taxes (49)
BEWARE OF HIDDEN TAXES ,TO " KICK-IN " AFTER THE NEXT ADMINISTRATION IS IN OFFICE !!!
DONE BE FORE ~
Why does BO not tell "we the people" the facts and post the actual dollar amount of Taxes paid by the Millionaires & Billionaires. There is not enough room on this post for all the zeros; so you will have to do the math. Very easy to find the amounts with a search. "Who Pays the most US Taxes". Buffet says "he pays less taxes than his secretary." OK Mr. Buffet why don't you give your empoyees a much needed RAISE? #game over!
According to the Office of Tax Analysis, the U.S. individual income tax is "highly progressive," with a small group of higher-income taxpayers paying most of the individual income taxes each year.
- In 2002 the latest year of available data, the top 5 percent of taxpayers paid more than one-half (53.8 percent) of all individual income taxes, but reported roughly one-third (30.6 percent) of income.
In April of this year everything "birther" changed: Obama released a supposed long form birth certificate.
Since then, top-flight analysis have piled on with no answer from the White house or analysists to defend the document: it's a fake. This is not some fringe analysis; Joesph Newcomer whose analysis of the Killian dicuments got dan rather fired from CBS News, Mara Zebest, whom everyone here has heard of, Ecomp Consultants who provide expert document wiitness testimony in court to a client list that reads like a Fortune 500 wish-list. They all say it's fake. So do others.
It's time that we - tea party patriots - start pressing this issue. It will takje a while even after Trump made the issue legit, so we better start now. the big problem, of course, is that it;s difficult to understand with certainty if you don;t know graphics. As a consequence, I have provided a basic primer for anyone and their congressmen, friends and relatives that has all the evidence reduced down to easy-to-understand, "Reader's Digest"-style bits that any adult can easily understand.
This site is safe, non-profit and is a tool you can use right away to get light bulbs going off even the dimmest heads.
Here's the link. God Bless:
http://www.evidencevault.blogspot.com/
I am a Texan and would love to be able to say Rick Perry was a true Patriot, but I can't. There are just too many questions that raise red flags. Let me share some of them with you and briefly. We must have answers to the following:
- Rick Perry was a democrat until 1989. He worked for Al Gore of all people! Why would he do that in the first place and why did he change parties? Can he criticize Gore and all that he stands for? Could it be that he is just infiltrating the Republican Tea Party to divert America yet again?
- Why did Perry wait until the Iowa caucus to declare and why was it in South Carolina instead of his home state of Texas? Could it be that he, like Comrade B.O. was trying to divert attention away from the influence of the Tea Party and the Republican Caucus in Iowa the day that the straw poll was to be announced? Now we know that Bachmann, the Tea Party front runner, was the straw poll favorite. It seems like Perry is either manipulating or a coward since he would not debate in Iowa.
- Why did Perry attend and participate in the pagan Bilderberg Group meeting in 2007? Obama also was invited and attended that secretive society of pagan globalists at one time. What was Perry's paper, which reportedly was about the relationship of state to federal governments really about?
- When Perry declared his candidacy in South Carolina, he did not say he wanted a smaller federal government. He said he wanted more jobs. That is not the role of a constitution republic. Only private individuals create jobs when they need help because their business is either starting up or growing. That rhetoric is no different than Obama's. Obama mistakenly thinks a bigger federal government will create more jobs. Does Perry also think that government creates jobs?
- Word has it that Perry has advocated free, or at least in-state, college tuition for illegal aliens. Is that true? That would suggest he does not believe in national sovereignty any more than Obama.
- Why is Perry in favor of the super highway that would divide the nation and destroy our national sovereignty?
- Is Perry a true Tea Party Republican who will reduce the size of government, reduce taxes, and regulatory burdens or is he just another wolf in sheep's clothing? Be suspicious! Ask the hard questions!
Stuck It to Us Lately?
by: Trent Derr - American Exceptionalism
By now most of us realize how Obamacare is designed to take control of healthcare decisions away from individuals and place them in the hands of bureaucrats. After all, Obama, Pelosi, and Reid understood that as government gains more control over healthcare, the politicians have even greater powers to “sell” favors by granting exceptions, waivers and special rules that favor their friends and those who will donate to their campaigns. This became all the more evident recently when 38 additional Obamacare waivers were granted to businesses in Nancy Pelosi’s district.
Unfortunately this level of institutionalized corruption in our Federal government has become commonplace. What isn’t as apparent is how Obamacare is designed to take money out of all of our wallets by enacting additional taxes and penalties. These taxes include increased Medicare taxes, penalties on plans the government feels offer to good of coverage, penalties on those who chose to not buy insurance and an excise tax on pharmaceutical companies.
1) Beginning in 2013, payroll taxes from Medicare will increase by 62% for households that the government has decided are “higher income”.
2) Similarly, Obamacare created a new 3.8% Medicare Tax on interest, dividends, royalties, rental income, capital gains, and annuities.
by: Trent Derr - American Exceptionalism
As part of their dogma, the Left believes society only operates “fairly” when more power is concentrated in the Federal Government and fewer rights are exercised independently by individuals. In their view, one of the major purposes of the Government is to equalize outcomes across society (try to find that in the Constitution). Note that it’s the equality of outcomes, not equality of opportunities, that is their definition of fairness. To achieve that goal, Liberals need an excuse to take rights and responsibilities from individuals and shift that power to the Government. Then that Governmental power can be used to institutionalize fairness by passing laws and regulations that provide for the equality of outcomes across society. However in spite of these plans, the Left has a major cultural roadblock in their way. One of our traditional American values is to treasure and defend our individual rights. When Americans are thinking rationally, we rarely, if ever, voluntarily give up any of our rights.
When the Liberals want to influence American opinion on an issue, they need to overcome that obstacle. To do so, they use a consistent formula to warp the public perception in their favor. Their approach does not involve an in-depth analysis of the facts with the subsequent generation of possible alternatives to be evaluated. Frankly facts get in their way. Their strategy is simply based on manipulating the public’s emotions. Liberals want to generate guilty feelings or stir up hate or trigger rage. Their tactic is to generate strong emotions in the public and with those emotions shut down rational thought. Create a crisis. Create an injustice. Pretend there is no time to think about, discuss, or even read the bill. We have to act now! Sound familiar? Continue...
Ya'll live long, strong and ornery,
Rajjpuut
Americans Now Learning Real History,
A recent Rasmussen Reports Survey seems to show that Americans are starting to understand that the country was NOT rescued from the Great Depression by government spending and government policies (a.k.a. interference in the free markets), but rather that the government actually cost the nation millions of jobs, intensified a normal recession with its increased spending, creating and lengthening the depression and eventually turning it into the “Great Depression.” The lesson, however, is not necessarily transferring into a greater understanding of today’s economics . . . .
http://www.rasmussenreports.com/public_content/business/general_business/february_2011/43_say_government_policy_mistakes_created_great_depression_of_1930s_26_disagree
According to the Rasmussen survey, 43% now say that government policy mistakes created the Great Depression of the ‘30s; while only 26% disagree and 31% say they are unsure. Americans, today however, are still greatly confused about the cause of the financial meltdown which, they think, began about October, 2007. More on that later . . . .
Despite the Rasmussen poll results, thanks to two and a half generations of revisionist history ,today far too many Americans still believe that Herbert Hoover was a) a conservative rather than a progressive b) that greedy Wall Street created the Great Depression c) that Hoover’s administration spent almost nothing fighting the economic problems d) that government spending can create jobs in the private sector e) that in 1932 Franklin Delano Roosevelt campaigned for president against Hoover’s “conservativism” f) that FDR did virtually everything entirely different than Hoover and g) that FDR saved the country from the Great Depression. Let’s quickly put those lies to rest before dealing with today’s situation, eh?
Since progressivism (we must ‘progress’ beyond the out-dated and seriously flawed U.S. Constitution if we are ever to make ‘progress’ toward an earthly socialist or even Marxist Utopia) first became a serious undercurrent in American Politics in the 1890’s only once in the following 120 years has a serious economic downturn been handled by pure conservative restraint . . . and no, Ronald Reagan was NOT president when that happened (Reagan actually increased government spending while cutting taxes extra-severely and created some whopping deficits in the process of also creating twenty million jobs).
Teddy Roosevelt was our first progressive president. You’ll remember that his “Bull Moose Party” was actually a third party officially known as, wait for it: the “Progressive Party.” Teddy certainly had done a lot of questionable and presumably out-and-out unconstitutional things earlier when he was a Republican president, luckily most of them worked out pretty well for the nation. Perhaps a Progressive president once every century or so wouldn’t be a bad thing, but certainly no more often?
Our first ultra-progressive president, Woodrow Wilson, however, was another story. Besides giving us the Federal Reserve Banking system and the income tax (still called today: “progressive” income tax), Wilson was a great propagandist who ran for a second term under the slogan “He kept us out of War” but within a month after his March, 1916 inauguration he deliberately and unnecessarily thrust us into World War I. He was the first truly big-spending president the country had ever known . . . way, way beyond the costs of the war. When his term was winding down, we were in a serious recession much worse than the recession sparked by the 1929 collapse. When he left office in March, 1921 the country was in a full-fledged depression.Curiously, those events are generally overlooked by history. People in the know, however, speak of “The Invisible Depression” or of the “Not-so-Great Depression.” Why was the Invisible Depression so invisible we don’t even know about it today?
Two things: 1) revisionist progressive historians have done everything possible to hide this quite remarkable set of events and keep us from comparing it to Franklin D. Roosevelt’s approach while creating an enormous myth of FDR as a savior and 2) these policies worked out as the launching pad for the World’s most expansive decade in free market history and gets lost in the shuffle while everyone writes books and novels and treatises about the “Roaring ‘20’s” instead. What actually happened was this:
Warren G. Harding and his vice president, Calvin Coolidge took office in March, 1921 with a full-fledged economic contraction underway. The full story is available from the Cato Institute here:
http://www.cato.org/pub_display.php?pub_id=9880
but let’s sum it up briefly. Unemployment stood 150% higher than it was a year earlier; and GDP was only 76% of 1920 levels. Harding immediately cut government spending 49%; taxes 48%; and reduced government debt 30%. Unlike the business-bashing that Wilson, FDR, LBJ (Lyndon Johnson) and Obama are infamous for, the Harding administration did everything it could to get government out of business’ way. In fifteen months the country was humming again and the Invisible Depression was over. When Harding died, VP, Calvin Coolidge continued the same policies saying “the business of America is business.”
Where did Herbert Hoover come from? Hoover was a highly respected humanitarian with an engineering background that Harding installed as his Secretary of Commerce to appease certain Eastern Republican interests. Under both Harding and Coolidge was very ineffective. Hoover promoted government intervention under the rubric "economic modernization" and tried to get Harding to dole out unemployment benefits to ease the pain of the high 1921 joblessness. Through the next eight years both presidents Harding and Coolidge largely ignored Hoover.
Hoover was, in short a progressive . . . Some people are aware of that but here’s what most don’t know. At the end of World War II, Hoover’s humanitarianism including involvement in a program akin to the Marshall Program after World War II which benefitted defeated Germany and the Bolsheviks in Russia. Hoover was so influential and well respected that the New York Times named him “One of the ten most important living Americans. Woodrow Wilson considered Hoover “my ideal successor,” Democratic leaders looked upon Hoover as a strong presidential candidate and FDR said, “There could be none finer.” Hoover, who up to then was a-political, said that because of his childhood memories, he had no interest in being a Democrat (supposedly the only Democrat in his home city was “the town drunk) and ignored Democratic overtures. Hoover decided he’d become a Republican and announced his candidacy for president but couldn’t get much Republican support although he did finish 2nd in the 1920 California Primary. Despite the gridlock at the RNC Convention that year, Hoover’s name was never seriously discussed and Harding became a popular compromise candidate and he won the nomination on the 10th ballot.
After the 1920 Republican -- to appease influential Republicans on both coasts -- Harding installed Hoover as his Secretary of Commerce. Hoover’s only real contributions during his stint as Commerce Secretary were some important traffic safety (embracing motor vehicle standards, rules of the road, and urban traffic control) innovations. Nevertheless, he sought to expand the Commerce Secretary domain in every possible way. He became known for trying to take over parts of other cabinets so much so that the joke was that Hoover was "the Secretary of Commerce... and Under-Secretary of Everything Else” and Coolidge called him “Wonder-boy.”
After the combined Harding-Coolidge administration ended in 1928, Hoover again ran for president. As soon as he was elected in 1928, he set about making the government much bigger. His biggest moves began right after his inauguration and including implementing a wide series of farm programs and a much-criticized huge tariff increase. A self-described “Progressive” and “Reformer,” Hoover saw the presidency as a vehicle for improving the conditions of all Americans by regulation and by getting government involved encouraging of volunteerism. Long before entering politics, he had denounced laissez-faire thinking. As Commerce Secretary, he had taken an active pro-regulation stance. As President, he helped push expensive and interventionist tariff and farm subsidy bills through Congress. Hoover also increased taxes and increased the federal budget 50% (for comparison Barack Obama so far has only increased the budget 41%). It’s obvious that the real Hoover was nothing like the do-nothing Hoover that Progressive historians have insisted he was.
Just as they did back then, the left (the progressives of today’s Democratic Party) is now seeking to blame the current economic crisis on a conspiracy that is an inversion of the actual facts. By the way, back in 1932 FDR and his first VP-to-be called Hoover a “socialist” and promised to use Harding’s methods to regain prosperity . . . that is FDR promised to pay down debt; slash taxes; and slash government spending. Instead he actually raised the budget 100% above Hoover’s last budget; confiscated the nation’s gold and in other ways undermined the recovery so badly that only the nation’s entry into World War II nine years later got us out of the depression.
Most Americans have no idea about the facts you’ve just read and their opinions about government’s ability to create jobs in the private sector by increased spending are largely based upon the “Savior myth” of FDR as the man who heroically saved us from the Great Depression.
When it comes to today’s problems and today’s myths the infamous Obama-car-in-the-ditch myth (blaming all our woes on conservatives and the free markets) tops them all. The truth, however, is:
To prove this surprising assertion for yourself: you’ll need a little education:
groupProfile.asp?grpid=7522http://www.teapartypatriots.org/BlogPostView.aspx?id=0b1f6f49-f530-4d42-965b-7c0252850aa4
The fact that Frances Fox Piven is today still openly calling for bloody revolution and urging the poor and unemployed to “use their anger” and begin the Marxist “revolution” while the lame-stream, mainstream media is accusing the TEA Party of hate-mongering and ignoring Piven is the greatest possible journalistic malfeasance.
The fact that George W. Bush’s administration recognized the problem as early as January, 2005 and sought to repeal the horrific CRA ’77 laws but the vote was defeated. And that Bush made at least 19 separate speeches on the matter and continued to strive for elimination of CRA ’77 right up until finally in July, 2007 (30 months later) when a much weaker law was passed has not been allowed as part of the history of the meltdown even though Obama’s Treasury Secretary Timothy Geithner in August, 2010 credited Bush with preventing an absolute collapse of our financial system and with preventing total disintegration of the housing market again reflects poorly on the so-called journalistic “profession.” The “watchdogs of the Republic” have turned on us . . . this is the biggest story of the last half of the 20th and of the first decade of the 21st Century and naturally, it’ll never be reported by the present generation of mainstream journalists . . . .
Ya’all live long, strong and ornery,
Rajjpuut
Six months ago Bill Wilson, President of Americans for Limited Government, said,
Voters Losing Faith in Dem Politicians
According to a Rasmussen Reports survey . . . American voters, who have recently acknowledged more faith in Barack Obama than they’ve shown in several months, are now apparently rapidly losing faith in his fellow Democratic politicians and trust Republicans more on all ten of the nation’s top issues. Looking at the top-10 issues as selected by those surveyed: Voters trust the G.O.P. on the Economy (their #1 issue) by a 9% margin; on health care (issue #2) by 14%. Only on education (#3) was the matter much in doubt. The voters trusted Republicans by only a 2% margin on education while the minimum trust edge for all the other issues was 8% on ethics; and Social Security; and Iraq. The national security (#9) edge given to the G.O.P. was a whopping 15%; and the edge on handling taxes (#10) afforded to Republicans was a phenomenal 19%.
Issue | Democrats | Republicans |
Economy | 39% | 48% |
Health Care | 38% | 52% |
Education | 38% | 40% |
Iraq | 37% | 45% |
Immigration | 37% | 48% |
Social Security | 36% | 46% |
Afghanistan | 36% | 44% |
Government Ethics | 35% | 43% |
National Security | 35% | 50% |
Taxes | 33% | 52% |
As new House Speaker John Boehner and the G.O.P. take over the House of Representatives this month (the Dems still control the White House and Senate), this marks the first time according to Rasmussen since August, 2009, that Republicans have been trusted more on all ten top issues. At this time two years ago, the soon to be inaugurated Obama and his Dems were trusted more than Republicans on almost every issue. Republicans have held double-digit or near double-digit leads on generic Congressional ballots over the last few months. Congress means both the House and Senate . . . so possible implications are that Democrats in the House and Congress need to respond to the people’s wishes for sweeping change in their handling of the nation’s business. The election results indicate that voters want that from both parties but perhaps are looking for even more marked change among Democrats.
Meanwhile Barack Obama today meets with Red Chinese leader Hu Jintao. Unfortunately, Mr. Obama has been even more INeffective on the world stage than he has been at creating jobs here at home. Jintao's country has abused ours in trade agreement after trade agreement and now he's calling for the world to replace the dollar with their currency (the Yuan). Mr. Hu Jintao is an enemy intent upon economic destruction of this nation and needs to be handled as such. Of course, we've hurt ourselves much more than the Chinese have damaged us and it's about time Mr. Obama looks back in history to the last time a President actually made a difference in ending a serious financial downturn.
Warren G. Harding in 1921 inherited a terrible recession from progressive President Woodrow Wilson, much worse than the one in 1929 Herbert Hoover caused for himself with his economic interference policies (raising tariffs in particular). Thanks to Harding’s decisive action the so-called “Invisible Depression was ended in fifteen months. What did Harding do? He cut taxes 49%; cut spending 48%; and reduced the national debt by 30%. He died in office before getting to see the country’s full rebound, but his Vice President Calvin Coolidge after being sworn in continued the policies and gave us the “Roaring Twenties” the decade in American History which showed us the most dramatic surge in prosperity the country’s ever known. How does Harding’s example relate to Obama’s visit with Hu Jintao? Rajjpuut would suggest seven steps for the country per se; and three more steps with regard to the Red Chinese:
A. Internally
1. Reduce government spending by 40% and maintain it at that level for a period of 10-15 years depending upon progress in the economy; national debt and UNfunded liabilities.
2. Reduce taxes on individuals and businesses by 60% for a period of five years; by only 40% for years six-ten.
3. Pay down the national debt by 12% per year for the next dozen years.
4. Create a balanced budget amendment to the Constitution. And an amendment requiring that each new Congress must in their first 90 days pass a budget.
5. Pass an amendment to the Constitution abolishing income tax for individuals and businesses and replacing it with an 8% Value-Added Tax (VAT) on all individual and business purchases; and a 12% VAT on all purchases of imported goods.
6. Eliminate all foreign aid.
7. Allow refineries to be built in the United States and drilling of oil inland and offshore to proceed and nuclear power plants to be built.
1. Forbid all knowledge-sharing and technology-sharing with the Chinese.
2. Add a $1 million surtax upon any company doing business with the Chinese.
3. Forbid ownership or exchange of Chinese Yuans in this country.
Rajjpuut states unequivocally that the measures mentioned above will return this country to greatness and put us on the road to curing the worst 85% of our nation’s economic ills within a dozen years.
Ya’all live long, strong and ornery,
Rajjpuut
A Sad End to the American Era??
Greatly accelerated by the policies of Barack Obama and his progressive supporters, the bankruptcy of the United States is now a fact of life. The only questions left are A. how and when the masses will become aware of it and B. Will there be an honorable rebound or complete chaos as a result. Rajjpuut has long been warning about the ills of big government, unconstrained spending and of the deliberate betrayal of the country by the progressive-wing of the Democratic Party.
When the American Dollar loses the position it’s held for the last sixty years as the world’s reserve currency; virtually immediately a shift toward large-scale inflation will be incurred. How will you know that the curtain’s coming down on the American Greenback? Here are seven likely warning signs marking the end of the global U.S. Dollar standard (for most Americans that would mark the figurative “end of the world”) based upon historical antecedents in other countries which have seen their own currencies destroyed:
Warning Indicator #1: the price of gold will begin to accelerate toward it’s natural balance level of $12,000 per ounce.
Since the price of gold has already risen over ten consecutive years some say gold has already achieved the acceleration required to prove the point. Others might be suspicious, “If it’s risen that much, isn’t it time that gold started to drop, no investment always goes up.” True, true, but when a currency is being deliberately devalued by its government, gold and silver always get much more valuable compared to that country’s money; and make no mistake, the United States has been deliberately devaluing the Dollar for roughly the last 28 months; and incidentally devaluing it for roughly the last 45 years. Normally markets and the price of commodities fluctuate all over the place as time passes. But the steady rise of gold (the world’s preferred money) as it is priced in dollars over such an extended time period shows that the dollar is not being taken seriously by knowledgeable people.
Warning Indicator #2: Government’s deficits and liabilities are out of control and the interest on the national debt becomes a major source of deficit increase.
Because the deficits of the United States government are right now well over $1.3 TRillion annually; our national debt has doubled since 2005; our total national debt is over $14 TRillion; and UNfunded liabilities without counting items like welfare and food stamps have now reached $112 TRillion . . . it’s a safe bet that this benchmark has been passed. By the way, even the numbers we’re fed are absolutely false. Did you know that the government counts all $850 billion of payroll taxes (Medicare and Social Security) as current income when we all know that the money in question is supposed to be a “set aside” marked for its intended use only rather than included as “general revenue.” If you or I or any business carried on their accounting this way, jail-time would be in the offing, but our government has been handling things this way as far as the Social Security "set-aside lockbox" for nearly 80 years. That's why UNfunded liabilities for Social Security, Medicare and the federal side of Medicaid amount to $112 TRillion, twice the Gross Domestic Product (GDP) of the entire world.
Warning indicator #3: Spending gets so out of control that generating high enough tax revenues to deal with federal spending becomes impossible.
Annual deficits are no longer related in any way to tax revenue. Last year the Democratic-controlled congress refused to pass a budget . . . their most important duty according to the Constitution . . . revenues were $1.1 TRillion and spending amounted to almost $3.7 TRillion and they want to raise the ceiling on the National Debt. Even if taxes tripled we’d still have run a significant deficit for the year . . . and yes, the interest on the debt runs to roughly $170 Billion yearly . . . all of that’s a sign that the crisis point has been passed.
Warning Indicator #4: The political class begins to bail out and in doing so takes care of their cronies and of the masses to keep them under control -- all at the expense of the middle class.
Right now federal government unions; state and municipal unions; and other special interest groups are looting the U.S. and the 50 state treasuries. The Obama $787 Billion stimulus cost us a lot of free market real jobs, but the looters maintained and grew the government enormously while the rest of us suffered. $200 Billion per year is wasted on just the federal pensions; welfare amounts to $450 Billion per year; Social Security and Medicare and the federal side of Medicaid cost $1.8 TRillion and much of those funds is tied up in fraud, abuse and waste benefitting the political class . . . none of this was ever authorized by the U.S. Constitution . . . but wait, there’s more: remember national defense; border control and roads and all the other stuff the Constitution actually said the federal government must do? That an an equal amount on “discretionary spending that was never authorized by the Constitution amounst to roughly another $2.6 TRillion . . . aha, now you see why they didn’t want to create a budget! Tell me that a $5.1 TRillion budget with a $1.4 TRillion deficit wouldn’t shock the sensibilities of all sensible Americans. This warning indicator has been passed also.
Warning Indicator #5 The government will begin creating money out of thin air.
Yes, this too has already happened. Between late October, 2008 and today, the Federal Reserve Bank has printed and electronically created “magic money” amounting to roughly 29 times the amount of dollars circulating in September, 2008. Technically speaking the 2011 U.S. dollar is now worth 3.4 pennies-worth of the September, 2008 Dollar. In other words, all those banana republics we used to laugh about . . . well, our money is becoming less valuable than theirs. As Stansberry & Associates financial advisors reminds us: “If printing money were truly good for an economy, Zimbabwe would be the world’s wealthiest country.” Yet that's precisely what we're being told by our President and by our financial leaders . . . . Our Federal Reserve Chairman Ben Bernanke has alternated between denying that he was “monetizing the debt” (a.k.a. “printing money”) and then defending the practice. Bernanke and Treasury Secretary Timothy Geithner denied the United States would ever resort to such “devaluation of the dollar” but it’s going on anyway; meanwhile Bernanke keeps busy explaining that it's not exactly "counterfeiting" what he's doing and it's actually good for the economy in the long run (not mentioning that it's a huge gamble with the future of the country and the planet in the short run). A planetwide “run on the dollar” could literally destroy our currency overnight. The whole world has warned about this; the credit-rating firms have pretended it’s not so, but expect it very soon.
Warning Indicator #6: We will not be able to repay our debts in the international community.
America’s $55 TRillion international debt amounts to $681, 178 per each American family of four. The average income of American families amounts to less than $50,000 per year. Just the interest on our international debt amounts to $34,000 per family per year. And if we resort to the printing presses to print of more dollars to pay the debt (OOOOPS, I forgot, we’re already doing that!) Then, first the interest rates for borrowing will skyrocket; then people and nations will stop loaning money to America, period. Friends, once that happens the printing presses can run day and night and there’s no helping us . . . yep, we’ve passed this crisis point, too. The world’s greatest creditor nation has within the 45 year lifetime of President Lyndon Baines Johnson’s “Great Society” which ushered in Medicare and Medicaid and dramatically expanded welfare programs of all ilks become the greatest DEBTOR nation the planet has ever seen.
Warning Indicator #7: American citizens will catch on and, discovering that debt has the potential someday to evaporate in hours, they personally will churn out new debt like a bullet-train parting the atmosphere.
Despite all the talk of the American consumer “cutting back” and practicing austerity issuance of new debt in the United States is soaring. Public and private debt both reached record levels in 2010. The potential is that the economy will twist inside-out if this practice continues. This is the only one of the seven warning indicators that hasn’t yet come to pass.
IS THERE, INDEED, NO HOPE?
individuals protecting themselves^^ and quite frankly with the Republicans in the House of Representatives. UNLESS their actions signal a strong “about-face” to the rest of the world and to our nation’s financial momentum: we’re doomed within 18 months. Everything you and I can do as an individual and through leverage groups such as the TEA Party to change the fiscal- and Constitutional course of the nation must be done. Here’s a story to give us all hope.
Teddy Roosevelt, a Republican, was the first Progressive president, indeed his personal “Bullmoose Party” was officially called the “Progressive Party.” TR was, thankfully, a great American patriot and his modest progressivism actually benefitted the nation for the most part leading to modernization of the navy, for one good example and the building of the Panama Canal (the land for which was actually stolen from Colombia and renamed “Panama”; not only progressive but unethical as well). Woodrow Wilson was, up till Bill Clinton and Barack Obama, the most sinister progressive politician of them all. After running for a second term under the slogan “He kept us out of war,” within a month of his March, 1917 inauguration he put us into the European War. He left office with the nation undergoing the biggest depression up to that time. The conditions were much worse than what Herbert Hoover (another Republican Progressive) did himself in with. That late 1920 depression came to be known as “The Invisible Depression” after Wilson’s successor Warren G. Harding cut spending 49%; cut taxes 48%; and paid down the National Debt by 30% and was ended within 15 months . . . so it is possible to avert disaster but the Democrats seem to have embraced it and the Republicans must show the political will to do it pretty much on their own, with, of course, constant pressure from you and me.
Ya’all live long, strong and ornery,
Rajjpuut
^^ Purchasing a $100 face-value bag (or more) of "junk silver" might be the simplest most patriotic act you can do while saving yourself. The bag would cost roughly $2,100 - $2,400 depending upon the value of silver when you buy. IF and WHEN the currency fails, some sort of new money is going to be in high demand and the 90% silver dimes or quarters minted before 1965; are the most likely candites. To a lesser extent the 40% silver money minted between 1965 to 1970 would also be accepted as a "new currency" but not nearly so readily as they will be worth 56% less than the 90% coins.
Some more important reading:
Here’s some other key reading that’ll shake the earth under most Americans’ feet:
http://rajjpuutsfolly.blogtownhall.com/2010/10/26/obama,__to_gop,_%e2%80%9cride_in_back%e2%80%9d;_no_one_tells_truth.thtml
All the worst ideas still plaguing America (and a lot of other bad ideas as well) right now are rooted in progressivism, all of them. Think of the worst UNfunded liabilities initiated for “all the best motives” and you’ve described tyrannical progressivism to a “T.” Here are some of those ideas and the president’ in power when they began:
1. Truly Big Government: Teddy Roosevelt
2. Government Control over large land tracts: Teddy Roosevelt
3. The Federal Reserve Bank: Woodrow Wilson
4. The Income Tax: Woodrow Wilson
5. Fighting in Europe’s Wars: Woodrow Wilson
6. Government propaganda: Woodrow Wilson
7. Internment Camps: Woodrow Wilson
8. Controlling (and shutting down) the press: Woodrow Wilson
11.Ultra-high protective tariffs: Herbert Hoover
12. Huge Tax and Spend Government: Franklin Delano Roosevelt
13.Confiscation of Gold: FDR
14. Devaluing the Dollar to fill government coffers: FDR
15. Ultra-big Government: FDR
16. Social Security: FDR
17. Expansive Welfare: Lyndon Baines Johnson
18. Medicare: LBJ
21. Government Bailouts of Cities: Gerald Ford
22. Government control of Mortgage Industry Jimmy Carter
25. Expansions by fiat thrice by legislation to Carter’s CRA: Bill Clinton
28. TARP bailouts: G.W. Bush
29. Federal Government involved in bankruptcies: Barack Obama
30. Nationalized Healthcare insurance: Barack Obama
31. Government bailout and control of auto companies: Barack Obama
34. Financial control “reform”: Barack Obama
35. Bailouts of Banks and Wall Street: Barack Obama
36. State Socialism: Barack Obama
Remembering the “Watermelon-Connection” wherein ultra-socialists “green on the outside and Deep RED on the inside” want to use Cap and Trade as a stepping-stone to government takeover of virtually everything because it practically requires nationalization of all of a nation’s enterprises; requires the all-powerful central government to control all decisions about what to produce, where to produce it, when to produce, where to market it, and how . . . . isn’t it fitting that Barack Obama and progressive-elitist and would-be president Kerry are so interested in this seriously flawed “science?” And so looking over that unending list of failure every time serious government taxing, spending, control or interference is contemplated, Senator Kerry still just can’t understand why the masses of sheep are no longer following him to the slaughter house, "It's absurd. We've lost our minds," he keeps repeating.
Item: He talked in platitudes about business and the economy while consistently talking about green-energy and clean environment. He spoke of “natural gas” and “alternatives repeatedly but never once mentioned the words “coal” or “oil” or talked about electrical prices which is key . . . because Mr. Obama has said before his energy policies will “bankrupt the coal industry” and “electricity rates would necessarily sky-rocket." Yet here he was talking about energy in one form or another for perhaps 25% of the speech without once mentioning coal, oil or energy prices? If you, the reader, take nothing else from this blog: remember that simple straightforward honesty means simple straightforward talk not "beautiful words" and phrases spoken in appropriately reverent tones. Mr. Obama cannot be blunt because Mr. Obama cannot be honest about his goals for this country which are dramatically different from mainstream America's goals and the truth about this discrepancy would make mainstream America despise him . . . .
http://www.amazon.com/Roots-Obamas-Rage-Dinesh-DSouza/dp/1596986255
Obama never once seriously talked about businesses’ need for predictability or GASP profits. As a result he never connected needed jobs to needed profits and needed actions by government to cut taxes, cut spending and get out of the free market's way so those business profits could emerge naturally. He mentioned directly and obliquely the disproven idea of global warming as justification never once letting out that Europe as a whole has refuted the idea since the revelations of Climategate came to light. For example, much of the American press and intelligent American people are aware that even the ultra-liberal London Times admits that global warming is a hoax:
Author: Brian D. Hill
Source: USWGO Alternative News
I used to ask my mom and grandma why we need to pay taxes and the response was that it is so that the Government can provide us all ofthese services (Which most are Free!!!) but now in 2010 I am seeing lessand less of our tax dollars going to all Government programs and so Iam seeing money making schemes all over the Government programs just tosimply stay alive.
Some of these examples are that most National Parks and Pass roadways are no longer free and end up usually charging you $20 per visit withnothing to show for it except you get to see the park and hike there,then several criminal records sites I found while doing research nolonger offer free records search and now force you to pay the Governmenta fee in order to check state criminal records, so many public schoolscan't even function anymore without fundraisers and box top collectors,then now I hear that libraries in certain areas of the country are in threat of being shut down,and I also hear about a halt on any raises for Social Security moneydue to belt tightening budgets even though prices are on the increase.
So while funding for Government programs is down, why is our taxes going up!
I even checked the last receipt at Walmart and my NC state taxes have increased from 7 cents to 7.75 cents. We are seeing a major rise inmore Government taxes but yet we are seeing more funding being strippedfrom programs anywhere from National Parks (Gee with the fees theycharge anymore no wonder why I hear stories that there's people that tryto take stuff from National Parks such as rocks and other stuff fromparks cause they used to be free now it's all money at parks), to PublicSchools (No wonder so many wish to leave the public school system andenroll in Home School), to libraries having to reduce days (They did inMayodan NC they are now open only 3 days a week), to the post officehaving a debate on whether they should cut off Saturday deliveries, toSchool cafeterias going from regular cafeteria food to TV Dinner like meals,to Medicaid making constant cuts from dentist care to certainprescriptions being no longer covered by medicaid, to those that receiveSocial Security Disability benefits being fined (Penalized) for simplyplaying the lottery or even making less then $600, heck even less then$300 a year or even just for receiving child support payments, and topolice officers being unable to prosecute people for smaller crimes ormore police officers being laid off due to tightening budgets.
I saw it all on my trip last month and I've heard it all. The state is officially in debt plus all states are losing money. Still though youwould think taxes would still be used to fund all the Governmentprograms I talked about since it is basic services for the community andfor Conservation. Since we are seeing a fall in all funding sources forGovernment programs including National Parks then why on earth are we paying more taxes???
Where is our money going? Why is it going? Why is many branches of government programs charging and doing fund raisers just to make it? Isour taxes going down a Black Hole and being wasted???
First of all lets talk about the why and how our taxes are being used up:
- First of all the first of many of our primary tax wasters is !!!THE BAILOUT!!! where executives were receiving bonuses and many corporationsreceive free money from the Tax Payers but never gave anything back inreturn, nor did they bring anyn new jobs but in fact instead moreemployees are being laid off due to the worsening economic recession dueto the bailout.
- The 2nd primary tax waster is the stupid (Ah Did I mention Stupid!) War in the middle east that's been going on for almost a decade now.This war is the 2nd worst primary tax waster and is also responsible forthe massive debt our government has collected which they will eitherexpect the tax payers to pay up on the debt we DIDN'T Started (OurGovernment did!) or else foreign countries may consolidate our countryand states piece by piece which will end the Constitution forever(Eminent Domain). The wars going on and all the money spent on themilitary industrial complex is going through our tax money like it wasall being dumped into the harbor.
- The Stimulus package which was a revised version of !!!THE BAILOUT!!! where again not just executives and corporate money mastersreceiving free tax payers money but also state Government guys can wasteour money around since they can receive big checks without worryingabout conditions since it looks like Obama isn't enforcing that themoney be spent wisely.
- The Federal Reserve - They are the forth largest tax... Well I wouldn't call them a tax waster but they cause the dollar to lose valueby inflating the printing of dollar bills and so this forces the valueof everything to drop while prices of everything are inflating accordingto the economic situation. The Federal Reserve has made it hard forthose with even lots of money to survive due to the devaluation of thedollar bill.
- Campaign ads are where much of our tax payers money is instantly wasted. What's wrong with keeping it simple instead of flashy politicalads that probably cost hundreds to thousands per run on TV Stations.Campaign ads, hit pieces, and other forms of political party promotionends up using up loads of tax payers dollars. Don't worry though if youlet corporations bribe your candidates you won't have to worry muchabout tax usage for political campaigns.
- Government/Public Grants being wasted on corporations and high up organizations. While the small guys have a hard time obtaining a grant,high up organizations and corporations easily obtain government backedgrants and never have to pay them back. The corporations already havemillions to billions of dollars so why on earth can they just simply andeasily get Public funded Grants?
- It is suggested that many of our taxes are now being funneled (wasted!) for then foundation of a World Government, a North AmericanUnion, and a police state surveillance system that not only is not cheapbut will destroy the U.S. Constitution as we know it.
- and the tax wasters probably just goes on and on while the Government wants to ration all Government services to the people andproducts people err peasants can buy.
So where are our taxes going? You can guess after reading the list above!
Government Prepares To Seize Private Pensions
- 10-13-2010
- Categorized in: Ethics, Government, Law
Massive wealth confiscation program would replace 401(k) system with Social Security-run ponzi scheme
The government is preparing to seize the private 401(k) pensions of millions of Americans while enforcing an additional 5 per cent payroll tax as part of a new bailout program that will empower the Social Security Administration to redistribute pension funds in a frightening example of big government gone wild.
Public pension plans have been so aggressively looted already by the government that cities and counties face a $574 billion funding gap, according to a CNBC report.
That black hole is set to be filled by a new proposal that will “fairly” distribute taxpayer-funded pensions to everyone, by confiscating the private wealth of millions of Americans. Its proponents express staggering arrogance in thinking that they can just steal money people have worked for decades to accrue as if it’s their own.
It’s said “there are lies, damn lies and statistics . . .” Another little homily goes “Fool me once, shame on you. Fool me twice, shame on me.” President Obama is now predicting 9% unemployment next year and full employment by 2016 . . . how much faith should you place in those projections? You do remember the State of the Union Address and all the Obama administration hoopla in early February, don’t you? The very first economic projections that went along with the President’s glowing economic predictions back then are approaching their early August due date. It’s called the “Mid-Session Review.” Not surprisingly, according to Obama's own standards, virtually every economic indicator in the MSR is worse or even much worse than the administration’s own February budget projected. Federal deficits are expected to be $8.474 trillion over the next ten years. That figure is, thankfully, only $150 billion more than Obama anticipated in February’s budget . . . and that is the sum of the “good news.”
Our Federal Public Debt was $5.8 trillion in 2008 an enormous burden brought upon us by both political parties. However, MSR now after 18 full months of Obama’s devastating economic policies projects that debt will grow to roughly 2.33 times its present size in five years to $13.3 trillion and to 3.19 times the present level to $18.5 trillion in ten years. That would then amount to over 68% of GDP and $440 billion higher than they estimated in February. In 2020 the United States will be $26.6 trillion in arrears. Out of control Democratic spending is driving these deficits and this national debt. Republicans have opposed every idiotic proposal along the way, for all the good it did them or us. An overall 84% increase in non-defense discretionary spending by Mr. Obama makes his projection for 9% unemployment in 2011 and full employment by 2016, utterly laughable especially since they’re recently added $31 Billion in new proposals (for the next ten years that were NOT in the February version of the unofficial budget (the administration has NOT created an official budget yet.
Reality is a hard mistress who, if you don’t respect her, will surely make you life a living hell . . . so it with the MSR and ignorance of economic truth and history is no excuse . . . .
Item #1: The proximate cause for the financial debacle in late 2007 was the sub-prime lending crisis first mentioned as a future danger by James Stack of investech.com in November, 2003. The potential proximate causes of that disaster were linked to that meltdown potential in July, 2005, by the Bush administration which was unable to pass legislation undoing the five bad laws which brought us to the edge of danger – the first “bad-loan” mortgage guarantee law known as the Community Reinvestment Act of 1977 (CRA ’77**) and the four expansions of CRA ’77 (in ’92 expansion to also embrace the requirement for mortgage guarantees by Franny Mae and Freddy Mac; two more expansions of CRA ’77 in 1995; and the steroid version expansion of CRA ’77 in 1998. All driven by progressive elements in the Republican and especially Democratic Parties. Our president was actually an ACORN lawyer from ’95-97 shaking down financial institutions as ACORN forced them to live up to the absurd letter of these four bad laws. After Obama was gone other ACORN lawyers had an even easier time forcing bad loans when the ’98 expansion of CRA ’77 occurred. The net result is that even after creating our 2007-2008 financial Armageddon, those laws are 98% still on the books so the next version of ACORN can force loans to people without ID; people without jobs; people without rental history; people with horrific credit rating and even loans to illegal aliens. So not only is our financial crisis not over . . . not only is our president creating programs to bankrupt us well into the future . . . not only has spending increased 84% . . . but also the seeds of the last financial crisis have been nurtured and are ready to bloom again. Those are the facts.
Item #2: Mr. Obama is really a communist, but since 55% of Americans call him a “socialist,” let us be content to understate the case and say, Mr. Obama is a socialist . . . and therefore his allegiance is to the labor unions and he harbors immense animosity toward business and toward the wealthy entreprenuers who create businesses and expand businesses and create jobs. He has in his bailouts and buyouts, in his manipulation of the two auto bankruptcies, in his stimulus plan, in his Obamacare, in his new Financial law, etc. gone out of his way to benefit the labor unions at the expense of the American people, the business leaders and the wealthy. And what fact is being violated here? Americans getting $20.00 per hour on the assembly line of a union company canNOT compete with desperate, hard-working foreigners who are content to work for 68 cents an hour over a thirteen hour day with minimal benefits. In large part the unions have made us uncompetitive. Most American jobs nows are being created in the service area rather than the manufacturing area . . . count on it, that means they don’t pay beans compared to what old GM workers were earning even back in 1984. So where are the Obama jobs “created or saved?” The bulk of them are in government or teaching or semi-civil service positions like police and fire-fighting . . . jobs that produce exactly ZERO! Jobs that create exactly ZERO PROFIT. Are we starting to get the picture here, Mr.
Obama believes that government throwing money around creates jobs, real jobs in the real marketplace . . . Mr. Obama has his head deep, deep up inside his lower intestine. Mr. Obama is anti-profit and doesn’t understand the most simple facet of economics . . . wealth creates real jobs, real jobs create real wealth and left to its own devices this is the engine of prosperity. You’ll never see a fire-fighter, police officer, teacher, union official, union member, or service worker creating jobs . . . real jobs come from real wealth and the real basis of real wealth is not the service industry but real production of real goods. Ultimately it comes to that and Mr. Obama is doing everything 100% bass-ackward and instead of building our economy is seemingly determined to undermine it so it will never create a single job again. Right now he’s about to raise taxes on the rich again . . . surprise, they’ve got the power to take their ball and go home and leave you without an economy, Mr. Obama.
Item #3: Everything Mr. Obama and the unions have done in their history have made America and American workers completely unattractive to investment and even to those who’d loan us money. The American workplace with all its anti-business regulations has become the least attractive jobs environment the world has ever known. The movement of American corporations to other jobsites in the world was a natural result of that UGLY-Anti-AMERICAN, Anti-business climate and under Mr. Obama that trend has grown into a galloping reality. The only place non-government jobs are being created is in low-wage retail and service jobs.
Item #4: Mr. Obama is so out of touch that he is seeking to pass legislation “creating” five million green-tech jobs. If the Spanish green-tech job experience is any judge, that means he’s talking first about losing eleven million real jobs from the real economy to subsidize those green-tech jobs. Then only about 1/10 of those green jobs will prove permanent so at a cost of eleven million real jobs he will have created 500,000 permanent green-tech jobs . . . a 22/1 ratio which is why Spain went from 3% unemployment in 1997 to 21% unemployment today. Mr. Obama doesn’t understand economics and still believes in the tooth fairy version of Keynesian Economics that purports that governments can create real jobs. Thomas Edison invented the light bulb in 1879. We have not yet seen a similar breakthrough in solar energy, wind energy, geothermal energy or any electrical generation of energy more efficient than using fossil fuels such as coal, gas, natural gas, or even so-called “oil-shale.” We could abandon the rest and take the least advanced technologically of all these fossil-fuel industries (oil shale) and in ten years if government got completely out of its way, have America far better off than it is now energywise. We could, on the otherhand, subsidize solar, ethanol, wind and geothermal experiments for twenty years and most likely be not much further than we are now. There is a time, Mr. Obama, for every purpose under heaven and all your audacious hope won’t change that time one second.
Item #5: Barack Obama wrote the manual on how to lie with statistics, seemingly making up about 60% of those he spouts off in interviews. Certainly his “jobs created and/or saved” is total malarky. The number of people without jobs period is roughly 17.8% at present. The number of under-employed people with part-time work only is another 4.4%. The number of under-employed people with jobs paying far less than the jobs they lost is roughly 5.7%. The number of people still on the unemployment rolls is roughly only about 9.6% . . . . how do “jobs created or saved” fit in with those greater truths?
All the following are real, not Obama-generated, statistics and all of them were bad when he took office but have become much, much worse because of his hateful interference in the economy:
61 percent of Americans "always or usually" live paycheck to paycheck, which was up from 49 percent in 2008 almost a 25% jump under Obamanomics
36 percent of Americans say that they don't contribute anything to retirement savings.
24 percent of American workers over age 50, say that they have postponed their planned retirement age in the past year.
Over 1.4 million Americans filed for personal bankruptcy in 2009, a 32 percent increase over 2008.
For the first time in U.S. history, banks** own a greater share of residential housing net worth in the United States than all individual Americans put together.
In the United States, the average federal worker now earns 60% MORE than the average worker in the private sector. Unionized federal workers earn about 112% more. That means that a lot of money that might be stimulating the economy is being wasted on government.
In America today, the average time needed to find a job has risen to a record 35.2 weeks.
More than 40 percent of Americans who actually are employed are now working in service jobs, which are often very low paying.
For the first time in U.S. history, more than 40 million Americans are on food stamps, and the U.S. Department of Agriculture projects that number will go up to 43 million Americans in 2011.
This is what American workers now must compete against: in China a garment worker makes approximately 86 cents an hour and in Cambodia a garment worker makes approximately 22 cents an hour.
Thanks to Obama and union demands in this country, the rate of job outsourcing by major corporations, increased 18% in 2009.
Approximately 21 percent of all children in the United States are living below the poverty line in 2010 - the highest rate in 20 years.
As you look at what exactly Mr. Obama has done to you, here’s a good website to visit showing you what the brunt of your tax burden is in three scenarios:
for sure, one way or another tax increases are the #1 most likely scenario that Obamanomics has brought our way. $2.55 TRillion over the next ten years from “allowing the Bush tax cuts to expire” or “closing the loopholes in the tax code” or whatever spin they want to put on it. Life gets a bit harder.
Ya’all live long, strong and ornery,
Rajjpuut
** From 1946 - 1998, America boasted by far the highest home ownership in the world 62 - 65%. So the CRA ’77 was fixing a situation that wasn’t actually broken, but now it truly, truly is busted.