Posted on 11/03/2010 11:13:55 AM PDT by EternalVigilance
Putting aside whatever crazy Marxist schemes or wild orgies of spending our posterity's future that the Democrats may attempt in an upcoming lame duck session of Congress, remember this:
Beginning in January, neither Barack Obama nor his allies will be able to spend ONE RED CENT without the cooperation of the Republican leadership.
Constitutionally, all revenue bills must originate in the House of Representatives, which the GOP now controls by a wide margin.
"All bills for raising Revenue shall originate in the House of Representatives..."
-- The U.S. Constitution, Article One, Section 7
Tea Partiers, are you paying attention?
Default!
I know you know, but I always let others know that "tax the rich" includes "tax the employers"
Actually, we tax income, not wealth. Everytime your here about "tax cuts for the rich" you can mentally stamp "moron" on the forehead of whoever says it.
My parents are well off but have moderate income. Their taxes are low compared to my neighbor's daughter. She and her husband each have six-figure jobs but little wealth. They pay dearly for housing in an expensive city. Somehow, they're the "rich" ones who are supposed to get eviscerated by even more taxes.
I would love to see them de-fund all of oblabla’s czars immediately. Does anyone even know what they do? How much power they have and how much money they control?
Almost immediately after the new congress is seated, we will know how the next two years are going to be: whether they will be constructive in stopping the heinous threats against our nation; or will they be treading water and bungling efforts to achieve bipartisanship. Rearranging deck chairs on the Titanic.
The way we will know what the future portends is how the Republicans man the three essential committees of the House of Representatives.
The Rules Committee, the Appropriations Committee, and the Ways and Means Committee.
The Rules Committee will determine how easily the Democrats can block the Republican agenda. So you can be your bottom dollar that the Democrats and the RINOs will push hard for “fairness” and “seniority” in this committee, because they want to prevent the Tea Party people from disassembling the waste, bloat and overreach, by making it easy to block the conservatives.
The Appropriations Committee will decide how to organize big appropriations bills. In past, a lot of the bloat and pork was put in the same bills with parts of the government that needed to be funded. So it will be up to this committee to separate the two. To put all the crap and waste into the same bill, so that it can all be allowed to die, and there is nothing the senate or the president can do to stop it.
And the Ways and Means Committee controls all federal taxation. Need I say more?
Stossel is incorrect. Dems has the Senate in 2001-2002
But then, Republicans have shown they can spend money they don't have, too, and your income belongs to THEM.
Thanks for the civics lesson. I will try to remember it. At least long enough to get a feel for the next Congress.
Correct! And it was a Democratic Senate majority that passed:"AUTHORIZATION FOR USE OF MILITARY FORCE AGAINST IRAQ RESOLUTION"
Something liberals amd the MSM seem to forget.
“Actually, we tax income, not wealth.”
What about inheritance taxes, taxes on interest, taxes on business profits? What is the difference between wealth and income?
Taxing the rich or inheritance taxes or any other tax based on wealth, incoming or static, sounds like a bill of attainder.
Thank you for the response.
“A legislative act that singles out an individual or group for punishment without a trial.”
Seems to fit perfectly; “tax the rich”, or the wealthy, or those with something of value because they are wealthy, because they possess wealth, without their having committed a crime, and with no trial.
Amazing.
Congress delegated its power to regulate the value of money in 1913.
What is the difference between wealth and income?
Not sure of the textbook definition but, to me, "wealth" is your balance sheet. You have cash, bank accounts, investments, a house worth a lot of money, etc. That's netted against what you owe, like the mortgage on the house, student loans, etc. Income is cash flow, money coming in. Salary, interest, dividends, captial gains, etc.
Granted, there is a correlation in that people who are prudent with their income become wealthy.
This QE stuff is not “regulating the value” it is spending Treasury money by a process of diluting Treasury stock.
Sure they can impeach but, unless the Senate will convict, impeachment is a pointless waste of time, and political capital.
If the executive commits an impeachable offense, does not the House have a duty to do it anyway?
Or are their duties in some way determined by what someone else may or may not do with their own oaths?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.