President Obama's budget proposes $989 billion in new taxes over the course of the next 10 years, starting fiscal year 2011, most of which are tax increases on individuals.
1) On people making more than $250,000.
$338 billion - Bush tax cuts expire
$179 billlion - eliminate itemized deduction
$118 billion - capital gains tax hike
Total: $636 billion/10 years
2) Businesses:
$17 billion - Reinstate Superfund taxes
$24 billion - tax carried-interest as income
$5 billion - codify "economic substance doctrine"
$61 billion - repeal LIFO
$210 billion - international enforcement, reform deferral, other tax reform
$4 billion - information reporting for rental payments
$5.3 billion - excise tax on Gulf of Mexico oil and gas
$3.4 billion - repeal expensing of tangible drilling costs
$62 million - repeal deduction for tertiary injectants
$49 million - repeal passive loss exception for working interests in oil and natural gas properties
$13 billion - repeal manufacturing tax deduction for oil and natural gas companies
$1 billion - increase to 7 years geological and geophysical amortization period for independent producers
$882 million - eliminate advanced earned income tax credit
Total: $353 billion/10 years
He is going to drive this country into the ground.
Thursday, February 26, 2009
Tuesday, February 24, 2009
Obama Flunks First Test on Foreign Policy
Here is an article from Charles Krauthammer-
By CHARLES KRAUTHAMMER | Posted Thursday, February 19, 2009 4:20 PM PT
The Biden prophecy has come to pass. Our wacky veep, momentarily
inspired, had predicted last October that "it will not be six months
before the world tests Barack Obama."
Biden probably had in mind an eve-of-the-apocalyp
se drama like the
Cuban Missile Crisis. Instead, Obama's challenges have come in smaller
bites. Some are deliberate threats to U.S. interests, others mere
probes to ascertain whether the new president has any spine.
Preliminary X-rays aren't encouraging.
Consider the long list of brazen Russian provocations:
(a) Pressuring Kyrgyzstan to shut down the U.S. air base in Manas, an
absolutely crucial NATO conduit into Afghanistan.
(b) Announcing the formation of a "rapid reaction force" with six
former Soviet republics, a regional Russian-led strike force meant to
reassert Russian hegemony in the Muslim belt north of Afghanistan.
(c) Planning to establish a Black Sea naval base in Georgia's
breakaway province of Abkhazia, conquered by Moscow last summer.
(d) Declaring Russia's intention to deploy offensive Iskander missiles
in Kaliningrad if Poland and the Czech Republic go ahead with plans to
station an American (anti-Iranian) missile defense system.
President Bush's response to the Kaliningrad deployment‹the threat was
issued the day after Obama's election ‹ was firm.
He refused to back down because giving in to Russian threats would
leave Poles and Czechs exposed and show the world that, contrary to
post-Cold War assumptions, the U.S. could not be trusted to protect
Eastern Europe from Russian bullying.
The Obama response? "Biden Signals U.S. Is Open to Russia Missile
Deal," as the New York Times headlined Biden's Feb. 7 Munich speech to
a major international gathering. This followed strong messages from
Obama's team even before the inauguration that Obama wasn't committed
to the missile shield. And just to make sure everyone understood that
Bush's policy no longer held, Biden said the U.S. wanted to "press the
reset button" on NATO-Russian relations.
Not surprisingly, the Obama wobble elicited a favorable reaction from
Russia. (There are conflicting reports that Russia might suspend the
Kaliningrad blackmail deployment.) The Kremlin must have been equally
impressed the other provocations ‹ Abkhazia, Kyrgyzstan, the rapid
reaction force ‹ elicited barely a peep from Washington.
Iran has been similarly charmed by Obama's overtures. A week after the
new president went about sending sweet peace signals via al-Arabiya,
Iran launched its first homemade Earth satellite. The message is
clear. If you can put a satellite into orbit, you can hit any
continent with a missile, North America included.
And for emphasis, after the roundhouse hook, came the poke in the eye.
A U.S. women's badminton team had been invited to Iran. Here was a
chance for "ping-pong diplomacy" with the accommodating new
president,
a sporting venture meant to suggest the possibility of warmer
relations.
On Feb. 4, Tehran denied the team entry into Iran.
Then, in case Obama failed to get the message, Iran's parliament
speaker in Munich responded to Obama's olive branch.
Executive summary: Thanks very much. After you acknowledge 60 years of
crimes against us, change not just your tone but your policies, and
abandon the Zionist criminal entity, we might deign to talk to you.
With a grinning Goliath staggering about sporting a "kick me" sign on
his back, even reputed allies joined the fun. Pakistan freed from
house arrest A.Q. Khan, the notorious proliferator who sold nuclear
technology to North Korea, Libya and Iran.
Ten days later, Islamabad capitulated to the Taliban, turning over to
its tender mercies the Swat Valley, 100 miles from the capital. Not
only will Shariah law now reign there, but the democratically elected
secular party will be hunted down as the Pakistani army stands down.
These Pakistani capitulations may account for Obama's hastily
announced 17,000-troop increase in Afghanistan even before his various
heralded reviews of the mission have been completed.
Hasty, unexplained, but at least something. Other than that, a month
of pummeling has been met with utter passivity.
I would like to think the supine posture is attributable to a rookie
leader otherwise preoccupied (i.e. domestically), leading a foreign
policy team as yet unorganized if not disoriented.
But when the State Department says that Hugo Chavez's
president-for-life referendum, which was preceded by a sham
government-controlled campaign featuring the tear-gassing of the
opposition, was "for the most part . . . fully consistent with
democratic process," you have to wonder if Month One is not a
harbinger of things to come.
By CHARLES KRAUTHAMMER | Posted Thursday, February 19, 2009 4:20 PM PT
The Biden prophecy has come to pass. Our wacky veep, momentarily
inspired, had predicted last October that "it will not be six months
before the world tests Barack Obama."
Biden probably had in mind an eve-of-the-apocalyp
se drama like the
Cuban Missile Crisis. Instead, Obama's challenges have come in smaller
bites. Some are deliberate threats to U.S. interests, others mere
probes to ascertain whether the new president has any spine.
Preliminary X-rays aren't encouraging.
Consider the long list of brazen Russian provocations:
(a) Pressuring Kyrgyzstan to shut down the U.S. air base in Manas, an
absolutely crucial NATO conduit into Afghanistan.
(b) Announcing the formation of a "rapid reaction force" with six
former Soviet republics, a regional Russian-led strike force meant to
reassert Russian hegemony in the Muslim belt north of Afghanistan.
(c) Planning to establish a Black Sea naval base in Georgia's
breakaway province of Abkhazia, conquered by Moscow last summer.
(d) Declaring Russia's intention to deploy offensive Iskander missiles
in Kaliningrad if Poland and the Czech Republic go ahead with plans to
station an American (anti-Iranian) missile defense system.
President Bush's response to the Kaliningrad deployment‹the threat was
issued the day after Obama's election ‹ was firm.
He refused to back down because giving in to Russian threats would
leave Poles and Czechs exposed and show the world that, contrary to
post-Cold War assumptions, the U.S. could not be trusted to protect
Eastern Europe from Russian bullying.
The Obama response? "Biden Signals U.S. Is Open to Russia Missile
Deal," as the New York Times headlined Biden's Feb. 7 Munich speech to
a major international gathering. This followed strong messages from
Obama's team even before the inauguration that Obama wasn't committed
to the missile shield. And just to make sure everyone understood that
Bush's policy no longer held, Biden said the U.S. wanted to "press the
reset button" on NATO-Russian relations.
Not surprisingly, the Obama wobble elicited a favorable reaction from
Russia. (There are conflicting reports that Russia might suspend the
Kaliningrad blackmail deployment.) The Kremlin must have been equally
impressed the other provocations ‹ Abkhazia, Kyrgyzstan, the rapid
reaction force ‹ elicited barely a peep from Washington.
Iran has been similarly charmed by Obama's overtures. A week after the
new president went about sending sweet peace signals via al-Arabiya,
Iran launched its first homemade Earth satellite. The message is
clear. If you can put a satellite into orbit, you can hit any
continent with a missile, North America included.
And for emphasis, after the roundhouse hook, came the poke in the eye.
A U.S. women's badminton team had been invited to Iran. Here was a
chance for "ping-pong diplomacy" with the accommodating new
president,
a sporting venture meant to suggest the possibility of warmer
relations.
On Feb. 4, Tehran denied the team entry into Iran.
Then, in case Obama failed to get the message, Iran's parliament
speaker in Munich responded to Obama's olive branch.
Executive summary: Thanks very much. After you acknowledge 60 years of
crimes against us, change not just your tone but your policies, and
abandon the Zionist criminal entity, we might deign to talk to you.
With a grinning Goliath staggering about sporting a "kick me" sign on
his back, even reputed allies joined the fun. Pakistan freed from
house arrest A.Q. Khan, the notorious proliferator who sold nuclear
technology to North Korea, Libya and Iran.
Ten days later, Islamabad capitulated to the Taliban, turning over to
its tender mercies the Swat Valley, 100 miles from the capital. Not
only will Shariah law now reign there, but the democratically elected
secular party will be hunted down as the Pakistani army stands down.
These Pakistani capitulations may account for Obama's hastily
announced 17,000-troop increase in Afghanistan even before his various
heralded reviews of the mission have been completed.
Hasty, unexplained, but at least something. Other than that, a month
of pummeling has been met with utter passivity.
I would like to think the supine posture is attributable to a rookie
leader otherwise preoccupied (i.e. domestically), leading a foreign
policy team as yet unorganized if not disoriented.
But when the State Department says that Hugo Chavez's
president-for-life referendum, which was preceded by a sham
government-controlled campaign featuring the tear-gassing of the
opposition, was "for the most part . . . fully consistent with
democratic process," you have to wonder if Month One is not a
harbinger of things to come.
Red Hot Lies
Here is Chris Horner, author of Red Hot Lies, completely dismantling the political argument about Man-Made Global warming and why he feels it being pushed upon us. There is seven parts to this, so please click on it when it asks to go to the next part.
Monday, February 23, 2009
Thomas Jefferson
Here is just some of what Thomas Jefferson had to say about our country and about government:
-When we get piled upon one another in large cities, as in Europe, we shall become as corrupt as Europe.
- The democracy will cease to exist when you take away from those who are willing to work and give to those who would not.
-It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world.
-I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.
-My reading of history convinces me that most bad government results from too much government.
-No free man shall ever be debarred the use of arms.
-The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government.
-The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.
-To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical.
In light of the present financial crisis, it's interesting to read what Thomas Jefferson said in 1802:
-I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.
Sunday, February 22, 2009
Tuesday, February 17, 2009
Wednesday, February 11, 2009
Tuesday, February 10, 2009
Charles Schumer- Amercians don't care about Pork
Here is the genius from New York telling the Senate that Americans don't care about any pork that might be in the stimulus bill. So, tell me this. Do you care?
Monday, February 9, 2009
Milton Friedman
Here is the late Milton Friedman giving Phil Donahue a little schooling on capitalism This was from the '80s but the words are never more needed than today
Saturday, February 7, 2009
The Democrats- By the Numbers
$34,000: the amount of federal taxes that Secretary of the Treasury Timothy Geithner (D) failed to pay during his employment at the International Monetary Fund despite receiving extra compensation and explanatory brochures that described his tax liabilities.
$75,000: the amount of money that the head of the powerful tax-writing committee, Rep. Charlie Rangel (D-NY), was forced to report on his taxes after the discovery that he had not reported income from a Costa Rican rental property. His excuses for the failure started with blaming his wife, then his accountant and finally the fact that he didn't speak Spanish.
$93,000: the amount of petty cash each Congressional representative voted to give themselves in January 2009 during the height of an economic meltdown.
$133,900: the amount Fannie Mae "invested" in Chris Dodd (D-CT), head of the powerful Senate Banking Committee, presumably to repel oversight of the GSE prior to its meltdown. Said meltdown helped touch off the current economic crisis. In only a few years time, Fannie also "invested" over $105,000 in then-Senator Barack Obama.
$140,000: the amount of back taxes and interest that Cabinet nominee Tom Daschle (D) was forced to cough up after the vetting process revealed significant, unexplained tax liabilities.
$356,000: the approximate amount of income and deductions that Daschle (D) was forced to report on his amended 2005 and 2007 tax returns after being caught cheating on his taxes. This includes $255,256 for the use of a car service, $83,333 in unreported income, and $14,963 in charitable contributions.
$800,000: the amount of "sweetheart" mortgages Senate Banking Chairman Chris Dodd (D-CT) received from Countrywide Financial, the details for which he has refused to release details despite months of promises to do so. Countrywide was once the nation's largest mortgage lender and linked to Government-Sponsored Entities like Fannie Mae and Freddie Mac. Their meltdown precipitated the current financial crisis. Just days ago in Pennsylvania, Countrywide was forced to pay $150,000,000 in mortgage assistance following "a state investigation that concluded that Countrywide relaxed its underwriting standards to sell risky loans to consumers who did not understand them and could not afford them."
$1,000,000: the estimated amount of donations by Denise Rich, wife of fugitive Marc Rich, to Democrat interests and the William J. Clinton Foundation in an apparent quid pro quo deal that resulted in a pardon for Mr. Rich. The pardon was reviewed and blessed by Obama Attorney General and then Deputy AG Eric Holder, despite numerous requests by government officials to turn it down.
$12,000,000: the amount of TARP money provided to community bank OneUnited despite the fact that it did not qualify for funds, and was "under attack from its regulators for allegations of poor lending practices and executive-pay abuses." It turns out that Rep. Maxine Waters (D-CA), a key contributor to the Fannie Mae meltdown, just happens to be married to one of the bank's ex-directors.
$23,500,000: The upper range of net worth Rep. Allan Mollohan (D-WV) accumulated in four years time according to The Washington Post through earmarks of "tens of millions of dollars to groups associated with his own business partners."
$2,000,000,000: ($2 billion) the approximate amount of money that House Appropriations Chairman David Obey (D-WI) is earmarking related to his son's lobbying efforts. Craig Obey is "a top lobbyist for the nonprofit group" that would receive a roughly $2 billion component of the "Stimulus" package.
$3,700,000,000: ($3.7 billion) not to be outdone, this is the estimated value of various defense contracts awarded to a company controlled by the husband of Rep. Diane Feinstein (D-CA). Despite an obvious conflict-of-interest as "a member of the Military Construction Appropriations subcommittee, Sen. Feinstein voted for appropriations worth billions to her husband's firms ."
$4,190,000,000: ($4.19 billion) the amount of money in the so-called "Stimulus" package devoted to fraudulent voter registration ACORN group under the auspices of "Community Stabilization Activities". ACORN is currently the subject of a RICO suit in Ohio.
$1,646,000,000,000 ($1.646 trillion): the approximate amount of annual United States exports endangered by the "Stimulus" package, which provides a "Buy American" stricture. According to international trade experts, a "US-EU trade war looms", which could result in a worldwide economic depression reminiscent of that touched off by the protectionist Smoot-Hawley Act.
It's not just a culture of corruption. It's a culture of corruption and stupidity. And, unlike Republicans, Democrats appear to be above the law. All of the aforementioned clowns are still in office, ruling like the royalty they've become.
$75,000: the amount of money that the head of the powerful tax-writing committee, Rep. Charlie Rangel (D-NY), was forced to report on his taxes after the discovery that he had not reported income from a Costa Rican rental property. His excuses for the failure started with blaming his wife, then his accountant and finally the fact that he didn't speak Spanish.
$93,000: the amount of petty cash each Congressional representative voted to give themselves in January 2009 during the height of an economic meltdown.
$133,900: the amount Fannie Mae "invested" in Chris Dodd (D-CT), head of the powerful Senate Banking Committee, presumably to repel oversight of the GSE prior to its meltdown. Said meltdown helped touch off the current economic crisis. In only a few years time, Fannie also "invested" over $105,000 in then-Senator Barack Obama.
$140,000: the amount of back taxes and interest that Cabinet nominee Tom Daschle (D) was forced to cough up after the vetting process revealed significant, unexplained tax liabilities.
$356,000: the approximate amount of income and deductions that Daschle (D) was forced to report on his amended 2005 and 2007 tax returns after being caught cheating on his taxes. This includes $255,256 for the use of a car service, $83,333 in unreported income, and $14,963 in charitable contributions.
$800,000: the amount of "sweetheart" mortgages Senate Banking Chairman Chris Dodd (D-CT) received from Countrywide Financial, the details for which he has refused to release details despite months of promises to do so. Countrywide was once the nation's largest mortgage lender and linked to Government-Sponsored Entities like Fannie Mae and Freddie Mac. Their meltdown precipitated the current financial crisis. Just days ago in Pennsylvania, Countrywide was forced to pay $150,000,000 in mortgage assistance following "a state investigation that concluded that Countrywide relaxed its underwriting standards to sell risky loans to consumers who did not understand them and could not afford them."
$1,000,000: the estimated amount of donations by Denise Rich, wife of fugitive Marc Rich, to Democrat interests and the William J. Clinton Foundation in an apparent quid pro quo deal that resulted in a pardon for Mr. Rich. The pardon was reviewed and blessed by Obama Attorney General and then Deputy AG Eric Holder, despite numerous requests by government officials to turn it down.
$12,000,000: the amount of TARP money provided to community bank OneUnited despite the fact that it did not qualify for funds, and was "under attack from its regulators for allegations of poor lending practices and executive-pay abuses." It turns out that Rep. Maxine Waters (D-CA), a key contributor to the Fannie Mae meltdown, just happens to be married to one of the bank's ex-directors.
$23,500,000: The upper range of net worth Rep. Allan Mollohan (D-WV) accumulated in four years time according to The Washington Post through earmarks of "tens of millions of dollars to groups associated with his own business partners."
$2,000,000,000: ($2 billion) the approximate amount of money that House Appropriations Chairman David Obey (D-WI) is earmarking related to his son's lobbying efforts. Craig Obey is "a top lobbyist for the nonprofit group" that would receive a roughly $2 billion component of the "Stimulus" package.
$3,700,000,000: ($3.7 billion) not to be outdone, this is the estimated value of various defense contracts awarded to a company controlled by the husband of Rep. Diane Feinstein (D-CA). Despite an obvious conflict-of-interest as "a member of the Military Construction Appropriations subcommittee, Sen. Feinstein voted for appropriations worth billions to her husband's firms ."
$4,190,000,000: ($4.19 billion) the amount of money in the so-called "Stimulus" package devoted to fraudulent voter registration ACORN group under the auspices of "Community Stabilization Activities". ACORN is currently the subject of a RICO suit in Ohio.
$1,646,000,000,000 ($1.646 trillion): the approximate amount of annual United States exports endangered by the "Stimulus" package, which provides a "Buy American" stricture. According to international trade experts, a "US-EU trade war looms", which could result in a worldwide economic depression reminiscent of that touched off by the protectionist Smoot-Hawley Act.
It's not just a culture of corruption. It's a culture of corruption and stupidity. And, unlike Republicans, Democrats appear to be above the law. All of the aforementioned clowns are still in office, ruling like the royalty they've become.
Thursday, February 5, 2009
Stimulus or Pork?
The guys over at NRO have a great article up about where our tax dollars are being spent. The stimulus package was supposed to stimulate the economy, hence the name. But now it is just one HUGE money grab by Senators and Congressmen for pet projects and will do nothing but hurt us in the end. Here is just a sample of what our money is being use for:
$50 million for the National Endowment for the Arts
$380 million in the Senate bill for the Women, Infants and Children program
$300 million for grants to combat violence against women
$2 billion for federal child-care block grants
$6 billion for university building projects
$15 billion for boosting Pell Grant college scholarships
$4 billion for job-training programs, including
$1.2 billion for “youths” up to the age of 24
$1 billion for community-development block grants
$4.2 billion for “neighborhood stabilization activities”
$650 million for digital-TV coupons; $90 million to educate “vulnerable populations”
$150 million for the Smithsonian
$34 million to renovate the Department of Commerce headquarters
$500 million for improvement projects for National Institutes of Health facilities
$44 million for repairs to Department of Agriculture headquarters
$350 million for Agriculture Department computers
$88 million to help move the Public Health Service into a new building
$448 million for constructing a new Homeland Security Department headquarters
$600 million to convert the federal auto fleet to hybrids
$450 million for NASA (carve-out for “climate-research missions”)
$600 million for NOAA (carve-out for “climate modeling”)
$1 billion for the Census Bureau
So I ask you, what in there is actually going to stimulate the economy?
$50 million for the National Endowment for the Arts
$380 million in the Senate bill for the Women, Infants and Children program
$300 million for grants to combat violence against women
$2 billion for federal child-care block grants
$6 billion for university building projects
$15 billion for boosting Pell Grant college scholarships
$4 billion for job-training programs, including
$1.2 billion for “youths” up to the age of 24
$1 billion for community-development block grants
$4.2 billion for “neighborhood stabilization activities”
$650 million for digital-TV coupons; $90 million to educate “vulnerable populations”
$150 million for the Smithsonian
$34 million to renovate the Department of Commerce headquarters
$500 million for improvement projects for National Institutes of Health facilities
$44 million for repairs to Department of Agriculture headquarters
$350 million for Agriculture Department computers
$88 million to help move the Public Health Service into a new building
$448 million for constructing a new Homeland Security Department headquarters
$600 million to convert the federal auto fleet to hybrids
$450 million for NASA (carve-out for “climate-research missions”)
$600 million for NOAA (carve-out for “climate modeling”)
$1 billion for the Census Bureau
So I ask you, what in there is actually going to stimulate the economy?
Wednesday, February 4, 2009
Nancy Pelosi Does it Again!
Here she is again, showing exactly what is the TOP of the democrat party intelligentsia
500,000,000 American's will lose their jobs? I thought the entire population of the USA was in the 300,000,000 range? Will the media report this gaffe like they did our former President's?
500,000,000 American's will lose their jobs? I thought the entire population of the USA was in the 300,000,000 range? Will the media report this gaffe like they did our former President's?
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