Looters
Wednesday, August 25, 2010
The Bizarro World of Joe Biden
Say it’s not so, Joe.
From the Chicago Tribune, by Mike Memoli, Biden: ‘We’ve seen this movie before’
“For eight years before we arrived in the West Wing, Mr. Boehner and his party ran the economy literally into the ground,” he said. “We’ve seen this movie before, Mr. Boehner. We’ve seen it before and we know how it ends.”
Joe, do you mean the movie where unemployment was only 5.5%? Was that the movie you were talking about?
Biden conceded that the economic recovery was not proceeding as fast as the administration had hoped, but claimed there was “no doubt we’re moving in the right direction.”
Right direction? What are you smoking, Joe? Up is Down, Wrong is Right, it’s Bizarro World and you are in charge. G_d help us!
Under your regimen, National Debt has doubled, we have double digit unemployment, 500,000 new jobless claims announced this week, the Dow Jones on the way to 5,000, and huge tax increases on the way for the producers. This can’t end well.
Never in the history of The United States has there been a more incompetent, crooked and immoral executive branch. In the last 2 years of the Bush Administration the Democrats were in charge of the legislature and single handedly destroyed The United States economy. AND! Democrats continue to destroy the economy at an accelerated rate. It appears deliberate and in my opinion borders on TREASON!
I CAN’T WAIT FOR NOvember
Wednesday, July 28, 2010
The Next Trillion-Dollar Bailout
From the Heritage Foundation, Ready for the Next Trillion-Dollar Bailout?
CLASS is a new long-term-care insurance program that was inserted into Obamacare so that Congress could raid its $70 billion surplus through 2020 to cover Obamacare’s initial deficits. Like the raided Social Security trust fund, future taxpayers will have to repay that $70 billion with interest when the program falls into deficit later.
“a Ponzi scheme of the first order, the kind of thing that Bernie Madoff would have been proud of.”
Thus, even Sen. Kent Conrad (D., N.D.) admits that Congress has enacted “a Ponzi scheme of the first order, the kind of thing that Bernie Madoff would have been proud of.”
Just another reason Obamacare needs to be repealed, CLASS is another entitlement that America can’t afford.
Era of Government Controlled Economy
NAILED!
Comment to an article on David Rosenberg’s, YOU KNOW YOU ARE IN A DEPRESSION WHEN ... reader B9K9 NAILS the current economic condition.
Who knew laws would be abrogated, criminals rewarded and riches absconded? Who knew centuries old jurisprudence & Constitutional provisions would be discarded as mere inconveniences which were preventing rewarding cronies & political supporters?
dupes, rubes & dopes (um, that would be most of us), made the fatal mistake of bringing a knife to a gun-fight. Never, ever apply logic & fundamental reasoning skills in an environment where the thugs control all the cards.
I’ve learned my lesson - how many others have learned theirs?
That sums up the current environment well!
Sunday, April 18, 2010
Tax Day in New York
Sign seen at a Tax Day rally in Manhattan…
GOVT TAKES U-KEEP
69.825% 30.175%
Federal 39.6%
NY State 7.7%
NY City 3.65%
FICA 6.2%
Medicare 3.8%
Sales Tax 8.875%
You make it, they take it!
Posted by Steve on 04/18 at 10:47 AM
Blogging •
Looters •
Moochers •
Parasites •
Taxes •
Permalink
Sunday, March 28, 2010
Obamacare, Spreading The Wealth Around
Fox News - Democratic Senator: Health Care Law to Address ‘Mal-Distribution of Income’
Too often, much of late, the last couple three years, the mal-distribution of income in American is gone up way too much, the wealthy are getting way, way too wealthy and the middle income class is left behind,” he said. “Wages have not kept up with increased income of the highest income in America. This legislation will have the effect of addressing that mal-distribution of income in America.
Senator Max Baucus (D) Montana
Now The Truth Is Out!
Montana, YOU know what you need to do!
Tuesday, March 23, 2010
America, The Republic Is In Danger
Know Your Enemy
America didn’t surrender to Kaiser in World War 1.
We didn’t surrender to Hitler in World War II.
We didn’t surrender to the Soviets during the Cold War.
Why then would America surrender to the Democrats?
Democrats are the enemy of America and Obamacare is the first shot in the War Against America.
Anyone with a (D) by their name is our enemy. They hate what America is and they are willing to destroy our nation in order to make it into their vision of what they think America should be. They have to be stopped.
What was done to America this past Sunday was the last straw. IF WE DON’T STOP THEM NOW WE MAY NOT GET ANOTHER CHANCE.
Monday, March 22, 2010
The Betrayal of America
Let Them Eat Cake!
Yahoo News House sends health care overhaul bill to Obama
On the cusp of succeeding where numerous past congresses and administrations have failed, jubilant House Democrats voted 219-212 late Sunday to send legislation to Obama that would extend coverage to 32 million uninsured Americans, reduce deficits and ban insurance company practices such as denying coverage to people with pre-existing medical conditions.
‘This is what change looks like,” Obama said later in televised remarks that stirred memories of his 2008 campaign promise of “change we can believe in.’
‘We proved that this government — a government of the people and by the people — still works for the people.’
‘This is what change looks like’
‘We proved that this government — a government of the people and by the people — still works for the people.’
No Mr. President, You are a LIAR.
This isn’t what change looks like.
This is what Tyranny looks like.
Sunday, March 21, 2010
The Season Of The Witch
America On The Brink Of Tyranny
Social Security and Medicare are flat broke and now the Democrats want to create another entitlement program that we can’t afford.
The majority of Americans don’t want it but they are going to force it on us any way. This is what the face of tyranny looks like and it is not going to go well.
Stay tuned…
Friday, March 19, 2010
Disregard For The Constitution
Grounds for Impeachment?
I do solemnly swear that I will faithfully execute the Office of President of the United States, and will to the best of my ability, preserve, protect and defend the Constitution of the United States.
The Washington Post - KUHNER: Impeach the president?
The Democrats are assaulting the very pillars of our democracy. As the debate on Obamacare reaches the long, painful end, House Speaker Nancy Pelosi is confronting a political nightmare. She may not have the 216 votes necessary to pass the Senate’s health care bill in the House
Hence, Mrs. Pelosi and her congressional Democratic allies are seriously considering using a procedural ruse to circumvent the traditional constitutional process. Led by Rep. Louise M. Slaughter, New York Democrat and chairman of the House Rules Committee, the new plan - called the “Slaughter Solution” - is not to pass the Senate version on an up-or-down vote. Rather, it is to have the House “deem” that the legislation was passed and then have members vote directly on a series of “sidecar” amendments to fix the things it does not like.
The Slaughter Solution is a poisoned chalice. By drinking from it, the Democrats would not only commit political suicide. They would guarantee that any bill signed by Mr. Obama is illegitimate, illegal and blatantly unconstitutional. It would be worse than a strategic blunder; it would be a crime - a moral crime against the American people and a direct abrogation of the Constitution and our very democracy.
‘It would open Mr. Obama, as well as key congressional leaders such as Mrs. Pelosi, to impeachment.’
It would open Mr. Obama, as well as key congressional leaders such as Mrs. Pelosi, to impeachment. The Slaughter Solution would replace the rule of law with arbitrary one-party rule. It violates the entire basis of our constitutional government - meeting the threshold of “high crimes and misdemeanors.” If it’s enacted, Republicans should campaign for the November elections not only on repealing Obamacare, but on removing Mr. Obama and his gang of leftist thugs from office.
Sunday, March 07, 2010
Obama Wants to Raid Your 401(k)
Washington Blog - Demand that Congress Pass the ‘Keep Your Hands Off My 401(k) Act of 2010’
The Obama administration is weighing how the government can encourage workers to turn their savings into guaranteed income streams following a collapse in retiree accounts when the stock market plunged.
The U.S. Treasury and Labor Departments will ask for public comment as soon as next week on ways to promote the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams, according to Assistant Labor Secretary Phyllis C. Borzi and Deputy Assistant Treasury Secretary Mark Iwry, who are spearheading the effort…
BusinessWeek reports that the Treasury and Labor departments are asking for public comment on “the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams.”
In plain English, the idea is for the government to take your retirement savings in return for a promise to pay you some monthly benefit in your retirement years.
They will tell you that you are ‘investing’ your money in U.S. Treasury bonds. But they will use your money immediately to pay for their unprecedented trillion-dollar budget deficits, leaving nothing to back up their political promises, just as they have raided the Social Security trust funds.
This ‘conversion’ may start out as an optional choice, though you are already free to buy Treasury bonds whenever you want. But as Karl Denninger of the Market Ticker Web site reports: ‘Choices’ have a funny way of turning into mandates, and this looks to me like a raw admission that Treasury knows it will not be able to sell its debt in the open market—so they will effectively tax you by forcing your retirement money to buy them.’
This is just the latest chapter in what is developing into a war by the left on America’s seniors. All that class-war rhetoric about “the rich” ends up targeting seniors, who tend to have accumulated the most in savings and investment on average because they have been around the longest.
Gingrich concludes…
Congressional Republicans should introduce legislation to block the government from ever proceeding with anything like this. Call it the ‘Keep Your Hands Off My 401(k) Act of 2010.’
Friday, March 05, 2010
‘Entrepreneurship Summit’ with Muslims?
Breitbart - Obama calls ‘entrepreneurship summit’ with Muslims
The White House on Friday announced a “summit on entrepreneurship” to build economic ties with the Islamic world, part of President Barack Obama’s outreach to Muslims.
The White House said it has invited participants from more than 40 countries over five continents for the April 26-27 conference in Washington.
“The summit will highlight the role entrepreneurship can play in addressing common challenges while building partnerships that will lead to greater opportunity abroad and at home,” White House spokesman Robert Gibbs said.
What kind of Charlie Foxtrot are you cooking up now Mr. President? How about some support for American Entrepreneurship?
Tuesday, February 16, 2010
Flight of the Democrats
CBS News - Bayh: No Chance I’ll Switch Parties
Members of Congress give all sorts of reasons for retiring, but the reason that Democrat Evan Bayh gave is starting to sound awfully familiar. The two-term Senator from Indiana said he just couldn’t stand the partisan bickering in Washington any more.
“I’ve had a growing conviction that Congress is not operating as it should. There is much too much partisanship and not enough progress,” he said yesterday, announcing he would not seek reelection this Fall.
Let me see Senator Bayh, “Congress is not operating as it should?” Running up a 1.4 Trillion dollar deficit, Federal Debt over 12 Trillion dollars, Earmarks (AKA wasteful spending), waste, fraud and abuse at the hand of the United States Congress, is this the partisanship you are talking about? The Democrat majority is in charge and the American People are holding them to account. Get over it!
Saturday, January 30, 2010
Unions - Anti Tea Party
Daily Caller - Labor union money linked to anti-Tea Party Web site
Organized labor may be putting their dollars behind an online effort to take down Tea Party groups and their “radical ideas.”
A new Web site, TheTeaPartyIsOver.org, has connections to unions, including the Service Employees International Union and the American Federation of State, County and Municipal Employees.
The American Public Policy Committee pays for the site, whose self-declared mission is to “prevent the Tea Party’s dangerous ideas from gaining legislative traction.”
The Tea Party Movement’s idea of lower taxes and smaller government doesn’t sit well with unions. Especially the unions that represents government employees.
Somehow the principles of our Founding Fathers have become ‘radical ideas.’
It’s amazing how the ‘statists’ want to portray our country’s founding principals as radical.
Shenanigans’ Geithner the Fed and AIG
Bloomberg Secret Banking Cabal Emerges From AIG Shadows: David Reilly
The idea of secret banking cabals that control the country and global economy are a given among conspiracy theorists who stockpile ammo, bottled water and peanut butter. After this week’s congressional hearing into the bailout of American International Group Inc., you have to wonder if those folks are crazy after all.
Wednesday’s hearing described a secretive group deploying billions of dollars to favored banks, operating with little oversight by the public or elected officials.
We’re talking about the Federal Reserve Bank of New York, whose role as the most influential part of the federal-reserve system—apart from the matter of AIG’s bailout—deserves further congressional scrutiny.
Yet when unelected and unaccountable agencies pick banking winners while trying to end-run Congress, even as taxpayers are forced to lend, spend and guarantee about $8 trillion to prop up the financial system, our collective blood should boil.
Heck of a business model. AIG takes huge risks and when thing are good they take their profit. When things go bad they are ‘too big to fail’ and get bailed out by the American taxpayer.
As Reilly says ‘our collective blood should boil.’
Posted by Steve on 01/30 at 02:23 PM
Blogging •
Looters •
The Economy •
Permalink
Sunday, January 24, 2010
Obama Eyes IRAs and 401(k)s
Business Week - Retiree Annuities May Be Promoted by Obama Aides
Bloomberg - Americans Oppose Proposals to Limit 401(k)s, ICI Says
The U.S. Treasury and Labor Departments will ask for public comment as soon as next week on ways to promote the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams, according to Assistant Labor Secretary Phyllis C. Borzi and Deputy Assistant Treasury Secretary Mark Iwry, who are leading the effort.
According to the article, as of mid 2009 there was 3.6 trillion dollars in IRAs and 401(k)s. Thats a tempting sum to the Obama Administration and the Democrats when they are pilling up an unsustanable level of debt. They want to sieze it and convert it to annuities so that retires will receive “steady payment streams.”
Karl Denninger at The Market Ticker has a different take on this idea and it is rather ominous. 401k/IRA Screw Job Coming?
Let me tell you what this is - it is an attempt to prevent the collapse of the Treasury market!
Forcing people into Treasuries as an “annuity” is exactly what Social Security allegedly is. Except that Treasury stole the money that was collected in FICA taxes and spent it!
Guess what? They’ll do that here too - you’re going to “invest” in Treasuries which of course are effectively a CALL option on the future taxing ability of the government.
Read the rest of Karls article HERE
Let’s see if I understand this. The government takes your IRA / 401(k) and gives you an IOU. Then they pay you back in inflated dollars in equal monthly payments until you die. Haven’t they done this already with the generational ponzi scheme called Social Security? I wonder if they have hired Bernie Madoff as a consultant?
h/t Jason Hommel
Page 1 of 3 pages 1 2 3 >
