Welcome to December… let’s watch Congress drag us further into misery.
by btchakir, Wed Dec 01, 2010 at 11:25:16 AM EST
We are starting December with a very heavy rain… it began around midnight last nite and was still raining five minutes ago when I brought the dogs in from their 10:30 AM walk. I expect it to keep raining most of the day. The low spots on our back lot are flooded already and I imagine groundwater rises are happening all over town. I’ll find out when I go out to the store a little later.
December begins the three or so weeks that Congress has remaining in the Lame Duck Session before all the overpaid and underaccomplishing elected officials head home for the holidays to brag about what they did or didn’t allow to get passed and beg for money. Perhaps they will leave after making at least one or two progressive legal advances get through before the Republicans take over the House and add to their seats in the Senate. Taxing the Wealthy would be one legal wonder. I don’t count on it as Obama seems, as usual, getting ready to cave. To me, the best thing would be for nothing to happen and the taxes go back in place for everyone.
I heard one Republican Congressman say on a TV interview that if the taxes go back to pre-Bush levels, the average tax increase for us poor middle-classers will be around $2,150.00. This, of course, is not true… the average is thrown way off by the top 1% of the population whose millions-through-billions in income throw off the 99% that averages in the lower thousands. This is being done to scare the middle and lower class voters into supporting the Reps and Senators being paid off by the Murdochs of the world. I expect my taxes to go up a couple of hundred dollars at most… and the amount that would be taken from the wealthy 1% would bring in a huge amount of bucks… perhaps over a trillion dollars.
In reality, if the overall Bush tax cuts for EVERYONE are extended for a couple of years it will put us the same trillion-plus deeper into debt. And if you think that will improve our economy and increase jobs I have a great bridge to sell you.