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Grumbles Before The Grave

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September 26, 2007

Holy Freakin Crap

Okay, I'm thinking that the Obama story just below was the 'doozy' that would make everyone just shake their heads.

I was wrong.

Here's something that will make Obama look just goofy....I'm thinking that there might be a necessity to test all members of Congress for narcotics use and/or the need for 'happy pills'.

Posted by Mad Mikey at 07:15 PM | Comments (7) | TrackBack (0)
Posted by Mad Mikey at 07:15 PM | Comments (7) | TrackBack (0)

September 24, 2007

Dip Stick

Obama Floats Social Security Tax Hike
Democratic Presidential Candidate Suggests Taxing Those Who Make More Than $97,000 Per Year

Sen. Barack Obama, D-Ill., is considering a major tax hike on the rich to shore up the nation's Social Security system.

"If we kept the payroll tax rate exactly the same but applied it to all earnings and not just the first $97,000," Obama wrote this week in an Iowa newspaper, "we could eliminate the entire Social Security shortfall."

Obama's idea, which he described on the op-ed page of Friday's Quad City Times as being "one possible option" and not a formal plan, would raise more than $1 trillion over 10 years by subjecting income of more than $97,000 to a 12.4 percent tax. Half of the tax would be paid by employees and half would be paid by employers.

Obama is floating the idea of a tax hike on the rich as a way of assuring lower- and middle-income voters that he sees an option for ensuring Social Security's solvency that would not burden them. Obama has been indirectly criticized by Sen. Hillary Clinton, D-N.Y., for suggesting on ABC News' "This Week with George Stephanopoulos" that a higher retirement age should be "on the table."

Well, let's take a look at why this isn't such a great idea:
  • Increasing the amount of income to be 'taxable' in the name of Social Security from $97,000 to whatever is basically increasing the taxes on 'the rich' and it's unfair.

    Why unfair? How about this simple chain of thoughts: if you make more than $97,000 on average, then you're probably squirreling away some of it to retire on; seriously, you're sure not going to rely on SS to live on.

  • The Congress - both Democrats and Republicans - managed to piss away the 'Social Security Lock Box' which was meant to stabilize the SS problem once.....what's to say that it won't happen again? Besides....increasing the amount of monies being brought into the treasury will only tempt some in Congress to piss it away all that much faster.

  • It's basically another 'tax the rich to feed the poor' type plans. Does Obama really think that -- wait....yeah, he does; he's gunning for the poor Dems that salivate at the notion of increasing taxes on the rich since it will solve all of the world's problems.
And there's one thing that I believe Obama didn't consider when he was looking over his speech notes right before opening his mouth: Walter Mondale tried that 'hard truth' back in 1984 when he told everyone that he would increase taxes and not lie to the American people about it....and he barely managed to get HALF of his own home state (Minnesota, I believe) in electoral votes while President Reagan just completely stomped his butt in the election.

Senator Obama might want to review a little history before he tosses out any more of these 'great ideas'....

Posted by Mad Mikey at 06:38 PM | Comments (3) | TrackBack (0)
Posted by Mad Mikey at 06:38 PM | Comments (3) | TrackBack (0)


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About Me

Who is Mikey?
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Mikey is a forty-something U.S. Navy veteran that is currently taking a break from being a full-time student at UC San Diego studying electrical engineering.

He's also a husband, a father, a former Independent/Democrat and is currently dealing with dialysis and getting on the national kidney transplant list.

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