There is less than a year until the 2012 election, an election that will decide the next President of the United States . The person elected will be the president of all Americans, not just the Democrats or the Republicans.
To show our solidarity as Americans, let's all get together and show each other our support for the candidate of our choice. It's time that we come together, Democrats, Independents, and Republicans alike. If you support the policies and character of the Republican party, please drive with your headlights on during the day. If you support Obama, please drive with your headlights off at night.
Thank you, may God bless you, and God bless America .
How Do You Spell "Thug?"
Wednesday, February 1, 2012
Tuesday, January 31, 2012
FOOD, GAS, ELECTRICITY, AND NOW TAXES GO UP, UP, AND AWAAAAY
(CNSNews.com) - From the desk of "I TOLD you so!"
The amount of money the federal government takes out of the U.S. economy in taxes will increase by more than 30 percent between 2012 and 2014, according to the Budget and Economic Outlook published today by the CBO. In dollar terms, the anticipated increase in federal tax revenue from fiscal 2011 ($2.302 trillion) to fiscal 2014 ($3.313 trillion) is $1.011 trillion. That is an increase of 43.9 percent. From just 2012 to 2014, the increase in federal tax revenues from $2.523 trillion to $3.313 trillion equals $790 billion—or 31.3 percent. At the same time, according to CBO, the economy will remain sluggish, partly because of higher taxes.
The U.S. economy, CBO projects, will perform “below its potential” for another six years and unemployment will remain above 7 percent for another three.
“The pace of the economic recovery has been slow since the recession ended in June 2009, and the agency expects that the economy’s output will remain below its potential until 2018 and that the unemployment rate will remain above 7 percent until 2015.”
According to the CBO report, federal tax revenues equaled $2.302 trillion in fiscal 2011, and will increase to $2,523 trillion in fiscal 2012, $2,988 trillion in fiscal in 2013, and $3,313 trillion in 2014.
Federal tax revenues have averaged “about 18 percent of GDP for the past 40 years,” according to CBO. So, in the next two years federal tax revenues will rise from a level that is below the modern historical average to a level that is above it.
Ahhh, Hope and Change. And now, for you and yours, the bill is due.
neon leon
The amount of money the federal government takes out of the U.S. economy in taxes will increase by more than 30 percent between 2012 and 2014, according to the Budget and Economic Outlook published today by the CBO. In dollar terms, the anticipated increase in federal tax revenue from fiscal 2011 ($2.302 trillion) to fiscal 2014 ($3.313 trillion) is $1.011 trillion. That is an increase of 43.9 percent. From just 2012 to 2014, the increase in federal tax revenues from $2.523 trillion to $3.313 trillion equals $790 billion—or 31.3 percent. At the same time, according to CBO, the economy will remain sluggish, partly because of higher taxes.
WHAT'S WRONG IN THIS PICTURE?
The U.S. economy, CBO projects, will perform “below its potential” for another six years and unemployment will remain above 7 percent for another three.
“The pace of the economic recovery has been slow since the recession ended in June 2009, and the agency expects that the economy’s output will remain below its potential until 2018 and that the unemployment rate will remain above 7 percent until 2015.”
According to the CBO report, federal tax revenues equaled $2.302 trillion in fiscal 2011, and will increase to $2,523 trillion in fiscal 2012, $2,988 trillion in fiscal in 2013, and $3,313 trillion in 2014.
Federal tax revenues have averaged “about 18 percent of GDP for the past 40 years,” according to CBO. So, in the next two years federal tax revenues will rise from a level that is below the modern historical average to a level that is above it.
Ahhh, Hope and Change. And now, for you and yours, the bill is due.
neon leon
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