No I am not upset about there being a bailout plan, but nor am I thrilled by it. I think it would make better sense to let the economy, the banks, the other lenders, and the idiots who took out ridiculous mortgages to have to bail themselves out through use of a somewhat lost good trait - that of hard work. Foolish people who do foolish things with money should not be rewarded, and sometime should have to stew in the vile sludge of their own making so their eyes will be opened about making sound judgements in the future. I will accept though that the economy is in dire straits. I saw it coming and pulled my thrift savings money (sort of a government employee's 401K plan) out of the funds with risky investments and put them into government securities. Not much interest for sure, but much safer. Why others could not see this is beyond me as I am certainly no money guru, I tend to play it safe. Maybe others did not see it for whatever reason, and now they are socked down with bad debt; and now their bad judgements will ripple over to us and we will be effected negatively by a bad economy too. They need some help, and we need some help. Okay that could make sense. Both sides of the House and the President went with that way of thinking, now for the full House vote, then for the Senate.
If they all vote in the TAX REBATES I can say okay fine, someone who was a tax payer needs help, and if you are going to bail out the taxpayer who screwed up his finances, then you ought to reward the taxpayer who handled his or her finances without messing them up. The economy is getting tough on all them, so okay give all the TAX PAYERS a REBATE. Of course, that is not what the Democrats in the House of Representatives wanted, and demanded, in order for them to agree with the President's national economic bailout plan. They wanted more. They wanted not only to help out the TAX PAYER with a REBATE but they demanded that the REBATE of TAXES also be given to those who did not make enough to pay taxes! Here is what the Associated Press reported on this point:
"In a key concession to Democrats, 35 million families who make at least $3,000 but don't pay taxes would get $300 rebates." (see: http://www.msnbc.msn.com/id/22782454?GT1=10755).
Now correct me if I am wrong, but that will be a lot of money just for those who DID NOT PAY TAXES. Also correct me if I am wrong about this: a REBATE is pretty much money paid back to someone usually because they OVERPAID, or because they are in some way entitled to a REFUND of money that they PAID. I mean here it is in black and white from the dictionary at Encarta:
"re·bate [ r bàyt ]
noun (plural re·bates)
money paid back: money that is paid back, e.g. because somebody has overpaid a tax or is entitled to a refund"
So what I need to ask, what every taxpayer in this country should need to ask, both of the President, and of the Congress, is just how in hell are people who did not pay any taxes, because their income was too low to have them do so, going to receive a REBATE of their taxes? Only a liberal minded politician with political interests in mind could demand something like this, and only a liberal left leaning RINO (Republican In Name Only) like George W. Bush could have said okay to it.
I am not big on the concept of public relief, but I do realize that sometimes people need it. If these people, who earned up to $3,000 but yet did not earn enough to pay taxes need help in these fiscally tough times, then give them fucking public assistance and call it just that. Do not disguise it as a REBATE of taxes when in fact they paid no taxes, and therefore it would be impossible to give them a rebate of taxes. I predict that somehow, in some sneaky manner that is now in the works, those same demoncrats who demanded this so called concession by the president in order to pass this bailout package, will in the future try to give these same people tax rebate after rebate, even when they have decided to cease giving rebates to those who actually worked for a living and paid their taxes. So, I will be writing to my Congressional representatives (in the House and the Senate) to pitch a bitch about this, and I'll write to the president, and vice president (is he still alive - have not heard a peep out of him in a long time - have we). I am going to demand, as a citizen, working member of society, tax payer, and voter, that at least this one part of the plan - the SO CALLED REBATE TO THOSE WHO DID NOT PAY TAXES - be taken out of the bailout plan. If they want a friggin rebate - then they should work like the rest of us, and pay taxes on their incomes like the rest of us - and therefore be eligible for a REBATE in the first place - like the rest of us. If they do not earn enough money to pay taxes, then no rebates for them, at least not until they start to pay for them like the rest of us. If they need welfare or food stamps or other forms of public assistance - and can prove they NEED it, then give it to them - but do not reward the millions in that 35 million who always expect to get something for nothing - and expect we taxpayers to foot the bill. Yes folks that is exactly what we taxpayers will have done should this bailout measure actually be voted in. We will have paid for those rebates - by virtue of having paid our taxes. Those other folks - they did nothing to pay for anything, and yet the democrats want to give them a reward for just that - for doing nothing! It makes me want to puke all over Nancy Pelosi and her whole entourage.
Am I pissed off - you bet - and if you are a regular reader of my stuff you know I am because I usually do not blog using the type of foul language that is peppered throughout my rant above (don't get me wrong, I use foul language regularly, just not here all that much); but you know what - I paid my taxes and am entitled to be mad about this, as are you if you are a taxpayer. Friggin Democrats who are like Pelosi and twist everything to their unreal way of seeing things are, in my personal taxpaying opinion, assholes!
All the best to my fellow taxpayers,
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