“…American households not paying federal income taxes has also grown—to an estimated 45% in 2010…”
In a poll, no group of Americans feel they are paying too little in taxes, even those people who pay no tax.
The US House of Representatives passed their 2012 budget. While it does well to open the doors and conversation towards a reform of entitlement spending, especially in Medicare and Medicaid, it doesn’t do enough to handle spending, debts and the deficit.
Even though there are $6 trillion in cuts, it takes place over 10 years and there are still deficits for 2012 ($1 trillion!) and more deficits way into the future, as much as $391 billion into 2021. This isn’t good enough!
Ruling class Republicans still can’t shed their Washington ways and they are risking a third party by the Tea Party and others in the popular wave building in the US. The party is likely to vanish in importance in about 5 years.
“Only 45.4% of Americans had jobs in 2010, the lowest rate since 1983 and down from a peak of 49.3% in 2000. Last year, just 66.8% of men had jobs, the lowest on record.”
“The Virginia Retirement System currently faces an unfunded liability of $17.6 billion, according to the letter Governor Robert McDonnell sent Tuesday night to the Virginia House of Delegates explaining why he had not signed the funding plan.”
Currently Illinois is tied with California for the lowest ratings of any state from Moody’s and Fitch rating services.
“California’s illegal immigrant population is costing the state’s taxpayers more than $10.5 billion per year for education, medical care and incarceration”
- Free Education for Illegals: costs of K-12 schooling approximately $7.7 billion annually.
- Free Health care: about $1.4 billion a year.
- The cost of incarcerating illegal aliens: about $1.4 billion a year.
This is a report from 2004. Imagine how high the cost is now!
Yes, that’s $2.3 TRILLION !
I think this “understates” means that the President is lying to the public, doesn’t it?
Or, does he mean: “Oops, I didn’t see that 2.3 trillion there, sorry about that”. Is a trillion dollars really that insignificant to the President?
Are we in a nightmare, or what?