08/18/11 Throw the Bums Out
Remember the Ryan Plan from earlier this year? It was called “extreme.” Under that plan, our national budget wouldn’t come into balance — until after 10 Olympics have come and gone [and probably much closer to 15 Olympics having passed]. That’s extreme?
Under the just-completed debt deal our budget gets balanced: NEVER! A majority of Democrats and Republicans continue the spending party. Why not? Six-year olds can’t vote but, they’ll inherit the debt.
The White House says tax billionaires and millionaires more. Listen carefully. If every single person in America earning $175,000 or more was taxed at 100% — that is, the IRS took every single penny they earned — it would raise about $4 trillion. Just enough to cover this year’s spending. But Social Security, Medicare & Medicaid would continue toward bankruptcy.
The system is broken. 51% of Americans have no federal income tax liability. They pay nothing. Some of them get Earned Income Tax Credits — money from the IRS they never even paid into the system. For them, April 15th is pay day.
We fought a Cold War to prevent another nation from doing this to us. We’ve done it to ourselves.
It’s time to throw out all the bums.