The House has approved a crony Corporatist budget deal that will wreck America & the budget that should be on the table Updated

Senator Patty Murray and Rep. Paul Ryan cut a deal on behalf of government cronies in the top 0.1%.
The only people that will benefit from this deal are crony Corporations, financial speculators and
banksters.
A few thousand people will benefit from the budget deal. Over 300 million Americans will be worse off.


The House has approved a budget that :-

Increases spending by $60bn a year, increasing the over $1.3tn of annual crony Corporate welfare.
Keeps the massive $200bn a year tax hike on the poor and middle class from the disastrous fiscal cliff deal.

Raises taxes via fees.
Fees actually increase the proportion and burden of taxation that fall on the poor and middle class, they hardly affect the rich at all.
Increasing taxes on the middle class and the poor will lower future GDP growth and increase future unemployment.
If the government takes more from people who are already on the breadline or who are struggling to cope, they won't have that money to spend on other things and the overall economy will suffer as a result.

Cuts Veteran's pensions via a 1% cut in COLA.

Update 12/17 - Cuts Medicare spending by $22bn to pay for Corporate Pork
http://www.breitbart.com/Big-Government/2013/12/17/Sessions-Ryan-Murray-budget-deal-uses-double-counting-just-like-Obamacare

Does nothing to improve future economic growth.

Does nothing to resolve the looming fiscal deficit - by 2023:-
Spending will be around $6tn
The deficit will be well over $3tn
The National Debt will be over $40tn

The budget that SHOULD be on the table

Immediate cuts of $1.3tn to annual crony Corporate Welfare

Use that money to :-

Lower taxes on middle earners and below -
an immediate increase in the income tax thresh hold to $45,000 a year (from $8,500)
Reverse the $108bn payroll tax hike

Help for small and medium sized businesses which are the true job and wealth creators in America.
Remove all the tax loopholes and subsidies to the crony Corporations and use that money to cut Corporation Tax to 25% for EVERYONE.

Make the first $100,000 of profits tax free, like Singapore does.

The measures above will get bottom up spending and recruitment going again.

What do you want to do with the rest of the over $600bn a year we have just saved?

There are reasons as to why Singapore remains in the top 5 wealthiest countries, while America has slipped from 1st to 17th and still falling.

The Singapore government helps the little guy to thrive, while the American government now grinds the little guy into the dust in return for campaign donations from wealthy crony Corporate elites.

The details of the budget deal that should be on the table
http://ian56.blogspot.com/2013/10/the-disastrous-fiscal-cliff-backroom.html

The detailed list of items of crony Corporate Welfare that add up to over $1.3tn a year
http://ian56.blogspot.com/2012/11/it-is-very-easy-to-cut-1tn-from-federal.html

U.S. Corporation Tax rates for 2013 
Note that successful small and medium sized businesses are the most heavily taxed of all.
They pay 39% Corporation Tax on profits between $100,000 and $335,000.
http://biztaxlaw.about.com/od/businesstaxes/a/corptaxrate.htm
So as soon as a young business starts becoming really successful and is making taxable profits of over $100,000 a year, the U.S. government thinks it is best to start taxing them to death.  
No wonder that the number of new business start ups and the number of people employed in those new start ups, is rapidly declining.
http://ian56.blogspot.com/2013/05/business-start-ups-bls-birthdeath-model.html

Update 12/13
The list of RINO's and extremists that voted for this disastrous budget deal
Every single one needs to be removed from office.
http://clerk.house.gov/evs/2013/roll640.xml

It's about time we took this country back from the extremists
http://ian56.blogspot.com/2013/11/the-extremists-are-those-that-advocate.html

This budget deal will make the already dire economic situation even worse.
November jobs report without the hype - only 41,500 new jobs, REAL unemployment has gone UP
http://ian56.blogspot.com/2013/12/november-jobs-report-without-hype-only.html