Category: Taxation


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

 

 

 

 

 

 

 

 

 

 

Food Stamp Beneficiaries Exceed 46,000,000 for 37 Straight Months

 

 

 

 

” The number of beneficiaries who receive compensation from the Supplemental Nutrition Assistance Program (SNAP), otherwise known as food stamps, has topped 46,000,000 for 37 straight months, according to data released by the Department of Agriculture (USDA).

  In September 2014, which is the latest data from the USDA, there were 46,459,998 Americans who received assistance from the SNAP program. The number of beneficiaries has exceeded 46 million since September 2011, a total of 37 months, or more than three years.

  In September, the number of beneficiaries was down from the 46,476,410 beneficiaries there were in August, a decline of 16,412. During that same time frame, the number of families receiving SNAP benefits increased from 22,724,624 in August to 22,750,019 in September, an increase of 25,395.

  Households on food stamps in September got an average of $252.69 during the month, and the program benefits cost taxpayers $5,748,809,023.

  In 1969, the average participation in the SNAP program stood at 2,878,000. In 2014, average participation grew to 46,536,000 showing an increase of 1516.96 percent.”

 

Thanks to CNS News

 

    To put those numbers in perspective in 1969 one out of every 73.6 people was dependent on the State for supplemental food stamps while today after nearly fifty years of fighting the “war on poverty” the ratio is one out of every 6.8 people . Well done … God Bless The State …

Total spending to date on the “war on poverty” has exceeded sixteen trillion dollars and all we’ve gotten for that “investment” has been a larger and larger dole .

 

Since the

 

   The numbers for SNAP spending during the past six years of the Obama administration from the CBO reflect a massive increase in dependency on the State :

 

 

Participation and Federal Spending for SNAP

 

 

” Almost two-thirds of the growth in spending on SNAP benefits between 2007 and 2011 stemmed from the increase in the number of participants. Labor market conditions deteriorated dramatically between 2007 and 2009 and have been slow to recover; since 2007, both the number of people eligible for the program and the share of those who are eligible and who participate in the program have risen.

  About one-fifth of the growth in spending can be attributed to temporarily higher benefit amounts enacted in the American Recovery and Reinvestment Act of 2009. The remainder stems from other factors, such as higher food prices and lower income among beneficiaries, both of which have boosted benefits.”

 

Heck of a job Barack …

 

 

 

 

 

 

 

Obama Opens Fraud-Ridden Benefits Programs To Illegal Immigrants

 

 

 

 

” President Obama’s unilateral executive action on immigration will make hundreds of thousands, perhaps more than a million, illegal immigrants eligible for federal transfer payments. That will be done primarily through two widely used programs — the Earned Income Tax Credit, or EITC, and the Additional Child Tax Credit, or ACTC.

  As it turns out, those two programs are already among the most corrupt and fraud-ridden in the entire federal government. A newly-released report from the inspector general of the Internal Revenue Service confirms that the EITC is plagued by fraud (which was already well known) and also reveals for the first time that the ACTC is even worse.

  The two programs, intended for low-income workers, are what is known as refundable tax credits. That means they give workers a tax refund that is larger than their tax liability. So a family with a tax bill of $1,000 might receive an EITC “refund” of $5,000, meaning the family doesn’t write a check to the government but rather receives a check from the government. The ACTC works similarly for low-income workers with children.”

 

Thanks to Byron York at the Washington Examiner

 

 

 

 

 

 

 

 

 

$404,155,000,000: Taxes Set Record In First 2 Months Of FY15—Deficit Still $179B

 

Record Tax Revenues for October and November

 

 

 

” The U.S. Treasury continued to rake in tax dollars at a record rate in November as the federal government closed out the first two months of fiscal 2015 with $404,155,000,000 in total receipts, according to the Monthly Treasury Statement released today.

  In constant 2014 dollars, this is the first time federal revenues have topped $400 billion in the first two months of the fiscal year.

  Even with these record revenues, the Treasury ran a deficit of $178.531 billion deficit in October and November as it spent $582.686 billion.”

 

CNS News has more

 

 

 

 

 

 

 

 

 

Beware Of Rosy Job Numbers

 

 

” Don’t be fooled by the everything’s-coming-up-roses coverage that the national news media gave the Obama administration’s job numbers last week.

  The news headlines said the Obama economy created 321,000 jobs last month, according to the U.S. Bureau of Labor Statistics. But a little closer examination of the other numbers, buried in the bureau’s report, tells a far sadder story.

  A large share of the nonfarm employment figures were low-paying, part-time jobs among Americans who the bureau refers to as “involuntary part-time workers.” They’re people “who would have preferred full-time employment” but were “working part time because their hours had been cut back or because they were unable to find a good full-time job,” the government said.

  There were seven million of these people for whom life in the dreary Obama economy has changed very little, and their numbers “changed little in November,” the bureau said deep into its report.

  If the number of jobs rose by 321,000, shouldn’t the unemployment percentage have fallen in November? No, the number of jobless Americans “was little changed at 9.1 million” and the 5.8 percent rate didn’t budge.

  Did you hear it put just that way on the nightly network news shows last week? No? I didn’t think so. But it gets worse.

The unemployment rate for adult men actually “rose to 5.4 percent in November,” BLS said. And the jobless rates for adult women (5.3 percent), working age teenagers (17.7 percent), blacks (11.1 percent), and Hispanics (6.6 percent) showed “little change over the month.” “

 

Read more

 

 

 

 

 

 

 

 

 

 

The Best And Worst Run States In America: A Survey Of All 50

 

Party Control Of States

 

 

” How well run is your state? Assessing a state’s management quality is hardly easy. The current economic climate and standard of living in any given state are not only the results of policy choices and developments that occurred in the last few years, but can also be affected by decisions made decades ago, and by forces outside a state’s control. 

  Each year, 24/7 Wall St. attempts to answer this question by surveying various aspects of each state. To determine how well states are managed, we examine key financial ratios, as well as social and economic outcomes. This year, North Dakota is the best-run state in the country for the third consecutive year, while Illinois replaced California as the worst-run state.

  Selecting appropriate criteria to compare the 50 states is difficult because there is so much variation among the states. As a result, policy decisions that may work in one state might not work in another. Some states are rich in natural resources, while others rely on high-skilled sectors such as technology and business services. Some depend disproportionately on one industry, while others’ economies are more balanced. Further, some states are more rural, while others are highly urbanized and densely populated.

  This year, a number of the best-run states again benefit from an abundance of natural resources. North Dakota, Wyoming, Alaska, and Texas are among the top 10 best-run states, and in all four, the mining industry — which includes fossil fuel extraction — is a major contributor to state GDP. Due in large part to the mining sector, North Dakota and Wyoming led the nation in real GDP growth in 2013. And Alaska has utilized its oil wealth to build massive state reserves and to pay its residents an annual dividend.

  Although less than in years past, the lingering effects of the housing crisis still have a negative impact on several of the worst-run states. In five of the 10 worst-run states — Arizona, Georgia, Illinois, New Jersey, and Rhode Island — home values declined by 10% or more between 2009 and 2013. Worse still, in states such as Arizona and Rhode Island, the housing market remains well below its peak, reached just before the start of the recent recession.”

 

   A brief rundown of the top ten and bottom ten states , color-coded (red for GOP , blue for Democrats , purple for split government) by party control of legislature and governor’s office is as follows: 

 

The 10 best run states:

 

” 1. North Dakota

2. Wyoming

3. Nebraska

4. Iowa

5. Minnesota

6. Utah

7. Alaska

8. Texas

9. Vermont

10. South Dakota

 

 

And here are the ten worst run states:

 

” 41. Alabama

42. Missouri

43. New Jersey

44. Georgia

45. Arizona

46. Kentucky

47. Rhode Island

48. Mississippi

49. New Mexico

50. Illinois

 

 

Click through to the 24/7 Wall Street post for a detailed accounting of all 50 states to see where yours stands .

 

 

 

 

 

 

 

 

 

It’s Official: America Is Now No. 2

 

 

 

 

” Hang on to your hats, America.

  And throw away that big, fat styrofoam finger while you’re about it.

  There’s no easy way to say this, so I’ll just say it: We’re no longer No. 1. Today, we’re No. 2. Yes, it’s official. The Chinese economy just overtook the United States economy to become the largest in the world. For the first time since Ulysses S. Grant was president, America is not the leading economic power on the planet.

  It just happened — and almost nobody noticed.

  The International Monetary Fund recently released the latest numbers for the world economy. And when you measure national economic output in “real” terms of goods and services, China will this year produce $17.6 trillion — compared with $17.4 trillion for the U.S.A. “

 

 

You voted for “fundamental change” and the man has delivered …

 

 

” As recently as 2000, we produced nearly three times as much as the Chinese.

  To put the numbers slightly differently, China now accounts for 16.5% of the global economy when measured in real purchasing-power terms, compared with 16.3% for the U.S.

  This latest economic earthquake follows the development last year when China surpassed the U.S. for the first time in terms of global trade.”

 

 

 

    These two paragraphs should send chills down any forward-looking American’s spines , especially amongst the young …

 

 

 

” Make no mistake: This is a geopolitical earthquake with a high reading on the Richter scale. Throughout history, political and military power have always depended on economic power. Britain was the workshop of the world before she ruled the waves. And it was Britain’s relative economic decline that preceded the collapse of her power. And it was a similar story with previous hegemonic powers such as France and Spain.

  This will not change anything tomorrow or next week, but it will change almost everything in the longer term. We have lived in a world dominated by the U.S. since at least 1945 and, in many ways, since the late 19th century. And we have lived for 200 years — since the Battle of Waterloo in 1815 — in a world dominated by two reasonably democratic, constitutional countries in Great Britain and the U.S.A. For all their flaws, the two countries have been in the vanguard worldwide in terms of civil liberties, democratic processes and constitutional rights.”

 

 

 

Market Watch has more on the latest (dubious) accomplishment of Barack Obama’s administration 

 

 

 

 

 

 

 

 

 

 

Only 19 Students Ready For College In Paterson NJ

 

 

 

 

 

” A paltry nineteen students who took the SAT from the Paterson (New Jersey) Public Schools were considered “college ready.”

This means they scored at least a 1500 out of 2400 on the exam.

MY 9 NJ.com reports:

Paterson resident Jason Williams is one of the lucky ones. He just graduated high school last year and has been enrolled in college since September, after taking the SAT’s three times determined to score over 1500. He says that the key to his success was not falling victim to the streets.

  Article author Tamara Laine writes that the 19 students figure “is truly shocking considering how large the school district is.” Indeed, according to the district’s Wikipedia entry, the district has twenty-one high schools, and a total student enrollment of 28,139. “

 

    Although we experienced some difficulty in coming up with a solid figure for the Paterson public high school enrollment numbers , according to the information on Wikipedia’s page we’ve arrived at a minimum of 4,684 students .

   If approximately half of that number are juniors and seniors , those taking the SATs , we calculate 2,342 students that took the college entrance exam . That translates into a 0.811% readiness rate … Less than 1 % . Shameful .

This is all the more disgraceful when one considers that Paterson has a 13 to 1 student/teacher ratio (among the lowest in the country) , the national average being 15.5 , and spends $18,891 per pupil which is 8.3% above the national average and ranks below only Alaska , DC and New York . See table below …

 

 

 

Paterson School Spending

   While the reader ponders where all that money is being spent , take note of this story from Monday’s NorthJersey.com :

 

 

” Payroll records show the number of city school district employees making at least $125,000 has doubled over the past five years, an increase that comes as test scores for Paterson students remain among the lowest in the state.

  At present, 66 Paterson Public Schools employees make at least $125,000, the records show. During the 2010-11 school year, the district had 33 employees above the $125,000 mark.

  The rise has been a steady one, the records show. The number of salaries above $125,000 grew to 41 in 2011-12, to 53 the year after that and to 60 in 2013-14.”

 

 

    Gotta love that State provided “free” education … New Jersey tax payers are hardly getting their money’s worth , that’s for sure .

The College Fix

 

 

 

 

 

 

 

 

 

 

Total US Debt Rises Over $18 Trillion; Up 70% Under Barack Obama

 

 

 

” Last week, total US debt was a meager $17,963,753,617,957.26. Two days later, as updated today, on Black Friday, total outstanding US public debt just hit a new historic level which probably would be better associated with a red color: as of the last work day of November, total US public debt just surpassed $18 trillion for the first time, or $18,005,549,328,561.45 to be precise, of which debt held by the public rose to $12,922,681,725,432.94, an increase of $32 billion in one day.

 

 

 

 

  It also means that total US debt to nominal GDP as of Sept 30, which was $17.555 trillion, is now 103%. Keep in mind this GDP number was artificially increased by about half a trillion dollars a year ago thanks to the “benefit” of R&D and intangibles. Without said definitional change, debt/GDP would now be about 106%.

  It also means that total US debt has increased by 70% under Obama, from $10.625 trillion on January 21, 2009 to $18.005 trillion most recently.

  And now we wait for the US to become Spain, and add the estimated “contribution” from hookers and blow to GDP, once again pushing the total debt/GDP ratio below the psychological 100% level.”

 

 

And to think that just three short years ago Obama was speaking of reducing our then $14 trillion debt …

 

 

 

 

 

 

   Heck of a job Barack especially when one takes into consideration the record tax receipts the Federal government has been taking in . Be sure to check out the National Debt Clock . Bookmark it and keep up .

Thanks to Zero Hedge

 

 

 

 

 

 

 

 

 

Obamacare Offers Firms $3,000 Incentive To Hire Illegals Over

Native-Born Workers

 

 

 

 

 

 

” Under the president’s new amnesty, businesses will have a $3,000-per-employee incentive to hire illegal immigrants over native-born workers because of a quirk of Obamacare.

  President Obama’s temporary amnesty, which lasts three years, declares up to 5 million illegal immigrants to be lawfully in the country and eligible for work permits, but it still deems them ineligible for public benefits such as buying insurance on Obamacare’s health exchanges.

  Under the Affordable Care Act, that means businesses who hire them won’t have to pay a penalty for not providing them health coverage — making them $3,000 more attractive than a similar native-born worker, whom the business by law would have to cover.

  The loophole was confirmed by congressional aides and drew condemnation from those who said it put illegal immigrants ahead of Americans in the job market.

“ If it is true that the president’s actions give employers a $3,000 incentive to hire those who came here illegally, he has added insult to injury,” said Rep. Lamar Smith, Texas Republican. “The president’s actions would have just moved those who came here illegally to the front of the line, ahead of unemployed and underemployed Americans.”

  A Department of Homeland Security official confirmed that the newly legalized immigrants won’t have access to Obamacare, which opens up the loophole for employers looking to avoid the penalty. “

 

Washington Times

 

 

 

 

 

 

 

 

 

2,500 New Documents ID’d In White House-IRS Taxpayer Harassment Cases

 

 

” In a shocking revelation, the Treasury Inspector General has identified some 2,500 documents that “potentially” show taxpayer information held by the Internal Revenue Service being shared with President Obama’s White House.

  The discovery was revealed to the group Cause of Action, which has sued for access to any of the documents. It charges that the IRS and White House have harassed taxpayers.

  In an email from the Justice Department’s tax office, an official revealed the high number of documents, suggesting that the White House was hip deep in probes of taxpayers, likely including conservatives and Tea Party groups associated with the IRS scandal.

  In requesting a delay in the delivery date of the documents, Justice told Cause of Action, “The agency [Treasury Inspector General for Tax Administration] has located 2,500 potentially responsive documents and anticipates being able to finish processing 2,000 of these pages by the December 1 date. It needs the additional two weeks to deal with the last 500 pages to determine if they are responsive and make any necessary withholdings.”

 

Thanks to Paul Bedard at the Washington Examiner

 

 

 

 

 

 

 

 

 

The Fiscal Cost Of Unlawful Immigrants And Amnesty To The U.S. Taxpayer

 

 

Immigration Costs 2013 - Table 4

 

” Unlawful immigration and amnesty for current unlawful immigrants can pose large fiscal costs for U.S. taxpayers. Government provides four types of benefits and services that are relevant to this issue:

  • Direct benefits. These include Social Security, Medicare, unemployment insurance, and workers’ compensation.
  • Means-tested welfare benefits. There are over 80 of these programs which, at a cost of nearly $900 billion per year, provide cash, food, housing, medical, and other services to roughly 100 million low-income Americans. Major programs include Medicaid, food stamps, the refundable Earned Income Tax Credit, public housing, Supplemental Security Income, and Temporary Assistance for Needy Families.
  • Public education. At a cost of $12,300 per pupil per year, these services are largely free or heavily subsidized for low-income parents.
  • Population-based services. Police, fire, highways, parks, and similar services, as the National Academy of Sciences determined in its study of the fiscal costs of immigration, generally have to expand as new immigrants enter a community; someone has to bear the cost of that expansion.

  The cost of these governmental services is far larger than many people imagine. For example, in 2010, the average U.S. household received $31,584 in government benefits and services in these four categories.

  The governmental system is highly redistributive. Well-educated households tend to be net tax contributors: The taxes they pay exceed the direct and means-tested benefits, education, and population-based services they receive. For example, in 2010, in the whole U.S. population, households with college-educated heads, on average, received $24,839 in government benefits while paying $54,089 in taxes. The average college-educated household thus generated a fiscal surplus of $29,250 that government used to finance benefits for other households.

  Other households are net tax consumers: The benefits they receive exceed the taxes they pay. These households generate a “fiscal deficit” that must be financed by taxes from other households or by government borrowing. For example, in 2010, in the U.S. population as a whole, households headed by persons without a high school degree, on average, received $46,582 in government benefits while paying only $11,469 in taxes. This generated an average fiscal deficit (benefits received minus taxes paid) of $35,113.

  The high deficits of poorly educated households are important in the amnesty debate because the typical unlawful immigrant has only a 10th-grade education. Half of unlawful immigrant households are headed by an individual with less than a high school degree, and another 25 percent of household heads have only a high school degree.

  Some argue that the deficit figures for poorly educated households in the general population are not relevant for immigrants. Many believe, for example, that lawful immigrants use little welfare. In reality, lawful immigrant households receive significantly more welfare, on average, than U.S.-born households. Overall, the fiscal deficits or surpluses for lawful immigrant households are the same as or higher than those for U.S.-born households with the same education level. Poorly educated households, whether immigrant or U.S.-born, receive far more in government benefits than they pay in taxes. “

 

Read the entire study at Heritage

 

 

 

 

 

 

 

 

 

 

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