‘Fiscal cliff’ distracts from real tough choices ahead

As Congress and the White House continue to bicker over how to avoid the “fiscal cliff” and fill the nation’s massive budget gap, they fail to address the larger, long-term problems facing our nation. Instead of taking the opportunity to spark meaningful reform, both sides are gridlocked over the most politically expedient method for beating the December 31 deadline.

The Progressive rallying cry to make the rich pay “their fair share,” might make for a good sound bite, but when we look at the numbers, it’s quite clear just how uninformed many politicians are on the issue. Accounting for federal income taxes and tax credits, the richest 5 percent of Americans paid almost 30 percent of taxes in 2009. In fact, the wealthy have always paid a large percent of the overall tax burden. What’s surprising however is that the government’s total tax receipts are about the same in relation to the overall economy, regardless of tax rates.

Raising taxes on the those making over $250,000 would solve about 5 percent of the long-term budgetary mess we face, yet it has consumed 95 percent of the debate. The long-term liabilities of Medicare and Social Security, paired with unsustainable defense spending, are spiraling out of control, and instead of finding a way to curb and reduce entitlements, Congress and the White House are caught up in a political game of chicken.

Military spending has increased over 90 percent since 1998 as America drastically expanded its defense of other countries. The U.S. now accounts for 48 percent of the world’s military spending, expending resources to aid countries that are more than capable of defending themselves. Over the next 10 years, the Military should be able to shave close to a trillion dollars by spending less to defend these countries. This would lead to less of a burden on U.S. taxpayers, and ultimately more security for all as other nations invest in their own defense.

Read more at The Hill.

Comments

Comments

  1. @LoudAmerican says:

    It’s not just progressives who are saying to pay FAIR taxes.
    Like earlier today on local news they were talking about electric costs will be going up … BUT stocks are returning better profits.

    … forget the poorer people for your low taxed returns and YOU WONDER why they vote Democrat?

    … of course you do! … as the profit margin has destroyed American economy by shipping jobs to poor countries for a PROFIT and illegals are allowed to remain here to force middle class wages down FOR PROFIT.

    I am all for profit – but ALL revenue needs to pay the same tax … it’s time to get back to JUSTICE and stop finagling the rescue of revenue for JUST US!

    This mentality is driving a wedge between one side from the other!

Polititainment

Foxx talks dancing with Christie, McCain
Who could possibly forget this epic photo? Late night host Jimmy Kimmel certainly hadn’t, so when he had the chance to interview actor Jamie Foxx Wednesday night, he simply had to get the back story. Foxx has been the host of this annual charity event for several years. “What’s interesting is that every year that […]
Jon Stewart on Christie's 'pig problem'

Jon Stewart got into Chris Christie’s “pig problem”—which wasn’t quite what Stewart thought it was at first.

Rogen: 'Amazing' to smoke in White House

Seth Rogen told The Hill in a recent interview that he believes he is now on a "list" of individuals banned on from President Obama's residence because of his recent tweet expressing his desire to smoke marijuana in the White House.

Kimmel's insightful e-card rant

Kimmel's broadside against e-cards raises an interesting point about the way Democrats have encouraged their followers to pass along birthday well-wishes to their party's elected officials and leaders.

Stewart hits Pelosi for hypocrisy
Jon Stewart hit Rep. Nancy Pelosi (D- Calif.) hard Tuesday night for her hypocrisy in a recent voting decision. “You are a recognized champion of women and voter rights,” Stewart started off, playing clips of her oft-repeated speeches on the topics. “Your voting and lady bonafides are unmatched.” So lucky for Rep. Tammy Duckworth (D- Ill.), […]

White House

Obama spurns GOP with expansive immigration orders

WASHINGTON (AP) — Spurning furious Republicans, President Barack Obama unveiled expansive executive actions on immigration Thursday night to spare nearly 5 million people in the U.S. illegally from deportation and refocus enforcement efforts on "felons, not families."

After multiple hacks, the federal government’s cybersecurity plan remains on hold

The federal government is not having the best time with cybersecurity of late.

Obama to announce executive action on immigration Thursday

President Obama announced Wednesday afternoon that he will unveil his unilateral plan for immigration reform to the nation in a primetime address Thursday.

Reports: Obama could unveil amnesty for illegal immigrants within days

President Obama is set to unveil a comprehensive, unilateral plan for immigration reform that includes amnesty as soon as next week, according to a report Thursday.

Obama on ‘Face the Nation': Congress still has time to act on immigration
After warnings from Sen. Mitch McConnell and Rep. John Boehner, President Obama claimed on Sunday’s “Face the Nation” that Congress still has time to act on immigration before his executive order comes down. “I’d prefer and still prefer to see it done through Congress, but every day that I wait we’re misallocating resources. We’re deporting […]

Congress

Rep. Bachmann finds the smoke-filled rooms of DC
Minnesota Congresswoman Michele Bachmann may be on her way out of Washington, but that didn’t stop her from finally finding her way to the often criticized smoke-filled rooms of DC. On Wednesday, the Congresswoman seemed to be enjoying her a last bit of recess down time with a cigar and a perfectly appropriate tweet. After […]
Rand suggests a wardrobe change for 'King' Obama
Sen. Rand Paul (R- Ky.) took to Facebook to suggest an Obama wardrobe change following the president’s comments that he will use the executive branch to push his immigration agenda. Post by Rand Paul. “This isn’t about immigration reform. This is about his usurping of power that the Constitution didn’t give him,” Paul said in an interview […]
Senator: 'There could be violence'

Retiring Oklahoma Sen. Tom Coburn has issued a stark warning about the fallout from President Obama's immigration plan.

Pro- and anti-NSA Republicans vote down reform

Senate Republicans banded together to kill a National Security Agency reform bill, but some did it for entirely opposite reasons.

The House hires an Obama voter to sue Obama

In an act that belongs in the trolling hall of fame, the House of Representatives has retained a lawyer who voted for President Obama and supports "national health care" to sue President Obama over Obamacare.