Be aware of the scare

Democrats abandon proper perspective over sequestration

  • Follow Editorials

Democrats have bizarrely been claiming that Washington doesn’t have a spending problem. The government just doesn’t have enough of our money, and rich people aren’t paying their “fair share.” That’s the problem, they say.

Well, the world should soon see how wrong they are.

A new analysis, notes cable network CNBC, says “average tax bills for high-income families rarely have been higher since the Congressional Budget Office began tracking the data in 1979. It’s middle- and low-income families who aren’t paying as much as they used to.”

So taxes on the rich are at a 30-year high – and some 47 percent of the population doesn’t pay federal income taxes at all.

Moreover, projections by the Congressional Budget Office predict federal revenues will be at record levels this year – $2.7 trillion – “the most money the government has ever taken in,” one news report summed up.

“According to historical tables compiled by the White House Office of Management and Budget,” the report says, “the government has never collected more than the $2.6 trillion it collected in 2007, meaning that if CBO’s projection is correct, it will set a new record for revenue collection in 2013.”

So, question: Will the president and Democrats in Congress acknowledge those things and surmise that we’re already taking enough money out of the economy – that the real problem is spending all of that and more? If we still have a deficit, even with record revenues especially from the well-off, won’t Democrats then have to acknowledge that it’s a spending problem?

Don’t hold your breath. They have staked the entire Democratic Party’s future on the supposed incessant need for more and more of our money. Even though they’ll get record amounts of it this year.

It will never be enough – particularly when Washington spending is so completely out of control.

How can they tell how much is enough anyway? The Democrat-led Senate has refused to pass a federal budget in four years.

Regardless, it appears the only way Washington can make a case for needing more of your money is to lie, exaggerate and fear monger.

The Obama administration predicted gloom and doom with the coming of last Friday’s “sequestration” budget cuts, but had to admit later that they’d exaggerated – although they seem to be trying to cause as much pain as possible with the cuts they’re choosing.

Consider, too, that most American workers had their payroll taxes go up 2.4 percent in January. That’s about the level of sequestration cuts – and we’re supposed to panic that the government has to cut the same amount (and over a longer period of time)?

In some cases administration officials simply appear to have lied about sequestration’s effects. The Washington Post – a largely liberal newspaper – slapped Education Secretary Arne Duncan with “four Pinocchios” – the paper’s highest dishonor for misinformation – for his claim that sequestration could leave 40,000 teachers without a job and that “pink slips” were already going out in one West Virginia county.

Neither was even close to being true. The Post couldn’t find any evidence of sequester-related layoffs – though there were some 100 unrelated transfer notices in the West Virginia county he mentioned. The biggest issue in the West Virginia school district, the Post learned, was actually teacher absenteeism.

“In fact,” writes the Post, “few in the county seemed to know what Duncan was talking about, including the education reporters who cover the school district for the Charleston, W.Va., newspapers.”

Duncan’s office now claims the 40,000 layoff figure was a “rough back-of-the-envelope calculation.” Great. The highest levels of your federal government are setting policy and making public pronouncements based on sketches on the backs of envelopes. Just wait till the new shipment of cocktail napkins comes in; then you’ll really get some good information!

Of course, Duncan and the other Cabinet members who tried to panic the citizenry are nothing compared to Democrat Rep. Maxine Waters of California, who predicted 170 million Americans would lose jobs due to sequestration. That’s a neat trick, since there are only around 140 million total jobs in the U.S. (she later backtracked).

Just be aware of the scare. With federal revenues at soon-to-be record levels, lying is the only way they can squeeze more money out of you.

Comments (71) Add comment
ADVISORY: Users are solely responsible for opinions they post here and for following agreed-upon rules of civility. Posts and comments do not reflect the views of this site. Posts and comments are automatically checked for inappropriate language, but readers might find some comments offensive or inaccurate. If you believe a comment violates our rules, click the "Flag as offensive" link below the comment.
Sean Moores
385
Points
Sean Moores 03/06/13 - 05:22 pm
3
0
@ Bodhisattva 3:43

By percentage of income. This is from the Huffington Post article.

"For 2013, families with incomes in the top 20 percent of the nation will pay an average of 27.2 percent of their income in federal taxes, according to projections by the Tax Policy Center, a research organization based in Washington. The top 1 percent of households, those with incomes averaging $1.4 million, will pay an average of 35.5 percent.

Those tax rates, which include income, payroll, corporate and estate taxes, are among the highest since 1979."

WalterBradfordCannon
1451
Points
WalterBradfordCannon 03/06/13 - 05:26 pm
1
1
Bodhisattva, the rich are

Bodhisattva, the rich are paying high rates this year. It is occurring because the Bush tax cuts were repealed. The following graph shows the "effective" tax rates on the 1% of households that earn the most (and others). Indeed, the richest have not paid more in recent history, as a percentage of income.

http://graphics8.nytimes.com/images/2009/04/08/business/economy/effectiv...

Also, Bill Gates absolutely made his fortune, but nonetheless he was born with a silver spoon in his mouth, son of a prominent lawyer, grandson of a national bank president. Buffett was the son of a US congressman, also not a great example of someone who made a lot of himself coming from nothing. He, too, of course, made all his wealth. But he did not have to worry about whether there would be food on the table when he came home from school. If you want a good example of that, look at the US President.

myfather15
55706
Points
myfather15 03/06/13 - 05:27 pm
3
0
@Carcraft

You're correct, not everyone has had their way paved for them. In my experience of meeting those folks who worked hard for it, they are usually the most humble people you can meet. Why? Because THEY actually had to work hard for it. They had to put in the sweat and tears of failure, before success. Again, they are usually very humble and charitable. Then go talk to their children and grandchildren, who were SUPPLIED their wealth. They are usually arrogant, self absorbed, and not very charitable. Yes, I believe in hard work. I believe it is good for the soul. But how much wealth is enough? How much should people leave to their children? Enough so their children never have to work? Enough so they NEVER have to struggle? Again, the Bible actually says woe unto those who have so much they need to build bigger barns to store their goods. Today that would be bigger banks to store their money.

I've got a good friend of mine who was a deputy for many years. His grandmother died and left him $500,000.00. His grandfather owned a store many years ago and made the family wealthy, but the store had shut down 20 years ago. This guy didn't have wealth, until his grandmother died and left him the money. He did NOTHING but work as a deputy until then. About a year after his got that money, he quit the Sheriff's Office and started flipping houses, then got into other business ventures. He has turned that $500,000.00 into over 2.5 million now, in less than 5 years, and GOOD FOR HIM.

My point is; it wasn't so easy for him before he got a lot of money to do it with. He didn't have any sort of business before inheriting a large sum of money. I've talked to him many times, even did some work for him. His exact words to me was "Man, I never realized how easy it is to make money, when you have money." This is VERY TRUE.

Now, again; I'm NOT, NOT, NOT a fan of government and THEM redistributing wealth through taxation. What I believe is WE as a society, shouldn't be so greedy and we should HELP friends and neighbors. For an example; in 1937 my granfather purchased a small piece of land. He then built a house on that land and EVERY neighbor came together and built that house for him. Not just family members, but neighbors came together to HELP. My mother has told me that story many times.

If we did this today, would we have prevented the housing bubble in 2008? Today, we buy a 1500 square ft home and pay 130k or more for it, on a 1/2 acre lot, when it probably costs 50k in material. What if people would purchase the land, buy the materials and neighbors and friends would HELP BUILD IT? How much money could that save EVERYONE who wanted to purchase a house?

But in TODAYS REAL WORLD, people are so unattached to each other, we don't even know the names of our neighbors. Good luck trying to get anyone to help you build a house. People are just so busy and absorb by their own lives, they don't have time to truly help each other. But before life got so busy, people used to were NOT like this. People actually entertained themselves with other people through friendship. Today it's TV, computers and I-phones, I-pads or any other latest gadget. People don't have time for people anymore. But the truth is; the answers to societies problems are closer than anyone thinks. It's US!! We could make a difference if we HELPED one another, not just in great times of need, but everyday!! If We The People helped one another, massive government would NEVER be needed, not even "entitlements".

myfather15
55706
Points
myfather15 03/06/13 - 05:43 pm
3
0
But unfortunately, we've got

But unfortunately, we've got to many people in this world today that are obsessed with making as much profit as humanly possible. Those who are already millionaires, buy land, clearing it and building subdivisions; selling the houses at ungodly profits. Why? Because it's capitalism and THEY CAN. Nevermind, that instead of making a 40k-60k profit off each house, they could sell it at a 10k profit; after all their expenses. How many have they sold at the 40k-60k profit range?

Nope, lets not try to help others, while making a respectable profit, lets screw others, while making a massive profit. After all, it's the buyers fault they are stupid enough to pay the ridiculous price, right? Because of course, the seller has to keep their expensive lifestyle up, after all; it's capitalism, right? His wife might want to trade in that 2012 Mercedez for a 2013, right?

Capitalism has it's MANY faults, but it's the greedy INDIVIDUALS that ruin capitalism. It is the best system in the world, no doubt. Anyone on heres knows that I'm no fan of government control of anything. They couldn't run a daycare respectably. But I'm truly sick of greedy individual human beings as well. Again, my faith is in Christ and he shall balance the equation, because no one else is capable of doing so.

carcraft
25895
Points
carcraft 03/06/13 - 08:20 pm
2
0
Bodhisattva Singapore, and

Bodhisattva Singapore, and England, arr hardly third world. Central America has some very nice areas with a much slower pace of lite!

WalterBradfordCannon
1451
Points
WalterBradfordCannon 03/06/13 - 08:26 pm
0
5
MyFather15, capitalism, in

MyFather15, capitalism, in its purest sense, is far worse than communism, in its purest sense. A world with most humans enslaved or one with no incentives to produce? Touch choice. It is already clear to all that a middle road is the best road, and every productive nation on earth is on that middle road. The real questions are how much MORE should people who earn more be taxed? If they are taxed evenly with the working man, they will ultimately enslave all but the very few. If the middle class has a fair shake, they will produce far more, and the rising tide will lift all men. Inflation adjusted median household income rose 20% from 1965 to today, but has fallen each year since 2006, and is 10% lower today than it was in 1998. The average US household is not getting better - it is getting worse since George W. Bush took office. In contrast, the top 5% earners make 55% more today than they did in 1965 - in inflation adjusted dollars, and have basically been steadily increasing each year. It's good to be the king.

harley_52
23394
Points
harley_52 03/06/13 - 08:28 pm
4
0
Myfather15....

Who decides what is a reasonable profit, as opposed to a "massive," or "ungodly" profit?

When these folks put their fortune on the line to build subdivisions, what happens if they can't sell the homes at all? If they've borrowed large sums of money to buy the land, make the improvements, and build the homes, what happens if they end up taking massive, or ungodly losses?

Humble Angela
41338
Points
Humble Angela 03/06/13 - 08:31 pm
3
0
WalterBradfordCannon, where
Unpublished

WalterBradfordCannon, where do you get this notion that if we don't tax the wealthy enough they will enslave everyone? Taxes are for one purpose and one purpose only.....to finance the government. The "progressives" have twisted it into a method of social engineering, or some sort of restraint to keep people from earning what THEY have determined as an obscene amount.

harley_52
23394
Points
harley_52 03/06/13 - 08:32 pm
4
0
"....capitalism, in its purest sense, is far worse than....

....communism, in its purest sense."

For whom?

Humble Angela
41338
Points
Humble Angela 03/06/13 - 08:34 pm
2
0
And YES Burn....Medicare IS a
Unpublished

And YES Burn....Medicare IS a program that Obama SAID he would cut. He didn't say what part of medicare he would cut, nor has he made any move to do so.....just like closing GITMO or cutting the deficit.

carcraft
25895
Points
carcraft 03/06/13 - 09:12 pm
3
0
Walterbradfordcannon, Russia

Walterbradfordcannon, Russia had communism and Stalin killed over 20 million people enslaved millions more. The. Robber Barons of America never came even close to inflicting that much human misery! Moa in China killed how many? 50 million? 100 million? How many more placed in slavery of the worst sort. Gee lets go yo pure communism so it can degenerate into totalitarianism! The US had pure capitalism and evolved into what we have now.

carcraft
25895
Points
carcraft 03/06/13 - 09:20 pm
1
0
Humble Angela, you are

Humble Angela, you are correct! It is interesting there have been mo comments about Obama's lies! You can trust absolutely nothing Obama or his minions tell your! He lied when he debated Romney, he lied about Bengahzi, how can you trust anything out of his mouth?

myfather15
55706
Points
myfather15 03/06/13 - 09:44 pm
2
0
@walter

The only communist system I have the slightest interest in, has God as the dictator. Other than that, I've no interest in a disgusting communist system being ran by MEN. It will NEVER work and has given us Hitler, Mao, Stalin, Lenon, Mousilini, etc.

But get this, a "Communist system" with God as the dictator, isn't a communist system at all. Why? Because HE is the creator of the greatest gift of all time; FREE WILL. He gave us FREE WILL and dang if any MAN should attempt to contrain it.

myfather15
55706
Points
myfather15 03/06/13 - 09:46 pm
1
0
@Harley

"Who decides what is a reasonable profit, as opposed to a "massive," or "ungodly" profit?"

GOD!!

myfather15
55706
Points
myfather15 03/06/13 - 09:53 pm
0
0
If a person has made their

If a person has made their money honestly, I'm sure they don't have anything to worry about. But if they've got it through screwing other people, I wouldn't want to be in their shoes.

Yes Harley, If there could be a completely fair cap on an individuals worth, I wouldn't disagree with it. Maybe 50 million or so.

But, who would enforce it? This is where It goes south for me. I don't trust the federal or ANY government to pick their own nose, not to mention giving them trillions more dollars to wastefully spend. They would find ways where their families didn't have to abide; therefore their cousins, brothers, sisters, brother-in-laws would be the richest people in the world.

Bottom line is; I don't think ANY man made system is perfect, nor can ANY man created system FIX this. We need a Savior and He is coming, enough said.

Willow Bailey
20580
Points
Willow Bailey 03/06/13 - 10:00 pm
1
0
Better stick to what you know!

@myfather..." Those who are already millionaires, buy land, clearing it and building subdivisions; selling the houses at ungodly profits."
Though I usually agree with much of what you say, I'm going to respectfully take great offense at that statement.

Have you checked out land cost, development costs, cost of amenities, worker's compensation insurance, general liability insurance, cost of materials, administration cost, cost of labor, marketing costs, legal fees, realtor fees, closing costs, seller contributions, construction fees and construction interest, negotiation cost and not to mention the cost of carrying the inventory through slow times?

Anyone who thinks new homes are being sold at ungodly profits, I highly recommend that you try it for yourself, as many have found it to be a very humbling experience.

I can promise you, that anyone who has done well in this business, has earned every penny and it has not been done over night.

Willow Bailey
20580
Points
Willow Bailey 03/06/13 - 10:13 pm
2
0
And futhermore, it's none of

And futhermore, it's none of anyone's business how much another person works and earns.

harley_52
23394
Points
harley_52 03/06/13 - 10:42 pm
2
0
"GOD!!"

Oddly enough, I haven't heard him complaining.

Have you?

I think he believes that people who possess the initiative and tenacity to learn the business, to work their fingers to the bone, and have the guts to risk their personal fortunes in real estate development deserve to make whatever profit (or loss) the free market might present.

As long as God's commandments and mans' laws are obeyed, I have only respect and admiration for those who are successful in the business.

myfather15
55706
Points
myfather15 03/07/13 - 08:23 pm
0
0
Again, completely ignoring

Again, completely ignoring the lesson in Luke Chapter 12. Nothing is wrong with profit, as long as it's not ill gotten gains AND as long as you aren't screwing other people for that profit. Might want to actually READ Luke Chapter 12 in the original King James Version; or just ignore it and continue to pick and choose which verses DO and DON'T apply to you and those "in business". After all, it's the free market right? What could possibly be wrong with it? This is the kind of capitalist JUNK that people are getting tired of; "It doesn't matter how many people get screwed, as long as the FREE MARKET allows me to make billions upon billions."

Back to Top

Top headlines

Many black colleges struggling

Although Paine has struggled with its own failures over the past several years, HBCUs across the nation are dealing with some of the same troubles that are threatening their missions and existence.
Search Augusta jobs