14 October 2013


I am so pissed at the Republicans right not it’s not even funny.  They make a principled stand around Obama care and shut down the government over it.

Now its 11 days later and the Republicans are talking entitlement reform and Obama care is not even mentioned.  Why?  I’m starting to understand that the republican party is really split between conservatives and big government, go along to get along, just make me a committee chairmen, all for the establishment republicans.

With McCain in the senate bashing Cruz because Cruz became a true “maverick” and stood his ground with his 21 hour speech about defunding Obama care.  All Cruz did was do what McCain ran his whole presidential campaign on.  Remember maverick this and maverick that. McCain’s a maverick. Maverick maverick, maverick. Cruz stood his ground against the senate and said I’m going to draw the line here and fight. You can tell who is a threat to the establishment by who is attacking them, and Cruz was attacked from all sides. And Sarah Palin comes to mind as well,  That right I said Sarah Palin.    What the hell is the Republicans problem with fighting for something they believe in?  I get the polls suck, but they suck for everyone at this point.  I saw one today that said the by margin of 80% that the American public wants to throw out every member of congress.  I’m with them.  I have absolutely no confidence in the republicans let along congress to do the right thing to save the country.  How can we trust a government that exempts themselves from the very law that they say we need? I won’t trust them so why should you?

The media is fully on the side of the administration as well.  Most questions to a republican lately is do you feel bad that you shut down the government? Or don’t you feel responsible for shutting down the Government?  (80% of the Government is still up and running by the way).  Or, how bad do you feel about shutting down the government and putting all these people out of work?  Oh, they grill the democrats as well.  They ask the democrats shouldn't the republicans feel bad about shutting down the government?  Or, When do you think the republicans will stop their extreme ways and open the government? You know BS like that.   

But then I think this is all part of Obama’s plan to transform America. For his plan to work the old system has to collapse, all you have to do is look around you. The public needs to lose faith in the government (which it has), the economy is down and unemployment is high, cost of living is going up and the government is taking control of your health care.  The term “illegal aliens” is going to become a thing of the past, because immigration reform WILL come back for the midterms in 2014 and the presidential election in 2016 I guarantee you that.  The IRS worked in tandem with the White House to target citizens. The administration sold automatic weapons to the Mexican drug cartels just to prove there’s automatic weapons going over the border to be used by the Mexican drug cartels. Killing over 300 Mexicans and one US border agent.  The administration let 4 Americans die in Benghazi because helping them in the middle of a re-election was considered “bad optics” right after a convention where the theme was Obama defeated Al Qaeda. I know at this point what difference does it make? In addition, Obama is droning everyone and everything.    Quoting Dr. Ben Carson “ The worst thing you can do to another human being is to make them dependent”  and that’s what Obama’s goal is.  Make things so bad that the only way out is Government. A massive, centralized, all encompassing, fat, bloated, unchecked all powerful Government.  When you have a President that won’t sign a bill funding bereavement pay to the families of fallen soldiers because a private organization temporally stepped in to help.  That’s fucked up.  Obama chose not to sign this. Him, Mr. compassion himself chose not to sign a bill that passed through both houses at time of great crisis in a bipartisan full consent way.  He chose not to sign it.  Yep that’s change you can believe in. I just hate the fact that for all their dysfunction republicans are the only party that is at least trying to put a check on spending and debt. The other party wants ALL the barriers removed to spend and borrow without limits or checks, and they all themselves the rational ones?  Really?

SO where does that leave us??  It leaves us with a weak republican party that’s in the process of killing themselves by death of a thousand cuts.  The country is in free fall and Obama is walking around telling us how great everything is and will be if we just give a little more of our liberty up and stop complaining and get with the program.   So I’m calling out the republicans to stand up and fight!  Get rid of all the consultants and republican strategist.  If you had anything to with the last 3 election cycles get out!  Your advice is and was useless so get lost.  Carl Rove and company this means you!  Take your white board and go home.   I calling for a complete vote of no confidence for the entire republican leadership.  From the speaker of the house to the head of the party, your all on notice!  Blow this fight, the mid-terms and 2016 and your done as a party.  Who needs you if this is the best you can do.  Don’t just say I believe in the Constitution, put your money where your mouth is and fight for it, fight for us!   I’m calling for a return to the founding principles or first principles as some call them.  Look to the Constitution for guidance.  Read the arguments regarding the constitutional convention. Read the federalist and anti-federalist papers.   Look to the original intent of the founding fathers and the framers of the constitution for inspiration.  Draw strength from them.  Understand that they were willing to sacrifice everything and I mean everything including their lives in order to create a country where it’s citizens were greater than any government.  A country where for the first time in history acknowledged that all men were endowed with rights that were granted by God and not dictated by a government. A country that stood for liberty and freedoms and these freedoms are slipping away with every lost election to the big government statist.  Stop worrying about your own self interests of your pension and health care for you and your family for life.  Stop only listening to the Washington insiders who tell you to support the “Most electable” candidate.  Learn from these mistakes.  Take solace from the millions of people who want you to stand and fight!  Stop this tyranny before the country is too far gone to save!  

13 April 2013

Obama's New Budget

Below are the top 10 tax increases in President Obama's budget (all numbers are over a decade):

1. Chained CPI. The budget would change the definition of inflation for all federal budget purposes, including federal tax provisions. Because tax brackets and other tax items are indexed to inflation, slowing down their growth is an income tax increase. This is a tax increase for all Americans who pay income tax, including middle class Americans. In the past, Congress' Joint Committee on Taxation has estimated that enacted "chained CPI" would be a $100 billion tax increase.

2. Itemized deduction cap. The Obama budget limits the maximum value of itemized deductions, like those for charitable donations and mortgage interest. This is an income tax increase. No matter what tax bracket you are in, under this Obama provision you can't benefit any more than if you were in the 28 percent bracket. There are three tax brackets higher than this: 33 percent, 35 percent, and 39.6 percent. These families will not be able to fully deduct things like mortgage interest, charitable deductions, and state taxes paid. Note that this is on top of the phaseout of itemized deductions ("Pease") that President Obama forced on taxpayers in the fiscal cliff. Tax increase: $529 billion.

3. Death tax hike. The Obama budget would raise the death tax rate from 40 percent today to 45 percent. It would also reduce the inflation-indexed death tax "standard deduction" from $10.3 million today for married couples (half that for singles) to $3.5 million with no inflation adjustment. There are also other death tax increases of a more technical nature. Tax increase: $79 billion.

4. "Buffett rule." The president's budget would impose a new "Buffett rule" on taxpayers whose adjusted gross income exceeds $1 million. These taxpayers would have to face an average tax rate (that is, their tax bill divided by their income less charitable contributions) of 30 percent. Tax increase: $53 billion.

5. Tobacco tax hike. The president's budget nearly doubles the tobacco tax, from $1.01 to $1.95 per pack, and then indexes it to inflation from there. This is a clear tax hike on middle class Americans. According to independent estimates, the average smoker in America makes about $40,000 per year. Additionally, tobacco taxes are a declining tax revenue base, and as a result it's inappropriate to fund new government programs using it. This isn't the first time President Obama has raised federal tobacco taxes. In 2009, on his 16th day in office, he signed into law a 156 percent increase in the tobacco tax. Such tax increases are a violation of Obama's central campaign promise not to sign "any form of tax increase" on Americans making less than $250,000 per year. Tax increase: $78 billion.

6. IRA and 401(k) plan restrictions. There are two new tax increases on IRA and 401(k) savers in the president's budget. The first restricts the total account balance in ALL tax preferred IRAs and 401(k)s to a combined $3 million. The second would require that non-spouse beneficiaries of IRAs and 401(k)s distribute all money within five years, rather than over their lifetime. Additionally, the budget forces all employers with 10 or more employees to open payroll-deduction IRAs at work. Tax increase: $14 billion.

7. "Carried interest" capital gains tax hike. Under current law, capital gains are taxed at rates lower than ordinary income to reflect the double taxation of investment capital, risk, and other factors. The current top capital gains tax rate is about 24 percent. Some capital gains are received by managing partners of investment partnerships. These capital gains are known as "carried interest." Despite the fact that these capital gains are no different than capital gains anywhere else (and are the same source of capital gains that the limited partners in such arrangements receive), the president's budget taxes these capital gains at ordinary income tax rates, which are nearly 45 percent on an all-in basis. Tax increase: $16 billion.

8. Energy tax hikes. There are energy tax hikes littered throughout the budget. Taken together, these tax increases will have one effect and one effect only: higher prices for consumers at the gas pump and in their utility bills. Tax increase: $94 billion.

9. Tax increases on international income. The U.S. is one of the only developed nations that taxes the income of U.S. companies and individuals which are earned overseas (so-called "worldwide taxation"). In so doing, we potentially expose this money to taxation in two different countries on the same earnings. The Obama budget increases the likelihood that this double taxation will occur by removing protections against it. Ideally, the U.S. would only seek to tax income earned within the United States, a system known as "territoriality." Tax increase: $158 billion.

10. Financial system tax increases. These, too, are littered throughout the budget. They would impose taxes on banks, brokerage firms, life insurance companies, and virtually every other way that the middle class saves and invests. These costs will be passed along in the form of higher fees, bigger commissions, and lower returns to shareholders. Tax increase: $94 billion.

29 January 2013

Rahm's ObamaCare

The information minister has called it again...First dump the city employees, then the State, then the federal, then the poor and old then the rest of us.  The state exchanges will beg the fed to bail them out because of the cost.  The fed will step in for the "Good of the people" and universal single payer health care will be ours.  This was the end game all along.  This is why the Democrats in fiscally fucked up states and cities were all for this.  They knew that eventually this will have to passed off to the federal government.  Which means we all pay.  Oh and while were at it we'll need to raise your taxes again and again and again.  After all its for the "Good of the People" 

Rahm's ObamaCare Brainstorm
Chicago may dump its retiree health costs on federal taxpayers.

Rahm Emanuel's parting gift to national taxpayers upon leaving Washington two years ago was a $1 trillion bill for ObamaCare. Now the Chicago Mayor may add billions more to the tab by dumping his city's retirees on the federally subsidized state health exchange.
This public service announcement is brought to you by a city commission that the mayor appointed last summer to study the cost of continuing health benefits for retired workers. A 25-year-old legal settlement requiring the city and its pension funds to pay between 40% and 55% of most retirees' health costs conveniently expires this June—convenient because the city can't afford the bill.
The city is running a $370 million budget deficit, which will blow up in 2015 when a $1.2 billion balloon payment for pensions comes due. The bill for retiree health benefits is $194 million this year and will grow to $540 million by 2023. Actuaries have recommended that the city sock away $2 billion this year to finance future benefits and pay down a $23 billion unfunded liability. Meanwhile, Chicago's pension funds, which are projected to run dry by the end of the decade, are scraping the bottoms of their barrels to pay for retiree health benefits as required by the settlement.
Enter the Mayor's commission. The four-member panel issued a report this month suggesting that dumping pre-Medicare retirees onto the state's ObamaCare exchange in 2014 could be fab for retirees and city taxpayers. Nearly 60% of retirees and 94% of those who receive subsidies would pay less for their health care on the exchange. Married retirees with dependents would save an average of $4,300.
Chicago and its pension funds in turn would shed $23 billion in liabilities, assuming supplemental benefits for Medicare recipients are also cancelled. (These calculations are based on models that assume public pensions are retirees' only source of income.)
On the other hand, the cost to national taxpayers would be enormous, especially if other local and state governments joined the party. Federal subsidies for Chicago retirees would amount to $44 million in 2014 and increase as more workers retire in their early to mid-50s and health costs grow. All told, state and local governments are on the hook for between $700 billion and $1.5 trillion for retiree health benefits, and like Chicago most will soon be unable to afford even their minimum annual payments.
Offloading the costs on Uncle Sam will look attractive since retiree health benefits don't enjoy the legal protections that some states have bestowed upon pensions. Stockton, California intends to shed its $400 million unfunded liability for retiree benefits in bankruptcy.
Mr. Emanuel says the city's decision on retiree health benefits will "strike the right balance between meeting the needs of the retirees and providing them health-care choices with protecting the interests of the city's taxpayers." So, let's see. On the one hand, Chicago pays, on the other everyone else does. Which do you think he'll choose?
The Chicago report illustrates once again how ObamaCare provides a convenient mechanism and incentive for employers to transfer health-care liabilities to national taxpayers—and how the costs will explode beyond Washington's phony projections.