Archive for December, 2011

The Payroll Tax Cut Battle

Posted in Politics with tags , , , , , , , , on December 21, 2011 by authorcarloscardoso

The payroll tax cut battle in the press needs to be examined from many perspectives. The president by his endorsement of a Senate bill that extended the cut for only two months while saying it needed to be extended for the entire year laid the groundwork for his familiar theme of blaming the Republican led house of representatives when actually the bill they sent to the senate would have extended the cut for the entire year. The senate passed their version knowing it was not the answer and then went home. Senator Reid refuses to work with the house to resolve the impasse even though it did not match the bill sent to them and would require a conference to resolve the differences which would then be voted on in both chambers. The house leadership under Speaker Boehner stood ready to finish the work but Senator Reid played politics with the issue saying you must pass our version or else we won’t have this “necessary middle class tax cut”. This posturing by the Democratic leadership of both the senate and then the administration is nothing more than putting party above the good of the country and then blaming the Republicans for the failure.

Extending the payroll tax cut would save the average American family approximately one thousand dollars a year according to the mainstream media. This averages out to less than twenty dollars a week when one considers what that money was funding, social Security one can’t help but wonder if there isn’t a better way to stimulate the economy. Twenty dollars a week is quite frankly not going to make a difference in stimulating the economy but will continue to hurt the solvency of this important program. Weighing the benefits of this tax cut against the cost to a social security program that was already headed towards insolvency one can’t help but question the wisdom of extending the tax cut. Unfortunately this is nothing more than political theatre. Neither party wants to be perceived as being against a middle class tax cut so each party passed a bill to extend it. This tax cut should be allowed to expire and a better way found to help our economy grow.

The President and the Failure of the Super Committee

Posted in Politics with tags , , , , , , , , , , , on December 3, 2011 by authorcarloscardoso

The failure of the Super Committee to come to a deficit reduction deal goes back to the debt ceiling deal. The extension of the Bush tax cuts through 2012 agreed to because of the fragility of the economy certainly still holds true today. The economy is so bad Mr. Obama is running away from it by blaming it on the Republicans protecting the wealthiest 2% of Americans. Interesting how he along with former Speaker Nancy Pelosi quickly embraced the movement that espoused their position on raising taxes, the Occupy Wall Street Movement. Interestingly enough while they demonized the true grassroots movement, the Tea Party. specifically Congresswoman Pelosi had expressed concern about their rhetoric leading to violence. Neither backed away from the Occupy Wall Street movement which Americans watched on their network news turn to lawlessness and violence. The Republicans offered some tax increases trying to reach a compromise but the Democrats wanted a trillion dollars in tax increases out of $1.2 Trillion they were required to cut from the deficit. This poisoned the atmosphere while the Committee was working.

The truth is the failure in Washington can be traced directly to our President who has done nothing but waste trillions of dollars on ventures for those who financed his campaign, while blaming Republicans as he has been the campaigner in chief. The President has done more to polarize this nation than any other president in our history to setup the backdrop of his own re-election campaign. He will run against obstructionist Republicans who have passed over a dozen bills only to be blocked from reaching the Senate floor for a vote. President Obama and his big government Democratic allies are willing to allow innocent Americans to suffer so he can run away from his record. This is not only a failure of leadership but a deliberate effort to allow this President to escape all accountability for his myriad of failures. President Obama is fiddling while the country burns around him. This while he actively is creating an atmosphere of class warfare knowing that his policies are destroying the economy creating more people dependant on the government for aid in the hope that they will vote Democratic.