04 October 2008

One more step toward Socialism

If you didn't call your congressman to complain about this bailout package; then shame on you!

Right now one-third of this country do not pay taxes. So who is going to pay the lion-share of these new socialist "income redistribution" boondoggles?

Here's a nice breakdown on who exactly is funding our government. From Andy Swan:

I’ve heard a lot of “$3500 per person” nonsense lately about this bailout plan. But let’s get one thing straight: Not everyone will be chipping in equally.

If the $700 billion plan goes through….

The people who earn over $153k/year will chip in 60%, or $420 billion. That’s 5% of the population paying 60% of the solution.

The people who earn over $388k will chip in 40%… $280 billion….all by themselves. Yep, 1% of the population putting in for 40% of the solution.

The bottom 50% of taxpayers will chip in $21 billion. 3% of the total comes from half the population.

It might also be worth mentioning that since the “tax cuts for the rich”, the % of taxes paid by the top 1% has grown from 33% to 40%.

{Data gleaned from here.}

If you and your spouse earn $153,000 per year, you're going to get soaked by the upcoming Obama administration. A Chicago Police officer, married to a Chicago school teacher - both with 20 years on the job - earn about $148,000 per year.

In that world, Obama considers you one of "the rich." Obama wants the tax burden for those wage earners to double.

And while we're discussing income redistribution, what ever happened to the $152 Billion that was injected into the economy back in May? Nothing!

As this economist correctly points out, "These problems were caused by the government," said Walter E. Williams, an economist at George Mason University. "If you see a building on fire, you don't call the arsonist who caused the fire." Here is a list of 31 economists who signed a petition to get congress to, at least, slow down and examine the bailout proposal.

Our GDP is about $17 Trillion. Now we're going to peel more of your money away and give it out as social programs. Now the governor of California wants $7 billion dollars for their budget crisis. Over the next 12 months we're going to see more and more municipalities crying "poor" and demanding more of your money from Uncle Sam. These cities and counties (Like Chicago and Cook) aren't interested in streamlining their spending excesses and wasteful patronage programs. Oh no! Let's just take more and more from the taxpayers.

You think Obama is going to help reign in government spending? Don't make me laugh! He's devious. He and his idiotic cohort Biden are pathological liars. Obama is a big-spending socialist with an ideology steeped in closeted Marxism.

Just check out the dozens of programs he wants to establish -- all to the tune of $1.238 Trillion of YOUR dollars.

Obama's Energy Plan Will Cost $150 Billion Over 10 Years, Equal To $15 Billion Annually And $60 Billion Over Four Years. "Obama will invest $150 billion over 10 years to advance the next generation of biofuels and fuel infrastructure, accelerate the commercialization of plug-in hybrids, promote development of commercial-scale renewable energy, invest in low-emissions coal plants, and begin the transition to a new digital electricity grid." (Obama For America, "The Blueprint For Change," www.barackobama.com, Accessed 1/14/08, p. 25)

Obama's National Infrastructure Reinvestment Bank Will Cost $60 Billion Over Ten Years; Equal To $6 Billion A Year And $24 Billion Over Four Years. Obama: "I'm proposing a National Infrastructure Reinvestment Bank that will invest $60 billion over ten years." (Sen. Barack Obama, Remarks On Economic Policy, Janesville, WI, 2/13/08)

Obama's Early Education And K-12 Package Will Cost $18 Billion A Year; Equal To $72 Billion Over Four Years. "Barack Obama's early education and K-12 plan package costs about $18 billion per year." (Obama For America, "Barack Obama's Plan For Lifetime Success Through Education," www.barackobama.com, 11/20/07)

Obama's Home Foreclosure Prevention Fund Will Cost $10 Billion. Obama: "I've put forward a $10 billion home foreclosure prevention fund. We're going to help families who have been hoodwinked by deceptive practices and predatory loans so that they can work out the terms, stay in their home, keep paying their mortgage." (CNN's "CNN Newsroom," 3/2/08)

Obama's National Service Plan Will Cost $3.5 Billion A Year; Equal To $14 Billion Over Four Years. "Barack Obama's national service plan will cost about $3.5 billion per year when it is fully implemented." (Obama For America, "Helping All Americans Serve Their Country: Barack Obama's Plan For Universal Voluntary Citizen Service," www.barackobama.com, 12/5/07)ns of new, expensive, tax-subsidized spending programs that Obama wants to initiate.

Full list here.

Check it out - truly mind-boggling that this no talent asshat is dead even in polls with a decorated war hero.

And on that note, here is my latest bumper sticker idea:

mccain_08_palin_09

7 comments:

Anonymous said...

OFF TOPIC RUE. HOW MANY OF THE OLD TIMERS CAN RECALL HARLEY SCHENKER AND PHIL KLINE COMING TO 1ST WATCH ROLL CALLLS AS GUEST SPEAKERS DRESSED IN DRAG AND DOING SONGS FROM HELLO DOLLY AND THEN GOING INTO THE OLD TRIBUTE TO MINSKYS RIALTO DOING A FULL STRIP AHHH THOSE WERE THE DAYS WE NEEDED A BARF BAG GONE BUT NOT FORGOTTEN

Rue St. Michel said...

Really? Is that legit?

Anonymous said...

Sounds good to me. When I retire I like this idea of free everything. I can become piss-bum, sleep in alley or doorway and everything is free. Maybe I move to Belmont? or Milwaukee Ave. perhaps live on roof at 3160, yes?

Anonymous said...

What a bunch of crap, Rue-y! The bailout plan is NOT socialism. Let me repeat that again. The bailout plan is NOT socialism. It is YOUR president pushing a plan to benefit the rich, pure and simple. It benefits those at the top who should be indicted.

If a Democratic president had done this you'd be all over him. Now you want eight years of the same thing with McShame. Get with it man! The GOP ius the party of the rich!

"leftisthebest"

Rue St. Michel said...

Lefty - Crap you say?

From Wikipedia:
Socialists mainly share the belief that capitalism unfairly concentrates power and wealth into a small section of society who control capital, and creates an unequal society. All socialists advocate the creation of an egalitarian society, in which wealth and power are distributed more evenly, although there is considerable disagreement among socialists over how, and to what extent this could be achieved.[1]

Obama is a socialist. Plain and simple. He doesn't call his schemes "5 year plans" but, in essence, his projects and proposals all do one thing: Redistribute wealth. He cries about class distinctions, and income disparities just like the good little Marxist that he is. I'm not being flippant on this one. He really is a socialist. The point to having so many trillions of dollars of new spending programs is so that more and more of the population (The Great Unwashed Masses) will fall under the Svengali spell of Federal handouts and quit working. When 50% of the population are being full subsidized by the Government, then they've won. After that no one will be in a position to fight them because they'll have all our guns, thought crimes will be enforceable and punishable and the news media will just roll over and do whatever they're told. Then you, Lefty, won't have anywhere to turn to criticize the president because the constitution will be shredded (it's already swiss cheese!) and Free Speech will be allowed only to those who tow the Party Line.

Rue St. Michel said...

Oh, just curious Lefty; Are you really Malcolm's Little Brother?

Anonymous said...

Listen to the song "World Destruction" by Timezone on the YOU-TUBE. Its the way it is..........