Editorial in the Sunday Journal Gazette
Posted by Mike Sylvester - 9/24/08 @ 9:20 am - Filed Under Uncategorized
I still get the Sunday newspaper because my wife likes the ads…
That being said I read the editorial and it was another socialist rant about income redistribution.
The first part of the piece is interesting; however, the final three paragraphs are just completely socialist.
It says that in addition to using taxpayer money to bail out the biggest corporations that helped cause the mess, the Government - particularly Congress - should examine ways to use the tax codes to help Americans who need it most.”
There are two appalling but typical statements from the JG in this quote.
First they support bailing out the very corporations who cause this mess. That is irresponsible and does not fix ANY of the core problems. In fact it rewards poor behavior and costs future generations trillions of dollars once interest is factored in.
Second they want to make the US tax code even more complicated and want it to be used to re-distribute wealth even more then it already does.
Third they say “overhauling the Social Security and Medicare payroll tax to exempt lower-income earners and raise the income limit to require higher-salary earners to pay a fairer share would be a good start.”
This would of course end up in even more income re-distribution.
I am sick and tired of socialist ideas. This is America, we are based on capitalism; not socialism.
Mike Sylvester
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7 Responses to “Editorial in the Sunday Journal Gazette”
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Mike,
I almost puked when I read that-surely Dick Inskeep doesn’t believe that nonsense!!This is where Obama and crew would take us sooner than later.
Hmm…redistribution of wealth…socialism…for the good of the state…sounds all too familiar, right?
Guys you are missing the real point! We, taxpayers, have to bail out millionares because they were to frivoulous with their money. Remember that AIG paid out millions in bonuses just 8 months ago for preformances resulting in high sales. They have eaten their own young and now because they are so big , Taxpayers, have to help them. Watch out for the bonuses that will be apid out!
This thinking is like a guy robbing a bank and then everyone in the lobby grab handfuls of money and blaming it on the bank robbers….
In a way I would like to see congress blow the entire thing up and do nothing. Then when people only get $100,000 from their bank where they had $175,000 that would be tough luck! Mutal funds that dropped to 15% of value we could go tough luck! When no one can barrow a penny for a car loan we can say tough luck to the people in the auto industry! We could watch the entire financial world fall apart for a year or more. Then we would know for a fact if someone was blowing smoke or not… I just wonder how many people are willing to risk everything to find out?
Of course the bad thing is the very people that got us into the mess are the ones “saving” us from it. Now that should scare everyone of us!!!
You want someone to thank? Thank congress. Plain and simple. They made the rules and we’re all gonna pay for it. TERM LIMITS! TERM LIMITS!
Tim,
I don’t think term limits are the answer, because you have the ability to lose institutional memory. What should be done is an expansion of Congress, particularly the House. Having the House limited to 435 members does not make any sense. The country is now over 300mm people, which is almost 700,000 people per Congressman. I think if you made the House have 1,000 members the country would see more turnover in Congress and better representation of the people. Currently a Congressman’s constituency is so large that s/he does not have the time to listen to it: making lobbyists easier to hear.
Mike,
Again thank you for research and sharing on all of our economical dire situation. Yes, Congress needs to be held accountable and some should be in prison. The best way to be aware of what our elected officials are doing is to go to The U.S.
Senate and Congress official government Website.
May I suggest to all readers of this blog explore, the flow chart of our elected officials at:
http://www.senate.gov/pagelayout/reference/e_one_section_no_teasers/org_chart.htm.
It’s a more present telling time to read what our Appropriations, Budget, Finance, Judiciary, and Rules & Admin, along with the joint Economic Committees propose before Sept . 30th.
Let’s look at our organizational chart for the 110th Congress. And may your readers, read what each Ranking Members are doing presently.
http://budget.senate.gov/democratic/
http://budget.senate.gov/republican/pressarchive/2008-09-24FloorStatement.pdf
I find the Appropriations Chairmen and committee spending not slashing costs: this is a lot of money thru 2016 they are budgeting. 347 pages.
09/http://jec.senate.gov/24/2008
Legislative Text of FY 2009 Consolidated Security, Disaster Assistance, and Continuing Appropriations Act, 2009.
We all need to go to the source and read our elected officials present proposals and documents.