5 trillion out of the mouths of the poor

[sjslhill]

CNNMoney.com (yes, CNN, not FOX)

Uncle Sam will shell out more than $5 trillion in interest payments over the next decade, according to the latest projections from the Congressional Budget Office.

Over the decade, more than 14% of all revenue the government is projected to collect will be sucked up by interest payments.

That's a lot of money that can't be used on the country's other priorities.


Indeed, between 2013 and 2022, estimated interest costs will be:


higher than Medicaid spending;


equal to half of Social Security spending;


close to what is spent on all of defense.


And here's the thing -- the estimated interest costs assume a fairly steady and moderate increase in rates over the decade.

[m4a1usr]

Your post highlights the idiocy of how our elected officials somehow decided it was in the best interest to "give" a little to us today, at the cost of paying much more tomorrow. Oh yes. Those on Capital hill who voted to extend the Payroll Tax Cut to us lowly commoners, thats where you the wage earner doesnt contribute your full SS tax amount (3.2% Vs the normal 6.4%) and as well your employer (he's off the hook for another 3.2%) added another $100 billion to the deficit. And passed that cost along with the catchup amount it will cost to add those future dollar amounts to the SSA coffers. Yeah. They did us a big favor. Passing along debt like its the only way to get something done today. This a sin towards every person counting on some dollar amount comming out of their contributions. I bet we will see even more changes than the dire predictions being made about SS after 2032. I dont want to even get started on this topic. I have grandkids that are going to be left out or obligated to pay so much and yet get very minimal return. Oh yeah, lets keep the printing presses on 24/7. Who honestly cares right?

http://thehill.com/blogs/on-the-mone...oyment-doc-fix

And of cousre the cursory:

http://www.huppi.com/kangaroo/L-taxcollections.htm

John

[domwilson]

If you think about this at its core. Your uncle (Sam) wrecklessly goes out spends money on things without asking or telling me, runs up all kinds of debt., then comes to me and tells me that i have to pay it off. I just want to know what drugs did I take to make that seem fair? Oh and there's more. Don't get me started on the war efforts, Giving companies incentives to ship labor off shore. High tax rates. High fuel costs and the constant infringing and meddling to insure that I work for the common good of the few. How much LSD did I take to make all that sound like great ideas?

[sjslhill]

Let's just face it people, without total change and soon, and not just Obama, we are in serious shape here. We can't control the entire world, we can't help the entire world, we are BROKE!!!!!!!!!!

[domwilson]

Your post highlights the idiocy of how our elected officials somehow decided it was in the best interest to "give" a little to us today, at the cost of paying much more tomorrow. Oh yes. Those on Capital hill who voted to extend the Payroll Tax Cut to us lowly commoners, thats where you the wage earner doesnt contribute your full SS tax amount (3.2% Vs the normal 6.4%) and as well your employer (he's off the hook for another 3.2%) added another $100 billion to the deficit. And passed that cost along with the catchup amount it will cost to add those future dollar amounts to the SSA coffers. Yeah. They did us a big favor. Passing along debt like its the only way to get something done today. This a sin towards every person counting on some dollar amount comming out of their contributions. I bet we will see even more changes than the dire predictions being made about SS after 2032. I dont want to even get started on this topic. I have grandkids that are going to be left out or obligated to pay so much and yet get very minimal return. Oh yeah, lets keep the printing presses on 24/7. Who honestly cares right?

http://thehill.com/blogs/on-the-mone...oyment-doc-fix

And of cousre the cursory:

http://www.huppi.com/kangaroo/L-taxcollections.htm

John

That's the illusion. Give you a tax break here, remove a deduction there. Raise the rates overall. It's all a game of slight of hand.

One of the things that bothers me about this,....Is that we keep bickering, argueing over which political party has done what and how much they've done to hurt the economy. The argument rages on because there are no winners. BOTH PARTIES ARE EQUALLY RESPONSIBLE!!! Do I have to repeat it? They are playing the old game of divide and conquer. Here's a little game: Take a picture of each President since the 70's. Write down on a sticky note the word "idiot". Go crazy trying to figure out which one doesn't deserve the title.

[sjslhill]

Look at this stat for KY
This was written by state Rep. Rick Rand in an e-mail
On a personal note, I want to thank many of those who took time out of their schedule to travel to the Capitol last week for “Disabilities Awareness Day.” This event recognizes the estimated 874,000 Kentuckians who have a disability, and it highlights the need for services that help them maintain fulfilling lives.

Out of 4.2 million

[domwilson]

Look at this stat for KY
This was written by state Rep. Rick Rand in an e-mail
On a personal note, I want to thank many of those who took time out of their schedule to travel to the Capitol last week for “Disabilities Awareness Day.” This event recognizes the estimated 874,000 Kentuckians who have a disability, and it highlights the need for services that help them maintain fulfilling lives.

Out of 4.2 million

You have to send me that link. I almost fell out of my chair!!

[m4a1usr]

That's the illusion. Give you a tax break here, remove a deduction there. Raise the rates overall. It's all a game of slight of hand.

One of the things that bothers me about this,....Is that we keep bickering, argueing over which political party has done what and how much they've done to hurt the economy. The argument rages on because there are no winners. BOTH PARTIES ARE EQUALLY RESPONSIBLE!!! Do I have to repeat it? They are playing the old game of divide and conquer. Here's a little game: Take a picture of each President since the 70's. Write down on a sticky note the word "idiot". Go crazy trying to figure out which one doesn't deserve the title.

I'd say it went back as far as FDR, maybe even further, when you look what these crooks have been doing to the American Public. FDR bans citizens from owning gold, forces them to sell it to the Government, and not 2 years later, sells it on the world market. I agree its not a party thing. Both sides are thieves at the taxpayer expense. Anarchy or revolt seems like whats going to have to happen. Maybe a King or Queen is not such a bad thing after all. Its obvious that voting or the threat of being voted out of office(or so we think) has not encumbered any Elected Government Official. They must get drunk on power and think rules are for the lowly. I'm confused as well. Why do the bulk of these officials have to be schooled in law? They do such a damn good job of ignoring it or getting around it anyways.

John

[sjslhill]

FRANKFORT FOCUS- March 5, 2012

A Legislative Perspective on the Kentucky General Assembly

with State Representative Rick Rand



FRANKFORT – As it normally does during the first full week of March in even-numbered years, the Kentucky House of Representatives will vote on its proposed budget this week to run state government.



House leaders and those serving on the Appropriations and Revenue Committee, which I chair, have been studying the two-year spending plan since Governor Beshear presented his proposal in mid-January. While it is too soon to say what the final version will look like (that won’t be known until the legislative session ends next month), we do know that it won’t be easy, though there is hope that the recent signs of growth in the economy may help. Next week, I will take an in-depth look at what the House wants to do.



As the final details of that plan were being hammered out last week, the House moved several other key initiatives forward, either in committee or in the full chamber.



On Wednesday, for example, the House Judiciary Committee put its support behind two bills that have the same goal: cutting illegal drug use. One would expand the state’s prescription drug monitoring system, making it easier for law enforcement to track both doctors who improperly prescribe strong pain medicine, as well as addicts who doctor shop. This will help us shut down the often fly-by-night “pill mills” that have cropped up in recent years.



The other bill, meanwhile, will provide a more comprehensive approach when it comes to taking unregulated and dangerous synthetic drugs off the shelves for good.



These drugs, often intentionally mislabeled as bath salts or plant food, have become especially prominent during the last two years. In 2010, for example, the American Association of Poison Control Centers said there were 3,200 calls nationally involving synthetic drugs. Last year, that number jumped to 13,000, and it will undoubtedly be much higher this year.



Kentucky has been very proactive in battling synthetic drugs, but the underground chemists have been able to change the formulas of these drugs faster than the law can keep up. This legislation would stop this cat-and-mouse game by broadening the drug’s definition and enacting much stiffer penalties for those who peddle them. That would include time in prison and potentially significant fines.



Several bills making it through the House last week involve education. One calls for more study of middle school sports, which are not overseen at the state level like high school sports, while another would boost opportunities in career and technical education in an effort to better help those students who might otherwise drop out of high school.



The House also gave final approval to Senate legislation that will now grant alternative high school diplomas rather than just a certificate to special needs students who complete their modified curriculum.



In a related matter, the House also approved “green schools” legislation that will open up a pool of money school districts could access to pay for energy-saving upgrades. This would apply to qualified manufacturers, too.



In matters of public safety, the House voted on several other bills worth noting. They would:



· RRMake it much tougher for copper thieves to get a quick sale from secondary metal recyclers.

· Clarify what steps a coal miner has to take if he or she fails a drug test, in an effort to get them the treatment they need. Kentucky was the nation’s leader in 2006 when we passed a law requiring miners to be drug free to be certified to work.

· Give the owners of motorless, slow-moving vehicles the opportunity to use reflective tape rather than the current reflective triangle. This has been a pressing issue in areas of the state where the Amish have refused to use the triangle for their buggies. Hopefully, this will prove to be a workable compromise.

· Ensure that those ordering catfish in restaurants know from which country their meal came. This will better promote American-raised catfish.





On a personal note, I want to thank many of those who took time out of their schedule to travel to the Capitol last week for “Disabilities Awareness Day.” This event recognizes the estimated 874,000 Kentuckians who have a disability, and it highlights the need for services that help them maintain fulfilling lives.



With the legislative session having only a few weeks remaining, it’s very important that you continue letting me know your thoughts and concerns on the issues before the General Assembly.



If you would like to contact me, my address is Room 366B, Capitol Annex, 702 Capitol Avenue, Frankfort, KY 40601.



You can also leave a message for me or for any legislator at 800-372-7181. For those with a hearing impairment, the number is 800-896-0305.



I hope to hear from you soon.

[domwilson]

Good point. One has to wonder if the voting process is legit.
We've had a number of candidates get voted into office that weren't particulately liked.
Then we've had some colorful ones....SI Hayakawa (Republican Senator, Calif.) said, "We should keep the Panama Canal. After all, we stole it fair and square."

[numse1964]

[QUOTE=m4a1usr;398332]I'd say it went back as far as FDR, maybe even further, when you look what these crooks have been doing to the American Public. FDR bans citizens from owning gold, forces them to sell it to the Government, and not 2 years later, sells it on the world market. I agree its not a party thing. Both sides are thieves at the taxpayer expense. Anarchy or revolt seems like whats going to have to happen. Maybe a King or Queen is not such a bad thing after all. Its ....

"When plunder becomes a way of life for a group of men living in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it.”

- Frederic Bastiat

[domwilson]

FRANKFORT FOCUS- March 5, 2012

A Legislative Perspective on the Kentucky General Assembly

with State Representative Rick Rand



FRANKFORT – As it normally does during the first full week of March in even-numbered years, the Kentucky House of Representatives will vote on its proposed budget this week to run state government.



House leaders and those serving on the Appropriations and Revenue Committee, which I chair, have been studying the two-year spending plan since Governor Beshear presented his proposal in mid-January. While it is too soon to say what the final version will look like (that won’t be known until the legislative session ends next month), we do know that it won’t be easy, though there is hope that the recent signs of growth in the economy may help. Next week, I will take an in-depth look at what the House wants to do.



As the final details of that plan were being hammered out last week, the House moved several other key initiatives forward, either in committee or in the full chamber.



On Wednesday, for example, the House Judiciary Committee put its support behind two bills that have the same goal: cutting illegal drug use. One would expand the state’s prescription drug monitoring system, making it easier for law enforcement to track both doctors who improperly prescribe strong pain medicine, as well as addicts who doctor shop. This will help us shut down the often fly-by-night “pill mills” that have cropped up in recent years.

The other bill, meanwhile, will provide a more comprehensive approach when it comes to taking unregulated and dangerous synthetic drugs off the shelves for good.



These drugs, often intentionally mislabeled as bath salts or plant food, have become especially prominent during the last two years. In 2010, for example, the American Association of Poison Control Centers said there were 3,200 calls nationally involving synthetic drugs. Last year, that number jumped to 13,000, and it will undoubtedly be much higher this year.

Kentucky has been very proactive in battling synthetic drugs, but the underground chemists have been able to change the formulas of these drugs faster than the law can keep up. This legislation would stop this cat-and-mouse game by broadening the drug’s definition and enacting much stiffer penalties for those who peddle them. That would include time in prison and potentially significant fines.



Several bills making it through the House last week involve education. One calls for more study of middle school sports, which are not overseen at the state level like high school sports, while another would boost opportunities in career and technical education in an effort to better help those students who might otherwise drop out of high school.



The House also gave final approval to Senate legislation that will now grant alternative high school diplomas rather than just a certificate to special needs students who complete their modified curriculum.


In a related matter, the House also approved “green schools” legislation that will open up a pool of money school districts could access to pay for energy-saving upgrades. This would apply to qualified manufacturers, too.



In matters of public safety, the House voted on several other bills worth noting. They would:



· RRMake it much tougher for copper thieves to get a quick sale from secondary metal recyclers.

· Clarify what steps a coal miner has to take if he or she fails a drug test, in an effort to get them the treatment they need. Kentucky was the nation’s leader in 2006 when we passed a law requiring miners to be drug free to be certified to work.

· Give the owners of motorless, slow-moving vehicles the opportunity to use reflective tape rather than the current reflective triangle. This has been a pressing issue in areas of the state where the Amish have refused to use the triangle for their buggies. Hopefully, this will prove to be a workable compromise.· Ensure that those ordering catfish in restaurants know from which country their meal came. This will better promote American-raised catfish.



On a personal note, I want to thank many of those who took time out of their schedule to travel to the Capitol last week for “Disabilities Awareness Day.” This event recognizes the estimated 874,000 Kentuckians who have a disability, and it highlights the need for services that help them maintain fulfilling lives.



With the legislative session having only a few weeks remaining, it’s very important that you continue letting me know your thoughts and concerns on the issues before the General Assembly.



If you would like to contact me, my address is Room 366B, Capitol Annex, 702 Capitol Avenue, Frankfort, KY 40601.



You can also leave a message for me or for any legislator at 800-372-7181. For those with a hearing impairment, the number is 800-896-0305.



I hope to hear from you soon.

I've come to the conclusion that you are trying to kill me!!!
This is too funny!!!