Thursday, August 3, 2017

Insane libertarian fixation on mortgage interest deduction, edition 4716

You would think a libertarian would acknowledge that shielding YOUR money from taxation is a good thing, but you would be wrong. There are at least seven tax loss expenditures more costly to the tax man than the mortgage interest deduction, but their crazy war on it continues nonetheless. What it masks is the underlying hatred of conservatism homeownership represents. Homeowners settle down and raise kids instead of sacrificing themselves to the needs of global capitalists. That's their real problem with it.




Tuesday, August 1, 2017

Grand Rapids, Michigan, climate update for July 2017

Mean average temperature was 72.5 degrees F in July 2017 in Grand Rapids, Michigan. The mean is 72.2. The average to date is 50.0. The mean to date is 46.7.

The lowest minimum temperature was 53. The mean is 49.

The highest maximum temperature was 90. The mean is 94. July is the warmest month of the year by average temperature (above), so it's not going to be a very hot summer since it's all downhill from here.

Precipitation was 1.12 inches. The mean is 3.13.

Cooling degree days came to 240, which is the mean. The total to date is 432. The mean to date is 422.

I have corrected my climate update for June 2017. Either I or NWS reported incorrect figures for lowest minimum temperatures and for cooling degree days, not sure which. I noticed the discrepancy today and fixed it. May 2017 checks out OK.

The three month Oceanic Nino Index value has averaged -0.32 over the last eleven months, climbing to +0.5 in the last measurement period in April-May-June after a weak cooling event in the Pacific lasting five months.  

America is a country full of addictive drug users: 92 million opioid users in 2015, 2 million abusers

From the story here:

"A very large proportion and large number of adults use these medications in a given year," said study author Dr. Wilson Compton, deputy director of the National Institute on Drug Abuse in Bethesda, Maryland. "I was still a bit surprised that 38 percent or about 92 million people used prescription opioids in 2015."

Stupid Donald Trump decides to own the stock market, and when it crashes he will


Whence the "credulity baked into the culture to make room for a Bernie Madoff"?

Pondered here rather lazily.

May I suggest:


What's the difference between Australia and The United States?

The crooks went to Australia against their will.

Most Obamacare mandate fines last year came from far more low to moderate income people than CBO estimated

In other words, Obamacare penalizes people who can least afford it.

Obamacare is just another case of liberals raising taxes on the have-nots and screwing up their healthcare in the process.

From Jed Graham, here:

What is striking about the data is that the average payment is barely higher than the minimum payment of $695. Since people were required to pay the greater of $695 or 2.5% of taxable income above the filing threshold ($10,350 in 2017), one takeaway is that most of the $2.8 billion in fines paid through April appear to have come from people with modest to moderate incomes. As a frame of reference, CBO's 2014 analysis implied that the average mandate payment for this tax season would be roughly $1,075 and that the total amount paid by people earning up to three times the poverty level would barely exceed $1 billion. ... Based on mandate collections that streamed in after April in prior years, the full-year total is likely to rise to roughly 5 million tax forms with mandated payments totaling closer to $4 billion [an average Obamacare individual mandate fine of $800].

Monday, July 31, 2017

Laugh of the Day: CNBC says US Dollar moves lower after Scaramucci fired


NASA temperature data tampering puts Amundsen's Northwest Passage in the tenth coldest year on record

Story here.

Are we sure Scaramucci's wife isn't a guy?


Out goes the Mooch after soiling the carpet

Now you see him, now you don't. A veritable turd flying at the speed of light, who wiped out both Sean Spicer and Reince Priebus in one fell swoop. Or should I say poop?

Mission accomplished, he's gone.

Wouldn't it have been cleaner doing it the usual way?

Story here.

Watch Rep. Louie Gohmert expose the FBI's Robert Mueller for his incompetence in the Boston bombing case

Watch Mueller squirm, here, as Gohmert makes him admit he was never aware the mosque which radicalized the Boston bombers was started by the convicted terrorist A. Alamoudi.

Orange County Register thinks Trump has a point, correctly calls for an end to the filibuster rule in the Senate


The 60-vote requirement to cut off debate isn’t in the Constitution. In fact, the opposite is true. The Constitution’s forerunner in 1781, the Articles of Confederation, required the approval of nine of the thirteen states to pass a law, but that supermajority provision was conspicuously absent from the document hammered out at the convention in Philadelphia in 1787 after the Articles were replaced.

Saturday, July 29, 2017

Do nothing US House begins 5-week vacation after Senate Obamacare repeal failure

Republican Speaker of the House John Boehner once infamously said that Democrat President Obama had the right to set the agenda. But now that we have a Republican president, Republican Speaker Paul Ryan doesn't see it that way.

Slow-walking Trump's agenda isn't just a Democrat goal, it's an establishment goal. Republicans don't want to see it implemented anymore than the Democrats do, which is why Paul Ryan sabotaged Obamacare repeal in the Senate and promptly adjourned. His reassurances that the House wouldn't simply pass what the Senate passed supposedly were not good enough for John McCain.

But John McCain, who everyone knows is going to promptly die anyway, simply took one for the team. "Gee, what a guy. We get to run for reelection saying we voted for repeal and the dopes will believe us". 

Remember the agenda below from Trump? Seven months already have been blown on item 5, yet without success. Election 2018 is just 15 months away, and really 14 because August is a fait accompli. The prospects for getting nothing done by then of what Trump wants accomplished look better and better by the day, and that's just the way the establishment wants it.

   

Next, I will work with Congress to introduce the following broader legislative measures and fight for their passage within the first 100 days of my Administration:

1. Middle Class Tax Relief And Simplification Act.

An economic plan designed to grow the economy 4% per year and create at least 25 million new jobs through massive tax reduction and simplification, in combination with trade reform, regulatory relief, and lifting the restrictions on American energy. The largest tax reductions are for the middle class. A middle-class family with 2 children will get a 35% tax cut. The current number of brackets will be reduced from 7 to 3, and tax forms will likewise be greatly simplified. The business rate will be lowered from 35 to 15 percent, and the trillions of dollars of American corporate money overseas can now be brought back at a 10 percent rate.

2. End The Offshoring Act.

Establishes tariffs to discourage companies from laying off their workers in order to relocate in other countries and ship their products back to the U.S. tax-free.

3. American Energy & Infrastructure Act.

Leverages public-private partnerships, and private investments through tax incentives, to spur $1 trillion in infrastructure investment over 10 years. It is revenue neutral.

4. School Choice And Education Opportunity Act.

Redirects education dollars to give parents the right to send their kid to the public, private, charter, magnet, religious or home school of their choice. Ends common core, brings education supervision to local communities. It expands vocational and technical education, and make 2 and 4-year college more affordable.

5. Repeal and Replace Obamacare Act.

Fully repeals Obamacare and replaces it with Health Savings Accounts, the ability to purchase health insurance across state lines, and lets states manage Medicaid funds. Reforms will also include cutting the red tape at the FDA: there are over 4,000 drugs awaiting approval, and we especially want to speed the approval of life-saving medications.

6. Affordable Childcare and Eldercare Act.

Allows Americans to deduct childcare and elder care from their taxes, incentivizes employers to provide on-side childcare services, and creates tax-free Dependent Care Savings Accounts for both young and elderly dependents, with matching contributions for low-income families.

7. End Illegal Immigration Act.

Fully-funds the construction of a wall on our southern border with the full understanding that the country Mexico will be reimbursing the United States for the full cost of such wall; establishes a 2-year mandatory minimum federal prison sentence for illegally re-entering the U.S. after a previous deportation, and a 5-year mandatory minimum for illegally re-entering for those with felony convictions, multiple misdemeanor convictions or two or more prior deportations; also reforms visa rules to enhance penalties for overstaying and to ensure open jobs are offered to American workers first.

8. Restoring Community Safety Act.

Reduces surging crime, drugs and violence by creating a Task Force On Violent Crime and increasing funding for programs that train and assist local police; increases resources for federal law enforcement agencies and federal prosecutors to dismantle criminal gangs and put violent offenders behind bars.

9. Restoring National Security Act.

Rebuilds our military by eliminating the defense sequester and expanding military investment; provides Veterans with the ability to receive public VA treatment or attend the private doctor of their choice; protects our vital infrastructure from cyber-attack; establishes new screening procedures for immigration to ensure those who are admitted to our country support our people and our values.

10. Clean up Corruption in Washington Act.

Enacts new ethics reforms to Drain the Swamp and reduce the corrupting influence of special interests on our politics.

On November 8th, Americans will be voting for this 100-day plan to restore prosperity to our economy, security to our communities, and honesty to our government.

This is my pledge to you.