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	<title>Comments on: Our Incompetent And Embarassing Government</title>
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	<link>http://www.ohiomm.com/blogs/da_kings_men/2008/05/05/our-incompetent-and-embarassing-government/</link>
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	<pubDate>Wed, 20 Aug 2008 10:57:06 +0000</pubDate>
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		<title>By: Da King</title>
		<link>http://www.ohiomm.com/blogs/da_kings_men/2008/05/05/our-incompetent-and-embarassing-government/#comment-3336</link>
		<dc:creator>Da King</dc:creator>
		<pubDate>Sat, 17 May 2008 12:40:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.ohiomm.com/blogs/da_kings_men/2008/05/05/our-incompetent-and-embarassing-government/#comment-3336</guid>
		<description>frank, 
The poverty statistics do not indicate an "explosion of poverty". Those numbers are still relatively low from a historical perspective, though there are definitely troubling signs at present and very troubling signs for the future. In the 50's and early 60's, those halcyon days of our burgeoning middle class, a much higher percentage of the population lived in poverty than do now, so we may want to remove the rose-colored glasses a little bit.

Taxing investment at a 90% rate is flat out wrong and immoral in a free society. That is the stuff of dictatorships. JFK knew that in 1960. Regardless, we can't go back to the world of the 1950's and early 60's even if we want to, that world is gone. Times change, and we have to change with them. That involves the creation of policies that will enable America to stay competitive in the world. The rest of the world has learned from America's success, caught up, and in some ways surpassed America (such as the Japanese auto industry or the Chinese taking over manufacturing). We can either adapt or watch our jobs and economy lag, resulting in a further erosion of the middle class. High tax rates and an oversized government are part of the problem. They are not a solution to anything. The idea is not to coalesce funds to Washington D.C. in order to create a larger welfare state. The idea is to thrive and compete. As the rest of the world embraces free markets and low corporate tax rates (lessons they learned from America), in our own country, we are shrinking from those things (one political party in particular). That is a counterproductive and regressive attitude. Witness the Democrats aversion to CAFTA, which only harms America by keeping an unfair tariff exchange in place for our exports. It is positively backwards thinking. 

FICA withholding has to keep increasing due to the scam nature of SS, as I have already pointed out. Ponzi schemes are not sound financial models. If we had a good SS plan, the rate would NEVER have needed to be increased. It's a ripoff.</description>
		<content:encoded><![CDATA[<p>frank,<br />
The poverty statistics do not indicate an &#034;explosion of poverty&#034;. Those numbers are still relatively low from a historical perspective, though there are definitely troubling signs at present and very troubling signs for the future. In the 50&#039;s and early 60&#039;s, those halcyon days of our burgeoning middle class, a much higher percentage of the population lived in poverty than do now, so we may want to remove the rose-colored glasses a little bit.</p>
<p>Taxing investment at a 90% rate is flat out wrong and immoral in a free society. That is the stuff of dictatorships. JFK knew that in 1960. Regardless, we can&#039;t go back to the world of the 1950&#039;s and early 60&#039;s even if we want to, that world is gone. Times change, and we have to change with them. That involves the creation of policies that will enable America to stay competitive in the world. The rest of the world has learned from America&#039;s success, caught up, and in some ways surpassed America (such as the Japanese auto industry or the Chinese taking over manufacturing). We can either adapt or watch our jobs and economy lag, resulting in a further erosion of the middle class. High tax rates and an oversized government are part of the problem. They are not a solution to anything. The idea is not to coalesce funds to Washington D.C. in order to create a larger welfare state. The idea is to thrive and compete. As the rest of the world embraces free markets and low corporate tax rates (lessons they learned from America), in our own country, we are shrinking from those things (one political party in particular). That is a counterproductive and regressive attitude. Witness the Democrats aversion to CAFTA, which only harms America by keeping an unfair tariff exchange in place for our exports. It is positively backwards thinking. </p>
<p>FICA withholding has to keep increasing due to the scam nature of SS, as I have already pointed out. Ponzi schemes are not sound financial models. If we had a good SS plan, the rate would NEVER have needed to be increased. It&#039;s a ripoff.</p>
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		<title>By: frank</title>
		<link>http://www.ohiomm.com/blogs/da_kings_men/2008/05/05/our-incompetent-and-embarassing-government/#comment-3327</link>
		<dc:creator>frank</dc:creator>
		<pubDate>Fri, 16 May 2008 19:08:12 +0000</pubDate>
		<guid isPermaLink="false">http://www.ohiomm.com/blogs/da_kings_men/2008/05/05/our-incompetent-and-embarassing-government/#comment-3327</guid>
		<description>Mr. King,
  The reason that the rich are paying a higher percentage of the total income tax burden is because of the explosion of poverty and the ongoing destruction of the middle class.  In other words, it is the result of the number of wealthy and the poor having grown and the number of middle class having been reduced.  As individuals, the wealthy have had their rate cut to a third of what it was forty years ago.  The wealthy whose income is derived from investments has had their rates cut from 90% to 15%.  FICA witholding has been doubled, sales taxes have tripled, and property taxes have all risen above the rate that wages have risen.</description>
		<content:encoded><![CDATA[<p>Mr. King,<br />
  The reason that the rich are paying a higher percentage of the total income tax burden is because of the explosion of poverty and the ongoing destruction of the middle class.  In other words, it is the result of the number of wealthy and the poor having grown and the number of middle class having been reduced.  As individuals, the wealthy have had their rate cut to a third of what it was forty years ago.  The wealthy whose income is derived from investments has had their rates cut from 90% to 15%.  FICA witholding has been doubled, sales taxes have tripled, and property taxes have all risen above the rate that wages have risen.</p>
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		<title>By: Da King</title>
		<link>http://www.ohiomm.com/blogs/da_kings_men/2008/05/05/our-incompetent-and-embarassing-government/#comment-3297</link>
		<dc:creator>Da King</dc:creator>
		<pubDate>Wed, 14 May 2008 15:05:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.ohiomm.com/blogs/da_kings_men/2008/05/05/our-incompetent-and-embarassing-government/#comment-3297</guid>
		<description>frank, 
There is no shifting tax burden, unless you mean the burden shifting towards the rich. The wealthiest segment of our population is paying a higher percentage of the tax burden than ever. You won't see that by looking at tax table rates, but you will see it by looking at federal revenue data. The lowest half of earners pay nearly nothing in the way of income tax (though, as I said, high taxes get passed down to the little guys in other ways).

We agree that neither party is fiscally responsible, but we disagree that Democrats are more responsible than Republicans. In general, that is false. It's not even close. If you are talking specifically about Bush, however, then you have a point. 

Dems spend like the wind. Look at any bill that comes up in Congress and you will see the Dems advocating more spending than the Republicans. The one exception to that is defense spending.

The fact that Congress spends our SS funds IS the problem. That's the crime. It nullifies the Trust Fund and turns the SS payroll tax into an ordinary hidden income tax, and SS into an ordiany hidden welfare program.  

And when government says it guarantees SS monies, all that means is that they can force us taxpayers to bail their scam out at some point in the future. That is a second crime, necessary to cover up the initial crime.</description>
		<content:encoded><![CDATA[<p>frank,<br />
There is no shifting tax burden, unless you mean the burden shifting towards the rich. The wealthiest segment of our population is paying a higher percentage of the tax burden than ever. You won&#039;t see that by looking at tax table rates, but you will see it by looking at federal revenue data. The lowest half of earners pay nearly nothing in the way of income tax (though, as I said, high taxes get passed down to the little guys in other ways).</p>
<p>We agree that neither party is fiscally responsible, but we disagree that Democrats are more responsible than Republicans. In general, that is false. It&#039;s not even close. If you are talking specifically about Bush, however, then you have a point. </p>
<p>Dems spend like the wind. Look at any bill that comes up in Congress and you will see the Dems advocating more spending than the Republicans. The one exception to that is defense spending.</p>
<p>The fact that Congress spends our SS funds IS the problem. That&#039;s the crime. It nullifies the Trust Fund and turns the SS payroll tax into an ordinary hidden income tax, and SS into an ordiany hidden welfare program.  </p>
<p>And when government says it guarantees SS monies, all that means is that they can force us taxpayers to bail their scam out at some point in the future. That is a second crime, necessary to cover up the initial crime.</p>
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		<title>By: Charlei Miller</title>
		<link>http://www.ohiomm.com/blogs/da_kings_men/2008/05/05/our-incompetent-and-embarassing-government/#comment-3290</link>
		<dc:creator>Charlei Miller</dc:creator>
		<pubDate>Wed, 14 May 2008 05:55:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.ohiomm.com/blogs/da_kings_men/2008/05/05/our-incompetent-and-embarassing-government/#comment-3290</guid>
		<description>Could not agee with you more..</description>
		<content:encoded><![CDATA[<p>Could not agee with you more..</p>
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		<title>By: frank</title>
		<link>http://www.ohiomm.com/blogs/da_kings_men/2008/05/05/our-incompetent-and-embarassing-government/#comment-3285</link>
		<dc:creator>frank</dc:creator>
		<pubDate>Tue, 13 May 2008 17:00:35 +0000</pubDate>
		<guid isPermaLink="false">http://www.ohiomm.com/blogs/da_kings_men/2008/05/05/our-incompetent-and-embarassing-government/#comment-3285</guid>
		<description>Mr. King,
  Concurrent with the shifting tax burden, there has been an explosion in poverty, especially the working poor.  Neither party is fiscally responsible, but the democrats at least seek spending cuts to offset new spending.  By default, the democrats are more responsible.
  I know of no corruption within the system other than the mingling of funds with the general revenue of the government.  This accounting scam allows administrations to include SS receipts as income without counting the expense.  However, this also means that the government guarantees SS outlays.  In other words, our government would have to be in default for SS to fail.  One can only hope that government will pay its internal creditors first.</description>
		<content:encoded><![CDATA[<p>Mr. King,<br />
  Concurrent with the shifting tax burden, there has been an explosion in poverty, especially the working poor.  Neither party is fiscally responsible, but the democrats at least seek spending cuts to offset new spending.  By default, the democrats are more responsible.<br />
  I know of no corruption within the system other than the mingling of funds with the general revenue of the government.  This accounting scam allows administrations to include SS receipts as income without counting the expense.  However, this also means that the government guarantees SS outlays.  In other words, our government would have to be in default for SS to fail.  One can only hope that government will pay its internal creditors first.</p>
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		<title>By: Da King</title>
		<link>http://www.ohiomm.com/blogs/da_kings_men/2008/05/05/our-incompetent-and-embarassing-government/#comment-3249</link>
		<dc:creator>Da King</dc:creator>
		<pubDate>Mon, 12 May 2008 12:00:09 +0000</pubDate>
		<guid isPermaLink="false">http://www.ohiomm.com/blogs/da_kings_men/2008/05/05/our-incompetent-and-embarassing-government/#comment-3249</guid>
		<description>frank, 
I think you tried to turn the tables on me. If you want to talk about how the middle class tax burden has risen tremendously over the last 50 years, then I am wholeheartedly in agreement with you. I am completely IN FAVOR of reducing that burden. It's one of the central tenets of my political philosophy. We can't have liberty without it.

You will NEVER get there by voting for liberal Democrats though, frank. Dem policy is antithetical to limiting government, which is what must happen in order to have low taxes and economic prosperity. It won't be long until all the entitlement programs swallow up the whole federal budget, requring more enormous tax increases. Yet, when you listen to the current Dem presidential candidates, they talk about more and more and more federal spending. They will bury us. The Dem "tax the rich" talking point is just a charade. You surely know that. Those taxes get passed right back down to the little guy quicker than you can blink. It's a fool's paradise. High taxes only make America less competitive. We used to have nearly the lowest corporate tax rates in the world. Now we have nearly the highest. Our rates didn't really rise that much, but the rest of the world learned and lowered their rates to gain a competitive advantage. We didn't learn, and we're paying the price.

Regarding SS, we have financial manipulation and corruption extraordinaire now with SS, so what would be different, other than the money would actually earn interest and grow ? I don't see the problem of private investment as being that big. The government could still back it, and the investments would have to be conservative and long term. Needless to say, we wouldn't invest it in pork belly futures or anything of that nature. In fact, I see SS privatization as being a big boon to our economy. I think opponents are mostly engaging in scare tactics, because the big government types don't want their scam to end. It covers up the extent of their criminality. The people who have their mitts on our SS money now don't want to let it go, that's for certain. We are going to have to disagree on SS privatization. There is no more risk to doing that than there is to SS now. Only in case of an absolute american financial meltdown would SS monies be threatened, and they would be threatened whether they were invested privately or not. The US government isn't going to let our banking system collapse unless the US government is itself collapsing.

I agree with you on the unemployment figures. They are bogus. In theory, if the entire country was unemployed for over six months, the unemployment rate would be 0%. I don't see any real bad intent there on the government's part, however. The unemployment figures signify a trend in motion, so they are useful, if only in the short term.</description>
		<content:encoded><![CDATA[<p>frank,<br />
I think you tried to turn the tables on me. If you want to talk about how the middle class tax burden has risen tremendously over the last 50 years, then I am wholeheartedly in agreement with you. I am completely IN FAVOR of reducing that burden. It&#039;s one of the central tenets of my political philosophy. We can&#039;t have liberty without it.</p>
<p>You will NEVER get there by voting for liberal Democrats though, frank. Dem policy is antithetical to limiting government, which is what must happen in order to have low taxes and economic prosperity. It won&#039;t be long until all the entitlement programs swallow up the whole federal budget, requring more enormous tax increases. Yet, when you listen to the current Dem presidential candidates, they talk about more and more and more federal spending. They will bury us. The Dem &#034;tax the rich&#034; talking point is just a charade. You surely know that. Those taxes get passed right back down to the little guy quicker than you can blink. It&#039;s a fool&#039;s paradise. High taxes only make America less competitive. We used to have nearly the lowest corporate tax rates in the world. Now we have nearly the highest. Our rates didn&#039;t really rise that much, but the rest of the world learned and lowered their rates to gain a competitive advantage. We didn&#039;t learn, and we&#039;re paying the price.</p>
<p>Regarding SS, we have financial manipulation and corruption extraordinaire now with SS, so what would be different, other than the money would actually earn interest and grow ? I don&#039;t see the problem of private investment as being that big. The government could still back it, and the investments would have to be conservative and long term. Needless to say, we wouldn&#039;t invest it in pork belly futures or anything of that nature. In fact, I see SS privatization as being a big boon to our economy. I think opponents are mostly engaging in scare tactics, because the big government types don&#039;t want their scam to end. It covers up the extent of their criminality. The people who have their mitts on our SS money now don&#039;t want to let it go, that&#039;s for certain. We are going to have to disagree on SS privatization. There is no more risk to doing that than there is to SS now. Only in case of an absolute american financial meltdown would SS monies be threatened, and they would be threatened whether they were invested privately or not. The US government isn&#039;t going to let our banking system collapse unless the US government is itself collapsing.</p>
<p>I agree with you on the unemployment figures. They are bogus. In theory, if the entire country was unemployed for over six months, the unemployment rate would be 0%. I don&#039;t see any real bad intent there on the government&#039;s part, however. The unemployment figures signify a trend in motion, so they are useful, if only in the short term.</p>
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		<title>By: frank</title>
		<link>http://www.ohiomm.com/blogs/da_kings_men/2008/05/05/our-incompetent-and-embarassing-government/#comment-3232</link>
		<dc:creator>frank</dc:creator>
		<pubDate>Sat, 10 May 2008 22:11:07 +0000</pubDate>
		<guid isPermaLink="false">http://www.ohiomm.com/blogs/da_kings_men/2008/05/05/our-incompetent-and-embarassing-government/#comment-3232</guid>
		<description>Mr. King,
  I was using those numbers as an example.  And I realize that the rate that matters is the effective rate, tax divided by income.  While the extremely poor have been given some relief, it is the wealthy who have truly benefited from changes made in income taxation over the last 50 years.  The middle class burden has changed little as any cuts were generally offset by removal of deductability of expenses.  It is in other areas that the middle class is being taxed to death.  SS witholding, sales tax, property tax, etc. have all increased dramatically while wages have remained stagnant.
  You are much too intelligent to believe that the power to distribute so much SS money into investment would not lead to financial manipulation and corruption.  Please read Kevin Phillips' article in the May issue of Harper's.  It explains the ways that various administrations have manipulated the economic data and what the true figures are.  The classic one is the person who drops off the unemployment roles after six months.
  As I tried to indicate previously, I look at the benefits of SS more broadly than my personal financial return.  For these reasons, the risks of privatizing SS are too great.
  What I have learned from observing politics over forty or so years is that no administration wants to diminish the power of government for obvious reasons.  So, it becomes a question of who benefits from the application of said power.  While I'm sufficiently impressed in government's inability to do things, I'd rather the government err on the side of the consumer than the producer, on behalf of the worker rather than the investor, on behalf of its citizens rather another's government.  If conservatives really want to shrink the size  government, they/we should begin by insuring that government works for the best and most of the governed.</description>
		<content:encoded><![CDATA[<p>Mr. King,<br />
  I was using those numbers as an example.  And I realize that the rate that matters is the effective rate, tax divided by income.  While the extremely poor have been given some relief, it is the wealthy who have truly benefited from changes made in income taxation over the last 50 years.  The middle class burden has changed little as any cuts were generally offset by removal of deductability of expenses.  It is in other areas that the middle class is being taxed to death.  SS witholding, sales tax, property tax, etc. have all increased dramatically while wages have remained stagnant.<br />
  You are much too intelligent to believe that the power to distribute so much SS money into investment would not lead to financial manipulation and corruption.  Please read Kevin Phillips&#039; article in the May issue of Harper&#039;s.  It explains the ways that various administrations have manipulated the economic data and what the true figures are.  The classic one is the person who drops off the unemployment roles after six months.<br />
  As I tried to indicate previously, I look at the benefits of SS more broadly than my personal financial return.  For these reasons, the risks of privatizing SS are too great.<br />
  What I have learned from observing politics over forty or so years is that no administration wants to diminish the power of government for obvious reasons.  So, it becomes a question of who benefits from the application of said power.  While I&#039;m sufficiently impressed in government&#039;s inability to do things, I&#039;d rather the government err on the side of the consumer than the producer, on behalf of the worker rather than the investor, on behalf of its citizens rather another&#039;s government.  If conservatives really want to shrink the size  government, they/we should begin by insuring that government works for the best and most of the governed.</p>
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		<title>By: larry d.</title>
		<link>http://www.ohiomm.com/blogs/da_kings_men/2008/05/05/our-incompetent-and-embarassing-government/#comment-3228</link>
		<dc:creator>larry d.</dc:creator>
		<pubDate>Sat, 10 May 2008 18:05:19 +0000</pubDate>
		<guid isPermaLink="false">http://www.ohiomm.com/blogs/da_kings_men/2008/05/05/our-incompetent-and-embarassing-government/#comment-3228</guid>
		<description>Old bumbling Bush is looking better every day, considering the candidates to replace him.</description>
		<content:encoded><![CDATA[<p>Old bumbling Bush is looking better every day, considering the candidates to replace him.</p>
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		<title>By: Ghost of Vince Foster</title>
		<link>http://www.ohiomm.com/blogs/da_kings_men/2008/05/05/our-incompetent-and-embarassing-government/#comment-3226</link>
		<dc:creator>Ghost of Vince Foster</dc:creator>
		<pubDate>Sat, 10 May 2008 15:11:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.ohiomm.com/blogs/da_kings_men/2008/05/05/our-incompetent-and-embarassing-government/#comment-3226</guid>
		<description>The housing bailout is absurd. It is spit in the face of some 95% of the homeowners who were prudent. 

At least Bush says he'll veto it.</description>
		<content:encoded><![CDATA[<p>The housing bailout is absurd. It is spit in the face of some 95% of the homeowners who were prudent. </p>
<p>At least Bush says he&#039;ll veto it.</p>
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		<title>By: Da King</title>
		<link>http://www.ohiomm.com/blogs/da_kings_men/2008/05/05/our-incompetent-and-embarassing-government/#comment-3220</link>
		<dc:creator>Da King</dc:creator>
		<pubDate>Sat, 10 May 2008 12:58:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.ohiomm.com/blogs/da_kings_men/2008/05/05/our-incompetent-and-embarassing-government/#comment-3220</guid>
		<description>Vince,
What you point out here regarding the Obama/Dem policies is what McCain has to point out to the people before the november elections (but I doubt he is the right guy to do it). If the people actually understood the ramifications of the policies Obama was going to pursue, they would not vote for him. Imagine if the economy is still in an economic slowdown, and then Obama and the Dems take control and start tons of new federal spending and enormous increases in taxation, as they WOULD do. It would be like putting a match to gasoline. Our economy would be devastated. As you correctly stated on another thread, the growth of entitlements is going to bury us, and the Dems only promise more and more and more until the corpse of america is rotting in the grave. Then the socialist buzzards will take over. The Dems solution to EVERYTHING is more government involvement, more government power, more spending, more taxes (witness the  taxpayer backed housing bailout, one of the worst ideas ever - putting taxpayers on the hook for $300 billion in mortgage loans that everyone knows are already bad loans. Unbelievably irresponsible). Unfortunately, the Republicans don't have the backbone to fight back hard enough. If the Republicans had any courage, they would be shutting Congress down over this proposed housing bailout.</description>
		<content:encoded><![CDATA[<p>Vince,<br />
What you point out here regarding the Obama/Dem policies is what McCain has to point out to the people before the november elections (but I doubt he is the right guy to do it). If the people actually understood the ramifications of the policies Obama was going to pursue, they would not vote for him. Imagine if the economy is still in an economic slowdown, and then Obama and the Dems take control and start tons of new federal spending and enormous increases in taxation, as they WOULD do. It would be like putting a match to gasoline. Our economy would be devastated. As you correctly stated on another thread, the growth of entitlements is going to bury us, and the Dems only promise more and more and more until the corpse of america is rotting in the grave. Then the socialist buzzards will take over. The Dems solution to EVERYTHING is more government involvement, more government power, more spending, more taxes (witness the  taxpayer backed housing bailout, one of the worst ideas ever - putting taxpayers on the hook for $300 billion in mortgage loans that everyone knows are already bad loans. Unbelievably irresponsible). Unfortunately, the Republicans don&#039;t have the backbone to fight back hard enough. If the Republicans had any courage, they would be shutting Congress down over this proposed housing bailout.</p>
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