Not a paddle in sight, and they’re playing the theme from Deliverance…
Y’all pretty much know what I think about Sequestration, but now with the fiscal ‘cliff’ negotiations (read more campaign stops); I think we’re truly screwed and not going to get kissed either.
The dems are just flat refusing to budge on any ‘cuts’ to entitlements, and now the Prez is out campaigning for the ‘little people’ (read unions) to back him. Now I did read all of the WH sequestration package, and ALL the cuts come from Defense and Medicare/Medicaid. Not a single program that “I” would call an entitlement is listed (those include 99 week unemployment, food stamps forever, welfare, “free” phones, etc.)
A number of years ago (1996-7), Wisconsin did away with Welfare and did ‘workfare’ called “Wisconsin Works”; one report on it can been found HERE. The usual hate and discontent ensued, until people realized there was NO option, and in looking at the numbers, it appeared 44% failed to convert because they expected the gov’t to do it for them.
Another interesting part is the fact that the number of ‘self-reported’ disabilities skyrocketed, and lots of folks LEFT Wisconsin for neighboring states. Another good report is HERE on the Temporary Assistance to Needy Families (TANF) which was the program to limit welfare/workfare to 5 years…
Now, we have THIS from Obummer’s crowd… No requirement to work, no time limits, etc.
And I haven’t heard the first peep about re-looking at any foreign aid packages either…
And let’s not forget taxes… And the whole Alternate Minimum Tax (AMT) issue… That is not just for folks above $200K; it does impact people at the $50k income level.
Forbes Magazine does a pretty good job of explaining the issues HERE.
And the latest ‘tactic’ from the WH is to press to ‘vote’ on the tax relief “now” and discuss spending cuts “later”…
Now does anybody believe THAT will really happen???
I don’t… I think they are going to run us off that cliff, raise taxes, gut the military and probably Social Security (since they don’t contribute, why should those of us that DID get anything), and go right on spending this country into a third world country…
I believe we will see the USA be downgraded to (if we’re lucky) AA rating, and I’m betting we’ll see hyperinflation in the next two years. I just hope it’s not as bad as Argentina (reference HERE).
And we will not be able to service the debt on the loans to China et al, because the rates will be higher (that pesky rating)…
And will have no military capable of actually responding to any crisis, nor will we have the capability (either engineering or manufacturing) to replace anything in a timely fashion. I also believe the service industry will go in the tank, because people won’t be able to PAY for those services…
Think what a $3700 tax increase, plus $70-100/mo Obamacare costs will do to your ‘current’ disposable income. Now factor in let’s say 10% inflation, and say you were making $100,000. Now you ‘need’ $110,000 just to stay even, but now you only have $96,300- $1200, so now you’re down to $95,100.
But wait, your employer decides your health care is too expensive, so they cut you to 29 hours from that 40 hours you were getting…
EDIT- Peter has a post up on that very subject HERE.
$72,500-$3700-$1200, so now you’re down to $67,600… BUT to maintain that lifestyle you were accustomed to you need $110,000…
So how are you going to pay that maid, pool boy, eat out 3-4 days a week??? Or pay child care??? Or those two new car payments, or that house you’re upside down in???
Think this isn’t a possibility? This week a friend of mine in the defense industry just got her contract hours cut by 50% on her job (and was told take it or leave it), another friend is being laid off on Friday, and I’m hearing that some agencies are ‘accelerating’ their ‘mandated’ 30% cuts in support/contractor personnel by not funding them in CY 2013.
I would go drink heavily, but I just realized in the choice between booze and gas, I better do gas… sigh…
Kicking the soapbox back in the corner, and sorry to be such a downer…
Am I totally wrong here??? PLEASE tell me I’m wrong… Sigh