THE NEWSLETTER

Today's Note From a Madman

Thursday, May 12, 2005

 

 

LIES, TAX CUTS & THE PAINFUL TRUTH

“Tax relief for everybody … while still reducing the national debt and funding important priorities.”

–George W.  Bush
-There was no National Debt until President Bush and his big-spending Republican friends started their assault on the lower- and middle-classes.
-The National Debt hovers around the $500 billion mark each year, excluding the emergency funding for the Iraq war. The conservative 10-year projection for the National Debt is a minimum of
$4.65 trillion dollars.


"I believe everyone deserves a tax cut."

–George W.  Bush
20 million low-income Americans pay no income taxes, but do pay payroll taxes (Social Security taxes). They got no tax break at all. Here is Noah Greenberg's Social Security Plan:
-Eliminate the cap (on the employee side ONLY, as to not interfere with businesses - employers would pay the same 6.2 percent on the first $90,000 earned for each employee)
-Reduce the employee paid rate from 6.2 percent to 5.95 percent
-No one would pay any payroll tax (Social Security tax) on the first $10,000 of earned income - although the tax would be collected, everyone earning at least $10,000 in the previous calendar year would receive a check for $595 (after their federal income taxes had been filed, received and processed) - in many cases, this $595 would come just in time to pay some of those nasty Holiday Season credit card bills
 

"Those with the greatest need should receive the greatest help."

–George W.  Bush

"The vast majority of my tax cuts go to the bottom of the spectrum."

–George W.  Bush
“The bottom end of the economic ladder receives the biggest percentage of cuts.”

–George W.  Bush
As a percentage, a family earning under $26,000 per year might have their income taxes eliminated (under George Bush's tax give-back to the rich - but not their Social Security taxes). In essence, they received a 100 percent tax cut (which might have totaled less than $10 per week). The top one percent, while not receiving 100 percent of their tax money back, fared much, much better. For example, a family earning $26,000 per year gets all of its $400 refunded, or a 100 percent income tax reduction. A family earning $2.6 million per year might get a refund of $40,000 per year on $80,000 of paid income taxes. This family 's refund was a mere 50 percent. Who do you think fared better?

"The income tax rate reduction affects those making $27,000 to $65,000 a year - hardworking Americans who could use help."

–George W.  Bush
-Citizens for Tax Justice concluded that 42.6 percent of the 1.6 trillion dollar tax cut went to the top one percent of all wage earners (those earning over $319,000). More than half would go to the top 5 percent (those earning over $130,000). The bottom 60 percent received a mere 12.6 percent. The top one percent received an average of $46,072. The average middle class wage earner received $453 a year, or less that $10 per week. The New York Times, the Los Angeles Times, NBC News and ABC News all agreed with the Citizens for Tax Justice estimates.
-The Child Tax Credit, which was to put $1600 in the pocket of most “typical” families would give the top 20 percent of all wage earners 50 percent of the money available for this. The bottom 40 percent would receive only 3 percent.
-The Child Tax Credit has recently been changes to eliminate over 9 million families that used to receive the credit.
-Only 25 percent of the 92 million taxpayers that received a tax break spent it. The rest saved it. The almost 2 trillion dollar tax break only brought 10 billion dollars into the economy, or one-half of one percent.


Bush had broken a major campaign promise to cause no deficits, enact affordable tax cuts, preserve the rainy-day fund, to reduce the national debt and to honor the Social Security lock-box.

-Noah Greenberg



C-Span Hits a New Low

Holy Toledo Ohio. I turned on C-Span and was smacked in the face with "A Tribute To Tom Delay".

Where's the air sick bag ...

-Robert Scardapane



Responses

In response to Jack Kashinky's: "...the proposed National License Registration. This is something that the Democrats have called for many times in the past," Noah Greenberg responds:

It is amazing how common sense takes precedence over left vs. right or Democrat vs. Republican on this issue. Note from a Madman, with all of its "Right Wing Zealot" and "Bleeding Heart Liberal" subscribers has not received a single response thinking that a National Driver's License is a bad idea!

I do understand the left's problem with the use of such a device as a means to track good people. I even further understand the suspicion that such a device could be used to track the US citizenry as consumers. But on this issue, making it harder for those who shouldn't have easy access to the most accepted form of ID in the United States is a good idea whose time has come.

And yes, Jack, you are right. It was the Democrats who have been championing this idea all along. It wasn't worth the time and effort by the majority party (the Republicans) until they were able to see it as a political tool to take our focus off of other important issues like the rising cost of health care. Whenever possible, I will mention that
45 million Americans have no health care whatsoever. There... I just said it.

Robert Scardapane writes:

I am an ACLU member and in general support their efforts. However, I think they over-reacted to the Real ID Act. Let's face reality, the 9/11 terrorists boarded airplanes using driver's licenses obtained in states that lack identification standards.

I am have a tough time finding in the Bill of Rights a right to be anonymous. Concerning non-citizens, states can still issue certificates that are valid for driving but not boarding airplanes. Documents such as visas and passports can be provided instead.

With that said, there are legitimate concerns about keeping any database secure. Computerization in principle enables tougher security but when misused can result in theft.

By the way, New Jersey already implements security standards that meet Real ID requirements. For instance, you must provide a birth certificate as prove of citizenship. I got a photo driver's ID recently and it wasn't all that painful.



In response to Rod and Chris, Jack Kashinsky writes:

It is an open secret that Iran, through the Hezbollah, controls Lebanon. This is why the Syrians so readily left Lebanon. They have been in active collaboration with the Hezbollah from the gitty go.

The Lipper couldn't care less about the welfare of Israel. What he does care about is the large amount of money and support he receives at home from some selfish elements of American Jewry.

It is also an open secret that a lot of financial, military weaponry, and intelligence comes to Iraq through the porous borders of Iran.

The Lipper would never risk having the Hezbollah open a second front in Iraq, hence his reluctance to aggravate them. The Irony is that Iran is already planning a second front. The only question is the timing. Once most of our military is out of Iraq, the country will be thrust into a nasty civil war. At this time Iran will make it's move, unless provoked before then.

Rod Remelin and Chris Tennant are so engrossed in taking useless pot shots at the Lipper and his administration that they are now building, and then attacking, their own straw men.

America's Southwestern borders have ALWAYS been porous. This dates back to the time when all of this territory was stolen from Mexica and Spain. For many years there were a preponderance of native Hispanic people living there, and migration across the US imposed border was a given.

The problem occurred when many of the carpetbaggers who originally stole this land (many of whom were from the South), began to implement the most vile aspects of the old Southern tradition of slave labor.

Due to ongoing warfare, unrest and utter poverty in Mexico, many Mexicans opted to cross the open border to exchange despicable conditions at home for bad conditions in the US.

Exploitation became the name of the game. Guess whose side the Lipper is on?

The US communities, where these poor souls stayed, soon began to feel the financial pressure of having to extend social services, health care and increased police and fire protection.

This has now reached crises status, and the Lipper "bravely" sticks to his guns in support of the exploiters.

What a guy.



Kiss Ass Up, Kick Ass Down

"This United States can do better than John Bolton," Voinovich told the Senate Foreign Relations Committee in one of the first big battles of President Bush's second term. "That being said, Mr. Chairman, I am not so arrogant to think that I should impose my judgment and perspective of the U.S. position in the world community on the rest of my colleagues," he added.

Good golly gosh Mr. Voinovich, the motif of your party is arrogance, so why not join in?

Sen. Chuck Hagel, R-Neb., who earlier expressed misgivings about the nomination, told the panel he decided he had
"enough confidence in this president to take him at his word, and take Mr. Bolton at his word."

Mr. Hagel, take Bush at his word, are you nuts?

Sadly, the Bolton nomination now goes to the floor for a vote. No doubt, Rove will whip the gutless Republican wonders into shape. Oh my, there are Republican madman loose in our capital, will someone find an extra large net!

-Robert Scardapane



Unreal Quotes

"The time has come that the American people know exactly what their Representatives are doing here in Washington. Are they feeding at the public trough, taking lobbyist-paid vacations, getting wined and dined by special interest groups? Or are they working hard to represent their constituents? The people, the American people, have a right to know."
-Tom DeLay, 11/16/95


In 1994, the Republicans campaigned nationally on the Contract with America, promising high ethical standards and responsiveness to the great citizens of this country. A hard charging, take no prisoners lawmaker named Tom Delay said to the American people

It must have been in the fine print, but apparently that "Contract" expired after 10 years.

Tonight Tom DeLay's friends, calling themselves "the Conservative Movement," are "rallying" to his side in the only way they seem to know how: a $250 per plate dinner with Republican power brokers and extremist special interests.

-The DCCC

While they were "rallying", I was hunting for an air sick bag.

-Robert Scardapane


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-Noah Greenberg