Saturday, December 29, 2012

Congress Has Three “Talents”

The Jesuits taught me only God can Create. The Jesuits were wrong. Our 9% approval rating Congress is Creating Problems all the time.

Then they campaign against the problems they created.

Here are a few examples...

Problem: The rich do not pay their fair share of taxes.

Fix: The Alternative Minimum Tax.

New Problem: The AMT first started in 1969 but the present form for the AMT was set up in 1982. In either form it has been confusing all of us from the get go.

There is no such thing as an AMT Expert. If you ever find one and get him to give you his interpretation of the AMT and then ask another AMT Expert about the first Experts Opinion and he will tell you that the First Expert’s Opinion is wrong. The First AMT Expert will tell you that the Second AMT Expert is all wet. Neither one looks real confident that he is right and the other is wrong.

A major flaw in the AMT is that Congress did not index it for inflation, therefore, it has long been hitting the Middle Class because they are being re-classified as “rich”.

Congress has moved on from the old “Fix” for the Rich Not Paying Their Fair Share (the AMT) and is now in a pickle about the Rich Not Paying Their Fair Share all over again.

They are working on a new “Fix”. Heaven help us.

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Problem: Congress tries to “fix” everything by spending more money than they take in.

Fix: Borrow money to “take in” more money.

New Problem: Interest on the money they borrow is preventing them from “fixing” everything.

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Problem: The economy need to be stimulated.

Fix: Lower taxes to stimulate the economy.

New Problem: By putting an end to the lowered taxes, Congress causes the economy to languish because of the uncertainty created because the taxes to stimulate the economy may come to an end because Congress set them up to come to an end from the beginning.

If Congress decides to lower taxes (Bush Tax Cuts), they should do just that... Pass A Law To Lower Taxes.

If it is later decided by our “leaders” in Congress that we need to raise taxes, then they should go through the complicated process (yes, it ought to be complicated) of raising taxes...Propose it, Justify it, Discuss it, Modify it, Expose it to the folks back home and then Pass A Law To Raise Taxes.

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Problem: Influential people are angry about having to pay taxes.

Fix: Congress puts loopholes into the Tax Code.

New Problem: Influential taxpayers use the loopholes and Congress acts horrified that people are using the loopholes that Congress made for them to use.

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Problem: Congress is silly.

Fix: If Congress read my Blog they would understand how silly they are and become ashamed of themselves and then they would stop being silly.

Ongoing Problem: Congress does not read my Blog.

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The Subject of this Blog Posting toyed with you about what Congress is really good at doing. The full list is...

Creating Problems

Spending Money to Buy Votes

Kicking Cans Down the Road

Are you wondering about what problems your elected representatives are working on for the future? To stay informed all you have to do is watch CSPAN.

Would I kid u?

1 comment:

Anonymous said...

All three great but you have to have common sense to handle the problem and while some in Congress may have it no one in the media can understand it so they simply repeat what the politicians say