Wednesday, August 5, 2009

Tax Collections Tell the Truth

This economy isn't expanding!!!

And yet there is article after article and flak after flak pumping it to you, America.


"Talk on taxes creates doubts on Obama vow; White House strongly denies hints of hikes" by Globe Staff And Associated Press | August 4, 2009

WASHINGTON - .... The recession is starving the federal government of tax revenue - just as the president and Congress are planning a major expansion of healthcare and administration officials are contemplating how to ask Congress to again extend unemployment benefits.

Oh, the POOR, POOR FEDERAL GOVERNMENT!!!

Now you know WHY you are getting a HEALTH PLAN!

Tax receipts are on pace to drop 18 percent this year, the biggest single-year decline since the Great Depression. Individual income tax receipts are down 22 percent from a year ago. Corporate income taxes are down 57 percent. Social Security tax receipts could drop for only the second time since 1940, and Medicare taxes are on pace to drop for only the third time ever....

Then END the WARS and GET the $24 TRILLION back from the BANKS!

And the FACT IS, TAXES are TOO HIGH ALREADY!!!

As a former lefty, I never wanted to believe it; however, it is TRUE!!! Of course, the WEALTHY BENEFIT from TAX BREAKS and GOVERNMENT WELFARE so it's a DP for you, public!!

While much of Washington is focused on how to pay for new programs such as overhauling healthcare - at a cost of $1 trillion over the next decade - existing programs are feeling the pinch, too.

But NOT WAR LOOTERS and BANKS!!!

Social Security is in danger of running out of money earlier than the government projected just a few month ago. Highway, mass transit, and airport projects are at risk because fuel and industry taxes are declining. The federal deficit is expected to top $1.8 trillion in the fiscal year that ends Sept. 30, adding to the national debt that already exceeds $11 trillion.

Translation: the EMPIRE is BANKRUPT (Israel's economy not hurting) and NEEDS MORE of YOUR MONEY, America!

HOW MUCH LONGER are you going to stand for this looting?

The future of current programs - not to mention the new ones Obama is proposing - will depend largely on how fast the economy recovers from the recession, said William Gale, co-director of the Tax Policy Center.

You mean IF!

On Friday, the Commerce Department reported that the economy shrank only slightly in the second quarter of this year - better than expected....

Commerce also a notorious liar -- as is the paper.

“If it’s just one year, then it’s a remarkable thing, but it’s totally manageable. If the economy doesn’t recover soon, it doesn’t matter what your social, economic, and political agenda is. There’s not going to be any revenue to pay for it.’’

--more--"

Then TANK, economy!

Kill the beast that is the war-making federl government!