Tom Rinaldo
Tom Rinaldo's JournalSo Hurricane Sandy Recovery Costs = Total Annual New Tax Revenue From Expired Bush Tax Cuts
In a few weeks we will have spent all of our new tax revenue for 2013 dealing with a single weather related emergency. 61 Billion for Sandy times ten comes to 610 Billion Dollars - damn close to the amount of new revenue the fiscal cliff deal is projected to bring into the treasury over the next decade. More frequent Super Storms are forecast to hit the U.S. in coming years due to global climate change. It could be that we just failed to raise the new revenue needed just to pay for all of the weather disasters likely to hit the U.S. over the next ten years if they start becoming annual events. And already Republicans are making their predictable grumbling noises about not appropriating money to respond to national disasters without simultaneously cutting spending somewhere else.
Conservatives insist that we don't have a revenue problem, we have a spending problem. Well increasingly it looks like we now face a huge spending problem in part because of their decade long denial of the science of global warming.
Since Sherrod Brown and Bernie Sanders voted for it
I am inclined to believe that this was the best deal we could get with this President, with this Congress, at this time. Assuming the House passes it, a lot of major questions and decisions just got kicked down the road, but not very far down that road. "The game" is heading into extra innings. The final score remains undetermined.
Remember The Publishers Clearing House? The Van, the Balloons, the Giant Check prop?
People knoicking at the door to announce that someone's ultimate dream fantasy has just come true: You won! You're Rich!!! Do you know what their current ultimate windfall promise to some lucky American is? It's that you might open your front door to discover that YOU HAVE WON $5,000 A WEEK FOR LIFE!!!
Party Time! Tears, Cheers! That comes to an annual income of $260,000 a year! And if the current fiscal cliff negotiations go through as outlined, your family will still be able to earn another $190,000 a year on top of that without having a cent of your temporary Bush tax cuts taken away.
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Member since: Mon Oct 20, 2003, 06:39 PMNumber of posts: 22,912
