I urge you to read this and pass it on! This will kill our economy
Hard to believe! What is happening to us?
WATCH OUT - HERE IT COMES AND THERE GOES YOUR HARD EARNED MONIES - JUST SO THEY CAN SPEND IT
http://www.govtrack.us/congress/bill.xpd?bill=h111-4646
One percent transaction tax is proposed President Obama's finance team is recommending a transaction tax. His plan is to sneak it in after the November election to keep it under the radar. This is a 1% tax on all transactions at any financial institution. e. Banks, Credit Unions, extra. Any deposit you make, or move around within your account, i.e., transfer to, will have a 1% tax charged. If your pay check or your social Security or whatever is direct deposit, 1% tax charged. If you hand carry a check in to deposit, 1% tax charged, If you take cash in to deposit, 1% tax charged. This is from the man who promised that if you make under $250,000 per year, you will not see one penny of new tax.
Keep your eyes and ears open, you will be amazed at what you learn.
OK, here you are, be sure to check out H.R. 4646
2/23/2010--Introduced. SUMMARY
Debt Free America Act - States as purposes of this Act the raising of sufficient revenue from a fee on transactions to eliminate the national debt within seven years and the phasing out of the individual income tax. Amends the Internal Revenue Code to impose a 1% fee, offset by a corresponding nonrefundable income tax credit, on transactions that use a payment instrument, including any check, cash, credit card, transfer of stock, bonds, or other financial instrument. Defines "transaction" to include retail and wholesale sales, purchases of intermediate goods, and financial and intangible transactions. Establishes in the legislative branch the Bipartisan Task Force for Responsible Fiscal Action to review the fiscal imbalance of the federal government and make recommendations to improve such imbalance. Provides for expedited consideration by Congress of Task Force recommendations. Repeals after 2017 the individual income tax, refundable and nonrefundable personal tax credits, and the alternative minimum tax (AMT) on individuals. Directs the Secretary of the Treasury to: (1) prioritize the repayment of the national debt to protect the fiscal stability of the United States; and (2) study and report to Congress on the implementation of this Act.
THIS 1% in essence is going to be 2% because depositing = 1% and withdrawing = 1% (1+1 = 2%) THIS IS HAS GOT TO STOP. I urge you to write to your local representative urge them to go against this new proposed bill before it is too late!
Oh yeah and this new tax is supposed to get rid of our deficit in 7 years & eventually phase out the income tax!? That is the final wording I’ve found on that. Originally it was supposed to be to offset the bailouts that we gave the bank and other industries. Well if its to reduce the deficit then apparently the Obama administration can’t seem to do simple math. Based on last year's estimates of ($755 trillion in sales/transactions) the government will get over $7.5 trillion in revenue and that's not even including money from the 1% on deposits and withdraws, etc. that's just sales!!
Updated::
FRIEND COMMENT1:
I've got an idea...... let's limit the number of vacations our government takes in a year. Specifically Obama, oh, and reduce their salaries to the typical American salary, see if they can survive on it. That should bring the deficit down.
MY RESPONSE:
YES! How many vacations has this man been on this year alone? I think my dad and I counted 7... or 8!! & majority of it was in a span of 3 months I think because what he went to Maine, then his wife went to Spain while he went to Middle East area, then golf somewhere? That is a bunch of bullshit! You know if Bush did that he would have been burned at the stake, then brought back to life somehow and then crucified!! Idk how many vacations is normal for a President but come one I know 7 or 8 is way too much. I mean Bush got shit for going on vacations but apparently no one gives a shit about what Obama is doing! & then his wife going on her own vacation right after their family vacation!
You brought up salaries well I have to include this next part lol:
~~~~
I know many of you will say, "this is impossible". Let me remind you, Congress has the lowest approval of any entity in Government, now is the time when Americans will join together to reform Congress - the entity that represents us.
We need to get a Senator to introduce this bill in the US Senate and a Representative to introduce a similar bill in the US House. These people will become American heroes..
THIS SHOULD BE A NEW LAW/REFORM!! NEVER WILL BE BUT JUST FOR HUMOR!
.Congressional Reform Act of 2010
1. Term Limits: 12 years only, one of the possible options below.
A. Two Six-year Senate terms
B. Six Two-year House terms
C. One Six-year Senate term and three Two-Year House terms
***Serving in Congress is an honor, not a career. The Founding Fathers envisioned citizen legislators, serve your term(s), then go home and back to work.****
2. No Tenure / No Pension:
A congressman collects a salary while in office and receives no pay when they are out of office.
3. Congress (past, present & future) participates in Social Security:
All funds in the Congressional retirement fund moves to the Social Security system immediately. All future funds flow into the Social Security system, Congress participates with the American people.
4. Congress can purchase their own retirement plan just as all Americans.
5. Congress will no longer vote themselves a pay raise. Congressional pay will rise by the lower of CPI or 3%.
6. Congress loses its current health care system and participates in the same health care system as the American people.
7. Congress must equally abide in all laws they impose on the American people.
8. All contracts with past and present congressmen are void effective 1/1/11.
The American people did not make this contract with Congressmen; Congressmen made all these contracts for themselves.
~~~~~~~~~~~
Oh and just for humor check out this video
http://www.youtube.com/watch_popup?v=3JDT5vBQQr8&vq=medium
FRIEND COMMENT2:
Obama has taken a total of 7 vacations *that I know of* and on our watch or rather the failed stimulus packages (you know there's money "missing" fr...om some of them, gee wonder where it went). Also, Bush was burned sooooo badly about Katrina, yes, it was a horrible tragedy but look at the flood in Tennessee, and quite a few other disasters Obama has done nothing about. Celebrities helped clean up the flood in Tennessee where was Obama? On vacation. Where was the media slamming him for not doing anything about Tennessee or better yet, when he told them "no" when they asked for funds to clean up. The media is so fair isn't it? The media isn't bias at all, not one bit, right? (<--- sarcasm).
Wow, I didn't know that about the Congress, good to know :) Also, it's funny how Obama is going around promoting Senators, offering contests to voters so they can meet him. Has he done this in your state? He's done it in mine for Murray *vomits a little*, in my opinion it's the smartest thing he can do, so we know who NOT to vote for! I can't believe people still think this guy is doing a good job. It's not their fault though, they don't want to spend the time it takes to do research, and the news isn't a good source of truth. HAHAHAHA @ that video, amazing isn't it? I'm so posting that to my wall, hope you don't mind. Really annoying, how people still blame Bush when he's not in office anymore, but they figure Obama does it so why can't they? It's all Bush's fault, it had nothing to do with Clinton right? (*gasp* yes, I brought Clinton into this) The media makes me laugh, they say left wingers are bad, did you know that Nazi's were considered leftists? Socialism is a leftist idea... that's what Hitler wanted... funny isn't it?
MY RESPONSE:
Yeah, for sure money is missing! I mean its like they gave the money to a child asked them to bring back receipts but forgot to write down how much they gave the child, which then leaves a great room for error on a true measurement of how much money they spent. Does that make sense? They questioned the secretary in charge of the bailout money and someone asked how much is left or how much was distributed (I forget which question was asked) and the woman didn't even know she stuttered!!? Here she is in charge of the money and she doesn't even have a clue where it is, who it went to, how much was paid back, etc!!
Omg don't get me started on oil crisis in Gulf! well, too late..lol Obama handled that oil spill in the worst possible way. Instead of fixing the problem and then bitching at the people responsible, he bitches at them and does nothing to fix the problem. Plus nobody seems to recall that Obama sent the Swat Team to the oil rig and had them block it off for a good I think it was few hours but it may have been days and then just left the site without any disclosure as to what the hell they were there for. We, and by that I mean the US Navy, had the technology to fix that oil leak, over 40 years ago!! My dad was in the Navy in the 60's and said they had special equipment to fix leaks like that. There was also the 20 or so countries that offered to help us, countries like the Scandinavian countries that have the best, most advanced tech to fix oil spills because their area is much much rougher than the Gulf.
So what does our leader do? He says no!! Why? because of some stupid law in 1920's, Jones Act I believe its called. That states that no foreign ship can be in US waters unless the ship is under union control or owned by a US citizen. Really!!? He denied help that probably could have fixed it in less than a month because of a stupid law, that if you recall Bush signed an executive order to lift the Jones Act for a bit when the Alaskan oil spill happened. He had that situation under control in no time. Yeah, it was less oil and it was limited supply but it was also worse type of oil than the rig explosion, refined oil is very hard to breakdown naturally but crude oil straight from nature/unaltered can be absorbed by bacteria thus recovery time is essentially reduced. Which is why, now if you look at the area, the scientists are baffled by the lack of oil that they were initially saying was going to ruin the ecosystem for a very long time!
Anyways, Obama goes against help, sends attorneys to BP and pretty much starts an act of War against Britain (BP is British, so technically by attacking them with threats could constitute an act of war). Spends all this money trying to punish BP even though they claimed responsibility, Obama made it sound like we are punishing them by "making them pay for the damages" That was all bullshit from Obama's end, BP was already going to pay...and actually if anything Obama screwed investors and the income tax revenue and helped BP make money or at least not lose as much bc he forced them not to pay dividends (so money stays with company, & BP gets to write off a huge expense (great tax benefit. So yeah, in the end Obama wasted money fighting BP legally, didn't do shit to fix oil leak (as fast as he could anyways), ruined people's income from BP dividends. To be honest, I think he used the oil spill to further his political agenda against offshore drilling. Like "See, offshore drilling is bad, look what happened there". So I'm certain that Obama probably prolonged the leak as long as he could, while still looking like he was doing something (and by that I mean he talked which is all he's really good at). But I guess that's just me the weird, crazy, conspiracy nut..lol Wow, I just wrote alot lol.
The media doesn't cover anything anymore, never really did. We have all these different ways to get information and spread information more efficiently and yet the media fails to cover the most important topics, like the start of this thread the 1% tax (that's pretty huge!), or the true nature of the healthcare reform, and the Wall Street reform, or like you said Tennessee flood; but oh the great Obama can support Palestine when they have a flood!? or like you said go on vacation for the hundredth time! So a guy that claims to be American and for the people, is supporting that region more-so than his own country. Just where is allegiance? Doesn't seem like it's our country. Its not just him our government as a whole needs to stop hemorrhaging money to other countries as aid. We need it ourselves and the countries we give it to most of the time are against us!
About the video, yeah, I checked out a bunch of the pjtv.com stuff, its funny and informative. I like the Glenn Beck, Rush, and Coulter one by pjtv.com
Alright, I wrote enough for now lol...I am starting to miss spell as I type, probably a good sign that I'm tired. So I'm off to bed. It was nice sharing ideas again been too long. I'm glad I'm getting this out and you listening and contributing instead of ignoring me and saying I'm crazy...lol Well good night
