Consider Barry's brand spanking new budget:
1. Raising the top marginal income tax rate (at which a majority of small business profits face taxation) from 35% to 39.6%. This is a $709 billion/10 year tax hike.
2. Raising the capital gains and dividends rate from 15% to 20%.
3. Raising the death tax rate from 35% to 45% and lowering the death tax exemption amount from $5 million ($10 million for couples) to $3.5 million. This is a $98 billion/ten year tax hike.
4. Capping the value of itemized deductions at the 28% bracket rate. This will effectively cut tax deductions for mortgage interest, charitable contributions, property taxes, state and local income or sales taxes, out-of-pocket medical expenses, and unreimbursed employee business expenses. A new means-tested phaseout of itemized deductions limits them even more. This is a $321 billion/ten year tax hike.
5. New bank taxes totaling $33 billion over ten years.
6. New international corporate tax hikes totaling $129 billion over ten years.
7. New life insurance company taxes totaling $14 billion over ten years.
8. Massive new taxes on energy, including LIFO repeal, Superfund, domestic energy manufacturing, and many others totaling $120 billion over ten years.
9. Increasing unemployment payroll taxes by $15 billion over ten years.
10. Taxing management capital gains in an investment partnership (“carried interest”) as ordinary income. This is a tax hike of $15 billion over ten years.
11. A giveaway to the trial lawyers—not letting companies deduct the cost of punitive damages from a lawsuit settlement. This is a tax hike of $300 million over ten years. (The Democrat Party is comprised of 100% LAWYERS).
12. Increasing tax penalties, information reporting, and IRS information sharing. This is a ten-year tax hike of $20 billion.
Add it all together, and this budget is a ten-year, $1.5 trillion tax hike over present law. That’s $1.5 trillion taken out of the economy and spent on government instead of being used to create jobs.
And speaking of the economy and employment, it appears that Seahawk Drilling Inc. has just filed for bankruptcy protection. They are also planning to SELL their fleet of offshore drilling rigs to a competitor (wanna bet the competitor is linked to Soros and Obama?) for $105 million.
EXCERPT: "Seahawk, which announced the deal with Hercules Offshore Inc. Friday, has been hurt by a slowdown in Gulf of Mexico drilling after the BP oil spill last April. The government halted drilling in deep waters and imposed tough new rules that have curtained all energy exploration in U.S. waters."
Obama the Destroyer indeed! Crushing Capitalism and the Free Market wherever it appears!
This, brothers and sisters, is the result of Obama the Destroyer slapping down a NO DRILLING ANYWHERE IN THE WORLD moratorium through his illegal Executive Order, using bullshit data compiled by his eco-nazi scientists and Owl Gore type experts in order to justify the implementation of his bogus "Green" agenda. Oddly enough, as Reverend Wright, Obama's racist pastor for TWENTY YEARS would say, "America's CHICKENS, are coming HOME, to roost," as the first of many drilling/oil companies declares bankruptcy. But then again, Obama the Destroyer SAID he was gonna bankrupt the coal industry. Thanks again Libs.
WAIT! The Gunny has it figured out. This is in line with Nutsy Pelosi's famous line, "One of the biggest stimulus's to our economy is unemployment! Unemployment benefits create jobs faster than almost any other initiative you can name."
So in order to SAVE the economy, Obama the Destroyer is burning it down. Gotcha.
So with Obama the Destroyer in charge, we're seeing more and more UNEMPLOYMENT (U3 and U6 numbers). We NOW have the Gulf communities getting socked by HUGE job losses.
Soros: "Nice job in the Gulf Barry."
Obama: (wink wink) "No problem. Just help me keep my birth certificate hidden!"
This results in massive declines in not only STATE tax revenues but also FEDERAL tax revenues. Now for you liberal idiots, this means that TAXES GO UP! (See above Obama the Destroyer new TAX EM AND SHAFT EM Budget). Even worse is that through social engineering, liberals have gotten 50% of the population OUT of the tax scheme AND STILL give them a refund that they are not owed through the lovely Earned Income Credit scam. Multiply this across the fruited plain, from sea to shining sea, and we're getting SCREWED ROYALLY by Obama the Destroyer and his army of socialist termites. How many employees will be let go and head off to the unemployment line, investors take it in the shorts as big losses occur in the businesses they invest in, and stocks plunge. Fellow Americans, if YOU have a 401K/Mutual Fund, IRA Fund, TSP, etc, guess what? THEY ARE TIED TO THE ECONOMY STUPID!
So let us say THANK YOU to the numerous morons, like Peggy the Moocher and Henrietta Hughes who voted for an empty-suit Marxist, Saul Alinsky trained asshat, who has caused so much damage by his dumbass policies and not only will there be MORE damage to come but it will take us YEARS to recover, if at all. Please, Peggy and the rest of you human leeches, PLEASE stop voting early and often.
Since Barry's and Ken Salazar's ILLEGAL order has been ruled unconstitutional AND Obama the Destroyer has been cited for contempt of court, Governors should just start issuing permits to drill and refine and mine. What's Barry gonna do, call out the National Guard? Hell, it'll be THEIR relatives doing those jobs! haha. If Piven and Valerie Jarrett and Van Jones and Anita Dunn can call for a "violent revolution in America," then the Gunny can issue a call for a "productive revolution in America." The governors of their respective states GO ON TV and POINT out where the paychecks for the enviro-nazis' comes from. For example, Governor Parnell of the Great State of Alaska goes on TV and points out to his fellow residents that the greenies who stand in the way of drilling and mining are say, getting THEIR paychecks from the Tides Foundation, or Soros, or Greenpeace, or the Sea Shepards (eco-terrorists) or other fetid liberal outlets even as they work to destroy ALASKA's ECONOMY and that the liberal media runs screens for them! And then tell them to piss off and start issuing permits. If Obama the Destroyer can ignore not one but TWO federal courts (offshore drilling and ObummerKare), then we can too. Rest assured, these enviro-nazis ARE getting their checks from outside sources so they could give a damn LESS what happens to the state. BET ON IT! (grant money from the feds, etc.) Would a greenie be happier hung with a hemp rope or a nylon one?
What the oil industry and Seahawk Drilling Inc, should do is file a class action lawsuit and ask the federal government by what RIGHT do they have to ban drilling. Slap Barry in as a defendant. Could it be possible that this court action MIGHT lead to the fact being uncovered that Obama the Destroyer might be an illegal undocumented foreigner and is an illegal President. Indeed, not even that walking asshat Carter was this anti-American. Carter is simply a babbling idiot who surrounded himself with idiots...gee, just like Barry did!
A quick view of Executive Orders (EOs) are for the most part, orders from the executive branch to the staffs of federal agencies but NOT orders to US citizens. Attention State Governors here, Article I, Section 1 of the US Constitution is VERY specific in that it reserves all federal legislative authority to the US Congress and NOT the president. Our Founders KNEW the problem of unfettered rulers who paid no heed to their subjects, er, citizens. Thus Obama the Destroyer's ban is bullshit. Drill away boys.
We owe Owl Gore a debt of gratitude for inventing the Internet because we can easily stay more informed (especially if you ignore PMSNBCABCSEEBSCNN, etc), we can fact check, and we can review the stupid quotes of morons like Nutsy Pelosi above. Thanks Owl. For example, decades ago we would have NEVER found out that NBC was bailed out through the government takeover, er, funding of GE! Piss poor performance is rewarded while hard work and productivity is punished. Ahhh, the joys of liberalism.
Turn up the soundtrack to Conan the Barbarian as you watch Obama the Destroyer viciously attack the enemies of socialism, i.e., jobs, investment capital, businesses, CEOs, Wall Street, opportunities for the American Dream, the Dollar, Oil and Coal industries, etc, as he rampages through our economy, smashing those evil incandescent light bulbs left and right! Obama the Destroyer works to limit the private sector, which limits businesses from hiring, and thus, job losses will continue to grow. But according to the Kenyan Keynesian Man-Child, we have to SPEND out way out of debt! 3.7 TRILLION and rising. But according to Nutsy, being unemployed actually GROWS the economy! Maybe on Planet Libby.
Gunny,
ReplyDeleteMillions, billions, and trillions are discussed as if they are common language. A Trillion is an astromical amount. Just to give perspective the $100 billion cut that the Republicans want to enforce, and that the libs are whining about, is only a 3/10ths of 1 percent cut in the 3.7 trillion budget.
Good for you Gunny... Go get 'em!!
ReplyDeleteI can only hope that Barry not only gets impeached and tossed out on his ear, but will be cuffed and tossed in a cold dark cell!! ( I can dream can't I?)
It seems like every idea that Carter had that turned to crap, BHO wants to do just that, whether it's cutting military, punishing the working middle calss, or raising taxes.
ReplyDeleteThe sooner BHO takes up peanut farming, the better.
Hardnox,
ReplyDeleteI saw the pie chart on Beck with that cut included and had to laugh. You could BARELY see it! I'll bet if they ran that budget past the TAXPAYERS, we could trim that damn thing!
Nanna,
ReplyDeleteIf we had politicians who had guts and who weren't busy hiding the skeletons in their closets, they'd be going after these bums like Michael Mooreon after free Big Macs!
Obama is ALREADY in contempt of court, that ain't a jailable offense? I had a buddy who got 30 days for contempt of court!
Pack Rat,
ReplyDeleteI could not agree more. The sooner WE THE PEOPLE clean house, the better.
Peggy the Moocher and Heneritta Hughes forget one thing. They vote for socialism because they believe the freebies will flow like water in a mountain stream. Funny. Somewhere I read that in the old Soviet Union the rule of the day was a day of work. If you didn't work you didn't get paid. THAT is what is missing in our social welfare programs...
ReplyDeleteI gotta agree. The state governors should immediately start issuing state drill permits.
ReplyDeleteLike you said. The federal ban has been declared unconstitutional. State lands are state affairs. Does Article 10 come to mind?
Buck,
ReplyDeleteAt some point the joke in the USSR became " They pretend to pay us, and we pretend to work."
Could that be part of why the USSR fell?
Buck,
ReplyDeleteWhat is really missing in our welfare programs is making them, as Franklin stated, UNCOMFORTABLE in taking it.
Buck,
ReplyDeleteIf I was the Governor up here, I would have already outed the greenies and where their money is coming from and let the people handle the issue! The greenies would have their picture splashed on the TV and where THEIR paychecks were coming from, i.e., Tides Foundation, and what they were doing to hinder/stop people from working.
Pack Rat,
ReplyDeleteYou mean socialism didn't work for them either? The horror! haha
This guy is so full of shit he needs to be declared a toxic waste zone.Listening to the P.L.L. this AM about his "budget" on the snooze confirms it.Everything he does,attempts to do,has ONE purpose in mind,and that is to destroy the economy,and thus,the nation.This statement stood out among the vapidity for it's resounding idiocy,"oil based energy is the energy of the past". WTF??? Good post,Guns.
ReplyDeleteclyde,
ReplyDeleteAs usual, I'm one step ahead of the Jackanape in the White House. I simply can't beleive that this idiot has not been impeached yet, and if for nothing else than the safety of the US! This moron slaps down a 7 YEAR moritorium on drilling? Where is the Constitutional authority for that?
I can't help but think, Guns...all the idiots that voted for the Pied Piper who are still defending him must really be stuck on stupid!!! It's there in black and white and some of these folks are still blaming Bush.
ReplyDeleteFor God's sake...I wish they'd WTFU!! It astounds me that people think his budget is fine. If outlaying more than is taken in reduces the deficit and you leave out factors like interest payments, I mean, HFS, batman, what's the secret!?
if this guy gets reelected we can say bye bye to our way of life and the greatest country ever founded, and believe it or not he has a very good chance of getting there because of all the ignorant and misinformed people. there are so many.
ReplyDelete