Congressman Rangel’s attorney said of the House Ways and Means Chairman’s recently reported failure to report rental income on his 1040 that Rangel “did not realize he had to declare the money as income”. Isn’t the Ways and Means Committee the one that deals with tax legislation?

TWTP

I vote because it’s my duty to vote, but it’s been getting so disheartening these days. It seems like the only votes that really count nowadays are the ones with the largest bank accounts.

The last time politicians spoke the truth about the realistic nature of our economy was Jimmy Carter in his infamous “malaise speech” regarding our reliance upon foreign oil. Obviously, he was replaced and we haven’t had a political speech to talk tough money love since. These days, we get force fed optimism in every mind numbing political rant and they’re hardly worth listening too. Ex) how many times did Hillary say she would be the Dem’s nominee during her campaign? Too many to count.

On another note: Politicians (and most people too) don’t understand that the economy and person’s financial decisions aren’t static. They are dynamic. They change with the environment. So when the pols salivate at the idea of raising taxes on something and all the money they will get from it, they don’t realize that people will just stop buying/doing whatever it is and all that tax revenue won’t materialize.