Monday, March 26, 2012

Socialist Perverted Thinking On Taxes

In testimony before a House of Representatives Committee, tax cheat, Socialist Secretary of the Treasury Tim Geithner refused to acknowledge that about 50% of Americans pay no income taxes at all to support the activities of the federal government.   Instead, Geithner insisted that all working Americans pay income taxes because they normally pay 7.65% of their earnings for Social Security and Medicare contributions.   The fact that 6.2% is paid to cover a pension in the future and that 1.45% is deducted to pay for medical care, after the age of 65, is apparently irrelevant to Socialists.  

This perverted thinking does show that Socialist see both Social Security and Medicare contributions as just another form of income taxes to do with as they please.  This is probably the reason they have been stealing this money since 1965 to spend on annual operating expenses, rather than putting our Social Security and Medicare contributions away in the infamous "lock box" to pay for these future benefits.   For this reason, both Social Security and Medicare face bankruptcy.   These trust funds are sitting on a bunch of federal government IOU's.  The money to pay these benefits is gone with the wind.   Why aren't our elected representatives that perpetrated this crime in jail rather than in Congress.   I am sure there are probably prison cells available near Bernie Madhoff in the section of the prison for Ponzi Scheme criminals.    

In fact, the 50% of Americans that pay no income taxes at all are likely to get a great return on their money, since they most assuredly will receive full Social Security and Medicare benefits, while others that pay income taxes and the highest levels of Social Security and Medicare contributions will face means testing and caps on benefits.  It is already happening as the so called "rich" pay much more for Medicare at 65 years old, even though they paid in substantially more while working.  And, if the rich defined by the Socialists as Singles earning $200,000 and a married couples earning $250,000 a year get their Social Security benefits at all in the future, it will be with a cap that does not reflect their life time investment in this system.  

In other words, the 50% of us that pay all the income taxes in this country to support the 50% that pay no income taxes, will suffer further when it comes time to receive Social Security and Medicare benefits.   When Socialists speak of the rich paying their "fair share", they refuse to acknowledge that the "rich", the top 10% of income earners in the US already pay 70% of all income taxes paid.   If not for the rich, the government would be collecting very little in revenues.  

Always remember, Socialists will lie, cheat or steal to stay in office to continue feeding at the trough.   Their perverted thinking on taxes is no different that Nazi Goebbels's Big Lie Propaganda practices.   Nothing Socialists say about taxes, the economy, the deficit or the National Debt is ever true.   The numbers just never seem to add up, do they?   The good news is that Cards Talk and Number Don't Lie even if Socialists do lie.   When all is said and done, if Socialist President Obama's budget trajectory is allowed to continue, we will add another $10 Trillion to our $16 Trillion National Debt in the next ten years.    Of course, the markets will never allow that to happen.    If Obama's path toward bankruptcy continues, we will instead see the economic collapse of the United States, civil strife on our streets and a loss of our national sovereignty.   We can't let that happen.

President Obama and his Socialist pals in all levels of government, are a clear and present danger to our nation as bad as any external enemy we have ever faced.   For that reason, we must sweep these Socialists out of office in 2012 and 2104 to preserve our freedom, our nation and way of life for the sake of our children and grandchildren.   We can do it.  We must do it.  In the meantime, when you hear Socialists on the campaign trail, just know you can't believe a word they are saying, particularly related to their perverted thinking about taxes.   None of it adds up even in the New Math.      

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