Kyle and her husband moved to Brookfield in 1986. She became active in local politics and started blogging in 2004. Her focus is primarily on local issues but often includes state and national topics, too. Kyle looks at things from the taxpayers' perspective in a creative, yet down to earth way, addressing them from a practical point of view.
They call it the Fiscal Cliff. Falling off it is seen as disastrous to the U.S. economy and will cause us to fall back into recession. (Did we ever leave it?) If we do nothing to avert the cliff, we fall off on New Year's Eve.
But what is the Fiscal Cliff? Primarily, it is the end to the Bush Tax Cuts they band-aided back into law in December of 2010. It also includes expiration of the Payroll Tax Cut, which has little support from either side of the aisle. If you remember, it reduced the Social Security payroll deduction from 6.2% to 4.2% so workers would have a bit more take home pay. (Did you even notice?) However, it also reduced the amount of money flowing into the Social Security coffers--a bad idea for an entitlement already facing solvency issues. The $700 billion or so Doc Fix, military reductions, and some token spending cuts also part of the mix.
Our Congressman Jim Sensenbrenner wrote, Don't trade a cliff for an iceberg. In it he points out,
Currently, the US debt is on track to reach 187 percent of GDP by 2035. But unlike Greece, there is no "Germany" to bail us out. If our debt reaches this level, an international economic crisis would ensue.
The President and Congressional Democrats have called for a “balanced” approach to reducing the deficit.
But their approach has been anything but balanced. The President’s “offer” included $1.6 trillion dollars in taxes and $400 billion in spending cuts. That’s neither balanced nor helpful for our economy. When spending on entitlements is 62 percent of our budget, the President’s focus on tax increases is not going to cut it.
We can’t solve our debt problem without economic growth, and tax hikes could cost 710,000 jobs according to an independent Ernst &Young study.
Simply put, the President wants no cuts in spending, in fact wants even more increases including another Stimulus! Obama wants to increase taxes on the "rich" that will raise only around $85 billion, enough to run our country for 8 and a half days. So losing over 700,000 jobs in exchange for running the government for 8.5 days is a good deal?
Get in the Christmas spirit this Sunday evening with the Brookside choir and orchestra performance of The Light of the World The musical.will be a celebration of the greatest Christmas gift of all: God sending His Son to be Savior of the world and reconcile sinful man to God.
One of the many things I enjoy at Brookside is the music. Their choir programs, accompanied by their orchestra, have always been excellent, and if last Sunday's preview is any indication, this weekend's presentation will not disappoint.
Performances are at 5pm and 7pm in the church auditorium; a reception will follow. Brookside Baptist Church is easy to find at 4470 N. Pilgrim Road, just south of Lisbon, in Brookfield. Directions
Brookside Baptist Church Website
President Obama, the champion of class warfare rhetoric*, has been chanting the mantra: tax the rich, as a solution to our deficit, poverty, and social class disparity for as long as I can remember. Obama also throws around the phrase fair share to justify tax rates that take more than half their income. And we really should call his attack what it is: tax the successful. Republicans and economists counter with how taxing the successful (rich ) will harm small businesses, who are the majority of job creators in America. Being a Conservative, I side with the Republicans, I view fairness as taxing all income at the same rate.
But one consequence of taxing the rich I have yet to hear anyone mention: who will be the consumers if they have less income once their taxes are paid? Who will be building a new home or hiring the local remodeler? Who will be purchasing that new car or new furniture? Who will be dining out every weekend? Or having their hair and nails done, stopping for a latte, or hiring the yard and cleaning help? Who will be able to afford vacationing in Wisconsin or at popular tourist attractions across America?
American tourism already seems down in the U.S., at least from what I have observed. Hearing a foreign language or accent at Yellowstone or Grand Canyon National Parks is the norm. Last fall, my sister and I observed that Disney World would really be hurting if it weren't for the Brazilians spending their dollars at the Kingdom of the Mouse. An American accent was in the minority at all locations.
But it isn't just the business owners' ledger that takes the hit when tourists cut back, its all the employees at these businesses that feel it too. If Disney, the largest employer in the U.S., the National Parks or even Wisconsin Dells, for that matter, experience a downturn, then area hotels don't need as many housekeepers. Restaurants cut hours or move employees to part time. Peripheral tourist attractions such as raft rides or water parks lose business.
If consumers cut back, because they don't have as much disposable income as they used to, the carpet, furniture, clothing, and tech. stores suffer a loss. That loss is passed on to the employees; the management cuts hours, sometimes pay, sometimes benefits, and often terminates employees.
Of course the truly wealthy will still do and buy these things or just move out of the country, but the $200,000 - $250,000 earners, who file their business taxes on their personal tax returns, will be hurting.
And if you think you aren't one of those upper 2% earners, so your paycheck will be untouched, think again: ObamaCare taxes are coming our way in 2013. More than likely the Payroll Tax Cut will expire, resulting in less take home pay.
So if all of us have less money in our pockets, who will be the purchasers? How will that effect your job?
Contact your Representatives and Senators
Find your U.S. Senators by last name
Wisconsin's U.S. Senator Ron Johnson (202) 224-5323
Wisconsin's U.S. Senator Herb Kohl (202) 224-5653
Find your U.S. House of Representatives member by state
House Representative James Sensenbrenner Washington D.C. (202) 225-5101, Brookfield (262) 784-1111
House Speaker Boehner phone line (513) 779-5400
*Class warfare and even the term middle class are Marxist terms
With all the hustle and bustle of the Christmas season, I wish to alert you to this very important recall notice I received in my email inbox. It is essential that you act on this, because it affects everyone.
OFFICIAL RECALL NOTICE
The Maker of all human beings (GOD) is recalling all units manufactured, regardless of make or year, due to a serious defect in the primary and central component of the heart.
This is due to a malfunction in the original prototype units code named Adam and Eve, resulting in the reproduction of the same defect in all subsequent units. This defect has been technically termed "Sub-sequential Internal Non-morality," or more commonly known as S.I.N., as it is primarily expressed.
Some of the symptoms include:
- Loss of direction
- Foul vocal emissions
- Amnesia of origin
- Lack of peace and joy
- Selfish or violent behavior
- Depression or confusion in the mental component
The Manufacturer, who is neither liable nor at fault for this defect, is providing factory-authorized repair and service free of charge to correct this defect. The Repair Technician, JESUS, has most generously offered to bear the entire burden of the staggering cost of these repairs. There is no additional fee required.