Corporations Owe Hundreds Of Billions Of Taxes. So The GOP Goes After Federal Employees.

[unhappycamper]

http://smirkingchimp.com/thread/dave-johnson/52904/corporations-owe-hundreds-of-billions-of-taxes-so-the-gop-goes-after-federal-employees

Corporations Owe Hundreds Of Billions Of Taxes. So The GOP Goes After Federal Employees.
by Dave Johnson | November 27, 2013 - 10:41am

Congress is again fighting over the budget with Republicans now demanding cuts in federal employee benefits. Is this really about the budget? Or is it about destroying government? Meanwhile hundreds of billions of taxes owed by corporations remain uncollected.

The recent Republican shutdown of the government ended with the can being kicked down the road, and the budget still in sequester and unresolved. The temporary funding runs out mid-January, and negotiators are trying to come up with a compromise. But Republicans insist that only cuts will be allowed, and that the sequester spending levels are the new normal.

Federal employees have endured a pay freeze for three years. They were furloughed during the government shutdown, they face ongoing furloughs because of the sequester cuts, and now they are being threatened with cuts in pay and pensions. WaPo reported in October that GOP lawmakers are eying federal-retiree benefits in upcoming budget talks.

~snip~

By the way, this is not part of the budget negotiations, but three Republican Senators have introduced a bill to just do away with pensions entirely.



unhappycamper comment: The three senators mentioned above are: Richard Burr (R-NC), Tom Coburn (R-OK), and Saxby Chambliss (R-GA) --> http://www.fedsmith.com/2013/11/13/senators-propose-to-end-pensions-for-new-federal-employees/

[upi402]

1. 'Currency Wars' by James Riockards

This book talks about kicking the can down the road and the possible resultant outcomes;

1) Chaos
2) SDR's (Special Drawing Rights - or just monetary credits created from thin air- by the G20 leaders only, the IMF - or pick a poison)
3) Gold based

The US government is not functional. There are no viable players who can command the media and educate voters. Just look at the "Democratic" President's appointments and determine if there is a possible rational scenario for dealing with debt and the house of cards USD.

Austerity will be forced on the distracted populous, coupled with more burden-shift to working and middle classes will continue until the crush point -IMHO.