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Technorati is indexing me again! They had to make a code change to fix the problem with my blog getting stuck in their queue. Kudos to Eric M. and the guys at GetSatisfaction.com where they have "community powered support for Technorati".
Well, they're "sorta, kinda" indexing me anyway. It's on a 24 hour tape delay or something. So I never get picked up by Memeorandum because they pull from Technorati and Technorati has stuff I posted yesterday listed as my latest blog entry. And that's old news to Memeorandum.
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Harry Reid's do-nothing Senate and John Boehner's ineffective leadership skills accomplished exactly nothing this week, unless you count kicking the fiscal can down the road as an "accomplishment."
[O]n Tuesday, House and Senate leaders opted to put the whole government back on a stop-gap continuing resolution until next spring.
With the blessing of President Barack Obama, the preelection deal calls for a six-month resolution to be approved in September, avoiding any threat of a government shutdown and respecting the $1.047 trillion top line set for spending in the debt accord reached in August 2011.
That means we'll go four years without the Senate enacting a budget. I think that's some kind of world record.
Mark your calendars: Jan. 1, 2013, could be one of the biggest tax disaster days in recent memory.
That's the day when current tax rates are slated to expire. That's also when the employee payroll tax rate, now 4.2 percent, is scheduled to go back up to 6.2 percent. More estates will face higher taxes in 2013. And don't forget about the 70-plus temporary tax breaks known as extenders that haven't yet been renewed for 2012 or 2013.
Tax rates will rise for all, not just the top tier of taxpayers. The 10 percent rate will disappear, meaning that everyone will see at least some of their income taxed at 15 percent.
Income ranges for the tax rate brackets also will change, meaning the marriage tax will return for more couples.
Because raising taxes in a recession is good public policy! I guess we can think of it as Barry's parting gift to the American people.
And no, you're not gonna convince me this is somehow solely the Republicans' fault because they won't "compromise." Democrats who keep beating the class warfare drums aren't helping the situation. Hiking taxes, any taxes, is not acceptable.
And if the GOP holds Congress in January it's a message they'd better be hearing loud and clear. Smitty calls it their "come-to-Beavis moment".
If there is any GOP control, it shall have been a result of the Tea Parties. And if I have any feel at all for the pulse of the Tea Parties through blogging, &c, the Tea Parties are going to slice like a hammer on the GOP if the Ruling Class, beltway shenanigans continue. All the weight of the derision currently poured on #OccupyResoluteDesk and the rest in the blogs, on Twitter, at protests, and so forth is going to get trained on the GOP if there is not a total come-to-Beavis moment for the GOP. The GOP shall have played a populist fiddle to be returned to power. Said fiddle shall make a most 'unexpected' suppository if the people don't see, as a going-in position:
Significant federal government agency amputations, and corresponding budget cuts. Two words: enumerated powers.
A tax code that doesn't make the complexity of the theory behind the Higgs Boson look like a haiku by comparison.
An admission that the entitlements really are only exceeded in sheer fantasy by the Global Warming crap, but not by much. Dust off the Bush reform plan for Social Security, and make it happen.
An amnesty plan for the Federal Reserve staff, followed by a thorough air-clearing. Let the thieves retain their lives, in exchange for the truth about what a wretched failure the Federal Reserve is. Then some sane reform.
In general, an honest, sober take on government.
It took a century to dig this hole, and there is no reasonable way out within a Congress; a Presidential term; a decade. But you guys are on notice that if we're not at least on a different course, pronto, you're toast.
Taxmageddon's now inevitable onslaught was completely avoidable, if only we had
grownups in Washington instead of an irresponsible clown show headlined by a
feckless empty suit. November is fast approaching. Choose wisely America. It
may be our last chance to get it right.
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