Sunday, October 17, 2010
Quote of the Day
Those that pound their swords into plowshares will plow for those that did not.
Thomas Jefferson
Permalink
Those that pound their swords into plowshares will plow for those that did not.
Thomas Jefferson
“The liberals are asking us to give Obama time. We agree… and think 25 to life would be appropriate.”
Jay Leno

From the American Spectator by Peter Ferrara, President Obama’s Tax Piracy
Among the bonehead increases that beckon to shove the economy back into recession is a nearly 20% increase in the top two income tax rates, counting the phase-out of deductions and exemptions. The top capital gains tax rate is scheduled to soar by nearly 60%, counting the application of Obamacare’s new 3.8% tax on investment income. The tax rate on dividends is scheduled to nearly triple, from 15% to 43.4%, counting the new Obamacare tax as well. The Obamacare legislation also increased the Medicare HI payroll tax rate by 62% for the nation’s employers and investors. On our current course, the death tax will rise from the grave next year with a 55% top rate.
A family of four earning $50,000 per year will pay more than $2,100 in higher taxes. A single mom earning $36,000 per year will pay over $1,100 more in taxes.
Married senior citizens earning $40,000 per year will pay more than $1,400 in higher taxes.If you have been listening to President Obama’s rhetoric, you would be thinking how could failing to extend the Bush tax cuts result in all these tax increases on everybody, since Bush supposedly cut taxes only for the rich. That is why you should not be listening to President Obama’s misleading, manipulative, deceptive rhetoric.
There will be a rifle behind each blade of grass.
Admiral Yammamoto, 1941
Yes my fellow Americans, God is still in control. This is priceless!
There is no use whatever trying to help people who do not help themselves. You cannot push anyone up a ladder unless he be willing to climb himself.
Andrew Carnegie
From the UK Telegraph
by Ambrose Evans-Pritchard, Shut Down the Fed (Part II)
I apologise to readers around the world for having defended the emergency stimulus policies of the US Federal Reserve, and for arguing like an imbecile naif that the Fed would not succumb to drug addiction, political abuse, and mad intoxicated debauchery, once it began taking its first shots of quantitative easing.
My pathetic assumption was that Ben Bernanke would deploy further QE only to stave off DEFLATION, not to create INFLATION. If the Federal Open Market Committee cannot see the difference, God help America.
Evans-Prichard’s description of drug addiction, political abuse, and mad intoxicated debauchery is a good description of the current occupant of the White House. The Regime along with it’s Democrat supporters in the House and Senate are adicted to spending money they don’t have. You can truly call it a drug addiction.
This is the reason for the rising Tea Party movement. The kids (Democrats) are out of control and the adults (Tea Party) are speaking up and getting ready to intervean in NOvember.
Only 35 days to go!
The inherent vice of capitalism is the unequal sharing of the blessings. The inherent blessing of socialism is the equal sharing of misery.
Winston Churchill
theoretically there is nothing that can stop the government from taxing 100% of income so long as the people get benefits from the government commensurate with their income which is taxed.
Barack Obama Sr. from an article, in the East Africa Journal called Problems Facing Our Socialism.
Forbes nails the President in their article by Dinesh D’Souza, How Obama Thinks.
The White House didn’t seem to like being called a Anticolonial but the description sure does fit. Washington Post, Howard Kurtz, White House rips Forbes article
Fiat money has no place to go but gold.
Alan Greenspan, 15 September 2010
If you have forgotten then maybe you just need a reminder.
I keep six honest serving-men
[They taught me all I knew];
Their names are What and Why and When
And How and Where and Who
Rudyard Kipling
From CNSNews.com By Terence P. Jeffrey, Obama Added More to National Debt in First 19 Months Than All Presidents from Washington Through Reagan Combined, Says Gov’t Data
In the first 19 months of the Obama administration, the federal debt held by the public increased by $2.5260 trillion, which is more than the cumulative total of the national debt held by the public that was amassed by all U.S. presidents from George Washington through Ronald Reagan.