Social Security - Emtitlement checks?

> SOCIAL SECURITY NOW CALLED 'FEDERAL BENEFIT PAYMENT' /ENTITLEMENT!
>
> Have you noticed, your Social Security check is now referred to as a
> "federal benefit payment"?
>
> I'll be part of the one percent, to forward this, our government gets
> away with way too much in all areas of our lives, while they live
> lavishly on their grossly overpaid incomes! KEEP passing THIS AROUND
> UNTIL EVERY ONE HAS READ IT.....
>
>
> This was sent to me, I am forwarding it because it does touch a nerve in me.
>
>
> Remember, not only did you contribute to Social Security but your
> employer did too. It totaled 15% of your income before taxes. If you
> averaged only $30K over your working life, that's close to $220,500.
>
> If you calculate the future value of $4,500 per year (yours & your
> employer's contribution) at a simple 5% (less than what the government
> pays on the money that it borrows), after 49 years of working you'd
> have $892,919.98.
>
> If you took out only 3% per year, you'd receive $26,787.60 per year
> and it would last better than 30 years (until you're 95 if you retire
> at age 65) and that's with no interest paid on that final amount on
> deposit! If you bought an annuity and it paid 4% per year, you'd have
> a lifetime income of $2,976.40 per month.
>
> Entitlement my butt, I paid cash for my social security insurance!!!!
> Just because they borrowed the money, doesn't make my benefits some
> kind of charity or handout!!
>
> Congressional benefits ---- free healthcare, outrageous retirement
> packages, 67 paid holidays, three weeks paid vacation, unlimited paid
> sick days, now that's welfare, and they have the nerve to call my
> social security retirement entitlements?
>
> We're "broke" and can't help our own Seniors, Veterans, Orphans, Homeless.
>
> In the last months we have provided aid to Haiti , Chile , and Turkey .
> And now Pakistan .......former hideout of bin Laden. Literally,
> BILLIONS of DOLLARS!!!
>
> Our retired seniors living on a 'fixed income' receive no aid nor do
> they get any breaks while our government and religious organizations
> pour Hundreds of Billions of $$$$$$'s and Tons of Food to Foreign
> Countries!
>
> They call Social Security and Medicare an entitlement even though most
> of us have been paying for it all our working lives and now when it’s
> time for us to collect, the government is running out of money. Why
> did the government borrow from it in the first place? Imagine if the
> *GOVERNMENT* gave 'US' the same support they give to other countries.
>
> Sad isn't it?
>
> 99% of people won't have the guts to forward this.

You're not going to like this... Thanks John Massey!

John & Yvette Massey
ent: Wed, February 2, 2011 8:05:14 AM

Subject: You're not going to like this



THE HEALTHCARE BILL



THIS IS THE 2ND OFFICIAL WHO HAS OUTLINED THESE PARTS OF THE CARE BILL

Judge Kithil of Marble Falls , TX - HB3200 highlighted pages most egregious

Please read this..... especially the reference to pages 58 & 59

JUDGE KITHIL wrote:



** Page 50/section 152: The bill will provide insurance to all non-U.S. residents, even if they are here illegally.



** Page 58 and 59: The government will have real-time access to an individual's bank account and will have the authority to make electronic fund transfers from those accounts.



** Page 65/section 164: The plan will be subsidized (by the government) for all union members, union retirees and for community organizations (such as the Association of Community Organizations for Reform Now - ACORN).



** Page 203/line 14-15: The tax imposed under this section will not be treated as a tax. (How could anybody in their right mind come up with that?)



** Page 241 and 253: Doctors will all be paid the same regardless of specialty, and the government will set all doctors' fees.



** Page 272. section 1145: Cancer hospitals will ration care according to the patient's age.



** Page 317 and 321: The government will impose a prohibition on hospital expansion; however, communities may petition for an exception.



** Page 425, line 4-12: The government mandates advance-care planning consultations. Those on Social Security will be required to attend an "end-of-life planning" seminar every five years. (Death counseling)



** Page 429, line 13-25: The government will specify which doctors can write an end-of-life order.



HAD ENOUGH???? Judge Kithil then goes on:



"Finally, it is specifically stated that this bill will not apply to members of Congress. Members of Congress are already exempt from the Social Security system, and have a well-funded private plan that covers their retirement needs. If they were on our Social Security plan, I believe they would find a very quick 'fix' to make the plan financially sound for their future."



Honorable David Kithil

Marble Falls, Texas



All of the above should give you the point blank ammo you need to support your opposition to ObamaCare. Please send this information on to all of your email contacts.

Wal-Mart vs. the Morons! He won't let me credit him

Wal-Mart vs. The Morons
1. Americans spend $36,000,000 at Wal-Mart Every hour of every day.

2. This works out to $20,928 profit every minute!

3. Wal-Mart will sell more from January 1 to St. Patrick's Day (March 17th) than Target sells all year.

4. Wal-Mart is bigger than Home Depot + Kroger + Target +Sears + Costco + K-Mart combined.

5. Wal-Mart employs 1.6 million people, is the world's largest private employer, and most speak English.

6 Wal-Mart is the largest company in the history of the world.

7. Wal-Mart now sells more food than Kroger and Safeway combined, and keep in mind they did this in only fifteen years.

8. During this same period, 31 big supermarket chains sought bankruptcy.

9. Wal-Mart now sells more food than any other store in the world.

10. Wal-Mart has approx 3,900 stores in the USA of which 1,906 are Super Centers; this is 1,000 more than it had five years ago.

11. This year 7.2 billion different purchasing experiences will occur at Wal-Mart stores. (Earth's population is approximately 6.5 Billion.)

12. 90% of all Americans live within fifteen miles of a Wal-Mart.

You may think that I am complaining, but I am really laying the ground work for suggesting that MAYBE we should hire the guys who run Wal-Mart to fix the economy.

This should be read and understood by all Americans Democrats, Republicans, EVERYONE!!

To President Obama and ALL 535 voting members of the Legislature,

It is now official you are all corrupt morons:

A.. The U.S. Postal Service was established in 1775. You have had 234 years to get it right and it is broke.

b.. Social Security was established in 1935. You have had 74 years to get it right and it is broke.

c.. Fannie Mae was established in 1938. You have had 71 years to get it right and it is broke.

d.. War on Poverty started in 1964. You have had 45 years to get it right; $1 trillion of our money is confiscated each year and transferred to "the poor" and they only want more.

e.. Medicare and Medicaid were established in 1965. You have had 44 years to get it right and they are broke.

f.. Freddie Mac was established in 1970. You have had 39 years to get it right and it is broke.

g.. The Department of Energy was created in 1977 to lessen our dependence on foreign oil. It has ballooned to 16,000 employees with a budget of $24 billion a year and we import more oil than ever before. You had 32 years to get it right and it is an abysmal failure.

You have FAILED in every "government service" you have shoved down our throats while overspending our tax dollars.


AND YOU WANT AMERICANS TO BELIEVE YOU CAN BE TRUSTED WITH A GOVERNMENT-RUN HEALTH CARE SYSTEM ??



MAYBE WE OUGHT TO KICK YOUR EGG-HEAD BUDDY BUMS OUT OF OFFICE AND HIRE WAL MART TO RUN THE GOVERNMENT ???



WAL MART SEEMS TO KNOW HOW TO RUN A BUSINESS.......WHY DON'T YOU GUYS JUST ADMIT IT'S WAY BEYOND YOUR PAY GRADE, AND QUIT?



Folks, keep this circulating. It is very well stated. Maybe it will end up in the e-mails of some of our "duly elected' (they never read anything) and their staff will clue them in on how Americans feel.

Feb. 2, 2011 Thanks alma Holl!

Feb. 2, 2011- Thanks Alma Nash Holl!



This next year, Feb 2, 2011, both Groundhog Day and the State of the Union address occur on the same day.


"It is an ironic juxtaposition of events; one involves a meaningless
ritual in which we look to a creature of little intelligence for prognostication while the other involves a groundhog."

Humanist, not rascist. Waco TX post- Thanks Terry Krause!

Add texans to Arizonans and Missourians for making some sense out of actions by our senseless elite politicians on both sides of the aisle. Bring in cheap help and let the proletariat (American Taxpayers) pay all of their benefits.

This fellow gets my vote!!



I would put him in charge in a heart beat!!! rl

Me too!

We have been so victimized by our own sanctimonious do-gooders aided and abetted by the politicians who are so profligate with other peoples money that we have lost all common sense. The following, although inconsistent with reality, is the type of common sense that we need so badly.



This was in the Waco Tribune Herald, Waco , TX 18 Nov 2010
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Put me in charge ...

Put me in charge of food stamps. I’d get rid of Lone Star cards; no cash for Ding Dongs or Ho Ho’s, just money for 50-pound bags of rice and beans, blocks of cheese and all the powdered milk you can haul away. If you want steak and frozen pizza, then get a job.

Put me in charge of Medicaid. The first thing I’d do is to get women Norplant birth control implants or tubal ligations. Then, we’ll test recipients for drugs, alcohol, and nicotine and document all tattoos and piercings. If you want to reproduce or use drugs, alcohol, smoke or get tats and piercings, then get a job.

Put me in charge of government housing. Ever live in a military barracks? You will maintain our property in a clean and good state of repair. Your “home” will be subject to inspections anytime and possessions will be inventoried. If you want a plasma TV or Xbox 360, then get a job and your own place.

In addition, you will either present a check stub from a job each week or you will report to a “government” job. It may be cleaning the roadways of trash, painting and repairing public housing, whatever we find for you. We will sell your 22 inch rims and low profile tires and your blasting stereo and speakers and put that money toward the “common good.”

Before you write that I’ve violated someone’s rights, realize that all of the above is voluntary. If you want our money, accept our rules.. Before you say that this would be “demeaning” and ruin their “self esteem,” consider that it wasn’t that long ago that taking someone else’s money for doing absolutely nothing was demeaning and lowered self esteem.

If we are expected to pay for other people’s mistakes we should at least attempt to make them learn from their bad choices. The current system rewards them for continuing to make bad choices.

Alfred W. Evans, Gatesville

Thanks Ray Springer, Fellow Denison employee

Is it too radical to have the laws of the land apply equally to all citizens, including our Congressional Delegation?
The 26th amendment (granting the right to vote for 18 year-olds) took only 3 months & 8 days to be ratified! Why? Simple! The people demanded it. That was in 1971... before computers, before e-mail, before cell phones, etc. Of the 27 amendments to the Constitution, seven took 1 year or less to become the law of the land... all because of public pressure.

I'm asking each addressee to forward this Email to a minimum of twenty people on their Address list; in turn ask each of those to do likewise. In three days, most people in The United States of America will have the message. This is one proposal that really should be passed around. Proposed 28th Amendment to the United States Constitution:


"Congress shall make no law that applies to the citizens of the United States that does not apply equally to the Senators and/or Representatives; and, Congress shall make no law that applies to the Senators and/or Representatives that does not apply equally to the citizens of the United States ."



You are one of my 20+. Please keep it going.

Clunker Math... Thanks Joe Troyan!

Where were the decimals? We know the politicos didn't buy new cars, we pay their travel expenses.

----- Original Message -----
From: "Joseph F Troyan"

Clunker math



The person who calculated this bit of information went to high school in Pittsburgh, Pa. He is now & has been a professor at The University of West Virginia in Morgantown, West Virginia for the last forty some years. I never looked at the clunker program in such depth.


Clunker Math



Think of it this way: A clunker that travels 12,000 miles a year at 15 mpg uses 800 gallons of gas a year. A vehicle that travels 12,000 miles a year at 25 mpg uses 480 gallons a year. So, the average Cash for Clunkers transaction will reduce US gasoline consumption by 320 gallons per year. They claim 700,000 vehicles so that's 224 million gallons saved per year. That equates to a bit over 5 million barrels of oil. 5 million barrels is about 5 hours worth of US consumption. More importantly, 5 million barrels of oil at $70 per barrel costs about $350 million dollars So, the government paid $3 billion of our tax dollars to save $350 million.

We spent $8.57 for every dollar we saved.


I'm pretty sure they will do a great job with our health care, though.

44 Billion per year tio Illegals... Lame Duck Congress

$44 billion to illegals

World Net Daily Exclusive
--------------------------------------------------------------------------------
INVASION USA

Dems want to hand $44 billion to illegals
Provisions in Dream Act qualify undocumented for fed money

--------------------------------------------------------------------------------
Posted: November 25, 2010
9:05 pm Eastern


By Eugene Koprowski
© 2010 WorldNetDaily
Want to know how the lame ducks in Congress plan to "cut" federal spending – which seemed to be a dominating theme of the 2010 elections? They're proposing a plan to take upwards of $44 billion a year from taxpayers and hand it over to illegal aliens who are in the United States so they can go to "college".
The plan is called the Dream Act, for Development, Relief and Education of Alien Minors, and its critics know it as an amnesty program for illegal aliens. Its supporters say anyone who doesn't want to spend the money on college subsidies for illegal aliens is "racist."
But policy experts are warning the act is truly transformative and in the end, among other things, would authorize federal "loans" to literally millions of newly qualified applicants and provide a preference for the children of illegal aliens in state college admissions.
The Late Great USA" and find out how America is giving away its sovereignty
According to the Department of Education, the maximum amount one can borrow per year for undergraduate education from the federal government is $21,000. And the Dream Act would incorporate some 2.1 million new "students" into programs under which they would qualify for those loans.
"Senate Majority Leader Harry Reid [D-Nev.] has placed S. 2837, the Dream Act, on the legislative calendar, and has indicated he will seek a vote during the lame duck session of Congress," Sen. Jeff Sessions, R-Ala., ranking GOP member on the Senate Judiciary Committee, said in an immigration alert. "The Dream Act will give them access to in-state tuition rates at public universities, federal "student loans" and federal work-study programs." The education provisions are buried deep within the text of a general, overall amnesty bill, which may make the U.S. the new legal home for millions of now-illegal aliens, including criminals, Sessions said.
Opponents say the lame duck session of Congress should not move forward on issues that previously were rejected by lawmakers, especially on such monumental and controversial topics.
While the issue needs to be addressed, they said, it needs a full discussion.
True immigration reform "deserves comprehensive legislation that addresses all aspects of the subject, balancing all legitimate interests," said Joseph A. Morris, a board member of the American Conservative Union and a former associate attorney general of the U.S. under President Reagan.
"It should go to the head of the agenda in the new Congress, so that there is plenty of time for thorough hearings and an open and informed national debate," he said.
But many say plans to address the landmark change not only are being pushed now by Reid, who failed to get it through the U.S. Senate earlier, and outgoing House Speaker Nancy Pelosi, but they are planning to march it through the process without hearings.
Sessions said some of the more stunning provisions of the plan are:

Section 3 of the bill repeals Section 505 of the "Illegal Immigration Reform and Immigrant Responsibility Act of 1996" (8 U.S. Code 1623) which currently prohibits the government from giving educational benefits to any "unlawfully present individual," thus ensuring that illegal aliens will qualify for "in-state tuition," at the state college of their choice, even if they live in another state.


Section 10 of the act enables illegal aliens who receive amnesty under the bill's general provisions to apply for federally guaranteed student loans under Title IV of the "Higher Education Act of 1965" (20 U.S. Code, et seq.), including Stafford Loans, Perkins Loans, Federal Direct Stafford/Ford loans, federal work-study programs and federally sponsored tutoring and counseling.


Another section of the bill ensures that illegal aliens can continue to receive these federal student loans, which are often used to cover living expenses, as well as tuition, over the course of eight years, even if they do not complete a college "degree".
An earlier version of the bill failed in the Senate in September, garnering only 56 Democratic votes, when it needed 60 to prevent a GOP filibuster.
Reid, with his renewed push for the drastic changes, is believed by some observers to be paying back Latino supporters, who helped him narrowly defeat tea party favorite Sharron Angle in the Nevada senate race a few weeks ago, by bringing the controversial measure back, and enhancing it with additional goodies.
Other radical left politicians, like Rep. Jesse Jackson Jr., D-Ill., a key ally of Pelosi, D-Calif., are also publicly supporting the bill in the House.
"At a time when natural born Americans cannot afford to send their kids to college, watching the federal government take their tax dollars to pay for tuition on behalf of illegal aliens is a clear slap in the face," Rev. Isaac C. Hayes, the GOP nominee against Jesse Jackson Jr. this past fall and an emerging voice in the African-American conservative movement, told WND.
"Jesse Jackson Jr. is a staunch supporter of this amnesty bill and has demonstrated the ultimate betrayal to his "community" , " he said.
Democrats, however, are feeling pressure. It appears clear if President Obama, a supporter of amnesty, does not get the bill through during the lame duck session of Congress, he will not see it passed at any time during the remaining two years of his term.
Rep. Lamar Smith, R-Texas, author of the 1986 immigration reform bill and incoming chairman of the House Judiciary Committee, has signaled that liberal spending programs that put taxpayers on the hook no longer on the table in the U.S. House, where Republicans will be the majority. His comments came when he said this week that he and his colleagues would be "moving forward with our agenda to rein in government spending and create more jobs."
It was Colin O'Donohoe, artistic director for the Pangean Orchestra, an all-illegal alien performing troupe, who said, "I believe the issue is purely racist in nature and does nothing more than stir up hatred for Hispanics.
"Our country has hundreds of years of history in allowing people to immigrate. Now that the economy is weak we are turning our anger towards the easiest target which is the people least able to defend themselves," he said.
E.W. Jackson Sr., who works with STAND PAC, recently wrote the Dream Act is a nightmare that will lead to chaos.
"I know why Reid and his liberal Democrats want to pass the Dream Act. They just lost an election, and they're scared. When they look at 2012, they see their prospects for success are dismal, because Americans aren't coming on board with their big government agenda.
"They desperately need to gather up millions of new voters who will support them. What better way to do this than to open up a wealth of entitlements for millions of people here illegally, making them beholden to Democrats and their socialist agenda!"
He warned, "You are going to pay for it … Dream Act recipients will immediately become eligible for federal student loans, work study programs and other forms of "financial aid" – all on your dime."

Yoursocial security card History mm Thanks John!

It was thought to be a party for the workers.  Now it should be called the demoncrats for their actions contrary top the workers' interests, John.

Sam



John & Yvette Massey

1988 Marblecliff Crossing Court, Columbus, Ohio 43204-4966.

Telephone: 614-486-7102; E-mail: .



History Lesson on Your Social Security Card



Your Social Security



Just in case some of you young whippersnappers (& some older ones) didn't know this. It's easy to check out, if you don't believe it. Be sure and show it to your kids. They need a little history lesson on what's what and it doesn't matter whether you are Democrat or Republican. Facts are Facts!!!

Social Security Cards up until the 1980s expressly stated the number and card were not to be used for identification purposes. Since nearly everyone in the United States now has a number, it became convenient to use it anyway and the message was removed.



An old Social Security card with the "NOT FOR IDENTIFICATION" message.

Our Social Security



Frank lin Roosevelt, a Democrat, introduced the Social

Security (FICA) Program. He promised:



1.) That participation in the Program would be

Completely voluntary,



No longer Voluntary





2.) That the participants would only have to pay

1% of the first $1,400 of their annual

Incomes into the Program,



Now 7.65%

On the first $90,000





3.) That the money the participants elected to put

Into the Program would be deductible from

Their income for tax purposes each year,



No longer tax deductible





4.) That the money the participants put into the

Independent 'Trust Fund' rather than into the

General operating fund, and therefore, would

Only be used to fund the Social Security

Retirement Program, and no other

Government program, and,



Under Johnson the money was moved to

The General Fund and Spent





5.) That the annuity payments to the retirees would never be taxed as income.



Under Clinton &Gore

Up to 85% of your Social Security can be Taxed



Since many of us have paid into FICA for years and are

Now receiving a Social Security check every month --

And then finding that we are getting taxed on 85% of

The money we paid to the Federal government to 'put

Away -- you may be interested in the following:



------------ --------- --------- --------- --------- --------- ----



Q: Which Political Party took Social Security from the

Independent 'Trust Fund' and put it into the

General fund so that Congress could spend it?



A: It was Lyndon Johnson and the democratically

Controlled House and Senate.



------------ --------- --------- --------- --------- --------- --------- --



Q: Which Political Party eliminated the income tax

Deduction for Social Security (FICA) withholding?



A: The Democratic Party.



------------ --------- --------- --------- --------- --------- --------- -----



Q: Which Political Party started taxing Social

Security annuities?



A: The Democratic Party, with Al Gore casting the

'tie-breaking' deciding vote as President of the

Senate, while he was Vice President of the US



------------ --------- --------- --------- --------- --------- --------- -



Q: Which Political Party decided to start

Giving annuity payments to immigrants?



AND MY FAVORITE:



A: That's right!



Jimmy Carter and the Democratic Party. Immigrants moved into this country, and at age 65,

Began to receive Social Security payments! The

Democratic Party gave these payments to them,

Even though they never paid a dime into it!



------------ -- ------------ --------- ----- ------------ --------- ---------



Then, after violating the original contract (FICA),

The Democrats turn around and tell you that the Republicans want to take your Social Security away!



And the worst part about it is uninformed citizens believe it!

If enough people receive this, maybe a seed of

Awareness will be planted and maybe changes will

Evolve. Maybe not, some Democrats are awfully

Sure of what isn't so.



But it's worth a try. Actions speak louder than bumper stickers.



AND CONGRESS GIVES THEMSELVES 100% RETIREMENT FOR ONLY SERVING ONE TERM!!!







Throw the bums out.........

Great quote- Thanks Ralph!

All workers at the Portsmouth Gaseous Diffusion plant were required to p[ass a security investigation. I believe that all government representatives should have the same requirements.




We may survive this guy, but he is currently Commander in Chief and probably the greatest threat to this country's security.



Sam





----- Original Message -----

From: Ralph Hovermale

To: Ralph Hovermale

Sent: Sunday, October 31, 2010 18:34

Subject: Great Quote




Some people have the vocabulary to sum up things in a way you can understand them. This quote came from the Czech Republic. Someone over there has it figured out.





"The danger to America is not Barack Obama but a citizenry capable of entrusting a man like him with the Presidency. It will be far easier to limit and undo the follies of an Obama presidency than to restore the necessary common sense and good judgment to a depraved electorate willing to have such a man for their president. The problem is much deeper and far more serious than Mr. Obama, who is a mere symptom of what ails America. Blaming the prince of the fools should not blind anyone to the vast confederacy of fools that made him their prince. The Republic can survive a Barack Obama, who is, after all, merely a fool. It is less likely to survive a multitude of fools such as those who made him their president."

Internet warning from Jackie Brown (PHS 55)

Thanks Jackie! Deliver us from all evil. Vote November 2!  I know you will vote!




Sam

----- Original Message -----

From: Jackie Brown

Sent: Friday, October 29, 2010 20:08

Subject: Fw: Internet Warning













Subject: Internet Warning



Internet Warning.



If you get an email entitled Nude Photo of Nancy Pelosi. DON'T open it.

It contains a nude photo of Nancy Pelosi.

Gross income tax- H.R. 4646 Another tax ruse by o

Thanks Marge. Little o and his demoncrats are dangerous to our republic/democracy!




Sam

----- Original Message -----

From: kanzurem@aol.com

@yahoo.com ; davidjbaldwin@hotmail.com ; Amberose88@aol.com

Sent: Monday, October 25, 2010 09:23

Subject: H. R. 4646 you must read Bill to pass nlt Dec 23, 2010




just Google "HR 4646" ~ you can confirm and it is no exaggeration.



--------------------------------------------------------------------------------





H. R. 4646 I have gone into THOMAS (Library of Congress) and printed out and read all 15 pages of this bill which has been given the "Short Title" of "Debt Free America Act." It is the most socialistic thing I have ever read. Just think, if you deposit $5,000.00 into your checking account or savings account the bank has to take out 1% or $50.00 of that money and send it to Washington . Then, any checks or cash you take out of your bank they will deduct 1% from what is still in the bank and send it to Washington . Total put in the Bank $5,000.00. $100.00 of that you give to Washington .

This bill, spells it out that everyone will pay the Government 1% of their gross income. Page 9 states the House and Senate shall convene not later than November 23, 2010 and Page 11 states the vote on passage shall occur not later than December 23, 2010.



SEND THIS TO EVERYONE YOU KNOW AND EVERYONE NEEDS TO CONTACT THEIR CONGRESSMAN AND SENATOR AND TELL THEM

TO VOTE NO ON THIS BILL.

If you don't know who your Congressman or Senator is, go to Google, type in "(your state) Congressman email address". When it comes up, click on "Complete E-mail address for Congress/House,

Senate, Governors and get both e-mail and FAX info.

The bill is HR-4646 introduced by US Rep Peter DeFazio D-Oregon and US Senator Tom Harkin D-Iowa. It is now in committee and will probably not be brought out until after the Nov. elections. Suggest that you pass this along and also to your state senator and representative and US congressman and Senators.

One percent transaction tax is proposed President Obama's finance team is recommending a transaction tax. His plan is to sneak it in after the November election to keep it under the radar. This is a 1% tax on all transactions at any financial institution i. e. Banks, Credit Unions, etc.. Any deposit you make, or move around within your account, i. e. transfer to, will have a 1% tax charged. If your pay check or your social Security or whatever is direct deposit, 1% tax charged. If you hand carry a check in to deposit, 1% tax charged, If you take cash in to deposit, 1% tax charged. This is from the man who promised that if you make under $250,000 per year, you will not see one penny of new tax. Keep your eyes and ears open, you will be amazed at what you learn. Some will say aw it's just 1%... remember once the tax is there they can raise it at will.

Rep. Chaka Fattah [D-PA2] is the sponsor



2/23/2010--Introduced.

Debt Free America Act - States as purposes of this Act the raising of sufficient revenue from a fee on transactions to eliminate the national debt within seven years and the phasing out of the individual income tax. Amends the Internal Revenue Code to impose a 1% fee, offset by a corresponding non-refundable income tax credit, on transactions that use a payment instrument, including any check, cash, credit card, transfer of stock, bonds, or other financial instrument. Defines "transaction" to include retail and wholesale sales, purchases of intermediate goods, and financial and intangible transactions. Establishes in the legislative branch the Bipartisan Task Force for Responsible Fiscal Action to review the fiscal imbalance of the federal government and make recommendations to improve such imbalance. Provides for expedited consideration by Congress of Task Force recommendations. Repeals after 2017 the individual income tax, refundable and nonrefundable personal tax credits, and the alternative minimum tax (AMT) on individuals. Directs the Secretary of the Treasury to: (1) prioritize the repayment of the national debt to protect the fiscal stability of the United States ; and (2) study and report to Congress on the implementation of this Act.

=