This news is kind of old but I just heard about it. Obviously this is completely insane. I don't really have anything else to say about it except that it is a clear sign of madness if not actually of end times.
Business: Cigarmakers in a panic: "Eric Newman punches the numbers on his calculator and gapes at the results one more time.
It's no mathematical error: The federal government has proposed raising taxes on premium cigars, the kind Newman's family has been rolling for decades in Ybor City, by as much as 20,000 percent.
As part of an increase in tobacco taxes designed to pay for children's health insurance, the nickel-per-cigar tax that has ruled the industry could rise to as much as $10 per cigar.
'I'm not sure in the history of man, since our forefathers founded the country in 1776, that there's ever been a tax increase of 20,000 percent,' said Newman, who runs the Tampa business founded by grandfather Julius Caesar Newman. 'They had the Boston Tea Party for less than this.'"
This is the same government that is spending $1 TRILLION on the war on Iraq. We are wasting 10% of the whole federal budget in a unnecessary and incompetently managed war that we are losing.
Analysis says war could cost $1 trillion
Budget office sees effect on taxpayers for decade
WASHINGTON -- The war in Iraq could ultimately cost well over a trillion dollars -- at least double what has already been spent -- including the long-term costs of replacing damaged equipment, caring for wounded troops, and aiding the Iraqi government, according to a new government analysis.
The United States has already allocated more than $500 billion on the day-to-day combat operations of what are now 190,000 troops and a variety of reconstruction efforts.
In a report to lawmakers yesterday, the nonpartisan Congressional Budget Office estimated that even under the rosiest scenario -- an immediate and substantial reduction of troops -- American taxpayers will feel the financial consequences of the war for at least a decade.
The calculations include the estimated cost to leave some US forces behind for at least several years to support the Iraqi government, but they also predict other long-term costs, such as extended medical care and disability compensation for wounded soldiers and survivor's benefits for the families of the thousands of combat-zone fatalities.
The cost of the war in Iraq and other military operations has soared to the point where "we are now spending on these activities more than 10 percent of all the government's annually appropriated funds," said Robert A. Sunshine, the budget office's assistant director for budget analysis.
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