So how much will my paycheck drop???

[BruteForce]

We're doomed. After watching the above YT video, I saw others that were similar in nature. Too damned many free loaders mooching off the system: Eventually the system will collapse (not if, but when)..

[Brian in SLC]

Nah, the back story on the video is really interesting. Its designed to piss you off, methinks.

Artist interview here:

http://www.rightthisminute.com/video...e-swipe-yo-ebt

"Chapter acts out character roles in her music using "Satire". Satire is primarily a literary genre or form, although in practice it can also be found in the graphic and performing arts. In satire, vices, follies, abuses, and shortcomings are held up to ridicule, ideally with the intent of shaming individuals, and society itself, into improvement. Although satire is usually meant to be funny, its greater purpose is often constructive social criticism, using wit as a weapon."

Seems like its working!

[Brian in SLC]

[BruteForce]

Regardless, per this article in 11 States, those on the government teet now outnumber tax payers:

http://theeconomiccollapseblog.com/a...s-in-11-states

[Iceaxe]

I thought some of you would be interested.... we did payroll yesterday (first pay period of 2013) and my employee's net paycheck (the amount they take home after taxes) dropped approximately 3%. This is where things settled after "The Deal".

What that means is if your paycheck used to be $2000 it will now be $1940. If your Check was $1000, it will now be $970.

Just though you would want to know. Barry has three more big budget showdowns starting in March. We either need to shrink the government or start paying even more.

[Scott P]

We either need to shrink the government or start paying even more.

Probably both if people are serious about reducing the deficit.

[Byron]

Probably both if people are serious about reducing the deficit.

I'm not so sure about that...I think the gov being cut down in size, entitlement reform, deregulation, lower tax rates and the economy booming will do the trick...without raising taxes. I'm willing to give that a shot. If it's not enough, well then maybe tax increases need to be added to the mix as well.

I think it's too bad Romney lost because he was going to unleash the energy sector. I think that would have been a huge kick start for the economy. As it is, we all have to pay more for no real movement towards the problem...I'll never vote for a Democrat.

[Scott P]

I'm not so sure about that...I think the gov being cut down in size, entitlement reform, deregulation, lower tax rates and the economy booming will do the trick...without raising taxes.

The majority of our taxpayer money goes to Federal Defense (and "Defense" should be in quotations for much of it), and Medicare/Medicaid/Social Security. Unless big cuts are made in those areas, the national debt will likely rise.

[ilanimaka]

It looks like my total tax hike is in the neighborhood of $900 - 1,400.

[Iceaxe]

A year, a day, a lifetime? Do you make $1 a day or 200k?

You probably need to give your increase as a % (old vs new) to compare apples to apples.

I don't think anyone in the under $250k a year category should see more than 3%.

Tap'n on my Galaxy G3

[Byron]

I don't think anyone in the under $250k a year category should see more than 3%.

You're right about that...I was able to skirt it with buying some new equipment. It's too bad they force me to spend, but at least I have something to show for it. They really should create more incentives for saving...I'd much rather have that money working to increase interest or dividends.