Obama Wants to “In-source”

No words needed, we all feel the pain of illegal immigration. We pay the taxes and the gov’m’nt borrows money to keep the illegals. In the meantime, the administration works feverishly to kill capitalism, and the job market for genuine tax paying citizens. Its Cloward-Piven strategy played to the max. Overload the welfare system to bankrupt the country, and make everyone dependent on the gov’m’nt. We are watching it happen right before our eyes and we are powerless to do anything to stop it. November isn’t coming soon enough.

Obama opens the border and encourages illegal entrants to in-source, and he kills jobs for citizens with regulation and taxes.

She Weeps for Many Reasons

She weeps for many reasons, but today marks a special event. The Supreme Court upheld Obama care as Constitutional because Congress has the right to impose a tax. The Supreme Court made the decision that Obama was not capable of making.

President Obama knew right from the start that the health care bill would never pass if he sold it as a tax. Especially after his campaign promise to not tax the middle class. Therefore, he and his cronies invented the ambiguous language which failed to define which it was (He speaks with a forked tongue). The Court saw through the subterfuge and decided for him. Now he has to live with the task of convincing the country that the single largest tax assault the US has ever seen is a good thing. This is another tax to pile onto the backs of the working class to make them tax-slaves to those who feed off of big government.

Lady Liberty cries because of the loss of Liberty we face with this regime. Justice Antonin Scalia gave us a Constitutional lesson regarding our loss of liberty and what we have to do if we don’t like the law. If we don’t like losing liberty, or this law, we should vote for new leadership, or in other words, throw the bums out. Let us show him that we are quick to learn and send the Constitution-Side-Stepper-in-Chief along with his head bobbing Senate packing

On the immigration issue, I  believe we should erect a Statue of Liberty along with a copy of Ellis Island at every legitimate entry point into the USA.  Perhaps the same symbol of liberty that greeted our immigrant parents will help solidify why a person wants to leave his home country to live in America.

Trying To Put My Head Around a Billion Dollars

Logo of the Internal Revenue Service

The numbers being thrown around on the news these days are mind-boggling. Most of us can’t put a handle on the spending that goes on in the Federal Government. It is absolutely immense.

As an exercise, I decided to estimate my lifetime earnings and compare it to a billion dollars. I began working at age eleven and didn’t stop until I was seventy. That is a cool fifty-nine years of making money.  In the beginning my salary was modest compared to today’s standards. At graduation from college, my starting salary was $6800/year. My jobs were always good paying ones and I never complained about how much I made. Engineering paid well during my career. I estimate that I earned two million dollars over that fifty-nine year period (If only I had that 2 mil in my 401K today). Before you think of me as a hyper millionaire think about that. The 2 million over fifty-nine years averages out as $33,898 per year. I also estimate that I paid taxes of around four hundred and twenty thousand dollars over those same years.

Where am I going with this? I’m trying to put my head around a billion dollars.  It takes five hundred above average people, just like me, fifty-nine years to earn a billion dollars. Yet, we see the Feds throwing billions around like a billion was chump change. Now ramp that number up to a trillion, and it takes 500,000 people fifty-nine years to earn that much.

I still can't get the size of the number into my head

Last week, we learned that 289,000 federal workers collectively owe 3.4 billion dollars in taxes ($11,764 average per person).  That is not trivial. It seems to me the Chief Executive who continues to harp on us to pay more should put some executive pressure on the people who work directly for him. Well, you argue, they have the same rights as the rest of us, and must be treated under the same rules. I’m here to tell you that the IRS challenged one of my returns because I failed to claim  $2000 of income on one return, and they did it within two months after I filed. They also expected me to resolve things within thirty days or be faced with further audit. The difference between me, and federal workers is they know the administration will not go after them. They are the privileged. All it would take is one phone call from the BOSS to the head of the IRS and his wish would become their command. Why isn’t it happening?

It is not happening because the hype about taxing the rich has nothing to do with needing money, it is about exerting power and demonizing the “rich.”

Since the economy took a dump in 2008, I have personally cut my expenses by twenty percent. I feel that is not enough, and I am looking for more ways to economize because my 401K is shrinking fast.

My attitude was that I couldn’t afford not to have something because I am old and may not live to enjoy it. Now, my attitude is keep the nest egg, because if the economy collapses and inflation hits, I will be standing in the soup line with everyone else.

Let the government cut twenty percent before they begin squeezing us for more. If we don’t nag our representatives to cut spending and to do their jobs how in the world will we ever get this monster under control?

Trash the EPA

If there was ever a reason to reduce the size of government it is the current debate about cow farts. The EPA wants to impose a tax on every cow in the country to reduce the amount of methane they produce. The argument is that methane contributes to global warming. Sun flares do too.  If you think I am kidding go to the cow fart tax website to learn more.

If the EPA had a gram of brain power they would have suggested a tax incentive for farmers that capture the methane. We are looking for alternative sources of energy why not cow farts? We capture methane from land fills, so it is totally rational to believe we could capture the gas escaping a cows ass. Instead of putting farmers out of business with this asinine proposal, the EPA would become the heroes of the energy world.

I think we could save more methane by eliminating the entire EPA. After all, their people fart too. Our congress is also a major gas producer. They regularly spew the most horrific stinking laws, and tax increases. They make a cow’s output more like perfume. The idea of the tax is enough to convince me that the EPA minds are in a state of decay. What I have left out of the equation however, is the input from POTUS.

Obama loves a good cow fart

You Will Suffer Long and Hard

My Flag Flies Everyday

My Flag Flies Everyday

The Sunday May 24 edition of the Chicago Tribune ran an article titled, “Adding Up What CEOs Made.”  The piece includes a list of the 100 top companies in Chicago and Northern Indiana, and the total compensation package the CEOs receive. Even though the title says “Adding Up…” it doesn’t really add it up. They only list 100 salaries, but I went to the trouble to input them into a spreadsheet to get the sum. I was curious to see what the flap is about the outrageous salaries being used to demonize Capitalism. The media has been busy barraging us with huge bonuses and salaries being paid. They bark the  need for regulation. This is truly the output of a socialist mindset.

I was surprised by the total of the top 100 salaries,  by the rate at which the salaries drop. Granted there isn’t a poor guy on the list, and the money they make in a year is more than most of us will earn in a lifetime. These CEOs lead companies that are producing and selling billions of dollars in products and services. Why is there such a penis envy of these leaders for their compensation? Are we envious? Do we want to lead the same life style they do? Do we want to work 24/7  to the detriment of our families? Why do we resent high salaries? The left leaning individual resents it because he truly believes the CEO and the company has made that salary off the sweat of his brow. Most employees will work forty hours per week at some incremental position stocking shelves or answering phones, or taking orders, but they are paid commensurate with the requirements of the position. What that employee doesn’t seem to understand is that his job is a commodity. There is a supply and demand for workers. The salary he is paid  is competitive with other companies who need the same level of skill.

The liberal also argues that the wealth paid to  CEO’s must be redistributed to those who are less fortunate. This is the reason for my article today. If we were to take all the money paid to the top CEOs in the country what magnitude of social spending would it  pay for?

Here are some facts and assumptions:

1.) The accumulative  salary paid to the CEOs of the top 100 companies in Illinois, as stated in the Tribune article, is  $559,940,329.00. This is a little more than a half billion dollars.

2.) Assume that every state in the union has a list of 100 top companies whose CEOs are paid the same. For the sake of simplicity let me use round numbers (50 x $600,000,000) = 30 billion dollars.

3.) Assume that I am too low and I am off by a factor of 10, the number becomes $300 billion dollars.

Wow! that is a lot of money, but wait, the TARP cost over two times that much, the stimulus package cost over three times that much,  and the proposed Federal Budget will cost over five times that much.

Here is my argument. We have just taken away all the money made by the top 50,000 executives in the USA and given it to the government to pay for it’s super duper programs, and we have barely paid for 11.4 % of it. Where will the remaining 88.6% come from?

Liberals don’t give up easy. They will argue that the remainder will come from taxing the companies that these CEOs lead. Okay, how many of these CEOs will work their ass off for $1.00? Even a liberal would have to agree that a salary of $1.00 per year would make life hard. Most likely, none of them would. They will quit, or let the company be run by the worker bees who believe it is by the sweat of their balls that the big money is made. (It will be interesting to see if the UAW can run Chrysler and compete in the world market.)

Actually, what will happen, is that none of the above will play out. The CEOs will continue to work for big money because that is the market value of their skills, and the Government will tax the living hell out of everyone to make up the money needed to implement thier utopian schemes. In the end, they will destroy the greatest country on earth and the deny the liberty of each and every one of us.

All of you youngsters out there who voted for “Change We Can Believe In,” have fun. I am near the end of my life cycle, and will not live to see too much grief.  You are going to suffer long and hard for your decision to take the country into this devastating direction.

Slavery to Slavery?

My Flag Flies Everyday

My Flag Flies Everyday

I got to thinking about those trillions the government is throwing at earmark projects called stimulus. I asked myself how many people could a trillion dollars really help?  I looked at three items that people spend money on: house, car, and college education.

Here is how it works out:

1. How many $200,000.00  houses can one buy for a trillion? A two hundred thousand dollar house is probably affordable for most of the population.

ans: Five million

2. How many cars valued at $25,000.00 each? Not a Lexus or Cadillac, but a Ford Focus will get you to where you need to go.

ans: Forty million.

3. How many students could spend $40,000.00 on college tuition?  This one assumes you spend three hundred dollars per credit hour and you require one hundred and thirty credits to get a degree, and live with your parents.

ans: Twenty five  million five hundred thousand.

A trillion dollars given away in this fashion would most likely stimulate the economy. Instead we will direct the money through a filter called “government.”  The end result will be that only a third will get to the consumer. The remainder will be lost in management fees. In big government management fees are more commonly referred to as GRAFT.

What BHO failed to tell the people of the USA is that his redistribution of wealth will make everyone in the country a slave. By robbing the rich to give to the poor, the result will make everyone poor.

The direction of the country toward “Change You Can Believe In,” will bankrupt the treasury. The end result is that the greatest country in the history of the earth will become  a slave to the countries who buy our debt.

Barack likes to compare himself to Abraham Lincoln. While Lincoln freed a small number of the population who were slaves, Barack will enslave the entire country. How will that happen?

We will borrow the money from China or other countries. In order for them to loan us the money, we will have to make it worth their while. We will have to pay higher interest. Higher interest will mean that the government has less money to pay for the programs that they have legislated into law. In other words if it takes a trillion dollars to run the country, we’ll now have to add the interest to that.  Where will the government get the extra money? They have two ways: 1. Pass the expense to the tax payer by increasing his contribution. 2. Print more money to cover the bill. This means that your money is worth less than it was before. I already have trouble making ends meet on my fixed income.

Here is what the interest payment looks like on a trillion dollars:

Interest rate-percent   interest payment
2   20,000,000,000.0
3   30,000,000,000.0
4   40,000,000,000.0
5   50,000,000,000.0
6   60,000,000,000.0
7   70,000,000,000.0
8   80,000,000,000.0
9   90,000,000,000.0
10   100,000,000,000.0

In case you have a problem reading all those zeros, they are billions.

Mark my words, this country is headed for another civil war with the rampant spending under this president. Isn’t civil war another issue that Lincoln had to deal with?

Capital Gains What?

My Flag Flies Everyday

My Flag Flies Everyday

The rhetoric in this campaign could only be written by lawyers. We need to listen and understand every word, then read between the lines. I keep hearing that BO wants to limit his taxation to the “very rich.” He openly says there are many companies who are so rich they can afford to give some up for those at the bottom. I got to thinking about his words, and the concepts begin to sink in.

The folks who support BO and who have jobs seem to agree that their employers use them to make their fortunes. These workers have a mentality that somehow, their employer would not be rich if it were not for the sweat of their labor. They revel in the concept of taking it back from the rich. These people resent everything and everyone who has a nickle more than them. What they don’t understand is that the employer pays them a fair market wage for the the fruits of their effort. They also don’t realize that when they go home, the employer is still working to make things happen. Business is a 24/7 operation, and the owners take on a huge responsibility to make it a success.

How does the capital gains tax affect me and you? I fall into the “ninety five percent, or the middle class,” who are supposed to get a tax break in the BO program. I will get that tax break at the expense of a capital gains tax on the wealthiest of companies.  I don’t work anymore, and I live off my 401K, and Social Security. It took my deceased wife and me over forty two years to accumulate the nest egg. We gave up luxuries, spent judiciously, and saved. We invested in the market, and bought into many different companies. Many of my investments are designed for growth so the nest egg keeps up with inflation. When a company does well and expands, or grows, they transfer the growth to the share holders in the form of a capital gain distribution. It is not money, but shares of stock. This is a “capital gain.” At the end of the year, I have to pay a tax on that gain. There have been years, when I had capital gains, and paid a tax, however, the share price of the stock dropped making the value of the gain negative. Uncle Sam took the tax and ran. There was no sympathy toward the stock holder, Even though I was stuck with a stock that was lower in value than before the gain was declared. My 401K depends on capital gains to keep feeding me. I have to sell shares of the funds to get the  money I live on.

All of the people, who have been hypnotised into believing that BO will only tax the rich, are in for a rude awakening.  Any worker who is planning to retire on a 401K plan will be affected by the capital gains tax. Why? because you are investing in the companies that he will tax. All the “boomers” who want to retire and take advantage of their years of labor will be affected too. Companies who pay taxes, pay less dividend and have less money to invest in growth. It is as simple as that; more tax, less growth. More tax, less money in your 401K. More capital gains tax, and the more you pay; the less you have to live on. We are all affected by the capital gains tax, even those of us who are “middle class.” I don’t beleive for a minute that BO doesn’t see that he will burden the retiring baby boomers. He wants it all.

Barack and his liberal cronies love the concept of taking care of the little guy.  He doesn’t believe we are smart enough to care for ourselves.  If BO is really interested in taking care of us, he will abolish his ‘welfare,’ mentality. Karl Marx had a similar idea, and initiated a great ‘experiment” in Europe. Millions were slaughtered to make the idea work. Marxism took everything from the people. The government owned the wealth to take care of the people. The experiment was called “communism.”

Bhutadarma

Nothing is impossible (at least that does not violate the laws of physics). When you can..violate the laws of physics!

I Know I Made You Smile

cartoons/humor/fiction/nonfiction

Attila Ovari

Loving Life and Inspiring Others

galesmind

Come take a journey through my mind

Nutsrok

The humor and humanity of storytelling.

Henry Game

The Next Testament

Gamintraveler

Travel Couple and Digital Nomads on a World Travel

summershaffer

A topnotch WordPress.com site

blogsense-by-barb

at the Re-Birth of America!

The Honking Goose

something to honk about

THE WAKING GIANT

United States Second Amendment Pitbull

Caustic Synergy

United and alone in the world

ELLIOT LAKE News

Political INcorrect Content & Forbidden Knowledge -- Yours To Discover

Aspiring Conservative

Conservative blog with articles about today's politics!

Conservative Kentucky

Reality From my Perspective

Hearing Aid News

HEAR it HERE first! The latest on developments in hearing aids and the hearing industry.

Socialism is not the Answer

Limited Government Is

leaf and twig

where observation and imagination meet nature in poetry

Just Cruisin 2

Where Intellectuals and Rednecks foregather.

allaboutlemon-All Around, In, And Out Of My Own Universe

Greed is an ugly default... Sharing is Caring

Nhan Fiction

"Hope is my catalyst."

prophetbrahmarishi

Just another WordPress.com site

NuVote Reach

Political Co-Dependency Intervention

The Baggage Handler

I made the impossible easy in both worlds!

David Emeron: Sonnets

If I swore not to describe my heart, would it stop beating forever?