While Rome burns.
Posted on 12/06/2010 3:36:56 PM PST by ejdrapes
Two years was 0bama’s opening position. We should have argued for “Forever,” and settled on 6-8 years.
Who flipped already?
13 month extension of unemployment? What are they nuts? extend through the Christmas to Feb 1, 2011!!! That is it. The longer this goes on the more the unemployment will be.. Why work when you can sit at home twiddle your thumbs and get $450.00 a week? i hope the Republicans don’t buy into this!!!
One of the major goals of the election victory on Nov2nd was to force Obama to hold the line on taxes and extend the Bush era tax cuts. That goal has been accomplished. Albeit, only for two years.
Bottom line, Obama has lost!
Maybe instead of three quarters of the pie we should have held out for none of it at all. You know, there are some things more important than posturing.
Good points, dirtboy.
While Rome burns.
If you want a revolution, go dig up Thomas Jefferson.
Otherwise, this is a victory for conservatives and a huge loss for Zero and his leftist minions.
In 2010 the estate tax rate is 0%.
If this is victory, I'd hate to see defeat.
I am amazed that so many here do not realize the victory this is.....we will get to run in 2011 on making the taxes permanent....we will be able to run on killing the death tax.....kids...get a grip....
You must have read about a different deal and a different political climate in DC. The dems still control the Senate and the WH come Jan. On this deal - the Republicans won, Obama caved. Tax cuts extended for all Americans for 2 years. Of course the dems got unemployment benefits included. so what? We can only hope two years from now they can extend it again.
What is wrong with some of you? All Bush tax cuts extended for 2 years (when we may own the White House and Senate and House).
Capital gains and dividend cuts stay as well. The negative: a larger deficit, falling dollar and higher inflation in our future. Buy gold and silver while you still can.
You know it's good when the Left are going nuts tonight
The Bush tax cuts should absolutely *not* be restored, because they offer an amazing opportunity that should *not* be missed.
To downgrade and repair the Social Security System, while harming as few people as possible! Here’s the idea, and please tell people about it!
Not too long ago, “means testing” was proposed to help the SSS remain solvent. The idea was that people who already have money shouldn’t get SS benefits. It was a HUGELY UNPOPULAR idea. Politically impossible.
So instead, make people who are getting SS benefits a deal. If they need their SS money to live, fine, they can have their SS money. But if they have other income, give them a *choice* to instead of taking their SS money, to *not* take it.
Instead, they can get a *tax deduction* that would work out to them getting even *more* money, through saving their income money.
That is, the Bush tax cuts become the Social Security tax cuts.
And just because they are not taking the money owed them by SS, it makes the SS system *solvent*, overnight! And that’s phase one.
Phase two is to get people still paying into the SSS a similar deal, so they can *choose* to put money into an IRA, *instead* of SS, *and* cash in *another* year’s worth of the money they already paid into SS as a tax deduction, as long as that money also goes to their IRA.
This means that their IRA would gain two years of payments for every year they continued to earn income. A wonderful deal for them.
Again, the Bush tax cuts become Social Security tax cuts.
Lastly, only let people who are minimum wage (zone) workers enter the SS system in the first place. In the future, it will become a retirement system just for them, because they have no other retirement.
So this means that America not only gets all the benefits of the Bush tax cuts, but used in such as way as to stop the one of the two biggest drains on the federal budget.
Everybody wins. The well to do and the poor, the economy because of the tax cuts, and even the federal government doesn’t take any more of a hit than it is taking right now.
If we just restore the Bush tax cuts, we still have the huge problem of Social Security to deal with. Why not kill two birds with one stone?
One would think Chicken Little has assumed leadership of the FReepers...
No it's not a "good deal." Payroll taxes are what funds your social security account. Fewer dollars of your and your employer's contributions are going into YOUR account. In essence you get to get what should have been going into your Social Security "retirement" account.
Look up "Federal Insurance Contribution Act", "FICA," and "Social Security."
People need to understand what the numbers mean on their pay stubs.
You can give credit to Republicans if you like.
In my book, conservatives drove the agenda that gave the GOP victory on Nov2nd. Conservatives demanded the Bush tax cuts be extended.
Obama caved and both the American taxpayer and small businesses will not have their federal income taxes raised come Jan. 1ST 2011. Period. Those are the facts.
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