The New York Post posted an editorial yesterday on the President's proposals to deal with the debt ceiling. The Post quoted some of the language used at the President's press conference:
""The tax cuts I'm proposing we get rid of" -- that is, the tax hikes he wants to impose -- "are for millionaires and billionaires . . . oil companies and hedge-fund companies and corporate-jet owners," Obama said.
Choosing "to keep those tax breaks" -- that is, to avoid hikes -- "means we got to cut kids off from getting a college scholarship" and "stop funding certain grants for medical research."
"Not only that: "Food safety may be compromised," he warned. "Medicare has to bear a greater part of the burden . . . ""Why not just predict the end of all life as we know it, absent tax hikes?"
This is ridiculous. Does anyone actually believe that every dollar spent by the federal government is so critical that a spending cut will endanger lives?
On July 11, 2010, the Washington Examiner reported:
"...The story for public sector employment, however, is quite the opposite. At 4.4 percent, the unemployment rate among government workers is almost exactly half that of the private sector. But the insulation of government workers from the market realities that private sector workers face is far from the whole story. The federal work force is expanding, not contracting, thanks to Obama initiatives like a health care program that adds 16,000 new Internal Revenue Service enforcers to ensure compliance with the individual mandate. Between December 2008 and December 2009, the federal government added nearly 100,000 new positions."
Somehow I don't think not having enough money for the government is the problem. As the government grows, the private sector shrinks. The President might want to keep that in mind as he continues he quest to lower unemployment.
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A report released by the Tax Foundation, an organization that researches issues relating to taxes, shows that the U.S. citizen pays on average 16.26% in taxes and fees for their mobile calls. However, the majority of the taxes and fees are actually levied by the local authorities with the IRS taking taxes of 5.05% and the States applying tax rates of between 1.81% in Oregon and 18.64% in Nebraska.
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On average, the states charge taxes and fees averaging at 11.21%. In their report, the Tax Foundation also noted that the Federal Government and States intentionally seek to hide the extent of this heavy taxation from the citizens. For example, in Texas, the State authority sued a mobile company, Sprint, for itemizing the State taxation element separately in their bills to their clients. Other States have also worked to conceal the taxation rate for mobile calls that they charge through the wireless companies.
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