The U.S. Senate has made clear what it wants to do with
the American public; it passed a $600
billion tax increase and a measly $15 billion spending cut which was set to
take place anyway. Then it kicked the
can down the road for another two months regarding the looming spending cuts
which are supposed to take place today.
Included in this legislation is a provision to allow the reduced payroll
withholdings to expire, which means that your Social Security payroll deduction
is going back up to 6.2%.
COMMENTS:
There are many other provisions contained in this legislation
and, at blogging time last night, it appeared the House would pass the
legislation, evidently operating on the theory that bad legislation is better
that no legislation at all. And, it
appears that the $600 billion in increased taxes will not go toward paying down
the debt; Obama is going to use it to increase
government spending.
TODAY’S QUERIES & ANSWERS:
Q. Do you think the country will ever get back to the “good
old days?” (Jill ~ Bishop, CA)
A. I'm not quite sure what you mean by "good old days," so let's take it in a general concept. Social norms generally follow the examples of the
leadership of a country. Our Members of
Congress are an ugly lot accomplishing little, if any, good for the general
populace. Our criminal justice system is
falling apart at the seams; our President is so self-absorbed that he fails to
recognize that the rest of the country exists at all.
Our religious leaders are meek and silent. Our educational system is so left-leaning
that it is distorting the very definition of “American values.” And, those in this country who just don’t
care what happens to the country obviously outnumber those that do. So, short of another American Revolution, I
don’t see how we can ever return to the “good old days.”
Q. With this latest talk about the Fiscal Cliff, I haven’t
heard anyone really address the situation of the debt ceiling. Is Obama going to get his way and have Presidential
powers to raise it whenever he wants?
(Holly ~ Laughlin, NV)
A. I haven’t really been able to discern whether or not it
is part of this latest package or not. I
know that Geithner has officially notified the President and the Congress that
the ceiling has been reached. I know
that Lindsey Graham was urging Republicans to sign on to this latest deal and
save the fight for the debt ceiling. He
says there’s no sense huffing and puffing up until the end and then “folding
like a cheap suit.” I’ve got news for
him; they’ve been folding like cheap suits for four years now. You’d think they would at least dust them off
now and then.
Q. With the news floating around in Washington right now
about Benghazi and the summation that State, Defense and the Administration “blew
it” in protecting the Consulate, do you think that’s the whole reason they had
the cover up? (Blaine ~ Durango, CO)
A. No, it is definitely not that simple. There’s something far bigger and more sinister
waiting to be discovered. Otherwise they
wouldn’t be wiggling like the worms they are on the hook.
TODAY’S QUOTE:
“My reading of history convinces me that
most bad government results from too much government.” ~ Thomas Jefferson
TODAY’S VIDEO:
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