The US Treasury Department reports that 2nd quarter 2009 tax receipts are down from 2nd quarter 2008 receipts. Individual Income Taxes are down a staggering 43.5%; Individual Employment Taxes are down 1.5%; Corporate Income Taxes are down a mind-boggling 57.3%; and All Other receipts are down 8.3%. We are getting deeper and deeper in the financial hole. The money is running out, as is President Obama’s political capital. It is heartening though, despite the financial picture, to see that the Blue Dog Democrats are stiffing the attempted coup to impose socialized medicine on the country, and the planned destruction of the American economy through carbon taxes via the odious Cap and Trade fraud will now not likely see the light of day. It is becoming increasingly clear that we have a fighting chance of saving our country from the radical lefties who seek to destroy it.
We must take heart even though we art
In doo doo deep and troubling
With O in charge it’s looming large
That taxes will be doubling
Cap and trade puts in the shade
All taxes gone before
It’s a good bet our national debt
Will melt our finance core
Economies when taxes ease
Rebound with mighty force
But O it seems will take our dreams
And stomp on them of course
When will it end when can we send
Chicago’s men back home
In three short years we’ll quell our fears
And elect the gal from Nome