Sunday, February 24, 2013

Sequester!!

A Game of Chicken!!
It s now after 3 pm EST and the bus just left the station and we are now on /i-95 N. In the TV news on CNN was the so-called Sequester that will take effect on March 1st. The media (CNN) is attempting to blame BOTH sides and act they are above this political stalemate. God, I love it when they speak of the mainstream Media like THEY aren't  it. WOW! They just are so self-important that they are blind to the reality that the rest of us live in. We want solutions not politics nor ideology  Yes, the President is playing politics with this issue. What the hell else is he supposed to do when Congress will not negotiate over the terms that could end this stalemate this week.  Its Congress who writes the laws of the land. The President can only make a proposal. The President has proposed a balanced plan which calls for MORE cuts then tax raises. The GOP has this odd way of legislating. They hold money and the government hostage to meet their stated goal to slash programs. This time  the GOP has to face to the fact that the US military is facing STEEP cuts. These cuts will harm states like Texas and Pennsylvania harder then other states that do not have as much military spending as some others. The fact that wage income is taxed MORE then investment income is part of the reason we are in this mess. In fact the Capitol Gains Tax rate is lower and does this encourage work?? Well, I think not. The bottom line is the the blame should rest at the Congressional Republicans.

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