Obama Will Give Me An “A” For This One(Edited)

Posted on 03/04/2009 by Grumpa Joe
My Flag Flies Everyday

My Flag Flies Everyday

One of my good friends called me on this one. She pointed me toward Snopes. It turns out that Nancy Pelosi never proposed taxing 401K plans.  To see her entire proposal check it out on Snopes. In the meantime I’ve editied my post below to correct my mistake.

http://www.snopes.com/politics/pelosi/windfall.asp

 

WOW! Taxes on the rich, the middle class, and the poor. Stimulus money galore, bonuses for the fat cats, Deficits going out of control, what else?  Nancy Pelosi recently said the following “…windfall profits and income created by the Bush  administration need to be taxed at 100% rate and those dollars redistributed to the poor and working class.”

Well my 401K is a part of this category of investments. If they are to be taxed 100% why have a 401K at all?

They were  set up so “we the people” could have a way to raise money for our own retirement. We needed the 401K because Social Security is not going to be here much longer. Worse yet, try living on SSA alone. You will have to learn to like cat food . Don’t be in such a hurry Nancy, we’ll pay taxes on the money, after we begin to use it. She wants to tax it as we go along. Like I said, why even bother to have a private pension fund?

The one thing I haven’t heard anything about is taxing campaign funds. Why not? The weasels are getting millions to spend. They use the money for all kinds of personal purposes other than running a campaign. Why did Blagojevich work so vigorously to build his fund?  If we have to pay, why not them too?  This is another case of our politicians forgetting who they work for.  Once they get a taste of money from outside interests they set themselves apart from the rest of us. They begin to think of themselves as demigods.
I think a Senator or Congressman should be taxed ninety percent on his salary, and campaign fund. In fact, I think that is being too liberal. They should work for one dollar per year, and be required to use campaign funds to pay off the deficit. They create the debt, let them pay for it.

Yep! Tax the campaign funds; it’s the best idea I’ve had today. .

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“$1,000,000,000,000.00 Like It’s Chump Change”

Posted on 20/03/2009 by Grumpa Joe
My Flag Flies Everyday

My Flag Flies Everyday

We hear an awful lot of commentary these days about the stimulus bill, the budget, the Porkulus Bill, on and on. Each time we hear the amount of money being spent, politicians and commentators alike bandy about the phrase “a trillion dollars,” like it is pocket change. The number, one trillion, continues to fascinate me. Probably, because  in my mind that number is so large, and unreal I cannot mentally process the information.  

It has taken me fifty five years to accumulate a nest egg large enough to feel comfortable with. In spite of the nest egg, I still have to rely on Social Security to make ends meet.  The egg became scrambled in three short months, and my fifty five years of hard work went down the drain. I must now consider returning to the working population.

My dilemma is this; I spent fifty five years working in a number oriented business, if I can’t process the number, one trillion, how in the world can a bunch of lawyers elected to congress do it? They can’t. They have no clue as to what is happening to their constituents. If they did, they would have done the right thing, and voted the  trillion dollar packages into the toilet where they belong. They would also impeach the president and his cabinet as being incompetent.

As an excercise to get an understanding of what a trillion dollars is, I made a spread sheet to calculate how long it will take to pay off a trillion dollar debt. The numbers are too large to show the entire spreadsheet on this page.

      years to pay off debt
           
debt in trillions   1 2 3 4
payback rate          
1 Million per day   2,740 5,479 8,219 10,959
1 Million per hour   114 228 342 457
100 Million per day   27 55 82 110
1 Billion per day   3 5 8 11
1 Billion per hour   0 0 0 0

My three year old  grandchild will be thirty years old if we pay back one trillion dollars of deficit at a rate of one billion dollars per day, and not spend another dime along the way. We don’t have one trillion dollars of deficit, we have ten,  and it continues to grow exponentially. Only the fat cats in congress will survive.  

 Send the tea bag, vote them out of office, do what it takes to get the lazy bastards out of office. Elect some people who are real citizens, and  who care about the country, and its people. If we don’t take radical action now to stop  “Change We Can Believe In,” only the fats cats will survive. The rest of us will spend the rest of our lives waiting in lines to get a roll of toilet paper.

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Dear Representative Halvorson:

Posted on 20/02/2009 by Grumpa Joe
This is my response to a letter received from State of Illinois Representative Deborah Halvorson.(Her letter is included below in it’s entirety.)
Dear Representative Halvorson.
The so called stimulus bill is nothing more than a gift to Obama to implement his campaign promises. It will not stimulate the economy. You are wrong in your decision. Time will tell. I don’t believe you or the Senate is responsible enough to spend the money wisely. You will spend the money to stay in office.
Here are my recommendations to you and your group:
1. Take a salary cut of 50% as a show of leadership and example.
2. Pass legislation to limit congressional and senate service to two terms maximum.
3. Pass legislation to make it mandatory to have one Democratic and one Republican Senator from each state.
4. Pass legislation to split the House of Representative to  fifty fifty between Republicans and Democrats. In states where there is an odd number of congressmen, give the odd man to the party of the majority.
5. Pass an ethics bill that is effective, and will fire Congressmen and  Senators who are found to violate any provision of the bill..
6. Reduce the size of all governrnent departments by 20%. The private sector is cutting jobs like crazy, but the government never cuts. This is totally unfair.
7. Instead of spending money, try paying off the deficit. Bill Clinton did that and according to him the economy flourished.
8. Cut out using the government aircraft for travel. Use only commercial carriers; the President included.
9. Balance the federal budget. When tax income does not cover expenses, cut spending to balance what we have.
10. Pass legislation to eliminate spending  federal money on abortion and contraception.
11. Do not pass any legislation unless there is a provision in it to find money to pay for it
You see Representative Halvorson, I don’t buy anything you stand for.
Please resign to minimize further embarrassment to the citizens of Illinois. 
Respectfully,
Grumpa Joe
*****************************************************************************************************************************************

Thank you for contacting me regarding your opposition to the economic recovery legislation recently passed by Congress. I appreciate hearing from you on this important matter. I understand many of your concerns regarding this legislation. Even supporters of the economic recovery plan acknowledge that it is not perfect, however, legislation resulting from compromise and negotiation rarely is. Like you, I am worried by the high price tag of the plan, but there are safeguards in the bill to ensure that the money will be spent wisely. The plan contains no earmarks and taxpayers will be able to track expenditures on a public website.

 

We are in the midst of the most severe economic crisis in decades. In some communities in our district, the unemployment rate has already reached double digits. I have heard from many constituents who are struggling to pay their bills and to feed their families. We need urgent action to start addressing the crisis. Economists across the ideological spectrum estimate that the American Recovery and Reinvestment Act will create or save over 3 million jobs. This goal will be reached by investing in our country’s urgent infrastructure and energy needs. Throughout the 11th Congressional District, there are aging schools that need renovation, crumbling roads and bridges that need repair and rural communities that lack access to modern high speed internet. By investing in infrastructure projects that will address these needs we will create new jobs in Illinois and throughout the country.

 

The economic recovery plan also includes one of the largest tax cuts in American history. By providing significant tax relief that will put money in the pockets of 95% of working Americans, the plan will once again start growing our economy. The road to economic recovery will not be easy. History has shown us that big problems often require big solutions. The recovery plan is expensive, but this is the price we will have to pay to turn our economy around.

 

Again, thank you for contacting me. I always appreciate receiving feedback from my constituents. Please feel free to contact me again in the future regarding any matter of concern to you. Also, please visit my website, http://www.house.gov/halvorson, for regular updates on what is happening in Congress.

 

 

Sincerely,

Z

Debbie Halvorson

MEMBER OF CONGRESS

My Flag Flies Everyday

My Flag Flies Everyday

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