Framing the Dialogue

Posts Tagged ‘revenue’

Spreading Your Retirement

This is not an article about retirement planning.  I had been smarter I would have 20 pounds of gold buried somewhere rather than my investments in the stock market, retirement plan, and IRAs.  I have heard speculation since Obama was in office about a move to “take” over our individual retirement accounts.  By all accounts there are trillions of dollars out there in which the federal government has no control over.  Both Demoncrats and RINOs will salivate at the thought of having that much money to spend to ensure their re-election.  They’re not likely to just take it, but will offer you the ability to convert your accounts to government guaranteed annuities.  Think of Social Security again…many promises and IOUs and your beholding to the government for your daily bread.  Any guess who you will vote for?

Parsimony – Taxing Effort

I find it very interesting that a good number of these posts use an Associated Press story as the baseline for my commentary. I don’t seek out AP stories, but it often seems like their reporting often shows the bias of the mainstream media.

First the headline (with a link to the original story)…

GOP moves toward slashing, nixing states’ income tax

…Now the story

OKLAHOMA CITY — A year after Republicans swept into office across the country, many have trained their sights on what has long been a fiscal conservative’s dream: the steep reduction or elimination of state income taxes. [So far so good]

Wimpy Washington Economics

“Top Democrats and Republicans in Congress prepared new proposals to avert a government debt default and a potential global financial crisis.”

That’s the lead paragraph from a story in today’s paper.  What should scare you is when Democrats and Republicans agree on something the public generally gets screwed.  I believe that both sides realized that they set up this “battle” and now that the public is watching they are not sure how to get out from all of the rhetoric that they have been spreading.  What both sides agree on is that they both want desperately to get re-elected and regain power.  Even a little power is better than none and they are more than willing to squander our money, our children’s money, and our grandchildrens’ money to maintain their power.  Here are few facts as I see them: