Wolf Blitzer delivers the most important news and political stories of the day. Tune to The Situation Room weekdays 5-6:30pm ET on CNN.
Rep. Emanuel Cleaver talks to CNN about his budget vote and his recent "colorful" tweet regarding the deal.
Calivancouver, "...people have a sense of ownership of iacsol security and medicare, something they've specifically paid for. It isn't regarded as a 'government program' but more like a possession. Best of all, programs like iacsol security actually function pretty well (as such things go)."So, you are suggesting that they are privatized accounts? You know how well that went over when President Bush proposed a little more ownership back in '05?Nope. People very much like to think of SS as govenrnment program. As the general freak-out wrt to Bush's plan to privatize a whole 10%! proved, people are quite content with the paternalism inherent to SS.But I do agree with you regarding it's performance. Ponzi schemes don't usually last this long. Especially when this myth of the "trust fund" or "lock box" went up in smoke when the Prez let the cat out of the bag last week by threatening to withhold SS checks. Not too tactically shrewd, is he.
This is my solution to our nation’s burden of debt.
Fair Share Tax Reform
In consideration of the following:
All individuals, organizations and businesses residing, existing or based within the United States of America share in the benefits of Local, State and Federal tax supported: fire department protection; law enforcement protection; food and drug quality protection; usage of maintained roadways, bridges, railways, dams, electrical lines, sewage treatment facilities, gas lines, water treatment and delivery systems, and mass communication systems; and military protection, among other services, necessary for safe living.
All individuals, organizations and businesses residing, existing or based within the United States of America, earning $35,000.00 or more gross annual income, shall share in the tax burden required to support such services and shall pay a minimum of 5% of their respective gross annual income as a Federal Income Tax, payable to the Internal Revenue Service on or before April 15 of each and every year.
No individual, organization or business residing, existing or based within the United States of America, earning $35,000.00 or more gross annual income shall be exempt from this minimum 5% Federal Income Tax.
The above legislation would insure that no large, profitable corporation or organization and no wealthy individual shall go from year to year paying miniscule or no taxes to support the many services provided through the tax support of our country’s citizens and businesses. This reform would be incorporated into our existing Federal Income Tax rules, regulations and laws. This legislation would not create a burden on the nation’s poor, nor limit the taxation percentages currently imposed on sources of income.
Well, congratulations to the invertebrates in BOTH political parties who call themselves our Members of Congress and our President! Despite all indications, they actually did what they were elected to do and took care of the nation's business. Of course they waited until the last minute, did the bare minimum and put our country's credit rating in danger, but hey–be grateful for small favors, right?
I have a great idea. How about launching a campaign now to vote against every incumbent in Congress and the White House in the next election? NOT ONE OF THESE PEOPLE deserves relection, and the loss of institutional wisdom would never be noticed.
We live in what used to be (and could be again) a great country, and the American people used to be (and could be again) a great people, but the current US government and a sleeping, gullible electorate has made the US a joke around the world. I'm not ready to give up on America, but how did we let it come to this?
Wolf's comment that Paul Ryan was a "natural" for the super congress committee showed a complete misunderstanding of what the American public wants, which is a civilized debate between reasonable politicians that results in compromise and fair legislative proposals. Paul Ryan's plan was roundly rejected by almost all economists, as well as the vast majority of the American people, which is why even though it got passed in a gop Congress that is devoted to symbolic gestures, it will never, ever be enacted. If, as Boehner suggested, the right side of the aisle is insistent on stuffing that committee with rank ideologues, then he must wish for the triggers that will naturally occur due to exactly the kind of repulsive behavior the country just witnessed and reviled. Perhaps if they try really hard, Congress can get their approval rating below double digits.
Notify me of follow-up comments via email.
The Situation Room with Wolf Blitzer is the command center for breaking news, politics and extraordinary reports from around the world. Tune in weeknights from 5-6:30pm ET on CNN.
Subscribe | About Wolf Blitzer
Enter your email address to subscribe to this blog and receive notifications of new posts by email.
Join 518 other followers