POLITICAL: My economic recovery plan

Monday, November 24, 2008

http://www.lewrockwell.com/giles/giles30.html

Fallen Angel
by George Giles

*** begin quote ***

Our one party has two wings blue state socialists and red state fascists, they only disagree on minor conjectures like should we fleece the public fisc through the Federal Reserve, or the Internal Revenue service, or both?

*** and ***

If eternal vigilance is the price of liberty then Americans, as a culture, have been found wanting. The immense debt, the vanishing equity, and the struggling economic infrastructure are the waves upon which our ship of state sails.

*** end quote ***

Wonder if the sheeple will realize they have been had? If we have faith in the “American experiment”, then we can return to our roots of rugged individualism, cast out the socialists, and let the truly free market return us to prosperity. Enlightened individual self-interest is a powerful engine of prosperity. But, we have to be the “home of the free and land of the brave”.

(1) Let the bad actors in the marketplae fail. Citi, GM, NBC, or whomever has a problem; it’s just that. Their problem. Hard bitter medicine? Yes, but essential into correcting the “moral hazard” that our politicians have allowed to happen.

(2) Restore the “uptick rule” that prevents bear raids. FIre the genius at the Treasury, Fed, SEC that changed that one historical gem of an idea.

(3) Restore the marketplace in mortgages. Home ownership may not be for everyone. 20% down! Review every mortgage for criminal fraud. (Rumor hath it that Organized Crime went into the mortgage business.)

(4) End the “Drug Prohibition” policy. Sorry, but it’s nobody’s business what anyone puts in their own body. Pardon all non-violent drug offenders. Allow WalMart to battle the “illegal violent drug dealers”. (The cost of impure illicit drugs will dissolve overnight when Sam Walton’s children become “drug dealers”.) Clean safe drugs at everyday low prices will take all the profit and sexiness out of the drug culture. Hard to imagine a drug war over aspirin level prices. Pot, heroin, crack, and speed for $4 for a month’s supply? Maybe then as a society, we can focus on the medical problems that addicition represents. And, stop killing children both directly and indirectly. Eleimate all the drug agencies: DEA, FDA, and on and on. Consumers Reports, Underwriters Labratory, and “Drug Stores” like WalMart will do a far better job of keeping us safe.

(5) Downsize governemnt at all levels. Let’s conduct a raid on all these bloated kingdoms of waste. Let’s cut 5% per year. Every year.

(6) Let’s cut taxes. Business tax should be 0, but let’s start but cutting it to 10%. (Ireland is 11%!) We know that businesses don’t pay taxes; people do! Personal income tax ditto 10%. And, ONLY ONE ENTITY can collect our 10%. Either Federal, State, or Local gooferment. How they divide it up I care not, but no more than 10%. Property taxes should also be 0. Let the police, fire, and trash be supplied on a competitive basis.

(7) Let’s all MYOB. Marriage should be left to churches; not the gooferment.

How’s that for an economic recovery plan?

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LIBERTY: Time to end “government education”?

Saturday, November 15, 2008

>The book is called “Raising the
>Grade: How High School Reform Can
>Save Our Youth and Our Nation.”

Maybe as a society, we are finally going to escape the “government education” paradigm. We can’t ‘afford’ it from both the input side (i.e., taxes) and the output (i.e., quality of what it produces). Socialists have used it to undermine our national commitment to individual achievement and rugged individualism that made America great. And, put them in control of everyone’s lives.

The purposes of the education system we imported from Prussia was to make cannon fodder soldiers and malleable factory workers. All that could be easily let by a powerful “elite”. Seems to have worked.

Unfortunately, cannon fodder soldiers are not how wars are fought today. Factory workers don’t exist any more in the USA. And that “smart elite” isn’t very ‘smart’ and have clay feet.

Time for a paradigm shift? Not just more meaningless diplomas.

imho!

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MONEY: WASHDC eyes your 401k?

Thursday, November 13, 2008

http://www.carolinajournal.com/articles/display_story.html?id=5081

Dems Target Private Retirement Accounts
Democratic leaders in the U.S. House discuss confiscating 401(k)s, IRAs
By Karen McMahan
November 04, 2008

*** begin quote ***

RALEIGH — Democrats in the U.S. House have been conducting hearings on proposals to confiscate workers’ personal retirement accounts — including 401(k)s and IRAs — and convert them to accounts managed by the Social Security Administration.

Triggered by the financial crisis the past two months, the hearings reportedly were meant to stem losses incurred by many workers and retirees whose 401(k) and IRA balances have been shrinking rapidly.

The testimony of Teresa Ghilarducci, professor of economic policy analysis at the New School for Social Research in New York, in hearings Oct. 7 drew the most attention and criticism. Testifying for the House Committee on Education and Labor, Ghilarducci proposed that the government eliminate tax breaks for 401(k) and similar retirement accounts, such as IRAs, and confiscate workers’ retirement plan accounts and convert them to universal Guaranteed Retirement Accounts (GRAs) managed by the Social Security Administration.

Rep. George Miller, D-Calif., chairman of the House Committee on Education and Labor, in prepared remarks for the hearing on “The Impact of the Financial Crisis on Workers’ Retirement Security,” blamed Wall Street for the financial crisis and said his committee will “strengthen and protect Americans’ 401(k)s, pensions, and other retirement plans” and the “Democratic Congress will continue to conduct this much-needed oversight on behalf of the American people.”

Currently, 401(k) plans allow Americans to invest pretax money and their employers match up to a defined percentage, which not only increases workers’ retirement savings but also reduces their annual income tax. The balances are fully inheritable, subject to income tax, meaning workers pass on their wealth to their heirs, unlike Social Security. Even when they leave an employer and go to one that doesn’t offer a 401(k) or pension, workers can transfer their balances to a qualified IRA.

{Extraneous Deleted}

*** end quote ***

Clearly a very scarey idea.

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MONEY: If printing money could solve all our problems, then why not just print up ten million dollars for every household in America?

Wednesday, November 12, 2008

The title says it all.

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RANT: The local leftist media faults the right for not coming out!

Monday, November 10, 2008

http://channel-surfing.blogspot.com/2008/11/vanishing-republicans-of-south.html

Friday, November 07, 2008
The vanishing Republicans of South Brunswick

*** begin quote ***

I’ve heard some rumors that there are Republicans living in South Brunswick.

Yes, according to these rumors, there are actual, died-in-the-wool members of the Grand Old Party going about their business, meeting at Pierre’s and going through the electoral motions.

*** and ***

I am at a loss as to how the Republicans can turn this around, how they can remake themselves so they offer a reasonable alternative, an opposing voice at a time of Democratic control. This year’s candidates, for instance, were the best the party has had to offer in years and still they barely registered. Part of it was a lack of message — it’s not enough to say a different voice is needed. You still have to explain what that voice would say and how it might have an impact on council business. That was never offered.

But still, it is difficult for me to understand how candidates for Township Council can manage to get so few votes in a year of record turnout. It just boggles my mind.

*** end quote ***

Posted by Hank Kalet at 1:25 PM

# – # – #

Libertarian at 08824 said…

Why bother? The people of South Brunswick are content with the chains of the status quo. They have drunk the progressive Democratic kool aid. They must love the high taxes, “fat” bureaucrats, and the Jersey corrupt system. The sheeple are just “free riders” on a waste of effort. Until there is some indication of life, or some minimal support of Liberty in the sheeple, why bang your head against the wall?

“If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen.”—Samuel Adams

Before the current Democratic / Republican duopoly came across the land, Republicans were the party of smaller government and the Democrats were the party of individual liberty. Now it’s a disgrace. No difference. The politicians, aided and abetted by the Teachers Union, the Trial Lawyers, and the Unions, have figured out how to feather their own nest, while rewarding their friends and punishing their enemies.

They don’t want anything to disturb the status quo. Just try to get third party on the ballot in New Jersey. What a joke. “They”, the entrenched power elite, make the rules to prevent any change. The sheeple don’t get that the game is rigged. Take for example, school budgets! When the activists in town actually can mount a defeat of the bloated school budgets, there are six levels of appeal that will over ride the will of the people.

Property tax reform? It’ll come when no one can afford to own a home in New Jersey. Ethics reform? When the people refuse to speak to any elected official in any party, caucus, or pact with a corrupt official. State pension reform? When taxpayers, who don’t have a pension, refuse to endow the bureaucrats with a plush lifetime pensions and healthcare. Education reform? When senior citizens refuse to fork over their meager social security to “educate” other people’s children; not that it is “education” to pay unionized teachers to babysit bored children. And on. And on.

The only way to upset the applecart is to have a revolt. Gandhi showed how to do it. Just don’t cooperate. As this country gets more severely divided into producers and drones, eventually the producers will say “why bother”! When they stop producing, there would not be anything for the drones to take. Why do you think there is the continual drain of people out of New Jersey?

No, when my fellow sheeple are ready to lie down in the streets to prevent the schools from opening, storm the municipal building to stop them from stealing any more of our money, and march on Trenton to drive the thieves from the Golden Dome, I’ll be right there with them.

Till then, I object to you castigating “Republicans” who are just being realists.

See you at the demonstrations.

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RANT: We have an “economic illiterate” as US Senator!

Wednesday, November 5, 2008

http://www.americanthinker.com/blog/2008/11/how_stupid_is_senator_menendez.html

http://www.youtube.com/watch?v=W7FJX5QiCrw

November 04, 2008

How stupid is Senator Menendez?

Larrey Anderson

*** begin quote ***

Either he is stupid or he is intentionally confusing the difference between the income tax and capital gains taxes.

Watch this interview of Senator Robert Menendez, a New Jersey Democrat, by Neil Cavuto on FOX news.

*** end quote ***

Well, we have Lautenberg too.

<Just shaking my head!>

I don’t think we have ANYTHING to worry about. There won’t be any tax cuts period.

Then sheeple have been fooled again.

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POLITICAL: Nuke the FED!

Monday, November 3, 2008

http://www.lewrockwell.com/rockwell/austrian-econ-more-than-ever.html

Why Austrian Economics Matters More Than Ever
by Llewellyn H. Rockwell, Jr.

*** begin quote ***

Abolishing the Fed would put a huge brake on the planning state. Without the ability to expand the money supply at will, the federal government would become about as threatening as state or local government. That is to say, the federal government would still be an intolerable imposition on life, liberty, and property. But we wouldn’t be worrying about hyperinflation, large scale bubbles in specific sectors, crazy business cycles, trillion-dollar bailouts, controls that reach into every nook and cranny of our lives, a cradle to grave welfare state, or a global empire that invades any and every country at will, and makes America the enemy to whole regions of the world.

That’s only the beginning of what the end of the Fed would mean. It would dramatically change the political culture in this country. Bureaucracies would tumble. Trade would stabilize. The investment-risk calculus would accord with the free market. The left could no longer live out its pipe dreams of socialist utopia at our expense. The right would have to give up its wacky notion of a world police state. The power ambitions of whole sectors of society would be scaled back.

The state is always and everywhere a danger, even when it has no monopoly on money and no printing press that can create money tickets at will. But a state with the ability to make its own money is a grave and relentless threat to prosperity and freedom. It leaves the future entirely to the discretion of the money managers. Every day we live under the threat that the US could be the next Weimar Republic or even another Zimbabwe. All that stands between us and that day is the wisdom and prudence of the Fed.

*** end quote ***

There was a fundamental shift in America that was done without the People even being aware of the terrible path they were being taken down.

With the financial meltdown (i.e., criminal collusion between Congress and Wall Street), it seems like an appropriate time to put the Fed out of business.

It’s un-American!

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POLITICAL: Are elections important where there is no choice?

Monday, November 3, 2008

http://www.lifetrekcoaching.com/current/

PROVISION #589 (11/02/08): ELECTION ENERGY

>You’re also participating in that great movement called democracy. The opposite of democratic
>is not republican; the opposite of democratic is aristocratic. “Democratic” means rule of the
> people, the “demos” in Greek, while “aristocratic” means rule of the best, the “aristos”.

You have got to be kidding. This is a joke. Right? You can’t be serious. This is what the Founding Fathers feared most; the inflamed passions of the mob.

Sorry, given today’s education system, which is right out of the Socialist Horace Mann’s playbook, we have functionally illiterate people picking based on TV. I’ve got more respect for “Dancing with the Stars” election process than I do “the gooferment’s one”. (Have you seen the mechanics of voting?) Mann wanted an education system to create good factory workers and soldiers for the army. People who were easily lead by the elite.

See any elite in this election?

I sure do!

Sarah is the only wild card in the deck. And, at least she has some demonstrated executive ability. She is probably the most qualified of all of them. At least she hasn’t been in Washington DC at all.

No, this isn’t about an Athenian democracy. Or Plato’s “Republic”. This is about “manipulation”. Yes, you did see raw intelligent passion as folks came out for Ron Paul. There was a TRUE choice. A completely different path! Hopeless; throwing themselves against the entrenched elites of the Republican Party. Mao said “All power comes from the end of a gun”. He was dead on.

We have an American because some Dead Old White Guys stood up to the entrached power elite and said “hell, no!” and were willing to die for their liberty. We’ve seen from time to time that fighting spirit come out — the Second American Revolution aka the War of Norther Aggression aka the Civil War (there’s a misnomer).

The elite allows “elections” on the hope that the sheeple will carry on the illusion of “their government”. In fact, it is a fraud. Your friend was absolutely right there’s no difference between the two “parties”. In the election that you abhor the Supreme Court deciding, there was only two choices the Harvard guy with the blue tie and the Harvard guy with the red tie. They are so much alike I can even remember who wore what!

No, the whole thing is a farce! Except at the end of it, the gooferment kills. It kills with its diversion of our attention to REAL problems. To the real loss of liberty here at home and abroad. Eventually, the chickens do come home to roost.

At some point in time, the oppressed decide that they are tired of “the shit end of the stick”. They look at their lot in life and make a decision to say “enuf”! If we are lucky, it’s relatively peaceful like Ghandi, the Polish Soladarity, or the Russian Communism collapse. If we are not, it’s bloody like the French Revolution, Mao taking China Communicst, North Korea, Nazi Germany.

I fear we are merely traveling the road that ends in disaster. Election, or not. When you have Socialism, whether it be from a Democrat or a Republican, that takes an ever increasing percentage of wealth and earnings, while one’s accumulated wealth is inflated away, you have the focus point of revolution. At some point, even American’s will say “enuf”?

Can’t tell you at what point exactly that is. When the taxes so much, that survival is in doubt? When a life’s savings are stolen? When the insame gooferment diktats about drugs have half the people in prison? When the unemployment is 50%? When the dollar ceases to be the reserve currency and we have a Zimbabwe inflation? When Hispanics become the dominent race here in America? If Obama loses and half the people think the other half are racists? If McCain loses and half the people think the other half are Marxist Communist Socialists?

Eventually, all gooferments get around to killing their citizens. Like the JPFO says: “Frist comes disarmament; then genocide.” We will have a “vote” then. I pray it’s Ghandi-like. But, I’m not so sure of that. I do know that “cold dead hands” will decide the issue eventually. Not ballots.

Peace,
fjohn

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POTUS08: FLASH! Obama calls me “selfish”!

Saturday, November 1, 2008

http://tinyurl.com/6dm767

Political Punch
Power, pop, and probings from ABC News Senior National Correspondent Jake Tapper
October 31, 2008 10:58 AM

*** begin quote ***

“John McCain and Sarah Palin they call this socialistic,” Obama continued. “You know I don’t know when, when they decided they wanted to make a virtue out of selfishness.”

*** end quote ***

Well, that tears it! It’s all out in the open now. His stealth campaign is unmasked.

Think it’s just big gooferment; you’re selfish.

<shaking my head at the hubris of the socialists>

Argh!

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MONEY: Potentially a raid on your 401K?

Monday, October 27, 2008

http://www.wnd.com/index.php?fa=PAGE.view&pageId=79168

Democrats target your 401(k)

Posted: October 27, 2008 1:00 am Eastern

Roger Hedgecock is the longtime top-rated radio talk host in San Diego, Calif., on KOGO and, more recently, a nationally syndicated Saturday radio host heard already in 47 markets and on XM Satellite.

*** begin quote ***

Democrats plan to tap your private retirement plan to fund Barack Obama’s many promises to expand the power and size of the federal government.

Your pre-tax annual contribution to a 401(k) will be taxed under a plan considered by House Education and Labor Committee Chairman George Miller, D-Calif., and Rep. Jim McDermott, D-Wash., chairman of the House Ways and Means Subcommittee on Income Security and Family Support.

*** and ***

They would eliminate the annual tax deferral for 401(k) contributions, which reduces federal revenues by about $80 billion per year. Instead, they propose that the federal government pay every worker $600 per year (inflation adjusted each year) and require every worker to invest 5 percent of their after-tax pay into a new retirement account to be administered by the Social Security Administration. The money would be invested in a new class of government bond which would yield 3 percent per year, adjusted for inflation.

This plan was originally proposed by Theresa Ghilarducci, professor of economic policy analysis at the New School for Social Research in New York, and presented to Miller and McDermott last week at a House hearing.

These liberal Democrats thought the plan ingenious. They could take over the largest pool of private savings in the U.S., redirecting some $3 trillion to government spending.

*** end quote ***

This is scary stuff. Need to look for more details.

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POLITICAL: Last night’s “debate”

Thursday, October 16, 2008

We are in for a rough road!

Anyone remember Clinton’s promise to lower taxes? Who’s more likely to lower taxes? Certainly not O.

Anyone remember that corporations do NOT pay taxes? They just pass them along.

O, flat out, lied about Infantacide! Reminded me of Clinton parsing the word ‘is’!

McC will give us nuke power; just like France and the Navy. That’ll take us a long way to energy independence.

Doesn’t anyone else feel that O is an empty suit. The guy doesn’t have ANY qualifications. Zero! Of all them, only Palin has ever actually run anything!

Didn’t anyone find it humorous that O refers to Biden’s foreign policy experience? Is the ticket upside down?

Finally, it all boils dow to who do you trust. O with his Chicago corruption machine, some strange bedfellows, and the usual democratic special interests (i.e., tort lawyers, teacher’s union, assorted left wing loons). Or the cranky old guy from the last generation.

Both are socialists. Both won’t be able to do much. But, whose ‘much’ do you want.

Batten down your “financial hatches”. I think we are going to have another Carter.

Argh!

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RANT: It’s not an “economy” failure, nor a “free market” failure. It’s a “political” failure!

Saturday, October 11, 2008

On Oct 10, 2008, at 10:08 PM, P wrote:

*** begin quote ***

From: “Chuck & Joyce”
Date: October 10, 2008 7:18:54 PM EDT
To: <Undisclosed-Recipient:;>
Subject: Fw: Our failed economy

Back in 1990, the Government seized the Mustang Ranch brothel in Nevada for tax evasion and, as required by law, tried to run it. They failed and it closed. Now we are trusting the economy of our country to a pack of nit-wits who couldn’t make money running a whore house and selling booze?

*** end quote ***

TO WHICH I REPLIED:

the economy hasn’t failed. we’ve failed to keep our politicians in line with what the dead old white guys outlined as the proper role of gooferment. at our own peril. anyone who votes for an incumbent this year is part of the problem. even if the incumbent had NOTHING to do with it or did nothing bad, they were: (1) tacitly complicit; (2) too stupid to realize what was coming down the road; OR (3) ineffective to stop it. Look at how many times Ron Paul was the lone voice “no”! No on the war. No on taxes. No on Fannie and Freddie. No on the Fed. Sigh. Best gooferment money can buy. Sorry. It wasn’t an economy failure; it was a political failure. We may become the next hyperinflation — like present day Rhodesia, Argentina of the 70s, or Germany of the 1930s. We know how well those all worked out. Gold coins may be needed. The Dead Old White Guys told us that was money. But we didn’t listen as FDR and Nixon fooled us. The 1913 FED started to procession to where we are today. Spinning out of control. Does no good to be right when the commonweal goes over the cliff taking us all to perdition. Argh. It’s all socialism and the elite in their hubris have led us there. Now where is my pitchfork and torch!

# – # – #

Warning! Don’t stick your fingers in the Libertarian’s cage and poke or prod them. They can snap back. Us little L libertarians are very frustrated. No amount of warning “Here comes The Cliff” has done any good. All we get are dumb looks as people ask “Who’s Cliff?” Guess you know now. Welcome to what Mises, Hayek, Rothfarb, and all the “Austrian School” economists have been warning about!

Don’t blame me. I supported Ron Paul!

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RANT: It’s not a “financial crisis”; it’s a moral crisis!

Tuesday, October 7, 2008

http://www.glennbeck.com/content/articles/article/198/16171/


Glenn Beck: What happened?

October 6, 2008 – 13:01 ET
Glenn’s letter to his family explaining how we got into this economic crisis…
Yes, another email letter from your crazy brother. You raised a lot of questions in your last email and I am going to try to answer all of them.

I think all of your questions fall into three areas: (1) how did we get here; (2) what’s coming; and (3) what can I do to prepare myself and my family.

Consider this email as my answer to your first question, “how did we get here?”. I’ll be sending you 2 more emails answering your other two questions. Since there’s a lot of misinformation out there I will document each of the facts in my emails so you know where I pulled the information from and where you can go to read and learn more.


{Article Continues}

*** end quote ***

A well-reasoned well-documented apolitical (there’s a lot of blame to go around!) piece. Clearly, there are a lot of people who deserve some tar and feathers. Clearly, it ain’t going to change anytime soon. Clearly, not only will NEITHER prez candidate be ABLE to DO anything about it. So what’s some one to do. (1) Get rid of incumbent politicians. Good start. (2) DownsizeDC dot org to slow them down and put them under a microscope. (3) Get ready for a “japan decade” of low growth tight times and look at the stagflation of the Carter years. Morose, yes. Realistic, yes. We need to summon up the Dead Old White Guys for government reform, the courage to start making hard political choices, and good old American ingenuity. We have to THINK our way out of this mess. And, “thinking” is not Washington’s strong suit. Spending is. We have to follow the lead of Andrew Jackson and kill the FED. It’s the root of all evil in that the inflation tax allows COngress to spend money it doesn’t get from taxes. We need them to run an honest set of books. You want a war, pay for it. You want welfare, pay for it. You want spending, where is the tax to cover it. Painful, yes. Necessary, yes. Unavoidable, yes.

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RANT: Wooden arrows?

Sunday, October 5, 2008

http://deepbackground.msnbc.msn.com/archive/2008/10/03/1489413.aspx

*** begin quote ***

Tucked into pages 262 and 263 of the bill, for example, are provisions that will aid the manufacturers of “certain wooden arrows designed for use by children.” The bill will exempt the arrows from an excise tax of 39 cents. There are also tax breaks for race-track owners, for rum imported from Puerto Rico, for worsted wool makers, Hollywood film and television production companies and on and on.

*** end quote ***

Maybe this will be a wake up call to Get Rid of Incumbent Politicians (GRIP)?

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LIBERTY: Don’t privitize Social Security. It’s too risky!

Thursday, October 2, 2008

http://channel-surfing.blogspot.com/2008/10/market-meltdown-is-best-argument.html

Thursday, October 02, 2008

Market meltdown is best argument against privatizing Social Security

*** begin quote ***

It has always been pretty clear to me that the notion that we could fix our retirement system by handing it over to Wall Street was, well, nuts.

*** and ***

American workers shouldn’t have to face this kind of uncertainty. The cautionary tale is before us — listen to this NPR Morning Edition report on soon-to-be retirees who thought they would live off their savings and investments, but whom the experts now council to “keep on working.”

Posted by Hank Kalet at 3:00 PM

*** end quote ***

Of course, I was enraged and commented:

fjohn said…

Arghhh!

So let me understand this.

It’s OK to rob poor black men to pay off rich white women? (Who designed this one out, the KKK?)

It’s OK to rob the future generations in an intergenerational transfer of wealth. (Like eating your young?)

It’s OK to have a forced savings plan that has an implied interest rate of negative 2 percent. (OK, you may not have enough left from your job, but nanny gooferment will save you some dog food for your retirement.)

It’s OK for a poor person’s largest asset (i.e, “their” social security accrued benefits) to “evaporate” when they die. Absorbed back into the gooferment till for a $225 ‘death benefit’. (Even a passbook savings account can be inherited.)

Argh!

Yes, save us from the Stock Market that earns an average of 8% a year over LONG periods of time.

Save us mommy gooferment from the big bad real world. The fact the the gooferment — specifically the congress critters took payoff from the monsters they created — caused the problem and you seek to save us by MORE gooferment.

Really explain it to me again. Use littler words. Cause I’m getting screwed by all you socialists and I can’t stand it any more.

Explain to me how Chile privitized their social security in 1970 with a population so illiterate they had to use pictures for the investment companies because people could NOT read the names. (Haven’t heard about dying old folks in Chile lately. Maybe everyone died of privitazation there and we have NOT had it reported yet?)

Argh!

It must by the fault of those Liberty loving dead old white guys.

I’m sure they must have mentioned Social Security in the enumerated powers.

Please give me a break with this circular logic on an un-Constitutional un-Liberty disabling disempowering Socialist program.

Karl Marx must be laughing in his beer at us! Him and his cousin Groucho. They couldn’t have made a funnier skit.

4:39 PM

# – # – #

In summation, don’t fix a failed program because of stock market volatility. What caused the volatility, criminal negligence by the ploiltical class.

OK. Lets kill the porgram completely.

Even if one stipulates that a bunch of dead old white guys 200 years ago can bind me to an obligation, let’s see where it says that you Socialists can steal my money “for my own good” of course.

Argh!

Leave me alone. Take your Socialism and keep it to yourself.

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POLITICAL: Corporations don’t pay taxes; people do. Zero the Corporate Tax Rate!

Sunday, September 28, 2008

http://www.doughroller.net/2008-presidential-elections/presidential-debate-fact-check-obama-mccain-economic-cla

First Presidential Debate Fact Check: Obama and McCain’s Economic Claims
Written by DR | Bookmarks: Reddit this, del.icio.us

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The first 2008 Presidential Debate saw both Senators Obama and McCain defend their economic proposals and attack the other’s plan. Facts, figures and statistics were flying back in forth during the exchange so fast it was difficult to keep up. So after the debate I watched the replay and read the transcript to pick out the economic claims made by both Presidential candidates. In this article, we’ll look at their claims to determine whether they are rock solid true (earning a score of 1), true but with a lot of spin (earning a score 2) or flat out, nose-growing false (earning a score of 3).

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MY COMMENT ON THIS STORY

Excellent job on fact checking. Calm and reasoned. Apparently fair.

I have no “dog” in this fight. I’m a little L libertarian. Don’t care much for either candidate.

I would like to comment on “Corporate Income Tax”.

It’s a sham designed to deceive the folks as to what is the overall level of taxation that Americans pay.

CORPORATIONS DON’T PAY TAXES OR FEES. YOU DO!

As a “frugal” site, I read often, I think you’d hammer this home.

Corporations are very much like a zero sum game. If they have a cost, they pass it along to the person who buys their product or services. If it’s a widget with a pound of steel in it, your paying for that pound. Price of steel goes up, the corporation marks up the price of their product. Simple enough. If they didn’t they’d go broke.

When the gooferment imposes taxes on Corporations, that’s just another cost that the business pass along to you. EXCEPT now you can’t see it. You don’t know what portion of the cost of a loaf of bread is taxes and what portion is bread.

It gets worse, regulations and laws add costs. They come to you hidden in the cost of the products.

It gets even worse, when the gooferment taxes a product that corporations use to make or deliver other products (e.g., gasoline), that tax is a tax on taxes. And is passed along and even buried further. It has an exponential effect!

I’ve seen estimates that the real tax percentage in products is HUGE! 50 to 75%!! I don’t think anyone can tell. AND that’s excatly the politicians purpose.

Bottom line: Corporate taxes imho should be ZERO!

Let’s put the cost of gooferment squarely out in the open! These bozos are no fools. There’s a reason that Tax Day is a half a year away from election day. That reason is that they couldn’t get it any further away.

So, when either candidate talks about corporate taxes, regulation, and fees, I think they are, possibly unknowingly (But I don’t beleive that) DEFRAUDING us from know the true cost of how badly we are being ROBBED!

sigh, imho,
wake up sheeple,
fjohn

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FUN: 85B$ to AIG, no; 300k$ to every adult, yes!

Friday, September 26, 2008

FROM MY LUDDITE FRIEND:


From: Luddite
Date: September 26, 2008 9:04:45 AM EDTTo: “Know It All”Subject: Birk Alternative Economic Recovery Plan
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The Birk Alternative Economic Recovery Plan

I’m against the $85,000,000,000.00 bailout of AIG.

Instead, I’m in favor of giving out the $85,000,000,000 to Americas in a “We Deserve It Dividend.”

To make the math simple, let’s assume there are 200,000,000 bonafide U.S. Citizens, age 18+.

Our population is about 301,000,000 +/- counting every man, woman and child. So 200,000,000 might be a fairly good stab at adults 18 and up..

So divide 200 million adults 18+ into the $85 billon. That equals $425,000.00.

My plan is to give $425, 000 to every person 18+ as a “We Deserve It Dividend.”

Of course, it would NOT be tax free. So let’s assume a tax rate of 30%.

Every individual 18+ has to pay $127,500.00 back in taxes. That sends $25.5 billion right back to Uncle Sam.

The result is every adult 18+ has $297,500.00 net of taxes in their pocket. A husband and wife would have $595,000.00.

What would you do with $297,500.00 or $595,000.00 in your family? Pay off your mortgage – housing crisis solved. Repay college loans – what a great boost to new grads. Put away money for college – it’ll be there safe in a bank – create money to loan to entrepreneurs. Buy a new car – create jobs. Invest in the market – capital drives growth. Pay for your parent’s medical insurance – h ealth care improves. Enable Deadbeat Dads to come clean – or else.

Remember this is for every adult U S Citizen 18+ including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back. And of course, for those serving in our Armed Forces.

If we’re going to re-distribute wealth, let’s really do it…instead of trickling out a puny $1000.00 ( “vote buy” ) economic incentive that is being proposed by one of our candidates for President.

If we’re going to do an $85 billion bailout, let’s bail out every adult U S Citizen 18+!

As for AIG – the hell (sorry about that!) with them. Liquidate it. Sell off its parts. Let American General go back to being American General. Sell off the real estate.&nb s p; Let the private sector bargain hunters cut it up and clean it up.

Here’s my rationale. We deserve it and AIG doesn’t.

Sure it’s a crazy idea that can “never work.”

But can you imagine the Coast-To-Coast Block Party that would take place!

How do you spell Economic Boom?

I trust my fellow adult Americans to know how to use the $85 Billion . We deserve the money more than the geniuses at AIG or in Washington DC .

And remember, The Birk plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.

Ahhh…I feel so much better getting that off my chest.

Kindest personal regards,

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But what would the poor starving plutocrats do? The strange “common sense” you find on “those inter tubes”!
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POLITICAL: “I vote small government. Every issue. Every time. No exceptions. No excuses.”

Thursday, September 25, 2008

Home

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POLITICAL: 2008 Boston Tea Party

Wednesday, September 24, 2008

http://www.bostontea.us/

The Boston Tea Party supports a constitutional amendment a) repealing section 4 of the 14th amendment; b) prohibiting future indebtedness and deficit spending on the part of the federal government; and c) repudiating all federal government debt and debt service obligations accrued prior to the ratification of said amendment.

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LIBERTY: Calling Taxachusett’s voters — CARLA HOWELL’S OP-ED

Monday, September 22, 2008

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CARLA HOWELL’S OP-ED COLUMN FOR THE SUNDAY BOSTON GLOBE
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Below is Carla Howell’s final draft of her Op-Ed Column for the Sunday,
September 21 edition of the Boston Globe:

Why Haven’t You Been Told These Things About Ballot Question 1?

by Carla Howell

Why are 1,350,000 Massachusetts voters already planning to vote YES on
Question 1 to end the state income tax?

First let’s look at what happens if you join those YES voters – and what
happens if you don’t.

If you vote YES, we end the state income tax, let 3.4 million workers
get back an average of $3,700 each, every year, and roll back annual
state government spending to $34.7 billion.

If you vote NO, we keep the state income tax, require those workers to
keep paying an average of $3,700 each every year, and maintain state
government spending at $47.3 billion.

Which choice, which vote is better for the 3.4 million workers and
taxpayers of Massachusetts? Let’s look at some key Massachusetts
government numbers.

The $28.2 billion “budget” figure tossed around is only part of it –
called the Statutory Budget. There are three other parts of the complete
budget: NON-Budgeted Spending, Capital Spending, and Expendable Trust
Spending(1). These four budgets come to $47.3 billion in state
government spending for this year.

Massachusetts cities and towns are spending $27+ billion(2) this year.

That totals $74.3 billion in Massachusetts government spending. Subtract
$5 billion in state funds given to cities and towns (to avoid double
counting) and subtract another $12.6 billion from the state income tax.

What’s left? $56.7 billion for city, town and state governments AFTER we
end the income tax – way more than needed to fund every essential
government service.

Government waste is one reason why so many voters already plan to vote
YES on Question 1. Last April, Fabrizio Surveys asked Massachusetts
voters this question: “How many cents out of every dollar you pay in
state taxes would you say is wasted by the state government?” Their
average estimate was “41 cents.”

Ending the income tax will cut state spending by just 27%, leaving
billions of dollars in state government waste still to cut – without
even touching the waste in local government spending.

There’s one more number that will make you feel at home if you’re
inclined to vote YES on Question 1.

45% of Massachusetts voters already plan to vote YES on Question 1 –
according to three polls, approximately the same number that polls show
will vote against Question 1. With a November 4th voter turnout of 3
million, that comes to a whopping 1,350,000 votes to end the state
income tax.

The numbers show we can easily afford to end the income tax and how many
voters want it. But it’s the benefits to the people of Massachusetts
that make a YES vote on Question 1 a real winner.

Voting YES will give back over $3,700 each, on average, to over 3,400,
000 Massachusetts workers and taxpayers. That’s a $3,700 pay hike for
each of them, not just once, but every year.

It will take $12.6 billion out of the hands of Beacon Hill politicians –
and put it back into the hands of the men and women who earned it. Every
year.

In productive, private hands this $12.6 billion a year will create
hundreds of thousands of new jobs in Massachusetts.

This tax cut will force the state legislature to streamline and cut the
waste out of the Massachusetts state budget.

It will force the state legislature to get rid of the failed, flawed
government programs that don’t work – and often make things worse.

It will make the state legislature accountable to Massachusetts workers
and taxpayers – instead of the government employees, lobbyists, and
special interests who profit from high government spending.

With less government and no income tax, Massachusetts will become a
magnet to private, productive businesses and individuals. This will
bring the state more good jobs and more good workers.

A YES vote will enable Massachusetts families to pay off their mounting
bills and debts – and save thousands of them from home foreclosures and
bankruptcy.

By making the Massachusetts total tax burden more affordable, we’ll
allow more of our young people to stay in Massachusetts near their
family, their friends, and their home.

These are the reasons why you should vote YES on Question 1 to end the
income tax. It’s not just what’s best for you. It’s what’s best for 3.4
million Massachusetts workers and taxpayers – and their families.

(1) (http://www.mass.gov/Aosc/docs/reports_audits/SBFR/2007_SBFR.pdf
Pages 308 – 312)

(2)(http://www.mass.gov/?pageID=dorterminal&L=3&L0=Home&L1=Local+Officia
ls&L2=Municipal+Data+and+Financial+Management&sid=Ador&b=terminalcontent
&f=dls_mdmstuf_aag_aagindex&csid=Ador , See Fiscal Year 2007 Schedule A,
Actual revenues/expenditures for each town. Adjust up $1.3 billion for
all towns to bring budget current.)

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