Category: Taxation


Obama’s DHS Spent Nearly $150M On Office Furniture And Makeovers

 

 

 

 

” Funding for the Department of Homeland Security (DHS)—which is due to expire at the end of this week unless an agreement in Washington is reached—has continued to rise under President Barack Obama. His administration claims the agency’s increased funding is necessary to protect the homeland, but records show that the DHS has continued to increase its spending on furniture and office makeovers as its budget has been increased.

  A review of records on the official government spending website by the Washington Free Beacon shows the agency has spent nearly $150 million on office furniture and makeovers since Obama took office. Those fiscal years for which he has been responsible and whose budgets have been enacted are FY2010 through 2014.

“ The FY 2015 Budget reflects the Administration’s strong commitment to protecting the homeland and the American people through the effective and efficient use of DHS resources, continuing the focus on preserving frontline priorities across the Department by cutting costs, sharing resources across Components, and streamlining operations wherever possible,” the administration’s request states.

  Each year under Obama the administration, DHS funding has increased. The FY 2015 budget request is $60.9 billion, compared with FY 2014’s budget of $60.7 billion. In fiscal year 2013, the DHS budget was $59.2 billion. By contrast, President George W. Bush’s last budget for DHS for FY 2009 was $52.5 billion.

  Records show that the DHS spent $147.7 million on furniture for FY 2010 through 2014.”

 

Much more on the obscene spending at DHS from the Free Beacon

 

 

 

 

 

 

 

 

 

 

 

 

 

The Economy’s Worst 8-Year Run In 62 Years

 

8yearGDPgrowthPostWW2to2014

 

 

 

” A couple of publications have noted that 2014 was the ninth consecutive year during which the U.S. economy grew by less than 3 percent.

  They’re being too kind. Last year was the eighth year in a row of sub-2.5 percent growth, following four straight years (2003-2006) of higher growth.

  It’s hardly a coincidence that the first year of that awful 2007-2014 streak just so happens to have been the same year that the Democratic Party took legislative control in Washington.

  The nation’s political and media elites were quite pleased with themselves when the November 2006 elections brought about that result, largely because their daily hostility to all things Republican and/or conservative contributed mightily to it. They were absolutely ecstatic when Barack Obama, Mr. Perfectly Creased Pants, won the November 2008 presidential election and took office in January 2009.

  As will be seen shortly, the former event marked the beginning of the U.S. economy’s worst eight-year stretch since 1945-1952. Obama’s presence in the Oval Office until January 2017 virtually ensures that we’ll have at least two more years of the policies which brought on that miserable result.”

 

Read on at PJMedia

 

 

 

 

 

 

 

 

 

 

 

Biden: Middle Class ‘In Worst Shape Since 1920′, Is Currently ‘Being Killed’

 

 

 

     Who do you suppose is responsible for the death of the middle class Joe ? I’ll give you a hint , only one pair of Bozo’s have been in charge for the past half dozen years .

There’s a campaign slogan for the Democrats … “We’re number 27″ … run Joe , run …

Southern Tier Towns Looking To Cut NY Ties

 

 

Southern Tier Secession

 

 

 

” The local economy is pushing one organization in Upstate New York to pose a question: Is it possible to secede to Pennsylvania?

  The Upstate New York Towns Association is researching this very topic. The group says a few factors pushing its research are high property taxes, low sales tax revenue and the recent decision to ban hydraulic fracturing in New York.

” The Southern Tier is desolate,” said Conklin Town Supervisor Jim Finch (R). “We have no jobs and no income. The richest resource we have is in the ground.”

  Finch said the ground in Conklin is rich with natural gas in the Marcellus Shale. However, that shale is unable to be tapped. He described this ban as a violation of his natural rights as a property owner.

  There are 15 towns interested in the secession, according to the Towns Association. These towns are in Broome, Delaware, Tioga and Sullivan counties. The association declined to name the towns without their permission and also declined to comment on specifics at this time. As of now, research is ongoing. The group will be updating Action News with all of their findings in the coming weeks.

  The association said it’s comparing taxes and the cost of doing business in the two states. It says the facts show there is a huge difference between the two. “

 

 

Read more on the legacy of Andy Cuomo and the democrat’s iron grip on state politics .

 

 

 

 

 

 

 

 

 

 

US Charges Iowa Widow Over How She Deposited Husband’s Cash

 

 

 

” An Iowa widow is charged with a crime and had nearly $19,000 seized from her bank after depositing her late husband’s legally earned money in a way that evaded federal reporting requirements.

  Janet Malone, 68, of Dubuque, is facing civil and criminal proceedings under a law intended to help investigators track large sums of cash tied to criminal activity such as drug trafficking and terrorism. But some members of Congress and libertarian groups have complained that the IRS and federal prosecutors are unfairly using it against ordinary people who deposit lawfully obtained money in increments below $10,000.

  At issue is a law requiring banks to report deposits of more than $10,000 cash to the federal government. Anyone who breaks deposits into increments below that level to avoid the requirement is committing a crime known as “structuring” — whether their money is legal or not.

  The IRS has increasingly used civil forfeiture proceedings to seize money from individuals and small businesses suspected of structuring violations, according to a review by the Institute for Justice, a libertarian group. The agency seized $242 million in 2,500 cases from 2005 to 2012 — a third of which arose from nothing more than cash transactions under $10,000. Nearly half was returned after owners challenged the action, often a year later.”

 

Story continues

 

 

 

 

 

 

 

 

 

 

 

 

Record 3,415 Americans Give Up Citizenship

 

 

 

 

” While politicians are focused on all the foreigners who want to become Americans, perhaps they should consider all the Americans who are becoming foreigners.

  According to the latest data from the Treasury Department, spotted by Andrew Mitchel at the International Tax Blog, a record 3,415 Americans renounced their citizenship in 2014. That was up from the 2,999 in 2013 and more than triple the number for 2012.

  You can read the list of individuals who renounced here. “

 

Read more

 

 

 

 

 

 

 

 

 

 

 

An Email From A Friend

 

 

 

 

” Tina Griego is (was) a Free-Lance reporter for the Denver Post . She writes some really good stuff and she is a strong advocate for LEGAL immigration … Homework on issues is part of her make-up and fabric …

What if they left?

  Somebody really did their homework on this one.  Best on the subject to date.  It does not have a political slant to it, it’s just the facts:  Not Democratic, not Republican, not liberal and not conservative.

What if 20 Million Illegal Aliens Vacated America?

 

  I, Tina Griego, journalist for the Denver Rocky Mountain News wrote a column titled, “Mexican Visitor’s Lament.” 

  I interviewed Mexican journalist Evangelina Hernandez while visiting Denver last week.  Hernandez said, “Illegal aliens pay rent, buy groceries, buy clothes.  What happens to your country’s economy if 20 million people go away?”

 

Hmmm, I thought, what would happen? 

So I did my due diligence, buried my nose as a reporter into the FACTS I found below.

  It’s a good question… it deserves an honest answer.  Over 80% of Americans demand secured borders and illegal migration stopped.  But what would happen if all 20 million or more vacated America?  The answers I found may surprise you!

 

  In California, if 3.5 million illegal aliens moved back to Mexico, it would leave an extra $10.2 billion to spend on overloaded school systems, bankrupt hospitals and overrun prisons.  It would leave highways cleaner, safer and less congested.  Everyone could understand one another as English became the dominant language again. 

  In Colorado, 500,000 illegal migrants, plus their 300,000 kids and grandchildren would move back “home,” mostly to Mexico.  That would save Colorado an estimated $2 billion (other experts say $7 billion) annually in taxes that pay for schooling, medical, social-services and incarceration costs.  It means 12,000 gang members would vanish out of Denver alone. 

Colorado would save more than $20 million in prison costs, and the terror that those 7,300 alien criminals set upon local citizens.  Denver Officer Don Young and hundreds of Colorado victims would not have suffered death, accidents, rapes and other crimes by illegals.

  Denver Public Schools would not suffer a 67% dropout/flunk rate because of thousands of illegal alien students speaking 41 different languages.  At least 200,000 vehicles would vanish from our gridlocked cities in Colorado.  Denver’s 4% unemployment rate would vanish as our working poor would gain jobs at a living wage. 

  In Florida, 1.5  million illegals would return the Sunshine State back to America, the rule of law, and English.

  In Chicago, Illinois, 2.1 million illegals would free up hospitals, schools, prisons and highways for a safer, cleaner and more crime-free experience. 

  If 20 million illegal aliens returned ‘home,’ the U.S.  Economy would return to the rule of law.  Employers would hire legal American citizens at a living wage.  Everyone would  pay their fair share of taxes because they wouldn’t be working off the books.  That would result in an additional $401 billion in IRS income taxes collected annually, and an equal amount for local, state and city coffers.

  No more push ‘1’ for Spanish or ‘2’ for English.  No more confusion in American schools that now must contend with over 100 languages that degrade the educational system for American kids.  Our overcrowded schools would lose more than two million illegal alien kids at a cost of billions in ESL and free breakfasts and lunches. 

  We would lose 500,000 illegal criminal alien inmates at a cost of more than $1.6 billion annually.  That includes 15,000 MS-13 gang members who distribute $130 billion in drugs annually would vacate our country. 

  In cities like L.A., 20,000 members of the ’18th Street Gang’ would vanish from our nation.  No more Mexican forgery gangs for ID theft from Americans!  No more foreign rapists and child molesters! 

  Losing more than 20 million people would clear up our crowded highways and gridlock.  Cleaner air and less drinking and driving American deaths by illegal aliens!

  America’s economy is drained.  Taxpayers are harmed.  Employers get rich.  Over $80 billion annually wouldn’t return to the aliens’ home countries by cash transfers.  Illegal migrants earned half that money untaxed, which further drains America’s economy which currently suffers an $8.7 trillion debt.  $8.7 trillion debt!!! 

  At least 400,000 anchor babies would not be born in our country, costing us $109 billion per year per cycle.  At least 86 hospitals in California, Georgia and Florida would still be operating instead of being bankrupt out of existence because illegals pay nothing via the EMTOLA Act.  Americans wouldn’t suffer thousands of TB and hepatitis cases rampant in our country – brought in by illegals unscreened at our borders. 

  Our cities would see 20 million less people driving, polluting and grid locking our cities.  It would also put the ‘progressives’ on the horns of a dilemma; illegal aliens and their families cause 11% of our greenhouse gases. 

  Over one million of Mexico’s poorest citizens now live inside and along our border from Brownsville, Texas, to San Diego, California, in what the New York Times called, ‘colonias’ or new neighborhoods.  Trouble is, those living areas resemble Bombay and Calcutta where grinding poverty, filth, diseases drugs, crimes, no sanitation and worse.  They live without sewage, clean water, streets, roads, electricity, or any kind of sanitation.

  The New York Times reported them to be America’s new ‘Third World’ inside our own country.  Within 20 years, at their current growth rate, they expect 20 million residents of those colonias.  (I’ve seen them personally in Texas and Arizona; it’s sickening beyond anything you can imagine.) 

  By enforcing our laws, we could repatriate them back to Mexico.  We should invite 20 million aliens to go home, fix their own countries and/or make a better life in Mexico.  We already invite a million people into our country legally annually, more than all other countries combined.  We cannot and must not allow anarchy at our borders, more anarchy within our borders and growing lawlessness at every level in our nation.

 

It’s time to stand up for our country, our culture, our civilization and our way of life. 

Interesting Statistics!

  Here are 14 reasons illegal aliens should vacate America, and I hope they are forwarded over and over again until they are read so many times that the reader gets sick of reading them:

 

  1. $14 billion to $22 billion dollars are spent each year on welfare to illegal aliens (that’s Billion with a ‘B’)  < <http://tinyurl.com/zob77.html> http://tinyurl.com/zob77.html>

 

  1. $7.5 billion dollars are spent each year on Medicaid for illegal aliens.   < <http://www.cis.org/articles/2004/fiscalexec.html> http://www.cis.org/articles/2004/fiscalexec.html>

 

  1. $12 billion dollars are spent each year on primary and secondary school education for children here illegally and they  still cannot speak a word of English! < <http://transcripts.cnn.com/TRANscriptS/0604/01/ldt.01.html> http://transcripts.cnn.com/TRANscriptS/0604/01/ldt.01.html>

 

  1. $27 billion dollars are spent each year for education for the American-born children of illegal aliens, known as anchor babies. < <http://transcripts.cnn.com/TRANscriptS/0604/01/ldt.01.html> http://transcripts.cnn.com/TRANscriptS/0604/01/ldt.01.html>

 

  1. $3 Million Dollars ‘PER DAY’ is  spent to incarcerate illegal aliens.  That’s $1.2 Billion a year. < <http://transcripts.cnn.com/TRANscriptS/0604/01/ldt.01.html> http://transcripts.cnn.com/TRANscriptS/0604/01/ldt.01.html>

 

  1. 28% percent of all federal prison inmates are illegal aliens .< <http://transcripts.cnn.com/TRANscriptS/0604/01/ldt.01…html> http://transcripts.cnn.com/TRANscriptS/0604/01/ldt.01…html>

 

  1. $190 billion dollars are spent each year on illegal aliens for welfare & social services by the American taxpayers.  < <http://transcripts.cnn.com/TRANscriptS/0610/29/ldt.01.html> http://transcripts.cnn.com/TRANscriptS/0610/29/ldt.01.html>

 

  1. $200 billion dollars per year in suppressed American wages are caused by the illegal aliens. <http://transcripts.cnn.com/TRANscriptS/0604/01/ldt.01.HTML> http://transcripts.cnn.com/TRANscriptS/0604/01/ldt.01.HTML

 

  1. The illegal aliens in the United States have a crime rate that’s two and a half times that of white non-illegal aliens.  In particular, their children, are going to make a huge additional crime problem in the US. < <http://transcripts.cnn.com/TRANscriptS/0606/12/ldt.01.html> http://transcripts.cnn.com/TRANscriptS/0606/12/ldt.01.html>

 

  1. During the year 2005, there were 8 to 10 MILLION illegal aliens that crossed our southern border with as many as 19,500 illegal aliens from other terrorist countries.  Over 10,000 of those were middle-eastern terrorists.  Millions of pounds of drugs, cocaine,  meth, heroin, crack, guns, and marijuana crossed into the U.S. from  the southern border.  < <http://tinyurl.com/t9sht> http://tinyurl.com/t9sht<; <http://tinyurl.com/t9sht> http://tinyurl.com/t9sht>

 

  1. The National Policy Institute, estimates that the total cost of mass deportation would be between $206 and $230 billion, or an average cost of between $41 and $46 billion  annually over a five year period.  < <http://www.nationalpolicyinstitute.org/publications.php?b=deportation> http://www.nationalpolicyinstitute.org/publicationsphp?b=deportation>

 

  1. In 2006, illegal aliens sent home $65 BILLION in remittances back to their countries of origin, to their families and friends.  < <http://www.rense.com/general75/niht.htm> http://www.rense.com/general75/niht.htm>

 

  1. The dark side of illegal immigration:  Nearly one million sex crimes are committed by illegal immigrants in the United States!  < <http://www.drdsk.com/articleshtml> http://www.drdsk.com/articleshtml>

 

Total cost a  whopping $538.3 BILLION DOLLARS A YEAR ! 

If this doesn’t bother YOU, then just delete the message.  Otherwise, forward this to everyone YOU know!

Are you crying or laughing ? “

 

 

    While we seem to be a little behind the times seeing as how this commentary was published years ago , we felt that it was worth repeating . Although we were unable to track down a link to the original article it has been published on an endless number of blogs and websites over the past few years .

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

‘Amnesty Bonuses’ In Tax Code: Illegal Immigrants To Receive Earned Income Tax Credit

 

 

 

” President Barack Obama has promoted his recent executive action on immigration by arguing that he’s only deferring action – holding off on enforcement of the current immigration laws until an immigration reform he approves of passes Congress. But that’s not really true; in fact there’s a way for illegal immigrants immediately to receive “amnesty bonuses,” as Senator Ben Sasse of Nebraska terms it.

  Here’s how. A recent Homeland Security Committee hearing on immigration revealed an alarming consequence of President Obama’s executive amnesty—that illegal immigrants with deferred status may be able to receive the Earned Income Tax Credit (EITC). Moreover, this person, who is here in the U.S. unlawfully, could be able to file an amended tax return for up to the last three tax years, possibly receiving upwards of $24,000 in tax credits.

  The discovery was made by Eileen J. O’Connor, a tax lawyer and the former head of the tax division of the United States Department of Justice, who used her congressional testimony in front of the Senate Homeland Security Committee to explain it. “The law makes a social security number a requirement of eligibility to receive the earned income credit,” O’Connor explained

“ By offering illegal aliens new payments under the Earned Income Tax Credit, the IRS may encourage fraud from those claiming children living in other countries. The Administration may have blown open the doors for fraud with amnesty bonuses of more than $24,000 to those who receive deferred action,” Sasse says in the statement.

“ This is basic economics: if you want more of something, you subsidize it. By subsidizing illegal entry with four years’ worth of new tax credits, the IRS would promote lawlessness. This program severely undermines the White House’s lip-service to enforcing the law and would increase the burden on law-abiding taxpayers.” “

 

Read more

 

 

 

 

 

 

 

 

 

 

 

 

Libertarianism Is On The Verge Of A Political Breakout

 

 

 

 

 

” The spotlight on Rand Paul may help more Americans fully embrace their libertarian ideals

  Rand Paul’s leadership in the Senate – on the budget, regulation, privacy, criminal justice, and foreign policy – and his likely presidential campaign are generating new attention for libertarian ideas.

“ Libertarianism is hot,” headlined the Washington Post in 2013. From an almost-forgotten part of American political culture, libertarianism has grown into a respected and much-discussed political faction and a compelling set of ideas that challenge the conventional wisdom. Tens of millions of Americans are fiscally conservative, socially tolerant, and skeptical of American military intervention.”

 

 

 

 

 

” The growth of the libertarian movement is a product of two factors: the spread of libertarian ideas and sentiments, and the expansion of government during the Bush and Obama administrations, particularly the civil liberties abuses after 9/11 and the bailouts and out-of-control spending after the financial crisis. As one journalist noted in 2009, “The Obama administration brought with it ambitions of a resurgence of FDR and LBJ’s active-state liberalism. And with it, Obama has revived the enduring American challenge to the state.” “

 

 

Now we come to the heart of the matter …

 

 

” In studies that David Kirby and I have published at the Cato Institute on “the libertarian vote,” we have found that only 2 to 4 percent of Americans say that they’re libertarian when asked. But 15 to 20 percent – 30 to 40 million Americans – hold libertarian views on a range of questions. The latest Gallup Governance Survey finds 24 percent of respondents falling into the libertarian quadrant, matching the number of conservatives and liberals and up from 17 percent in 2004 and 23 percent in 2008. And when asked in a Zogby poll if they would define themselves as “fiscally conservative and socially liberal, also known as libertarian,” fully 44 percent of respondents – 100 million Americans – accept the label.”

 

 

 

 

 

   This is America’s innate “live and let live” attitude reasserting itself after being partially extinguished by several generations of all-encompassing Statist media , education , entertainment and public policies .

   After all , there is no political tradition older nor more ingrained into the American psyche than the spirit of libertarianism , and fifty years of historical revisionism on the part of the establishment forces allied in the perpetuation of the Leviathan state have failed in snuffing it out the spark of independence .  

Read the rest of David Boaz’s commentary

 

 

 

 

 

 

 

 

 

 

 

 

Obama To Propose $3.99 Trillion Budget

 

 

 

 

 

” President Obama is unveiling a $3.99 trillion budget that is “designed to bring middle class economics into the 21st Century,” the White House announced Monday.

  The proposed budget “invests in helping working families make their paychecks go further, preparing hardworking Americans to earn higher wages, and creating the infrastructure that allows businesses to thrive and create good, high-paying jobs,” the White House said in a statement.

  To pay for new tax credits and other programs involving education, child care, paid leave, and new road and bridge construction, the budget calls for tax hikes on wealthier Americans by closing certain loopholes.

  Congressional Republicans said the president’s proposals — many of which leaked out in advance of Monday’s announcement — involve too many tax hikes and high-spending programs.”

 

 

Here are just a few of the goodies to be redistributed by the State under “Uncle” Barack’s proposed budget :

 

 

” Among the economic plans in the proposed budget:

• A child care tax credit of up to $3,000 per child.

• $750 million for a Department of Education preschool development program, an increase of $500 million.

• More than $3 billion for science, technology, engineering and math (STEM) education.

• A $500 tax credit for “second earners” in working families.

• A program encouraging paid leave programs for employees.

• Two years of community college tuition for qualified students, a program that would cost $60 billion over 10 years.

• $1 billion for a “long-term, comprehensive strategy” to develop a Central America “that is fully democratic (and) provides greater economic opportunities.”

    Note that a great deal of this spending is earmarked under the guise of “investment” in education which is just another means of rewarding one of his strongest constituencies , the teacher’s unions .

Read on

 

 

 

 

 

 

 

 

 

 

 

Hillary Clinton Faces Scrutiny For Use Of Private Jets

 

 

 

” Hillary Clinton took more than 200 privately chartered flights at taxpayer expense during her eight years in the U.S. Senate, sometimes using the jets of corporations and major campaign donors as she racked up $225,756 in flight costs.

  Clinton, 67, the frontrunner for the Democratic presidential nomination in 2016, reported the travel in official filings with the Senate. The records were provided to Bloomberg News by a Republican operative.

  Some of the companies whose planes she used included Coca-Cola Co., Citigroup Inc. and Saban Capital Group Inc.

  While the flights fell within congressional rules and were not out of the ordinary for senators at the time, they could play into the emerging Republican line of attack that Clinton’s wealth and years in government office have left her out of touch with the voters she’ll court on the campaign trail. 

  Republican Mitt Romney, who is considering another bid for president, took a swipe at Clinton’s suggestion to voters that “corporations and businesses” don’t create jobs when he spoke in Starkville, Mississippi, last night.”

 

Read more at Bloomberg

 

 

 

 

 

 

 

 

 

 

 

How Much Is Your State Paying For A Gallon Of Gas? This Cool Map Will Show You

 

Debt.com Gas Prices Over Time

 

 

 

” What is the average price of gas in your state? Researchers at Debt.com have put together a map to show you.

  Debt.com’s interactive map allows users to see their state’s average gas price-simply by hovering their cursor over the state. Clicking a state will show you its average price for the last 10 years:

  While the national average for a gallon of gas is about $2.18, some states fare better or worse than others.

  For example, drivers in Hawaii “consistently pay the most for gas.” They are currently paying an average of $3.31.

  In addition to Hawaii, drivers in Alaska, California and the New England region pay among the highest average gas prices in the nation.”

 

More at The Daily Signal

 

 

 

 

 

 

 

 

 

 

 

Ted Cruz Wins SOTU Postgame With ‘More Cowbell! More Cowbell!’

 

 

 

 

” Megyn Kelly asked Sen. Ted Cruz if he thinks President Obama was setting the stage for the next presidential candidate.

“ Oh, I think he was trying to and he hopes that the next candidate engages in the same far-left policies. This is a man of the left,” Cruz said.

“ You know, it reminds me of the classic Saturday Night Live skit with Christopher Walken, where there’s a band playing and his solution to every problem is ‘More cowbell! More cowbell!’” Cruz said. “For President Obama ‘More cowbell’ is ‘More taxes! More government!More taxes! More government!’” “

 

 

 

 

 

 

” Kelly laughed and said, “The audience knows!” She said the focus group in the studio “is familiar with the skit.” The camera cut to the laughing audience.

“ It’s the same failed policies that don’t work and we ought to come together. Economic growth is a bipartisan objective and I think Congress needs to lead,” Cruz continued.”

 

PJ Tatler

 

 

 

 

 

 

 

 

 

 

 

 

Despite Decline In CPI, Food Index Increases In December

 

 

 

 

 

 

” Despite a decline in the overall Consumer Price Index (CPI) in December, the food index increased and the price index for meats, poultry, fish and eggs hit a record high, according to data released today from the Bureau of Labor Statistics (BLS).

  According to the BLS, “The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.4 percent in December on a seasonally adjusted basis. Over the last 12 months, the all items index increased 0.8 percent before seasonal adjustment.”

“ The gasoline index continued to fall sharply, declining 9.4 percent and leading to the decrease in the seasonally adjusted all items index,” said the BLS.

“ The fuel oil index also fell sharply, and the energy index posted its largest one-month decline since December 2008, although the indexes for natural gas and for electricity both increased,” said the BLS.

“ The food index, in contrast, rose 0.3 percent, its largest increase since September.” “

 

 

    Perhaps this has something to do with the record high food prices , after all Obama did promise that “electric prices would necessarily skyrocket” …

 

 

 

 

 

 

 

This is one promise candidate Obama has kept: Price of Electricity Hit Record High in U.S. in 2014

 

 

Electricity Price Index Hit All-Time High in 2014

 

 

 

 

CNS News has the details

 

 

 

 

 

 

 

 

 

 

Obama To Propose Two Free Years Of Community College For Students 

 

 

 

 

 

” President Barack Obama will need the approval of Congress to realize his proposal for making two years of community college free for students.

   So far, that plan doesn’t have an official price tag — other than “significant,” according to White House officials. If all 50 states participate, the proposal could benefit 9 million students each year and save students an average of $3,800 in tuition, the White House said.

  But administration officials insisted on a call with reporters Thursday evening that “this is a proposal with bipartisan appeal.”

  Case in point: Republican Gov. Bill Haslam, whose brainchild Tennessee Promise program strongly influenced Obama’s proposal. Beginning this year, any high school graduate in that state is eligible for two years of free community college tuition under the Tennessee Promise.”

 

 

    Regardless of the “bipartisan appeal” how the f**k is a government that is 18 trillion dollars in the hole supposed to pay for yet another feel-good , vote buying entitlement ? Simple mathematics puts a real figure ($34.2 Billion annually) to the White House’s estimate of a “significant” cost and as always with State spending we can be sure the estimate is a very lowball one . WTF ?

    And putting aside the cost , where in the Constitution is the “right” to a free education ?

   With that in mind , let us not forget what the Obama administration has already “accomplished” in the field of education:

 

 

Student Loan Debt

 

What could possibly go wrong ?

 

 

Read on at Politico

 

 

 

 

 

 

 

 

 

 

A Day Without A National Debt

 

 

 

 

 

” On this day in economic and financial history…

  A nation without a debt seems inconceivable today. The United States currently has more than $16 trillion in public debt, and no sensible proposals exist to bring this massive sum down to a more reasonable level. But there was a day when the U.S. proclaimed itself a debt-free nation: Jan. 8, 1835.

  The brand-new United States emerged from the Revolution with some $75 million in war debts, and this sum grew to $127 million after the War of 1812. After these wars, the young nation embarked on a 20-year period of positive cash flow and debt reduction, which picked up steam after the election of President Andrew Jackson in 1828.”

 

Read more about this historic day …

 

 

Further reading:

 

History Of Debt In The United States – Debt.org

178 Years Ago Today We Had A National Debt Of $0

Andrew Jackson – Wikipedia

Bureau Of The Public Debt: Our History

 

 

    Since that historic day in 1835 , the US government has spent an average of $100 million that it did not have , each and every year .

 

 

 

 

 

 

 

 

 

 

 

 

 

 

” On Tuesday night, PBS aired its latest Frontline documentary aimed at attacking the NRA entitled “Gunned Down: The Power of the NRA.” On multiple occasions, the program did its best to promote the activities of anti-gun activists while discrediting the efforts of the NRA to protect the Second Amendment. 

  Throughout the hour long special, Frontline reporter Jim Gilmore highlighted several mass shootings over the past three decades, and the program expressed dismay at how the NRA could continue to successfully promote its agenda despite several high-profile shootings in America.

  Gilmore introduced the NRA special by discussing the shooting of Gabby Giffords and President Obama’s subsequent reaction to the attempted assassination of a member of Congress. The documentary highlighted numerous individuals including Dennis Henigan, former Vice President of the Brady Campaign to prevent Gun Violence, to sympathize with President Obama’s response in the wake of the shooting.: 

  The President was extremely compassionate. He was enormously eloquent. But he did everything in his power to avoid using the word “gun” in the wake of that shooting.”

 

Read it all and wonder why your tax dollars continue to fund anti-gun propaganda such as this .

 

 

 

 

 

 

 

 

 

 

 

ObamaCare: Young Adults, Unsubsidized Shun Exchanges

 

 

 

 

 

” One number stands out from ObamaCare’s second enrollment season: Among those signing up for coverage via Healthcare.gov, 87% have qualified for subsidies.

  That’s even higher than the 85% subsidized share of the 8 million people who signed up for ObamaCare exchange plans during the first enrollment season that wrapped up last April.

  The data are early and lack key details, but suggest that the unsubsidized may be shunning the exchanges.

  That’s a surprise: The Congressional Budget Office had projected that 1 in 3 of this year’s new enrollees will earn too much to qualify for premium subsidies.

  Another red flag is the lagging participation among young adults: Just 24% of the 3.4 million new and renewing sign-ups via Healthcare.gov through Dec. 15 are in the 18-to-34 age group. That’s down from 28% among the first 8 million to sign up for coverage for 2014, and far below the 40% that is consistent with the young-adult share of the potential exchange population.”

 

Investor’s Business Daily

 

 

 

 

 

 

 

 

 

 

Federal Student Loan Debt Tops $800 Billion

 

 

Student Loan Debt

 

 

 

” From November 2013 through November 2014, the aggregate balance in the federal direct student loan program–as reported by the Monthly Treasury Statement–rose from $687,149,000,000 to $806,561,000,000, a one-year jump of $119,412,000,000.

  The balance on all student loans, including those from private sources, exceeded a trillion dollars as of the end of the third quarter, according to the Federal Reserve Bank of New York.

” Outstanding student loan balances reported on credit reports increased to $1.13 trillion (an increase of $8 billion) as of September 30, 2014, representing about $100 billion increase from one year ago,” the bank said in its latest report on household debt and credit. “

 

 

   The article goes on to explain just how this scheme is rigged to benefit the universities and not the students . Just another example of cronyism at the highest levels …

 

 

” By doling out a net average of about $100 billion per year in student loans, the federal government allows even the nation’s wealthiest universities to charge students more than they and their families can pay without going into debt.

  That makes colleges richer and students poorer.

  The federal government already has programs in place to forgive or payoff the student loans of Americans who engage in government-approved activities, or who do not do well enough financially in their after-college years to pay off their own loans.”

 

CNS News

 

 

 

 

 

 

 

 

 

 

 

US Debt Soars By $100 Billion On Last Day Of 2014, Hits Record $18.14 Trillion

 

 

 

 

 

” It seems like it was only yesterday when we reported that, in yet another sleight of hand for the US Treasury and Social Security Administration, US debt rose by $32 billion on the last day of November sending total US debt above $18 trillion for the first time ever.  As we further noted, it also meant “that total US debt has increased by 70% under Obama, from $10.625 trillion on January 21, 2009 to $18.005 trillion most recently.”

  Fast forward to today when we are happy to report that according to the US Treasury, America’s debt-funded spending spree, while supposedly slowing down if looking at the declining monthly budget deficit report, never actually has.”

 

Thanks to Tyler Durden at Zero Hedge

 

Interested viewers can keep track of the burgeoning national debt at our post of the real time National Debt Clock

 

 

 

 

 

 

 

 

 

Generating New Revenue Streams

 

 

 

” The common reaction to a budget crisis is reducing personnel and cutting services. The focus of this article is to provide police agencies with an alternative to personnel and service reductions. This alternative could help the survival of a city and maintain or expand police service through generating new revenue streams as a proactive approach to meet the fiscal crisis of today and the uncertain future of tomorrow.

  While generating revenue streams is not new to most agencies, the focus and resources necessary to meet current and emerging public safety needs are unprecedented in law enforcement’s history. Law enforcement executives are accustomed to the ebb and flow of fiscal budgets. The current trend, however, is much more far reaching and will impact almost all cities in California and most likely all communities in the United States.

  Five years ago, the current state of the economy facing cities and counties was not even a concern. Now, however, many law enforcement agencies are facing the reality of severe budget cuts, reduced workforce, and the elimination or reduction of many law enforcement programs. Today, police chiefs are being asked to look for ways of economizing, increasing efficiency, eliminating redundancies, and finding revenue sources.

  This trend will be prompted in two possible ways. First, increasing financial pressure will require more severe budget cuts to the point that many agencies will be able to provide only basic services. Second, cities will begin to see successes at nearby agencies and look to new revenue streams as a panacea to forestall reduced services or even bankruptcy. Based on the research for this article, there is a clear presumption of need for law enforcement to generate new income streams. A first necessary step in that process is to examine possible revenue-generating ideas.
Possible New Revenue Streams

  A group of experts in the fields of city government, business, real estate, and entrepreneurship assembled in April 2008 to identify possible new income streams that could be initiated by law enforcement.2 Their suggested new revenue streams serve as an example of ideas that can be generated in a short period of time. Each idea must be weighed against the feasibility of implementation, profit potential, and appropriateness for law enforcement involvement. Their most prominent recommendations were

    • fees for sex offenders registering in a given jurisdiction,
    • city tow companies,
    • fine increases by 50 percent,
    • pay-per-call policing,
    • vacation house check fees,
    • public hours at police firing range for a fee,
    • police department-run online traffic school for minor traffic infractions,
    • department-based security service including home checks and monitoring of security cameras by police department,
    • a designated business to clean biological crime scenes,
    • state and court fees for all convicted felons returning to the community,
    • allowing agency name to be used for advertisement and branding,
    • triple driving-under-the-influence fines by the court,
    • resident fee similar to a utility tax,
    • tax or fee on all alcohol sold in the city,
    • tax or fee on all ammunition sold in, the city,
    • public safety fees on all new development in the city,
    • 9-1-1 fee per use,
    • police department website with business advertisement for support,
    • selling ride-a-longs to the public, and
  • police department–run firearm safety classes.

  In addition to concepts that may lie ahead, there are also many examples of revenue-generating ideas that have been tried and proven in actual use. “

 

 

    Yes , as this police chief acknowledges however inadvertently , it’s all about the revenue generation and less about public safety …

 

 

 

 

 

 

 

 

 

 

 

Olivia Dorey Wants You To Know How The Government Spends Your Money

 

 

 

” Former House of Commons page Olivia Dorey was once one of the people hand-delivering the federal budget to MPs when the finance minister rose to deliver his speech.

  That task inspired her to try to read through a budget so she knew better what it contained.

” And I couldn’t. I couldn’t find the numbers, I couldn’t make sense of what they were trying to explain … I’m used to doing my own personal budgets, and this book, this book was nothing like a budget to me,” she said in an interview in Ottawa.

  Dorey studies public administration at the University of Ottawa, and is interested in politics. But she still couldn’t figure out the budget. That experience jarred her to begin a personal mission to build a website where people could key in some basic demographic information and find out how the federal budget affected them. 

  Some of that information is available — specific funding for a hospital or transit, for example, or qualifications for Old Age Security — but much of it is simply not publicly accessible, or hard to follow after an initial announcement.

  That’s led Dorey to start lobbying MPs to build budgets differently.

” If I can’t understand public finance and find the information I need, what hope do other Canadians have understanding it?” Dorey said.

  She believes federal, provincial and municipal budgets should be clear enough that people like her grandparents in Bridgewater, N.S., who don’t have university educations, can understand them. Her campaign led her to a strong ally: former parliamentary budget officer Kevin Page.

  Right now, there are several documents you have to read if you want to track a funding promise, including:

  • The budget, the annual planning document for government spending.
  • The estimates, which contain much more detailed information about spending.
  • The supplementary estimates, the update to the estimates.
  • The departmental performance reports, which recap how much was spent out of the amount budgeted, and staffing levels. “

 

Story continues

 

 

 

 

 

 

 

 

 

 

Florida Leaves New York Behind In Its Rear-View Mirror

 

 

 

 

 

” It’s official. Florida is the nation’s third-largest state with 19.7 million people. It surpassed New York this month by adding an average of 803 new residents every day as opposed to New York’s 140.

  Contrary to the stereotype, sun-seeking seniors aren’t the main drivers of Florida’s population growth. James Johnson, a business professor at the University of North Carolina, told the AP that Florida’s powerful economic engine is driving its growth: “I think it’s going to be for the 21st century what California or New York was for the 20th century.”

  As the James Madison Institute reports, Florida’s growth is built on a consensus that taxes, spending, and regulation should be restrained. Its budget is half the size of New York State’s, it lacks a state income tax, and it is much easier to start and run a business there than in many northeastern states.”

 

National Review

 

 

 

 

 

 

 

 

 

 

Texas Job Growth Outpaces Rest Of U.S. Combined

 

 

 

 

” Since the recession began in December 2007, 1.2 million net jobs have been created in Texas. Only 700,000 net jobs have been created in the other 49 states combined.

  The remarkable employment growth in Texas looks even bigger considering its size relative to the rest of the U.S. Total non-farm employment has grown by 11.5 percent in Texas since December 2007. Employment in the rest of the United States has grown only 0.6 percent. Until September 2014, total employment growth in the rest of the United States since December 2007 was still negative.”

 

Washington Examiner

 

 

 

 

 

 

 

 

 

 

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