Repeal Elections for McConnell and Boehner or Just Resign as Sorry "Leaders?"

Graewoulf | December 23, 2011 | Graewoulf

[Graewoulf]

The last non-Socialist Leader in the US Federal Government caved in last night to the Socialist-Democrat Wing of the once proud Democrat Party. Yep, ol' Boehner-Head finally cut all pretense of protecting the TAXED ENOUGH ALREADY folks from the terrible damage done to America by the Socialist-Democrats led by Chairman Obama, "Bottleneck" Reid and of course, certifiably brain-dead, Ex-Bottleneck, Princess Nancy.

All of this could have been avoided if Son-of-a-Mitch McConnell had not joined the Socialist-Democrat Party and caved in to "Bottleneck" Reid on the payroll 2/3 tax "deal." Pay 2 month taxes on a quarterly basis. Yep, both Mitch and Boehner are either cowards or stuck on stupid. In my humble, but ALWAYS correct opinion, it is both for each of them.

Now that there is no one in the District of Corruption to protect America, it is up to us to stop the destruction that is Obamanation.

Should the sorry Congressional "Leaders," McConnell and Boehner resign their LEADERSHIP positions in 2011, or should repeal elections be held in early 2012 to put them in a more honest profession, such as used car salesmen?

[Diogenesis]

Grand juries should begin indicting Congress.

They are traitors to America and their Oaths.
They have encouraged Obama’s treason for YEARS
and belong in prison with him.

[niteowl77]

Both Boehner and McConnell are good examples of men who are not only perpetually overmatched, but men who lack wisdom AND moral courage. I would not want them as the heads of accounting or shipping departments in a mid-sized company, let alone positions of power in a government. That Boehner, McConnell and silver-spoon perennial candidate Mitt Romney continue one day longer in anything other than the rear view mirror of politics show that the precious controlling pimples on the GOP's ass (the Bush Dynasty, Karl Rove, et al) love hapless mediocrities less perceptive than Charlie Brown (who is at least aware that Lucy is likely to pull the football away).

Repeal elections? Resignations? Whatever it takes. Give them plenty of time to play golf with anyone who can stomach their company, but for God's sake, make them go. To paraphrase Talleyrand, "They are worse than evil, they are embarrassing."

Mr. niteowl77

[july4thfreedomfoundation]

The TEA Party needs to be just that.....a conservative, new political party that replaces the lame-ass GOP on the local, state and federal levels.

GOP = Get Out of Politics

[Scotsman will be Free]

boehner is third poodle. That asshole has sold us out at every opportunity.

[kabar]

All I know is that the payroll tax is being lowered and it was INSANITY for Republicans ever to oppose that.

It is insane not to understand what is happening with the phony shell game. The lowering of the SS contribution (not tax) is using SS as a conduit for another unfunded stimulus bill. It is a scam.

SS is a pay as you go program, i.e., revenue is collected and benefits paid out. Right now SS is running in red and has been since 2010. It will continue to run into the red until all of the IOUs in the SSTF are exhausted around 2036. In order to make up the shortfall, the IOUs (non-market T-bills) in the SSTF must redeemed by the General Fund so benefits can be paid. 42 cents of every federal dollar spent must be borrowed so we are borrowing money to pay the benefits. It adds to the deficit and the national debt.

The politicians say that they will hold SS harmless and pay for loss of revenue by increasing taxes or fees. This is where the real scam comes in. They collect the money and use it for whatever they want over a ten year period while depositing more IOUs into the SSTF to make up the loss of revenue. In essence, this is the same scam that was used when SS was running a "surplus," i.e., revenues exceeed benefit payouts. The politicians deposited the surplus into the General Fund and spent it and issued IOUs in the amount of the surplus and deposited them into the SSTF, which is an unfunded liability that is reflected in our $15 trillion national debt.

So you are laboring under the false impression that you get to keep more of your own money, when in fact, you and your children and your grandchildren will be responsibile for paying it back. This is another scam to fool the people that they can get something for nothing. There is no free lunch. This is the SS Stimulus Bill and should be known as such.

[vaudine]

Well said,andwhat I havebeen saying in slightly different words. Anyone who really thinks they are getting something for nothing in this "tax cut", i.e. defunding of SS pay as you go, is a fool. We will ALL make up for it in so many new taxes, we will be broke every day after payday--broker than now, I should say.

You get it.

vaudine

[llandres]

Well, believe it or not, the reason most of the people rate congress so low is the opposite of our opinion - they think both sides should “work together” more, and they view Boehner and the Repubs as “uncooperative, obstinately, partisan and unwilling to compromise”. Yet we here chastise Boehner as caving and the Repubs for not standing their ground. He’s/they’re damned if they do and damned if they don’t.

[kabar]

Source: CBO "Combined OASDI Trust Funds; January 2011 Baseline" 26 Jan 2011. Note: See "Primary Surplus" line (which is negative, indicating a deficit)

Matters are even worse than this chart shows. In December, Congress passed a Social Security tax reduction. Workers are temporarily paying 2 percentage points less, from 6.2 percent to 4.2 percent, in Social Security payroll taxes this calendar year. Since the government is making up the shortfall out of general revenues, CBO’s deficit projections for the trust funds do not include that. But CBO’s figures predict that the "payroll tax holiday" will cost the government’s general fund $85 billion in this fiscal year and $29 billion in fiscal year 2012 (which starts Oct.1, 2011.) Since every dollar of that will have to be borrowed, the combined effect of the " tax holiday" and the annual deficits will amount to a $130 billion addition to the federal deficit in the current fiscal year, and $59 billion in fiscal 2012.

Social Security has passed a tipping point. For years it generated more revenue than it consumed, holding down the overall federal deficit and allowing Congress to spend more freely for other things. But those days are gone. Rather than lessening the federal deficit, Social Security has at last — as long predicted — become a drag on the government’s overall finances.

As recently as October, CBO was projecting that it would be 2016 before outlays regularly exceed revenues. But Social Security’s fiscal troubles are more severe than was thought, and the latest projections show the permanent deficits started several years ahead of earlier predictions.

Don’t be confused by the fact that the trust funds are projected to continue growing for several more years. That’s because Treasury must still credit interest payments to the funds on the borrowings from earlier years. But unless taxes are increased or other spending is cut severely, the government will have to borrow from the public to pay the interest that it owes to the trust funds.

And don’t be misled by those who say the system can pay full benefits until about 2037 without making any changes to the law. That’s true, but does not change the fact that Social Security taxes no longer cover those benefits. The government is now borrowing money to pay them, and will do so every year for the foreseeable future. And keep in mind, if nothing is done, when those trust funds are exhausted, benefits would have to be cut by 22 percent in 2037, and more each year after that, according to the most recent report of the system’s trustees. By 2084, the system will generate only enough revenue to pay for 75 percent of promised benefit levels.

[llandres]

That’s how I explain the reason BHO does everything he does and why it’s easy to predict his future actions, particularly his foreign policy. He’s determined to take our country down, both economically and militarily, destroying our alliances and encouraging our enemies.

In our congress, I believe there ARE good, conservative tea party (freshman) members but not yet enough pf them. Just today I saw a clip of Harry Reid smugly saying that he hoped they “learned a lesson today”. We also badly need more of them in the Senate.

[Graewoulf]

” - - - There is no free lunch.”

This is one point that you and I can agree on.

For nearly 80 years, the Socialist/Con-Artist/Snake-Oil sales pitch has been “America will be better off with a cradle-to-grave Safety Net.”

From Northeastern Democrat FDR to Bolshevik Chairman Obama our Socialist Government has gotten larger, and our National Debt has gotten even larger than the rate of growth of the Socialist Wing of the former Democrat Party.

Today, the Socialist Wing of the US Federal Government overspends by 1.3 TRILLION dollars each year, and simply adds it to the National Debt to be paid for by our Grandchildren and their descendants.

These sorry, Federal politicians depend on the fact that we do not Impeach AND remove from office, or recall them.

Jail, of course is out of the question for the biggest thieves that the World has ever known: Elected Federal Politicians.

Due to the lack of curiosity on the part of the American taxpayer, and gullibility on the part of our sorry, brain-dead, Federal politicians, there exists the myth that somehow in a Nation with a 15 Trillion dollar Debt there exists a sacred “Trust” Fund for Social Security (see Reply # 21, this thread).

ALL OF ANY MONEY SENT TO DC GOES INTO THE GENERAL FUND!!!!!!!!!!!!!!!

NONE OF THAT MONEY GOES INTO A TRUST FUND!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

THERE ARE NO, OR EVER HAVE BEEN, FEDERAL TRUST FUNDS!!!!!!!!!!!!!!!!!!!!

THE FEDERAL POLITICIANS CONTINUE TO LIE TO US!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

A “SHOW ME THE MONEY!” test quickly puts an end to this “Trust Fund” myth for ANY Federal Program.

There are no Federal Trust Funds, Santa Claus, or honor among the members of the Socialist-Democrat Wing of the once proud Democrat Party.

Will the former Southern Democrat Mentality return to the now useless Democrat Party? Let us hope so, as our disgusting RINO Political Party has just veered to the left of the philosophy of the former Southern Democrat Party.

The former proud Republican Political Party morphed into the sorry, “Republicans In Name Only” political party decades ago.

Now with “Leaders” McConnell and Boehner caving in to the Socialists/Bolsheviks, the RINO Party has set themselves adrift from the core values of what was the greatest Nation that the World had ever seen, The United States of America.

This is an excellent time for Presidential, Senate, and Representative Candidates of Honor to run for elected office.

We need some “King Arthurs” to pull the Sword of Liberty out of the Millstone of Socialism that is around the throat of every American.

Today, I heard Speaker of the House Boehner-Head defiantly proclaim “that there would be no more short-term deals.” Right, we believe that as much as we believed the GHWB pledge of: “Read my lips, NO-NEW-TAXES!”

I am reminded of kids in a school yard: “Now you quit it out! This is the last time that I am that I am going to let you take money from my piggy bank without telling Mom! I mean it! This time, I really, really mean it, you, you - - - booger-head!”

FDR’s Socialism has cruelly pierced deeper into the heart of America by every US President who has spent more per administration than the income for that same period, in other words: ALL OF THEM!

So here we are with our Socialist Safety Net, headquartered at 1600 Plantation Avenue, and a Total National Debt at more than 100 % greater than America’s Gross National Product.

Until the National Debt Clock starts running backwards, our SPENDAHOLIC Federal politicians will continue to spend every penny that they can tax us out of.

Thus, the first step is to starve the STEELY BEAST, otherwise known as The US Federal Government, is to reduce income.

The second step is for the damned Federal politicians turn to cut baseline Federal spending, year to year. (see Reply # 31, this thread.)

Yes, the con-artist politicians will go kicking and screaming into their usual hissy-fit, just like any spoiled brat would when his/her favorite toy is taken away.

Graewoulf will be smiling. How about you?

BTW, to clear up one point, in my humble, but ALWAYS correct opinion, any payment that I am forced to pay to any government at the point of their gun, is a tax. Try not paying your “fees” sometime, and then explain to all of us how we differ from the serfs/slaves on the Feudal Lands/Plantations of not so long ago.

[WilliamIII]

So you are laboring under the false impression that you get to keep more of your own money, when in fact, you and your children and your grandchildren will be responsibile for paying it back.

Sorry, but when more of my money is left in my paycheck, my impression that I “get to keep more of my own money” is CORRECT, not “false.”

YOUR impression, that there is anything guaranteed about future Social Security benefits, is FALSE. “Entitlement reform” means CUTTING BENEFITS — and that’s what they’re going to be doing. I want to keep my own money to save for my own retirement, thank you. SS is a ponzi/income transfer/welfare program. If you think it’s great — and you want it “fully funded” — then you must LOVE Obamacare!

[kabar]

THERE ARE NO, OR EVER HAVE BEEN, FEDERAL TRUST FUNDS!!!!!!!!!!!!!!!!!!!!

There are but they contain no assets, just unfunded liabilities backed by the full faith and credit of the US Treasury.

Trust Funds and Measures of Federal Debt

All of the various trust funds are included in the $15 trillion national debt and held under the category of "Intragovernmental Holdings" as distinct from the publicly held debt.

In total, the federal budget has more than 200 trust funds, although most of the money is credited to fewer than a dozen of them. Among the largest trust funds are the two for Social Security (the Old-Age and Survivors Insurance Trust Fund and the Disability Insurance [DI] Trust Fund) and the funds dedicated to Medicare’s Hospital Insurance (HI) program (also known as Part A), civil service retirement, and military retirement.

[Graewoulf]

NO! I treasure EVERY tax cut as it is the ONLY way to reduce the income to the US Federal Government, see Replies #, 21, 31, and 50 on this thread.

Businesses pay Payroll Taxes to the Feds every 3 months, and the socialst-Denocrats want to defer taxing for 2 months. Actually the payroll tax rate is still 4.2 % and will go back up to 6.2 % after 2 months.

The SSS is essentially an annuity that we are forced to buy at the point of the Federal Gun, and this SSS Annuity pays a whopping 1.2 % at maturity, if one lives that long.

[kabar]

The SSS is essentially an annuity that we are forced to buy at the point of the Federal Gun, and this SSS Annuity pays a whopping 1.2 % at maturity, if one lives that long.

It depends where you are on the Ponzi scheme pyramid. Those of us already on SS will receive back far more than we ever put in. In the case of Medicare, the average recipient receives back three times what they contributed.

Why Social Security is a Ponzi Scheme

[kabar]

Sorry, but when more of my money is left in my paycheck, my impression that I “get to keep more of my own money” is CORRECT, not “false.”

Your comment reminds me of some Obama supporters who believed that Obama would take care of their gas etc. Here is the video--Obama Stash

ROGULSKI:Why are you here ?

Woman: To get some money

ROGULSKI: What kind of Money ?

Woman: Obama money

ROGULSKI: Where’s it coming from ?

Woman: Obama

ROGULSKI: And where did Obama get it from ?

WOMAN: I don’t know, his stash. I don’t know. I don’t know where he got it from, but he’s givin’ it to us. And we love him. That’s why we voted for him. O-ba-ma. O-ba-ma. (…)

ROGULSKI: Did you get an application to fill out yet?

WOMAN: I sure did. And I filled it out, and I am waiting to see what the results are going to be.

ROGULSKI: Will you know today how much money you’re getting?

WOMAN: No, I won’t, but I’m waiting for a phone call.

ROGULSKI: Where’s the money coming from?

WOMAN: I believe it’s coming from the City of Detroit or the state.

ROGULSKI: Where did they get it from?

WOMAN: Some funds that was forgiven (sic) by Obama.

ROGULSKI: And where did Obama get the funds?

WOMAN: Obama getting the funds from… Ummm, I have no idea, to tell you the truth. He’s the president.

So my question to you is where is the money coming from so that you can keep more of your pay check?

I want to keep my own money to save for my own retirement, thank you. SS is a ponzi/income transfer/welfare program. If you think it’s great — and you want it “fully funded” — then you must LOVE Obamacare!

LOL. So you believe that the two years of a 2% of the payroll contribution will help you save more money for your own retirement? Do you really think that anyone's retirement won't be affected by a collapse of the US economy due to out of control spending and borrowing? The US Government is borrowing more money so you can have that 2%. It will add close to $200 billion to the national debt. And 42% of that money will be borrowed. This is Obama's stash.

See my post #54. Do you think that by having Medicare pay out three times more than you contributed will help you save more money for your retirement? Is that the criterion that we should use when judging the welfare state? As long as I can minimize my costs at the expense of the taxpayer, its OK. Who cares where the money is coming from. Let's just print and borrow more money and let the good times roll. The problem is that eventually you run out of other people's money.

SS is a Ponze scheme and Medicare is grand larceny. They will consume the entire federal budget unless they are changed. We have 54 million on SS, 47 million on Medicare, 60 million on Medicaid, 46 million on food stamps, and 26 million on EITC. The main function of government has become wealth redistribution.

Unlike you, I don't blindly support any tax/contribution reduction without trying to understand how it impacts the deficit and national debt. The Social Security stimulus is no different than Obama's stimulus or Bush's rebate. They do little to stiumulate the economy and drive us deeper in debt. Let's privatize SS and use any reduction in contributions for personal accounts.

[Graewoulf]

When you described trust funds as follows:

“- - - There are but they contain no assets, just unfunded liabilities backed by the full faith and credit of the US Treasury.”

then how does your description differ from a journal entry of debt?

[kabar]

The trust funds contain interst bearing, non-market T-bills that are redeemable only by the USG and are non transferable. They can be redeemed at face value.

"When a trust fund receives payroll taxes or other income that is not needed to pay benefits immediately, the Treasury credits the fund and uses the excess cash to reduce the amount of new federal borrowing that is needed to finance the governmentwide deficit. That is, if other tax and spending policies are unchanged, the government borrows less from the public than it would in the absence of those excess funds. The reverse is the case when revenues for a trust fund program fall short of expenses. Thus, the balances of trust funds are not a measure of resources available to pay future obligations for the respective programs; those resources will need to come from federal revenues or additional borrowing in the years those obligations are due."

[Graewoulf]

Thanks for your comments, and the hotlink to Jim Hammock.

Thanks to the Internet, we no longer have to hope that some “suit” in a newspaper or TV news station deems our opinions to be “All the news that is fit to print.”

[Graewoulf]

Your quote from the fore-most Economist of the last century sums up my comments much better than I can. To wit:

“I am in favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it’s possible.” — Milton Friedman

[Graewoulf]

If one’s goal is to “just keep getting rid of the leaders” then I agree with you. Doing so is similar to mowing grass during a warm, moist summer, because another blade/leader will shoot up the next day. It is an exercise in futility.

To retain an incompetent person in the position of a leader is to insure that you will get mowed down. Obama is a perfect example of that.

In Business, Military or Congress it is a matter of self-preservation to have leaders in leadership positions, followers in follow position, and the rest of the people to get the Hell out of the way.