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alstry (35.40)

Time To Tax The Pancake Eaters??

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November 27, 2009 – Comments (3)

In war we take the children of the poor.....maybe we should take the money of the rich????

NEW YORK (CNNMoney.com) -- War is expensive, and it's about to get more so if the U.S. government escalates its military efforts in Afghanistan.

President Obama is set to announce his strategy next week. And the question of cost hovers in the background of the difficult decision he faces.

Over the past eight years, the nearly $1 trillion cost of the military's efforts in Iraq and Afghanistan was essentially charged to the national credit card.

Will it be different this time?

There's some chance lawmakers may opt to pay the bill as it comes due, rather than letting the balance and interest accrue. It's not the first time the idea has come up, but it may be the first time the idea is given serious consideration.

A big part of the context for deciding whether and how to pay for a buildup are the growing deficits that have become a political and financial albatross. The country's accumulated debt is expected to rise from $12 trillion today to $21 trillion by the end of 2019.

Some lawmakers are pushing for a war tax. Peter Orszag, the White House budget director, took part in the latest war council meeting. And Obama is expected to raise the cost issue in his Tuesday evening address at West Point.

The surtax would start at 1% for anyone with taxable income and increase gradually up the income scale to as much as 5% for the highest-income households.

http://money.cnn.com/2009/11/25/news/economy/paying_for_Afghanistan_war/index.htm

Welcome to the world of Zombulation.....

First You Know

Then You Feel...no matter who you think you are or how many flat screens you have.....

Finally It Collapses without any discrimination who it falls upon

3 Comments – Post Your Own

#1) On November 27, 2009 at 3:37 PM, alstry (35.40) wrote:

Welcome to 1.01.10...Vietnam, Dubai, Greece....now Miami?????

Nov. 27 (Bloomberg) -- Miami may delay a $120 million bond sale after an audit showed lax budget practices and the city learned of a possible U.S. Securities and Exchange Commission inquiry, Mayor Tomas Regalado said.

THE GOVERNMENT COLLAPSE BEGINS................

Remember, it is not the end of the world......just the end of the world as you know it.

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#2) On November 27, 2009 at 3:41 PM, alstry (35.40) wrote:

1.01.10....THE GOVERNMENT COLLAPSE

Nov. 27 (Bloomberg) -- New Jersey Governor Jon Corzine plans to cut pension contributions as well as aid to schools, cities and hospitals to close a deficit of more than $1 billion that has emerged less than five months into the fiscal year.

A budget gap of $190 million that was disclosed last month has since increased by $820 million, finance officials said in a Nov. 25 preliminary offering statement to investors for a $29.1 million state Building Authority bond refinancing.

$190 MILLION TO $820 MILLION IN LESS THAN A MONTH?

WE ARE GOING TO NEED A LOT MORE THAN 5% FROM THE RICH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

PANCAKES AND FLATSCREENS FOR EVERYONE!!!!!!!

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#3) On November 27, 2009 at 7:52 PM, alstry (35.40) wrote:

TAX THE PANCAKE EATERS EVEN MORE!!!!  LOTS OF JOBS FOR AFGHANS......TOO BAD NOT MANY FOR AMERICANS

U.S. Tries New Tack Against Taliban

The U.S.-led coalition and the Afghan government are working to persuade Taliban insurgents to lay down their weapons, offering jobs and protection to those who stop fighting.

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