Archive for the 'Budget' Category

Illinois To Lose Electoral Votes

By Caomhin

They raised income taxes by 66%.  That is not a type, this is what happens your Congress goes absolutely berserk and starts spending like there is no tomorrow.  Eventually tomorrow comes:

The hike increases the state’s personal income tax rate from 3 percent to 5 percent.

In real numbers, if your gross income is $50,000 a year, your state income taxes will rise from $1,500 to $2,500 a year.

The hike increases the state’s personal income tax rate from 3 percent to 5 percent.

In real numbers, if your gross income is $50,000 a year, your state income taxes will rise from $1,500 to $2,500 a year.

Addictions are hard to break.  The Illinois legislature is addicted to that sweet, sweet, taxpayer money.  I wonder how many people will begin to be behind on their own bills when they loose nearly $100 a month, will have to sacrifice things for their children, and otherwise suffer the consequences of an irresponsible legislature.   In short order you can expect the unemployment rate to increase in Illinois as lower levels of disposable income means less money being pumped into local businesses.  Couple that with the nearly doubling of the corporate income rates and that may not be a problem when businesses uproot and move out of their state.  Given the state of the economy expect people to follow as well.  As a result of the disaster they have created they have severely punished the people of Illinois and due to the impending migration that will most certainly occur, they will also lose electoral votes.  Keep an eye over the next few years how much the representatives to the Federal Government try to earmark to their state.  They will have to get money from somewhere.

Ed Rendell STILL Trying to Raise Taxes

By Caomhin

Give Fast Eddie some credit, I suppose, when he is determined to do something, he won’t give up on it.  Of course, what he is determined to do is continue to harm Pennsylvanians by assaulting their bottom line while fattening up the commonwealth’s budget.  His new “budget” plan was announced today:

Under the plan, Rendell proposes reducing the state sales tax rate from 6 percent to 4 percent, but to extend it to 74 services and other transactions that are currently exempt, including professional laundry, candy, gum and personal hygiene products. His plan would keep intact some major exemptions, including those on groceries, clothing and prescription drugs.

He also is reviving tax increase proposals he has offered before, including extending the tobacco tax to cigars and smokeless tobacco and adding a new severance tax on natural gas extraction to capitalize on the exploration industry’s hot pursuit of the Marcellus Shale gas reserve.

Rendell really has it out for the natural gas industry and the ability of Pennsylvanians to heat their homes and live in comfort with lower energy bills.  His bitterness at keeping our homes at 65 degrees during winter is amazing.  However, for a full list of things he is looking to tax, have a look here.  Some highlights:

Caskets and Burial Vaults

Coal

Electrical, plumbing, heating and air conditioning service fees

Financial Institution Fees

Firewood

Flags

Funeral Parlors, Crematories, and Death Care Services

Residential Electric Service

Textbooks

Really consider that list for a moment.  Rendell wants to tax you simply for living and dying.  Think about it.  We here in Pennsylvania heat our homes with either natural gas, coal, oil, wood, or electric, all subject to new taxes under his sub moronic plan.  We all use electricity, so that’s a double whammy for many and a sucker punch in the gut for the rest.  Want to buy an American Flag to proudly display outside your home?  Rendell would like you to pay extra.  Have a bank?  Fast Eddie would like a cut.  Like to learn?  He wants to tax your textbooks.  When you pass away he also wants to put the clamps on your family for taking care of your final expenses for honoring you with dignity and being paid your final respects.  There is nothing this man will not try to profit from and it’s disgusting.

For other budget “highlights,” feel free to click here.  This train wreck of a plan must be stopped at all costs.  This is a governor who could care less about the people of Pennsylvania and his contempt for us is clear.  Facing a budget crisis that he created, his reckless, idiotic, and frivolous increases in spending and taxes, have handicapped the ability of Pennsylvanians’ to increase their standard of living.  So badly has he damaged this Commonwealth’s finances, that he is begging for money from the federal government, looking to tax nearly everything in existence, and has caused financial problems that will hound us for years.  His casino plans were a disaster, what should have been something to benefit Pennsylvanians has done little for us.  He doesn’t even have the common decency to keep spending flat facing a “fiscal tsunami” that he created by keeping spending flat and making difficult cuts because he is too much of a coward and incompetent to do so.  Come November, when I have the honor of voting in a Rendell-free election, knowing full well that no matter what happens, Fast Eddie will be leaving Harrisburg shortly, then I’ll breathe a bit easier.  Until then, I will not stand idly by as Rendell attempts to further damage our great Commonwealth.

Obama’s Change: Record Deficits

By Caomhin

In his State of the Union Obama talked about not rewarding failure.  Americans should keep these words in mind this November and in 2012.  Obama’s projected budgets cast deficits as far out as projections allow, and for the fiscal year of 2011 Obama is determined to set records:

Republicans on Monday slammed President Obama’s $3.8 trillion budget as a fiscally irresponsible spending spree, casting doubt on the administration’s claim that the budget reflects cutbacks and hard choices.

The fiscal year 2011 budget, sent to Congress Monday, includes new jobs-creation programs and additional funding for the wars in Iraq and Afghanistan, but is projected to add nearly $1.3 trillion in deficit spending on top of the current year’s projected $1.6 trillion deficit. As he unveiled the budget, Obama warned the federal government to stop treating taxpayer dollars like “Monopoly money.”

Obama has the nerve to utter that last line, failing to recognize his utter destruction he has perpetrated against this nation’s finances.  He is proposing a $1.6 TRILLION DEFICIT. This doesn’t even include his government run health care plan.  This is on top of the $1.56 Trillion dollar deficit he ran last year.  Remember, this is before he and his liberal allies ram even more programs and spending bills down our throats.  Assuming Congress does nothing else, at all, about anything, until next year, Obama will have increased the deficit by $3.16 Trillion in 2 years.  That number is sure to grow.  So for Obama to say that government should stop treating the taxpayer dollar like “Monopoly money,” when he is in fact, the one doing it, it is offensive to anyone who pays taxes and lives in this nation.  He is putting our nation into levels of unsustainable debt and we will all feel the repercussions of this.  The liberals need to go, for the good of our nation, for its survival, they must be voted out.

Another key fact to note from this article:

According to White House estimates, the budget’s deficit for fiscal year 2013 would drop to $700 billion before jumping back up to $1 trillion in 2020, the furthest out that budgeters will predict.

He has projected deficits as far out as they can even project.  Additionally, his budget proposes eliminating most of the Bush Tax cuts that actually spurred investment and economic activity, bringing tax relief to all Americans, and greatly helped American small businesses.  He is also assuming an unemployment rate of close to 10% if not higher for the next two years.  He proposes raising taxes during a depression and spending uncontrollably for as long as he is in office and he thinks somehow, this can fix things.  He is wrong, the liberals are wrong, and they must go.  We cannot continue to pay the price for our “leadership’s” failure.  They must be voted out.

Obama has shown no restraint and refuses to take responsibility for his actions, always pointing the finger at others.  His hubris is so deep that he cannot even recognize the harm he is doing to our nation from the ability of families to maintain purchasing power from a strong dollar to our reputation globally as he continues to undermine our economy.  No amount of rhetoric can mask the reality of the situation.  It is dire and demands immediate action.  Rather than remedy the situation Obama and the liberals choose to exacerbate it, to the detriment of all Americans.  It is unconscionable.  We deserve better and Obama and the liberals must be voted out.

WAKE UP NEW JERSEY!

By Riss

Warning, this may make you want to throw up, take pain killers, slit your wrists or all 3 in that order if you live in New Jersey.

This was sent to me by the Chris Christie Campaign.

THE REAL CORZINE BUDGET
What you didn’t hear at today’s budget signing…

CORZINE BUDGET BY THE NUMBERS…
· $10 billion deficit for FY2011
· $1.2 billion in new taxes and fees for New Jerseyans
· 1.2 million taxpayers won’t receive rebates in FY 2010
· According to Rutgers economist James Hughes, all are almost guaranteed to see an increase from 3 to 4 percent in their property taxes (David Matthau, “New State Budget Will Whack the Typical Jersey Family” – Millennium Radio, 06/25/09)
By the pockets of New Jersey taxpayers…
In FY2010, Governor Corzine’s budget will make the tax burden even heavier by making the taxpayers pay these new taxes and fines:
· $970 million for the elimination of tax rebates
· $903 million for income tax rate increases
· $400 million for tax increase on employers for unemployment program
· $270 million for corporate business tax increase
· $100 million for the elimination of property tax deduction
· $37 million for health insurance tax increases
· $30 million for cigarette tax increases
· $24 million for wine and liquor tax increases
· $20 million for DMV fees
· $8 million for taxing lottery winnings increase
By the future shortfalls…
In the FY2010 budget, Governor Corzine’s reliance on one-shot gimmicks will put New Jersey in even worse shape for FY2011. Take a look at the voids that we will have to fill in FY2011 because of Jon Corzine’s misguided priorities in FY2010.
· $2.5 billion in deferred pension payments from FY2010
· $2.2 billion in federal stimulus funds that will not be available in FY2011
· $1 billion to fill the gap left from expired “one-time” tax increases
· $600 million to fill the gap left from the one-time tax amnesty collection
· $500 million in deferred property tax rebates
· $450 million in deferred debt payments
· $300 million to balance raided trust funds and dedicated funds

This budget is a disgrace. NJ is relying on stimulus funds to get by in 2010, a crap load of tax increases (GASP) and we are left with a big old question mark for 2011. Completely unacceptable! I can’t even describe the anger I am feeling for Corzine’s mismanagement of NJ.  He has destroyed us.  He has to go…

Rendell, PA Democrats Looking to Raise Taxes

By Caomhin

Shocking, I know.  Once again, our oblivious Governor is seeking to put Pennsylvania further in the red by proposing an ever larger spending package and the Pennsylvania Democrats are not being shy about how they want to fund it.  They want to raise our personal income taxes.

Democrats, both at the state and national level, seemingly have no concept of what budgeting means.  Nor they understand the seriousness of the current economic situation, and how could they with the media currently covering Obama’s flank by painting the economic picture as somehow being  rosy, even as unemployment skyrockets to near 10%.  Recall a previous post about how Obama had set his bar so low, at that 10% number, that the media will paint his policies as success if unemployment does not exceed this shockingly high number as a success for him.  Recall, too, how when unemployment had grown to nearly 5% under President George W. Bush how terrible the media made this out to be.  It is unfathomable that the media would so obviously employ this double standard and bias.  Yet, here we are.

Back to the task at hand.  The economic health of the Commonwealth was very strong under Governor Ridge, only to have Ed Rendell pile-drive the state into economic hardship and budget difficulties.  Knowing what we know about the current state of the economy, Democrats now propose ever growing government spending programs to help “stimulate” the economy.  So what was the excuse of expanding government spending in every other year?  Democrats will always and forever want to grow the size of the government  and intrude on your everyday life.  They will never seek to downsize the government or cope with the realities of the real world.

Knowing full well that unemployment can and sadly, will continue to rise, the projections are being made with the unemployment rates holding steady, with no way of knowing how many more people may lose their jobs or what the income range of each person affected will be.  The only sure thing that can be counted on is that tax revenues will continue to fall no matter what the government does, and we can not and should not expect to take money from Federal taxes to pay for the incompetence and ignorance of Ed Rendell and Pennsylvania Democrats.  They have been an absolute train wreck on our state and we are paying the price for it.

Slashing the government budget and lower taxes will attract jobs and talented individuals to Pennsylvania.  How, do you ask, would this happen?  Simply, as other states, including Maryland and New York continue to raise taxes, people can and will move to jurisdictions with lower tax rates.  Maryland knows this well as their “millionaire” tax has resulted in lower revenues as those affected have simply moved out of the state, and we’re starting to see that in New York.  Businesses set up in areas where they are in an environment that allows for profits.

Defying all logic and  common sense, the Governor and state Democrats are committed to growing our deficits and imposing their will on those of us still fortunate enough to be employed.  For many years Pennsylvania has been a victim of a “brain drain,” as some call it, as we see those who graduate from the great educational institutions in Pennsylvania, leave the state immediately after graduation for bigger and better futures.  This doesn’t and should not be the case.  The government should not be an impediment to a better future and no individual in the Commonwealth is reassured or happy to hear about our government drawing up budgets it knows it can’t afford and then threatens our citizens thusly,:

“Practically speaking, some sort of increase in the personal income tax is the best way to solve this crisis,”

Yes, that is truly how the Democrats think.  Massive cuts or preparing a budget that meets the amount of money that is available cannot possibly fix anything, right?  So how did we get into this “crisis”?  By Democrats and Ed Rendell spending money that we don’t have on things we don’t need.  How do they propose to fix it?  By doing exactly the same thing, which just continues the downward spiral, and  we’re left to pick up the tab and clean up the mess that they have created.

Chrysler Closings Based on Partisan Decision and Other Harbingers of Things To Come

By Caomhin

Thus is/was the true role of the “car czar?”  If it’s true I’m not too shocked to honest with you.  I can’t wait to see what Obama’s “energy czar” and “internet czar” do.  On a related topic, the Obama administration and media should look up was “tsar” is and stop obsessing over archaic Russian royalty titles.

If indeed Chrysler decisions were based on partisan politics, which would wouldn’t surprise me one single bit, then the media needs to get off Obama’s lap and stop licking him in the face for a little while and start reporting this.  It is highly unlikely to happen of course.  Follow the link though to keep up with all the updates.  The administration using political power to crush dissent? Check.  Seizure of personal property?  Check.  But not to worry, it’s not like they will do the same thing with GM right?  There’s no need to worry about the much larger and much more expansive and nearly suicidal cap and trade scheme either.

So while we’re alluding to Eminent Domain you’ll be glad to know that Sonia Sotomayor is right up Obama’s alley on the issue.   She too has no respect for personal ownership rights.  However, no one must question or oppose her nomination, after all, we’ve been told be be careful, which of course, could be taken as some sort of threat in most parts of the world.  Feel free to dig around SCOTUSBLOG.com to find some more information about the nominee.  I’m sure you’re already aware that she has no idea what the difference between the legislative and judicial branches of government.

So in addition to all this talk about a Value Added Tax being added to all sales in this nation (as a supplement to and not replacement of income tax), the seizure of private property, the government takeover of financial institutions and not allowing companies to opt out of the arrangements, these decisions being based on partisan politics and campaign contributions, cap and trade suicidal energy policies, new government posts to oversee even more aspects of everyday life, massive deficits, and out of control spending…..within the administration’s first five months….we really have nothing to worry out.  Except for the nuclear tests and missiles that North Korea seem to be shooting off with much more frequency lately and Iran’s speed up to arm themselves with nuclear weapons.  Don’t worry though, when Obama’s on his next Time magazine cover, probably in a few weeks, things should be looking up.  After all, it’s not as if the last time North Korea test fired missile, he just paid it some lip service and that strongly worded letter from the UN had no effect.

Boehner Speaks the Truth about Obama’s Budget

By Caomhin

Great article from Rep. John Boehner, the House Minority Leader, explaining why Obama’s proposed budget is a disaster.  Rep. Boehner touches on a number of points ranging from the rapidly expanding national debt, tax issues, and fiscal responsibility.  It most definitely worth the read, and we should all learn the complexities and devastating effects of this latest piece of legislative demolition that will negatively affect all Americans.  As an added bonus, the precise attention of detail may pay great dividends as Obama is poised to use his permanent campaign to unleash his followers into neighborhoods across America to help “promote” his proposed budget.  Imagine their surprise when they find out just how many of us know the true impact and consequences of this budget.  Think they’ll be excited to hear the truth from us?