Most people refer to the lower income wage earning tax cuts as the "Middle Class" tax cuts, but I feel an uneasy sense of economic caste with that word, so I choose to use another, "Working Class", this more accurately identifies income earners, both individuals and small businesses making $250,000.00 yr. and below. These individuals make up 98% of the wage earners, and include 97% of the Small Businesses in the United States. So by extending the tax cuts for the working class this would cover nearly 100% of current workers and small businesses, but even that would be misleading and inaccurate because the working class cuts are in fact also enjoyed by wage earners of all levels on the first $250,00.00 / yr. of taxable income, so essentially 100% of taxpayers get a reduced tax rate on the first $250,000.00 earned.
by B. Channing Hillway, Ph.D.
The national financial crisis is the result of decades of right-wing propaganda, systematically moving our political system to serve the right wing, disabling regulation that should have protected the American people, allowing the financial elite to gather more wealth at taxpayer expense, victimizing a passive public unable to find its voice.
The Tea Party members of Congress, elected in campaigns funded by plutocrats, apparently believing that they actually represent the people of their states, have come to dominate the national conversation on taxes and spending. The ultimate goal of the plutocrats, in using the Tea Party members of Congress, is to fatally hamstring government. It is essential that Tea Party domination of the conversation be ended.
The difference between progressives and conservatives is progressives work toward the common welfare of all using the resources of those that accumulate resources to the benefit of no one but themselves (and they don't even use them for much of that since they just sit on those resources for the most part) and conservatives work toward protecting the interests of those that accumulate resources for the benefit of no one but themselves and deplete the resources available for the common welfare in building the military-industrial complex and sustaining a financial industry that sucks the middle class dry and keeps the poor impoverished. Conservatives are sick in their heads, inhumane and lacking compassion of any kind. They give to charities as a way of relieving their guilt because unlike progressives they never otherwise lift a finger to help their fellow human beings. Conservatives are contemptible and do not deserve the confidence of the consenting governed.
Elect A New Congress, super pac for all Americans, in co-operation with the both the Tea Party and Occupy Wall Street organizations of Dubuque, Iowa, today announced their endorsement of the Petition found at the Elect A New Congress website at http://electanewcongress.com/petition/#.UHI7wpEY82Q .
The Petition, which guarantees Liberty as the basis of the federal government, demands that every member of Congress commit themselves to reclaiming all the constitutional powers of Congress as described in Article I, sec. 8 & 9 of the U.S. Constitution, and placing the execution of those powers wholly within the Public Forum.
Liberty is a catalyst whose contagion is immediate, and the speed with which it changes government spending habits is difficult to comprehend; again, Liberty has been so devoid in American life for these past 100 years, cognitively, it is beyond current perceptions.
Picture an oil sheen in a pan of water that is hit with a drop of detergent. As quickly as the detergent has fallen, the oil will disperse and contract across the entire surface of the water upon contact. It’s effect is instant, and in all directions. Such is the impact of Liberty unleashed on government. As a catalyst, its effects are instant and sweeping in all directions.
Liberty is little understood, which is not surprisingly because Liberty has been so devoid in American life on an accelerating scale for at least the last 100 years.
Technically, Liberty is defined as a being a nation where the people rule over the government. This is only possible when the electors, in America’s case the Congress, that have been given the constitutional power over the nations business (Article I, sec 8&9), adhere to performing said powers exclusively within the “transparency of the public forum”.
When asked what he thought about the power and centralization wielded by the Federal Reserve Bank today, Paul Volcker, former chairman of the Federal Reserve who put an inflationary monster back in the bottle in the 1980's, had this to say when asked....
"Is too much being centered in the Federal Reserve now, should there be a different arrangement? I'm not ready to take it away from the Federal Reserve entirely, but it deserves a look, it deserves a review of how we have organized the regulatory system." - Paul Volcker
This blog, website, and author recommend the course of action laid out in our study of "The Orderly Removal and Replacement of the Federal Reserve Bank", that can be found on this blog. We'll be doing more studies, so we'll probably have to create a study report
The above title is from an article penned by a few geniuses from Ivy League Schools of Economics (George P.Schultz, Michael J. Boskin, John F. Cogan, Allen H. Meltzer, and John B. Taylor. Funny how they want to use their full names, almost like the article is something they are proud of having written.
This is my response: