Senate 2 a.m. began this TAX DAY of Infamy…House ended it with 11 p.m. vote ensuring another $4 Trillion addition to the US Debt by 2022….parts of the bill are stopgap until a February 2013 new battle in congress.-77% of taxpayers must pay more IRS tax.Spending will increase by $332 Billion as the Treasury prints new “dollar” bills….and for 2 months the agreed spending cuts of $110 Billion are suspended….IMO never to be cut.-Obama in his triumphant speech made it crystal clear he intends to continue raising taxes and redistributing OTHER PEOPLE’S WEALTH….Voters, what hath ye wrought?
If anyone finds a website identifying the bills added to the fiscal cliff agreement I would like to see it. If amendments, pork, riders, earmarks, etc were added to this bill and slowed or weakened, I want to know so I can complain to my legislators properly. We need to give the next President the line item veto. And I say the next President because no one knows if that will be a Dem, Rep, or other, so both parties are more able to approve this in a bipartisan fashion.Respectfully,C.
My wife and I are losing over $3000 in tax raises this year, because of the expiration of the payroll tax cut (that was the EFFECTIVE tax cut). I wish we had rational people in charge instead of Republicans, maybe we could get this economy moving again. The deficit is largely due to the depression, once the economy gets moving (which requires government stimulus, since the private sector is sitting on its hands), the deficit will be greatly reduced.
Mr. Ima, have you caught Peter King’s whining because the “Sandy bill” didn’t get passed to send money to HIS area? I DO think that it’s the fed that protects people in states and counties, “general welfare”, when disaster strikes they can’t afford to handle on their own (don’t believe in “sink or swim” like "conservatives), but it IS interesting how it’s Republicans who are against helping their “neighbors”, but sure scream if THEY don’t get the “pork”.
@Rodney….i disagree with your post.1. the GOP is not “in charge” of the federal government. since the GOP gained the majority in the House, they passed dozens of “rational” bills that the Dems in the Senate filed in the Wastebasket.-2. the recession has 2 “causes”….failures in home mortgages due to Fannie and Freddy interfering with loaners…coercing loans to buyers without the ability to repay….business slowdowns and joblessness….all due to government intrusions. The biggest cause IMO is elected members of congress plus a spendthrift president addicted to spending more on any past program plus new programs to “help” businesses and individuals who vote Democrat….running 4 years of more than $1 Trillion deficits each year….boosting January 1, 2009 total debt of $10.6 Trillion to December 2012 total of $16.4 Trillion!
@MSter….I know the fiscal year dates….every news item/article quoting treasury numbers gives the January 2009 debt as $10.6 Trillion……Obama was sworn into office on 1/20 or 1/21…and made all spending decisions from that date until FY ’09 ended 9/30/09 and every overblown spending budget Obama sent to congress failed to be passed…the Democrat Senate voted in the 99-0 range each year against the DOA Obama “budget”….-IMO GW Bush erred in agreeing to TARP…but the bill did not force Obama to spend every available dollar! Obama should be held responsible for the spending he demanded and is still demanding…..in spite of $16.4 Trillion unpayable debt.
People who do this with their personal debt wind up in bankrupt court or changing their name and skipping town. I don’t know of a bankrupt court that could handle this – could we break up into 50 separate countries and tell the creditors that they could have everything in Washington DC?
“Also, the payroll tax rate rises from 4.2 percent to 6.2 percent, which will affect 77.1 percent of all households in the nation. Workers earning anywhere from $50,000 to $200,000 will pay more in taxes, with the average increase amounting to $1,635.”(quote from cnsnews.com…..1/2/13 article by Patrick Burke, who quotes from several conservative members of congress and from Media Research Center chairman Brent Bozell about the House passage of a bill that steers the continuing expanding of government and debt.)
zoidknight over 11 years ago
Nice try, it should read Senate, not Congress.
disgustedtaxpayer over 11 years ago
Senate 2 a.m. began this TAX DAY of Infamy…House ended it with 11 p.m. vote ensuring another $4 Trillion addition to the US Debt by 2022….parts of the bill are stopgap until a February 2013 new battle in congress.-77% of taxpayers must pay more IRS tax.Spending will increase by $332 Billion as the Treasury prints new “dollar” bills….and for 2 months the agreed spending cuts of $110 Billion are suspended….IMO never to be cut.-Obama in his triumphant speech made it crystal clear he intends to continue raising taxes and redistributing OTHER PEOPLE’S WEALTH….Voters, what hath ye wrought?
chazandru over 11 years ago
If anyone finds a website identifying the bills added to the fiscal cliff agreement I would like to see it. If amendments, pork, riders, earmarks, etc were added to this bill and slowed or weakened, I want to know so I can complain to my legislators properly. We need to give the next President the line item veto. And I say the next President because no one knows if that will be a Dem, Rep, or other, so both parties are more able to approve this in a bipartisan fashion.Respectfully,C.
disgustedtaxpayer over 11 years ago
http://money.cnn.com/2012/12/31/news/economy/more-fiscal-cliffs/index.html“3 More Fiscal Cliffs” printed 2 pages
Cinci Steve over 11 years ago
So the average family will have about $150 less per month when they are already struggling to pay the bills.
And this is an “accomplishment”???
ARodney over 11 years ago
My wife and I are losing over $3000 in tax raises this year, because of the expiration of the payroll tax cut (that was the EFFECTIVE tax cut). I wish we had rational people in charge instead of Republicans, maybe we could get this economy moving again. The deficit is largely due to the depression, once the economy gets moving (which requires government stimulus, since the private sector is sitting on its hands), the deficit will be greatly reduced.
Dtroutma over 11 years ago
Mr. Ima, have you caught Peter King’s whining because the “Sandy bill” didn’t get passed to send money to HIS area? I DO think that it’s the fed that protects people in states and counties, “general welfare”, when disaster strikes they can’t afford to handle on their own (don’t believe in “sink or swim” like "conservatives), but it IS interesting how it’s Republicans who are against helping their “neighbors”, but sure scream if THEY don’t get the “pork”.
disgustedtaxpayer over 11 years ago
@Rodney….i disagree with your post.1. the GOP is not “in charge” of the federal government. since the GOP gained the majority in the House, they passed dozens of “rational” bills that the Dems in the Senate filed in the Wastebasket.-2. the recession has 2 “causes”….failures in home mortgages due to Fannie and Freddy interfering with loaners…coercing loans to buyers without the ability to repay….business slowdowns and joblessness….all due to government intrusions. The biggest cause IMO is elected members of congress plus a spendthrift president addicted to spending more on any past program plus new programs to “help” businesses and individuals who vote Democrat….running 4 years of more than $1 Trillion deficits each year….boosting January 1, 2009 total debt of $10.6 Trillion to December 2012 total of $16.4 Trillion!
disgustedtaxpayer over 11 years ago
@MSter….I know the fiscal year dates….every news item/article quoting treasury numbers gives the January 2009 debt as $10.6 Trillion……Obama was sworn into office on 1/20 or 1/21…and made all spending decisions from that date until FY ’09 ended 9/30/09 and every overblown spending budget Obama sent to congress failed to be passed…the Democrat Senate voted in the 99-0 range each year against the DOA Obama “budget”….-IMO GW Bush erred in agreeing to TARP…but the bill did not force Obama to spend every available dollar! Obama should be held responsible for the spending he demanded and is still demanding…..in spite of $16.4 Trillion unpayable debt.
wcssharpe over 11 years ago
People who do this with their personal debt wind up in bankrupt court or changing their name and skipping town. I don’t know of a bankrupt court that could handle this – could we break up into 50 separate countries and tell the creditors that they could have everything in Washington DC?
disgustedtaxpayer over 11 years ago
“Also, the payroll tax rate rises from 4.2 percent to 6.2 percent, which will affect 77.1 percent of all households in the nation. Workers earning anywhere from $50,000 to $200,000 will pay more in taxes, with the average increase amounting to $1,635.”(quote from cnsnews.com…..1/2/13 article by Patrick Burke, who quotes from several conservative members of congress and from Media Research Center chairman Brent Bozell about the House passage of a bill that steers the continuing expanding of government and debt.)
lonecat over 11 years ago
Some posters may not realize that we are ALL DrC’s puppets.