Both halves of Congress are trying to create a more fair tax plan that will promote growth and simplify the code. I am skeptical that anything will get done though as it appears that this Congress is incapable of doing anything significant.
Since Congress will almost certainly fail, I thought I would put my suggestion on the table. As I analyze it, it is probably the most likely plan that I have ever seen to encourage employment growth.
The first step is to not change anything for individuals except to increase the amount of money saved in long-term savings without tax penalty. This should be doubled from its present rate. The government is in the retirement business, and it isn’t doing a sufficient job of managing it. The government needs to get out of the retirement business because the government can rarely do something well. Social Security is a broken plan, and we all know it – we just need to transition out of the retirement business slowly so that we do not screw up the American workers that depend on Social Security.
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The massive mid-term election of 2010 is now over. My phone won’t ring 25 times today with some computer imploring me to vote for one candidate over another. The signs that are all along the streets in my town can come down (hopefully the candidates come out and clean up their mess). Life can now go back to some sort of normal.
The Republicans evidently picked up approximately 60 seats in the House of Representatives. They also made major increases in the Senate and that house appears to be split nearly 50/50 (the exact count probably won’t be known for a couple days as Alaska will probably take a while to count due to the write-in candidate).
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I don’t know about you but I remember my federal government classes in high school (and grade school for that matter). I even remember a cute little commercial by School House Rocks talking about how a bill becomes a law. Under the U.S. Constitution a bill has to pass both the House and Senate to become law. Until this week, that is, when Speaker Nancy Pelosi is moving to merely “deem” that the House has passed the Senate health-care bill and then send it to President Barack Hussein Obama to sign anyway.
Under the “reconciliation” process, the House is supposed to approve the Senate’s Christmas Eve bill and then use “sidecar” amendments to fix the things it doesn’t like. Those amendments would then go to the Senate under rules that would let Democrats pass them while avoiding the ordinary 60-vote threshold for passing major legislation. This alone is an abuse of traditional Senate process but is not truly unconstitutional as it is only Senate “rules” and not constitutional law.
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First, let me be clear, I think that Rep. Wilson of South Carolina should be censured for his outburst while President Barack Hussein Obama was speaking in a joint session of Congress. He reminds of irresponsible brats such as Kanye West. Public outbursts while the President is speaking are simply unacceptable in any format and definitely not allowed in a joint session of Congress.
I do think that it is interesting that the rude outburst occurred due to a statement from BHO regarding healthcare for illegal aliens. There is a reasonable argument that BHO, while perhaps not lying, was not telling the complete truth. Check out this interesting video below and then read the rest of my comments.
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I wrote a comment on the blog “Replace Congress” that I wanted to repeat here. Yes, I am the famous (infamous?) Irishman. The subject of the blog post was the disgust of the signing of the latest spending bill even though it contains billions of dollars of pork and earmarks and is contrary to the campaign promises of Barack Hussein Obama. Here are my comments but please click through and read the original posting and the comments of that blogger.
It is unlikely that BHO could have not signed this bill and keep 50+% of support that he currently enjoys. The really bad news is that he will almost definitely not be that strong in a year, will be looking at mid-term elections and therefore have to make the same compromise of his principles.
He needs to save this 50+% political capital for the other great socialization of the country that is to come – health care.
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