This is a very scary situation at best.
Now what do we do.
B.H.O. and TURBO TAX CHEAT Timothy Geithner with be holding this Countries future in their hands if the Debt Ceiling Crisis Is not fixed fixed by 8.2.11.
We, as a Nation can't afford to have those two deciding which bills will get paid and which ones won't.
It's almost as if they somehow,someway they planned for this to happen this way.
You don't hear much out of Geithner these days, a couple of well scripted talking points here and there,. but nothing that means anything, And B.H.O. is steering the ship like a drunken sailor !
According to FOX NEWS, Among the major outlays facing the president and the treasury secretary on that date would be Medicare and Medicaid (a combined $50 billion); Social Security (approximately $50 billion, including the $23 billion set to be disbursed on Aug. 3); payments to vendors retained by Department of Defense ($31.7 billion); and interest on Treasury securities ($29 billion).
Like I said, we don't wat these two to make huge financial decisions. B.H.O.never ran a business and Geithner can't even figure out his own taxes !
FOX also reported that "Not everything is going to be paid, and someone has to decide what's not going to be paid," said Ron Haskins, a senior fellow at the Brookings Institution. "The bills are higher than the income."
This is where things will really get absolutely tricky,"The bills are higher than the income."
Now what do we do.
I hope and pray the Congress get's this fixed before 8.2.11. NO DEBT CEILING INCREASE , CUT THE GOV'T DOWN TO A MUCH SMALLER SIZE, AND IF YOU REALLY HAVE TO, RAISE TAXES ON THE UBER-RICH, PEOPLER MAKING 1 MILLION DOLLARS OR MORE ! If an indvidual or company is not paying taxes....make them pay ! Elimate the I.R.S. and institute a flat tax, a simple one that everyone must pay, and everyone will understand.
Problem solved. NOW GET TO WORK CONGRESS, TIME IS RUNNING OUT !
YOURS IN LIBERTY ! ! !
Bob Yeager
First, you want to cut spending by eradicating the Departmant of Education. A good education is vital and 1 of the most important tools for our youth. Now, you want to RAISE TAXES ON THE UER-RICH, PEOPLER MAKING 1 MILLION DOLLARS OR MORE ! Did you mean, uber-rich people? Why tax more on those who have worked so hard in building up an income, helping to pay your way in life, to get taxed more?
ReplyDeleteIf the "UBER RICH" PEOPLE ARE NOT PAYING TAXES, YES THEY NEED TO PAY TAXES. A FLAT TAX WOULD BE A FAIR SYSTEM. EMIMATE THE I.R.S. AND LET THE DEPT. OF REVENUE HANDLE IT. EDUCATION SHOULD BE MAINTAINED ATE THE STATE AND LOCAL LEVEL THE FEDS SHOULD NOT BE INVOLVED.
ReplyDeleteTHANKS FOR RESPONDING,
BOB YEAGER