Wednesday, March 10, 2010
If you thought credit card reform was bad
Hold on to your wallets folks. In addition to getting health care reform done our government is working on energy policy as well as consumer protection. From what I've heard the consumer protection legislation is getting whittled down to an agency run by those we need protection against. Sen. Dodd is working with Sen. Corker (R Tn) and by the sound of it Dodd is doing nothing short of a reach around to pander to Corker.
As for the energy bill I know big oil and coal were greasing the pockets of congress as far back as last summer when the teabaggers were screeming at town halls. Gas is expected to be over $3 a gallon if it isn't already. Wonderful. Now we get screwed in every orifice and they don't even leave a mint on the pillow.
Now for all those of you who thought they'd escape the mayhem, let's say you're retired on fixed income, there's a bunch of things in store for you too. First no cost of living increase this year. They tried to give grandma $250 extra this year but you know which party who put the kibosh on that. Did I say "Party"? Seems they get the party. We get to pay for it and clean up afterwards.
And if you're on Social Security you might want to check your old records for any old government loans you might have forgotten about like a student loan or gov backed business loan because the IRS is going after all you forgetful souls.
And don't forget the new taxes on cigs, candy and bottled water here. It's either that or a .3% sales tax increase. I have no real objection to taxes but when you're not working or have no control over what you get to live on it's a different story. Property taxes just went up 30% last year even though property values went down by 30%. So you'd think the amount would come out about the same. Nooo. They valued it at the old rate so if you want relief you'll have to fight for it. I'll need to file an appeal just to prove something I'm sure they already know.
Oh and I forgot to mention that consumer protection bill covers loans purchases and even retirement funds. Great now they can Madoff you and get away with it. If only Bernie could have held out a bit longer his buddies in congress would have let him get away with it. :-(