Category: Spending


Ranking Known State Subsidies To Private Businesses

 

 

 

 

 

” While corporate welfare, whether in the form of subsidies or bailouts, is more often associated with the federal government, state governments also regularly use generous, targeted subsidy packages to entice corporations to locate within their borders. As these charts show, corporate welfare is a significant problem at the state level, with New York State leading the rest.

  This week’s charts use data from the Subsidy Tracker 2.0 dataset compiled by Good Jobs First, a government accountability and smart-growth advocacy group, to display the states (plus the District of Columbia) that disperse the highest amounts and numbers of subsidies, along with the top parent corporations that cumulatively benefit from these subsidies. 

  Comprehensive data on total state assistance to private businesses have long been hard to access, since the relevant information has been inconsistently scattered among various government reports and websites. The Subsidy Tracker project is an ambitious effort to compile state data on subsidized projects, amounts, beneficiaries, and outcomes in one location. The dataset distinguishes between 11 types of subsidies, including tax credits and rebates, property tax abatements, low-cost loans, infrastructure assistance, and enterprise zones. The dataset is a constantly updated work-in-progress; while it does not yet contain every single state subsidy, it is one of the most comprehensive sources of state subsidies assembled so far. Additionally, the database compilers decided to count sales tax exemptions on business purchases of inputs as a “subsidy.” However, some economists argue that applying sales taxes to input purchases would inefficiently favor vertically integrated firms over firms that purchase inputs from other businesses. Therefore, this kind of sales tax exemption is not a “subsidy,” but an efficient tax policy. Despite these important limitations, the dataset can give us an early glimpse of the rough value of the  subsidies that each state issues. The User Guide provides further details on the methodology.

  The first chart displays the states known to have extended cumulative subsidies exceeding $1 billion, according to the dataset. In the top portion, the states are ranked, left to right, from the highest amount of subsidies to the lowest amount of subsidies. In the bottom portion, the equivalent number of deals are displayed for each state. 

  New York state clearly leads the pack, extending a known 71,759 subsidy deals worth $21.71 billion. The second highest corporate beneficiary in the dataset, Alcoa, received a plum deal from the Empire State in 2007, raking in an astounding $5.6 billion to build an aluminum plant. “

Veronique de Rugy at Mercatus has much more on state funded corporate welfare

 

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Rand Paul Mocks The NIH For ‘Origami Condom’

 

 

 

 

 

 

” Sen. Rand Paul (R-Ky.) took aim Wednesday at the National Institutes of Health for blaming the agency’s slow response to the Ebola outbreak on budget cuts.

” We have people who go blithely on TV and say we don’t have enough money to study Ebola. Have you seen what the NIH spends money on?” Paul, a prospective 2016 presidential candidate, said at a campaign rally for Republican congressional candidates Dave Brat and Ed Gillespie.

Nine-hundred thirty-nine thousand dollars spent to discover whether or not male fruit flies would like to consort with younger female fruit flies,” the senator said to laughter. “One hundred seventeen thousand dollars spent to determine if most monkeys are right handed and like to throw poop with their right hands.”

 

 

 

 

” And the NIH spent $2.4 million for an “Origami condom,” said Paul, who said he spared folks in the room an explanation because it was a family audience.

  Paul appeared to be referring to a project to “radically” redesign the condom for the 21st century, according to the Origami website, in part to reduce HIV transmission.

  The NIH, Paul said, now spends about $30 billion a year, up from $17 billion in 2000.

” When they say they don’t have enough money with their big cuts, look at the bottom line,” Paul said. “No money has been cut in Washington, but it’s about time we do cut money in Washington.”

 

The Hill

 

 

 

 

 

 

 

 

 

 

Prefer GOP On Seven Of 13 Election Issues; Democrats, On Just Four

 

2014 Midterm Issues: Importance and Party Advantage

 

 

” The Republicans in Congress hold significant leads over the Democrats on four of the six issues that U.S. registered voters say are most important in determining how they will vote in November: the economy, the way the federal government is working, the situation with Islamic militants in Iraq and Syria, and the federal budget deficit. Democrats, by contrast, top their Republican rivals on just one of the six: “equal pay for women.”

  These results are from a Sept. 25-30 poll in which Gallup asked registered voters to rate the importance of 13 issues to their vote for Congress, and then to indicate which party would do a better job on each issue. The accompanying graph simultaneously displays the rankings of these issues on both dimensions. The higher an issue is, the greater the Republican Party’s advantage. And the farther to the right an issue is, the more important it is to the electorate.

  The 13 issues measured in the new poll include eight that appeared in a Gallup Poll conducted in April, before the midterm campaign season came into full bloom, plus five new ones. In total, six issues were rated above the average of 69%, in terms of the percentage of voters saying they are extremely or very important to their vote:

  1. the economy (88%)
  2. the availability of good jobs (86%)
  3. the way the federal government is working (81%)
  4. the situation with Islamic militants in Iraq and Syria (78%)
  5. equal pay for women (75%) and
  6. the federal budget deficit (73%)

  On the No. 1 issue, the economy, Republicans have more than doubled their April lead over Democrats, to 11 percentage points. “

 

Read the rest at Gallup

 

 

 

 

 

 

 

 

 

 

Poll: Americans Worry _ Can Government Protect Us?

 

Govt Poll

 

Click for PDF of poll results

 

 

” Americans lack confidence in the government’s ability to protect their personal safety and economic security, a sign that their widespread unease about the state of the nation extends far beyond politics, according to the latest Associated Press-GfK poll.

  With Election Day about a month away, more than half those in the survey said Washington can do little to effectively lessen threats such as climate change, mass shootings, racial tensions, economic uncertainty and an unstable job market.

  For many of those questioned in the poll, conducted before doctors in Texas diagnosed a Liberian man with the Ebola virus, the concern starts with the economy.

  The poll found that 9 in 10 of those most likely to vote in the Nov. 4 election call the economy an extremely or very important issue. Teasdale is among those who say the slow recovery from the recession is a top concern.

  Despite improvements nationally, business is far from booming in his state, Teasdale said. He’s been supplementing his stagnant salary by renovating and renting out duplexes and has little faith the situation will improve soon. He wants government to get out of the way of business.

” If you’re putting so much restriction on them where it isn’t practical for them to expand or grow, why should they?” Teasdale asked.

  Those surveyed also pointed to events such as the protests in Ferguson, Missouri, that followed the fatal police shooting an unarmed black 18-year-old and the beheading of a woman in an Oklahoma food processing plant, apparently at the hand of a suspended co-worker.

” This is the first time I’ve felt insecure in my own country,” said Jan Thomas, 75, of Stevensville, Montana. “Especially after the beheading in Oklahoma. That’s scary.”

  The poll found that Democrats tend to express more faith in the government’s ability to protect them than do Republicans. Yet even among Democrats, just 27 percent are confident the government can keep them safe from terrorist attacks. Fewer than 1 in 5 say so on each of the other issues, including climate change.”

   Another first for the gentleman from “Hope & Change” . He’s the best friend fans of liberty have ever had , albeit unintentionally … Read the rest from AP News

One Handy Animated Infographic Shows What The U.S. Spends Our Taxpayer Money On Every Second

 

 

 

 

 

 

” PolicyMic came up with a handy infographic that shows how the U.S. spends of American taxpayer’s money: $15,700 every second.

  As you can see, there’s a lot of blinking going on, but not much ado about the U.S.’ burgeoning welfare state – and the over $17 trillion in national debt that comes with it (not to mention the roughly $100 trillion in debt liabilities). “

 

 

Read more from Kyle Becker at IJR

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

New Charts Are A Treasure Trove Of Info On What Shows Democrats And Republicans Love To Watch

 

 

 

primetime

 

 

” There are only 35 days until Election Day, and candidates across the country are racing to reach their voters and make a connection before they enter the voting booth.

  If you watch TV, you’ve seen this in the works: political ads are running fast and furious in battleground states.

  The Washington Post, with the help of the Federal Communications Commission and the Sunlight Foundation, has taken a look at which political parties buy airtime on which and what type of shows.

  We pulled every PDF filed on behalf of a senate candidate from August 1 through last week (which includes buys into October). We ran a text-recognition tool on them, divvied them up by party, and then created a script that let us search for the names of shows.”

 

 

Story continues

 

 

 

 

 

 

 

 

 

 

CIA Insider Warns: “25-Year Great Depression Is About To Strike America”

 

 

” You will want to remember this date March 26, 2015.

  According to one of the top minds in the U.S. Intelligence Community, that is when the United States will enter the darkest economic period in our nation’s history.

  An alarming pattern has caused many in the Intelligence Community to secretly prepare for a “worst-case scenario.”

  And alarmingly, he and his colleagues believe the evidence they’ve uncovered proves this outcome is impossible to avoid.

  In an exclusive interview with Money Morning, Jim Rickards, the CIA’s Financial Threat and Asymmetric Warfare Advisor, has stepped forward to warn the American people that time is running out to prepare for this $100 trillion meltdown.

” Everybody knows we have a dangerous level of debt. Everybody knows the Fed has recklessly printed trillions of dollars. These are secrets to no one,” he said.

” But all signs are now flashing bright red that our chickens are about to come home to roost.”

 

Read more

 

 

 

 

 

 

 

 

 

 

 

This Map Shows The Real Value Of 100 Dollars In Your State

 

 

 

” How far does a dollar go in your state compared to others in the United States? Thanks to the Tax Foundation’s review of Bureau of Economic Analysis data, now you know.

  A dollar doesn’t go quite as far in states like California and New York, and it goes comparatively further in states like Mississippi and South Dakota.

  The cost of living gap is amplified by federal taxes being based on the same income levels regardless of cost of living. Someone who earns $40,000 a year in Jackson, Miss., is taxed at the same federal rate as someone earning $40,000 in San Francisco, Calif.”

 

Continued

 

 

 

 

 

 

 

 

 

 

House Overwhelmingly Passes ‘Audit The Fed’ Bill

 

 

 

 

 

” The Swiss people are speaking out against their central bank. They have demanded a referendum with backing their currency with 20 percent gold and demanding return of their gold stored in the United States. Likewise, the American people are seeking restraints on the Fed—our central bank.

  The House overwhelmingly passed a bill to Audit the Fed and, if it ever becomes law, the people will demand reform of our monetary system that rewards a privileged few at the expense of the middle class and poor. This bill was passed in the House once before in 2012 while I was still a member. Fortunately the momentum continues, and thanks especially to Paul Broun of Georgia and Thomas Massie of Kentucky. It passed this time with an even greater margin—327 to 98—which was strongly bipartisan. “

 

Read more

 

 

 

 

 

 

 

 

 

At $286K, Members Of Congress Earn A Lot for How Little They Accomplish

 

 

 

 

 

” Congress has just returned from a 5-week recess to a lot of unfinished business—it has yet to send even one of the 12 spending bills due on Sept. 30 to the president’s desk.

  A new report by the Taxpayers Protection Alliance and Our Generation reveals that members of Congress take home a big paycheck for meager results in Washington. At $174,000, members of Congress make more than 95 percent of American income earners. Once generous benefits are added, members’ compensation totals $286,000 per year. And at least one member of Congress argued recently even this generous compensation package wasn’t enough—that Congress also should get a housing stipend.

  Congress’s main job is to budget. But when it comes to passing annual spending bills, members of Congress have not accomplished that in full and on time since 1997. Many were hopeful Congress would use this year’s head start into the appropriations process (Congress agreed on the spending level in December 2013, instead of April 2014) to actually meet the deadlines, but such hope has long given way to resignation. There is simply not enough time left in this fiscal year. “

 

 

Story continues

 

 

 

 

 

 

 

 

 

 

 

 

One Map To Show Where USPS Will Cut 7,000 Jobs

 

 

USPS Closings

Click Pic For Interactive Map

 

 

” USPS has already shuttered about 141 facilities during the first phase of its “network rationalization” plan, which began in 2012. Those closures generate annual cost savings of $865 million and resulted in “negligible” service impacts, according to the Postal Service.

  The new round of consolidations was originally scheduled for February 2014 but was pushed back for undisclosed reasons. The closures are part of an ongoing effort to streamline postal operations. A Senate bill introduced before USPS initially decided on the delay  would place a two-year moratorium on processing plant closures. That bill cleared committee and is awaiting a vote on the floor.

  In the absence of the Congress reaching any agreement on comprehensive legislation, Postmaster General Patrick Donahoe opted to move forward with his consolidation plan unilaterally.

  USPS did not lay off any employees as a result of the initial consolidations, instead relying on employee relocations and attrition measures. The agency has promised to again follow that blueprint.”

 

Read more

 

 

 

 

 

 

 

 

 

 

Higher Fast-Food Wages: Higher Fast-Food Prices

 

 

 

 

 

 

” Union activists want to raise the minimum wage in the fast-food industry to $15 an hour. However, fast-food restaurants operate on very small profit margins; they could only afford such wages by raising prices—significantly. Higher prices would, in turn, drive customers away, forcing even larger price increases to cover costs. Ultimately, the average fast-food restaurant would have to raise prices by nearly two-fifths. This would cause sales to drop by more than one-third, and profits to fall by more than three-quarters. Absent the widespread adoption of labor-saving technology, the union-led “Fight for 15” would make fast food much more expensive for Americans.

Fight for 15

  The Service Employees International Union (SEIU) has launched an expensive PR campaign calling for wages of at least $15 an hour in the fast-food industry. This Fight for 15 is part of a larger SEIU pressure campaign to unionize fast-food restaurants.[1] Hundreds of union activists have staged “walkouts” and protests across the country demanding the higher pay rate. These protests have attracted considerable media attention. However, if the SEIU achieved its stated goal, it would hurt the budgets of millions of moderate-income Americans.

No, Fast-Food Joints Cannot Absorb Cost Increases

  Artificially inflating wages would substantially increase fast-food restaurants’ total costs—labor makes up a considerable portion of their budget. Chart 1 shows the financial statements of the average fast-food restaurant in 2013. Labor costs (26 percent) and food and material costs (31 percent) make up the majority of the typical restaurant budget.

The Bureau of Labor Statistics reports the average cook in a fast-food restaurant earned $9.04 an hour in 2013.[2] The SEIU’s push for $15 an hour would consequently raise fast-food wages by at least 66 percent. Paying $15 an hour would raise fast-food restaurants’ total costs by approximately 15 percent.[3] “

 

 

    As usual the costs of this proposed feel good legislation would be borne on the backs of those least able to afford it , the lower and middle income segments of society and not the well-to-do do-gooders pushing the measure .

 

 

” The higher labor costs would initially force fast-food restaurants to raise their prices by 15 percent, which would drive down sales by 14 percent. This would force restaurants to raise prices again, pushing sales down further. In equilibrium the average fast-food restaurant would have to raise prices 38 percent.[10] Prices would rise roughly twice as much as the initial increase in labor costs.[11] Total sales and hours worked would both fall by 36 percent. Fast-food restaurant owners would also have to accept a 77 percent reduction in profits in order to stay in business—leaving them with an average profit of just $6,100 a year per store. Otherwise they would have to raise prices to an extent that would drive away their customer base.

  These changes would hurt consumers. Americans would face higher fast-food prices, putting a dent into the budgets of everyone who frequently eats fast food—primarily moderate-income consumers, not the wealthy, who do not regularly eat fast food.”

 

 

James Sherk and Heritage show the impact of a $15 wage for the unskilled .

 

 

 

 

 

 

 

 

 

 

 

 

At $139 Million, Newly Listed Florida Home Is Most Expensive In U.S.

 

 

 

 

” Making a grand splash on the Multiple Listing Service this week is a Hillsboro Beach, Fla., mansion that, at $139 million, is the most expensive home publicly listed for sale in the United States.

  Currently under construction, the palatial estate known as Le Palais Royal draws inspiration from the Palace of Versailles with gold leafing, stone walkways, balconies and six fountains.”

 

 

 

 

 

 

” Entered through a vaulted foyer, the residence centers on a sweeping, $2-million staircase cased in steel-iron and gold leaf. Among the more opulent features are an Imax home theater, a 1,300-gallon aquarium and a subterranean garage with parking for 30 vehicles.

  The second-floor presidential suite comes complete with private outdoor terrace with a plunge pool while three additional master suites sport Jacuzzis with ocean views.  In all, the mansion touts 11 bedrooms and 17 bathrooms in 60,000 square feet of living space.”

 

 

 

 

 

 

” Set beneath a 12-foot cascading waterfall, an infinity edge pool features an LED-lit water slide, fire pit and swim-up bar. Above the waterfall is a Jacuzzi. Designed for year-round enjoyment, an entertainer’s courtyard includes a summer kitchen, a pizza oven, an outdoor lounge and an entrance to an indoor spa and massage rooms.

  For the mega-yacht owner, Le Palais Royal boasts a 492-foot dock capable of accommodating seafaring vessels up to 185 feet in length. Occupying four acres on Millionaires Mile, the estate also includes 465 feet of private beachfront and is slated for completion in 2015. “

 

 

 

   If sold for the asking price , this amazing private residence would surpass the recent purchase price of Copper Beech Farm in Connecticut but still come up short of this property on Further Lane in Amagansett , NY by six million dollars .

 

 

Read more at LA Times

 

 

 

 

 

 

 

 

 

 

During Obama’s Presidency, National Debt Has Grown by $61K Per Household

 

 

 

 

 

” You may have heard pundits time and time again dismiss America’s debt problem, touting that the deficit has fallen by 50 percent since 2009.

Yet that sidesteps the real issue: the massive amount of debt the country has taken on in the past six years has put the nation in a vulnerable position as entitlement spending is set to take off and big-spending policies continue to pile on debt. Indeed, the United States has added $7.06 trillion of debt since President Obama took office—far more than under any previous president. “

 

Read more and weep

 

 

 

 

 

 

 

 

 

 

Weather Channel Founder Explains The History Of The Global Warming Hoax

 

 

 

 

” John Coleman, an award-winning meteorologist and weatherman with sixty years of experience and founder of the Weather Channel, produced a video explaining the history of the man-made global warming hoax .

  Coleman, a former broadcast meteorologist of the year of the American Meteorological Society (AMS), explains that after being a member for several years, he quit the AMS after it became very clear to him that “the politics had gotten in the way of the science.” Coleman explains that there is no man-made global warming, and he’s sure of it. 

  Coleman says that if there were evidence of man-made global warming, he would have been dedicated his life to stopping it: 

“ I love our wonderful planet Earth. If I thought it was threatened by global warming, I would devote my life to stopping the warming!”

  Now they call it “climate change” instead of global warming, because the warming has stopped, says Coleman, and that $4.7 billion in taxpayer money is funding “bogus reports” and “bogus research.”  “

TPNN

What Are The Online Shopping Habits Of The People In Your State?

 

 

ebay1

 

 

 

 

” Kentuckians really, really love their medical supplies and equipment, while Iowans like their small appliances – at least according to a new infographic compiled by online shopping mecca eBay.

  According to Mashable, eBay analyzed 2013-2014 shopping habits to find the top 500 brands purchased by residents of each state. The online retailer then condensed the data to general categories like “furniture,” “robotic vacuums,” and “batteries” among others.”

 

Glenn Beck

 

 

 

 

 

 

 

 

 

 

 

 

Soros, Steyer Spend Big In Bid To Rescue Democrats’ Majority

 

 

 

 

” Super PACs spent July beefing up for the fall campaign. Many groups filed new disclosure reports this week, leaving a paper trail littered with big checks from big names.

  Democrats dominate the list of notable July donors, as there have simply been more Democratic dollars flowing to that type of outside group this year. There’s still plenty of conservative money out there; it’s just that more of it is going toward nonprofits, which don’t have to disclose their donors. Here are a handful of July super PAC donations that stood out.

  STEYER: Climate-change activist Tom Steyer gave the biggest super PAC donation in this month’s reports: $7.5 million to his own group, NextGen Climate. Steyer, who made his fortune as a successful hedge-fund manager, also spread some of that money around. NextGen gave a half-million dollars to Senate Majority PAC, the biggest Senate Democratic super PAC, and $150,000 to the League of Conservation Voters Victory Fund, another environmental group.

  BLOOMBERG: Michael Bloomberg is staying plenty active in his post-mayoral days. Aside from funding his gun-control-focused super PAC, Bloomberg has written checks to Senate Majority PAC and super PACs that backed GOP Sens. Thad Cochran and Lindsey Graham during their primary battles. Most recently, the former New York City mayor donated $2 million to Women Vote!—the largest contribution the EMILY’s List super PAC has ever received. Only Steyer has given more money to super PACs this election season.

  SOROS: Democratic financier George Soros’s checkbook has been active this summer: The prolific donor gave $500,000 apiece to House Majority PAC and the League of Conservation Voters Victory Fund. But that million dollars wasn’t his family’s only big outlay so far this summer. Soros’s daughter, Andrea Soros Colombel, gave $250,000 to Planned Parenthood Votes.

  SINGER: Hedge-fund manager Paul Singer is the top super PAC donor on the Republican side so far this election cycle, and he kept the money flowing last month. The Elliott Management founder dished out $750,000 to the conservative super PAC Ending Spending Action Fund, which has spent a total of nearly $4.5 million in five different races in 2014. Singer also gave $100,000 to the GOP’s best-known spending juggernaut, American Crossroads. Singer has now contributed a total of $1.4 million to Ending Spending and $1.35 million to Crossroads this cycle.

  MOSTYN: Amber Mostyn is half of Texas’s biggest Democratic power couple. The Houston lawyer and her husband Steve were among Democrats’ biggest super PAC donors in 2012, when the The New York Times Magazine used the story of the Mostyns’ $1 million gift to Priorities USA Action to explain the role and rise of the pro-Obama super PAC. In July, Amber Mostyn gave $250,000 to the Planned Parenthood super PAC, matching the quarter-million she gave the committee in 2013.

  BERGMAN: After giving $1 million to American Crossroads in 2012, Jay Bergman, the owner of Illinois-based Petco Petroleum, remained relatively quiet on the outside-money front. But In July, he ponied up to Crossroads again, cutting a $500,000 check to the super PAC. Bergman gives mostly to Republicans. But he casts himself as an “independent,” and he’s contributed to Illinois Democratic Gov. Pat Quinn and his predecessor, Rod Blagojevich, in the past.

  SABAN: Billionaire Univision owner Haim Saban has already pledged his “full might” to Hillary Clinton if she runs for president in 2016, but he’s keeping busy in the meantime. Saban gave $250,000 to Senate Majority PAC in July.

  SCHMIDT: Another $250,000 donation came to Senate Majority PAC via Google Chairman Eric Schmidt. Unlike most of the donors on this list, Schmidt eschewed super PACs in 2012, but this is his second major contribution of 2014. Back in June, Schmidt gave $100,000 to the super PAC formed to support Democratic Sen. Mark Warner’s reelection in Virginia this year.

 ANGELOS: Other Democratic donors may have given more money than the $100,000 Senate Majority PAC got from the Law Offices of Peter Angelos. But few other donors have jobs as cool. When he’s not financing Democratic super PACs, Angelos can be found bankrolling free agent signings as the owner of the Baltimore Orioles.

  OTHER PACS: Some of the biggest donations made in July went from one PAC to another. In addition to the donations Steyer’s group made, Senate Majority PAC also contributed $350,000 to the League of Conservation Voters super PAC last month. And two of the biggest donations to House Majority PAC came from the Blue Dog PAC and the New Democrat Coalition PAC, two groups representing moderate or conservative House Democrats. They combined to give $350,000 to House Majority PAC.”

 

Party of the “little people” indeed …

 

Thanks to National Journal

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Census Bureau: One New Migrant Enters U.S. Every 40 Seconds

 

 

Populous Nations

 

 

 

” The Census Bureau calculates that one person enters the United States legally, on net, every 40 seconds.

  The Census Bureau’s U.S. and World Population Clock lists  “components of population change” on the website: “one birth every 7 seconds;” “one death every 13 seconds;” “one international migrant (net) every 40 seconds;” making for a “net gain of one person every 12 seconds.”

  The Census provides some background on the immigration debate in the United States on August 3rd, apropos of the 131st anniversary of the law banning people from immigrating to the United States if they were likely to need government assistance. “

 

The Corner

 

 

 

 

 

 

 

 

 

 

Fed Appeals Court Panel Says Most Obamacare Subsidies Illegal

 

 

Obamacare Subsidies Illegal

 

 

 

” In a potentially crippling blow to Obamacare, a federal appeals court panel declared Tuesday that government subsidies worth billions of dollars that helped 4.7 million people buy insurance on HealthCare.gov are illegal.

  The 2-1 ruling said such subsidies can be granted only to people who bought insurance in an Obamacare exchange run by an individual state or the District of Columbia—not on the federally run exchange HealthCare.gov. The ruling relied on a close reading of the Affordable Care Act.”

 

 

 

CNBC can find no way to spin this crushing blow to Obamacare …

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Fishhound’s Catch of the Day is the easiest way to get an amazing deal on the items you need! You get a great deal and we get some product reviews. We all win! “

This Eye-Opening Map Shows The Reason Gas Is More Expensive In Some States Than Others

 

   This map shows why the cost of gasoline is so high and why there is so much variation from state to state . The simple answer is , of course , taxes , both state and federal . Click on the map below to go to the interactive page that will give the reader specific details for each individual state and bear in mind that , even as the Statists demonize the oil industry as some sort of price-gouging profiteers , that the various government entities make more from the sale of a gallon of gas than do the evil energy producers .

 

 

Gas Taxes By State

Click Map For Interactive Link

 

 

” The federal excise tax is 18.4 cents per gallon, and the rest of the taxes are particular to each state and vary greatly around the country.

  The two states with the biggest taxes: New York at $0.505 and California at $0.4978. The two states with the lowest taxes: Alaska at $0.124 and New Jersey at $0.145.

  Expressed as a percentage, based upon current prices which are $3.678 as averaged across the nation, the price for a gallon of gas breaks down like this:

  • 10% for refining costs and profits
  • 10% for transportation and retailing costs and profits
  • 13% for taxes and fees
  • 67% for crude oil

  One thing to notice: The total costs and profits for everything except the oil is just slightly larger than the amount that goes to state and federal taxes.”

 

 

Here is a bit more perspective on those “massive profits” raked in by “Big Oil” …

 

 

 

 

 

 

” ExxonMobil’s earnings are from operations in more than 100 countries around the world. The part of the business that refines and sells gasoline and diesel in the United States represents less than 3 percent – or 3 cents on the dollar – of our total earnings. For every gallon of gasoline, diesel or finished products we manufactured and sold in the United States in the last three months of 2010, we earned a little more than 2 cents per gallon. That’s not a typo. Two cents.”

 

 

 

As the astute reader can easily ascertain , the only “price gouger” in the energy business is the State .

 

 

 

 

 

 

 

 

 

 

Why You Feel Poorer

 

 

costoflivingxpenses-7-1-14

 

 

 

 

” You feel poorer because you are poorer.

  In the last fourteen years, has your income increased over 50%? If you think it has, has it done so after taxes? Even if it has, you likely have not kept up in terms of inflation.

  If you are a retiree, living on fixed income, a pension or bonds, you certainly have become poorer. If you had bought the Dow-Jones on 12/31/1999 you would have entered at about 11,500. It closed last week at less than 17,100. That would have been an appreciation of 6,600, better than 50%. But, of course, that was before taxes.

  As a retiree, you have seen your purchasing power stolen by Fed policies. Whether you invested in fixed income or equities, you lost ground. Anyone in that position has seen their lives become poorer despite a lifetime of successful work and careful financial planning.”

 

 

    As it stands now , no matter how hard you work and save , you’ll never get ahead , not with the present monetary policies put in place at the behest of the Fed and the government . The authorities are systematically destroying all that the American public has worked so hard to attain . The American dream is not being killed by China … It is a victim of filicide

 

 

” For those still working, most are losing purchasing power each year. Wages are not keeping up with inflation, even the understated numbers reported by government. In short, the decline of a once-great economic power is well underway. The country is no longer growing enough to raise everyone’s standard of living.

  Government has killed the golden goose and in an attempt to hide the obvious is debauching the dollars. Government tries to hide their own failure with phony statistics and a welfare state designed to placate the masses. Bread and circuses are deceptions not progress.”

 

 

Read the rest

 

 

 

 

 

 

Christine Lagarde – The Most Dangerous Woman In The World

 

 

 

 

 

” I have gone on record that the most dangerous organization is the now French led IMF with Christine Lagarde at the helm, which has presented a concept report that debt cuts for over-indebted states are uncompromising and are to be performed more effectively in the future by defaulting on retirement accounts held in life insurance, mutual funds and other types of pension schemes, or arbitrarily extending debt perpetually so you cannot redeem. Yes you read correctly, The new IMF paper is described in great detail exactly how to now allow the private sector, which has invested in government bonds,  to be expropriated to pay for the national debts of the socialist governments.

  I have been warning that there is an idea that has been running around behind the curtain that the national debt of the USA could be settled by usurping all pension funds in the country. Here is a remarkable blueprint that throws all previous considerations concerning the purchase of government bonds over the cliff. The IMF working paper from December 2013 states boldly:

 

“ The distinction between external debt and domestic debt can be quite important. Domestic debt issued in domestic currency typically offers a far wider range of partial default options than does foreign currency–denominated external debt. Financial repression has already been mentioned; governments can stuff debt into local pension funds and insurance companies, forcing them through regulation to accept far lower rates of return than they might otherwise demand.”

  People are blind. They think this is authorization to go get the rich. They are going after everyone for the “rich” are tiny players in the game. People do not want to hear that. They want to think the rich can pay the bills for everyone else. That is not practical and even Julius Caesar recognized that they may be a small group, but they are the engine of the economy that creates jobs. It would have been popular for him to wipe out all the rich who he was against. But in the end, he had to solve the debt crisis by simply retroactively attribute all interest to capital in order to solve the debt crisis that led to the first civil war.”

 

Armstrong Economics

 

 

 

 

 

 

 

 

 

 

The Map With Only 38 States

 

 

 

” In 1973, California State University geography professor George Etzel Pearcy suggested that the U.S. redraw its antiquated state boundaries and narrow the overall number of states to 38.

  Pearcy’s proposed state lines were drawn in less-populated areas, isolating large cities and reducing their number within each state. He argued that if there were fewer cities vying for a state’s tax dollars, more money would be available for projects that would benefit all citizens.

  Because the current states were being chopped up beyond recognition, part of his plan included renaming the new states by referencing natural geologic features or the region’s cultural history.

  While he did have a rather staunch support network—economists, geographers, and even a few politicians argued that Pearcy’s plan might be crazy enough to work—the proposal lost steam in Washington. Imagine all the work that would have to be done to enact Pearcy’s plan: re-surveying the land, setting up new voter districts, new taxation infrastructure—basically starting the whole country over. It’s easy to see why the government balked (though that doesn’t mean it was a bad idea).”

 

Mental Floss

 

 

 

 

 

 

 

 

 

 

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