I just received a notice from my company advising that my pension was being reduced for additional taxes to pay for our wonderful stimulus package that has not yet been infused into the economy.
I thought it rather odd that the first tax increase was levied at senior citizens living on a fixed income. But then as I reflected further, it occurs to me that this will cost us less because we’ll not be encouraged to live long lives under the new health care proposals. If they tax us it will only be for a brief period and the pain will be minimized as long term care becomes a distant memory.
The first thing that took place was taking away the COLA from Social Security recipients. According to the crack analysts at the White House, costs are not increasing. (None of them live in the real world apparently.) Now we’re reducing their pensions by increasing taxes on fixed incomes. The logic seems consistent and the message is clear. If we look at the design in the health care legislation being ramrodded through Congress with very tight deadlines, the phasing out of the boomers as quickly as possible seems to be a consistent theme. There are lots of reasons our current leaders don’t want debate on this legislation. Shedding light on these matters will expose the poorly thought out legal writings of those who will not be impacted by the laws they put in place.
The height of arrogance is passing legislation for the populace that will not apply to those writing and signing the hasty proposals into law. Trust in our leadership continues to plummet and will soon sink below that of the scorned previous President. In this case, however, our President is getting help from leadership in the House and Senate that are mere puppets for the White House. Washington seems more broken now than it has ever been.
The jobs have gone away, we’re taking money away from those on fixed incomes to pay for stimulus money that has not been spent, and no money has been spent to create new jobs. I’m going away for a few days to reflect on what may be coming next.