Thursday, July 7, 2011

What is the real issue here?

 I have read a number of different articles on this so called budget meeting Obama has decided needs to be done by the 2nd of Aug. First let me start by saying huh? In the c-span  it mentioned how Pres. Obama felt as though the meeting was constructive. Ok, so what does that mean for me exactly? I kind of like the sound of the Cut, Cap and Balance act but what is exactly are we cutting? I understand the cap on federal spending but what programs funded by the federal goverment will have a cap? All of this has made me a little more interested in what is going on with our government. I thought everything that happened in america was in some way taken care of by my government who I feel is suppose to protect me. I'm not so sure I feel protected. Democratic leader Nancy Pelosi said  Democratic caucus will reject cuts to Social Security and Medicare as a way to balance the budget. “Do not consider social security a piggy bank for the wealthy,” . At least thats good to know. My great grandmother will be covered for a while, but even she has stated that with what she gets a month for SS she has to determine what meds are most important. I think with that statement alone, I think the democratic caucus is doing a good thing for our elderly.
 On a different note I also read a statement made by Orrin Hatch in think progress that said  the poor and middle class needed to shoulder a bigger part of the tax burden, ".  This is the kind of idiotic thing that pisses me off. He also complained that 51 percent of Americans don’t pay income taxes and hinted that what the poor and middle class pay in payroll taxes doesn’t count as a contribution since it goes toward Social Security. Really is all I have to say to that. The last time I look at my payroll deductions it had both federal, and ss taxes on it. and my federal taxes were more than my Social Security taxes. I do believe this was really an idiotic statement. I have three children of my own and with my income alone I am told I am over the low income line. So I pay in addition to my taxes from payroll, 160 dollars minimum a month for my kids just to eat breakfast, and lunch. That amount is only for two of my kids. I pay 706 Dollars a month for daycare for my youngest. So for Sen. Hatch to make those comments makes me upset. No I may not pay taxes at the end of the year but the money I make all year is never really seen. Nor does it add up to the amount I spend a year for my children.  I don't really mind paying the Social Security tax because this is how my great grandmother is able to support herself, but on the other hand I do think that its crazy that I will have to work til I'm 102 to be able to support myself because Social Security for me will be no more! If I could say one thing to Mr Hatch it would be it's funny how you make a big deal about what the wealthy will have to contribute to america to help, when the low and middle class are suffering and trying to figure out how they are going to be able to pay for the essentials in life and how how much they will need to fill up a private jet!

Tuesday, July 5, 2011

Finanial woes of the US poor vs wealthy

Today in the Austin American Statesmen an article titled "Obama summons GOP, say no to short term debt deal."  In this article that mention how Obama is calling members of congress to the white house to discuss a bill he wants passed by Aug 2. Republicans are totally upset and wanting to vote against what Obama is asking for and the Democrats are willing to vote for it but of course with some type of stipulation. What stood out to me the most was the fact that the bill Obama is wanting to pass would increase the taxes for the wealty.  In our textbook we read that there is still a big gap between the wealthy and the poor. Even though we all dress the same ( partial thanks to ebay) financially we are no where near being equal at all. Sometimes I feel as though the republicans are in fact the wealthy people so of course they don't want to pay more taxes, why on earth would they be up for that. The fact of the matter is budget cuts may in fact mean that alot of our congressional representatives would also have to cut down on personal spending. And why shouldn't they, from what I can tell they have taxed me as much as they can at this point. If I had to put me and my husband in a tax bracket i would say we are definately middle class. Even so I feel as though some of the taxes they applied to business where just passed down to me as a consumer so how exactly does it affect buisnesses. Groceries are a good example of business taxes being passed down. Being a mother and wife I have noticed the increase in prices at the grocery store and sometimes have to go for the stuff i wouldn't have bought  4 years ago. I think this meeting may not be as affective as Pres Obama wants it to be. In my opinion Pres Obama asking them to look at long term debt relief would be better than a quick fix because it only puts a band aid on the problem without actually fixing the problem. As a millenial Im not really sure quick fixes solve the problem, a lot of  americas quick fixes have done nothing to boost our economy or get our country out of debt. I think taxing the wealthy is a goood idea allow them to help us low and middle class boost the economy for a change.
I would love to hear how other feel about this. Once again I found this post in Austin American Statesman. http://www.statesman.com/news/nation/obama-summons-gop-says-no-to-short-term-1582539.html