Payroll Tax Cut, Unemployment Extension
House GOP To Extend Payroll Tax Cut Without Offsets http://tpm.ly/zCrGLc
reduction of the payroll tax from 6.2% to 3.1% of wages. Cost: $187 billion.
extension of unemployment, Doctors Fix: Cost $78 Billion
Taxpayer Cost $265 billion
FY2011 Interest On Public Debt $266 billion
Payroll Tax Cut two months cost $20 billion
extension of unemployment, Doctors Fix: two months $13 Billion
reduction of the payroll tax from 6.2% to 4.2% of wages. Taxpayer Cost: $121 billion.
Extends unemployment benefits, reduces from 99 to 59 weeks. Cost: $34 billion.
Doctors Fix - 1% increase for 2012 and 2013. Cost: $39 billion.
we, Americans, should first focus on caring for those not working;
Americans, who are working, do not need a tax cut,
nearly as much as:
Americans, not working, need sustenance....
The Federal Unemployment Bailout Cost has risen to $492 billion
FY2007 37; FY2008 47; FY2009 120; FY2010 162; FY2011 126 = Taxpayer Cost $492 Billion
Jobless Tap Social Security Disability Fund http://on.wsj.com/sOQzhZ
GOVERNMENT BLS EMPLOYMENT NUMBERS http://bit.ly/s7fWeU
Our National Debt will hit 16 Trillion in Sept, 2012
Revenues, Spending, Deficit, Debt GDP %ages
....................IN TRILLIONS.................PERCENTAGE OF GDP
YEAR....REV..SPDG...DEFICIT....DEBT. ...GDP. ..REV...SPDG..DEFICIT
FY2008 2.524 2.983 = 0.459 = 10.0247 14.441 17.5% 20.7% 03.2%
FY2009 2.105 3.518 = 1.413 = 11.9098 14.258 14.8% 24.7% 09.9%
FY2010 2.162 3.456 = 1.294 = 13.5616 14.530 14.8% 23.6% 08.8%
FY2011 2.302 3.601 = 1.299 = 14.7903 14.800e15.6% 24.3% 08.8%
National Debt Daily
FY2012 x.xxx x.xxx = 1.200 = 15.9903 xx.xxx xx.x% xx.x% 08.8% CBO SCORED
“There are two ways to conquer and enslave a nation. One is by
the sword, the other is by debt.” ~John Adams http://bit.ly/jnfQMr
DO NOT ALLOW AMERICA TO BECOME ENSLAVED
11.5% (266 billion) of our Total FY2011 Federal Revenues of $2.302 Trillion
was consumed by Interest on our Growing Public Debt http://bit.ly/fvTvZr
CBO: Net Interest on the Public Debt is increasing at a rate of 6.0% in FY2012
as compared to FY2011 http://1.usa.gov/oMxpTh
CBO: Net Interest on the Public Debt increased 16.7% in FY2011
as compared to FY2010 http://1.usa.gov/noKMHy
A SIGN OF THINGS TO COME
Debt Interest http://bit.ly/fvTvZr
there should not be a payroll tax cut for anybody;
allow the existing payroll tax cut to expire;
there should, instead, be a tax increase on the wealthiest among us ....
The Top 1% http://bit.ly/jd8Gqp
Federal Income Tax 1994-2009 http://bit.ly/fa3K6T
DEAL WITH THE REAL ISSUES. http://bit.ly/uVqmHB
@Regaining Our Freedom, Property of, We, The People