I thought the Democrats ran on a platform in '06 that included cutting frivolous spending?
Why, then, did the Senate pass " nearly along partly lines " a budget resolution that will increase spending for FY 2009 by nearly 10% over spending for FY 2008?
Not to mention that the proposed budget includes what is effectively the largest tax increase in history. That's around an average of $2,300 for most of our families.
Some of those who insist on saying that the tax cuts of '01 and '03 were "only for the rich" are about to find out real quick who they were for if the Democrats get their way.
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Politics, it seems to me, all too long, has been concerned with right or left instead of right or wrong. ~Richard Armour
I thought the Democrats ran on a platform in '06 that included cutting frivolous spending?
Yeah, when they say that they mean "cutting spending on Republican backed initiatives." They certainly don't mean they'd cut back on any of their own plans...
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Why, then, did the Senate pass " nearly along partly lines " a budget resolution that will increase spending for FY 2009 by nearly 10% over spending for FY 2008?
Not to mention that the proposed budget includes what is effectively the largest tax increase in history. That's around an average of $2,300 for most of our families.
Some of those who insist on saying that the tax cuts of '01 and '03 were "only for the rich" are about to find out real quick who they were for if the Democrats get their way.
You think that's a big tax increase? Just wait until Obama gets in...
It's a damn shame that we can't be forced to pay in advance some of the tax increase that the Demmies have planned for us. As in, before November. Maybe that would be enough to wake some folks up.
I don't know about anyone else, but I live from paycheck to paycheck. With the cost of fuel as it is, I already find myself slipping a little closer to the red every month. I can't afford another $2,300. Let alone fund all of Africa's freakin' problems, as Obama has planned.
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Politics, it seems to me, all too long, has been concerned with right or left instead of right or wrong. ~Richard Armour
He wants to give everyone hope. He wants to change everyone's lives. He wants Africans to have the same standard of living as we do. Unfortunately, rather than trying to figure out ways to encourage the diverse peoples of Africa to raise their standard of living, he's going to achieve it by taxing us to death, dragging our economy into a depression, and taking us down to a third world standard of living...
Don't forget Griz on of the main theme for the 2006 elections was the price of oil and gas at the pump. They had a plan to reduce the price. Sure seems to be working to me.
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John Adams The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
Personally, I would rather see taxes raised on those generationsthat benefit from government largesse. With11 trillion dollars in in red ink, we sure as hell are leaving a finecrushing debt forfuture generations to pay off.
Here you go Falcon. Here is a good example of what happens when you raise taxes.
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Wall Street Journal, 5/28/08
It"s no fun to kick a state when it"s down especially when the local politicians are doing a fine job of it but the latest news of Michigan"s deepening budget woe is a national warning of what happens when you raise taxes in a weak economy.
Officials in Lansing reported this month that the state faces a revenue shortfall between $350 million and $550 million next budget year. This is a major embarrassment for Governor Jennifer Granholm, the second-term Democrat who shut down the state government last year until the Legislature approved Michigan"s biggest tax hike in a generation. Her tax plan raised the state income tax rate to 4.35% from 3.9%, and increased the state"s tax on gross business receipts by 22%. Ms. Granholm argued that these new taxes would raise some $1.3 billion in new revenue that could be "invested" in social spending and new businesses and lead to a Michigan renaissance.
Not quite. Six months later one-third of the expected revenues have vanished as the state"s economy continues to struggle. Income tax collections are falling behind estimates, as are property tax receipts and those from the state"s transaction tax on home sales.
Michigan is now in the 18th month of a state-wide recession, and the unemployment rate of 6.9% remains far above the national rate of 5%. Ms. Granholm blames the nationwide mortgage meltdown and higher energy prices for the job losses and disappearing revenues, but this Great Lakes state is in its own unique hole. Nearby Illinois (5.4% jobless rate) and even Ohio (5.6%) are doing better.
Leon Drolet, the head of the Michigan Taxpayers Alliance, complains that "we are witnessing the Detroit-ification of Michigan." By that he means that the same high tax and spend policies that have hollowed out the Motor City are now infecting many other areas of the state.
The tax hikes have done nothing but accelerate the departures of families and businesses. Michigan ranks fourth of the 50 states in declining home values, and these days about two families leave for every family that moves in. Making matters worse is that property taxes are continuing to rise by the rate of overall inflation, while home values fall. Michigan natives grumble that the only reason more people aren"t blazing a path out of the state is they can"t sell their homes. Research by former Comerica economist David Littmann finds that about the only industry still growing in Michigan is government. Ms. Granholm"s $44.8 billion budget this year further fattened agency payrolls.
There"s another national lesson from the Granholm tax dud. If Democrats believe that anger over the economy and high gas prices have put voters in a receptive mood for higher taxes, they should visit the Wolverine State.
Just a few weeks ago taxpayer advocates collected enough signatures in suburban Detroit for a ballot initiative to recall powerful Speaker of the House Andy Dillon, who was one of last year"s tax-hike ringleaders. Voters seem to think there would be rough justice if for once politicians, rather than workers, lose their jobs from higher taxes.
Fact is, we have a spending problem. Bush cut taxes and revenues stolen by our government rose to record setting levels year after year. Obama was shown the fact about what happens when you raise capital gains vs lowering capital gains. His response that he wasn't doing it for revenue, he was doing it to make it fair.
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John Adams The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
Personally, I would rather see taxes raised on those generationsthat benefit from government largesse. With11 trillion dollars in in red ink, we sure as hell are leaving a finecrushing debt forfuture generations to pay off.
You might want to note that "raising taxes" does not equate to "raising revenue".
Anyone who thinks raising taxes is a good idea must enjoy the idea of deepening the recession that we may or may not be in... We need to control spending, not increase taxes.
Agreed that we need to control spending. However, the budget has grown steadily for decades under both Democrats and Republicans. The federal budgetcontinued to grow at a high rate during the timethat Republicans controlledboth houses of congress and the white house. Despite promises to the contrary, the Republicans are no better at controlling the budget than the Democrats:Indeed they took pork barrel spending to new heights.The Republican led congress cared so much about the budget that they went home after the 2006 election. It was left to the new Democrat congress to pass the FY 07 budget.
Spend, spend, and spend some more
