I don’t claim to know a lot about history except what I have lived through. Those Democrats have about ruined us as a country for the last 50 years. FDR started the Social Security of course. At that time, everyone was supposed to be dead before they collected. Most of know that by now. At that time, all Social Security payments were completely free from all sorts of taxation and anything else that would deplete their intent. Jack Kennedy didn’t have time to do much in his tenure in the White House. But then Lyndon Johnson made up for any lost time. He completely destroyed just about everything that was the true U.S.A. He and his Democrat buddies in Congress together gave the store away. I can see him now telling the country how wonderful he was with his Great Society program. He had all the answers except one – who would pay the bills for all his giveaways. Well, of course you know the answer to that one by now. WE are paying the price every day in all that we do and in all those taxes we are paying and paying and paying and have been paying for a long, long time and will pay for an even longer time.
And then Jimmy Carter came along and added even more stupid programs to those that were already there. The Dept. of Energy is his crowning achievement though. We are paying for that fiasco every single day, too.
And then Bill Clinton came along and he has done even more damage. When he was Governor in Arkansas, he raised taxes 148 times. But the media didn’t tell anyone about that one. They wanted their darling Bill to be elected and he was. Just get the American media on your side and you can get by with anything. As long as there is a story there and they can bring in all their people and equipment and make a big deal out of it.
On the Republican side, I can’t say a lot good about Eisenhower. He really wasn’t cut out to be president. He was a good guy, I’m sure, and liked to play golf a lot, but that was about it. George Bush was a great president. But he was a victim of those funny Democrats. They refused to pass any of is legislation so we had gridlock over and over again. And the Democrats just laughed up their sleeves. Had put one over on the American public once again. Ha Ha. So funny.
Then when George W. came along, they did the same thing to him. And are still doing it every day when they can get the media to print something else. But the Democrats and the media were all laughing so hard and that was all that mattered. To heck with the taxpayer. To heck with the government. None of that mattered. It was the gotcha’ atmosphere once again.
Pay attention when it comes time to vote once again. Do not listen to the media. Study the issues yourself. Make up your own mind. Then vote. But by all means, vote. I said earlier I think only those with a job should be allowed to cast a vote. That would be too hard to enforce since there are so many tricks to the trade these days. Maybe if only honest people could vote. Wonder how that would work. Oh well, something will come along to straighten out this horrible mess. Always does.
I see in the papers and on the television that Obama’s bunch is now going to fix the finances of this great country. Seems that Barney Frank has a plan. It is called the Consumer Financial Protection Agency and would be set up as a branch of the government – as usual. It will be part of a broader effort to take over regulation of financial institutions. What in the world is going on with all this administration. First, they spend all the money they can get their hands on. Then they put banks out of business all over the country and now they want to fix everything with the financial world. Seems to me that they don’t know what in the heck they are doing, not now or ever. Of course this is their ultimate plan, to take over everything in this country including all the financial operations. They have their finger in the housing mortgages and now are investigating. What is wrong with that? They are what is wrong with that to begin with. Them and their no good loans made to people that they knew could not repay them. And their heavy-handed ways of overseeing all the financial operations of the country. Take a look around you. Notice that the administration is beginning to run everything from loans, to the stock market, to everyday things such as your credit cards and your automobiles. And now Barney Frank states that this agency must be created because the Federal Reserve and bank regulators squandered their powers to police lending abuses. Oh my, just listen to that and to who is doing the talking. I did not know they were supposed to be policing the lending abuses in the first place. Who put all these people in charge. Lending abuses are caused by individual lenders to individuals who should not be approved for borrowing in the first place.
I received an email recently entitled The Truth About The Health Care Bills. The man who sent this said he had read the entire text of proposed House Bill 3200, The Affordable Health Care Choices Act of 2009. He also says his particular expertise is in constitutional law and had read the entire bill in order to see if any of it was really unconstitutional. He then stated that it was far worse than he had even imagined.
Another interference into the life of the individual in these United States of America. I was told only yesterday that the government, meaning the liberal Democrats, have devised another new tax system. The average American thinks that streets and sewers and schools built in this country are paid for by their tax dollars. This is not true. Those new city and county and state projects are paid for with bonds. The city or county or state or schools or whatever is needed issue bonds in the amounts that they need to get their construction under way. These bonds are put out for the public to buy at an interest rate that will attract buyers. In effect, they are borrowing money from the investors to pay for these projects. The life of these bonds can vary from a few years to up to about 30 years. The interest rates are not generally very high, but they are usually issued as ‘tax free bonds’. This is what draws the taxpayer to purchase these bonds. Because he can draw interest every six months for the life of the bond or until the bond is called. And he does not have to pay tax on this interest. If the municipality or school or college is able to pay off the bonds earlier than their life, then the bond will be called and the taxpayer gets his investment (loan) back. The taxpayer can buy bonds that are rated very highly, meaning you are almost assured of getting your money returned to you, or they can take more risk, usually for higher interest rates, gambling on whether or not they will get their full return back.
I have been around a long time. I have lived through many an administration, but never have I seen an administration that could compare with the current one. Administrations in the past had their faults, no doubt about that. Both Republican and Democratic have been depicted as tyrants at times and at other times as complete idiots. Both representations were true at the time I am sure.
( Cap and Tax - Part 2)
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