"The Official Portrait of Miss InDiana"

"The Official Portrait of Miss InDiana"
aka "Miss Victory"

Wednesday, October 8, 2008

FairTax.org has answers for a post Bailout America

Here's a message we received today from FairTax.org

At the heart of the financial meltdown now bedeviling Americans is a simple and profoundly ignored fact that does not require an advanced degree in economics to understand: Our government spends more than it takes in—a lot more.

Sure, regulators could have done a better job but, in truth, politicians at every level have frustrated attempts to blow the whistle on bad loans, bad reporting and bad ethics. Why? Because politicians have been buying our votes with our money—and our future earnings—for a long time. And they don't want any interference from those they are "helping."

It's not just the naked bribes represented by "earmarks" for hometown voters; it is new entitlement programs like the prescription drug benefit, new rules governing the behavior of favored banks and investment houses and a headlong rush to buy the votes of the poor by guaranteeing home ownership, irrespective of one's financial ability to repay a loan. Lest we forget, let's also add up all the special tax breaks for favored contributors that have bloated income tax code rules to 67,500 pages. It's a bi-partisan betrayal of our future cloaked as concern for the common good.

Although our nation was founded on the principle that the citizen was sovereign, government spending increases and more and more taxes taken from our earnings, savings and investments have effectively transformed the American citizen into a serf working another's land for the privilege of taking a fraction of the fruits of his or her own labor.

Just Trust Us

"Trust us," we are told. "We have the best interests of the nation at heart." Citizens are now left with no rational choice to protect savings, college plans, and investments but to accept the new aristocracies' trillion dollar picking of our pockets to prop up institutions that must function. It is not the first time in recent years that we have accepted the grasping hand of the federal government in our wallets to avert a disaster not of our making.

In 1983 a "Blue Ribbon" panel of similar leaders including Alan Greenspan, Daniel Patrick Moynihan and others "saved" Social Security from another big collapse by dramatically raising taxes on earnings of up to $97,500 annually. The promise, then, was that Baby Boomers would actually "pre-fund" their own retirement with astoundingly increased taxes, decades ahead of time. It was also promised as relief to the coming generations so they would be free of crippling taxes. Sounded good.

Lo and behold, the trillions of dollars taken in since then—far exceeding promised payments to senior citizens—have since been spent on everything else. Turns out, that it was nothing more than a new tax levied on those with earnings below $97,500 a year so executive and legislative branch office holders could have more of our money to spend extravagantly on "us" so they could win new terms in office. The FICA payroll tax has become a major factor in keeping the poor that way, retarding new business growth and keeping middle-class earners from moving up. Worst, it also turns out that our children and grandchildren will, in fact, still be burdened an ever-growing and mind-numbing national debt AND unbelievably high FICA taxes to support their parents.

In yet another example of playing fast and loose with politics and our money, 1986 saw Congress reject the tax policies of the Reagan administration and as consequence, the Savings and Loan industry collapsed. Turns out the definition of the tax value of real estate holdings had been changed overnight by the House Ways and Means Committee and banks no longer met liquidity rules. That politically inspired cat fight cost American taxpayers hundreds of billions of dollars. And worse, we didn't learn.

It is past time--way past time--for hometown America to save America from our well-intentioned but criminally incompetent, at best, and cynically corrupted , at worst, national leadership. Do we have a moment to lose? Do we really need any more examples of how the new aristocracy can—and will—destroy the pursuit of happiness?

The reform that can save the nation and restore our identity as citizens who have empowered and limited government (instead of the other way around) is called the FairTax.

Because the FairTax allows every American to take home everything that is earned without any federal withholding, millions of distressed homeowners could actually afford home mortgage payments. The elimination of FICA taxes eliminates the highly regressive Social Security and Medicate tax but the FairTax provides a far broader stream of revenue into these faltering programs. Because the FairTax eliminates all exemptions, gimmicks and loopholes, Congress would be removed from the ability to buy votes with tax giveaways and billionaires pay taxes when they spend money. Because the FairTax makes nearly all federal government taxes entirely transparent, the sovereign citizen can know the score and put the brakes on extravagant new spending. Because the FairTax eliminates the price advantage now enjoyed by overseas producers, American jobs won't be leaving our shores. In fact, because the FairTax makes the USA the most favorable tax environment in the world, we can expect trillions of dollars of investment rushing into the US economy. With the FairTax, our money is ours first and only secondly devoted to government. Savings growth, investments and business decisions are guided by opportunity and real progress instead of tax avoidance tactics.

We've lost more than $2 trillion of our retirement savings in a week's time and our kid's future at college is in serious jeopardy. This didn't happen by accident but at the hands of the very same people who have given the FairTax a cold shoulder. Those candidates and incumbents of either party who would spend our future earnings to stay in office and who reject the FairTax for similarly self-interested reasons now need a strong reminder from voters about whose offices they occupy. Please pay attention to our voting guide and send that message.

Finally, our campaign needs your help—as always. We never have enough to do the job right. Send us a contribution if you can, even in these hard times. It may turn out to be the best investment you ever made. If you can't afford a donation, then help us by recruiting two new supporters. And keep your cards, letters, phone calls, faxes and e-mails going to incumbents and candidates.

The plain fact is, we either now save ourselves from our new aristocracy or suffer the consequences as modern day serfs in a nation never contemplated by our Founding Fathers.

Sincerely,

Ken Hoagland
National Communications Director

If you would prefer sending a check or credit card contribution by mail, please download and print our contribution form here.

1 comment:

Anonymous said...

DNC Steps in to Silence Lawsuit over Obama Birth Certificate
by Drew Zahn, WorldNetDaily

The man suing Sen. Barack Obama and the Democratic National Committee for proof of Obama's American citizenship is outraged that his own party – rather than just providing the birth certificate he seeks – would step in to silence him by filing a motion to dismiss his lawsuit.

As WND reported, prominent Pennsylvania Democrat and attorney Philip J. Berg filed suit in U.S. District Court two months ago claiming Obama is not a natural-born U.S. citizen and therefore not eligible to be elected president. Berg has since challenged Obama publicly that if the candidate will simply produce authorized proof of citizenship, he'll drop the suit.

Berg told WND the longer the DNC tries to ignore his lawsuit or make it go away – instead of just providing the documents – the more convinced he is that his accusations are correct.

Despite assertions by the Washington Post, FactChecker.org and other organizations that Obama has produced a certified Hawaiian birth certificate, Berg told WND he remains "99.99 percent sure" that the certificate is a fake and he wants a court, not a website, to determine its validity.

Earlier last week, lawyers for Obama and the DNC filed a joint motion to dismiss Berg's lawsuit. The fact that the DNC joined in the dismissal request has Berg fuming, believing his party's leaders have ignored his pleas for proof in order to favor their chosen candidate over a rank-and-file constituent.

"I think it's outrageous," Berg said. "The Democratic National Committee should be ensuring the Democratic Party and the public that they have a qualified candidate up there. To file a joint motion is like they're in cahoots.

"Since then, I have asked by way of press release that Howard Dean resign, because (the DNC members) are not fulfilling their duties," Berg said.

"The DNC has a responsibility to all Democrats in this country to make sure that all of their candidates are properly vetted and properly qualified," Berg added. "I think it's really an outrage to the 18-plus million people who voted for Obama and the people who donated more than $425 million to him under false pretenses."

Berg is frustrated, not only with his own party's leadership for allegedly not investigating Obama's background, but also with the major news outlets for failing as well.

"I should also be suing the national media and their disgrace for not properly vetting, inspecting or checking on Barack Obama.

"Look what they're doing to Governor Palin: They're opening up her closet doors, they're going through everything personal, but no one has ever gone after Obama. It doesn't make sense," Berg said.

Obama's website counters Berg's claims with links to articles that affirm the validity of his citizenship and an image of a Hawaiian birth certificate for Barack Hussein Obama, born in Honolulu, Aug. 4, 1961. The webpage is part of the Obama campaign website's "Fight the Smears" section, an effort to prevent reports that Obama claims are false from disseminating as damaging rumors.

Berg acknowledges that as long as his lawsuit remains outstanding, the public will talk, and he told WND he wants Obama to quickly prove him wrong or the court to quickly prove him right.

"I've been on about 50 radio shows around the country," Berg said, "and on every one I've put out a challenge: Barack Obama, if I'm wrong, just come forth with certified copies of these documents and I'll close down the case."

Berg told WND, "I've had 19 million hits on my website. …Those people talk to other people, now we're up to 20, 30, 40 million people who are aware of this controversy, and it's going to drastically affect the entire election."

When asked what he would do if the DNC succeeded in getting his case dismissed, Berg said he would "immediately file an appeal to the Third Circuit Court of Appeals, and if we don't get a fair ruling there, immediately to the U.S. Supreme Court."

"We're dealing with the U.S. Constitution and it must be followed," Berg explained. "I want the Constitution enforced; that's my main reason for doing this.

"The real outrage is that there's nothing in our system that provides that a candidate must provide that his qualifications are true and correct before he or she runs, and that safeguard should be put into our system by law," Berg said.