The Taxman Cometh (Again)

Investors.com posted an article about some of the ideas the government is considering in its search for increased revenue to close the budget deficit. It seems that the government is eyeing our 401(k) accounts.

The article states:

Rather than the current $50,000, Congress is considering limiting employer-employee 401(k) contributions to 20% of an employee’s salary up to a ceiling of $20,000, an idea dubbed the “20/20” plan. Even voters without 20/20 vision will quickly see it as another promise broken by a political culture whose spending has reached the level of insanity.

The Post (the New York Post) also interviewed Urban-Brookings Tax Policy Center co-director William Gale, whose idea of replacing all tax deductions on 401(k)s and IRAs with an 18% credit sent straight into everyone’s retirement account is also being considered within Congress.

This news comes as it was reported today that Social Security and Medicare will be out of money by 2033, three years earlier than last year’s estimate.

How about simply cutting the spending, ending GSA boondoggles, and making the first family pay for their own vacations?

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The Pot Calling The Kettle Black

The problem with class envy is that it gets old and boring after a while. All of us would like to make more money, but that doesn’t mean we have to resent the people that do. If someone makes their money honestly, we should celebrate their success–not try to take it away from them.

Well, not everyone sees it that way. The Washington Free Beacon posted an article today about AFL-CIO President Richard Trumka. Mr. Trumka has been criticizing CEO pay, stating, “Runaway CEO pay isn’t just bad for our economy, it’s bad for the morale of working families, too. All workers, from the executive suite down to the shop floor, contribute to making a company successful. But these corporations are buying into the myth that the success of a corporation is the result of its CEO alone.”  He is absolutely entitled to his opinion, but do his words sound a little different when you realize that he earns more than eight times what the average American worker earns.

The article reports:

According to the Center for Union Facts, Trumka brought home a gross salary of $264,827 in 2010, plus another $18,513 in additional compensation, to represent his union. The union leader has earned well over $200,000 every year since he was promoted to Secretary Treasurer in 2003.

In 2011, Trumka earned $293,750.

Unions have been major contributors to democrat political campaigns. In the 2010 mid-term elections, the AFL-CIO gave almost a million dollars, 93 percent of those donations going to Democratic candidates.

Mr. Trumka’s statement might carry more weight if he practiced what he preaches.

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Playing Games With Taxpayer Money

No, this isn’t about the Secret Service scandal or the GSA scandal–it’s about using taxpayer money intended for other things to prevent voters from feeling the impact of Obamacare and voting against President Obama because of it.

Yesterday’s New York Post posted a story about how some of the money intended to implement Obamacare is being spent.

The article states:

It’s hard to imagine a bigger electoral disaster for a president than seniors in crucial states like Florida, Pennsylvania and Ohio discovering that he’s taken away their beloved Medicare Advantage just weeks before an election.

This political ticking time bomb could become the biggest “October Surprise” in US political history.

But the administration’s devised a way to postpone the pain one more year, getting Obama past his last election; it plans to spend $8 billion to temporarily restore Medicare Advantage funds so that seniors in key markets don’t lose their trusted insurance program in the middle of Obama’s re-election bid.

The money is to come from funds that Health and Human Services is allowed to use for “demonstration projects.” But to make it legal, HHS has to pretend that it’s doing an “experiment” to study the effect of this money on the insurance market.

That is, to “study” what happens when the government doesn’t change anything but merely continues a program that’s been going on for years.

Obama can temporarily prop up Medicare Advantage long enough to get re-elected by exploiting an obscure bit of federal law. Under a 1967 statute, the HHS secretary can spend money without specific approval by Congress on “experiments” directly aimed at “increasing the efficiency and economy of health services.”

I think this should be included on the list of reasons why the federal budget needs to be cut drastically. The taxpayers’ money is being spent irresponsibly, and we need to make sure Washington has less money to spend.

 

 
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The Arab Spring Strikes Again

Today’s Jerusalem Post is reporting that Egypt has terminated its supply of natural gas to Israel. The article reports that a senior Egyptian military official has stated that the deal is not cancelled, but halted because of a business disagreement over the transfer of payments.

A BBC story on the shutoff reported that Egypt supplies around 40 percent of Israel’s natural gas. Israel uses natural gas to generate electricity.

The article at the Jerusalem Posts reports:

“We have no information that the contract has been nullified,” one Foreign Ministry official said.

The official added that if the report was indeed true it would be a “grave development” with ramifications on the normalization of ties between the two countries under the 1979 peace treaty. But, the official added, this was not an agreement between governments, but rather between private companies and the Egyptian government.

Steinitz said he viewed with “deep concern the unilateral Egyptian announcement over terminating the gas deal with Israel, both because of its diplomatic and economic aspects. This is a dangerous precedent that diminishes the peace treaty” between the neighboring countries.

On March 23 the Los Angeles Times reported:

The Obama administration announced Friday that it intends to deliver all $1.3 billion in promised aid to Egypt’s military this year, despite calls from lawmakers and rights advocates to hold back money because of limits on political rights in the North African nation.

It seems to me that if Egypt cuts off the supply of natural gas to Israel, America should immediately cut off all aid to Egypt.

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Rest In Peace Charles Colson

The Detroit Free Press reported today that Charles Colson died yesterday. Charles Colson was Richard Nixon’s “hatchet man” and eventually went to jail after he pleaded guilty to efforts to discredit Pentagon analyst Daniel Ellsberg. The former hatchet man became a born-again Christian and founded Prison Fellowship, an organization that has helped millions of prisoners and their families.

When Mr. Colson became a Christian, there were many people who believed it was a ploy to obtain a reduced sentence, but Mr. Colson’s actions proved them wrong.

The Boston Globe commented in 1973:

“If Mr. Colson can repent of his sins, there just has to be hope for everyone.”

I wonder if they knew how correct they were.

Charles Colson enriched many lives after his conversion. He was a beautiful example of a person who had fallen from the height of power and decided that his role was to serve others. He is an inspiration to anyone who has read his story.

I would like to mention at this time that I recently heard an interview with someone in the Nixon Administration that convinced me that everything I thought I knew about the Watergate Scandal was wrong. During that time, the only media we had was the mainstream media, and the media was generally very critical of President Nixon. I wonder if the story would have been different if we had had the alternative media at that point. What the Committee to Re-elect the President did (bug the DNC) was illegal and stupid. The cover-up was also illegal and stupid. I just wonder if more was made of the incident that should have been. It just seems that there were many other forces at work during that time. Just for the record, I was still a liberal at that time and in response to the Watergate scandal, I voted for George McGovern.

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This Doesn’t Sound Very Open To Me

My local newspaper, the Attleboro Sun Chronicle, posted an article today about an Open Meeting Law complaint filed by a resident of Foxboro. Foxboro is going through some political challenges right now as the town decides whether or not to allow a casino to be built near the stadium, and things have gotten a bit tense.

The article reports:

The state Attorney General’s Office says the chairman of the board of selectmen alone decides who may speak during a meeting – and when they must zip their lip.

The chairman can even refuse to allow a word of comment from the audience.

And a board or committee has no obligation to put any particular matter on its agenda.

Those are among the points raised by the Attorney General’s Office in its rejection of Open Meeting Law complaints filed last year by a Foxboro resident.

I am more than a little surprised by the ruling. Isn’t the Board of Selectmen accountable to the people of the town? Isn’t the meeting of the selectmen the place where residents can air their complaints and concerns? This absolutely makes no sense to me. Hopefully, the people of Foxboro will reflect their concerns about open meetings during the next town election.

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American Energy 101

Hugh Hewitt has added a new feature to his radio show and his website. It is called “The 5-Minute Energy Blog.” It is a quick primer for those of us who are not scientific types to understand America’s energy problems and energy solutions. The feature is written by Tim Dunn, CEO of CrownQuest Operating, one of the top oil producers in Texas. Tim is also the vice-chair of the Texas Public Policy Institute.

In the first installment of The 5-Minute Energy Blog, Mr. Dunn states that the political choices we make as Americans in the next ten years will determine whether or not America has an energy crisis.

The article states:

If we decide as a country that policy experts in Washington DC should make decisions about energy, then I predict the bureaucracy economy in DC will be very fat and powerful, and the rest of the economy will get very thin and weak.  On the other hand, if we are able to retain our heritage of self-governance, and allow individual Americans to make their own choices in a free marketplace of ideas, businesses and consumer choices, then I think we will have a fit and prosperous economy for the indefinite future.  And, of course, the bureaucrat economy will have to go on a diet.

It’s one or the other.  We can’t have market choices and a centrally planned economy.

That is the choice we face in November. Mr. Dunn points out that whoever controls energy controls the economy. If control is taken away from the free market and given to the central government, energy innovation will come to a standstill. When there is no incentive to innovate, innovation ceases. A profit motive is a strong incentive, when it is removed, innovation stalls.

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What Are They Doing To My Car ?

When I bought my latest Mustang convertible two years ago, I planned on keeping it forever. I added a number of accessories that I normally would not put on a car. Detroit has just convinced me that I made the right decision.

Yesterday the American Spectator posted an article about what Detroit is about to do to the Mustang. It’s not pretty.

The article reports:

Ford‘s new “Evos” concept features gull-wing doors, a rounded, aerodynamic body, and a smaller design clearly inspired by Europe. When Ford officially unveils its new Mustang in 2014, company insiders insist it will embrace this visual transformation.

More pertinent than its changing look will be its changing feel. Rumors abound, to the chagrin of drag racers, regarding the introduction of independent rear suspension. The five-liter engine supposedly morphs into a two-liter one. There is even talk of a hybrid Mustang.

This is the rendering of the new Mustang from their Facebook page. It took me a few years to get used to the look of the 2010 Mustang, but at least it looked like a traditional Mustang. This just doesn’t look right. And just for the record–my convertible is a six-cylinder. On the open road, it gets about 24 miles per gallon. If America would develop her own energy resources and stop cowtowing to OPEC, that wouldn’t be a problem.

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I Can’t Believe He Said That

 My source for this article is The Blaze yesterday. I have seen it other places. On Wednesday Senator Harry Reid, in making a plea to pass a Post Office reform bill, stated that,  “And when talking about seniors, seniors love to get junk mail. It’s sometimes their only way of communicating or feeling like they’re part of the real world.” I am a senior citizen. I shred all of my junk mail that has my name on it. It is a pain in the neck. I would gladly give all of my junk mail to any senior who likes reading it on the condition that they would shred it afterward. What is this man talking about?

 

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The Recovery Doesn’t Seem To Be Recovering Very Well

Yesterday Ed Morrissey posted an article at Hot Air about the latest report to come out on the housing market. The National Association of Realtors reported that the market for both new homes and existing homes went down in March. March was the third month out of the past four months when sales of existing homes have gone down.

The article reports:

Residential real estate remains the economy’s soft spot, challenged by stricter lending standards, lower home values and the threat of more foreclosures. An improved labor market and mortgage rates near historic lows have yet to stoke bigger gains in demand.

The article further states:

The description of an “improved labor market” applied more in February than it did in March.  Last month, the US only added 120,000 jobs, barely enough to keep up with population growth.  Even before that, the previous three months added around 650,000 jobs in the aggregate, which means actual growth above population increase of about 300,000 jobs — which wouldn’t greatly increase demand in the housing market, but shouldn’t result in a decrease in demand.  First-time buyers still only account for a third of these purchases, when the normal level is around 40%, according to Bloomberg News.  That’s an indication of a lack of confidence among younger adults.

I am not an economist, but it seems to me that until people feel they have secure jobs, they won’t buy houses. I also wonder if the fact that it used to cost $30 to fill up a gas tank and now costs $60 might have people saving their pennies in case things get worse.

 

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Isn’t It A Little Early For The Democrats To Be Desperate ?

It isn’t news to anyone who pays attention that some of the attacks on Mitt Romney will be based on his Mormon religion (just as John Kennedy was attacked for his Catholic religion). But sometimes the attacks are stretched far enough to be ridiculous.

Today’s Daily Caller reports that Montana Governor Brian Schweitzer, described as a moderate Democrat, has stated:

…likely Republican nominee Mitt Romney may have trouble in the general election because his father was “born on a polygamy commune in Mexico,”
 
George Romney was born in 1907. He was born–he was not responsible for the circumstances surrounding his birth!
 
The article at the Daily Caller points out that George Romney’s parents were in a
monogamous marriage and moved back to the United States when George was still a child. This isn’t even criticism of the candidate–it is criticism of the circumstances surrounding the birth of his father. Where is the commentary on Barack Obama’s father? Where is the commentary on his numerous wives?
 
How many generations are the Democrats willing to examine in order to do opposition research on the Republican candidates?

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There Really Is A Double Standard

 

Nugent in concert in Naples, Italy, June 1, 2004

Nugent in concert in Naples, Italy, June 1, 2004 (Photo credit: Wikipedia)

Investor’s Business Daily posted an editorial about the recent comments by Ted Nugent which have resulted in his being asked to have a chat with the Secret Service. Ted Nugent is a bit outrageous in style in anything he does, and his political speeches tend to be direct and somewhat colorful. The Secret Service is concerned (lately, it seems to me, they have more important things to be concerned about).

The article reports:

Attempting to rally fellow NRA members already agitated by the administration’s push for gun control and its disregard for life and law in Operation Fast and Furious, Nugent told fellow Second Amendment devotees that “we are patriots, we are ‘Braveheart.'” He also said, “We need to ride into that battlefield and chop their heads off in November.”

Maybe I just don’t understand how things work, but I don’t think that means he will be riding a horse down Pennsylvania Avenue in November.

The article reminds of us some recent statements by those on the left side of the political spectrum:

Did anyone in the liberal universe or administration take note when Nation of Islam leader Louis Farrakhan said at Lemoyne-Owen College in Memphis, Tenn., Saturday that “people tomorrow, maybe in a few days, are gonna kill their leaders who’ve been selling them out”?

The Justice Department threw out the case against the New Black Panthers who actually were intimidating voters in Philadelphia with real billy clubs. Why are they so concerned about Ted Nugent’s words. He is a rather flamboyant character to begin with and expresses his political ideas and philosophy in his own style. It would be very interesting to be a fly on the wall when the ‘chat’ with the Secret Service occurs.

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Roadblocks On The Way To Energy Independence

The Washington Free Beacon is reporting today that 70 House democrats voted for the Keystone Pipeline yesterday. The Keystone Pipeline was included in the Transportation Bill that passed the House yesterday by a vote of 293-127.

The Hill reported yesterday:

The bill creates another clash with the White House over the Keystone pipeline — a project at the heart of the Republicans’ energy agenda and their election-year attacks against the president.

Obama, facing divisions in his political base, has delayed a permitting decision on the project until after the election and threatened to veto the House bill over the pipeline language.

The House vote continues what has been a difficult path forward for transportation program funding, which often has bipartisan support.

Congress last month enacted a 90-day extension of highway programs before it left for a two-week recess, and the Speaker had hoped to use the break as one more chance to win support for the five-year transportation bill he has been pushing for months over objections from his conference.

Unless it is approved, the Keystone Pipeline will be a campaign issue this November. The majority of Americans are in favor of building it. Its construction will create jobs and lower gas prices at the pump (although I am not sure how quickly gas prices will go down). It will be interesting to see how the President and the Senate handle this.

 

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There Is NO Common Sense In Government

A website called The Red State Report posted an article Tuesday on recent events in Tombstone, Arizona. During 2011, a shortage of water developed in Tombstone due to the Monument Fire, which destroyed a lot of the desert vegetation around the town. The fire was followed by a record monsoon season which caused mudslides, sending car-sized boulders tumbling down the hillsides. The mudslides crushed the waterlines that supply the town with water and destroyed the reservoirs. Since Tombstone is in the middle of the Arizona desert, the town’s water supply is vital to the survival of the town. Part of the pipes that supply the town with water are buried under more than ten feet of mud and some are suspended in mid air because the ground was washed out from under them.

Normally, the town would simply get to work, clean up the mess, and move on with life. Unfortunately, the Obama Administration {and the Environmental Protection Agency (EPA)} have chosen to get involved.

The article reports:

“federal bureaucrats are refusing to allow Tombstone to unearth its springs and restore its waterlines unless [city officials] jump through a lengthy permitting process that will require the city to use horses and hand tools to remove boulders the size of Volkswagens.”

The article states:

There is evidence that the Forest Service under Barack Obama’s leadership is adopting a comprehensive plan “to clear federal lands of any private or non-federal uses.”

Ranchers in the West,  have been told to give up their various access and water rights, ski resorts have faced problems with access to federal lands and Indian tribes have been dealt the same blow.

The federal government owns about 30 percent of the land in the United States–most of it in the western part of the country. This is another example of federal government overreach. It is time to elect a President who respects the Constitution.

 

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A Reliable Source In Afghanistan

One of the few people I actually believe when I hear anything about Afghanistan is Michael Yon. He has spent a lot of time there and has the contacts to find out the truth, and because he reports for himself, he is free to tell the truth.

Michael posted an article today about the recent poisoning of Afghanistan girls because they were attending school. His article posts the emails between him and one of the Taliban leaders. He relates the correspondence:

Taliban spokesman Zabihullah Mujahid fully owned up to their terrorist attacks that unfolded just days ago in Kabul and elsewhere.  He emailed to me, and contacted large media, and took credit for multiple suicide and other attacks.  And so it was natural to ask Mujahid if the Taliban (there are many groups, and there are lone wolves) was behind this atrocity against the girls yesterday.

His answer today:

“we are respecting womens .  taliban movement became in power againt those who kidnape womens and rap girls .  we don,t know about these girls , who and for what reason they kidnape. we are not support this .  Their arae a  lot af those creminals who were involve in that kind of cases b4 , now they are in power . and I personly sure that  in this case they will be involve”

And so I responded to Mujahid’s answer with a question.  Will the Taliban bring these criminal(s) who poisoned the girls to Islamic Justice?  Mujahid answered minutes ago:

“As I wrote u in my last mail we are agaist this criminals activety , so of corse we will bring them to islamic justice.”

Of course, not everything that happens out there is in accordance with the policies of the Afghanistan government, or our troops, or the Taliban.  When a Soldier or Soldiers apparently murdered 17 Afghans, those murders were not sanctioned by our side, though it looks like we own it.  Likewise, the Taliban did abolish opium and the use of boys for sex, and they did hang people for raping women.  Meanwhile, the government of Afghanistan is more apt to make a woman marry someone who rapes her.  This is a complex mess.  There is no black and white in this.  The more you learn the more your head spins.

If there is any good news out of this, it is that many girls are in school.

The bottom line here is that Afghanistan is a mess.

 

 

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Why Is It That The People Who Are Not Impacted By Higher Gas Prices Always Want The Rest Of Us To Pay More ?

I live in Massachusetts. After the redistricting this year, I was moved into Representative Barney Frank‘s district. Barney Frank is not running for re-election–thus there is an open seat. At the present time, there is only one Republican in the Massachusetts Congressional delegation–Scott Brown. If I have my way, there will be at least two after the 2012 election.

The Massachusetts Democrat party, in a truly typical move, put forth Joseph Kennedy III as the candidate for Barney Frank’s seat. I am not even sure he lives in the district he will represent, but he can afford to buy another house if he needs to. Qualifications? You’re kidding.

The Daily Caller that Joseph Kennedy III wrote an online letter to supporters calling for an end to “cheap oil.”

The online letter states:

Second, we need to get serious about our dependence on foreign oil. Energy independence is the goal most often talked about over the last 40 years while also the most neglected.

Nixon, Ford, Carter, Reagan, Bush, Clinton, Bush, Obama – they’ve all talked about the same thing: the need to wean ourselves off our debilitating dependence on foreign oil.

The cycle that allows cheap oil to trump tough choices has to stop. 40 years is enough.

And while mortgaging our energy future to foreign interests, we’ve also surrendered our financial independence. We’ve run up $15 trillion in national debt.

Has it not occurred to this man that energy independence (development of our own energy sources) might be a better answer to this problem?

The article reminds us:

Since 2005, Kennedy’s father, former Massachusetts Rep. Joseph Kennedy Jr., has teamed up with Hugo Chavez, the anti-American, communist strongman of Venezuela, to bring free oil to poor people in the United States.

I hope the Massachusetts voters think carefully before they vote. Joseph Kennedy III is not a man we need in the House of Representatives right now. The increased cost of gasoline has stretched the budgets of all ordinary people–raising it more will do serious economic damage to the state and national economy. What in the world is this man thinking?

 

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We Let These People Vote?

I am not for denying anyone the right to vote, but sometimes I do wonder about the wisdom of some of the people who do vote. A story posted in The Blaze yesterday underscored that thought.

According to The Blaze:

Responding to a local rumor, people are standing in line for hours, turning over valuable personal information and expecting to receive a government handout in New York City. If this sounds familiar, it is. Back in the fall of 2009, thousands of people stood in line in Michigan expecting to be given some Obama money. It never arrived.

My concern here is the concept of “Obama money.” Where do these people think Obama money comes from? Is it simply manufactured out of thin air? Does it grow on trees?

The story goes on to explain that E & M Multi-Services, a tax preparation service that operates out of the back of a “dollar store” in the Fordham section of the Bronx, is collecting copies of Social Security cards, state ID cards and in exchange people are given a debit card from First California Bank. Unfortunately, the debit cards do not have money on them from President Obama or any bank. Surprised?

The article states the obvious:

Considering the massive problem of identity theft, handing over your Social Security card, state issued ID cards and other personal information to a business housed in the back of a dollar store is probably not a good idea.

And these people vote?

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The Secret Service Were Not The Only People Caught With Their Pants Down In Columbia

Yesterday Investor’s Business Daily reported on a major event at the Colombian summit that seems to have been overlooked in the reporting.

The article reports:

Never was a response to a global outrage more mealy-mouthed than the one from the U.S. after Argentina’s President Cristina Fernandez de Kirchner, standing under a portrait of Evita Peron, announced a brazen grab for YPF, the Argentine oil company that’s 57% owned by Spain’s Repsol.

Markets fell, world leaders denounced the violation of contracts and economically battered Spain rallied European Union support.

But the U.S.? “We are following developments on this issue. We are not currently aware of any WTO complaints related to this issue,” the State Department said.

The article points out that Argentina is in financial trouble because of overspending. If Argentina defaults or Spain defaults, the IMF will be called in to do a bailout. That will directly impact the pockets of American taxpayers.

The article reminds us:

Meanwhile, U.S. investors own about 5% of Repsol. Its takeover hurts U.S. investors and our tax base. This should concern the indebted U.S., which if it did what other countries do, would defend its investors.

The U.S. buys 29,000 barrels a day from Argentina, a third of its output, and will need to find a new supplier as that collapses. Worse still, Argentina will lose investment in its vast shale reserves, the world’s third-largest at 22%. As that goes, prices will rise.

Worst of all, the expropriated assets may now go to China, significantly raising its influence in the region.

It sounds as if our State Department was not paying attention to the events around them.

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An Election Year Is No Excuse To Avoid Doing Your Job

John Hinderaker at Power Line posted an article yesterday on the progress of the Senate in producing a budget. The Senate is legally required to pass a budget by April 15th, but is not at all interested in doing so. Why? Because it is an election year, and Democrat Senators (who hold the majority) do not want to go on the record as supporting anything.

Outgoing Budget Committee Chairman Kent Conrad announced that his committee would be marking up a budget, but his efforts were shut down by Harry Reid.

Power Line reports:

Then, earlier this afternoon, Conrad gave a press conference in which he made the stunning announcement that there will be no budget markup after all. Instead, he will present a budget to the Budget Committee tomorrow. There will be no amendments and there will be no votes; not, at least, until after the election. Apparently Conrad had been proceeding on his own initiative, and at the 11th hour Harry Reid–supported by members of his caucus who do not want to have to go on record in favor of any budget–shut down the process.

Whoops!

The article further reports:

The content of Conrad’s budget is almost an afterthought, but it may be even worse than President Obama’s. It includes zero spending cuts from the existing baseline and increases taxes by $2.6 trillion, $700 billion more than Obama’s budget. Under Conrad’s budget, the federal debt (granting all assumptions underlying the calculations) would increase by $7 trillion.

A Daily Caller article posted today tells what happens next: 

Without a formal budget process, the 2013 budget will be prepared in a closed-door, end-of-year conference meeting of Senate and House leaders.

It’s time to elect people to Congress who care more about the country than their own political futures.

 
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There Is No Real News Value To This Story–It Is Simply Nostalgic !

On Monday Business Insider posted a series of pictures taken inside the Intrepid–the parts where tourists are not allowed. Since my husband was in a Naval Air Squadron that was stationed on the Intrepid in the late 1960’s, I stopped to look at the pictures. Please follow the link above for the tour!

There are some lights on back here so it's easy to spot the odd items that make this feel like a time-warp — this type of soda was popular in the 1970s

This is one example of the time warp they discovered. When was the last time you saw a patio soda can?

The Navy brought us to New England and we stayed because we fell in love with the people and the scenery. I still have not gotten used to the climate!

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How’s That Green Jobs Thing Working For You ?

Breitbart.com reported yesterday that President Obama’s ‘green jobs‘ initiative has not worked very well. The source of their story was a Reuters story that had been posted on Friday.

Since 2009, although the energy capacity of wind farms has almost doubled, the industry has lost 10,000 jobs. During that same time period, the oil and gas industry have created 75,000 jobs.

Reuters reports:

The program’s (the $500 million job-training program that aims to train workers for skills they would need in a new “green economy“) initial results were so poor that the Labor Department‘s inspector general recommended last fall that the agency should return the $327 million that remained unspent.

The numbers have improved somewhat since then, but the department remains far short of its goal of placing 80,000 workers into green jobs by 2013.

By the end of 2011, some 16,092 participants had found new work in a “green” field, according to the Labor Department – roughly one-fifth of its target. The program also helped employed workers upgrade their skills.

At some point are we going to stop wasting taxpayer money on things that don’t work? This is a glaring example of a place where the federal budget could be seriously cut without endangering anyone’s existence.

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When Legislation Gets Out Of Hand

Yesterday the Daily Caller posted an article about the Dodd-Frank bill that was supposed to remedy the problems that caused the 2008 economic meltdown. Aside from the fact that the bill does not address the major cause of the meltdown–the sub-prime mortgage market, there are a few other issues with the bill.

The article reports:

According to a release The Daily Caller obtained that will be sent out with the announcement of the new Web service, the legislation — and the rules government regulators have written to go with it — has already had a profound effect on the financial sector.

Regulators have written only 185 of the expected 400 rules. But those 185 rules are expected to cost the private sector more than 24 million man-hours each year to comply.

How much money does 24 million man-hours actually cost the private sector?

The article further points out:

Texas Republican Rep. Randy Neugebauer, the chairman of the committee’s subcommittee on oversight and investigations, told The Daily Caller that means that instead of hiring people to handle small business loans, banks will be hiring staff to comply with the new government regulations, ultimately having a negative impact on job creation.

“For example, let’s just get it down to the community banker — the person that loans money to most of the small businesses in our country,” Neugebauer said in a phone interview. “We’ve had a few community bankers come in here and say, ‘you know, they’re hiring a lot more compliance officer than they are loan officers.’ That is increasing the cost of banking and, ultimately, they have to charge higher interest rates and higher fees.”

Punishing people who make a profit will not prevent financial difficulties in the future, it will only create them. It is time we repealed Dodd-Frank and waited for a pro-business Congress to rewrite it. There is nothing wrong with being pro-business–business provides jobs and income for Americans. If we do not support business, we will eventually have a nation where everyone expects the government to support them and there is no one to pay taxes to the government. Unless there is serious change in Washington, that is where we are headed.

 

 

 
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Giving Away America’s Resources

New Siberian Islands map Bennett island

New Siberian Islands map Bennett island (Photo credit: Wikipedia)

This is truly under the radar. The Washington Times was the only reliable source I could find on this. The source for the Washington Times article was World Net Daily.

The Obama Administration is planning to give away seven islands in the Arctic Ocean. They are planning to give these islands and the tens of thousands of square miles of oil-rich seabeds surrounding the islands to Russia as part of a maritime boundary agreement between Alaska and Siberia.

World Net Daily reports:

The agreement was negotiated in total secrecy. The state of Alaska was not allowed to participate in the negotiations, nor was the public given any opportunity for comment. This is despite the fact the Alaska Legislature has passed resolutions of opposition – but the State Department doesn’t seem to care.

This is the list of the islands involved:

The imperiled Arctic Ocean islands include Wrangel, Bennett, Jeannette and Henrietta. Wrangel became American in 1881 with the landing of the U.S. Revenue Marine ship Thomas Corwin. The landing party included the famed naturalist John Muir. It is 3,000 square miles in size.

Northwest of Wrangel are the DeLong Islands, named for George Washington DeLong, the captain of USS Jeannette. Also in 1881, he discovered and claimed these three islands for the United States. He named them for the voyage co-sponsor, New York City newspaper publisher James Gordon Bennett. The ship’s crew received a hero’s welcome back in Washington, and Congress awarded them gold medals.

In the Bering Sea at the far west end of the Aleutian chain are Copper Island, Sea Lion Rock and Sea Otter Rock. They were ceded to the U.S. in Seward’s 1867 treaty with Russia.

The World Net Daily article ends with the following statement by the author:

Author’s addendum, Feb. 17, 2012: This is not a new issue. In fact the Bush and Clinton administrations are directly at fault for the same inaction. A maritime agreement negotiated by the U.S. State Department set the Russian boundary on the other side of the disputed islands, but no treaty has ratified this action. Consequently, it is within the president’s power to stop this giveaway. The Alaska delegation’s failure to put pressure on the administration is inexplicable. State Department Watch, an organization that assisted with this article, has confronted each administration and is currently confronting the Obama administration — and has been met by silence. I’m hoping this piece will help reinvigorate efforts to stop this handover.

I don’t know how many people actually read this blog, but I would really appreciate it if some of them will send an email to their Congressman about this land deal. At some point in the very near future, the existence of America will depend on our energy independence. That time will probably come before the practicality of ‘green energy.’ It is not wise to give away a resource that may be necessary for the survival of America.


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Hidden In The Highway Bill Passed In March

Thomas.gov posts the text of bills that have passed Congress. They also post the votes and other details about the bills. The Highway Bill that passed the Senate was S.1813. It passed on March 19th. There were a few things in the bill that should be of concern to Americans.

This is one part of the bill I am concerned about:

SEC. 7345. REVOCATION OR DENIAL OF PASSPORT IN CASE OF CERTAIN TAX DELINQUENCIES.

    `(a) In General- If the Secretary receives certification by the Commissioner of Internal Revenue that any individual has a seriously delinquent tax debt in an amount in excess of $50,000, the Secretary shall transmit such certification to the Secretary of State for action with respect to denial, revocation, or limitation of a passport pursuant to section 4 of the Act entitled `An Act to regulate the issue and validity of passports, and for other purposes’, approved July 3, 1926 (22 U.S.C. 211a et seq.), commonly known as the `Passport Act of 1926′.
    `(b) Seriously Delinquent Tax Debt- For purposes of this section, the term `seriously delinquent tax debt’ means an outstanding debt under this title for which a notice of lien has been filed in public records pursuant to section 6323 or a notice of levy has been filed pursuant to section 6331, except that such term does not include–
    `(1) a debt that is being paid in a timely manner pursuant to an agreement under section 6159 or 7122, and
    `(2) a debt with respect to which collection is suspended because a collection due process hearing under section 6330, or relief under subsection (b), (c), or (f) of section 6015, is requested or pending.
    `(c) Adjustment for Inflation- In the case of a calendar year beginning after 2012, the dollar amount in subsection (a) shall be increased by an amount equal to–
    `(1) such dollar amount, multiplied by
    `(2) the cost-of-living adjustment determined under section 1(f)(3) for the calendar year, determined by substituting `calendar year 2011′ for `calendar year 1992′ in subparagraph (B) thereof.
    If any amount as adjusted under the preceding sentence is not a multiple of $1,000, such amount shall be rounded to the next highest multiple of $1,000.’.
    (b) Clerical Amendment- The table of sections for subchapter D of chapter 75 of the Internal Revenue Code of 1986 is amended by adding at the end the following new item:
    `Sec. 7345. Revocation or denial of passport in case of certain tax delinquencies.’.
    (c) Authority for Information Sharing-
    (1) IN GENERAL- Subsection (l) of section 6103 of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:
    `(23) DISCLOSURE OF RETURN INFORMATION TO DEPARTMENT OF STATE FOR PURPOSES OF PASSPORT REVOCATION UNDER SECTION 7345-
    `(A) IN GENERAL- The Secretary shall, upon receiving a certification described in section 7345, disclose to the Secretary of State return information with respect to a taxpayer who has a seriously delinquent tax debt described in such section. Such return information shall be limited to–
    `(i) the taxpayer identity information with respect to such taxpayer, and
    `(ii) the amount of such seriously delinquent tax debt.
    `(B) RESTRICTION ON DISCLOSURE- Return information disclosed under subparagraph (A) may be used by officers and employees of the Department of State for the purposes of, and to the extent necessary in, carrying out the requirements of section 4 of the Act entitled `An Act to regulate the issue and validity of passports, and for other purposes’, approved July 3, 1926 (22 U.S.C. 211a et seq.), commonly known as the `Passport Act of 1926′.’.
    (2) CONFORMING AMENDMENT- Paragraph (4) of section 6103(p) of such Code is amended by striking `or (22)’ each place it appears in subparagraph (F)(ii) and in the matter preceding subparagraph (A) and inserting `(22), or (23)’.
    (d) Revocation Authorization- The Act entitled `An Act to regulate the issue and validity of passports, and for other purposes’, approved July 3, 1926 (22 U.S.C. 211a et seq.), commonly known as the `Passport Act of 1926′, is amended by adding at the end the following:

`SEC. 4. AUTHORITY TO DENY OR REVOKE PASSPORT.

    `(a) Ineligibility-
    `(1) ISSUANCE- Except as provided under subsection (b), upon receiving a certification described in section 7345 of the Internal Revenue Code of 1986 from the Secretary of the Treasury, the Secretary of State may not issue a passport or passport card to any individual who has a seriously delinquent tax debt described in such section.
    `(2) REVOCATION- The Secretary of State shall revoke a passport or passport card previously issued to any individual described in subparagraph (A).
    `(b) Exceptions-
    `(1) EMERGENCY AND HUMANITARIAN SITUATIONS- Notwithstanding subsection (a), the Secretary of State may issue a passport or passport card, in emergency circumstances or for humanitarian reasons, to an individual described in subsection (a)(1).
    `(2) LIMITATION FOR RETURN TO UNITED STATES- Notwithstanding subsection (a)(2), the Secretary of State, before revocation, may–
    `(A) limit a previously issued passport or passport card only for return travel to the United States; or
    `(B) issue a limited passport or passport card that only permits return travel to the United States.’.
    (e) Effective Date- The amendments made by this section shall take effect on January 1, 2013.

Note that this portion of the bill does not take effect until January 1, 2013–after the November election.

In September 2010, the Los Angeles Times reported:

Privacy laws prevent release of individual tax delinquents’ names. But we do know that as of the end of 2009, 41 people inside Obama’s very own White House owe the government they’re allegedly running a total of $831,055 in back taxes. That would cover a lot of special chocolate desserts in the White House Mess.

In the House of Representatives, 421 people owe a total $6,524,892. In the Senate, 217 owe $2,774,836. In the IRS’ parent department, Treasury, 1,204 owe $7,670,814. At the Labor Department, where Secretary Hilda Solis’ husband had some back-tax problems before her confirmation, 463 owe $7,481,463. Eighty-one workers for the Federal Reserve System’s board of governors owe $1,076,733.

Over at the Justice Department, which is so busy enforcing other laws and suing Arizona, 1,971 employees still owe $14,350,152 in overdue taxes.

Does this new law apply to those people?

 

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