Tuesday, March 07, 2006

GOP Tax Cutters Want To Slit America's Throat

By Elaine Meinel Supkis

The GOP, after blatantly lying about tax cuts and war, now want us to follow their bitter Trail of Tax Tears to the obvious end: the deaths of millions of Americans. They won't recind a single tax cut to the rich. They think they can drink our blood, our sweat and our tears.

From the NYT:
With Congress heading into a politically perilous budget season, influential House conservatives plan this week to propose an austere alternative spending plan that would pare more than $650 billion over five years, balance the budget and drastically shrink three cabinet agencies.
Of course, 100% of the cuts come at the expense of the young, the old and the middle aged. Anyone who isn't very rich or very strong or both. This Terminator Budget was the GOP plan from day one: to drive up the debt until draconian cuts eliminate "excess population." These same clowns are now on the warpath to force women to have babies. This is for war purposes only. Any woman wanting to stay alive past 50 will need at least three sons so the one who dies in war and the one worked to death won't matter, she will be supported by the remaining son, this is exactly how the Third World works with an insanely high birthrate and of course, high death rate.
"We can't be all things to all people when it comes to spending the taxpayers' money," Mr. Bush said at a ceremony installing a new chairman of the Council of Economic Advisers.
For the most part, the men paying Bush big bucks to rule over us don't want to share a thin dime with us. And his words are a declaration of war against the poor, the elderly, the sick.

Even with all this stuff, the numbers are a total disaster. First, the government and the media have lied consistently from 2000 onwards. They always include our Social Security money in the debt calculations so the extra $200 billion a year doesn't show up. So when the deficit is supposedly "only" $350 billion it acutally is over $500 billion. Looking at the debt ceiling which has to be raised nearly every year, Bush's tax cuts and wild military spending has cost us an extra $2.5 TRILLION.

The draconian, deadly cuts the GOP right wing Nazis want don't work at all. $650 billion divided by 5= $130 billion. OK, at no time has the deficit, under Bush and the GOP been less than $300 billion, often over that. So this leaves yet another $130+billion that has to be cut if Americans don't want to tax the extremely wealthy. Not one Republican is calling for restoring taxes to the sane level they were at under Clinton. This just isn't in their vocalulary.

Starve the poor? Yup. Let the elderly die in the gutter? Check! No schooling for our kids? Gotcha!
Under the proposal, expected to be introduced by Representative Mike Pence, Republican of Indiana, and Representative Jeb Hensarling, Republican of Texas, military spending would continue to rise, administration tax cuts would be protected and Social Security would be spared. But many other programs and foreign aid would be greatly scaled back.
We spend over $2 billion a week in Iraq. Our coming war with Iran won't come cheap, either, since they plan to strike back by cuttting off oil to the coalition of Neo-nazi states. This is going to send all of us who use oil into the poorhouse but will make Bush's supporters extremely rich, they can't wait.

From the Washington Post:
Democrats hope to use the upcoming congressional debate over raising the debt limit to highlight what they see as the failings of the administration's economic program with its emphasis on sweeping tax cuts.

An actual default on the debt, a situation when the government misses making payments to current bondholders, is a doomsday scenario considered highly unlikely given what it would do to the government's credit rating.

It is expected that after intense debate, Congress will approve an increase in the current $8.18 trillion debt limit by perhaps $781 billion.
If the Democrats want "an intense debate" they could use my many cartoons on this subject. Maybe that might penetrate thick skulls. Or not.

Giving Bush $781 billion will simply mean he and his buddies will pocket the entire amount, in general, in less than a year. Since our budget deficit has tracked the trade deficit very closely---and that was nearly a trillion last year!---I expect the budget deficit to do the same.
Sen. Max Baucus, D-Mont., said last week that under President Bush the total of the deficits has increased by $3 trillion, a 40 percent increase from where the national debt _ the total of previous deficits _ stood when Bush took office in January 2001.
Now this interestes me because the supposed raise since Bush stole the election in 2000 is supposed to be $2.4 Trillion red ink. I suspect the amount is very much closer to his than my conservative account.
Treasury officials, briefing congressional aides last week, said that the government will run out of maneuvering room to keep from exceeding the current limit sometime during the week of March 20.
Deliberately starting a war with Iran fixes this! The need for increasing the insane amount we waste on our imperial/private military machine will be self evident as everyone is herded into the cattle pen to be shipped off to do or die.

Rationing, pinning down the population, "sacrifices" will be the order of the day as the men ruining our lives scream we must do these destructive things or the Iranians will destroy America. This is why I am expecting war. Note that at all times, our rulers pretend they don't have to consult with anyone including Congress over matters of war or peace or spying on Americans.

The government net is far and wide thanks to seemingly unlimited funding for spying on Americans. From Scripp's Howard:
They were told, as they moved up the managerial ladder at the call center, that the amount they had sent in was much larger than their normal monthly payment. And if the increase hits a certain percentage higher than that normal payment, Homeland Security has to be notified. And the money doesn't move until the threat alert is lifted.
These actions aren't for catching "terrorists" for any logical thinking immediately shows the stupidity of this. People going on terrorist binges run UP bills, not pay them off! If you aren't going to be around to pay, why pay up?

Of course, this is to catch drug dealers for the nasty, pointless, stupid, unconstitutional war against people consuming garbage means funding a giant police state which is now utterly out of control and is rapidly morphing into a punitive police state that, in classic fashion, will bleed the country dry. This happens to all military empires and will kill our own empire.

Click here to see the Concord Coalition graph for the budget deficit.One line of this graph, the one supposing Bush and the GOP get all their tax cuts (seems no limit to these buggers!) what the projecting deficit will be in 2024: -$850 billion a year! Well, actually, this is assuming the numbers are not fake for today and the deficit is only $350 billion and not $500 billion which is what it actually is.

Drawing a line from $500 billion, the projection is much worse at $1.3 trillion a year, a hopelessly unsustainable amount.

Things are tipping over now. From Market Watch:

U.S. stocks traded lower Tuesday afternoon in a market concerned about rising interest rates, with the technology sector pacing the decline after a disappointing sales outlook from Texas Instruments.
Once again, the stock market is floundering and it is obvious why. The entire economy, this pathetic "Martha Steward" fix our homes economy is now on its last red ink legs. Fueled by public and private loans lent at ruinous rates thanks to foreign governments lending us money, this is suddenly drying up as it always happens in such cases.
On Monday, the yield on the benchmark 10-year note reached its highest level since June 2004, the month during which the Federal Reserve began putting in place what's been a program of steady, quarter-point rate hikes.

Concerns about rates intensified after St. Louis Federal Reserve President William Poole, widely considered to be hawkish on inflation, said the Fed may have to "step a little harder on the brake."
See the trap? Inflation was supposed to be caused by high wages. Not oil. This stupid lie was repeated by zillions of stupid "economists" and politicians until they convinced themselves of this. Worse, they pretended they controlled interest rates. Worse, they let China know we are now at their mercy by demanding China change their currency to suit us and when China refused, we asked for more loans! Hahaha. Talk about dumb.

Now, as the housing boom goes boom, the Fed is going to "put on the brakes harder"? Um, won't that cause our pretty little car to crash? Or is there a wall or cliff straight ahead? Skidding sideways into it or off it won't save us, will it?

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