LAR: Your Taxes Are Going Up on New Year'sInbox x
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Dec. 22, 2011
Your Taxes Are Going Up on New Year's Where in the world is Harry Reid?
Big government takes the mantle.
New Deputy Commerce Secretary: What the Blank? Rebecca Blank: "with the complexity of the problems that the government faces, we should be pleased that the government gets it right as often as it does."
McMorris Rodgers: Destined to Fail? "For the past year and a half, with the full support of the Obama Administration, the International Monetary Fund (IMF) has been using U.S. tax money to bail out European governments and pay for their failed Socialist policies." Your Taxes Are Going Up on New Year's
It's very clear now that the current payroll tax holiday is going to expire come New Year's Day, and taxes of 140.5 million Americans who work for a living are going to increase. The only question outstanding is who to blame.
For that, one need look no further than the U.S. Senate, which dropped a mere two-month extension on the House at the last minute and skipped town, daring Republicans to defeat it. Mind you, the House is under no more obligation to pass the Senate's version of the legislation than the Senate is to pass the House's version.
Having already passed its version of the payroll tax holiday and unemployment benefits extension at a cost of $180 billion, instead the House voted to convene a conference committee — effectively calling the Senate's bluff.
"This stalemate is the fault of Reid, the liberal Democrats and Obama for refusing to deal honestly with the House-passed measure to resolve the problem," said Americans for Limited Government President Bill Wilson, who supported House Republicans' call for a conference committee to hash out differences between the House and Senate bills.
"Whether one agrees with extending the payroll tax cut and unemployment benefits or not, the clear constitutional procedure when there are differences between House and Senate legislation is to convene a conference committee," Wilson explained.
He said Senate Majority Leader Harry Reid had "no excuse for keeping the American people in the dark about what their effective taxes are going to be once the New Year begins."
Get full story here. There is a Santa
Get permalink here. New Deputy Commerce Secretary: What the Blank?
By Rebecca DiFede
On Nov. 1, 2011 our illustrious President Obama appointed Rebecca Blank as the Deputy Commerce Secretary. But after hearing her responses to questions in countless interviews, it raises some questions about whether or not she is competent to run a vegetable stand, much less run the Department of Commerce of the United States.
When confronted with the criticism that the government seems to fail massively when it comes to accomplishing all of its promised goals, Blank replies that "with the complexity of the problems that the government faces, we should be pleased that the government gets it right as often as it does."
I'm sorry, what? Using that reasoning, since brain surgery is so difficult we should be glad that the doctor at least keeps the patient alive some of the time.
In another burst of truly inexplicable faith in the system, Blank said that she thinks the government is more rational and nondiscriminatory than the private sector. She said that, "Another argument for government involvement is that it can often provide services more fairly than the private sector. The more you argue for equal provisions, the more you realize that the government can do that best."
She cited examples such as nursing homes aids who have more time to talk to patients in government-run facilities than private ones because, unlike them, the big beautiful government is in charge and bringing with it all of the love, support, hope and change in the world.
Get full story here.
Destined to Fail?
By Rep. Cathy McMorris Rodgers
This story was originally published as the coverstory in the December 19th, 2011 issue of HUMAN EVENTS newspaper.
If there's a single issue you need to know more about — because of its major impact on the future of our economy and our sovereignty — it's America's involvement in the $1.3 trillion European bailout fund. For the past year and a half, with the full support of the Obama Administration, the International Monetary Fund (IMF) has been using U.S. tax money to bail out European governments and pay for their failed Socialist policies. That is wrong, and, together, we can stop it.
When thinking about "Bailout Universe," I am reminded of a quote from one of my heroes, Margaret Thatcher. She once said,"The problem with socialism is that eventually you run out of other people's money." That is true. In America, Europe and throughout the world, the bill for decades of Socialist policies — tens of trillions of dollars in government spending and borrowing — is coming due, and, instead of dealing with the crisis by shrinking the size of the welfare state and liberating the free-market economy, most politicians are burying their heads in the sands, desperately seeking new dealers to feed their spending and borrowing addiction. In recent years, one of the biggest dealers has been the IMF, a government-funded global lending agency, that is sitting on a trillion-dollar pot of money — to which, U.S. taxpayers, you are the largest contributor. The United States contributes $68 billion annually to the IMF general fund and has made an additional $100 billion available to the IMF as a last-ditch line of credit. That credit was spawned by the Obama Administration and approved by a Democratic Congress, over the objection of nearly all House Republicans, in 2009. Almost immediately after the line of credit was authorized, Europe started feeling the pinch of the global debt crisis, and a trio of nations — Greece, Ireland then Portugal — applied to the IMF and the European Union for bailouts, receiving a total of $561 billion. Then, in October of this year, as larger European countries — specifically, Spain and Italy — groaned under ever-larger debt burdens, the EU and IMF approved a $1.3 trillion European bailout fund, of which the IMF is contributing one-third of the funding. With the U.S. providing about 20% of the IMF's budget, that puts American taxpayers on the hook for about $100 billion (twice the size of the GM bailout) and perhaps billions more.
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