Thursday, December 2, 2010
Debt Commission Report
I'll save you the trouble of reading it. A quick break down:
1. Essentially cuts spending for things like emergencies or should I say puts a cap on that spending? Exactly how they can determine the extent of an emergency is the $64K question.
2. They want to raise retirement age to 69, because after all we're all living longer so what the hell. You can still sling a sledge hammer into your late sixties.
3. Change the tax rates. And if you're not watching what's in their right hand while they take it away with the other and then some then you weren't paying attention. They say they're lowering the rates but if you look closely you'll note that the top rates go down while those at the bottom have their rates increase. Then as an added kick in the teeth they eliminate deductions which hits the middle class right between the eyes. (Oops mixed metaphor)
4. Cuts to military spending would include some weapon systems ( until a senator sneaks it back into an appropriations bill). Cuts to support contractors (Humm will they be using Chinese labor to transport supplies then?) The wording of this section is so convoluted that you'd need a translator to figure if there was any actual savings. Just how do you budget for a war and do it on the cheap? Wonder how much they'll cut personnel? Sorry soldier we only have enough in the budget to cover the cheaper artificial leg. If you want the better one you'll have to pay for it yourself.
So once again it's a give away to the wealthy. The soup Nazi has nothing on these guys. It's a simple plan for taking away what few crumbs have left but they better hurry up or there won't be anything left but a skeleton.
But all of this doesn't matter since all they want to do is cut. It leaves no alternative but for states to cut their already cash strapped budgets. And of course they never start at the top when cutting a state budget. Sorry to think it but maybe it will be time to invest in some home protection and I'm not talking about a guard dog either.