Agreed. I'd go as far as to say that the standing army needs to be abolished and replaced with nothing.The sequester is about the only bi-partisan pieces of legislation that has passed is 5 years. Why is it that all the regulars that argue common ground are not behind it, both sides? I say let it happen. If a 2% cut kills the economy, we are already done for. And the 2% is off of the baseline increase of 6% (or whatever it is), not even a reduction in spending.
Inflict 10-20% pay cuts on middle class workers to spare millionaires and billionaires the pain of paying the same tax rates as the peons? Makes sense. No wonder the millionaires in Congress came together on it.
Where do you think the money goes? It pays federal workers (middle class), federal contractors (middle class), state and local workers through block grants (middle class). They didn't cut entitlements and they didn't fix the capital gains tax fiasco. Sequestration cuts work hours and salaries of middle class workers. Sequestration is an assault on the middle class for the purpose of shielding the wealthy.How does it inflict any pay cut on the middle class? Strawman argument?? How does sequestration cut middle class pay? By the way, congress only came together on it last year and are blaming each for it now. Only the middle class gains for it (reduced government spending) long term.
Where do you think the money goes? It pays federal workers (middle class), federal contractors (middle class), state and local workers through block grants (middle class). They didn't cut entitlements and they didn't fix the capital gains tax fiasco. Sequestration cuts work hours and salaries of middle class workers. Sequestration is an assault on the middle class for the purpose of shielding the wealthy.
Where do you think the money goes? It pays federal workers (middle class), federal contractors (middle class), state and local workers through block grants (middle class). They didn't cut entitlements and they didn't fix the capital gains tax fiasco. Sequestration cuts work hours and salaries of middle class workers. Sequestration is an assault on the middle class for the purpose of shielding the wealthy.
The fiasco being that capital gains are income to the individual enjoying them, income that is taxed at a lower rate than income earned through work. The lower capital gains tax rate has pushed executive compensation from salary to capital gains, resulting a highly regressive tax system at the upper end. Add to this the general shift of income up the food chain and general revenues and specifically social security revenues are significantly lower that they would be than under a progressive tax system. Sequestration is a direct result of folks in Congress protecting the wealthy at the expense of the middle class.And by fiasco you mean they realized that the only thing capital gains and earned income share is that they are on the same form?
And for that reason they have been treated differently since at least the time of FDR (who I am pretty certain was not a radical right wing tool).
Where do you think the money goes? It pays federal workers (middle class), federal contractors (middle class), state and local workers through block grants (middle class).
They didn't cut entitlements and they didn't fix the capital gains tax fiasco.
Sequestration cuts work hours and salaries of middle class workers.
Sequestration is an assault on the middle class for the purpose of shielding the wealthy.
What would YOU cut from the federal $3,600,000,000.00 budget? lets look at it from a perspective of a single person. Take 5 zeros off, 36,000. Sequestration would equal $720.00. No wait, it would equal $36,000 (current budget) + $8,880 (baseline increase) - $720 (supposed cut) which nets $38,160. Somehow I don't see the cut???
The sequester is about the only bi-partisan pieces of legislation that has passed is 5 years. Why is it that all the regulars that argue common ground are not behind it, both sides? I say let it happen. If a 2% cut kills the economy, we are already done for. And the 2% is off of the baseline increase of 6% (or whatever it is), not even a reduction in spending.
Someone that has a clue.
The ordinary citizen will be most impacted.
They always go for things that will affect the little people the most,for example all the National Parks will be closed.
Where do you think the money goes? It pays federal workers (middle class), federal contractors (middle class), state and local workers through block grants (middle class). They didn't cut entitlements and they didn't fix the capital gains tax fiasco. Sequestration cuts work hours and salaries of middle class workers. Sequestration is an assault on the middle class for the purpose of shielding the wealthy.
Someone that has a clue.
The ordinary citizen will be most impacted.
They always go for things that will affect the little people the most,for example all the National Parks will be closed.
Oh it's gonna hurt, but the fact is we cannot sustain this kind of borrowing and there isn't enough money at the top to tax to pay for it.
The fiasco being that capital gains are income to the individual enjoying them, income that is taxed at a lower rate than income earned through work. The lower capital gains tax rate has pushed executive compensation from salary to capital gains, resulting a highly regressive tax system at the upper end. Add to this the general shift of income up the food chain and general revenues and specifically social security revenues are significantly lower that they would be than under a progressive tax system. Sequestration is a direct result of folks in Congress protecting the wealthy at the expense of the middle class.
Don't kid yourself. Neither side wants this but both sides want this. I listened (during the summer) as defense CEO's went to Congress to tell us how bad this was going to be and the GOP told us that we were going to be crippled on defense.
Now we have the dems telling us that teachers and firemen will be cut because of grant cuts to the states.
Well sure, if you cut out large amounts of spending, people will be cut somewhere. This is not rocket science, but it is about the cutting priorities and both sides use fear mongering to keep their side from being cut.
My mother in law told me that if we cut defense spending by 10%, we would be invaded and taken over (yes, she told me that and would not listen). The fear mongering has worked....and very well.
We need to be invaded anyway.
Where do you think the money goes? It pays federal workers (middle class), federal contractors (middle class), state and local workers through block grants (middle class). They didn't cut entitlements and they didn't fix the capital gains tax fiasco. Sequestration cuts work hours and salaries of middle class workers. Sequestration is an assault on the middle class for the purpose of shielding the wealthy.