The Sky is falling-- The Sky is falling.... House vetoes recovery plan

Hey: The House actually Acted as the CONSTITUTION expected. They debated, and actually VETOED the "economic recovery act" that was written just yesterday...

Now I can't say (anymore), what a(bunch of) 'wuss' (to quote bugs bunny...).

And the Markets have fallen: down 700 points as of 2:30PM Monday.

So much for Trusting BUSHKIE for the third time without thinking about it..
Once Fooled, Twice shamed, third time paid attention...


There may actually be help after this all.

1. We will crash.
2. We WILL have problems.
3. We WILL have a DEPRESSION.
4. but We WILL survive.

we will NEED lots of help, but we need to reach the BOTTOM first.

We will reach the bottom.
The package has failed. The government has not failed yet.
And, the government WILL pick up the FDIC insurance on our bank accounts.


We need REFORM of Millionaire's Taxes.

WE need a MINIMUM Millionaire TAX:

NO one earning over ONE million dollars per year should be allowed
to pay ZERO (or less then zero--tax credits) taxes.


I propose a MINIMUM Millionaire Tax:

Gross income from ONE to FIVE million Dollars??
A minimum of ONE percent of your UNADJUSTED GROSS income... as your minimum income tax.

Gross income from FIVE to TEN million Dollars??
A minimum of Three percent of your UNADJUSTED GROSS income...as your minimum income tax.

Gross income from TEN to TWENTY million Dollars??
A minimum of TEN percent of your UNADJUSTED GROSS income...as your minimum income tax.

Gross income from TWENTY to FIFTY million Dollars??
A minimum of TWELVE percent of your UNADJUSTED GROSS income...as your minimum income tax.

Gross income OVER Fifty million Dollars??
A true bargain at a minimum of 14 percent of your UNADJUSTED GROSS income...as your minimum income tax.

THIS MIGHT HELP THE US economy.

---

OK, you wanted a Political discussion: Here goes.

The background I believe that:
* We're HEADING into a DEPRESSION.
* It's going to be as BAD as the last one.
* The current failures only bring us 25% into the problem!!
* According to Robert Reich (former Sec'y of Labor under Clinton): The only number that he EVER saw, defining the
depression was that the unemployment rate hovered around 25%.
* We need a new deal.
* After 58 years of NO Health Care Reform (since 1950!) it will FINALLY be coming soon...
* We've managed to WASTE a FULL generation (from Zero to thirty) with decaying social, educational, and interpersonal skills.
* Our nation is no longer DOING (producing) anything.
SO, from these few premises, I have extrapolated a great deal of items to FIX our society...

But....
We need to make sure that a number of issues are resolved ALL at once.
If we don't do them ALL at once, its like juggling three RUNNING chain saws, but dropping one!

Here's what I came up with:

We need to do the FOLLOWING to FIX our Society:
* Create A Living Wage
* Create a National Single payer Healthcare
* Create a National 3-4 year draft (or alternate service)
* Create a Federally paid Day Care starting at six months
* Implement Tax Reform on the ULTRA Rich
* Lobbying (Political Reform)
* Education
* Infrastructure (road /bridge/Systems repairs)
* Lack of Training/futures
* Truth and Reconciliation Commission
* A new "Manhattan" project, focusing on Energy INDEPENDENCE

See my other blog: http://sos-newdeal.blogspot.com for more details.