums for them and believe that the money isn’t coming out of their pockets.

Very true.

Very Very true.

I heard a woman say, “Well, I just got out of the hospital. It cost $150,000. And I paid nothing. It was wonderful”

She was complaining about a $42 State Mandated charge in her car insurance. Because “I’m poor you know”.

Or the couple from Winnipeg, Manitoba, Canada on FOX last night, “I had my hip replaced for free. And my sister died of cancer but she never paid anything. And the taxes are very reasonable…”

This is the Canadian model the Democrats say they aren’t using. The one where if the government denies your medical procedure it’s illegal to pay for it yourself!!

UGH!

To quote a now politically incorrect comedian, “America, whatta country!”

“These are plans,” says the St. Pete newspaper, “that generally have very low co-pays and lots of extras.”

Sound familiar? Then either be prepared to pay more, or be stuck with a brass-plated, Yugo plan that’s more affordable. And while learning to settle for less, don’t forget: This grand reform effort coming out of Washington is supposed to improve our health care.(IBD)

And that doesn’t even cover the Energy Taxes coming down the pike.

More on that tomorrow.

Enjoy.