GOVEROTRAGEOUS: 5B$ down the rathole

Sunday, November 8, 2009

http://finance.yahoo.com/news/Freddie-Mac-posts-5-billion-rb-3083454207.html?x=0&.v=3

Freddie Mac posts $5 billion loss
* On 7:00 pm EST, Friday November 6, 2009
By Al Yoon

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NEW YORK (Reuters) – Freddie Mac (NYSE:FRE – News; NYSE:FRE – News), the second largest provider of U.S. residential mortgage funding, on Friday posted a loss of $5 billion in the third quarter and predicted it would need more government support amid a “prolonged deterioration” in housing.

*** end quote ***

Well, isn’t that just great!

If it was a real business, we could just let it go to bankruptcy court.

Another “gooferment sponsored entity” that’s a rat hole for the taxpayer to pump more money into.

I’m sure the congress critters will certainly give them more money we don’t have.

Argh!

And, what’s the impact on the country, the taxpayers, and the people.

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POLITICAL: State theft for “eddykation”

Sunday, November 8, 2009

http://irisheagle.blogspot.com/2009/11/fee-paying-schools-cost-or-savings-for.html

Friday, November 06, 2009

Let’s pay more taxes to punish the rich!

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This morning’s Irish Times reports that taxpayers forked out €100m to “support” private fee-paying schools. Sounds like a scandal in these economically straitened times. Yet …

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I’d suggest that the problem is that the taxpayer is being forced to fund yet another activity. Education is the parent’s responsibility. Not the taxpayers’. We taxpayers don’t get the decision to have the children so why are we forced to pay to educate them. Education should be a valuable service that parents should be willing to pay for. Then teachers could earn what they are worth. If we are concerned about “bad parents”, that’s a different issue. Here in New Jersey, old folks are being forced to leave the State due to high taxes. It’s just not “fair”. Argh! We need a new model based of freedom and liberty.

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SOCIALISM: More GMAC aid?

Thursday, October 29, 2009

http://www.freep.com/article/20091028/BUSINESS01/91028022/1322/GMAC-may-get-3rd-helping-of-aid

Posted: 8:40 a.m. Oct. 28, 2009 | Updated: 9:51 a.m. today
GMAC may get 3rd helping of aid
BY GREG GARDNER
FREE PRESS BUSINESS WRITER

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GMAC, the financial lifeline for General Motors Co., Chrysler Group LLC and their dealer networks, is asking the U.S. Treasury for more federal aid beyond the $12.5 billion it’s already received, because it remains billions of dollars short of a capital reserve requirement all bank holding companies must meet.

The request, which is subject to ongoing negotiations, comes as GMAC is caught in a financial game of chicken with Chrysler Financial that could drive some large Chrysler, Jeep and Dodge dealers out of business or force them to sell their operations.

*** end quote ***

More taxpayer participation required!

Argh!

More good money after bad.

Bankruptcy would have been so much cleaner.

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NEWJERSEY: Mob rule in SBTWP

Saturday, October 24, 2009

http://centraljersey.com/articles/2009/10/21/opinions/doc4adf8e896a7e2524530393.txt

DISPATCHES: Power to the people
Farm’s preservation shows that engaged citizens can effect change
Wednesday, October 21, 2009 6:47 PM EDT
By Hank Kalet, Managing Editor

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The lesson of all these efforts is fairly simple: If you want members of your local town council, county freeholder board, state Legislature or Congress to act on your behalf, you can’t sit on your hands. You have to get involved.

*** end quote ***

Ahh, the madness of crowds.

There is no way that the individual can stop the mob frenzy to do “something”.

Preserved farmland. How can someone be against that.

Too bad if you are, because your taxes have been used for it. You write as if these “governing bodies” have assets to “invest” in “preserving” farm land. They don’t. They only have that which was taken by force from one’s fellow taxpayers. TO pay for someone’s pet project.

Argh!

If those involved were to form a non-profit and raise money by donations to pull this off, then I’d be impressed.

Perform a mental experiment. How do you think effort would go? Would people VOLUNTARILY chip in? In the amounts you needed to pull this off.

(We both know he answer to that!)

No, see, all you can do is steal what you could not raise voluntarily. And, then the robbers — some of whom may not even realize what they have done — expect kudos for doing it.

Then, you go an urge us to do more of it.

Argh!

The Dead Old White Guys were very right to fear the mob rule of democracy.

Throwing in “health care” is just more of the same. In this case, you and the rest of the mob are stealing from future generations — just as the socialists did with Social Security. And, it is all not going to end pleasantly as the socialists are destroying the country.

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POLITICAL: Fixing healthcare? Not gonna happen with the gooferment involved

Friday, October 23, 2009

http://www.lewrockwell.com/orig10/scott-m1.1.1.html

Your Doctor Serves The State, Not You
by Michael Scott, MD

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While I agree that physicians commonly order tests and perform procedures that are medically unnecessary, this fact is due to two main reasons the author completely fails to mention: first, the tort system, which terrorizes doctors in their practices on a daily basis, and second, that patients have minimal if any financial stake in their care. As a consequence, they demand everything in excess, and are often angry when we suggest a desired test or treatment is not indicated, no matter how much time we spend trying to educate them. When people don’t pay for something with their own money, they hardly care about costs. They just milk others for all they’re worth, because after all, that’s what they perceive everybody else is doing to them, too.

*** end quote ***

Clearly, the current insurance system is broken. And, isn’t going to get fixed anytime soon.

We clearly have to get the lawyers out of suing the doctors for everything that goes wrong. They are docs ; not gods.

We clearly have to return to the days of yesteryear, when insurance was insurance. Car insurance doesn’t insure oil changes. And, patients have to pay a percentage of the true cost; not a “co-pay”!

We have to make health care insurance like auto or life; disconnected from employment.

Finally, we have to get the gooferment OUT of health, health care, and health care insurance completely. They can’t do anything right. It’s in their nature. (I still haven’t heard of then doing ANYTHING effectively. Never mind efficiently!)

Argh!

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TECHNOLOGY: “Smart readers”; too smart?

Friday, October 16, 2009

http://www.telegraph.co.uk/finance/newsbysector/energy/6292809/Smart-meters-could-be-spy-in-the-home.html

Smart meters could be ‘spy in the home’

Smart meters could become a ‘spy in the home’ by allowing social workers and health authorities to monitor households, adding to conce rn at Britain’s surveillance society.

By Alastair Jamieson

Published: 10:30AM BST 11 Oct 2009

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The DECC document adds households could even have their power to some appliances turned off remotely to help the national grid if there is too much demand. It says: “In terms of potentially intrusive non-physical behaviour unrelated to data, smart metering potentially offers scope for remote intervention such as dynamic demand management, which is designed to assist management of the network and thus security of supply. This could involve direct supplier or distribution company interface with equipment, such as refrigerators, within a property, overriding the control of the householder.”

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I always think of what can go wrong.

Turn off the refrig to “save the grid” and the food goes bad.

Turn off the heat to “save the grid” and people die.

Turn off power to politically “wrong” people?

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MONEY: Evening with Ric

Wednesday, October 14, 2009

http://www.ricedelman.com/

Went to one of Ric’s sessions. (Disclosure, I’m a customer.)

He did have many interesting points.

The one I thought was most interesting was his assault on the “dizzy blonde” and Dave Ramsey. Ric favors having a big mortgage.

For me the jury is still out on that.

He is dead set against anything but a low rate fixed 30 year mortgage regardless of your age. His point was that you can have a pile of cash to make investments AND the house. I remember when I got a 5% VA mortgage and was happy as a pig through the Carter inflation. I’m warming to his advice.

Especially when 30 year fixed are going for under 5%.

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RECOMMENDED: Donate to the crazies trying to roll back the MA sales tax; tax revolt now!

Tuesday, October 13, 2009

http://tinyurl.com/yav92p2

Carla Howell and Michael Cloud
Alliance to Roll Back Taxes
Small Government News
Wednesday, October 7, 2009

*** begin quote ***

Just Do the Signature Drive With Volunteers?”

Virtually every statewide political campaign in Massachusetts hires petitioners to collect signatures.

Senator Kennedy, Senator Kerry, Governor Deval Patrick, former Governor Romney, former Governor Cellucci, and the rest paid for signatures. For at least the last 40 years.

Why?

Because the petitioning requirements have been made so hard, the time for petitioning so short, the ability of opponents to block petitioning, and the ease of removing valid voters signatures from the ballot.

But it gets worse. Massachusetts requires 6-1/2 times as many signatures for Ballot Initiatives as they do for U.S. Senate and Governor candidates – and they give us 1/3 less time to collect them.

We have to collect over 96,000 signatures in 49 days. In the fall, when rainstorms or snowstorms can and do prevent petitioning for 1 day or 3 or 7 days — or more. Cutting petition time by 10% or 20%.

We have to print 351 DIFFERENT petitions for our initiative — one for each town and city in Massachusetts.

Our petitioners have to carry dozens of DIFFERENT petitions at each petitioning location – a mall, a store, etc – to make sure that we have the right petition for that voter.

If a voter mistakenly signs the Natick petition, while living in Framingham, his signature is disqualified.

If a signer or petitioner accidentally makes a “stray mark on a petition”, every one of the valid 12 or 15 voter signatures on that petition are disqualified.

Then we need to sort and separate the petitions into the 351 towns and cities, pre-validate 10% to 20% of the signatures, deliver them to 351 different town clerks all across Massachusetts – many town clerks offices are only open part time; if you can’t show up them…too bad for you. The town clerks physically check each petition signature against the each voter’s signature. Many are conscientious. Some are sloppy and disqualify valid signatures.

Next, we have a 7-day window to collect 351 petitions from the 351 towns — when clerks’ offices are open.

Then, if the town clerks have validated enough signatures to move us toward the ballot, we have to deliver the signatures to the Secretary of State’s Office — where the signatures are tallied.

While this is going on, the Teachers Unions and Government Employees Unions can challenge any or all of the validated signatures for any of a dozen different legal reasons.

This is why virtually all statewide political campaigns and ballot initiatives hire paid petitioners. So they can get on the ballot.

*** end quote ***

In the Pepuls Republik of Taxachusetts, there is a band of crazies that are trying to repeal the tax law.

(Regardless of where you live, if they succeed, it will help everyone. You may want to consider sending them a few bucks. Would you have sent money for munitions to the Militiamen at Lexington or Concord? Repealing the sales tax in MA would be modern day equivalent of “the shot heard round the world”! https://www.fbs.net/csg/RBTdonate.html)

It interesting to see how the political elite have insulated them selves from the peons. Why bother have petitions at all? You can’t practically impact the politicians.

Argh!

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MONEY: Pirate’s chest

Friday, October 9, 2009

http://townhall.com/columnists/PeterFerrara/2009/09/10/making_up_crime

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When Fed Ex got started, the Feds charged it with violating the legal monopoly of the post office. When Fed Ex won that battle, it was a landmark victory for all Americans. The case against Liberty Dollar offers another potential landmark victory for American liberty.

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Everyone needs competition and “dollars” are no different.

Here’s an entertaining thought experiment. You find a “pirates’ treasure chest”. Breathlessly you open it. What finding would excite you most:

(a) A chest full of 1940 Federal Reserve notes. (When our “pirate” buried a million “dollars”, it was worth the equivalent of a a hundred million. Reference: coffee was 22 cents per pound. You do the math.)

(b) A chest full of Confederate money.

(c) A chest full of Sadam’s Iraqi dinars.

(d) A chest full of GM stock.

(e) A chest full of gold coins.

Yea, I know what I’d pick. And, rebury them under the shore house. Just like our proverbial pirate. For the coming “rainy day”.

Argh!

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POLITICAL: An organ marketplace

Thursday, October 8, 2009

http://lifesharers.blogspot.com/2009/10/transplanting-kidneys-from-people-who.html

Friday, October 02, 2009
Transplanting kidneys from people who had kidney failure

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Nobody should think they’re too sick (or too old) to be an organ donor. People who need transplants would rather live with imperfect organs than die waiting for perfect ones.

As transplant medicine continues to advance, surgeons will continue to transplant lots of organs once thought unusable. Transplanting kidneys from people who suffered acute kidney failure will expand the supply of kidneys by about 1,000 per year. It’s a shame Americans continue to bury or cremate 10,000 transplantable kidneys every year.

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Seems obvious. Better a poor substitute than the alternative.

10k kidneys every year? That’s criminal. We need a free market.

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