A Nation of Fools by Peary Perry (www.pearyperry.com)
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“Please sir, can I have some more?”
Well, I don’t think this will come as any big surprise but Speaker of the House Frankenancy Pelosi has decided that the healthcare plan is not dead as of yet. Perhaps the title of this column should be something along the lines of … “It lives, it lives.” But I’ll save that for something in the future. Meanwhile Mrs. Pelosi, who could be mistaken for the crazy lady in ‘Play Misty for Me’ has decided that we Americans just need another dose of her wishes and all will be right in the beltway. “If we just keep feeding it to them…they’ll eventually eat it” seems to be her new motto.
Even though she is losing support with members of her own party, she seems hell bent for leather to ram something down the throats of the American taxpayers regardless if we want it or not. Even though over 60% of Americans are opposed to healthcare reform the folks in the Pelosi bunkers are determined to keep on shoving it in, day after day after day. Speaker Nancy seems to feel that she can draft a version which will somehow escape the attention of the general public.
Now, I realize that the current leaders of the republic (Obama, Reid and Pelosi) honestly think that those of us who vote are too dumb to make up our own minds and cannot tell what is good for us. That’s where they come in. They feel uniquely qualified to make those decisions for us. We should just roll over and play dead while her office explores a myriad of options to see which one can be foisted off upon us without our being aware.
The people of this country want jobs. I am beginning to think those in control believe that the word job is only a book in the old testament and not connected to the 10% of the citizens not gainfully employed. Estimates run all the way up to 17% if you factor in the number of people who have stopped looking for employment. Whatever the number is, it’s way too high and generating new taxes while increasing the number of government workers isn’t a text book example of how to succeed in business.
Of course, Frankenancy has some serious shuffling to do if she wants to get anything passed in the dead of the night. There are some major roadblocks to getting anything out of this congress. Many of the incumbents are now scurrying for the dark and trying to get out of the light of ever increasing scrutiny by the citizens. It will be interesting to see how many Democrats ask for support from Obama in the coming months. So far their team is batting zero on having any positive effect. Of course that doesn’t mean they will give up trying. They seem to be any and everywhere a camera or microphone is placed. In my mind one of the most dangerous places to be in America at this time would be in between any of these people and a news crew.
At least Senator Reid offered an opinion that showed he wasn’t certain all of the rules could be avoided. He made this comment…. “We can’t go first,” Reid said. “I don’t know how procedurally we can start reconciliation.”
So, now it seems as if the House of Pelosi wants to sneak a healthcare program to us under the guise of anti-monopoly reform. In other words, let’s wrap this stale and rancid sandwich in a new wrapper and those old dumb voters won’t pay any attention. In fact they’ll be coming back for more.
Sorry, Nancy but even some things are just too hard to swallow.
Comments go to pperry@austin.rr.com
Complaints go nowhere.
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Showing posts with label tax. Show all posts
Showing posts with label tax. Show all posts
Wednesday, February 3, 2010
Tuesday, February 2, 2010
"Step right up ladies and gents....this is an offer you can't afford to miss."
A Nation of Fools by Peary Perry (www.pearyperry.com)
(sign up for new columns at www.pearyperry.com)
“Step right up, ladies and gents….this is an offer you can’t afford to miss.”
The current occupant of the United States White House missed his calling. In former times he would have been extremely successful as a snake oil salesman. Peddling his wares from town to town and then slipping out quietly before anyone had discovered they had been hoodwinked. Another option for him would have been the old shell game, in fact that might have been his profession in a former life since it seems he is so proficient at this today.
Cutting about 17% of the federal budget (next year) while increasing the federal deficit by over 1 ½ trillion dollars and making statements that he (Obama) considered himself to be a good steward of the nations money is ludicrous. This is the consummate shell game.
When confronted with the tax implications which were presented on Monday, the President responded (as if we didn’t know) that “it wasn’t his fault; this was the result of decisions made by the previous (Bush) administration. I wonder how long the American public is going to put up with this classic case of the blame game. Sure there were mistakes made, as well as deficits created by the last administration but wasn’t this guy elected on the platform of Hope and Change? It appears to me that we’re still hoping for something to change. Carrying forward with the same polices as before certainly isn’t anything to write home about. Neither is blaming your current actions on someone else the quality of a responsible leader…this is equal to children placing blame for a broken window. “It’s Georges fault” must echo throughout the halls of the Oval Office on an constant basis.
With the expiration of the tax rates instituted by the Bush administration, all tax brackets will revert back their former levels. The capital gains tax will increase for some American from 15% to 20%. Taxing dividends on stocks is also included in this package of grief from the Obama machine. Raising taxes on investments and individuals who own businesses does not generate jobs and encourage capital expenditures. Issuing more so called ‘stimulus’ money to increase the number of police officers, firefighters and teachers is certainly an admirable program, but hardly helps a capitalistic society. The police, fire and public schools of this nation are not revenue generators, they exist solely as a result of the taxes paid from businesses and individuals. All we are seeing thus far is another attempt to strangle the growth of the business sector while increasing the growth of the governmental sector. This smacks of socialism to me, not a concept of a capitalistic society.
What the struggling housing market needed was another road block such as limiting the amount of interest that could be deducted from an individuals income taxes. Obama and crew apparently are under the impression that anyone, anyone who earns over $200,000 per year is in their eyes...one of the rich and super wealthy. Makes you want to try harder, doesn’t it? Check out the news on taxes today and you’ll see hundreds of suggestions as to how to change your corporate structure as well as suggestions for moving offshore to avoid these higher paying brackets. Are people going to just roll over and pay more because they want to? I don’t think so.
Reduction of the tax deductions for charities is another ‘who came up with this one’ idea included in the current budget. Charities are not funded entirely by super wealthy individuals, but by Americans in all levels of the economic strata. Reducing those deductions will lead to more governmental interference and larger governmental attempts to help the needy in this country. Thus those receiving these handouts will certainly be inclined to become more and more dependent upon the government for their support. Of course for a socialistic driven administration, that would be the purpose, wouldn’t it? Raising taxes on individuals while lowering their deductions in a stagnant economy is fundamentally insane. This country is supported by the growth and prosperity of business. Look at the states that are basically anti-business, one large one, out West starts with a “C” and is currently on the verge of bankruptcy. These states are losing business right and left as firms are moving to more hospitable locations. What do you think it going to happen if the entire nation becomes anti-business?
Does France seem so outrageous? At some point it becomes very attractive.
No, the sad thing about today is that we are currently living in a nation where those in power have for the most part never been in power except in the government. Owning a successful business of any size takes skill as well as being a competent juggler. To manage cash flow against payables and receivables while remaining competitive as well as maintaining a loyal, happy, competent and efficient workforce is not for the faint of heart. Washington is full of incompetents who are telling us how to run our lives while they do not possess the business acumen to operate a snow cone stand in Arizona in August.
The only bright spot in the budget was the elimination of the death tax in 2010; however it is estimated to be reinstated next year. So if you’re planning on leaving anything to your kids, die now…otherwise Obama and company will be knocking on your surviors door.
Comments go to pperry@austin.rr.com
(sign up for new columns at www.pearyperry.com)
Complaints go nowhere.
(sign up for new columns at www.pearyperry.com)
“Step right up, ladies and gents….this is an offer you can’t afford to miss.”
The current occupant of the United States White House missed his calling. In former times he would have been extremely successful as a snake oil salesman. Peddling his wares from town to town and then slipping out quietly before anyone had discovered they had been hoodwinked. Another option for him would have been the old shell game, in fact that might have been his profession in a former life since it seems he is so proficient at this today.
Cutting about 17% of the federal budget (next year) while increasing the federal deficit by over 1 ½ trillion dollars and making statements that he (Obama) considered himself to be a good steward of the nations money is ludicrous. This is the consummate shell game.
When confronted with the tax implications which were presented on Monday, the President responded (as if we didn’t know) that “it wasn’t his fault; this was the result of decisions made by the previous (Bush) administration. I wonder how long the American public is going to put up with this classic case of the blame game. Sure there were mistakes made, as well as deficits created by the last administration but wasn’t this guy elected on the platform of Hope and Change? It appears to me that we’re still hoping for something to change. Carrying forward with the same polices as before certainly isn’t anything to write home about. Neither is blaming your current actions on someone else the quality of a responsible leader…this is equal to children placing blame for a broken window. “It’s Georges fault” must echo throughout the halls of the Oval Office on an constant basis.
With the expiration of the tax rates instituted by the Bush administration, all tax brackets will revert back their former levels. The capital gains tax will increase for some American from 15% to 20%. Taxing dividends on stocks is also included in this package of grief from the Obama machine. Raising taxes on investments and individuals who own businesses does not generate jobs and encourage capital expenditures. Issuing more so called ‘stimulus’ money to increase the number of police officers, firefighters and teachers is certainly an admirable program, but hardly helps a capitalistic society. The police, fire and public schools of this nation are not revenue generators, they exist solely as a result of the taxes paid from businesses and individuals. All we are seeing thus far is another attempt to strangle the growth of the business sector while increasing the growth of the governmental sector. This smacks of socialism to me, not a concept of a capitalistic society.
What the struggling housing market needed was another road block such as limiting the amount of interest that could be deducted from an individuals income taxes. Obama and crew apparently are under the impression that anyone, anyone who earns over $200,000 per year is in their eyes...one of the rich and super wealthy. Makes you want to try harder, doesn’t it? Check out the news on taxes today and you’ll see hundreds of suggestions as to how to change your corporate structure as well as suggestions for moving offshore to avoid these higher paying brackets. Are people going to just roll over and pay more because they want to? I don’t think so.
Reduction of the tax deductions for charities is another ‘who came up with this one’ idea included in the current budget. Charities are not funded entirely by super wealthy individuals, but by Americans in all levels of the economic strata. Reducing those deductions will lead to more governmental interference and larger governmental attempts to help the needy in this country. Thus those receiving these handouts will certainly be inclined to become more and more dependent upon the government for their support. Of course for a socialistic driven administration, that would be the purpose, wouldn’t it? Raising taxes on individuals while lowering their deductions in a stagnant economy is fundamentally insane. This country is supported by the growth and prosperity of business. Look at the states that are basically anti-business, one large one, out West starts with a “C” and is currently on the verge of bankruptcy. These states are losing business right and left as firms are moving to more hospitable locations. What do you think it going to happen if the entire nation becomes anti-business?
Does France seem so outrageous? At some point it becomes very attractive.
No, the sad thing about today is that we are currently living in a nation where those in power have for the most part never been in power except in the government. Owning a successful business of any size takes skill as well as being a competent juggler. To manage cash flow against payables and receivables while remaining competitive as well as maintaining a loyal, happy, competent and efficient workforce is not for the faint of heart. Washington is full of incompetents who are telling us how to run our lives while they do not possess the business acumen to operate a snow cone stand in Arizona in August.
The only bright spot in the budget was the elimination of the death tax in 2010; however it is estimated to be reinstated next year. So if you’re planning on leaving anything to your kids, die now…otherwise Obama and company will be knocking on your surviors door.
Comments go to pperry@austin.rr.com
(sign up for new columns at www.pearyperry.com)
Complaints go nowhere.
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