Taxpayers should support shutting down the Government if spending is not cut now. The GOP House speaker cannot even get the Progressive Democrats to agree to cut 2% off of Obama's 2012 Budget with a $1.65 TRILLION deficit.
Under President Obama's own budget and from his own projections, he will create more national debt from when he took office in January 2009 through 2019 than all other prior American presidents combined. The Federal government and spending is out of control where millions of small business owners will be crushed from higher taxes and the falling value of the US Dollar. The large multi-billion companies will survive as they make political contributions to both sides of the Congressional Isle for government grants and contracts. The bottom 48% of the nation pays no federal income taxes, while the top 10%, who are primarily business owners (employers), are paying 74% of all federal income taxes today.
The Progressive Democrats want to increase taxes on these same employers. However, multi-national companies like General Electric own both political parties and receive billions of dollars in government contracts. General Electric earns billions in profits per year but pays anywhere from 0% to 3% in Federal Income Taxes. This compares to the business owner who earns $250,000 per year in paying 38%+ in Income Taxes alone. The problem is not the the individual who earns $250,000+. The problem is that the large multi national companies are not paying enough Income Taxes. The solution is that the first $20,000 for a business or individual should be tax free. After the first $20,000 of income, then there should be a flat 25% tax for all businesses and individuals, regardless of your income. This tax structure would create private sector jobs, expand the economy and increase tax revenues to the local and federal governments.
If taxpayers do not speak out soon, then the American Dream will end very quickly.
We all should send a message to shut down 50% of the Federal Government until at least 20% is cut from Obama's proposed 2012 Budget. In 2006 we had a $161 Billion Federal Deficit. In 2008, it was $420 Billion. Last year the Federal Deficit reached a whopping $1.3 Trillion, and in 2012 it is projected to be $1.65 Trillion as the Congress has grown the size of Government by 23% in two years. In a matter of 3 years our National Debt has soared by $4.2 Trillion or about 40%. In 1998, the Republican Congress passed a budget of $1.8 Trillion which generated a surplus.
Under the Obama Budget today, the government is about to lose more money in just one year than the entire 1998 Federal Budget. Now, President Obama and the Progressives are name calling against anyone who supports to even cut 2% of of the 2012 budget? Frankly, if the GOP Leadership even tries to claim that a 2% budget cut is a victory, then all political hell will break out from the core of the Tea Party and Republican base.
We need to cut $1 Trillion from the 2012 budget. That would create a $650 Billion deficit next year. However, there is very little support from either political party to tell the taxpayers the truth about the poor financial condition of the government. In result, the Federal Government will eventually have a full financial meltdown. It may take another four years to occur, but the GOP has no interest in balancing the budget and reducing federal debt unless the Tea Party Movement replaces the Progressive Republicans with Fiscal Conservative Republicans.
There is massive corruption in Government and it is time to get a handle on this. "We the People" are standing up. Veterans, Military, Homeland Security, Medicare, National Security,Social Security and some other departments will not stop if the Government shuts down. We keep these departments funded in the shut down. All other departments would have no pay pay offs for 2 to 8 weeks while Congress passes a real budget with real budget cuts. The world will not end. Congress can shut down about 50% of the the Government for 2-8 weeks and it will not harm the country at all. The Treasury has about $2.3 Trillion in tax income to pay these current expenses with.
We either deal with this issue now, or we endorse the same old lies and fraud by both political parties. The Tea Party / Americans for Freedom Movement has worked very hard to put the GOP back into power. Let us not screw this up and give GOP a full pass after the elections. We tried that before - Remember? It is the Tea Party / Americans For Freedom Movement across the country that is slowing down the Socialist Movement. Keep the momentum going!
The Federal Government is bankrupt. Anyone claiming that this is not accurate has never run a business before. If the Government was traded on the New York Stock Exchange, it's stock would be delisted and the assets would be sold at auction. That is how bad the national debt and ongoing annual red ink of our government is today. This has been projected to occur since 1978 due to the over promised Labor Union benefits, entitlement programs, and wasteful spending. We either protect Social Security today or we allow it to crash in about fifteen years where 75 year old retirees are forced to take cuts. If we act today, people who are 55 and older can be 90% to even 100% protected from future benefit cuts.
If you do not speak out and get involved, then who will?