An Ol' Broad's Ramblings
Archive for November 2012
I’m rather fond of my Congresscritter, Marsha Blackburn. I think she does the best she can with what she has to work with…*chibber*…the likes of Nancy Pelosi. I don’t think I’d be able to deal with that creature on a regular basis. Here is her latest message to her constituents…like ME!
I’ve heard from many of you these past few days as you’ve shared your concerns on the Fiscal Cliff. I wanted to take a moment and let you know where we’ve been, where we are, and where we’re going.
It’s important to remember we did not get here overnight. In fact, this train has been a long time coming. Since I first took office in 2003, my colleagues and I have worked to make serious cuts into the budget. Every year, I went to the Floor and offered 1, 2, and 5 percent across-the-board cuts. In 2005, we passed the Deficit Reduction Act to reduce the annual growth of mandatory spending. Just last year, we presented the President and his party’s leaders in the Senate an opportunity to cut $61 billion as a first step to resolving our spending crisis.
It is a spending crisis. Washington has a spending problem, not a revenue problem. No amount of revenue will address the spending addiction of Washington’s bureaucrats. The problems we face will be solved not by raising taxes, but by drastically reducing spending.
Listed here are 4 of the many bills House Republicans have passed this year to help avoid the Fiscal Cliff:
• Sequester Reconciliation Act of 2012, H.R. 5652. The legislation would provide mandatory spending reductions in order to replace automatic cuts to discretionary spending (primarily from defense accounts) in 2013 under the Budget Control Act and to reduce the deficit. The savings generated from these reforms to mandatory programs would first be used to offset the approximately $78 billion cost of replacing the automatic across-the-board discretionary spending cuts that are scheduled to occur on January 2, 2013, under what is known as sequestration. The amount of $78 billion reflects the remainder of the FY 2013 discretionary sequester after accounting for lowering the FY 2013 discretionary cap from $1.047 to $1.028 as provided for in the House-approved Budget Resolution. The additional savings achieved through reconciliation beyond the $78 billion (over $180 billion in the next ten years) would further reduce the deficit.
• National Security and Jobs Protection Act, H.R. 6365. H.R. 6365 would repeal the across-the-board defense and non-defense discretionary spending cuts scheduled to occur on January 2, 2013, upon the enactment of H.R. 5652, the Sequester Replacement Reconciliation Act of 2012, or any legislation that offsets the automatic sequester with equal or greater spending reductions over the next five years. The bill in and of itself would not repeal the sequester. However, it would ensure that if any legislation to replace the sequester with alternative spending reductions were enacted, the sequester would be shut off. In the event that the sequestration is replaced, the bill would lower the discretionary spending cap for FY 2013 from $1.047 trillion to $1.028 trillion.
• Pathway to Job Creation through a Simpler, Fairer Tax Code Act of 2012, H.R. 6169. H.R. 6169 would provide an expedited pathway to pro-growth tax reform in 2013. H.R. 6169, the Pathway to Job Creation through a Simpler, Fairer Tax Code Act of 2012, would require the House and Senate to consider tax reform legislation according to an expedited timeline.
• Job Protection and Recession Prevention Act of 2012, H.R. 8. H.R. 8 would provide a one year extension of all current individual tax rates, as well as the 15 percent top rate on capital gains and dividends. The proposal would also extend for one year the estate tax rates at their current levels, the $1,000 child tax credit, marriage penalty relief and certain educational tax credits. The bill would also provide higher small business expensing limits for one year and would repeal the personal exemption phase-out and the “Pease” limitations in 2013. Finally, the bill would provide a two-year AMT patch which would be adjusted for inflation. Coupled with H.R. 6169, H.R. 8 will ensure that individual tax rates will not increase while comprehensive, pro-growth tax reform is crafter under expedited procedures in 2013.
As we move forward, I wanted to remind you of the promise I made to you not to raise taxes. Our problem is not that Washington taxes too little, it’s that we spend too much. I am opposed to raising tax rates. Instead, Congress needs to focus on solutions such as cleaning up the tax code, closing loopholes, addressing meaningful entitlement reform, and making real spending cuts. If we don’t change course, we’re headed toward a bleak fiscal and economic future.
As you can tell, it’s not the Republicans that are blocking anything. They put forth bill after bill with the same results. The Democrats (socialists), both in the Senate and the White House, don’t want to solve the problem. They want to spend, spend, spend…and tax, tax, tax so they can spend, spend, spend. So, when we fall off that ‘fiscal cliff’, no matter what is put forth, remember just who it is that prevent anything from getting accomplished.
One thing though…it’s the House that controls the purse strings. The House can refuse to fund the Democrats stupidity. I’d suggest they take that purse, and put a lock on it, until they Dims learn how to balance a checkbook. Stop funding the alphabets that are pushing crippling regulations.
So have we! Just remember that, Mr Obama!
Aren’t these people suppose to be actually WORKING? You know…earning that inflated salary they get from the taxpayers?
Hmmm… reckon it’s more important to be able to find excuses for munching Christmas cookies than…oh…I dunno… PROTECT OUR AMBASSADORS???
Imagine a person typing on a laptop in an airport. A common sight in today’s world of telecomputing.
Across the way at a gate, a passenger getting ready to board a plane suddenly grabs his chest and collapses.
The businessman closes his laptop and walks away, disappearing down the concourse as a crowd starts to surround the dying man.
What sounds like something out of a spy movie is very possible in real life.
IT experts have reported recently that implanted medical devices could be endangering the lives of the people who have them. They say that the devices are not properly secured and are vulnerable to attack by hackers armed with only a laptop and easily available computer components.
Oh, that’s just freakin’ peachy! Someone wants to mess with my internal mp3 player? Nice people, eh? Don’t people have something better to do, like….oh…I dunno….pull their heads out of their hinders? Just for starters!!!
Nation-states and terrorists already have the will to commit murder and have exercised it many times. Using a laptop as the weapon of choice in an assassination attempt also has the added benefit of looking innocuous.
As one audience member of the Breakpoint Conference put it, “There’s no muzzle flash with a laptop.”
Yeah… while we’re at it…how about we give them even more ideas how to mess with us….creating more dead bodies. Well, I’m not planning on flying anywhere in the near, or distant, future.
Steven responded to my post (Heritage’s The Foundry) about Warren Buffet, and it’s a pretty good one, so, I decided to post the whole thing…right here! But I still think Buffet is mad as a hatter. Heh.
No, Warren Buffet isn’t an idiot, or mad, or senile. IMO he’s been wealthy for so long he’s forgotten what it’s like for a small business owner to create and sustain a small company.
Also, yea, he’s 82, so he’s looking back on life and wishing he’d been more altruistic, left a better world, and now he wants to do that – but it’ll be you and me who pay for his “missed utopian dream”.
A few facts:
1) Yes we did have growth during times of high taxes – massive growth in fact. Primarily liberals point to the taxes immediately following WWII.
The educated amongst them know this is a crap sandwich, but the average non-researching lefty honestly believes it.
Sure after WWII taxes were high, but our economy grew by leaps and bounds. Why? Because MILLIONS of service members left the military and started businesses, got college degrees and joined the jobs rolls, and, oh, one other small thing: The rest of the world was rebuilding from zero in the middle of piles of rubble and their economies were wrecked.
2) Americans WILL invest, even with higher rates – but in different ways. Land and property for example will go up as those are tangible assets. Americans will invest in the foreign exchanges with companies that are letter drop incorporated in other nations (with lower tax rates).
For instance – and slightly off topic, but highly illustrative: The Kennedy family fortune, estimated to be between 250 million to more than a billion dollars, is held as incorporated in many trusts and corporations centered on the island nation of Fiji. Yep, the “Lion of the Senate” (good grief) who championed a 50%+ death tax made sure that his family paid almost NOTHING when wealth transferred from one generation to another in HIS family.
So, again Warren Buffet isn’t an idiot, senile or just dumb, but he knows that approximately 95% of the American people know none of this.
However, comma, the rich have investment analysts who are PAID to know how to protect asset loss. And Buffett knows that too. So, he’s an ass.
3) The AMT or any other patch-as-you-go tax, and all the other loopholes, guidelines, and what-have-you are the reasons we have a tax code of 77,000 pages. It’s insane. Freaking insane.
Here’s why it most likely won’t change. I own a business in, say, Idaho. Several of us who own similar businesses realize that taxes on our businesses suck ass, and we hire a lobbyist. The lobbyist goes to Washington and proposes a change to the tax code – purely “out of fairness” don’t you know – so that his/her bottom line is more rosy. While this tiny loss of revenue isn’t big in the scheme of things, each and every OTHER person has to make up for the revenue shortfall. One or two or even a hundred of these exemptions isn’t a big deal (although I disagree with them), but when the tax code has reached ***77,000*** pages due to all the “special considerations”, then we know we need to scrap this monstrosity and start over.
A simple one page tax would fix ALL of this. A certain % on consumption, exempting only food would clear this all up. Oh, by the way, freaking Russia did this – and tax revenues to the gov’t went UP, because the tax code was so simplified and hard to dodge.
But, gee, if revenue would go up, and it would make everything fair – why hasn’t it been done?
Because once it is, no one has to hire lobbyists (many of whom are former members of Congress, or their staff) to go to Congress to kiss their rings, and, oh, TOTAL COINCIDENCE contribute to their re-election campaign “so they can go and fight for us for more fair tax exemptions”.
See how that works?
4) This one is so dumb I’ll just respond thusly: A coke addict will NEVER be satisfied with the amount of coke they have – they’ll always need “just a LITTLE bit more”. And they will pull every emotional manipulation in the book to keep that high going.
“Not enough revenue”!? Maybe, but even if that were true, the problem is that they manage it so poorly that I wouldn’t trust them to plan a one way street on a salt flat, much less an economy.
Don’t you find it a wee bit hypocritical when the left squawks and squalls about ‘big business’, but have NO problem with the BIGGEST business of all….the federal government? You hear it all the time… “If I ran my business the way the government does, I’d be OUT of business.” Yep… in a heartbeat! So, how does government continue to run? ….. Oh…there are some comments I could throw in here, but I’m going to refrain, because I DO try to remember I’m a lady!
The federal government is a cancer, eating away at the lives of liberty loving Americans. The socialists amongst us? I could give a happy crap. They can fall over any cliff they choose…we’ll even help! But for the rest of us who remember a bit what freedom was like, why must we be dragged along with them? One answer would be we have an extremely ill informed population, that tends to vote without ever thinking of the ramifications for the future. Those who choose to be willfully ignorant should have to take a litmus test before walking into that booth! To put it quite bluntly, no one is ‘entitled’ to anything they did not earn!
Social Security has been paid for by those who worked long hours, and earned it. The same with Medicare. They are not ‘entitlements’. However, the extremely wealthy, who do not need the extra income need to forgo that check, and eventually the whole system should be phased out. Let people be responsible for their own retirement….just like our grandparents, and parents. Food Stamps, Medicaid, and those little cards, loaded with cash, which some considering their ‘right’ are, on the other hand, ‘entitlements’. Yes, there are many who need assistance. That’s what churches and a large variety of charities are for…not the government. So, when they talk about reform, what they need to talk about it ending the fraud.
Heritage has some good ideas here, but that’s only a drop in the bucket, and a good start. There is much more than could be done to head off the disaster we are facing, things that Washington won’t even consider. This country is fiscally, culturally, and morally bankrupt. And the 3 of them are the reason we will fall, no matter what size band-aid they decide to slap on the economic problem.
6 Fixes to America’s Fiscal Crisis
President Obama made his first offer to congressional Republicans yesterday in negotiations over the “fiscal cliff”—an economic catastrophe of tax hikes just a few weeks away.
The White House’s proposal? $1.6 trillion in tax increases, $50 billion in new stimulus spending, and a change that would make it easier to raise the debt limit—so that all this spending could continue.
Senate Minority Leader Mitch McConnell (R-KY) couldn’t contain his laughter at these suggestions.
One congressional aide said the offer “amounts to little more than reiterating the President’s budget request—which failed to get a single vote in the House or Senate.”
Perhaps House Republicans could simply bring President Obama’s latest proposal up for another vote to see if anything has changed.
The “fiscal cliff” is man-made. Congress—primarily the liberal-led Senate—and the President built it themselves through their legislative decisions over the past four years, and then they turned away and tried not to look at it until after the election.
Since my doctor’s appointment was at the crack of dawn…well, for me… we spent the night in Jackson so I could make it by 9:15. Ok, we all know I’m not a morning person, so hush. And then to drive 90 minutes over there? I don’t think so! Pfft! It’s a miracle I was able to semi function as it was. And THAT’S why, there were no posts this morning.
What did I find out? Not a whole lot. Yes, my back is screwed up. I needed a doctor to tell me this? Problem is, he didn’t get all the info from the other doc, who got the info from a previous doc, and now, I have to go back on the 13th so he can come up with a plan of action. Right now, we have 3 options. Drugs, drugs and therapy, or surgery. Don’t like that last option at all! But, after using all kinds of big buck 95 words, and me with the deer in the headlights look all the while, he did say he wanted to try the first two options before even considering the third. Wise man!
He mentioned all kind of meds, some of which I have tried in the past, that either didn’t help, or I had some serious side effects, so those were ruled out. He told me that some anti-depressants work better on pain than they do on depression, but since I’ve had some rather bizarre side effects with a few of those (for the same reason), that doesn’t seem to be a viable option either. I’m sorry, but when I see my plain ol’ beige carpeting with pink and purple patterns growing……???? Oh… NOT gonna happen. This ain’t the 60s and I never much cared to see things that weren’t there!
Most likely, I’ll be getting either shots, or some sort of implant thingy since it’s my entire spine that is affected. Or not. Who knows at this point. I suppose I’ll just have to be patient, and do the wait and see thing after he takes a gander at all the rest of the test results from the previous doc. Hopefully, I won’t have to repeat any of them, and since I have the pacemaker, there will be NO MRIs in my future.
So, here I am….still stuck, with little relief in sight…for the moment. At my age, I’m starting to forget what it’s like to be functional and semi normal anyway! Not quite ready for this…. yet!