Share on Google Plus Share on Twitter Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 1 (1 Shares)  
Printer Friendly Page Save As Favorite View Favorites View Article Stats   6 comments

OpEdNews Op Eds

The Deficit Commission Con Job

By (about the author)     Permalink       (Page 1 of 3 pages)
Related Topic(s): ; ; ; ; ; ; ; ; ; , Add Tags Add to My Group(s)

View Ratings | Rate It

opednews.com Headlined to H2 11/16/10

Become a Fan
  (24 fans)

The Deficit Commission, like any other group given the title "commission', was designed from the beginning to come up with what the President wanted them to come up with in order to placate the citizens when the final decision is made. It is the traditional "the Buck Stops Here" as I had to make the decision based on what this panel of experts handed me as the result of their months of studying the topic.

The bottom line is why spend the millions of dollars so this group of puppets can give you the outcome you wanted them to give you in the first place. H*ll, simply grow a set of b*lls, save the millions of taxpayer dollars, and come out with your decision without having this expenditure. As a side, it might also enable this group to preserve any sort of self-dignity they may not have already lost during the course of their "career'. There hasn't been a single "commission' that has not come up with the "answer' the assembler of that commission wanted in the first place.

This most recent con has responded with nothing more than more of what we have been hearing from the likes of Fox News, Limbaugh, Boehner, McConnell, the Tea Party clan, et al. "keep the Bush tax cuts, privatize social security, privatize Medicare, etc.

Let's review the "findings" of this commission:

1. Ending or capping middle class tax breaks, including deductions for home mortgage interest and tax-free employer provided medical insurance;

2. Taxing capital gains and dividends the same as ordinary income; long-term capital gains and qualified dividends are currently taxed at 15%;

3. Lowering tax rates dramatically to 9,15, and 24%, down from six current brackets ranging from 10 -35% for income over $373,650;

4. Slashing corporate tax rates from the top 35% rate to 26%, combined with eliminating some deductions;

5. Making permanent the research and development tax credit;

6. Making deeper Medicare cuts; increasing Medicaid co-pays; slashing $54 Billion from graduate medical education; and enacting "comprehensive tort reform," making it harder for aggrieved patients to file malpractice suits;

7. Raising the Social Security retirement age to 69 by 2075; reducing cost-of-living increases, now based on annual inflation rates; raising the payroll tax ceiling to $200,000, letting million dollar earners off the hook like now;

8. Cutting the federal work force 10% by 2015, adding to the unemployment rolls;

9. Raising the federal gasoline tax by 15 cent a gallon and imposing "user fees' on motorists - to have workers fund the federal transportation and highway spending program; and

10. Cutting $100 Billion in military spending, including administration, inefficiencies, "unnecessary" weapons (likely ones Pentagon brass don't want in lieu of others they won't sacrifice, force contingents on overseas bases, and health care benefits for military retirees through enacted premiums and higher co-pays; unmentioned is the Pentagon's open-ended black budget, supplemental Iraq and Afghanistan appropriations, and commitment to continued imperial wars; also that military spending will grow annually, unimpeded'.

Taking a global look at the recommendations from this panel of millionaires makes it obvious they are either clueless or they're on target with an agenda that appears to be in place - that of turning America into a "third world nation.' In order to do this the middle class must be diminished and the corporate empire has to be fortified. A glance at these proposals certainly does both of those while assuring all power to the military industrial complex.

Looking at the disregard for the individual citizens, the ones who have been supporting this nation through annually paying their fair share in the form of taxes, the first proposal performs a huge part of the façade they will call "tax cut for the average American' similar to those enacted by the Reagan administration in the 80's when the deduction on credit card interest was taken away, only to see the interest on those accounts sky-rocket to those of the 1920 "Loan Shark" days when those demanding such rates were convicted. In this proposal the commission is desiring to take away the one deduction the average person has, and at present it is a deduction on their primary investment which has gone down in value, hence, they are in all probability paying out more than what that investment is worth. Now they are to be penalized even more by taking away that one deduction. At the same time they will tax the portion of health insurance provided by your employer (should you be fortunate enough to be employed. Let's not forget this assault on the average person's dollars comes at a time when millions of Americans are already hurting) The amount of that single deduction may well have them paying more in taxes even though the president and lawmakers can boast how they cut your taxes. Good show, it worked under Reagan, so it should work again. It has to as the people have no choice - pay or go to an already over-crowded prison - one that is "privatized' but paid for with your tax dollars.

Next Page  1  |  2  |  3

 

http://NotSeeAmerica.com

Dennis Kaiser is an author and consultant focusing on individual rights. As a US citizen Dennis is deeply concerned over how our nation has fallen from being productive and full of hope to one where that hope is being stripped from the majority as (more...)
 

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Follow Me on Twitter

Contact Author Contact Editor View Authors' Articles

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Bilderbergers Set To Meet - Beware!

Bilderberg Plans For Economic "Recovery"

Scott Walker, ALEC Alum

TAFTA - Monsanto's Backdoor to GMOs

The United States Bullies are at it Again.

Stripping Democracy One Bill At A Time, the ALEC Way

Comments

The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
3 people are discussing this page, with 6 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)
To even consider keeping the tax cut for the upper... by Dennis Kaiser on Tuesday, Nov 16, 2010 at 11:46:50 AM
It's vital people understand what's really happeni... by John Peebles on Tuesday, Nov 16, 2010 at 9:46:15 PM
Nearly two decades ago the media demonized Ross Pe... by Dennis Kaiser on Wednesday, Nov 17, 2010 at 6:28:00 AM
their R&D, an R&D tax credit only gives th... by larry on Wednesday, Nov 17, 2010 at 12:24:26 AM
There has been nothing coming out of Congress that... by Dennis Kaiser on Wednesday, Nov 17, 2010 at 6:42:43 AM
I find it quite interesting to see Andy Harris, ne... by Dennis Kaiser on Wednesday, Nov 17, 2010 at 7:05:54 AM