In today’s newspaper, shocking to see but they claim the federal taxes are the lowest since the 1950’s…really, they printed that lie as today’s news…problem it the NYTimes had the same lie in their rag in 2009! http://economix.blogs.nytimes.com/2009/10/20/federal-revenues-at-lowest-share-of-gdp-since-1950/ Today’s article was written by Stephen Ohlemacher of the ASSociate Press but strangely not on the web?.?.?.

Plagiarism, in part, aside, it was as untrue now as it was then, they ARE bringing in less in taxes but NOT because of any tax cut by G.W Bush but because of HIGH UNEMPLOYMENT AND UNDER EMPLOYMENT and this administration has terrified businesses from hiring anyone…and if you aren’t working, YOU PAY NO TAXES!!!

The first time I have actually seen it spelled out in print is this little nugget most people let slide right by:

“Low income families can actually MAKE A PROFIT from the income tax, and the wealthy can cut their PAYMENTS”. ?!?!?

So if you make 400% of the poverty level, which is around $30,000 for a family of 4, you get the welfare check PAID by the “wealthy”… yet “wealthy” isn’t spelled out here. Is it $50,000? $70,000? $100,000? If you make $50,000, unless you have at least 2 kids, YOU ARE CONSIDERED WEALTHY AND HAVE TO PAY INCOME/WELFARE TAXES!.

$50,000 USED TO BE CONSIDERED MIDDLE-CLASS, NOT WEALTHY, IN THIS COUNTRY…

Sen. Kent Conrad D-ND said “the current tax code is simply indefensible, it’s hemorrhaging money”. Well no sh*t Sherlock! Vote in some more of your progressive entitlements Jackass….

From the current, plagiarized in concept, was this:

“In the next few years, many can expect to pay more in taxes. Some increases were enacted AS PART OF PRESIDENT BARACK OBAMA’S HEALTHCARE OVERHAUL”.

“The lack of revenue, combined with massive spending increases, means the federal government will have to borrow $.40 for every dollar it spends this year.”

Here’s an idea, DON’T BORROW ANY MONEY! CUT SPENDING! CUT ENTITLEMENTS! DO NOT RAISE THE DEBT CEILING!