March 13th, 2009  Comment On This Post
Some interesting articles to read:
Jonah Goldberg on never letting a good crisis go to waste.
In 2008, US household wealth fell by over $11 trillion. Here’s an idea. These people haven’t been punished enough. Let’s increase their taxes and let the government take whatever they have left.
The CEO of Blackstone says that 45% of the world’s wealth has been destroyed by this financial crisis.
The honeymoon is fading quickly .. which means that the Obama administration has to work even faster to get its agenda passed before it’s too late.
Barack Obama’s tax policies are going to turn Silicon Valley into a ghost town. How is that? By increasing taxes on the achievers. Let’s kill innovation for the sake of government power.
The Senate still has to have its way with this “cramdown bill” and it looks like we may have a vote on it this month. Look for the interest rates on new mortgages to go up as soon as these ignoranuses pass this thing.
Some politicians, including Republicans, are actually starting to feel sorry for Timothy Geithner. No way. The guy is a tax cheat - a willful and conscious tax cheat. If he can’t handle the job, find someone who can.
Obama’s third pick for Deputy Treasury Secretary has officially withdrawn his name from the candidate pool. That’s his third pick in just one week, by the way.
Freddie Mac is going to tap into another $30.8 billion in taxpayer dollars.
Some governors like Rick Perry of Texas rejected some of the federal stimulus money for unemployment because it would require a change in the state’s definition of unemployment.
Obama is going to be the first president since Grover Cleveland to miss the annual Gridiron Dinner. Not much of a jock sniffer, I guess. Maybe if they could just make hammering high-achievers a sport. Wait! It already is.
Utah’s solution to budget woes .. put a tax on caffeine. I know it’s hard to believe, but I drink decaf.
What would Bernie Madoff’s punishment be if he lived in countries without our judicial system? I rather like the idea of hanging him by his …….. oh hell, never mind.
How come we never heard about this guy trying to build a dirty bomb in Maine last year?
Atlas Shrugged updated for the financial crisis? WTH?
March 10th, 2009 Comment On This Post
 IRS is getting rid of private debt collectors which had access to records pertaining to your tax debt.
The justification for the private debt collectors in the first place had always been that private industry can work more efficiently than government. That’s usually true in most cases. However, in this instance, the office of the National Taxpayer Advocate reports that the third party bill collectors actually cost more in expense than they were able to collect.
The IRS will, of course, now have to hire more collectors of their own to go after those people who haven’t paid their back taxes. And that would be an increase in government and an increase in taxes on your hard earned paycheck.
If you owe money to the IRS and can’t pay, it’s tempting to not file. You probably figure, “Well, I can’t pay, so does it really matter whether or not I file?”
Yes, it does. The IRS has 2 penalties — failure to file and failure to pay. The former is a heavy-duty one, while the latter brings with it a lower rate of interest than your typical credit card.
Make sure you file on time even if you don’t have any money to pay. The IRS actually has an offer in compromise program where you can pay as you go if you’re financially stretched.
Are you a small business owner who is having trouble staying open? There’s always that temptation to not send the withholding you keep out of your employees’ checks and use it to keep your doors open. But this is never a smart move. Just file on time and get on a repayment plan.
But, I have a solution for this pain in the ass problem called the IRS. What is it?
It is called the Fair Tax Act. What is the Fair Tax? The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including a progressive national retail sales tax, a prebate to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue neutrality, and, through companion legislation, the repeal of the 16th Amendment.
* Enables workers to keep their entire paychecks
* Enables retirees to keep their entire pensions
* Refunds in advance the tax on purchases of basic necessities
* Allows American products to compete fairly
* Brings transparency and accountability to tax policy
* Ensures Social Security and Medicare funding
* Closes all loopholes and brings fairness to taxation
* Abolishes the IRS
Bill Archer, former head of House Ways and Means Committee did a survey on the fair tax. The survey was conducted among 500 European companies. One simple question was asked, ” What would you do if the U.S. installed the FairTax.” The responses where astounding. Four hundred said they would build their next plant here. The remaining one hundred said they would move their corporate headquarters here. My guess is that this would be just the tip of the iceberg as to what would follow. Our current tax code does the exact opposite. Product labels would contain the same foreign corporate names but the labels would also contain ” MADE IN THE U.S.A.”
For more info on the Fair Tax. Link.
March 8th, 2009 Comment On This Post
 Some interesting articles by Neal Boortz:
How Obama Gets Things Done
Barack Obama .. he’s a do whatever you have to do to win kinda guy. Don’t you just love that about him? So … how does Obama plan to ram through his healthcare and energy schemes? After all, he doesn’t have a filibuster-proof majority in the Senate. Surely there’s something he can do. As a matter of fact, there is! He will use a procedural tactic that would only require 50 votes in order to pass the Senate. Here’s the deal. You include your health “reforms” in a budget reconciliation bill. These bills require only 50 votes to pass and no filibuster is permitted. Peter Orszag is the director of the Office of Management and Budget. Now he says that he would prefer that this budget reconciliation process not be used, but, after all, health care is crucial … and when you dealing with something so very important like this you may just have to use some awkward tactics. After all … as Orszag says, healthcare is “the key to our fiscal future.” More like the key to increased government dependency. Read the full story.
How To Not Make Money
I’ve been telling you that Barack Obama’s plans to tax the evil, filthy ugly rich is going to lead to an economic shutdown. At some point, the achievers are going to give up. They are going to get sick and tired of working hard to achieve and succeed and see their earned wealth be taken away by the point of a gun and given to someone to buy tire shine for the wheels on their house. Read the full story.
Fairness??? A Tax Code Based On Fairness?
Ya don’t say. But you knew what you were getting into when you voted for this guy. The American Idol, Entertainment Tonight, People Magazine YouTube crowd knowingly voted for a man who campaigned on the idea of our tax code being based on “fairness.” Or on “neighborliness.” Or “spreading the wealth around.” And it looks like Obama’s Treasury Secretary is of the same mindset. Read the full story.
The Mortgage Plan
Barack Obama released details of his plan to help homeowners avoid foreclosure. The good news is I have yet to find a provision that would allow bankruptcy judges to reduce the principal amount due under a mortgage loan. Maybe that’s been dumped … or maybe it comes later and under the radar. As it stands now mortgage modification will occur only if borrowers provide their most recent tax return and two pay stubs, as well as an “affidavit of financial hardship.” In the affidavit, they have to cite the reasons behind their financial woes, like losing a job or some drop in income. Oh and by the way, mortgages for single-family properties that are worth more than $729,750 are excluded from the program. The borrower will also have to show that they exhausted all remedies in personal negotiations with the lender before they will be allowed in the bankruptcy court. That great symbol of government education, Congresswoman Maxine Waters of California, refers to this process as “going through all that mess.” Read the full story.
The Latest From The Tax Cheat
Unless you haven’t really been paying attention, you must realize by now that Obama’s plans to increase taxes on every American by increasing the cost of energy in this country. We’ve been through this routine before. But now we have a new line from the Obama administration … Read the full story.
March 8th, 2009 Comment On This Post
 Some interesting articles by John Stossel:
Real Jobs Create Wealth
So, President Obama got his stimulus bill. For a mere $787 billion, he has pledged to “save or create” 3.5 million jobs. That’s only $224,857 and change per job! (If I still have my job next year, will he take credit for saving it?)
But wait. Only 3.5 million jobs? Why so few? It’s not like creating jobs is difficult.
Egypt built more than 100 pyramids beginning sometime in the third millennium B.C. to house the corpses of the pharaohs and their significant others. Think of all the jobs that project created. I’ll bet the unemployment rate was something any pharaoh could have proudly campaigned for re-election on — if he faced election, that is. Pyramid-building is one heck of a public works project.
Its economic significance was not lost on that great advocate of full employment through public works, John Maynard Keynes. The British economist, so in vogue today, famously wrote in “The General Theory” (1936), “Pyramid-building, earthquakes, even wars, may serve to increase wealth.” Read the full story.
Obama the Spender Goes to Washington
How lucky we are to have Barack Obama as president. He’s already come up with a revolutionary idea that escaped his predecessors: He’s going to scour the budget for … “waste and inefficiency” “… go line by line through the federal budget in order to eliminate wasteful and ineffective programs.”
It’s astonishing that no one has thought of this before. Who knew programs could actually be eliminated just because they don’t work and waste taxpayers’ money?
And he’s making progress.
“[W]e have already identified $2 trillion in savings over the next decade.”
How will he do it? Here’s an example: “Agriculture Secretary [Tom] Vilsack is saving nearly $20 million with reforms to modernize programs and streamline bureaucracy.”
Amazing! “Modernize and streamline.” It is indeed a new day. Read the full story.
Eminent Domain Run Amok
Susette Kelo, now 52 years old, had hoped to stay in her little pink house forever. She bought her New London, Conn., home in 1997 and fell in love with the neighborhood.
Then she learned that the government can just take your property, if doing so will improve the common good of the community. City officials said Kelo would be “fairly compensated” but said she didn’t have a choice about whether or not she would sell. Some people would call this stealing, but it’s not. It’s called “eminent domain,” a legal term that means “supreme lordship.”
Traditionally, governments use eminent domain to clear space for highways or railroads. In New London, town officials wanted the space for private developers. Chris Riley, who in 2001 represented the New London Development Corp., said that construction would bring in more than 5,000 jobs and $12.5 million in new local taxes. The city hired lawyer Wesley Horton to defend the redevelopment plan. Read the full story.
March 5th, 2009 Comment On This Post
Some interesting articles to read:
The Prime Minister of Great Britain wants to outlaw tax havens for all those evil rich people who hide their money overseas to avoid taxes. Pass all the laws you want my friend, the high-achievers will always find a way. It’s a matter of survival.
Democrats in the Senate want the Republicans to join them in creating a “Truth Commission” to investigate the Bush administration’s supposed abuse of power.
Obama’s tax hikes are meeting opposition from … Democrats?
The chairman of the FDIC says that the fund used to protect consumer deposits could soon dry up. Wonderful, just wonderful.
A Russian general has taken a page from the “911 was an inside job” crowd .. saying that the United States planned the satellite collision that happened in early February. Too much fermented potato juice, I suspect.
A bill currently in the House Energy and Commerce Committee would place tobacco under control of the Food and Drug Administration. Uh oh. Something else I can agree on? What a day!
Looks like Obama’s plans for energy-independence have run into a little snag … in New York, green projects are tied up in red tape because their projects will endanger bats, birds and other wildlife.
Can anybody please tell me why this news about Google giving out million dollar bonuses is a big deal? The company managed to turn in a profit, even in this economy. Darn right they should be giving bonuses. I have family members working for Google. Maybe I can float a loan.
Is anyone going to call out the AFL-CIO executives for having their winter meeting at a luxury resort in Miami? No Democrat, that’s for sure. I would like to know how many of them flew down there on a private jet.
Michelle Malkin keeps us updated on where your stimulus money is being spent .. on bike paths, sidewalks and beautification projects! Sounds like economic stimulus to me.
Apparently some Republicans in Missouri have downed the Obama birth certificate kool-aid. They have proposed a “voter bill of rights” to take care of any future situations.
Do you qualify for Barack Obama’s foreclosure prevention plan? The Washington Post has created a little interactive survey to find out.
Can listening to sexually aggressive lyrics prompt teenagers to have sex at an earlier age? Yeah … like they actually need prompting.
Here’s a classy 21-year-old woman who punched a flight attendant on a flight leaving from Tampa.
All articles were obtained from boortz.com
March 4th, 2009 Comment On This Post
Some interesting articles to read:
Russia says that it does not want to haggle over this missile defense shield and Iranian nuclear plans. This is Putin telling Obama “We’re calling the shots here.”
Here’s a real shocker .. Tim Geithner said that stabilizing the financial system is probably going to cost more than the original $700 billion plan.
Tomorrow the Congress is going to vote on this mortgage “cramdown” bill.
Does anybody find this a little humorous? Treasury Secretary Tim Geithner is going to set rules to limit the ability of international companies to avoid U.S. taxes.
Dick Morris explains how Obama and the Democrats are waging a war on prosperity.
Yesterday the Senate voted to keep all of their 8,500 earmarks in the omnibus spending bill.
The next looming $1 trillion bailout? Government pension plans.
Harry Reid say that Senate Republicans want Barack Obama to fail.
Do you know the truth about Obama’s scary Hoover-style taxhikes? With his new energy taxes, Obama is going to be raising taxes on everyone .. not just those filthy, evil rich people making over $250,000 a year.
Victor Davis Hanson says that after just five weeks, we can already tell what the next four years are going to look like.
Tony Blankley has a new bumper sticker slogan for ya .. Obama lied; the economy died.
“Creative tension.” That is how Henry Waxman describes the future of our healthcare system that includes both private and government insurers.
Jim Cramer said that “this is the greatest wealth destruction I’ve seen by a President.” The White House’s response was to say that Jim Cramer’s opinions are “geared to a very small audience.”
When you are trying to drive away the urban youth from your local mall .. Barry Manilow is the ticket.
A woman in Niagara Falls put on a sign on her private property saying “I rent three bedrooms [at her address to] white people Niagara Falls.” The police weren’t too happy about this one.
Someone has created a “bail me out” application for the iPhone where you can just press a button and magically be free of responsibility.
All articles were obtained from boortz.com
March 3rd, 2009 Comment On This Post
Some interesting articles to read:
How about that stock market yesterday? The Dow is now below 7000. That’s change you can believe in!
We’ve lost $3 trillion in American wealth since the election. Investors are walking away. Capital is on strike. Why? According to Investor’s Business Daily, the people with the money just have no confidence in the person with the power. Not good.
Hey! I have an idea! How about a double-dip recession! Now THAT’S change we can believe it. Just do everything exactly opposite of what Reagan did to get out of the 1981 recession .. and expect it to work.
Victor Davis Hanson with an excellent column. He says that Obama didn’t invent dishonesty in political discourse .. but he sure has a talent for it.
Saw this one coming .. Obama is willing to drop the missile shield plan in Eastern Europe so that Russia will help pressure Iran on its nuclear program.
The Obama administration has made public some secret anti-terrorism documents from the Bush administration.
A case being heard today before the Supreme Court might determine just how far the Congress can go in regulating political speech. Heads up.
The Gallup crowd has done a study of American Muslims. You might find the results interesting. They don’t apply to Snoop Doggy Muhammad Dog.
The Chairman of the Joint Chiefs of Staff says Iran has enough nuclear material to build a bomb. Iran recently launched a satellite into orbit. If you can launch a satellite into orbit you can launch a nuclear warhead to pretty much any spot on earth. Meanwhile … Obama is talking about canceling our plans for a defensive missile shield. WTF?
Pat Buchanan says that it is pitchfork time.
Blago gets six-figure advance to write a book. Anyone got six-figures? I can start writing as soon as the show is over.
This one is going to cause trouble. Thomas Sowell writes a column on the eloquence of Adolf Hitler. Then he mentions Ronald Reagan and … (gasp!) Barack Obama. Before the end of the day leftists are going to be screaming that Sowell has suggested that Obama is Hitler.
You’re kidding me, right? Madoff wants to keep his penthouse in NYC and another $62 million in assets? If he’s allowed to be one iota better off than the people he scammed then there is something bad wrong with our bankruptcy laws.
The CEO of Freddie Mac is resigning after just six months. That’s never a good sign.
Roll Call columnist Stuart Rothenberg wonders if the Republicans can loose even more seats in congress. Well .. judging by their continuing betrayal of their supports with mucho pork in the latest budget bill… I would say the answer is “yes.”
Attorney General Eric Holder says that “waterboarding” is out of the question as a possible interrogation technique for terrorism suspects. I’m sorry but it is not a form of torture.
Here we have yet another Barack Obama nominee with tax issues. This time it is Ron Kirk, the nominee for US Trade Representatives, who owes nearly $10,000. He says he will pay up.
Democrats want to drag some of the Obama children’s classmates out of their Sidwell Friends school and send them back to government schools. Will Obama stand up for these children? What? Are you kidding me? Not only no, but hell no. Not with the teacher’s unions watching his every move.
A bipartisan bill has been introduced that would consolidate and centralize the information on how banks use bailout money. What a concept!
A bill to regulate cigarettes has been reintroduced in the Congress by Henry Waxman.
More change you can believe it. If you want to give away some money … how would you like for Obama and Crowd to determine who you can and can’t give that money to, and base that determination on racial quotas?
Right now it looks like Arlen Specter is going to be the lone Republican that will support the union card check bill when it comes up for a vote. I’m not too worried though … the guy will be toast in 2010.
Apparently Nancy Pelosi has a naughty list .. would you care to see who is on it? Man I wish I was.
The Obama administration is still trying to fight the birth certificate crowd. Give it up, folks. The guy is president.
Remember the new $621 million Capitol Visitor Center in Washington? Turns out to be more trouble than it’s worth. Sounds about right for government.
Want to take any guesses as to the median price of a home sold in Detroit lately? I’ll give you a hint … $7,500. No I am not missing any zeros.
A study by the Gallup Organization found that Muslims in the United States are far happier than Muslims in other countries.
How much taxpayer money is being spent to cure this guy from his phobia of speed cameras?
A new study is out: “Freedom in the 50 States: Index of Personal and Economic Freedom.” Can you guess which states are ranked as the most “free”?
One out of every 55 residents in Louisiana is incarcerated, making it the #1 incarceration rate in the country.
All articles were obtained from boortz.com
March 2nd, 2009 Comment On This Post
The President’s budget highlights, released last week, took the ax to major subsidies to the oil and gas industry. Through the elimination of several tax breaks and royalty loopholes, the Administration tallied more than $30 billion in savings for U.S. taxpayers. The budget proposed repealing and adjusting oil and gas giveaways that included longstanding subsidies such as the passive loss exemption for oil and gas properties, and the percentage depletion allowance for oil and natural gas and the expensing of tangible drilling costs.
Read more about these tax breaks and other oil and gas tax breaks in the Taxpayers for Common Sense oil and gas subsidy analysis.
Information obtained from Taxpayers for Common Sense.
March 2nd, 2009 Comment On This Post
Some interesting articles to read:
Obama’s spending bill has over 9,000 earmarks and is going to increase spending by nearly 9% .. yeah, this is change we can believe in. This is Change that Will Destroy Us.
Here’s a real shocker .. the states received all of this money from this economic stimulus bill , but it still isn’t going to be enough for many of them. Please, sir. Can I have some more?
Barack Obama named Adolfo Carrion to be his Director of Urban Affairs … too bad the guy pocketed thousands of dollars in campaign cash from city developers whose projects he approved or funded with taxpayers’ money. By the way … if we’re going to have a Director of Urban Affairs, may I be the first to say: Secretary of Hip Hop?
Obama has officially chosen Kansas Governor Kathleen Sebelius to be his health and human services secretary.
This is a simple breakdown of how Obama’s tax plans are going to affect each tax bracket. If you’re achievement oriented you may not like this.
The Financial Times says that the Republicans were right all along about Obama .. this budget reveals the fact that Obama is, in fact, a liberal. It took the FT this long to figure that out? They need to listen to more talk radio in the FT editorial offices.
Obama reminds America, “You know that tough times for America often mean tougher times for African Americans.” Tough times mean tough times for people who revel in their victim status. As Dr. Robert Schuller says, “Tough times don’t last. Tough people do.”
UK Prime Minister Gordon Brown is headed to Washington to convince Barack Obama that we need a “global grand bargain,” otherwise known as a global new deal.
In Germany, the wealth-envy crowd is torching luxury cars in order to get back at all those greedy capitalists.
How bad could the union card check bill be? Apparently even worse than we thought.
Here are some thoughts from Mitt Romney on how Obama is doing so far. Imagine how different things could be if this guy was running the show. Oh … but he’s a Mormon! A socialist is OK .. but a Mormon?
AIG is getting another $30 billion in taxpayer assistance.
Sheriff Joe out there in Maricopa County, Arizona has some boxers in a bunch. Protestors are upset with his stance on illegal aliens.
When the times get tough, states start to think of any way they can to impose new taxes. And I mean any way …
FEMA employees in New Orleans have been accused of purposefully slowing down post-Katrina recovery in order to keep their government jobs. Sounds about right for government employees.
Studies show that older Americans are working longer, which means that younger Americans are being squeezed out of the job market. Reason? Older Americans have a work ethic.
Water authority officials in San Diego are spending $68,000 to print and distribute door tags to houses that use too much water.
A woman in Dayton was given a ticket for breastfeeding and talking on her cell phone while driving.
How about an $81 billion bill for gas? That was the case for one driver in Washington.
And now for a list of The 15 Strangest College Courses In America.
All articles were obtained from boortz.com
March 1st, 2009 1 Comment »
 I did a post on this months ago about a carbon cap tax policy and folks it is soon going to be a real thing:
President Barack Obama is banking on a landmark carbon gas cap-and-trade system to both fight climate change and pump 80 billion dollars into the Treasury purse to fund renewable energy programs.
The innovative program — similar to one already in place in Europe — would rev up US efforts against global warming by reducing the output of carbon dioxide and other polluting gases, while raising direly-needed revenue.
The administration’s proposed program was part of a 3.55-trillion-dollar budget unveiled by the president Thursday, which outlines a cap-and-trade system which would limit emissions of greenhouse gases by manufacturers, and permit companies to trade the right to pollute to other manufacturers.
The program forces heavy polluters to buy credits from companies that pollute less, creating financial incentives to fight global warming.
Did you happen to catch the one line in there about “while raising direly-needed revenue.” So every time that you drive your car, turn on a light or run your air conditioner, you will be contributing your money to the big government spending ideas of Barack Obama and his band of liberal goons. Thanks America for voting for this “change”. Global warming is a damn hoax just to tax us and to give government more power. I’m all for renewable energy, anything to get away from foreign oil, but you don’t use the excuse of renewable energy to tax the shit out of people and companies. Read the full story.
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