House of Paine

uncle's borrowing: faith based financing

 
 the profit tax liberation movement 
 is mobilizing 
for another run at the federal treasury

  beware their terror cries

  in particular
  the dreadful
alt min menace 

but thiz social security privatization
done as a tax cut /
                     borrow substitute 
hell its  got sexy legs 

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=======================================


  as a fly by

  here's 
 nyt dribble 
on the bush tax strategy  


WASHINGTON, Nov. 3

 
" Mr. Bush has pledged 
  to push 
a TAX relief  agenda 
that could be
 more ambitious than 
the 2 trillion worth 
of tax cuts 
over 10 years 
that he signed 
  in his first term"
--------------------------------

nyt's version 
of little george's
two part plan 

 1)
" a fundamental overhaul 
of the income tax
 very likely in the direction
 of a system that lessens even further 
the taxation of investment income "


  "even further"
          indeed 
 seein as 
bush ranger
    job one domestically
   izz
        creating a totally 
                 tax free profit zone 

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

now for domestic  job two......   


2)
"  push for
 a partial privatization 
of Social Security 
That could eventually 
reduce costs 
but require borrowing 
more than $2 trillion
 over the next two decades"


  article sez no more

seems 
thiz iz quite  enough 
      to scare 
  the professuonal klasses 

remember:
 the ny  times iz 
a "wall street' bobby rubin 
budget balance 
beware the neurasthenic
global   bond market 
                        rag
  ------------------------------  
frankly

i like 
  the cut  
      of that SSI redesign

 

a real rum runner

  a boot leggers swifty


flyin the jolly rodger no doubt 
but 
borrow 2 trill
instead of extracting 
it from payrolls

of course
 i smell three card montee .....

  butfuck
I can't wait 
 to find out
 how they flip this
          to a prole rip  

got to be homer norquist time here 

i'll investigate and report back ....
----------------------------------------------------------

  bush 
 fiscal  task:
square this brand new set og cut outs
 with 
 an existing " structural "
              500 billion deficit

  
 nyt jitters again

" Federal tax revenue 
was $100 billion lower 
this year 
than when Mr. Bush took office
 but spending 
was  $400 billion higher"

gad zoooks 

 " even without any changes 
in the tax code
deficits may well
    total
 $4 trillion
 over the next 10 years"


" and  if Mr. Bush
 succeeds 
in making his 
existing tax cuts 
permanent 
that alone
 would add 
nearly  another
   1 trillion 
            to the deficit total  "
-------------------------------------------

 then there's 
  THE ALT MIN MENACE EMERGENCY 

"to re-engineer
 the alternative minimum tax"
 
why?
   
well
   cause that goo goo
snag the rich 
    frankenstein's monster izzz
  running out of control
and izz 
------------- " expected to engulf
                  as many as
           30 million families
                   by the end 
                      of this decade "----------------------

  BY ITSELF 
    defanging alt min 
 
"  could cost more than $500 billion"
------------------------------------------------------
 noto bene :
thIZ alt min "terror" 
  is a paper shark

but  this  ersatz  tax " jaws "
 might make a nice 
 battering ram
 (ala  the marriage penalty non sense)
    as the bushites
              mobilize
  chicken little suckeroos 
to cover
their 
further  tax burden shiftz
 off
"investment " income 

and on to 
 pay roll 
and consumer transactions
----------------------------------


what gets my goose neck STIFF

iz thiz whiff of  

     zero tax-BORROW MAX  

         hats will fly
           if 
 a brake thru 
    strategy  getz 
           introduced here

TALK ABOUT REPUBICANS GONE WILD .....


 we'll keep ya up dated 

thatz a promise

so stay tuned 
for  

Alias Paine and Abel 


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