Wednesday, July 20, 2011

Taxes

Your Tax Dollars at Work

A TAXPAYER-FUNDED EXHIBIT EQUATES REPUBLICAN GOVE
RNORS WITH NAZISM, AND COINCIDENTALLY PROVES PROGRESSIVE DELUSIONS.

"Artist" Sean Michael Stimac has released his piece, "The Faces of Fascism," for display at the Marquette (Michigan) Arts and Cultural Center. In it, Republican governors Walker, Kasich, Scott, and Snyder appear on a Nazi-style propaganda poster with the visage of the Third Reich's eagle, and in its talons is not the swastika, but the Republican Party's token elephant.

First of all, I'D EXPECT A BIT MORE PROFUNDITY OR POSSIBLY A BIT OF ABSTRACTION FROM "ART" THAT HAS BEEN EXHIBITED AS HIGH-BROW STUFF AT A POPULAR CULTURAL CENTER. Instead, this piece has all the value of an unoriginal political cartoon, giving us the same baseless, in-your-face nonsense we've always gotten from the dimwitted left- you know, Bush is a Nazi, ScottWalker's a Nazi, Tea Partiers are Nazis, blah, blah, blah. But WHAT REALLY STANDS OUT HERE IS THE SHEER STUPIDITY AND INEFFECTIVENESS OF THIS PARTICULAR EFFORT. Take a look at the left.

http://www.americanthinker.com/blog/2011/07/taxpayer-funded_exhibit_slurs_gop_govs_as_nazis.html

Sigh. This is simply pathetic.

CEO of Wynn goes on anti-Obama rant

…AND I'M SAYING IT BLUNTLY, THAT THIS ADMINISTRATION IS THE GREATEST WET BLANKET TO BUSINESS, AND PROGRESS AND JOB CREATION IN MY LIFETIME. And I can prove it and I could spend the next 3 hours giving you examples of all of us in this market place that are frightened to death about all the new regulations, our healthcare costs escalate, regulations coming from left and right. A President that seems, that keeps using that word redistribution. WELL, MY CUSTOMERS AND THE COMPANIES THAT PROVIDE THE VITALITY FOR THE HOSPITALITY AND RESTAURANT INDUSTRY, IN THE UNITED STATES OF AMERICA, THEY ARE FRIGHTENED OF THIS ADMINISTRATION. And it makes you slow down and not invest your money. Everybody complains about how much money is on the side in America.

You bet and until we change the tempo and the conversation from Washington, it's not going to change. And THOSE OF US WHO HAVE BUSINESS OPPORTUNITIES AND THE CAPITAL TO DO IT ARE GOING TO SIT IN FEAR OF THE PRESIDENT. AND A LOT OF PEOPLE DON'T WANT TO SAY THAT. THEY'LL SAY, GOD, DON'T BE ATTACKING OBAMA. WELL, THIS IS OBAMA'S DEAL AND IT'S OBAMA THAT'S RESPONSIBLE FOR THIS FEAR IN AMERICA….

http://www.businessinsider.com/wynn-ceo-steve-wynn-conference-call-transcript-obama-2011-7#ixzz1SYKdhFIx

And this guy is a democrat who voted for Obama in 2008.
Why The Democratic Party Is Doomed

THE DEMOCRATIC PARTY, AS WE HAVE KNOWN IT FOR THE PAST 70 YEARS, IS NOW IN ITS LAST DAYS.

Yes, the House Republicans may raise the debt ceiling for a mix of spending cuts and revenue raisers. Yes, Barack Obama may win the 2012 presidential contest. Yes, bureaucrats and judges will continue to impose new and costly regulations on the economy.

But it doesn’t matter. THE LONG-TERM TRENDS ARE ALMOST ALL BAD NEWS FOR THE LEFT WING OF THE PARTY.

This week’s fight over raising the federal debt limit exposes a key weakness in the warfare-welfare state that has bestowed power onto the Democratic Party: WITHOUT AN EVER-GROWING SHARE OF THE ECONOMY, IT DIES. EVERY VITAL ELEMENT OF THE DEMOCRATS’ COALITION — UNIONS, GOVERNMENT WORKERS, GOVERNMENT CONTRACTORS, “ENTITLEMENT” CONSUMERS — REQUIRES CONSTANT INCREASES IN PAYMENTS, GRANTS AND CONSULTING CONTRACTS. Without those payments, they don’t sign checks to re-elect Democrats.

Like it or not, OBAMA IS NOT THE NEW FDR, BUT THE NEW GORBACHEV: a man forced to preside over the demise of a political system he desperately wants to save….

http://blogs.forbes.com/richardminiter/2011/07/18/why-the-democratic-party-is-doomed/

This is a fun and hopeful read. And while the Democrats will deny it, those in the know are aware of the precarious state they are in. That’s why they hate the TEA Party so much.

The Hysterically Outdated SEIU Intimidation Manual.

BACKGROUND ON THIS: the SEIU was forced to cough up a copy of its “Contract Campaign Manual” as part of a court case – and it’s an interesting little document. The whole thing reads, as F. Vincent Vernuccio notes in the Washington Times, as A STEP-BY-STEP CHECKLIST ON HOW TO MANIPULATE… JUST ABOUT EVERYTHING, REALLY… IN THE COURSE OF FORCING FAVORABLE NEGOTIATION TERMS. Mostly because that’s what it actually is.
Lots of people are going to concentrate on passages like this:

Union members sometimes must act in the tradition of Dr. Marin Luther King and Mohatma Gandhi and disobey laws which are used to enforce injustice against working people.

or

It may be a violation of blackmail and extortion laws to threaten management officials with release of ‘dirt’ about them if they don’t settle a contract. But there is no law against union members who are angry at their employer deciding to uncover and publicize factual information about individual managers.

…as they should, frankly. But looking at the document itself tells you something interesting ABOUT SEIU: IT APPARENTLY HASN’T HAD AN ORIGINAL THOUGHT IN ITS COLLECTIVE HEAD SINCE, I DON’T KNOW, ABOUT 1985 OR SO*…..

http://moelane.com/2011/07/18/the-hysterically-outdated-seiu-intimidation-manual/

SEIU is a pillar in the Democrat Party. And like the other union pillars it is crumbling from corruption and abuse.


Hauser’s Law is in effect in the USA

Now, if Hauser’s law is as spot-on as it has been in the past and it’s going to be difficult to raise the government’s revenue level much beyond the 20% of GDP mark..."

-- John Hawkins

Welcome to Hauser's Law, a piece of economic theory that could turn out to be quite relevant in the next few decades. LONG STORY SHORT, TAX RATES GO UP AND DOWN, BUT THE AMOUNT OF REVENUE THE GOVERNMENT BRINGS IN HAS TURNED OUT TO BE FAIRLY STATIC.

The reason this is so relevant is that the Democrats, although they loathe to publicly admit it, want America to look much more like Western Europe: They want much bigger government and they want the populace paying a significantly higher tax rate to pay for it. They've been quite successful at getting the bigger government part implemented, but REPUBLICANS HAVE MANAGED TO BLOCK THE HIGHER TAXES. HAUSER'S LAW SUGGESTS THAT EVEN IF DEMOCRATS GOT THEIR HEARTS’ DESIRE AND DRAMATICALLY RAISED TAXES, IT WOULDN'T GENERATE THE REVENUES LIBERALS EXPECT. In other words, big government may be even more financially unfeasible in this country over the long term than it is in places like Greece or Spain -- which would hardly be a shocker given that OUR FOUNDING FATHERS WERE HIGHLY INDIVIDUALISTIC, TAX-HATING, SMALL GOVERNMENT FANATICS WHO CLUNG TO THEIR GUNS AND RELIGION.

http://townhall.com/columnists/johnhawkins/2011/07/19/5_american_economic_statistics_that_will_blow_your_mind/page/full/

This is the fly in the ointment when the Democrats complain that the tax rates used to be much higher. They generally couple this with “and growth was greater.” Of course the revenue collected was not larger, but the people calling for higher tax growth was greater. The world was recovering from a world war, technology was creating new wealth, and new markets were opening in former colonial possessions. The pie was getting bigger!!! Now we have more countries competing for their piece of this pie and the growth we are experiencing is helped by the lower tax rates so that money can go where it will do the most good. But the fly in the ointment I mentioned at the beginning of these comments was that tax revenue wasn’t bigger.

TAXINGCLOSING TAX LOOPHOLES CUTTING TAX EXPENDITURES ON HOLLYWOOD:

Dave Hardy emails:

Check out the Domestic Production Activities Deduction (§199), created by the American Jobs Creation Act of 2004. It classifies moviemaking as a production activity, and gives a tax credit for it (I think 9% or half of salaries paid, whichever is less). (Might PajamasTV qualify, I dunno). Hollywood thus gets a special tax credit of its own, on the theory (which Hollywood types would reject if applied to anyone else) that reducing taxes increases employment.

Plus lots of States give tax credits for the same. I know Arizona does. And often they’re transferable, so that if Disney films in AZ but doesn’t pay taxes here, it can sell the tax credit to someone who does.

http://pajamasmedia.com/instapundit/123928/

Well this is a tax loophole I could support closing.

O’Keefe’s latest sting

James O'Keefe has released A NEW STING VIDEO TARGETING THE MEDICAID PROGRAM in the spirit of his earlier attacks on Planned Parenthood and ACORN.

In this video, TWO MEN APPARENTLY PRESENT THEMSELVES AT THE OFFICES OF THE OHIO DEPARTMENT OF JOB AND FAMILY SERVICES AS RUSSIAN DRUG DEALERS seeking advice on applying for benefits.

In one encounter in the heavily edited video, the men disclose their work as selling "Bob Marley pharmaceuticals" that they hide under their floorboards. THE CASE WORKER APPEARS TO COACH THEM TO CALL THEIR OCCUPATION "BABYSITTING" and informs them that they are not at risk of having their homes searched as part of their Medicaid application.

"WE'RE NOT POLICE," SHE SAYS.

She also says she "just wouldn't mention" the sports car the men say they imported for $800,000 when filling their application.

When the men disclose they need an abortion for their underage sister who performs "sexual favors" for clients when closing deals, the state employee refers them to Planned Parenthood for free abortions that do not require parental consent….

http://www.politico.com/news/stories/0711/59305.html#ixzz1SYhehaW2

We have a government that pats down 95 year old cancer victims and 6 year old children while covering up for supposed drug dealers. This is the kind of government the left envisions for America.

Spend It Like Bush

WHAT IF, OVER THE NEXT DECADE, THE FEDERAL GOVERNMENT SPENDS AS IRRESPONSIBLY AS PRESIDENT GEORGE W. BUSH DID?

Compare two things: the 2012-2021 federal budget as proposed by President Obama in February (and as scored by the Congressional Budget Office in April), and the actual average spending level from 2001 through 2008 as a fraction of Gross Domestic Product. WE'LL KEEP THE CBO'S PREDICTIONS OF REVENUES AND GDP UNTOUCHED SO THAT ONLY SPENDING DIFFERENCES ARE COMPARED.

The CBO scored Obama's proposed budget as costing $46.2 trillion over 2012-2021, or 23.5% of GDP on average. Since the CBO expects $36.7 trillion in revenues over that time frame, the 10-year CUMULATIVE DEFICIT WOULD BE $9.5 TRILLION. THAT IS THE OBAMA PLAN, AND THE ONLY ONE HE HAS PUT IN WRITING THIS YEAR.

For President Bush's numbers, we can use the White House Office of Management and Budget numbers (Table 1.2). Federal spending under Bush, from 2001 through 2008, varied between 18.2% and 20.7% of GDP, and averaged 19.6% of GDP.

Now we can do a simple ratio calculation. If we were to spend at the Bush rate (19.6% of GDP) instead of the Obama rate (23.5% of GDP), total spending over 2012-21 would be $38.5 trillion instead of $46.2 trillion.

THAT IS A $7.7 TRILLION DIFFERENCE! Here is a table, to make the comparisons easy.
2012-2021 Federal Budget Projections

Obama's Plan
(as scored by CBO) At Bush's Spending Rate (as % of GDP)
Revenues                     $36.702 T                                           $36.702 T
Spending                     $46.172 T                                            $38.509 T
Cumulative Deficit       $9.470 T                                            $1.807 T
Cumulative Deficit        4.8% of GDP                                       0.92% of GDP
Debt held by the public in 2021
                                    $20.806 T                                            $13.143 T*
Debt held by the public in 2021
                                       87.4% of GDP                                   55.2% of GDP*

http://www.americanthinker.com/2011/07/spend_it_like_bush.html

Once again we see there are 7 trillion dollars in excess spending created by this president.


E. coli's genetic code has been hacked

THE GENETIC CODE COMMON TO ALL LIFE IS NOT SET IN STONE. WE CAN CHANGE IT AT ITS MOST FUNDAMENTAL LEVEL FOR OUR OWN PURPOSES. Genetic engineers have invented a new way to quickly, precisely and thoroughly rewrite the genome of living bacteria.

The technique could make drug-producing bacteria immune to viruses, prevent laboratory engineered organisms from genetically contaminating wildlife and enable scientists to construct proteins that do not exist in nature.

FARREN ISAACS OF YALE UNIVERSITY LED THE TEAM THAT THIS WEEK PROVES IT IS POSSIBLE TO MAKE NUMEROUS AND VERY PRECISE CHANGES IN THE GENOME OF LIVING CELLS. "In the process we are recoding organisms that could have completely new functionality."…

http://www.newscientist.com/article/dn20694-e-colis-genetic-code-has-been-hacked.html

We are living in a “Brave New World.”

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