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Senate Democrats Vote No To Extend The Payroll Tax Deduction
VOTE NO to extend the payroll tax deduction holiday
On Dec.1,2011, the Senate Democrats VOTE NO to extend the payroll tax deduction holiday. The Senate Republicans proposed a bill that would extend the pay roll deductions without increasing the deficit. The Democrat plan was to tax the rich a 3.25% tariff to pay for the $100 billion cost to extend the payroll tax holiday without considering PAY-GO legislation.
The Republican proposal followed PAY-GO LEGISLATION LAW signed by President Obama on Feb 13, 2010. The first time the payroll tax deduction was approved by Congress, it was approved with promises to CUT government spending, which has yet to happen. The 2011 budget deficit was $1.3 trillion.
President Obama was in Pennsylvania and New York campaigning for the 2012 election. The President told the audience that the Republicans should vote to extend the payroll tax deductions. Obama said that if Congress don’t pass an extension, the economy might fall back into a recession in 2012. Blaming the Republicans for the inability of the Democrat Senate to compromise on an extension of the tax deduction is somewhat disingenuous.
The President has a different view today from the day that he signed PAY-GO into law. The Senate Democrats and the President need to be reminded that PAY-GO LAW requires a dollar for dollar exchange for any NEW spending. The Republican defeated proposal wanted to cut the cost of government to pay for extending the pay roll tax holiday. One must wonder the hypocrisy of not following the PAY-GO LAW that was approved by a Democrat Super Majority Congress and signed by President Obama in 2010.One must wonder if the forthcoming 2010 elections was an incentive to pass the Pay-Go bill?
In Nov. 2010 Obama signed to extend the Bush Tax Cuts too, really!
Following is a statement by President Barack Obama on Feb. 13,2010
2/13/10 2:04 PM EST President Barack Obama is hailing pay-as-you-go BUDGET legislation he signed Friday night as one in a series of crucial steps needed to snap Washington out of a destructive pattern of overspending.
“Now, Congress will have to pay for what it spends, just like everybody else,” Obama said in his radio and Internet address released Saturday morning. “After a decade of profligacy, the American people are tired of politicians who talk the talk but don’t walk the walk when it comes to fiscal responsibility. It’s easy to get up in front of the cameras and RANT against exploding deficits. What’s hard is actually getting deficits under control. But that’s what we must do.”
The PAYGO compels NEW spending or tax changes to not add to the federal deficit. Not to be confused with pay-as-you-go financing, which is when a government saves up money to fund a specific project. Under the PAYGO Rules a new proposal must either be "budget neutral" or offset with savings derived from existing funds. The goal of this is to require those in control of the budget to engage in the diligence of prioritizing expenses and exercising fiscal restraint.
The interest on the national debt is $1 billion a day and rising. The unfunded liabilities of the country is $104 trillion. The national debt recently rose to $15.5 trillion .
Senator Coburn has identified $9 trillion of waste in the United States government. President Obama stated that Congress needs to cut $ 4 trillion, should be a simple task considering that there is $9 trillion to trim from government. See the Senator Coburn Report July 21, 2011
DEFICIT WASTE IN the US GOVERNMENT see video Back in the black, the SOLUTION http://www.youtube.com/watch?v=3tVJ2gqqKWs
The Simpson-Bowles deficit committee’s report to the President was a plan to reduce the national debt. The final plan was voted on and did not receive the necessary votes to approve.
Under the leadership of President Obama, Congress will be approaching another crisis on Dec 18 when the budget CR will expire and funding the government will again require Congress to act to keep the government functioning. The 2012 budget year started Oct1, 2011.The Republican House approved a 2012 budget in February. The House’s 2012 budget, ’’Cut, Cap and Balance Act’’ was sent to the Democrat Senate for debate, amend and approve.
The Senate and the President have yet to present a 2012 budget, further complicating and delaying Congress to proceed on a final 2012 budget. The failure of the Super Committee to arrive at an agreement was blamed on the Republicans. There are 25 jobs bills passed by the House that are dormant in the Senate waiting to be brought to the Senate floor.
Blaming the Republicans for holding up passage of the Presidents jobs bills is confusing. Blaming Congress for not acting on the President’s jobs bills without mentioning the Democrat controlled Senate appears to be fraudulent and deceiving.
In 2008 candidate Obama promised ‘’ Hope and Change’’ will be coming to Washington if he would be elected. Obama was elected President of the United States,the promises seem now to be forgotten in his third year as the president.
President Barak Obama needs to tell the American people the truth about how he and Congress, the Democrat Senate and the Republican House, will get the people back to work and how they will solve the nations problems. We the people vote and send our elected representatives to be part of our government, those representatives should not be denied a voice or a vote on legislation that benefit’s the citizens. In Washington today, it appears that the political party is more important than the people who elected our officials to go to Washington.
A past President once said ‘’ to be silent is to be a coward’’ Another one said ‘’ the government is not the solution, the government is the problem’’
MAY GOD BLESS AMERICA
Your Author Jon Ewall
Jon's website http://www.chicagoconsultant.com/page1.php
Your author is a online marketing consultant of products offered on the internet. Jon’s website blog contains a variety of interesting subjects and articles that he has written