Taxes

Sitting At The Head Of The Class

remise: Obama administration is a troop of gangsters, needs to be investigated to the hilt, and held accountable just like every other administration that has come before. The Obama administration is not entitled to its own dictatorship in the United States of America, no matter who he thinks he is. Charmer #1: If you can't see that both sides of this political circus act are corrupt and no matter which side gets into the Oval Office at any given time we will get the same result because we allowed the elite bankers to hijack the country via the federal reserve...

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The Supreme Court Speaks on Health Care Law

LMOST FULLY GROUNDED AGAIN AFTER ALL the zetetic excitement yesterday, I say we take a more serious and sober look at what transpired yesterday, and then again, this morning as Chief Justice John Roberts read for the majority, and we boomeranged all around the Internet seeking solace in our hour of disenchantment. Of all that I have read and seen in video, TV, and slapshot Internet reporting, here is a most convincing snippet from commentator Jay Cost of The Weekly Standard. Cost seems to put the onus on the current administration to act quickly in this snatch and grab of...


Bernanke Cast Doubts On Administration's Jobs Claims

eclining joblessness figures, sprouting lately from the current administration like so many spring crocuses, have left even the Chairman of the Federal Reserve, Ben Bernanke, puzzled over numbers that are "out of sync" with the overall economy. "The combination of relatively modest GDP growth with the more substantial improvement in the labor market over the past year is something of a puzzle," Bernanke admitted to the National Association for Business Economics earlier this week. Bernanke then proceeded to explain why unemployment figures from the administration seem so out of step with the reality most folks are experiencing. He started with...


Forgive Us Our Debts

ATHOM A FEW FACTS about our flipping national debt. LBJ's Great Society and a few other distractions—like the Vietnam war—stormed into 1969 and the Nixon era with buckets of deficit spending. Since then, the national debt has grown dramatically each decade, as shown below: • In the 1970’s, the national debt more than doubled, from $366 billion to $829 billion. • In the 1980’s, the national debt more than tripled, from $829 billion to $2.9 trillion. • In the 1990’s, the national debt almost doubled again, from $2.9 trillion to $5.6 trillion. • In the 2000’s, the national debt is...


National Debt Made Simple

HE US CONGRESS SETS a federal budget every year (Before Obama*) in the trillions of dollars. Few people know how much money that is so we created a breakdown of federal spending in simple terms. Let’s put the 2011 federal budget into perspective: * US income: $2,170,000,000,000 * Federal budget: $3,820,000,000,000 * New debt: $1,650,000,000,000 * National debt: $14,271,000,000,000 * Recent budget cut: $38,500,000,000 (about 1 percent of the budget) It helps to think about these numbers in terms that we can relate to, so let’s remove eight zeros from these numbers and pretend this is the household budget for...