In the Obama Era of our nation people’s reality on exactly where money comes from has been indefinitely suspended. The childish belief that there is some huge ever-green tree with cash falling from its limbs into a mountainous stash at the feet of the big spenders in Washington DC (and the White House) seems to have become a stronger faith than our faith in ourselves, each other, and in God. That is until one of those limbs from that faux money tree breaks off and falls on their pointy, numbskull heads…
As The Daily Caller and Twitchy point out this poor clueless soul hit with the reality stick this week (The DU post, by the way, has since been deleted by the author, given all the unwanted attention it has gotten) was not alone in the horror of finding out we evil conservatives have been correct in claiming Obama and the dems/RINOs view ALL our paychecks as theirs, with much more blood-sucking sounds to come.
Middle-class workers will take a bigger hit to their income proportionately than those earning between $200,000 and $500,000 under the new fiscal cliff deal, according to the nonpartisan Tax Policy Center.
Earners in the latter group will pay an average 1.3 percent more – or an additional $2,711 – in taxes this year, while workers making between $30,000 and $200,000 will see their paychecks shrink by as much as 1.7 percent – or up to $1,784 – the D.C.-based think tank reported.
Overall, nearly 80 percent of households will pay more money to the federal government as a result of the fiscal cliff deal.
I love satirical writer David Burge’s assessment of what went down in this week’s “deal” (from Facebook with video):
“A concise summary of the Fiscal Cliff deal for the layman.”
Obama’s answer to our economic problems has been to fire-up the printing presses and run off more
green leaves money. However, given the massive numbers we are dealing with in this apocalyptic debt age that is not good enough. Get ready to make change, you fast food drive thru clerks, for the trillion dollar coin…
Words cannot express my excitement that this banana-republic idea is now being taken seriously enough to attract vocal support from a sitting Democratic congressman. If you’re looking for a way to convince the public that the left has no interest whatsoever in reducing spending before we face a fiscal meltdown, you can’t do better than having Obama and Geithner respond to the GOP’s demand for cuts by producing a de facto handful of magic beans.
In fact, that’s my condition for supporting this proposal. I’ll back it to the hilt, but only if the masterminds behind it figure out a constitutional way to let Treasury choose beans as the trillion-dollar currency instead of a coin. That’ll show those Republicans.
“There is specific statutory authority that says that the Federal Reserve can mint any non-gold or -silver coin in any denomination, so all you do is you tell the Federal Reserve to make a platinum coin for one trillion dollars, and then you deposit it in the Treasury account, and you pay your bills,” Nadler said in a telephone interview this afternoon.
I asked whether he was serious.
“I’m being absolutely serious,” he said. “It sounds silly but it’s absolutely legal. And it would normally not be proper to consider such a thing, except when you’re faced with blackmail to destroy the country’s economy, you have to consider things.”
By “things,” he means magic coins, not Medicare reform.
I assume the reason they’re thinking about a coin worth “only” a trillion instead of $10 trillion is because, you see, a $10 trillion coin would be exorbitant and sound crazy.
Via Mediaite, here’s Rick Santelli proving his extremism by wondering why people who refuse to mindlessly extend the nation’s line of credit while we’re on an unsustainable fiscal track are the “lunatics” in this debate. Exit question: Am I giving American voters way, way too much credit in thinking they’d laugh at the trillion-dollar coin idea? At this point, given the results in November, what’s the best result poll-wise we could hope for? 55-45 against?
Hey, you want fries with that?
These same stunned Obamabots that were screaming “Tax The Rich! Eat The Rich!” are the same ones waiting breathlessly for “free healthcare”. Here’s Congresswoman Nancy Pelosi from a couple years ago reminding us we had to pass the ObamaCare bill to see what was in it:
So, how about that fabulous new ObamaCare stuff we are now finding out about, huh? Loads of new restrictive regulations and taxes, Taxes, TAXES! … Oh, better make sure to read your sales receipts starting today:
January 1, 2013 brought a host of new taxes, fees, and charges to the American people. Some of them were anticipated. Others, like the Medical Device Excise Tax (MDET), were not — at least not in this way.
How so? Well, the MDET has started showing up on the receipts for purchases made at sporting goods giant Cabela’s. This receipt from one such store in Texas is making the rounds on the web. It shows an additional tax has been added to the purchase, after the local sales tax of nearly 10% was charged. […]
Man! It’s damn good to be king, eh?