By Owen Paine on Thursday February 12, 2009 05:58 PM
"The final bill includes -- a scaled-back version of Mr. Obama’s middle-class tax cut proposal,which would give credits of up to $400 for individuals and $800 for families within certain income limits. It will also provide a one-time payment of $250 to recipients of Social Security and government disability support."
"Scaled back"? I'll say -- from nugatory to microscopic. Those oughta be 12K returns, doled out over 12 months, constituting the disbursement of the trust fund frauds ending Uncle Sour's 30-year reverse-Madoff scandal.
Plus: a retirement tax holiday -- till further notice -- employee side only, comrades! -- Of course.
Comments (3)
We now officially live in the "up to" culture. We could have "up to" a democracy.
And amen, OP-san. What a mouse-turd of a "package" from Brand Obama. This guy is making Carter look courageous.
Posted by Michael Dawson | February 13, 2009 12:51 AM
Posted on February 13, 2009 00:51
me at another venue...
"far from looting the 2.5 trillion trust fund
i suggest uncle sugar
oughta disperse it all right now"
lots of ways to do that
here's one for u left libertarian types
create personal accounts for everyone
with a social security number
and put zero coupon productivity indexed notes in em with paid in dates
and pay out dates
taylored to each personal
paid in profile
and
prospective pay out time line
property not promises
tom paine stuff
and btw
i'd take up skipper mccain
on his payroll tax holiday
only make it "till further notice "
and including the entire employee side of fica
then after recovery
slash the system till its on a pay go path
up ahead in ten years look at it again
the medi triplets are another story
here's where a class compact might be srtuck
convert the corporate income tax
to a vat tax
dedicated to funding
all three medi girls
but i'd want a health sector mark up control
in place before anything else
especially anything else
along the lines of
fresh money coming into the sector
beware ....tax pumps
as to retirement system
pay go ice bergs
instead of trying to anticipate em
simply level fund till you hit one
and go into deficit
then borrow your way thru the gradual
"up rate taper "
make a gracefull low incline rate traansition
ie
start paying for the revenue deficit
after the deficit arrives
after after after
not
as now
starting 35 years**
ahead of time of impact
** 1983 to 2017 = ~ 35 years eh ???
and as i recall the first revenue
to pay out deficit is that far off
Posted by op | February 13, 2009 11:01 AM
Posted on February 13, 2009 11:01
"making Carter look courageous"
tip o'neil had jimmy's fiscal number
" brainy skin flint
with a bible in one hand
and a slide rule in the other"
btw
i'm quite fond of both them critters
ahh those were the days....
b4 kodiak paul volcker arrived
and put the economy in a figure four
submission hold
Posted by op | February 13, 2009 11:32 AM
Posted on February 13, 2009 11:32