Daily Archives: June 22, 2009

Jun 22 2009

States Turning to Last Resorts in Budget Crisis Raise Taxes

In Illinois, the Democratic-led legislature is fighting a plan by Gov. Patrick J. Quinn, also a Democrat, to balance the new budget by raising income taxes.

In Massachusetts, Gov. Deval Patrick, a Democrat, has threatened to veto a 25 percent increase in the state sales tax that Democratic legislative leaders say is crucial to help close a $1.5 billion deficit in the new fiscal year.

Gov. Edward G. Rendell of Pennsylvania has proposed raising the state’s income tax by more than 16 percent, to 3.57 percent from 3.07 percent, for three years — and tax increases on myriad consumer goods.

Democratic legislative leaders last week offered alternatives to Mr. Schwarzenegger’s recommended cuts, including levying a 9.9 percent tax on oil extracted in the state and increasing the cigarette tax to $2.37 a pack, from 87 cents. But Mr. Schwarzenegger has vowed to veto any budget that includes new taxes

Governors have recommended increasing taxes and fees by some $24 billion for the coming fiscal year, the survey found. This is on top of more than $726 million they sought in new revenues this year.

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During the campaign, Obama said taxes would not be raised on the poor and middle income Americans. Well tell me now that all Americans will not be paying these taxes and higher prices! As we can now see that instead of the economy getting better under the leadership of Obama, the economy is worst today than it was when he took office and his spending spree is bankruping America!

LINKS:

(1) Obama’s Budget includes $1.6 trillion in New taxes—the Largest Tax Increase in History

Jun 22 2009

California School System Collapsing

California’s historic budget crisis threatens to devastate a public education system that was once considered a national model but now ranks near the bottom in school funding and academic achievement.

Deep budget cuts are forcing California school districts to lay off thousands of teachers, expand class sizes, close schools, eliminate bus service, cancel summer school programs, and possibly shorten the academic year.

Without a strong economic recovery, which few experts predict, the reduced school funding could last for years, shortchanging millions of students, driving away residents and businesses, and darkening California’s economic future Read More

Maybe if California’s rich would have kept the big money they gave to Obama and his campaign this would not be happening. Sure looks as if everything is collapsing since Obama became president!

Jun 22 2009

Democrats Are Concern About Obama Healthcare Plan

Obama’s proposal to provide health insurance for some 50 million Americans who lack it has become a contentious point for a Democratic-controlled House and Senate struggling to reach a consensus Obama desperately wants.

Much of the concern came after the nonpartisan Congressional Budget Office estimated that the plan would cost $1 trillion over 10 years but cover only about one-third of those now lacking health insurance.

Democrats protested that the estimate overlooked important money-savers to be added later. But Republicans seized on the costly projection and the bill’s half-finished nature, throwing Democratic leaders on the defensive.

Sen. Dianne Feinstein, D-Calif., said she wasn’t certain there are enough votes in the president’s own party to support the proposal.

“I think there’s a lot of concern in the Democratic caucus,” she said. “You do the math,” McCain said. “It comes up to $3 trillion. And so far, we have no proposal for having to pay for it.”
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Obama just a few days ago said that Congress had to make sure they had the money to pay for any bill they passed as America is out of money! Obama keeps on trying to spend while telling Congress not to! Does that make any sense to anyone?