Oil companies would love to make that much profit on every gallon of gas and now the feds and states will make even more on the backs of oil companies and service stations as they become tax collectors for the government.
What a bunch of effing cowards!
Raise taxes and shift blame!
And no drilling or new oil production to offset the tax increase.
Just keep on screwing the people who have to drive to work and deliver goods and services.
Points made are spot on...verb-age concludes it is govt money.
Too many citizens have accepted this false premise. But the grassroots which removed the Democratic leadership has not been quiet.
This is blog I created...but still a work in progress, comments encouraged.
http://anationatrisk.blogspot.com/
What was disturbing about the Debt Comm. draft was their inability to offer new solutions. Two examples I submitted to op-ed in Raleigh, NC paper...
I went through the fifty page draft and found some good and bad recommendations. But, what stood out the most was the lack of new or creative alternatives to current
mechanisms which have been driving the national bankruptcy train.
Two which stand out are the reliance of COLAs to provide salary increases to Federal employees, and the payroll tax to bring in the revenue to provide Social Security
benefits. Both need to be replaced.
First, Federal workers should be paid as most Americans are paid, on merit. This would reward the superior worker, provide an incentive to excel, and limit the growth
of labor to only the most deserving.
Additionally, the Federal workforce should not be organized. This is a costly impediment which has been recognized by the most successful private sector companies who are not. Note, less than 10% of the private workforce is organized while 30% of Federal workers are.
Secondly, the payroll tax has proven to be insufficient in providing the revenue to support Social Security obligations, which is confirmed each time the ceiling is raised.
The alternative is to eliminate the payroll tax and calculate the percentage of increase required to meet the yearly $500 billion obligation (est. 1-2%). This simple change will reduce the employee cost of every business, increase the take home pay of every worker, and eliminate the income ceiling which Congress raises to counter projected shortfalls.
When Congress begins to apply creative alternatives we will be closer to getting the accelerated debt and deficit under control.