RANT: Keeping people in poverty

Friday, January 7, 2011

http://reason.com/archives/2010/12/31/the-obamacare-fraud

The ObamaCare Fraud
The law will penalize doctors to pay patients and penalize patients to pay doctors.
Shikha Dalmia | December 31, 2010

*** begin quote ***

When the government hands out subsidies, it will use a household’s income in the previous year as the basis for guessing what the household is qualified to get in the current year. But if the household’s income grows midyear, the subsidy recapture provision will require it to repay anywhere from $600 to $3,500, compared to the $450 that the law originally called for.

This will make it very hazardous for poor working families to get ahead. In the original law, the loss of subsidy with rising income already meant absurdly high effective marginal tax rates—the implicit tax on every additional dollar of income earned. How high? The Cato Institute’s Michael Cannon puts them at 229 percent for families of four who increase their earnings by an amount equal to 5 percent of the federal poverty level or $1,100. In other words, a family that added this amount to an income of $44,700 would actually see its total income fall by $1,419 due to the loss of subsidies.

*** end quote ***

Yeah, I’m sure glad how these politicians and bureaucrats “care” for the poor!

Who needs a plantation, overseers, and the problems. Just trap the serfs in poverty and make it impossible for the poor to improve their situation. Where’s Robin Hood, Zorro, or V (for Vendetta; not the aliens on ABC) when you need them.

And, of course, we’ll need more bureaucrats to administer these programs.

Argh!

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TECHNOLOGY: Diesel is a better answer than gas – electric hybrids

Wednesday, January 5, 2011

http://www.lewrockwell.com/orig11/peters-e8.1.1.html

New Year’s Wish List
by Eric Peters
EricPetersAutos.com

*** begin quote ***

More diesels

And fewer $40,000 hybrids that barely outdo the mileage of an ’80s-era Plymouth Champ. Diesels, unlike hybrids, work – if “working” means they deliver very high gas mileage without a very high price tag. Gas-electric hybrids and electric cars are impressive as technology but crap as consumer products – if the point of the exercise is to produce economical transportation. If you have to pay $30,000 or $40,000 (or even $25,000) to get 35 or 40 MPGs then MPGs don’t really matter since whatever you “save” in fuel costs is negated by the cost of the car itself. But diesel engines can deliver 60 MPG in a subcompact car that costs less than $15,000. Just not here. They have such cars in Europe. Santa needs to bring a few of them to us. But first, he’ll need to put some coal in the stockings of the government bureaucrats who have made the American car market unfriendly for diesel vehicles by imposing one regulatory obstacle and expense after the next. It’s not that diesels are “dirty” – the Europeans are just as obsessed with saving the planet as we are. It’s simply that our bureaucrats and politicians aren’t as smart as those in Europe.

*** end quote ***

I loved the three diesels I’ve had in my life.

Once upon a time, diesel fuel was cheaper than gasoline.

Don’t understand why that is? It’s easier to refine.

We know that the taxes on petrol of all flavors is a significant cost component. And, a good way for the Gooferment to bury taxes. With the illusion that it’s all going to “roads”, which is “barbara streisand”!

So why don’t we exploit technology that works?

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MONEY: We need to return to Constitutional money — gold and silver

Wednesday, November 10, 2010

http://nicholasnigro.blogspot.com/2010/11/quantitative-easing-just-got-easier.html

Sunday, November 7, 2010
Quantitative Easing Just Got Easier
Nicholas Nigro

*** begin quote ***

This roundabout way of printing money will, apparently, guarantee only one sure thing that you can take to the bank: the further weakening of the once Almighty Dollar and a corresponding rise in critical commodity prices because of it. Translation: From the grocery store to the gas pump, those who can least afford it will pay more and more for basic necessities. But I imagine the government measuring sticks will continue to tell us that we are living in a period of very low inflation for the foreseeable future, and that we should be more concerned about the prospects of deflation.

*** end quote ***

What “they” have fooled everyone into thinking is that a “dollar”, a “Federal Reserve Note”, that green piece of linen cotton “paper”, is actually worth something tangible. In elementary economics, we learned that humans transferred from barter to money because money had certain useful characteristics. Most notably it permitted the butcher to trade directly with the candlestick maker without trading with the baker first. From whence all the good things that the division of labor provides — specialization.

Quoting from my favorite novel (Mine!) “Money is a matter of functions four, a medium, a measure, a standard, a store.” He repeated that four times like poetry. “Six Characters in Money: Portable – Durable – Divisible – Uniformity – Limited Supply – Acceptability.” CHURCH 10●19●62 (Vol 1) 978-0-557-08387-9 page 110

“We, The People” have forgotten that. As well as the Dead Old White Guys Constitutional admonition that only gold and silver should be money. Along with a bunch of other stuff, like the Bill of Rights, Declaration of Independence, and a general dislike for oppressive Gooferment.

So, now, the politicians and bureaucrats are riding high on the hog and the taxpayers have been laid low. Like the host of a parasite weakened to near death.

Gooferment is the meme that kills people. It’s time to awaken from our economic nightmare and throw out the FED and return to “Constitutional money” — gold and silver. And watch the global economy rebound when the world isn’t paying the “inflation tax”.

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POLITICAL: Follow the money

Sunday, July 25, 2010

http://www.wnd.com/index.php?fa=PAGE.view&pageId=181549

How Congress makes Americans sick
Walter E. Williams
Posted: July 21, 2010

*** begin quote ***

The Fanjul family of Palm Beach, Fla., a politically connected family, has given more than $1.8 million to both Democratic and Republican parties over the years. They and others in the sugar industry give millions to congressmen to keep high tariffs on foreign sugar so the U.S. sugar industry can charge us higher prices. According to one study, the Fanjul family alone earns about $65 million a year from congressional protectionism.

*** end quote ***

Price supports and price ceiings are political payoffs to someone. You just have to follow the money. Cui bono?

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RANT: Is it too late?

Wednesday, July 14, 2010

http://www.thedailybeast.com/blogs-and-stories/2010-07-11/reagan-budget-guru-david-stockman-on-obamas-shoddy-economic-team/full/

Trashing Obama’s Economic Team
by Lloyd Grove

*** begin quote ***

Yet Stockman hopes the Republicans gain the majority in the House and Senate next November, because “then the next Congress gets down to the business of trying to reform entitlements and cut spending. Also, while we’re at it, we have to get out of the imperialism business, okay? No imperial power has succeeded on the edge of bankruptcy.”

Which means: Get out of Afghanistan and Iraq right away—the same prescription touted by renegade Republican congressman Ron Paul.

“I’m totally in agreement with Ron Paul,” Stockman says. “I don’t think he can be elected president, but I think he’s the only guy who really understands monetary policy, economic policy, the proper role of the state, the proper role of the U.S. in the world. On the other hand, the world is changing pretty dramatically before our eyes. I wouldn’t rule out anything right now. But if you asked me who is speaking truth to power, it’s Ron Paul.”

*** end quote ***

One can only hope that “We, The People” get our country back from the fascists and socialists that have taken over!

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GOVEROTRAGEOUS: “Unemployment insurance” ain’t insurace; it’s gooferment welfare?

Sunday, July 11, 2010

http://www.9news.com/news/article.aspx?storyid=141537&catid=188

Man loses unemployment benefits after dipping into 401k
Lori Obert written by: Anastasiya Bolton   

*** begin quote ***

LONGMONT – After 32 years at IBM, in August of 2009, Bob Jackson was laid off and looking for a job.

“I never dreamed I’d have to have unemployment some day,” he said.

Jackson has been looking everywhere, including retail and home improvement stores, for more than a year. He hasn’t gotten anywhere.

“We’re lucky to get half way through the month before we’re completely out of money. It’s been rough,” Jackson said. “It’s a hard market right now to find a job, especially at my age.”

In November, Jackson filed for unemployment and received two checks.

As part of the rules for receiving benefits, every two weeks, Jackson had to call into what is called a CUBLine (The Colorado Unemployment Benefits Line.) The automated line goes through a series of questions unemployment benefit recipients answer. During one of the calls, Jackson was asked if he’d taken out a distribution from his 401k. He said he did, $10,000 to pay for his son’s college.

*** and ***

“Under our unemployment insurance program we’re following state law, which is if you touch even $5 dollars for your 401k it will impact your benefits,” said Cher Haavind, spokeswoman for the Colorado Department of Labor and Employment. “It’s an employer-funded program, whether it’s severance, pension or distribution of 401k, all those things, any other money you have received from the employer will play into your benefit amount.”

Haavind added, “The program is there to meet one’s needs again when they’re transitioning from job to job. Perhaps the perception is if you have other resources available to you that you should look at those first before receiving unemployment insurance benefits.”

*** end quote ***

Perhaps, the perception is that it’s “unemployment insurance”.

Argh!

Gooferment, and its bureaucrats, really drive me off the deep end.

So it’s not insurance; it’s welfare.

It’s “employer funded”. Sure it is. If they put it in your paycheck, you could save for your own “unemployment”! Argh!

So the politicians justifiy messing with people’s lives and money on the basis that they are too stupid to manage their own money?

Argh!

This is welfare for the lucky few and for the goofermetn bureaucrats who run the program.

Argh!

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GOLDBUG: Speculating about gold confiscation is asking the wrong question

Wednesday, July 7, 2010

http://www.silvermonthly.com/195/government-confiscation-gold-happened-beforecould-happen/

Government Confiscation of Gold: It Happened Before — Could It Happen Again?
by: J.D. Seagraves

*** begin quote ***

Although the U.S. dollar is constantly under pressure, the U.S. government continues to stockpile debt, and impossible-to-fulfill entitlement commitments loom on the horizon, the idea that the U.S. government would try to confiscate citizens’ gold today or anytime in the foreseeable future certainly seems spurious at best. After all, the government did so in the past in order to recalibrate the gold standard, which we have not been on since 1972.

However, our government has become increasingly bold in its refusal to be restrained by the Constitution, and following the return to limited government (at least in rhetoric) by the Reagan administration in the eighties, the Constitution has been all but ignored by subsequent administrations and congresses.

*** end quote ***

Sorry, but that is absolutely the wrong question.

Yes! With Gooferment debt as far as the eye can see. And “unfunded liabilities” that even scare politicians and bureaucrats abound. (Not for the reasons you think; they are worried how they are going to collect! Did you forget the three “laws” of policial behavior again? Remember the three “laws” of political motivation: (1) reward your friends; (2) punish your enemies; and (3) feather your own nest.)

So with this “crisis” looming, the popular tin foil hat worry is “gold confiscation”. Sorry, but that won’t help the politicians and bureaucrats through this crisis. Last time, it was easy and there was enough wealth that could be stolen to make it worth their while. This time, not as many people own gold, they don’t old anywhere near as much of it, those that do own gold also own guns, the population isn’t as docile and complaint as back then, and the We, The People are aroused and as irritable as a cranky tired child .

No, there will be no “FDR-style gold confiscation” because, pure and simple, it can’t give the politicians and bureaucrats enough wealth to pay their own pensions. Or, even allow them to buy enough votes to get reelected. That’s what the “crisis” is all about.

I think the correct question is “what WILL they seize that can end the crisis?”. That’s the question.

The only pot big enough is the 401k / IRA wealth save by Americans for their retirement and held by a small number of “custodians”. 13T$! Sticking there waiting to be stolen.

That will be their target.

Of course, it will have to be done: “to save the children”. In this case, it’ll be the “child-like investor” who will be deemed to need their “retirements” protected from the inability of Wall Street to be honest and to generate the returns necessary for a “safe and secure” retirement. And, of course, the “crisis”, the American version of the “Reichstag fire”, will be to “save Social Security, Medicare, and the Drug Benefit”. There have to be some “poor children” in there somewhere.

Think back when Bush supposedly wanted to “privatize” Social Security. (Like that was going to ever happen. It sent the message that “you victims have been getting screwed big time” and now were going to “allow you to be screwed a little less”. It said sotto voce that maybe you the individual didn’t need the wise old Gooferment to plan your retirement!) Remember how the politicians and bureaucrats screamed that the Stock Market was “unsafe”. (Yeah, like getting a negative 3 per cent return on your “Social Security” investment was safe. Or, that depending upon Gooferment not to change the rules on “Social Security” again. Remember it was never going to be taxable. It was never to be changed. It was the supposed “third rail” of politics. It was “retirement insurance”)

Get ready for a large dose of propaganda!

I suspect the argument will run concurrently along several lines: “Save Social Security for Future Generations”, “Save your Social Security from the Boomer shift”, “No Social Security for the Wealthy”, “IRAs and 401ks are not ‘safe’ in the Markets”, “It’s not fair to poor people who couldn’t save”, and “The Gooferment gave you a tax break so some or all of it is theirs”. Argh!

When the Gooferment first created IRAs in my early days, I didn’t go into one because I was concerned about them changing the rules on them. If we had blogs back then, I’d have ranted about them. Eventually my then accountant, (I’ve gone through several since then), convinced me to “take the tax deduction”. It meant I paid less taxes out of my own pocket and had this pot of money, that I couldn’t touch until I was old, over on the side. Eventually, I thought this was how they were going to get out of the Social Security “problem”. (Little did I know then!) But I was concerned then about taxablity. I suspected that they end the program at a “bad time” (i.e., for the Gooferment; when they needed the money), make it all taxable right there and then, and I’d be stuck for an even bigger bill. Argh!

SO! Short story, long! No gold confiscation. IRA / 401k confiscation.

It’s easy. Only have to “rob” a few thousand “custodians” who are mostly big banks and brokerages that are already under the Gooferment’s thumb.

It’s “enough”. 13T$ will allow the Gooferment to keep on spending.

It’s “politcally feasible”. Propagandize the Sheeple. Promise them “enhanced Social Security”. (With interest rates at below 1%, how much cash flow would you have to pay on 13T$? Think lie they are taking out fixed rate mortgage and you’re stuck with the paltry returns. No adjustments. Argh!)

That’s the question.

And so what are you going to do about it.

Sheeple!

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