The tax cut extension negotiation keeps moving along, and with each step it becomes clearer that something really has to be done to find a way to manage the country's finances without politician's involvement. The system is so far out of control due to their fundamental ignorance and ridiculous biases that what's happening now would really be funny, if it didn't concern the financial well-being of the nation in whole.
Democrats keep yapping about the bill's being too "generous" for the rich. And although I wrote about this yesterday, I think it's worth mentioning again. Because I simply don't comprehend in any way, shape, or form, how a bunch of worthless, scum-sucking vultures who do absolutely nothing of value at all, can call money that's kept by those who actually earned it as some kind of generous gift.
This whole picture's upside down. Because the gift part is actually what's sent to DC by the earners to keep the scum-suckers in office fed, housed and clothed. And without the earners willingness to pay taxes of any kind, these politicos would likely be wringing towels in their neighborhood car wash, or picking grapes for the ex-speaker's husband, because none of them are qualified for jobs that require thought.
What's worse is that the main arguments against the extension of tax cuts are that the country can't afford it, and even if it could...money has to be taken from the rich merely on principle. Yet, the answer seems to be in compromise. And the way that's likely to be done is by adding "sweeteners" as appeasement to those against enactment.
And what are the sweeteners? In the Senate, tax credits have been proposed for biodiesel, a tax credit for ethanol, extensions of tax credits for energy-efficient homes and appliances, and credits for training mine rescue teams. The 45-cent-per-gallon ethanol subsidy alone, extended through 2011, was estimated to cost about $5 billion. The issue is of particular interest to lawmakers from Midwestern states with grain crops.
Additionally would be the allowing of millions of dollars worth of expensing for film and production companies doing work in the United States. Breaks would be given to the rum trade in Puerto Rico and the Virgin Islands, and incentives provided for investment in the District of Columbia, along with other benefits for the battered Gulf coast.
So here we have a bill that's critical to driving the economy, and should have been passed months ago to incent businesses to expand, hire more people and begin generating income ASAP, that's been bogged down because of ignorance of finance and political bias. Yet, the suggested way to passage is to load the legislation with selected, costly perks benefiting a core of special interests. Thus, my question is, how can a nation that's practically broke afford to "give" anything at all to others than the ones who earned the money that keep it alive?
While this situation bounces its way along, as horrible as it is, I think it's providing a huge public service. Because, the longer it drags on, the more people see the squad of dolts in DC for what they really are. And that has very real value. Because I have very little doubt that, regardless of party, all those in office at present are on their way out.
That's it for today folks.
Adios
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