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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMcConnell: We Can’t Afford To Fund Highways Unless We Cut Benefits For Seniors And The Disabled
http://www.occupydemocrats.com/mcconnell-we-cant-afford-to-fund-highways-unless-we-cut-benefits-for-seniors-and-the-disabled/Senator Majority Leader Mitch McConnell promised America that he would introduce a long-term funding bill for the Highway Trust Fund this month, but his plans to fund it leave much to be desired. McConnells bill would raise about $80 billion and fund projects for up to four years, but almost half of that would be raised on the backs of federal employees. The Majority Leaders proposal would raise $30 billion by cutting the return investment rate on a retirement investment plan that many of our governments employees invest in. ...
The retirement plan that would bear the brunt of the cuts is the G-Fund option in the federal Thrift Savings Program. Democrats say that if they were to allow the cuts it would have devastating effects on return investments for employees. McConnells proposal would cut the programs interest rate, which is based on a four-year average, to three months. This would make the returns much lower and not as safe as they are under the current system.
Another Republican option to raise the money for a long-term bill is to eliminate the Home Affordable Modification Program (HAMP). HAMP was established by President Obama in 2009 to help homeowners who were behind in their mortgage payments to refinance their loans by using funds from the 2008 bank bailout. The program has helped more than a million Americans stay in their homes; help that would no longer be available is the GOP has their way.
I'm getting a craving for turtle soup.
daleanime
(17,796 posts)yeoman6987
(14,449 posts)I just often wonder where all the gas tax money goes and the tolls vertically everywhere now. Of course throwing a few billion to roads won't bankrupt this country.
gratuitous
(82,849 posts)We haven't raised the federal gas tax in more than 20 years, still 18.4 cents per gallon. If we raised it by 50%, it would add about $1.10 to the price of a 12-gallon fill-up. The week-to-week float on gas prices can be more than that; who would even notice after a month?
Isn't it odd, though, that if we're going to pay for upkeep on our highways, Republicans insist that it be paid for by the most vulnerable of society's citizens. When Republicans want to get their war on (again), there's literally no price too steep to pay, even if we go several trillion dollars deeper into debt.
Cal Carpenter
(4,959 posts)There, I fixed it for ya.
mindwalker_i
(4,407 posts)The hand that's going up Mitch's ass and working his mouth will never make him suggest taxing the rich.
Blus4u
(608 posts)We could also lop off some of the bloat in the defense budget....now that the admin has proven diplomacy can work.
Edit to add link: http://www.democraticunderground.com/10026974468
Just depends on where your priorities lie.
Peace
smirkymonkey
(63,221 posts)It really is that simple. They want people who can't afford it to suffer, yet they are unwilling to give an inch. McConnell is such a fuckwit!
kentuck
(111,106 posts)and we can start at Mitch McConnell's front door...
udbcrzy2
(891 posts)hifiguy
(33,688 posts)Shit. He's PROUD of it.
randys1
(16,286 posts)through our heads, these people do want to destroy the American govt and replace it with an Oligarchy
It is not a secret
spanone
(135,857 posts)AwakeAtLast
(14,132 posts)Cut a few of those and we would have enough money to pave all of our driveways, too.
Journeyman
(15,036 posts)Are those the prime demographics for interstate travel?
Are they the ones demanding better roads for shipping their many purchases and facilitating their myriad business dealings?
Or has Turtleman taken leave of his senses?
Aayup . . .
TreasonousBastard
(43,049 posts)and the Navy admits to $8.5 billion each in 2012 dollars. So, with overruns and inflation, what will it really cost? But, of course, each one will save us $5 billion over its 50 year lifetime--so it's a bargain, right?
Granted, that's a lot of economic activity, but how about some serious economic activity in areas where we really need it. And killing the carrier project doesn't hurt the people cutting the other stuff does.
uriel1972
(4,261 posts)One_Life_To_Give
(6,036 posts)Anybody really think it's going to kill us to raise it a penny? We would raise over a Billion per year for that. Compared to some of the state increases many people wouldn't even notice. Could increase the Tire Tax as well although that doesn't have the revenue numbers of hitting Gas and Diesel.
KamaAina
(78,249 posts)(we don't have problems out here, we have "issues" )
Seems enough people out here have adopted electric cars that gas tax revenues are taking a hit, kind of like tobacco tax revenues did when the anti-smoking movement started to take hold.
dreamnightwind
(4,775 posts)KamaAina
(78,249 posts)but that would hammer all the people who can't afford to live in the Bay Area or L.A. and commute monstrous distances from the exurbs.
dreamnightwind
(4,775 posts)TexasMommaWithAHat
(3,212 posts)Electric car owners could pay a tax based on the mileage accrued. I would guess that Californians have to get their vehicles safety inspected like everyone else. It would not be difficult for the inspecting entity to record the mileage from one inspection to another and have the government send you a tax bill.
PowerToThePeople
(9,610 posts)Get rid of his salary and benifits.
meow2u3
(24,767 posts)To some hungry tigers.
FiveGoodMen
(20,018 posts)is doomed.
dreamnightwind
(4,775 posts)who are starved by McConnell's (actually his corporate backers') cuts. Problem solved.
Johonny
(20,872 posts)the GOP vision for a brighter future!
hobbit709
(41,694 posts)lpbk2713
(42,764 posts)Thanks to the US taxpayers. And thanks to the cong critters who made it that way.
He's a rethuglican. He couldn't care less about anyone else's retirement.
Brickbat
(19,339 posts)0rganism
(23,962 posts)i blame the people who elected him and made him majority leader
LongTomH
(8,636 posts)A sort of giant, turtle-like dinosaur:
MindPilot
(12,693 posts)They are also the product distribution network.
Explain it to him that way, and watch the funding spigot open up!
SoapBox
(18,791 posts)Why can't people figure out how much they hate Americans?!?
LiberalArkie
(15,727 posts)That's awful nice of them.
meow2u3
(24,767 posts)Blackmail/extortion attempt if you ask me.
ruffburr
(1,190 posts)F--K YOU , McConnell and all your Right Wing l
KamaAina
(78,249 posts)ruffburr
(1,190 posts)Scuba
(53,475 posts)... just what is it the defense budget is defending?