Posts Tagged ‘revolution’

Too Much Stimulus Too Late?

February 8, 2009

There’s been a lot of talk this weekend about Obama’s stimulus plan, which is set to be voted on this week by the US Senate.

While Obama was slow to unveil his plan, and now Congress has delayed the passage, we’ve all gone on with our lives.  We might not be making as many big purchases like cars, plasma TVs or ATVs, but we are still getting by.  The standard of living has been adjusted, but it’s not the end of the world.

The question now is if need such a huge package anymore.

Sure, the jobs picture is bad, but will adding jobs building roads in Montana and filling potholes in the middle of nowhere really “stimulate” the economy?  Will out of work people be willing to move and perform manual labor instead of collecting their unemployment checks?  How can we create jobs when we are still supporting these people on extended unemployment benefits?

What we really need right now is more money in the pockets of individuals and businesses.  All of this stimulus is going to be funded by taxpayer dollars in the first place, so why not put the money back in our pockets?  I’m not talking about the nominal $14 a pay period that has been hyped up either.  Why not cut our taxes in half or more?

This will allow business to invest in employees, new equipment, or shore up their balance sheets.  It will allow consumers to make larger purchases, pay off debts, or spend a little on non-essential items.

Instead, we are going to take the tax dollars of those that are still working, to pay someone minimum wage fixing potholes across the country.  The whole package is a trillion dollar “bridge to nowhere.”

If we want to invest in alternative energy, pull that out and make it it’s own bill.  Don’t co-mingle it with all sorts of ill-advised programs.

We need to start questioning the plans of the flawless new President.  Instead of Hope, Change and Progress, this looks a lot more like Desperation and Socialism.  All of these programs will be funded with our tax dollars, whether we like it or not.  This is taxation without representation, and one of the reasons we rebelled from the British.  As Americans we should be outraged, but instead we are placing faith in the new President because he gives fancy speeches.  Personally, I’d like to have that money in my pocket, not in the hands of bureaucrats building their pet projects.

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The Taxpayer Revolt

January 27, 2009

This year is going to be tough on everyone.  To make matters worse, this year, the state of California is going to be issuing IOUs instead of refund checks because they are broke. I rely on the money back from the state to offset the money I owe to the IRS.  You think the IRS will take my California IOU?

I know I shouldn’t be loaning the government money all year and expect a refund.  However, my wife works as a 1099 consultant, and normally, I end up owing about $1,000 to the IRS, so it all evens out.  A friend of mine has an accountant and does the same thing, so I don’t think I’m too far off.

So now, instead of a net zero situation or owing $1,000, I’m going to have to put almost $3,000 out of my pocket to the Federal Government, and hope that my IOU from the state gets fulfilled.  That’s exactly the kind of extra burden I need this year.  Thanks a lot, Arnold.

How many people across the country are in the same situation?  How many other people are strapped for cash and now will have to go further into debt to pay off these unexpected taxes?

An even bigger problem with the whole system is that my taxes are going to fund all these bailouts.  Why should I have to be burdened with thousands of dollars of taxes, when it is going to something I do not believe in?  It’s not just me either.  The majority of the population is against the bailouts, yet we all keep having to pay into the system.

At what point are we going to have enough?  It’s one thing to pay taxes that go to your local school or to a state project where you will see the direct benefit of the taxes.  It’s another when your tax dollars were donated to big banks and no one has any idea of where it went.

A main reason of the American Revolution was “no taxation without representation.”  Could this be any more true in the current environment?  The American Public is saying one thing, but the government is acting on its own.  At what point do we say that enough is enough?

It won’t take a whole lot more government intervention to make the current situation a lot worse.  At what point will the American Taxpayer start to revolt?  When will be our Boston Tea Party?  At this point in time, the last thing we need is the government wasting our tax dollars.  They would be much better served staying in our pockets so we can pay off debts or buy more things to support our economy.

What Happened to the Bailout?

November 6, 2008

So, after the big uproar over the need for the $700 billion, tax-payer funded bailout, I’m wondering what happened to it.

Didn’t Paulson warn us about falling into the “abyss” if it wasn’t approved?  Didn’t we fall into that abyss anyway?  We approved the bailout and a few weeks later, our stock markets tanked 25 percent!  

Seriously, what the hell is happening?  Have they spent the money? Have they done anything?  Have they even named who’s in charge yet?  

This bailout reeked of an exectutive branch power grab from the beginning, and now that’s all it looks like it was meant to be all along.  If this bailout was so urgent, wouldn’t they have done something by now?  Before the bailout, they were throwing billions of dollars around, taking over Fannie and Freddie, AIG and arranging deals between banks.  Now that they have the bailout?  Nothing!

The real goal of the whole $700 billion bailout was four words:  Office of Financial Stability.

While it might not sound that important, it gives the Exectutive Branch of our government the right to intervene in the financial markets without any sort of Congressional review.  While the Federal Reserve has been intervening in our markets for decades, it was technically still a private bank.  The bailout puts the power directly in the hands of unelected, Presidential appointees.

Look at all of the power we have handed over to the government recently.  After 9/11 they created the Department of Homeland Security and the National Security Agency, who have the power to search your internet records and listen to your phone calls without a warrant.  Also, Congress let the President have the power to go to war without officially declaring war.  Now we are handing the Exectutive Branch the power to intervene in our markets in the name of “stability”.

How much bigger are we going to let our government get?  This country was founded on principles of limited government.  The Colonies were seceding from a monarchy.  The last thing they wanted was a strong central government that governed from thousands of miles away, but that is exactly where we are at and where we are headed.  We can turn this ship around, but we need to get back to basics and start following our Constitution and stop giving the central government more and more power.