1:31 pm, July 13, 2014

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  • Not my sandwich
    Budgetweenie
    Once again, the knock on the door causes palpitations and sweaty palms. Once again, the man-made catastrophe is descending with its wrath and indiscriminate harshness. Whoa unto us... If one where to use an elementary application of logic and apply a small dose of adulthood, there is a better than even chance the end of life will be thwarted. (At least for now). Start with those with zero then do linear progression to those who have it all. The typical bell curve has shifted to the left indicating some have "lost ground". Align the legislative changes, shifts in demographics and the continuous migration of wealth to the "haves". If you dare to ask the right questions the needed answers await. Regrettably, no one seems to be able to present the evidence in such a manner that even the most entrenched believer of their respective philosophy can be swayed. Thus, a repeat of "disasters at critical mass". A current theory holds that, "to so few, we owe so much". The legacy theory of "to all, I owe" remains.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • I think you mean "woe"
    contrarian
    It's going to be fun to watch how the givers of free stuff struggle to figure out how to pay for it. You're right that it's a self made disaster, the math part is easy to fix, they just have to decide who gets the short straw.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • early morning fog
    Budgetweenie
    you are absolutely correct, thanks.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Us
    Mc
    Yes, and that'll be us. See riots in Spain/Greece/Italy, yes, that'll be us. At least Europeans are smart enough to know they're being scre*ed but not kissed. Maybe American will figure it out, well, at least when their ATM's don't work. ("honey, what's going on?")
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • buckle up!
    Rob
    I'm not one to hide money under a mattress, but if I was anywhere near retirement and relying heavily on my 401K (FERS employees) then I'd be very careful in which funds I'm invested. Our gov't has made too many promises to people that it can't keep. The time to begin taking away is near. This is going to be ugly.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Sequestration or Seduction
    FederalEmployee
    Amid the hour-by-hour titillating, salacious and oh-so-juicy tidbits regarding the 4-Star / CIA Director who cannot keep his pants zipped, the rich bored housewife / party planner who gets off exchanging lascivious emails with yet another 4-Star who by the way is old enough to be her daddy, the biographer-turned-giver-of-the-Lewinski, the dowdy grey-haired overweight and very unstylish Mrs. 4-Star, the jealous email threats and the shirtless FBI agent, one hopes that someone, somewhere, is somehow responsibly working toward a serious and satisfactory resolution to the so-called “fiscal cliff”. Perhaps if the burgeoning budgetary backlash could be spiced up with the makings of a good book…let’s see…50 Shades of Budgetary Bedfellows, or perhaps Whips, Chains, Feathers and Fiscal Mayhem…then the attention of the Nation’s so-called leaders would return to where it belongs.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Sequestratin or Seduction
    FederalEmployee
    Amid the hour-by-hour titillating, salacious and oh-so-juicy tidbits regarding the 4-Star / CIA Director who cannot keep his pants zipped, the rich bored housewife / party planner who gets off exchanging lascivious emails with yet another 4-Star who by the way is old enough to be her daddy, the biographer-turned-giver-of-the-Lewinski, the dowdy grey-haired overweight and very unstylish Mrs. 4-Star, the jealous email threats and the shirtless FBI agent, one hopes that someone, somewhere, is somehow responsibly working toward a serious and satisfactory resolution to the so-called fiscal cliff. Perhaps if the burgeoning budgetary backlash could be spiced up with the makings of a good book entitled 50 Shades of Budgetary Bedfellows, or perhaps Whips, Chains, Feathers and Fiscal Mayhem, then the attention of the Nations so-called leaders would return to where it belongs.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Latest Sensation
    Mc
    The petraeus thing was just to keep him from testifying on capital hill on the Benghazi disaster.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Petraeus will testify on Friday, according to this website.
    Jerry A.
    One whole day later than scheduled. Got another Fox News talking point conspiracy theory, or are you done?
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Budget
    Bud
    Obama won another 4 years.The country is running a trillion dollar annual revenue shortfall and a cumulative debt of about $17 trillion.Earth to Congress,Obama,the Repubs,etc.It's time to get 1000% serious about solving this problem.Showtime meaning the election is over.You can raise taxes to 100% on every taxpayer and that doesn't solve the problem.Spending/entitlements need cutting too.Time to tell the truth to the "takers" that the freebies are being reduced.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Yeah, "...the freebies are being reduced"
    FERS Fed
    Wonder how loud you'll scream when the 'freebies' include the deductions for mortgage interest and state/local taxes on your federal tax returns? But you're not a 'taker', are you?
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • FERS sez
    Mc
    FERS, that's the point. Money doesn't grow on trees, maybe you think it does.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • "Money doesn't grow on trees"? Really?  (Flagged as Abuse)
    FERS Fed
    Show/Hide Message
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Wow....FERSFed  (Flagged as Abuse)
    Big Joe
    Show/Hide Message
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Censorship.
    Moderate
    I wish you people would stop the censorship. Whether it is from the left or right, it is stupid. if you do not like the comment, respond to it. That is the purpose of this board.
    worker
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • It's not a freebie.
    Dave72
    Keeping more of the money you worked for is not a freebie. A freebie is when you get something for nothing, like not paying any taxes at all and still getting a tax refund.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • So, tell us, Dave...
    FERS Fed
    ...exactly what DID you do to earn that mortgage interest deduction? Or do you get it for nothing more than being fortunate enough to afford a mortgage? ..... And btw, could you really afford your home WITHOUT those deductions for mortgage interest and state/local taxes? ..... Yeah, that's what I thought....
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Budget
    Bud
    FERS-I won't scream if my mortgage/state/local tax deductions are taken away.That's my contribution to trying to solve the debt problem.I'll just go standard deduction.Now what are you as a US citizen willing to give up.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • "Now what are you as a US citizen willing to give up"?
    FERS Fed
    I would be giving up the same mortgage/state/local tax deduction as you. That would be in addition to the 2 years of cost of living increases I've given up as a federal employee. But that's beside the point. ..... At some time in our lives, all Americans are 'takers' from our government, and at other times they're 'givers'. ..... Let's drop the nonsense about who are 'takers'. We're all Americans and we're all in this together.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Budget
    Bud
    You're a taker if you don't work,collect welfare,food stamps,housing subsidies,free med/dental,free child school breakfasts-lunch-dinners,etc.A very small percentage do this but it's draining our social safety ney funding.And some of these takers work off the books for cash wages too.Open your eyes,Fers Fed.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • "Open your eyes,Fers Fed."?
    FERS Fed
    My eyes are wide open to the number of Americans hurt by the recession. And there you sit at your computer, warm and well-fed, labeling these Americans as 'takers'. ..... To find out how out of touch you are, try volunteering at a local food bank. ..... And if you want to see who really are the 'takers', see the article and map at this link: http://taxfoundation.org/article/states-vary-widely-number-tax-filers-no-income-tax-liability.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Budget
    Bud
    Been there,done that at food banks,Katrina relief/cleanup,etc.Katrina relief volunteer work showed me how a small percentage of "takers" were filing false and multiple claims for relief.If you recall,many received govt. cash and were never forced to pay the fraudulent claims back.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Not A Valid Argument
    ben
    Once more, the Republicans are recommending cutting deductions for upper tier income earners, not everyone. FERS Fed, unless you are one of the few earning more than $200,000 or $250,000, the you and others would not be affected.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • That's not the tax plan...
    FERS Fed
    ...on which Republicans just campaigned for the presidency. That tax plan capped all itemized deductions for all taxpayers in exchange for lower marginal tax rates.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Cost of prep of returns and enforcement of tax laws.
    Moderate
    However, again, that would make the preparation of tax returns more difficult. Additionally, that would make enforcement more difficult. That costs the government and taxpayers more money due to complexity. I have explained this to you Ben. And yes, I am in tax enforcement. It is much easier and cleaner to raise the tax rates.
    worker
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Budget
    Moderate
    Bud, taxes will not be raised to 100% or anywhere near that under the obama plan. He wants to raise taxes on the wealthy. My issue is to define wealthy. $250000 in new York etc. is not wealthy. $100000 in a low cost area could be wealthy. So the threshhold is too low.-----The conservatives must define entitlements and what the effect is to cut them off. Our pensions are entitlements. However, we earned them with our labor. Social security is the same deal. Do we cut obamacare and let those who do not have medical insurance go without medical care? Or do we force medical centers to treat these people for substandard reimbursements and let these centers go out of business? or do we go after some of the government sweet contracts that pay "too much" for what we get in return? Are they entitlements? Not an easy question. And what happened during the Hoover administration when the downturn was converted into the Great Depression due to a tight fisted president?
    worker
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • wonderful perspective
    Budgetweenie
    Budget, you are hitting it straight and true. History suggests being too frugal during a downturn is not smart. Being indifferent to the consequence of staying on the same path is also not smart. The plane has to land, either gracefully or with an unpleasantness. I just hope those that control the world economics take into consideration previous reactions. My imagination allowed me to see a near apocalyptic consequence if not handled well.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Budget
    Bud
    Moderate,you're intelligent and you know the tax code.Something has to give on the spending side.We cannot spend at today's runaway rates.Somehow we need to have everyone paying some taxes even at a few dollars a week.The 50% who currently pay nothing due to credits,EIC,etc. have no interest in the tax scenario.If they paid something,their attention is there and the "freebie" mindset disappears.With Obamacare,I fear many younger people will simply pay the fine and then sign up the day they are diagnosed with a serious illness.I also believe we need more enforcement on the fraud in Medicare/Aid.Far too many people and far too many providers(MDs,Dentists,etc.)are overbilling and defrauding the rest of us.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Good points Bud
    Moderate
    Hey, Bud. You better know more than me. You went much further than I shall have done. Anyway, you made some good points. I disagree with you about everyone has to pay federal income taxes. The law cannot be written like that. And a baby who has $100 in interest income should pay fed income taxes? If a person gets EITC then the person cannot afford taxes. And yes, the interest is still there. Due to the college credit I paid no taxes for a short period of time. You'd better believe I still had an interest.-------I agree with you about obamacare. The fine should equal the insurance payment. That might discourage the freeloaders who would get hospital care if something happened to them.----You make a good point about the fraudulent providers. We need more people in enforcement to do the job. And we should allow people to get drugs outside of the US. Additionally, the federal plan must encourage more competition with the drug companies within our plan. I have no sympathy with the government on medicaid. That plan does not reimburse providers for their costs. I would like to see providers boycott medicaid and refuse to treat those under medicaid. Problem is that would be illegal. It would get the point across to medicaid that the reimbursements must be materially raised.
    worker
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • This message is for FERS fed and Bud
    Moderate
    Bud, I will assume that you were a Revenue Agent. I apologize if I am wrong. FERS fed, I do not know your Agency so please bear with me. When you went to RA school I believe you learned that the tax system has 2 purposes. One is the obvious, to raise revenue. The second encourages economic actions. The real estate and mortgage interest deductions encourage people to buy houses, which helps the construction industry. If you eliminate those deductions, you will damage the construction industry. I do not have a study to show how much. However, I believe the Tax Act of 1986 caused a great deal of damage to that industry. Additionally, the state and local income tax deductions are very important to those localities that have higher taxes for various reasons, such as a higher level ofg ecopnomically disadvantaged people.-----I will say that I am dead opposed to the GOP plan to eliminate these deductions even for the wealthy. A higher tax rate is more appropriate. I gain nothing by these statements as I have not itemized my deductions for years.------In conclusion, I wish the idiots would stop censoring. I would like to read the censored FERS fed and Big Joe's comments.
    worker
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Budget
    Bud
    Moderate,again you're on target.Sure the Tax Code has the 2 purposes.With today's deficits,congress needs new thinking.I too haven't itemized in years.Congress must look at the corporate loopholes,etc.Maybe it's time to eliminate all deductions and have a flat tax or graduated tax with no deductions.I know that's heresy,but we desperately need outside the box thinking or my children/grandchildren will be severely hurt economically.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • 180 degrees of separation
    Budgetweenie
    I agree to the point that even a modest contribution for getting something has multiple benefits. Can't agree that wealth accumulation is the end game, but if honestly earned, good for ya. But, if the perks of paying handsomely to the "politicals" is a favored nation equivalent, I strongly suggest that the good people assume some responsibility and stop voting for those that give them a generous helping of the crumbs while the hearty meal is being given away to the elite. Subsidies to corporations is as offensive to most citizens as giving free stuff to those that contribute nada, but can. It appears to me, that distinguishing between "me" and "you" is simple. I deserve what I "earned" while, with you, I'm not so sure. (non-personal intended). I suspect there is an identical view point from nearly everyone else.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Layoffs, furloughs ... Take a deep breath
    vetdude
    By now, I think most of us know what's going to happen before January - the can will be kicked farther down the road. Despicable.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Yep
    Mc
    Yep, but then U.S. debt will be downgraded to junk status. Its one rating above right NOW. It won't be six months before you see the effects of bank owned gov't. See Madrid last night.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • "U.S. debt will be downgraded to junk status. Its one rating above right NOW"?
    FERS Fed
    Currently, Standard & Poor rates US debt at AA+, one step below their highest AAA rating. 'Junk' is typically rated 'BB' or lower because of its high default risk. There are ten steps between AA+ and BB according to S&P's debt rating scale. ..... Do you just make this stuff up?
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }