Fact: 47 percent of the households pay no federal Income Tax! Obama’s 2011, one-year employment tax reduction, will deprive our social security fund of $119 billion. If Obama is allowed his way, HE will do the same thing in 2012 for another $105 billion shortfall. Borrowing money from China to give foreign aid, to send us stimulus checks and to reduce our payments into social security is insane. Our national debt may be staggering, but it is dwarfed by our existing obligations to social security and government pensions. We can’t survive four more years of calculated sabotage to our economy that has drifted into a failed socialistic European model. Anyone — and I mean anyone — but Obama in November!
Joseph DuPont
Towanda, Pa.
Editor’s note: The 47 percent statistic was for fiscal year 2009. For fiscal year 2010, the number of U.S. households who owed no federal Income Tax was 45 percent.
Rich posted at 8:46 pm on Tue, Dec 27, 2011.
And don't you resent the hell out of your landlord? Of course Obama wants to get out of owing you. You are his largest creditor. And you didn't even have a choice, You pay with every paycheck, and he gets the interest until you feel you have to pay. Can you elect any person who change that? Possibly a nutball like Ron Paul?Actually, you can't , at this point, you can empower your children to do it that is about the best that is available.
Leon Ceniceros posted at 11:09 pm on Tue, Dec 27, 2011.
$119 Billion added to the $15 Trillion Dollar "OBAMA DEMOCRAT ADMINISTRATION" Budget is ..."chump change" to these Left-Wing Liberals.........TAX & SPEND...TAX & SPEND...TAX & SPEND...........that's the motto of the ....Obama White House ! ! !
Dale Whiting posted at 11:10 pm on Tue, Dec 27, 2011.
Joe,
Just where in PA is Towanda?
And the Republican stimulus plan is to lower taxes, too, but on the most wealthy, on the theory that those cuts would trickle down making new jobs. However laterly those new jobs have been located in China. So bottom line, what's the difference? The money cut on payroll taxes gets spend here, not there! And that is a huge difference.
You conclude: "We can’t survive four more years of calculated sabotage to our economy that has drifted into a failed socialistic European model." Maybe so. But I'll take President Obama's calculations over yours any day!
dustbowl11 posted at 7:14 am on Wed, Dec 28, 2011.
You gotta love someone complaining about a "socialistic" European model economy while worried about their social security check! Must be teaparty.
wdgnas posted at 7:50 am on Wed, Dec 28, 2011.
hey joe, where you going with that gun in your hand?
you forgot to mention the 60% of u.s. corporations that pay no federal income tax.
Arizona Willie posted at 8:55 am on Wed, Dec 28, 2011.
Leon ... it's true that the Democrats tax and spend. But at least they believe in taxes.
The Republicans BORROW AND SPEND. They refuse to pay the bills for their pleasures. They pass the bills down to your children and grandchildren.
A huge part of the deficit problem we face is not the programs from the Tax and Spend Democrats -- it is from the deficit caused by the Borrow and Spend Republicans who started two wars on borrowed money and who refuse to raise taxes even a tiny bit on those who can well afford to pay.
Dale Whiting posted at 9:50 am on Wed, Dec 28, 2011.
Willie,
Where since 1984 the average US household wealth has declined by $200 but the average wealth of Congress has gone up from about $250,000 to almost $750,000, you don't suppose that the 1% have bought themselves the best Senators and Representatives [both Democrat and Republican] that their money could buy?
There is fault and blame aplenty to go round!
truth posted at 3:48 pm on Wed, Dec 28, 2011.
With 50% of Americans living under the poverty level what do you expect? What about the 24 billion dollars for the oil companies or the 27 billion for the corporate farmers, or the 700 billion for the pentagon? There is a reason for the word MORON.
sockratties posted at 6:32 pm on Wed, Dec 28, 2011.
Congress has borrowed and spent $2.6T from Social Security already. The less money we put into Social Security, the lower our national debt. If you don't put the $224 B you mention into the Social Security Trust fund, congress can't borrow it, squander it and raise the National Debt by that amount. And nobody is being deprived on anything. The only thing that's in the SS Trust fund is low interest, none negotiable IOUs. It's our money, not the government's that you're talking about.
k33j88 posted at 4:51 am on Thu, Dec 29, 2011.
Can't see the forest for the trees? I too used to have that problem. This is all by design. Obama just signed 1.2 trillion more debt. Corzine "lost 1.2 billion" in the MF Global debacle. No prosecution here, folks. Remember the "tens of millions" lost by the feds/military in Iraq during the war? Enron, need I say more? Insider trading by our elected officials(illegal in our world). And the band plays on.......
Accuracy posted at 8:38 am on Thu, Dec 29, 2011.
Obama will ask Congress to raise the nation's borrowing limit by $1.2 trillion by Friday. This third increase will take the debt ceiling up to $16.4 trillion.
The limit has already been approved by Congress twice to the tune of $900 billion . . . But, Liberal Democrats in Congress think this will keep the government operating for another year, even with Obama's high spending – or at least through next years November election.
Slabside posted at 3:26 pm on Sat, Dec 31, 2011.
Another fact our super smart "progressive" want to ignore: under Bush, the 2008 corporate taxes paid was $304,346,000,000 and then under the 1st year of Obama, corporate taxes paid was $138,229,000,000 so Obama IS the most corporate connected corrupt President this nation ever had.
www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=203