Nov 18, 2008 | 11:56 AM
Category:
News
Normal
0
Something stinks
I thought that the 700 billion was to bailout the housing
market? Now they are going to bailout
the banks for an interest? The fed will
have influence/control of the financials?
Is it just me?, or is this beginning to smell of deception and,
well…socialism? Oversight is one thing,
but having an interest in? I don’t
think I like the way this could play out.
Its bad enough that our currency is ‘loaned’ to us through a ‘central
bank’ type of system; thus the “This note is legal tender for all debts, public
and private”: The key word being “note”
in the statement.
(from www.dictionary.com)
8.
a paper acknowledging a debt and promising payment;
promissory note.
9.
a certificate, as of a government or a bank, accepted as
money.
I fail to see how a government interst in the banks is better than
over-sight?
Nov 13, 2008 | 9:06 AM
Category:
Political
How many zeros in a billion?
This is too true to be funny
The next time you hear a politician use the
word 'billion' in a casual manner, think about
whether you want the 'politicians' spending
YOUR tax money.
A billion is a difficult number to comprehend,
but one advertising agency did a good job of
putting that figure into some perspective in
one of it's releases.
A. A billion seconds ago it was 1959.
B. A billion minutes ago Jesus was alive.
C. A billion hours ago our ancestors were living in the Stone Age.
D. A billion days ago no-one walked on the earth on two feet.
E. A billion dollars ago was only 8 hours and 20 minutes, at the rate our government is spending it.
While this thought is still fresh in our brain... let's take a look at New Orleans .. It's amazing what you can learn with some simple division.
Louisiana Senator, Mary Landrieu (D) is presently asking Congress for 250 BILLION DOLLARS to rebuild New Orleans . Interesting number... what does it mean?
A. Well... if you are one of the 484,674 residents of
New Orleans (every man, woman, and child) you each get $516,528.
B. Or... if you have one of the 188,251 homes in New Orleans , your home gets $1,329,787.
C. Or... if you are a family of four... your family gets $2,066,012.
Washington, D. C < HELLO! > Are all your calculators broken??
Accounts Receivable Tax
Building Permit Tax
CDL License Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel Permit Tax
Gasoline Tax
Hunting License Tax
Inheritance Tax
Inventory Tax
IRS Interest Charges (tax on top of tax)
IRS Penalties (tax on top of tax)
Liquor Tax
Luxury Tax
Marriage License Tax
Medicare Tax
Property Tax
Real Estate Tax
Service charge taxes
Social Security Tax
Road Usage Tax (Truckers)
Sales Taxes
Recreational Vehicle Tax
School Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone Federal Excise Tax< /SPAN>
Telephone Federal Universal Service Fee Tax
Telephone Federal, State and Local Surcharge Tax
Telephone Minimum Usage Surcharge Tax
Telephone Recurring and Non-recurring Charges Tax
Telephone State and Local Tax
Telephone Usage Charge Tax
Utility Tax
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax
STILL THINK THIS IS FUNNY?
Not one of these taxes existed 100 years ago...
and our nation was the most prosperous in the world.
We had absolutely no national debt... We had the largest middle class in the world... and Mom stayed home to raise the kids.
What happened? Can you spell 'politicians!'
And I still have to press '1' for English.
What the heck happened?????
Nov 6, 2008 | 9:02 AM
Category:
Political
These Prop. 8 folks need to just go home and relax.
The proposition was defeated.
They like to walk about chanting "8 is hate"; but why wont they respect the system, the voting system.
They put it to the popular vote and L-O-S-T! Twice they have put it to a vote and LOST!
Accept it, get over it, and get on with your lives...
The people have spoken, and they said that "marriage is between a man and a woman", period.
What if the shoe were on the other foot?
What if we (the heteros) were to not accept the popular vote?
What if we were to waste MILLIONS of TAXPAYER DOLLARS on fighting the popular vote in the courts?
Then why vote?
Why not simply sue for the office that you want?
This is the biggest piece of rubbish since the non-existent weapons of mass destruction that the Bush admin never proved existed...
8 IS HATE!!
Hatred of the system that makes this country what it is, the voice of the people has spoken - accept it.
Nov 3, 2008 | 10:00 PM
Category:
Political
Suppose that
every day, ten men go out for beer and the bill for all ten comes to $100.
If they paid their bill the way we pay our taxes, it would gosomething
like this:
The first four men (the poorest) would pay
nothing.
The fifth would pay $1.
The sixth would pay $3.
The
seventh would pay $7.
The eighth would pay $12.
The ninth would
pay $18..
The tenth man (the richest) would pay $59..
So, that's what they decided to do.
The ten
men drank in the bar every day and seemed quite happy with
the
arrangement, until one day, the owner threw them a curve.
"Since you are all such good customers, he said, "I'm going
to reduce the cost of your daily beer by $20."
Drinks for
the ten now cost just $80. The group still wanted to pay their bill
the w ay we pay our taxes so the first four men were unaffected. They
would still drink for free.
But what about the other six men
- the paying customers?
How could they divide the $20
windfall so that everyone would get his"fair share?"
They
realized that $20 divided by six is $3.33.
But if they
subtracted that from everybody's share, then the fifth man and the sixth
man would each end up being paid to drink his beer.
So, the
bar owner suggested that it would be fair to reduce each man's bill by
roughly the same amount, and he proceeded to work out the amounts each
should pay.
And so:
The fifth man, like the
first four, now paid nothing (100% savings).
The sixth now paid
$2 instead of $3 (33%savings).
The seventh now pay $5 instead of $7
(28%savings).
The eighth now paid $9 instead of $12 (25% savings).
The ninth now paid $14 instead of $18 (22% savi ngs).
The tenth
now paid $50 instead of $59 (15% savings).
Each of the six
was better off than before.
And the first four continued to
drink for free. But once outside the restaurant, the men began to compare
their savings.
"I only got a dollar out of the $20,"
declared the sixth man. He pointed to the tenth man, "but he got
$9!"
"Yeah, that's right," exclaimed the fifth man. "I
only saved a dollar, too. It's unfair that he got nine times more than I!"
"That's true!!" shouted the seventh man. "Why should
he get $9 back when I got only two? The wealthy get all the breaks!"
"Wait a minute," yelled the first four men in unison.
"We didn't get anything at all. The system exploits the poor."
The nine men surrounded the tenth and beat him up.
The next night the tenth man didn't show up for drinks, so
the nine sat down and had beers without him. But when it came time
to pay the bill, they discovered something important.
They didn't have
enough money between all of them for even half of the bill!
And that,
boys and girls, journalists, and college professors, is how our tax system
works.
The people who pay the highest taxes get the most
benefit from a tax reduction.
Tax them too much, attack them
for being wealthy, and they just may not show up anymore.
In fact,
they might start drinking overseas where the atmosphere is somewhat
friendlier.
David R. Kamerschen, Ph.D.
Professor of Economics, University of Georgia
For those who
understand, no explanation is needed.
For those who do not understand,
no explanation is
possible.
Oct 1, 2008 | 9:19 AM
Category:
Political
Subject: The Birk Economic Recovery Plan
I'm against the $85,000,000,000.00 bailout of AIG.
Instead, I'm in favor of giving $85,000,000,000 to America in a We
Deserve It Dividend.
To make the math simple, let's assume there are 200,000,000 bonafide
U.S. citizens 18+.
Our population is about 301,000,000 +/- counting every man, woman and
child.
So 200,000,000 might be a fair stab at adults 18 and up...
So divide 200 million adults 18+ into $85 billion 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 in taxes.
That sends $25,500,000,000 right back to Uncle Sam.
But it means that every adult 18+ has $297,500.00 in their pocket.
A husband and wife have $595,000.00.
What would you do with $297,500.00 to $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
Save 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 - health 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 opposed 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 - liquidate it.
Sell off its parts.
Let American General go back to being American General.
Sell off the real estate.
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!
How do you spell Economic Boom?
I trust my fellow adult Americans to know how to use the $85 Billion We
Deserve It Dividend more than I do 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,
Birk T. J. Birkenmeier, A Creative Guy & Citizen of the Republic
PS: Feel free to pass this along to your pals as its either good for a
laugh or a tear or a very sobering thought on how to best use $85
Billion!!
P.P.S. Even if the number is 250 million adults, the share is $340,000
gross each!!! ($238,000 net after that estimated 30% federal tax rate)
Your state and local governments will want 'their share' too, but think
of all the pre-financed public works projects that could get done.
More jobs!
Repave streets and upgrade utilities--that needs labor, and equipment
and materials.
This is way better than 'trickle-down' economics--it would be 'tidal
wave' economics!
Make sure the $25 billion that goes right back to Uncle Sam gets used
for debt reduction.
PPPS--I heard on the radio that the total of all recent and potential
near-term bailouts may reach $500 billion. Put another way,
half-a-trillion dollars. Or 500,000 million!
