Wednesday, December 15, 2010

Congress Was Last This Unpopular During Watergate

36 years ago. Story here:

Americans' assessment of Congress has hit a new low, with 13% saying they approve of the way Congress is handling its job. The 83% disapproval rating is also the worst Gallup has measured in more than 30 years of tracking congressional job performance.

Extension of Bush Tax Rates Now Goes to US House

The Senate passed the extension of the Bush tax rates, which will last for two years only and is adorned with billions in new spending which we cannot afford, 81-19. Here are the nineteen no votes, a photograph of left and right in the current Senate:

Democrats:

Jeff Bingaman (D-NM)
Dorgan (D-ND)
Russ Feingold (D-WI)
Kirsten Gillibrand (D-NY)
Kay Hagan (D-NC)
Tom Harkin (D-IA)
Frank Lautenberg (D-NJ)
Pat Leahy (D-VT)
Carl Levin (D-MI)
Jeff Merkley (D-OR)
Mark Udall (D-CO)
Udall (D-NM)
Wyden (D-OR)


Republicans:

Tom Coburn (R-OK)
Jim DeMint (R-SC)
John Ensign (R-NV)
Jeff Sessions (R-AL)
Voinovich (R-OH)


Independents:

Bernie Sanders (I-VT)

Senate Votes For "Almost All" of the Bush Tax Cuts

So says TheHill.com, here:

"The package extends almost all of the Bush tax cuts . . .."

The devil is in the details, and I smell a devil.

Years of Blood, Sweat Equity, and Tears . . . Gone: Home Equity Down $7 Trillion Since 2006

The Nutter feels your pain:

Since early 2006, American families have lost $7 trillion in home equity — more than half of their equity has simply vanished. Many millions, of course, have lost everything they put into their house, and more.

Years of blood, tears and sweat equity gone. Remember, for most families, home equity accounts for most of their wealth. In the past, wealth in the form of home equity has often been the ticket to upward mobility; many a small business or college education has been funded from real estate wealth.

About 11 million families — about 23% of those with mortgages — now owe more on their house than it’s worth. Before the bubble burst, that figure was about 1%.

More from Rex here.

Tuesday, December 14, 2010

Judge Objects to Obamacare Bait and Switch: The Mandate Became a Tax

From Peter Wehner at Commentary Magazine:

Judge Hudson writes, “Despite pre-enactment representations to the contrary by the Executive and Legislative branches, the Secretary now argues that the Minimum Essential Coverage Provision is, in essence, a ‘tax penalty.’”

That’s a polite way of saying that the Obama administration willfully misled the public during the health-care debate. In fact, President Obama repeatedly denied that the mandate was a tax — but now, in order to pass constitutional muster, his administration is insisting it is. I urge you to watch ... [w]hen ... Obama scolds Stephanopoulos. “That’s not true, George,” the president says. “[It] is absolutely not a tax increase.”

Now the president and his administration are arguing exactly the opposite.

This is a deeply cynical maneuver on the part of the man who promised to put an end to cynical political acts. Like so much of what Obama said, this promise was fraudulent.

The complete entry is here, with links.

Monday, December 13, 2010

Father Castrates Daughter's 57 Year Old Boyfriend in Germany

Nuts to you, buddy! Now you've got two pair.

Story here.

Obamacare is Not Just Un-American, It's Anti-Human

In a story at TheHill.com here, reporting on the ruling of a Virginia judge that the individual mandate in Obamacare is unconstitutional, we are met with the following bizarrerie:

The Obama administration argues healthcare is different from other commercial markets, because — illness being both inevitable and involuntary — everyone ultimately requires some form of care.

By this reasoning, government should mandate that the baby pay for his own birth, and the corpse for his own burial, the first and the last of the involuntaries which bookend human existence. 

Obamacare is not just un-American. It's anti-human.

America is Not Either Or, It's Both And

Bill Clinton once shot back at black incitement to violence against whites, and wore it as a badge of a non-extreme third way ever thereafter. His critics would say his sincerity was on full display in Waco and Kosovo.

The founders had already discovered a third way of their own, however, and had called it America:

The third model of human nature is found in the thinking of the American founders. “If men were angels,” wrote James Madison, the father of the Constitution, in Federalist Paper No. 51, “no government would be necessary.” But Madison and the other founders knew men were not angels and would never become angels. They believed instead that human nature was mixed, a combination of virtue and vice, nobility and corruption. People were swayed by both reason and passion, capable of self-government but not to be trusted with absolute power. The founders’ assumption was that within every human heart, let alone among different individuals, are competing and sometimes contradictory moral impulses and currents.


Thanks to one of those contradictory moral impulses, the American Revolutionaries shot back using real bullets when Redcoat extremists came to assert the absolute power of the Crown, not unlike the Korean Americans who took to the rooftops in Los Angeles in 1992 to defend their property against rioters. Americans at their best recognize that sometimes absolutism must be met with force, and don't lie about it or apologize for it.

Don't miss the rest of "Human Nature and Capitalism" here.

Sunday, December 12, 2010

4 of 6 Current Tax Rates Already Do Not Apply to 80% of the Country

Per the US Census, all US households divide into five groups of equal size along these income lines for 2009:

1) $0 to $20,453

2) $20,454 to $38,550

3) $38,551 to $61, 801

4) $61,802 to $100,000

5) over $100,000 (the top 5% make in excess of $180,000).

Current tax brackets are concentrated on the fifth group, the over $100,000 set, so that the top four of the six brackets affect the top 20% of earners in the population the most:

10% for adjusted gross incomes $0 to $16,750

15% on AGIs to $68,000

25% on AGIs to $137,300

28% on AGIs to $209,250

33% on AGIs to $373,650

35% on AGIs above $373,650.

The result is that 60% of the country is responsible for very little tax revenue, and the expansion of various credits like the Child Tax Credit and the Earned Income Credit have meant that an increasingly large percentage of the population is paying no tax at all.

For the 2008 tax year the Tax Foundation reported here that 36% of filers paid no tax at all:

Nonpaying status used to be a sure sign of poverty or near-poverty, but Congress and the President have changed the tax laws to pull much of the middle class into the growing pool of nonpayers. The income level at which a typical family of four will owe no income taxes has risen rapidly, now topping $51,000. 
As a result, recently released IRS data for the 2008 tax year show that a record 51.6 million filers had no income tax obligation. That means more than 36 percent of all Americans who filed a tax return for 2008 were nonpayers, raising serious doubts about the ability of the income tax system to continue funding the federal government's ballooning expenditures. 


The situation worsened dramatically in 2009, to 47%, according to the Tax Policy Center in this AP story


About 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and exemptions to eliminate their liability. That's according to projections by the Tax Policy Center, a Washington research organization. ...The bottom 40 percent, on average, make a profit from the federal income tax, meaning they get more money in tax credits than they would otherwise owe in taxes. For those people, the government sends them a payment.
"We have 50 percent of people who are getting something for nothing," said Curtis Dubay, senior tax policy analyst at the Heritage Foundation. ...The number of households that don't pay federal income taxes increased substantially in 2008, when the poor economy reduced incomes and Congress cut taxes in an attempt to help recovery. 
In 2007, about 38 percent of households paid no federal income tax, a figure that jumped to 49 percent in 2008, according to estimates by the Tax Policy Center. 


In other words, the tax code under George Bush and the Republicans in 2001 and 2003 became an instrument of liberal social policy, providing massive social spending on America's middle and lower classes. Combined with George Bush's massive hand out to the elderly in the form of drugs for seniors you now understand why liberals hate George Bush so much: because he out-liberaled the liberals. 
And don't expect to hear about it from Rush Limbaugh. He thinks there isn't anyone in the country who is undertaxed. 
If there were really any conservatives left in the country, they'd be calling for a complete end to these subsidies because they represent government spending which we cannot afford, and for a broader tax base which embodied every American's patriotic duty to contribute to the general welfare. 
A real conservative would equate exempting low incomes from taxation with the practice of exempting high incomes from taxation. The "refund" checks which "the poor" receive from the government when they file their taxes are no different from the exemption the rich receive when payroll taxes are not collected on income above $106,500. The former are justified as offsets of the payroll taxes the poor pay, the latter as exemptions from contributions the rich would never live to recoup. Everyone in a narrower and narrower middle pays and pays those taxes, year in and year out, to benefit the poor and the elderly. It is unsustainable.






Obama's Senate Tax Plan Will Outspend the 2009 Stimulus: $858 Billion in New Spending

A veritable Christmas tree for programs which would die in the free market without federal help, like ethanol, commuter trains, and wind and solar energy.

Conservative Republicans should help the Socialists like Senator Sanders filibuster it.

The story is here.

Saturday, December 11, 2010

Words Mean Whatever I Say They Mean, Says Alaska Judge

An Alaska judge has ruled against Tea Party candidate Miller for the US Senate because the judge doesn't understand the plain meaning of the English language, according to this story in The Anchorage Daily News. The law says a write-in candidate's name must be written in on a ballot as it appears on the candidate's declaration of candidacy, which any educated person would understand to mean that write in votes for Lisa Murkowski should match Murkowski's name on her declaration of candidacy. Instead, the judge ruled it only had to appear to match it, which isn't what the law says:

Miller argued state law doesn't allow misspelling or state judgments of what the voter intended when writing in a candidate's name. The law says write-in votes should be counted if the name "as it appears on the write-in declaration of candidacy, of the candidate or the last name of the candidate, is written in the space provided."

The judge focused on the fact that the word "appears" is a part of a definition.

"The definition of 'appears' in this context does not require perfection or precision, but rather a close, apparent approximation known to the viewer upon first look ... if exact spellings were intended by the legislature, even with respect to the most difficult names, the legislature could have and would have said so," Carey wrote in his ruling.


The judge has imported meaning and intent where it did not exist. A graduate, clearly, of the deconstructionist school of law. He should be impeached.

When the clear meaning of the English language can be manipulated at will in a society, there can no longer be a society, only chaos. Stop no longer means stop. Just ask Senator John Kerry, who is famous for ignoring such signs at intersections, and yacht taxes in his home state.

Bill Clinton in an Alexander Haig Moment at The White House

Reagan was wounded, literally, when Al Haig tried to assure the country that someone was in control at The White House (video here).








Obama is wounded politically (keeping the wife waiting he says), so Bill takes over at The White House! Watch that video here.

Friday, December 10, 2010

The Religious Origins of the Income Tax's "Standard Deduction"

The standard deduction was designed to make it easier for people to claim their charitable contributions, without itemizing them. Note how the standard deduction early on was fixed at 10% of annual income, the common tithe prescribed in the Bible, not to exceed $500 (the median income in 1944 was less than $2,400):

Almost from its inception in 1913, the federal income tax has allowed taxpayers to subtract from their taxable income amounts spent for particular uses. For example, beginning in 1917, taxpayers could deduct donations made to charitable causes. To claim the deduction, taxpayers had to itemize their allowable expenditures. That itemization imposed a burden on taxpayers, but relatively few people were affected because only about 5 percent of households had to file tax returns.

World War II dramatically increased the reach of the income tax: by 1944, nearly three-fourths of households had to pay the tax. With that expansion came concern about the complexity of tax filing. To simplify tax returns, in 1944 the Congress created the standard deduction, then equal to 10 percent of a taxpayer's annual income, up to a maximum of $500. Taxpayers could select the standard deduction as an alternative to itemizing their expenditures on specific activities, reducing their taxes as if they had made that level of deductible expenditures but without having to comply with recordkeeping and reporting requirements. By taking the standard deduction, people are generally claiming deductions that are greater than their actual expenditures would have been if they had itemized.


Obviously the government made a concession to the entire population, Christian or not, and allowed everyone to deduct their "tithe," whether they made it or not.

Now if we could just get government to take no more, and no less, than 10% from everyone, on everything. The government would have plenty of money, and so would we.

Let me channel my inner Santelli: "President Obama, are you listening?"

So let it be written. So let it be done.

More here.

Cancun 100 Year Record Low of 54 Degrees, For Global Warming Summit!

The story is here.

Sure, They Screen The Luggage BEFORE It Gets On The Plane

I've been told that whopper since TWA Flight 800 went down in 1996 off Long Island.

If they did, then why screen at customs ON ARRIVAL?

A guy from Ghana passes through customs at Dulles, has his suitcase opened, and they find the following:

The suitcase contained two elephant tails, bloody sheets, five chicken feathers, chicken blood, a dried hedgehog, two dried chameleons, grass, seed pods, tree bark chips and a jug filled with soil, herbs and blood, authorities said.

The story is here.

Have a nice flight.

Just Six More Reasons Why I'll Never Buy Another GM

From Gary Jason at The American Thinker, here:

The Obama administration rigged the [GM] bankruptcy to favor the union, rigged the IPO to favor the union, and has purchased much of the inventory unsalable in the free market, again to benefit the union (and the environmentalists). But of course, the unions (and the environmentalists) pumped many millions of dollars into Obama's campaign. They also pumped many millions into trying to keep Democratic candidates in office in the last election.

This is corrupt, crony car capitalism, all paid for by coerced taxation, from an administration that promised a new era of transparency and honesty in government.  But at the end of the day, the cabal at the top behaves just like the dirty Chicago machine that spawned it.

Why Rush Limbaugh Can't Tell The Truth About Income Taxes

Rush claims no one in America is undertaxed.



He doesn't want to mention, of course, that nearly half of America doesn't pay income taxes.

And why don't they pay taxes? Because that's been the goal of Republican tax policy since the 90s:

"The dramatic increase in the number of people who owed no income taxes since the mid-90s was driven almost entirely by the creation and expansion of the per-child tax credit, a policy driven by the Right."

-- Keith Hennessey, April 15, 2010, here

The Democrats hate Republicans as much as they do because Newt Gingrich and George Bush out-liberaled the liberals. How dare they!

Thursday, December 9, 2010

DADT Repeal Fails in Senate By Three Votes

Not quite a stake through the heart, though. But we can always hope.

Story here.

Democrats Think Obama Caved In To Republicans, Can't Trust Him

Democrats were already being critical of the regime back in July as we mentioned here because it seemed to some of them that the White House was already conceding that Democrats would lose control of the US House.

Now that the president User in Chief has flip-flopped one time too many, acquiescing on the 28%, 33% and 35% tax brackets for earners making $200,000 a year or more, passed under the Bush administration in 2001 and 2003, Democrats appear to be in revolt.

Disrespectful language is being used, according to this story.

Imagine that.

American Workers are Slaves, In Thrall to the Corporations

Joan Vennochi for The Boston Globe focuses an unflattering spotlight here on State Street Corp. whose profits are soaring as it fires personnel. The example is representative of the wider reality:

[W]hile wage and salary payments to workers declined by $121 billion or about 2 percent since the last quarter of 2008, pre-tax corporate profits rose sharply — up by $572 billion or 57 percent over the same time period.

Land of the free, home of the brave? We've got corporations right where they want us.