An Ol' Broad's Ramblings
Last week, I wrote a post called Empty Buildings. In it, I try to explain why raising the minimum wage is a bad idea, but when I read this from The Foundry, it just made my blood boil! Our tax money goes for loans to foreign countries so they can buy from American companies? You mean those companies that are hanging on by the skin of their teeth, or those that are shutting down? No, not those businesses. It’s the ones that have some pretty recognizable names!
Who’s really getting the money? Heritage expert Diane Katz reveals:
Multinational corporations attract the largest proportion of Ex–Im financing, including the construction and engineering firm of Bechtel, ranked by Forbes as the fourth-largest privately held company by revenue, and Lockheed Martin, valued in excess of $50 billion. But the bank’s foremost beneficiary is Boeing, the world’s largest aerospace company (with a market capitalization exceeding $91 billion). In the past five years, the company has profited from 197 Ex–Im deals totaling $48 billion. Last year alone, Boeing-related financing comprised 30 percent of all Ex–Im activity.
You’ll excuse me if I don’t jump for joy. It seems to me that companies like Lockheed Martin don’t need our money, they’re doing just fine. And check out Bechtel! You’ll see why they are ranked as the ‘fourth-largest privately held company’! Now, I’m sure there are some real nice folks in those companies, but once again, they do NOT need our money! And neither one would be what I’d call a ‘small business’, would you? How about Boeing? Yeah, real small, eh? Just one more of FDR’s ‘brilliant’ ideas!
While REAL small businesses are closing their door, forever, in the U.S., Congress turns a blind eye, and we have a government run bank for corporations. As is typical with anything government run, inefficiency, and no doubt a great deal of corruption, is involved.
Washington D.C. is NOT looking out for OUR best interest. The majority of those holding office are getting rich by holding their seats for decades! Most of them buy their seats because they have more money than any challengers, and can make ‘promises’ to the voters. Too many voters are too damn stupid to vote because they have no clue what is going on around them anyway. And I mean BOTH parties!
Why are they giving loans, backed by taxpayer dollars, to foreign governments, some of which are no to friends of the U.S.?
There is no logic in this at all!
Corporate welfare is costing us, big time. It’s time that Congress took the blinders off, and stop this insanity. I don’t care how much those companies donate to their campaigns, they are suppose to work for us, and it’s past time they remember that! Let the authorization of the Export–Import Bank Act of 1945 expire! If foreign governments want to buy our products, what few we still manufacture, then they can use their own money, or borrow from their own banks!
Here’s some sticker shock for ya:
Did you know that 86,429,000 taxpaying Americans pay for 147,802,000 benefit takers? Well, they do, according to an excellent report from cnsnews.com. That number excludes veterans, and, of course, millions have earned their benefits through years of work. Millions more are truly disabled and thus worthy of support from the healthy.
But the number is nonetheless staggering — for every person working his butt off across the country, 1.7 people are doing nothing, simply sitting on their cans and getting money sent to them by Uncle Sam.
And how ’bout:
More numbers for the 51 percent of Americans who paid taxes on April 15 (oh, did you forget that 49 percent don’t pay a cent in income taxes? Well, they don’t). For each $1 bill you sent in, your federal government spent it like this:
• 33.25 cents to Social Security and unemployment benefits.
• Nearly a quarter (24.5 cents) to Medicare.
• 17 cents to America’s military.
• 6 cents to the interest on debt.
Studies are interesting things. You can find out a lot about what’s what through some studies. (I mean those that use actual FACTS, and not ‘feelings’, like the crap the UN throws out, demanding more money for something that is natural, and can’t be controlled.)
Another study, this one by the Tax Foundation, found that Americans will spend more in taxes than they do on housing, food and clothing. That’s right: They’re going to fork over some $4.5 trillion — that’s trillion with a “T” — to the federal and local governments, but spend just $4 trillion on themselves.
Why are Americans sending so much money to an incompetent entity? Are we that stupid? Apparently. I’d say it was way past time to fix what is broken, and what is broken is our government. We threw off the chains of tyranny once, we can damn sure do it again!
From Sipsey Street Irregulars comes An Open Letter to the Legislatures of New Jersey and Rhode Island that should…nay, MUST be read by every legislature across the country, every elected official in every city, town, and village in every corner of the nation! It’s a bit long, but well worth your time. Give the content some serious thought!
Our King George isn’t just one person. Nope! It’s 537 different individuals! There are a lot more of us than there are of them!
Just four reasons for the American Revolution. I don’t know about you, but I’d have to say we have a LOT more reasons than did the Colonials!
More New Taxes and Fees: How You’ll Pay for Obamacare in 2014
Alyene Senger – The Foundry
Obamacare contains 18 specific tax hikes, mandates, or penalties that cost Americans money, and three new ones take effect in 2014. This is only the beginning—watch how two of these taxes get worse in the years to come.
1. Individual Mandate Tax. The individual mandate is designed to strong-arm individuals into purchasing government-approved health insurance or facing a tax penalty. In 2014, the penalty for not purchasing insurance will be either $95 or 1 percent of annual income (whichever is greater). Very few, if any, people will end up paying just $95, because individuals with an annual income of only $9,500 or less would likely qualify for Medicaid or a hardship exemption from the mandate. The mandate increases drastically in coming years, rising to $325 or 2 percent of income in 2015, and $695 or 2.5 percent of income in 2016—whichever is greater.
“The problem with socialism is that you eventually run out of other people’s money.” - Margaret Thatcher
Do you ever wonder how things have gotten so bad? Well don’t! Take a good look in the mirror, and you’ll KNOW. WE are the reason our country has gone spiraling into the cesspool of socialism. WE didn’t fight back because we thought someone else would, or that we shouldn’t get involved with ‘politics’. Well guess what Bucko! Life IS politics.
Like it or not, what happens in politics affects every single one of us. Those people who say “it doesn’t interest me” apparently don’t realize their lack of interest is screwing the entire country. Those pastors who are scared to speak out, informing their congregations that those asskflakes in D.C. are going against their faith, and destroying the nation that was built on Judeo-Christian values.
We have a caesar that is taking over every aspect of our lives, especially parts of our lives that is, to be perfectly honest, is none of his freakin’ business! Yes, render unto Caesar, but that doesn’t mean we have to render our lives, our businesses, our entire nation, our souls! Paying taxes is one thing. We do need taxes to provide for those items listed in the Constitution. I have NO problem with paying the salaries of our military, and making sure their families are provided for in a proper manner. I have NO problem with the upkeep of the roads and bridges.
The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
Please read The Taxing Clause by my favorite Constitutional ‘scholar’, Publius Huldah!! I would advise those in D.C. to read it as well, since they have misunderstood their role in governing for a VERY long time! If you remember your history, we fought a war to rid ourselves of tyranny. We were under the thumb of an arrogant king who refused to listen to the people. History DOES repeat itself, doesn’t it!
These 13 Tax Increases Hit in 2013
Curtis Dubay – The Foundry
It’s about time for us to uncover our eyes and take a hard look at what 2013 did to our finances.
Did you feel the pinch of the 13 tax hikes that hit Americans this year?
Before you review the list below, put these two on your watch list for 2014:
- Obamacare’s individual mandate. Beginning in 2014, it’s mandatory to purchase health insurance. If you don’t, you’ll pay a penalty that dramatically increases over time. It starts at $95 or 1 percent of your income (whichever is greater). It rises to $325 or 2 percent of income in 2015, and $695 or 2.5 percent of income in 2016.
- Obamacare tax on insurance companies. If you liked seeing your premiums go up, you’ll love this new tax on health insurers—which they are most likely to pass on to you.
As you start reviewing your tax information for 2013, here’s what you’re contending with.
The 13 Tax Increases of 2013
There’s nothing left to cut in the budget! They are down to bare bones! Heaven forbid they should give up their booze and fancy vacations!
Ya know, we use to take a nice vacation every year. Note I said USE TO! Now? We can barely afford to pay attention. Why? Because of the irresponsible children making policies in D.C. And they want MORE of our money to blow on ridiculous ‘grants’? Outhouses? A freakin’ 100K outhouse? What mental midget thought THAT was a good idea????
And how about all that money the VA blew on useless crap? I have a much better idea! How about they use that money to help build houses for our wounded warriors, eh? Now THAT would be putting OUR money to good use! Instead, they go out and overpay for crap they don’t need, while our heroes do without! Anyone else see a major problem here?
I don’t know about you, but I’ve pretty much had it with those jackwagons in D.C. It’s past time for ALL of them to be replaced with responsible adults! From the White House to the alphabets! They ALL need to GO!
Booze, Pole Dancing, and Luxurious Hotels: Top 10 Examples of Government Waste in 2013
Romina Boccia & Matthew Sabas – The Foundry
The latest budget deal, passed by a bipartisan majority in both the House and the Senate, suggests that Washington agrees with House Minority Leader Nancy Pelosi (D-CA) when she said that “the cupboard is bare. There’s no more cuts to make.”
The cupboard, however, is overflowing with liquor, crystal glassware, and more.
Here is our list of the top 10 examples of wasteful government spending this year, serving as a reminder that there is no shortage of excessive spending in Washington.
10. Outhouse in Alaska: $98,670. The Interior Department spent nearly $100,000 to install an outhouse on an Alaskan trail, which includes a single toilet with no internal plumbing.
9. A bus stop with heated pavement for the Washington area: $1 million. A lavish bus stop with heated pavement was built in Arlington, VA, but it has failed to keep commuters warm or dry.
Apparently, the Obamas need another vacation, on our dime of course.
3 Trillion Reasons Not to Raise Taxes Again
Amy Payne – The Foundry
Do you know how much President Obama has raised taxes?
Oh, by about $3 trillion.
In a new paper, Heritage expert Curtis Dubay reminds us:
President Obama has already raised taxes substantially twice—first as part of Obamacare and then as part of the “fiscal cliff” deal earlier this year. Together, those increases raised taxes by more than $1.3 trillion over 10 years. Including the payroll tax increase that was also part of the fiscal cliff deal, taxes have risen by almost $3 trillion during President Obama’s tenure.
That’s right: Taxes have risen by almost $3 trillion during President Obama’s tenure.
I have to ask again…where in the Constitution does it grant the federal government the authority to take from one state to give to another? It doesn’t. Just as the states have no authority to levy taxes on other states themselves. Someone really needs to set these people straight!
Internet Sales Tax Is a State Money Grab
Amy Payne – The Foundry
Why are states so eager to collect taxes on Internet sales?
In short, because they could grab money from other states.
Heritage legal expert David Addington lays it out:
Like the money-hungry federal government, many state governments have financial and political interests in getting their hands on more and more money to grow their governments. It is not surprising that many of those state governments find out-of-state businesses to be lucrative and politically easy targets for tax legislation.
Addington explains how this would work. Take, for example, a company whose workforce and warehouses are in New Hampshire. This company has no contacts with Illinois other than taking remote sales orders over the Internet.
I really detest that term, “fair share”. It sounds like a couple of kids squabbling over the last piece of cake. What would be fair? Dividing the cake evenly…both kids get the same size piece! The older one doesn’t get a bigger piece cuz he’s older. The same goes for paying taxes. Just because you make more money that victim B, doesn’t mean you should have to shoulder the bigger burden. What would be “fair” in this scenario? In my opinion, BOTH should pay an equal percentage.
I’ll use 10%. Why? Well, if God doesn’t expect you to tithe more than that, why should you be coughing up more and more of your hard earned money just to support victim B, who, in reality, pays NOTHING! If you make a million dollars, you pay 10%. If you make 20 thousand, you pay 10%. Now THAT is a fair share!
Unfortunately, the government doesn’t see that money as yours, even though you worked to earn it. No, they see it as THEIRS, and they want a WHOLE lot more than a fair share of YOUR earnings, if you are more than ‘comfortable’. What do they do with that money? Well, we know that they waste a HUGE amount on failed programs. It doesn’t work? End it, and use that money where it is truly needed, like on national security.
Do you spend more than you make? You probably learned that bad habit, subconsciously, from the government. They are really lousy at managing money, and should be fired. If your accountant for your business was blowing the companies money on useless items, like say, lavish parties on a regular basis, wouldn’t you give them a very large pink slip? The same goes for the mismanagement of OUR money on the federal level.
If things keep going in the direction they have been for the last few years, it will be darn near impossible for our economy to grow. If you hadn’t noticed, there is a tax on EVERYTHING. Our so called representatives are not doing the job they were hired to do, as laid out in the U.S. Constitution, which, by the way, LIMITS their power. It is not their job to take money from you, to create, and spend trillions on “social programs”. Article I, Section 8, clauses 1-16, lays out exactly what Congress is ALLOWED to do. It’s not all that complicated. Article I, known as the Spending Clause, lays out exactly what Congress is enacted to carry out. Unfortunately for the nation, somewhere along the line, some clown decided the “general welfare” term meant that they could suck the life out of you, and give it to someone who is “in need”. Hence, we have Social Security and Medicare, a MASSIVE drain on the country as a whole. If you want more information on the Enumerated Powers of Congress, I suggest you read, links and all, P/H’s paper.
Our government is busy doing the job of charities, to the detriment of the charities that actually accomplish what they set out to do, getting folks back on their feet. The government doesn’t do that. No, they create a ‘dependent’ class, who contribute nothing to the general well being of their community.
I don’t mind helping those in need. It’s our duty! It is NOT the duty of the government. 100 years ago, there was no income tax, yet our country had all the needed infrastructure. Today? Well, let’s just say we’ve created a monster that must be fed more and more, but more is never enough. We need to put that monster out of our misery, and reform it to a more manageable size. We must return it to the box the Constitution sets forth. No more hand outs. No more supporting countries that don’t like us anyway. No more feeding the beast!
It is beyond past time to reform Social Security and Medicare. It’s time for the younger generation to learn they have to prepare for their own retirement and old age. It is time for the government to do the job it was created to do, instead of what the individual members THINK they should do.
Where Did Your Tax Dollar Go?
Romina Boccia & Curtis Dubay – The Foundry
Americans are waking up today to the worst “case of the Mondays” they’ll have all year: It’s Tax Day.
Most Americans dread Tax Day, and for good reasons. Beyond the huge tab Americans pay to the government, the tax code is so complex that it’s difficult to figure out what we owe to the IRS. This is a pain for taxpayers and a huge drain on the economy.
According to the federal Taxpayer Advocate in its 2012 report, Americans’ cost of complying with today’s complex tax code totaled $168 billion in 2010. That’s almost as large as the impact of the Obama tax hikes in fiscal year 2013, and twice the size of sequestration this year [see chart].
It takes taxpayers 6.1 billion hours—or 51 hours per household—to complete all the required filings. That’s more than six full eight-hour working days per household!
A record-breaking 47.8 million Americans are on food stamps, an increase of about 1.3 million from a year earlier. The official unemployment rate is 7.7 percent, a number that obscures the reality that millions of Americans who have given up looking for work aren’t counted, and that the labor force participation rate of 63.6 percent measured in December 2012, is the lowest in 32 years. The national debt is $16.7 trillion and growing. White House tours have been cancelled due to sequestration. And amidst it all, Barack Obama and his family have taken four lavish vacations in three months.
Every president deserves time off. Yet the unabashed luxuriousness of the Obamas’ lifestyle reflects a genuine tone-deafness with regard to the pressing concerns of millions of Americans, as well as the president’s priorities. Even as he blamed sequestration for the decision to cancel White House tours that would have cost a total of $2 million for the rest of the year, it was revealed that the known cost of Obama’s Christmas vacation in Hawaii last year was at least $4 million. That vacation was also the fourth one taken in Hawaii in four years, three of which involved separate flights First Lady Michelle Obama took to get there ahead of her husband. This year’s separate flight, necessitated by the president’s trip back to Washington to complete the fiscal cliff deal before returning to Honolulu, cost taxpayers an additional $3.24, and ran the total tab for the 2012-13 trip to more than $7 million.
The total for the four trips combined? More than $20 million.
There are many on the left, one in particular comes to mind, that believe it doesn’t matter how much the Obamas spend on vacations, or that they even take such vacations. I read with amusement, and disgust, a person making comments on the Breitbart piece about the White House induced scrubbed news story. I’m sure you can figure out which “person” I’m referring to as you read.
The issue is not whether or not the Obamas take some time off now and then. All presidents need some down time. However, let me ask the obvious question: Do you think if the Bush’s had taken as many vacations, together and separately, to such lavish locales, that the media, and the left (but I repeat myself), would be silent? That it would be just honky dory that the family spent and exorbitant amount of taxpayer dollars while the economy is damn near in the tank, and so many have given up even looking for a job, living on handouts from their fellow taxpayers? Aw HELL no! They’d be screaming bloody murder! Yet, when the right asks what right do the Obamas have to continue their lavish lifestyle at the expense of the taxpayers, WE are the bad guys? I don’t FREAKIN’ think so! Bush gave up golf during a time of war. What has Obama given up during these extremely tough economic times? Not a DAMN thing. As a matter of fact, I actually he is spending even MORE on himself and his family, than the Bushes would ever have dreamed of doing.
When President Bush took a vacation, he went to a property he owned, and did physical labor. He spent a few hours, or days, at Camp David, working. The job is 24/7, and we all know that. The Obamas spend our money to have their freakin’ dog groomed to the tune of 100K a year, plus have him flown separately at the cost of several hundred thousand more. What? His kids are too good to give a dog a bath, and blow dry him? Seriously?
If the American people weren’t hurting, I’m sure there’d be nothing more than a few raised eyebrows. However, when President Pantywaist cancels all White House tours, for kids on Spring Break, run by volunteers, yet sends his kids to a few days in the Bahamas, and a few to go skiing, what does that say about HIS priorities? We KNOW they don’t include the American people. That much has been proven time and time again!
I have no problem with the Obama girls attending Sidwell. Public school would be a security nightmare! Yet he doesn’t want YOUR kids to have the same opportunities for a decent education by denying them school vouchers, which would allow parents to choose a successful school over a failing school.
Why don’t the Obamas ever go spend time at that house they bought in Chicago? Maybe spend some time with some REAL people, ask them how THEY are doing, instead of sucking the life out of the country and her citizens in their own selfish pursuits?
Nope…not one……MANY!!! A WHOLE lot of dimes! Well now, I don’t know about you, but I believe that makes him a LIAR! Wha’cha think?
It could be considered the first vote of the 2016 presidential primary, and Sen. Marco Rubio defied most of his party by voting against the “fiscal cliff” deal GOP leader Sen. Mitch McConnell and Vice President Joseph R. Biden struck.
Mr. Rubio was one of just eight senators to vote against the legislation, which cleared in an easy 89-8 vote just after 2 a.m. on New Year’s Day.
“Thousands of small businesses, not just the wealthy, will now be forced to decide how they’ll pay this new tax and, chances are, they’ll do it by firing employees, cutting back their hours and benefits, or postponing the new hire they were looking to make,” he said. “And to make matters worse, it does nothing to bring our dangerous debt under control.”
Sen. Rand Paul, a Kentucky Republican whose father, Rep. Ron Paul, shook up the GOP’s nomination race in 2012, also voted against the deal.
To be honest, I don’t think these two men voted against it because they were thinking of 2016. I believe they did it because it was the RIGHT thing to do. Isn’t it a shame that so many others with that R behind their names are incapable of standing on principle?
Many of the GOP’s staunchest fiscal conservatives voted for the agreement, including Sen. Tom Coburn of Oklahoma and Sen. Jeff Sessions of Alabama, the ranking Republican on the Senate Budget Committee.
In other cases, my respect level went down. Didn’t have much for TN senators anymore anyway. I have NO respect for Democrat>liberal>progressive>socialist>communist anyway, so that’s not an issue.
Wouldn’t it be nice if the House of Representatives remember they are the ones who hold the purse strings, and can flat out say NO to all these destructive taxes? Wouldn’t it be nice if the whole lot would remember just how they got their jobs, and how they can, quite easily lose them? Yeah…I know… fantasy land.
Same sh*t, different day. The only thing that has changed…the year. Either we have the most selfish, feckless, incompetent weasels running the show, or they are all complete morons. I’m betting they are both. Congratulations to the leftard Democrats! Your intent was to destroy the country? You sent us well down that path in 2006, 2008, and 2012. You allow the government to steal from those who would provide jobs. Yep! Makes a whole boatload of sense, doesn’t it.
Tax Hikes to Start the New Year
While you were sleeping—or ringing in 2013—the Senate voted to raise taxes.
After missing the midnight deadline, Congress and the President have technically sent the nation over the fiscal cliff, meaning higher tax rates are already in effect for all income tax brackets. But the Senate’s deal, brokered by Senate Republican Leader Mitch McConnell (KY) and Vice President Joe Biden, would target the tax increases on those making more than $250,000.
The Senate voted 89-8 to limit deductions for taxpayers making more than $250,000, which would raise their taxes, and to hike tax rates for those making more than $400,000.