Showing posts with label unemployment. Show all posts
Showing posts with label unemployment. Show all posts

February 28, 2010

Obama Urges Taunting Of Talk Radio On Health Care

The Obama Reich can't get enough of health care.  After telling the Republicans at the summit meeting that if the American people don't want it, we'll just push it through anyway, Obama is now deploying a new tactic.  He is afraid that the message isn't getting heard because of talk radio.  (When, it is quite the opposite: the message is being heard.)  So, Obama has created a webpage that encourages health care supporters to call these talk radio shows and be armed with talking points.  These talking points are designed to hit the talk radio audience in a spot they are perceived as not having - their emotions.  Let's take a brief minute and examine these talking points.  (Go to http://radio.barackobama.com/ for the list)

1.  For most Americans, their health care plan covers too little and costs too much. Far too many people delay or even skip the care they need because they simply can’t afford it.

Covers too little?  Costs too much?  According to http://www.politifact.com/truth-o-meter/article/2010/feb/26/health-care-reform-simple-explanation-updated/ 60% of Americans get their health insurance through work.  These people are not buying their coverage.  Their company is buying the coverage and the employees are able to take advantage of the coverage through small deductions from their pay checks.  So, this "most Americans" is whom?! 

Allow me to translate "covers too little" - if you don't get EVERY service, visit, test, etc. covered, then you don't have the right coverage.  Allow me to translate "costs too much" - if you have to pay for your health care, then it costs too much.  These Democrats are once again just trying to get the federal government into the driver's seat of the American society. 

The notion of "too many people skip care" because they "can't afford it" only seems to exist in these talking points/tv ads.  Many ILLEGAL immigrants are getting the health care they need, free of charge.  Well, not free of charge, it came out of my pay check!

2.  The plan the President laid out includes the largest health care tax cut for middle class families in history and makes coverage more affordable for tens of millions of families and small business owners and expands coverage to over 31 million Americans who are currently uninsured.

Federalizing 1/6 of our economy is not a tax cut for the middle class!  Health care costs are high because we are in desperate need of TORT reform.  Frivolous lawsuits against doctors cause doctors to have more mal-practice insurance.  To pay these premiums, they need to have more income.  Therefore, health care costs MUST increase.  If you want health care to be more affordable - bring us TORT reform!  Nationalizing health care only deals with the symptom (and very poorly at that). 

Secondly, it is said that over 31 million Americans who are uninsured would now have coverage expanded to them.  This is prime territory to cause a Lib to jump ship and go to another point.  Here is the poignant question:  What is the reason for being uninsured?  Is it because when the poll was taken, many were in between insurance plans and have since gotten insurance?  Is it because those who used to have work coverage lost their benefits due to tax increases and increased federal regulations on businesses?!  According to http://pn.psychiatryonline.org/content/38/12/1.2.full about half of this number are just in and out of coverage - shopping for lower rates, changing jobs, etc.  So, that takes our number to 15 million uninsured.  What is interesting is that unemployment has been at 10%.  10% unemployment equals out to be about 15 million people.  (http://cbs11tv.com/national/unemployment.10.percent.2.1299266.html) So, it would seem to reason that if we fix unemployment, we fix the number without insurance.  Companies, however, are afraid to hire because any profits gained are in the cross-hairs of Obama.  What's the point of making profit just to have it taken away?!  Exactly, there is no point - therefore, there is no point in hiring any new workers.

3.  This plan will give millions of Americans new choices in health insurance by making coverage more affordable, ending the denial of coverage for pre-existing conditions, putting power in the hands of consumers instead of insurance companies and providing one of the largest tax cuts in history while also reducing our national deficit.

This is the most asinine group of words I've ever read.  Pre-existing conditions exists as a way to KEEP COSTS LOW!  I sell life insurance.  We can offer term plans for pennies on the dollar per thousand because of requiring great health.  If an insurance company is forced to take on ALL risks, premiums will go UP!!  How else is the insurance company going to pay for the claims that will be hobbling in day after day?!  Secondly, this puts the power in the consumer's hand??  The power is already there!  If you don't like the health coverage you have, then go down the street and buy from someone else!  You decide where your dollar is spent, not the insurance companies.  And, thirdly, this will reduce our national deficit?!  How does government spending reduce our deficit?  Obama has already taken our deficit, sorry libs, well past your coveted Bush deficit.  You honestly think Obama is worried about the national deficit?! 
 
4.  Reform couldn’t be more urgent – just this month consumers in California were told their premiums could go up as much as 39 percent.

Then go buy from someone else!  What about tax rates that just went up because you let the Bush tax cuts expire?  Don't patronize us about reform because rates are increasing.  IF WE HAD MORE OF OUR MONEY, WE'D HAVE THE MONEY TO PAY FOR BETTER HEALTH INSURANCE!
 
5.  Too many in Washington are now saying that we should delay or give up on reform entirely, but Americans understand the stakes for our economy and our lives, and we want action
 
Americans do NOT want this bill!  Even Obama at the health care summit said he would just ram it through if he didn't get the cooperation he wanted.  Too many in Washington are out of touch with their voting base and come November, they will be out of touch with Congress.
 
Don't back down from these guys!  Hold their feet to the fire!

February 23, 2010

Jobs Bill Misses The Mark

Yesterday, the Senate was giddy about passing a "jobs creation bill." The media has been proclaiming how even Republicans are jumping on board with this bill. They are making a big deal out of Scott Brown, R-MA, voting yes since he just got to Congress. But, let's slow down. What is this bill about?

This bill is supposed to be a $15 Billion job creation package. First, let's remind our good friends in Washington that the only jobs Congress can create are Government jobs. Congress cannot create jobs in the private sector. Their policies can hinder or encourage job growth in the private sector, but they are not the ones responsible for any new jobs. Now, Congress wants the credit for jobs creation because then Obama can take credit for it as well.

One of the focal points of this bill is that it frees any company that hires the unemployed from paying their 6.2% social security tax for 2010. If the company retains the employee for at least a year, they get a $1,000 tax break.

So, with less money going into Social Security, Congress will have to go after it somewhere else. And, that somewhere else will be from those who are already employed. Secondly, a $1,000 tax break?! Is that per new hire? And, by the way, companies don't pay taxes anyway - we pay them through their prices they set for their goods and/or services. So, giving a company a "tax break" would actually be giving us a tax break. But, a $1,000 tax break isn't a tax break. That's like letting the couch cushions fund your kid's allowance. If you want to encourage more corporate participation in the hiring game, then do something big. How about eliminate a lot of the taxes and regulations that are imposed upon them and that stifle their ability to be able to afford to hire additional help. Why not suspend and even eliminate the federal income tax - give people more of their money to spend in the economy. This is the real issue, folks. Giving companies "tax breaks" is only a symptom of the problem.

Jobs are created based on two simple things: Supply and Demand. If demand is higher
than supply, then companies need to hire more workers to get supply back even with demand. If we had more of our own money to spend, demand would start to increase, companies would begin to hire more to meet the demand with more supply and two things ultimately happen: the economy is back on its feet and unemployment falls. Companies do not just arbitrarily decrease their work force. This bill suggests they do by virtue of it focusing on the corporations and their hiring practices. Jobs exist for one reason - a company needs to make money and they need workers to make supply to meet demand. If the demand isn't there, then the need for employees decreases. Companies are not going to keep an employee on the books at 20k/year or 30k/year just to get a 1k tax break. That's like the common practice of hanging on to a mortgage because of the tax write off. So, you send 10k to the bank in interest so you don't have to send 3k to the IRS in taxes?! (By the way, if your CPA suggests that you do that, then fire their sorry carcass and get one that can actually do math.) Frankly, this bill is insulting to private business.

The Government that has given us this economy and this deficit are now the ones who are going to fix it?! The Government that hates the private sector now are seen as their savior? Don't fall for it - these people want one thing only and that is full government control over business industry - and you take that to the bank...well, don't take it to the bank because they will be taxed more for the TARP money they've already paid back.

February 20, 2010

Middle Class Tax Cuts? You Lie!


I think this needs to be revisited. Earlier this month, Reuters reported that Obama's budget was full of back-door tax INCREASES for the middle class. The White House promptly grabbed Reuters by the crotch and demanded they pull the story. (So much for freedom of the Press). Reuters, with a backbone the consistancy of jello, pulled the story. But, what do you expect from the State-run media?! So, the story is only found on blogs at this point. (i.e http://www.thehotjoints.com/2010/02/02/reuters-does-story-on-obamas-backdoor-tax-increases-then-withdraws-it/). The portion I want to focus on is the actual tax increases for the middle class. Now, on Feb. 11th, 2010, Obama said he was going to be "agnostic" on tax increases. He was going to establish a "bi-partisan" group to investigate debt reduction proposals. This "bi-partisan" group is 60% Democrat and they are going to demand tax increases to fix the debt problem. Obama is going to play dumb and say "Well, uh, we've made progress, and un, the commission has worked hard, uh, and, they've determined, that uh, we need to increase taxes to pay for this debt." THE VERY DEBT YOU'VE CREATED! This way, he can say he didn't flipflop on his no taxes for the middle class promise. Come on, folks - his promises are about as pointless as Russian Roulet with a semi-automatic pistol. So, without further delay, here, again, is some insight to what will be coming down the pike to us middle class folk. Here is the story that wasn't protected under freedom of the press.


NEW YORK (Reuters.com) –The Obama administration’s plan to cut more than $1 trillion from the deficit over the next decade relies heavily on so-called backdoor tax increases that will result in a bigger tax bill for middle-class families.


In the 2010 budget tabled by President Barack Obama on Monday, the White House wants to let billions of dollars in tax breaks expire by the end of the year — effectively a tax hike by stealth.


While the administration is focusing its proposal on eliminating tax breaks for individuals who earn $250,000 a year or more, middle-class families will face a slew of these backdoor increases.
The targeted tax provisions were enacted under the Bush administration’s Economic Growth and Tax Relief Reconciliation Act of 2001. Among other things, the law lowered individual tax rates, slashed taxes on capital gains and dividends, and steadily scaled back the estate tax to zero in 2010.


If the provisions are allowed to expire on December 31, the top-tier personal income tax rate will rise to 39.6 percent from 35 percent. But lower-income families will pay more as well: the 25 percent tax bracket will revert back to 28 percent; the 28 percent bracket will increase to 31 percent; and the 33 percent bracket will increase to 36 percent. The special 10 percent bracket is eliminated.


Investors will pay more on their earnings next year as well, with the tax on dividends jumping to 39.6 percent from 15 percent and the capital-gains tax increasing to 20 percent from 15 percent. The estate tax is eliminated this year, but it will return in 2011 — though there has been talk about reinstating the death tax sooner.


Millions of middle-class households already may be facing higher taxes in 2010 because Congress has failed to extend tax breaks that expired on January 1, most notably a "patch" that limited the impact of the alternative minimum tax. The AMT, initially designed to prevent the very rich from avoiding income taxes, was never indexed for inflation. Now the tax is affecting millions of middle-income households, but lawmakers have been reluctant to repeal it because it has become a key source of revenue.

Without annual legislation to renew the patch this year, the AMT could affect an estimated 25 million taxpayers with incomes as low as $33,750 (or $45,000 for joint filers). Even if the patch is extended to last year’s levels, the tax will hit American families that can hardly be considered wealthy — the AMT exemption for 2009 was $46,700 for singles and $70,950 for married couples filing jointly.


Middle-class families also will find fewer tax breaks available to them in 2010 if other popular tax provisions are allowed to expire. Among them:


* Taxpayers who itemize will lose the option to deduct state sales-tax payments instead of state and local income taxes;


* The $250 teacher tax credit for classroom supplies;


* The tax deduction for up to $4,000 of college tuition and expenses;


* Individuals who don’t itemize will no longer be able to increase their standard deduction by up to $1,000 for property taxes paid;


* The first $2,400 of unemployment benefits are taxable, in 2009 that amount was tax-free.


Reuter's pulled this story and promised a new story to run in its place a week later. No such story ever was ran.