Dinner with Clooney

On January 1st the President went before the country to make a speech about the federal budget deal that had just been reached. He began by saying,

“The central premise of my campaign for President was to change the tax code that was too skewed towards the wealthy at the expense of working, middle class Americans. Tonight, we’ve done that.”

If that’s true, then why did this budget agreement extend Section 181 of the tax code for another year? Section 181 provides up to $20 million in tax deductions per production for the movie and film industry. Why do film production companies owned by filthy rich guys like George Clooney, Stephen Spielberg and Oliver Stone get this kind of preferential treatment? Those three guys combined have a net worth of about $3.2 billion. Last year, George Clooney hosted a fundraiser for President Obama and his re-election campaign. A plate at the table cost a paltry $40,000! Gulp! Good move George, that kind of schmoozing really pays off!

But wait, I was talking about the President’s speech – later in the speech President Obama said,

“Cutting spending has to go hand in hand with further reforms to our tax code so that the wealthiest corporations and individuals can’t take advantage of loopholes and deductions that aren’t available to most Americans.”

Wow! As usual the President sounds like he really means business. I sincerely hope he will follow through and use his bully pulpit to end those obscenely profitable corporate loopholes. I especially hope he singles out the fat cats in Hollywood who should be paying, as the President says, “more of their fair share” in order to fund our cash-strapped government. Maybe he’ll appoint tough guy Joe Biden as Chairman of the Commission to End Corporate Welfare.

This President once ran on hope, so in the spirit of bipartisanship, I will give the President the benefit of the doubt and hold on to some hope regarding this issue. But, based on the fact that Mr. Spielberg has contributed about $800,000 over the years to the Democrat party and the likelihood that celebrities like George Clooney will be holding lavish fundraisers for liberal politicians in the future, I don’t think it would be wise for me to hold my breath for very long.

But I do love the President’s speeches. They are always good for a cynical laugh.

Brutus

WHILE YOU WERE SLEEPING…

Washington Politicians have once again shown that they are bent on destroying America. Wake up people, before it’s too late!

For future Americans the American Dream will become the American Nightmare.

Yesterday, while most of you were sleeping peacefully, the President and Congress agreed to a budget deal entitled The American Taxpayer Relief Act of 2012. This budget agreement is further proof that these misfits in Washington are taking the American people down the road to ruin.  Look no further than the title of this law to expose the first lie. How is raising the highest tax bracket from 35% to 40% “Taxpayer Relief?”  How is the increase in capital gains tax and dividend tax from 15% to 24% “Taxpayer Relief?” Who is foolish enough to fall for such political gibberish? So guess what, if you have money invested in a retirement plan your taxes are going up. How is that for TAXPAYER RELIEF?!!

The Congressional Budget Office has crunched the numbers on this new deal and estimates that it will increase the national debt by $3,971,177,000,000 (about $4 trillion) over the next ten years versus if no deal had been reached and we had gone over the so-called “fiscal cliff.” Don’t these miscreants in Washington get it?! We need to reduce our national debt burden, not increase it.

Even simple-minded folks like me understand that debts must eventually be paid back at some point. The primary way that any government pays off debts is by raising taxes – that is every government’s main source of revenue. Therefore, this immutable fact means that in the future American taxpayers will be coerced into paying off the debts we incur now. We are already $16 ½ trillion (and rising) in the hole. Who would like to stand here before us then and tell us with a straight face that this new Act which increases our public debt by trillions of dollars will provide “Taxpayer Relief?” It will do nothing of the sort and will only make the country’s financial condition far worse. Any Congressperson who voted for this fiscally destructive Act needs to be turned out of office at the next opportunity. They just don’t care about the damage they are doing to our country. They know they are covered with their nice salaries and retirement pensions and health care benefits and that’s all that matters to them. To hell with everyone else.

We have been hearing over and over from President Obama and the Liberals that the rich people are not paying their “fair share” and that the rich people have been sticking it to the poor and middle class. Rich people this, wealthy people that, blah, blah, blah! It makes me want to puke. All of this is nothing more than propaganda used by Liberals to hypnotize a majority of the least wealthy Americans into voting for Liberals.  It’s no more complicated than that.

I thought the point of sticking it to the rich people was to help ease the country’s financial burden. The problem with this is that it is a lie and President Obama and every lawmaker in Washington knows it. Raising taxes on the so-called “wealthiest” Americans might pick up the tab for about seven or eight days worth of Federal spending. It’s a drop in the ocean. If you have been led to believe that making the rich people pay their “fair share” will help solve this country’s fiscal problems, then you have allowed yourself to be deceived. Please try to become more informed about basic arithmetic and economics before you enter another voting booth.

We need nothing short of a revolution if we want to save the American Dream for future generations. We must change course now or sink.

One more thing: many of the pretenders in the media should be ashamed of the way they have covered this whole budget fiasco. They so often frame it as a duel between Democrats and Republicans – who has the upper hand, who is in disarray, which side caved, who saved face? – Most of them, who are Democrat cheerleaders and lackeys, ignore what really matters, which is, what policies are in the best long-term interest of the American people.

An American

Geithner’s Chutzpah

Today on CNBC’s Closing Bell, US Treasury Secretary Timothy Geithner said, “What we’re trying to do is put in place a comprehensive, balanced set of fiscal reforms that put us back on the path of living within our means.” My reaction: Oh my God – WHAT CHUTZPAH !

Is there an honest person out there who seriously believes that Timothy Geithner and the Obama administration have been working to make the federal government live within its means? These rascal politicians say the most outrageous things. Geithner is the same guy who said publicly on November 19th that Congress should eliminate the federal debt ceiling, which sets a limit on borrowing. (Reminder: The U.S. Treasury already owes over $16 trillion in debt).

So which is it Mr. Geithner, do you want unlimited borrowing power to feed the beast or do you want the federal government to live within its means? Stop talking out of both sides of your mouth. You are an embarrassment to all good and honest people. And if you had an honest boss, he would fire you.

Canutus