So, the truth comes out. For those of us that read what the IRS had to say about the legislation in the first place, we knew that we would be responsible for ‘paying back’ the ‘stimulus’ money at the end of the year, anyway. So, this is not news. Here are some gems in the above article and my comments on them:
And that could force some people to repay what the government gave them.
That who did what?!?!? That mentality really pisses me off! The government didn’t give anybody anything. They simply delayed the inevitable theft that they call income tax. This is the administration ‘giving’ you your own money and expecting to be thanked for the ‘gift’ before they turn around and take it back from you. Many of us have expected no different of the current administration.
Sen. Chuck Grassley of Iowa, the senior Republican on the Senate Finance Committee, called problems with the tax credit “another unfortunate example of what can happen when Congress and the White House rush through legislation like the stimulus without thinking through the consequences.”
No ****, Sherlock.
Separately, the IRS estimated that about 65,000 taxpayers could face penalties for not withholding enough taxes in 2009 because of the Making Work Pay tax credit. However, those taxpayers will be eligible to have the penalty waived, IRS spokeswoman Michelle Eldridge said.
Awe, that’s real sweet of them, isn’t it?
The Low Men in the current administration, including but not limited to San Fran Nan, Bawney Fwank, the ‘Czars’, and basically the entire Obama freak show are scoundrels and knaves. As Bawney Fwank said himself, “We are trying on every front to increase the role of government.” Actually, it was, “We awe twying on ebwy fwont to incwease da woll ov gobewnment.” There. I fixed it. Debacles such as this deal with the IRS withholding tables are par for the course when the government gets its sticky fingers in our personal business. I shall cite Social Security and the USPS as great examples of government involvement. According to the last statement that I got from the SS, if I hold out to retire when I’m 68, my government-imposed retirement plan will pay me about $1,800.00 a month. Given the rate of inflation, what will that be worth in the year 2046? Besides that, I think they’re being quite optimistic with that number, considering the system is basically bankrupt anyway. I like to think of it as the Flushing Toilet Retirement Plan. Yeah, the USPS isn’t doing so hot either, hence the ‘forever stamp‘ and its sliding scale of constant price increase. *Insert slide whistle noise.*
The last time we had a serious recession, we had a great man in the White House, who history remembers as being a great president. I will close with a quote from him.
The nine most terrifying words in the English language are, ‘I’m from the government and I’m here to help.’
And, just for bonus tickles, here’s the most appropriate Beatles song for the subject at hand: