MOODY’S TELLS U.S.: “TAX THE POOR AND THE MIDDLE CLASS MORE”

An international credit rating firm, Moody’s, is saying that the “fiscal cliff” deal reached by Congress and the President does little to improve things regarding the current debt growth.  It goes on to say, “Although the fiscal package raises some revenue through higher tax rates on individuals earning more than $400,000 ($450,000 for joint filers) and through some other smaller measures, the estimated amount of increased revenue over the next decade is far outweighed by the amount of revenue foregone through the extension of lower tax rates for those with incomes below $400,000, the indexation of the alternative minimum tax, and other measures."

COMMENTS:

The day is just around the corner when you and I are going to have to fork over more of our hard-earned money in order to support Obama’s blatant disregard for fiscal responsibility and his lavish spending habits. 

TODAY’S QUERIES & ANSWERS:

Q. Is there any progress on Texas’ petition to withdraw from the Union?  (Irene ~ Cathedral City, CA)

A. The “petition” is not an official government document, but a petition submitted via the White House website with 125,000 signatures.  The White House responded that the Constitution does not provide for the secession of a State from the Union, and cited the Civil War issue as a precedent.  That’s too bad; the way the Cowboys have been playing football, I was kind of hoping Texas would get to go. 

Q. How does Congress get away it with adding pork to a disaster relief bill like the one for Super Storm Sandy?  (Pat ~ Elko, NV)

A. Nobody wants to stop them.  Don’t you get the message?  Congress and the President can do what they want and there’s nothing you can do about it.  We had the chance on November 6^th and blew it.  Like I said at the time, “Bye, bye country.” 

Q. What do you think about the 19 different Executive Orders the President is going to enact [today]?  (Sandy ~ Des Moines, IA)

A. Well, first of all we don’t know that there will be 19.  Biden is providing “The Omnipotent One” with 19 options, but that doesn’t mean he will act on all of them and he may have a few ideas of his own.  One thing being discussed is ordering the CDC to conduct an investigation into mental health issues, and I agree with that idea.  Another is forcing mental health officials to turn over more confidential psychiatric assessments to a database to be used in determining eligibility for gun control.  While that certainly sounds good, it has the potential of violating some very fundamental rights of privacy.  If any of these new dictates seriously violates the 2^nd Amendment rights of gun owners, you can expect there will be Holy Hell to pay. 

TODAY’S QUOTE:

“After a shooting spree, they always want to take the guns away from the people who didn't do it. I sure as hell wouldn't want to live in a society where the only people allowed guns are the police and the military.” ~ William S. Burroughs

TODAY’S VIDEO:

http://www.fox19.com/category/240225/video-landing-page?autoStart=true&topVideoCatNo=default&clipId=8153082