Posted on 09/26/2013 4:12:53 AM PDT by Kaslin
The American middle class, like the American economy in general, is ailing. Labor-force participation has hit a 35-year low.
Median household income is lower than it was five years ago. Only the top 5 percent of households have seen their incomes rise under President Obama.
Commuters are paying more than twice as much for gas as they were in 2008. Federal payouts for food stamps, unemployment insurance and disability insurance have reached unprecedented levels.
Meanwhile, the country is still running near-record budget deficits and is burdened by $17 trillion in aggregate debt. Yet the stock market is soaring.
How can we make sense of all this contradictory nonsense? Irony.
(Excerpt) Read more at townhall.com ...
As O’Reilly pointed out last night, the tax take for the federal government and state and local governments set new records for the last quarter. So Greedy Government is gobbling up the seed corn in this country. That can only go on so long before there is no more cash to take from the dwindling producer class.
See how long the stock market soars when we cut off printing money that has nothing behind it.
No country can survive when it is feeding leeches who sit home and do nothing but complain and vote for Democrats.
there gots to be mo’ money
someone gots to pay for obamacare
aka “reparations”
Had a conversation with a lib before this thing got passed. I asked a simple question. How are we going to pay for it?
The answer: “the money’s out there”
And this was way before Keith Ellison.
what are they supposed to think when they see the Obamas hanging with the most fabulously wealthy people in America?
surely if Obama’s peeps can pay $25,000 a plate to have dinner with him, if BeYoncee and JayZee can get drunk on $1000 bottles of champagne, “folks” can pay “a little more” for obamacare, right?
wonder when was the last time moochelle fed her kids pancakes for dinner to stretch the food budget til end of week
“the money’s out there”
What brilliant and sophisticated economic sense. It’s sheer GENIUS! From which school of economics did this moron get HIS Ph.D.?
The problem IS... ALL Liberals have just THIS level and kind of ‘logic’ on ALL issues! THIS is the extent and depth of their understanding on everything. For Liberals, details, documented fact and logic are incidental (if they exist at all).
It’s how we got where we are!
1. 30,000 tax lobbyists--HALF the lobbyists in Washington, DC--fighting for every scrap of a tax loophole. And you get political corruption on a huge scale over this.
2. The result is a tax code over 70,000 pages long so complex that it makes James Joyce's Finnegans Wake almost easy to read in comparison. Even the IRS can't figure out much of the tax code!
3. The sheer complexity means exorbitant yearly compliance costs, estimated by some economists to soon approach US$500 BILLION per year (and climbing fast in each subsequent year, especially with the impostion of Obamacare mandates through the tax code).
4. It also encourages the outsourcing of millions of jobs, thousands of factories, and hundreds of corporate headquarters for tax avoidance reasons. Care to explain why Apple manufactures its products in China, and why Google has to used that highly-complex and expensive Double Irish with Dutch Sandwich accounting scheme to lower its tax bill?
5. It results in (by some estimates) around US$15 TRILLION on American-owned liquid assets sitting in offshore financial centers and other foreign banks for tax avoidance reasons (care to explain all those "banks" in the Cayman Islands, Bahamas, British Virgin Islands, and so on? Or why Apple has 70% of its US$130 billion liquid asset reserve outside the USA?).
6. Government uses the tax code as a political instrument to favor or punish political constituencies as little as ONE taxpaying entity. The recent scandal using the IRS to target conservative 501(c)(3) and 501(c)(4) groups is clear proof of this.
7. Because the IRS needs to know intimate details of personal and business financial records in tax return filings, there are potentially serious issues with invasion of privacy. Care to explain why former Presidential candidate Mitt Romney's private tax returns ended up in the offices of Senator Harry Reid (D-NV)?
8. The IRS assumes you're guilty of tax evasion, and you end up having less rights than most common criminals!
In short, complete economic and political insanity. Going to a no-loophole flat-rate income tax (as Steve Forbes has suggested) or getting rid of the income tax in favor of a national consumption tax like FairTax (H.R. 25/S. 122) would give such a shot in the arm for economic growth our GDP growth could hit 9% or higher within a year after the tax reform goes into effect, since it would strongly encourage more savings and capital investment staying in the USA.
People like Obama have a word for the “middle class”.
Bourgeoisie.
The Average price of gasoline in 2008 was $3.30.
http://www.eia.gov/dnav/pet/pet_pri_gnd_dcus_nus_a.htm
The average price now is $3.57.
The Globalist Banksters want to be the God-Kings of Earth ruling through an authoritarian one world government. Their only obstacle is the American Middle-class. We’ve been targeted for destruction.
In Obama’s socialist state, everyone who is not a commissar is now merely a prole.
The best reply I ever heard to “ the money’s out there” , was “ yes, but it belongs to someone else! “.
To which one might add, “ unless you are planning on stealing it, of course!”
Since that’s exactly what they are planning, without quite admitting it to themselves, it sometimes invites them to think about it.
That's me, too. I've related this story a few times, and usually add that part of the conversation.
That led to a discussion of the fact that everything the left wants to do through the government is done through the threat of deadly force - and libs DON'T WANT TO GO THERE in the discussion. I'm not even sure what happened at that point in the conversation besides namecalling.
Bump & a VDH Ping!
Near the end of 2008 I was paying $1.59 per gallon cash for regular.
According to Stockman’s new book, the number of “breadwinner” jobs currently is less than in 1998.
Yes I’ve directed several promising young folks I know to head to Wash DC. That’s where the prosperity is in the US now.
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