A blog from the center trying to save the middle class from being totally screwed by the elites from both parties.
Showing posts with label taxpayers. Show all posts
Showing posts with label taxpayers. Show all posts
Friday, January 25, 2013
Eva Longoria needs to just STFU!
Latino actress and illegal immigrant activist Eva Longoria has been saying illegal immigrants don't cost U.S. taxpayers any money. She needs to keep her mouth shut before she has the facts. Here is exhibit A:
"Medicare payments to health care providers for services rendered to illegal aliens totaled more than $91.6 million from 2009 to 2011, a new report released by the Department of Health and Human Services Office of the Inspector General revealed." -Daily Caller
Wednesday, March 23, 2011
SOCIAL SECURITY DISABILITY ABOUT TO GO BELLY UP HERE'S WHY!
Here's something honest taxpayers should file in their "Hola Suckers" file:
CAGUAS, Puerto Rico—This mountainside town is home to a picturesque cathedral, a tobacco museum and a Wal-Mart Supercenter. Another defining feature: Caguas's 00725 zip code has more people who receive a disability check than any other in the U.S.Sure smells like waste fraud and abuse to me! Perhaps a little Federal Government scrutiny of the beneficiaries might be in order to weed out the slackers and save us taxpayers some money.
Puerto Rico has emerged in recent years as one of the easiest places in the U.S. to get payments from the Social Security Disability Insurance program, created during the Eisenhower administration to help people who can't work because of a health problem. In 2010, 63% of applicants there won approval, four percentage points higher than New Jersey and Wyoming,- Wall Street Journal
Labels:
federal government,
fraud,
Puerto Rico,
Social Security,
SSDI,
taxpayers,
WASTE
Saturday, February 26, 2011
OBAMA TAKING OUT THE TRASH FRIDAY COSTING TAXPAYERS ANOTHER BILLION
Looks like the Obama Administration is taking out the trash tonight and it it does smell that's why they do it on Friday night. This concerns another billion dollar give away by the Obama Administration here are some of the money quotes:
"The Obama administration is offering at least $1.3 billion to settle complaints from female and Hispanic farmers who say they faced discrimination from the Agriculture Department.
The Agriculture and Justice departments announced Friday that farmers who could prove discrimination could receive up to $50,000. The proposal comes after the government settled with American Indians over similar discrimination issues last fall and Congress provided money for the second round of a black farmers settlement."
Pubilus asks the right question:
"Quick question: Is the USDA one of the more racist organizations to ever exist? I mean, we’ve had TWO rounds of settlements with black farmers, a settlement with Native Americans and now these two proposed settlements. All for alleged discrimination that, if the allegations are true, was rampant and systemic. Seriously, is anyone going to be fired over there?"
I would add that maybe some people at the Justice Department need to get the ax too. Since they don't seem to be defending the Federal Government laws or U.S. taxpayers money these days.
"The Obama administration is offering at least $1.3 billion to settle complaints from female and Hispanic farmers who say they faced discrimination from the Agriculture Department.
The Agriculture and Justice departments announced Friday that farmers who could prove discrimination could receive up to $50,000. The proposal comes after the government settled with American Indians over similar discrimination issues last fall and Congress provided money for the second round of a black farmers settlement."
Pubilus asks the right question:
"Quick question: Is the USDA one of the more racist organizations to ever exist? I mean, we’ve had TWO rounds of settlements with black farmers, a settlement with Native Americans and now these two proposed settlements. All for alleged discrimination that, if the allegations are true, was rampant and systemic. Seriously, is anyone going to be fired over there?"
I would add that maybe some people at the Justice Department need to get the ax too. Since they don't seem to be defending the Federal Government laws or U.S. taxpayers money these days.
Friday, February 25, 2011
TAKE A LOAD OFF YOUR FANNIE & FREDDIE
AND YOU PUT THE LOAD RIGHT ON ME AND OTHER TAXPAYERS!
Amazing about how mum the major media outlets have been when it comes to another taxpayer bailout. I'm talking about the continuing taxpayer bailout of Freddie Mac and Fannie Mae. Here are the money quotes literally:
"WASHINGTON (AP) - Government-controlled mortgage buyer Freddie Mac managed a narrower loss of $1.7 billion for the October-December quarter of last year. But it has asked for an additional $500 million in federal aid—up from the $100 million it sought in the previous quarter. Freddie Mac also posted a $19.8 billion loss for all of 2010."
"The government rescued Freddie Mac and sibling company Fannie Mae in September 2008 to cover their losses on soured mortgage loans. It estimates the bailouts will cost taxpayers as much as $259 billion."
So who is responsible for this mess. A lot of people especially "Bailout" Barney Frank and a lot of other Democrats like Maxine Walters, Ralph Meeks, and others "roll the videotape":
But, above it all there is the audacity of Barney Frank:
Amazing about how mum the major media outlets have been when it comes to another taxpayer bailout. I'm talking about the continuing taxpayer bailout of Freddie Mac and Fannie Mae. Here are the money quotes literally:
"WASHINGTON (AP) - Government-controlled mortgage buyer Freddie Mac managed a narrower loss of $1.7 billion for the October-December quarter of last year. But it has asked for an additional $500 million in federal aid—up from the $100 million it sought in the previous quarter. Freddie Mac also posted a $19.8 billion loss for all of 2010."
"The government rescued Freddie Mac and sibling company Fannie Mae in September 2008 to cover their losses on soured mortgage loans. It estimates the bailouts will cost taxpayers as much as $259 billion."
So who is responsible for this mess. A lot of people especially "Bailout" Barney Frank and a lot of other Democrats like Maxine Walters, Ralph Meeks, and others "roll the videotape":
But, above it all there is the audacity of Barney Frank:
Labels:
bailout,
Barney Frank,
Congress,
Fannie Mae,
Freddie Mac,
mortgages,
sub,
taxpayers
Wednesday, February 23, 2011
DAVID BROOKS ON THE REALITY IN WISCONSIN
I don't always agree with New York Times columnist David Brooks but, I think he is spot on in his recent column concerning the goings on in Wisconsin. Here are some of the money quotes:
Brooks goes on:
What the Liberal Democrats and their fellow travels in the teacher and other unions have to realize that the bad economy has finally caught up to them. Those of us who have be living under what GE executive Jeff Immelt called "the New normal" have been deal with it for awhile now. It's time for them to face reality and not keep plundering the taxpayers pockets because there is no more money there.
"Walker’s critics are amusingly Orwellian. They liken the crowd in Madison to the ones in Tunisia and claim to be fighting for democracy. Whatever you might say about Walker, he and the Republican majorities in Wisconsin were elected, and they are doing exactly what they told voters they would do. It’s the Democratic minority that is thwarting the majority will by fleeing to Illinois."So much for the runaway Democrats who flee our democratic principles and their responsibilities when they can't get their way.
Brooks goes on:
"In Wisconsin and elsewhere, state-union relations are structurally out of whack.That’s because public sector unions and private sector unions are very different creatures. Private sector unions push against the interests of shareholders and management; public sector unions push against the interests of taxpayers. Private sector union members know that their employers could go out of business, so they have an incentive to mitigate their demands; public sector union members work for state monopolies and have no such interest. "
What the Liberal Democrats and their fellow travels in the teacher and other unions have to realize that the bad economy has finally caught up to them. Those of us who have be living under what GE executive Jeff Immelt called "the New normal" have been deal with it for awhile now. It's time for them to face reality and not keep plundering the taxpayers pockets because there is no more money there.
Labels:
David Brooks,
Democrats,
demonstrations,
taxpayers,
Teachers union,
union,
Wisconsin
Saturday, February 19, 2011
DOCTOR HELPS UNION TEACHERS RIP OFF WISCONSIN TAXPAYERS
I sure hope someone finds out who this Doctor is who was signing sick forms for teachers union members who called in sick so they could go to protests and get paid for it too! Smells like fraud to me!
"MediaTrackers is on the scene for today’s protests in Madison. They captured this doctor on video signing ’sick’ forms for union members skipping work. As you know, hundreds of schools across the state have been forced closed because teachers have called in ’sick.’ Yet another good lesson to be teaching the next generation. Stay tuned for more video and reports from Madison."
Hats off to Mediatrackers who captured this Doctor participating in a rip off of Wisconsin taxpayers. Let's hope the authorities find her and get some of money back she caused Wisconsin taxpayers to spend for the teachers fraudulent sickout.
"MediaTrackers is on the scene for today’s protests in Madison. They captured this doctor on video signing ’sick’ forms for union members skipping work. As you know, hundreds of schools across the state have been forced closed because teachers have called in ’sick.’ Yet another good lesson to be teaching the next generation. Stay tuned for more video and reports from Madison."
Hats off to Mediatrackers who captured this Doctor participating in a rip off of Wisconsin taxpayers. Let's hope the authorities find her and get some of money back she caused Wisconsin taxpayers to spend for the teachers fraudulent sickout.
Labels:
DOCTOR,
fraud,
MEDIATRACKERS,
protest,
SICKOUT,
taxpayers,
Teachers union,
Teachers unions,
Wisconsin
Tuesday, August 11, 2009
EL PRESIDENTE STUPIDIO OBAMA!
From the Washington Post:
"GUADALAJARA, Mexico, Aug. 10 -- President Obama, attending a North American summit with the leaders of Mexico and Canada, said Monday that his administration will pursue a comprehensive overhaul of the U.S. immigration system this year but that no action on legislation will happen before 2010.
Wrapping up the two-day meeting, Obama said that there needs to be "a pathway to citizenship" for millions of illegal immigrants in the United States, and that the system must be reworked to avoid tensions with Mexico. "
WHAT? There does not need to be a "pathway to citizenship" for the illegals in this country. There needs to be "pathway" for the illegal immigrants alright. A pathway to the border and the airports so they can be deported to the country's they came from. On the second point the "system" does not to be reworked. It's only our laws that need to be enforced by THE FEDERAL GOVERNMENT President Obama! You can start by enforcing the E-Verify employment procedures that make sure that projects using Stimulus tax dollars are using only workers that are legally able to work in the U.S. Something that the Obama administration has delayed FOUR TIMES!
"Without it, he said, Mexicans will keep crossing the border in dangerous ways and employers will continue exploiting workers. "We can create a system in which you have . . . an orderly process for people to come in, but we're also giving an opportunity for those who are already in the United States to be able to achieve a pathway to citizenship so that they don't have to live in the shadows,"
Rewarding those already here illegally with a path to citizenship. Oh yeah, that's a great policy. That's what the did with 1986 Immigration Reform Act. That really solved the illegal immigration problem. Obama does not seem to be able to grasp that it was a failed policy. As far the illegals living in the shadows. President Obama does this look like the illegal immigrants are living in the shadows?
Long Island, New York
Monday, April 27, 2009
Air Force One photo op with our taxpayer dollars
It seems there was a photo op of Air Force One (Obama was not onboard) over lower Manhattan this morning. There are a couple of things wrong with this stunt. One is why is it being done i.e. what do they know that we don't? The second in these hard economic times does the Obama Administration really need to conduct "photo ops" with fuel guzzling (taxpayer dollar sucking) planes like 747 aircraft? Especially for "photo ops" over lower Manhattan where low flying aircraft can make citizens nervous. This was a very stupid and costly idea!
Friday, April 03, 2009
DEMOCRATS PASS OBAMA'S $3.5 TRILLION BUDGET
"Congressional Democrats overwhelmingly embraced President Obama's ambitious and expensive agenda for the nation yesterday, endorsing a $3.5 trillion spending plan that sets the stage for the president to pursue his most far-reaching priorities."- Washington Post
I thought the Republicans spent too much when they were in power. I guess I forget how much worse things could be when the Democrats are in charge.

BREAKING NEWS!: My girlfriend got some extra money in her paycheck from the last Democrats/Obama money spending scheme aka "The Stimulus Bill" I hope she does not spend the $17.00 all in one place!

I thought the Republicans spent too much when they were in power. I guess I forget how much worse things could be when the Democrats are in charge.

BREAKING NEWS!: My girlfriend got some extra money in her paycheck from the last Democrats/Obama money spending scheme aka "The Stimulus Bill" I hope she does not spend the $17.00 all in one place!
ANYONE FOR A TEA PARTY?

Labels:
budget,
Democrats,
money,
Obama,
Stimulus Bill,
tax payers,
taxes,
taxpayers
Wednesday, March 04, 2009
OBAMA'S FORECLOSURE FOLLIES! OUR TAX DOLLARS!
Hello fellow sucker taxpayers! Remember Stanley Johnson?
Well President Obama is going to help him and millions of others using about 75 billion of our taxpayer dollars to bailout the lenders and borrowers who made and got loans that should have never been made in the first place. And guess who is going to help pay for this foreclosure bailout plan. Yes you and me the responsible tax payers!
Here is what President Obama said:
" We have launched a housing plan that will help responsible families facing the threat of foreclosure lower their monthly payments and refinance their mortgages. It's a plan that won't help speculators or that neighbor down the street who bought a house he could never hope to afford."
Oh yeah Mr. President? The Associated Press has Ben Bernanke telling us something completly different:
"AP, Feb. 25: Defending the program Tuesday at a Senate hearing, Federal Reserve Chairman Ben Bernanke said it's important to save those who made bad calls, for the greater good. He likened it to calling the fire department to put out a blaze caused by someone smoking in bed. "I think the smart way to deal with a situation like that is to put out the fire, save him from his own consequences of his own action but then, going forward, enact penalties and set tougher rules about smoking in bed."
No Mr. Bernanke the person who is smoking in bed deserves to get burned. You don't just toss the cigarette to us taxpayers who just happen to live next door and think everything will be fine.
Then there is this ends justify the means rational from Sheila Bair:
"I think it's just simply impractical to try to do a forensic analysis of each and every one of these delinquent loans," she told NPR.
Wait a minute! You don't think it's practical to look at these loans. Isn't that how the banks got into this mess in the first place? But, there's more to this idiotic logic.
And, Bair added, it's in the "collective economic interest" to not have more foreclosed homes on the market. "To try to punish all of those parties now by foreclosing on more homes, putting more families on the street, putting more houses onto the inventory, creating more downward pressure on home prices when you have so much inventory on the market right now. Is that in our collective economic interest to do that? I just don't think that it is."
That's the problem with people like this in the Obama administration they don't think! While foreclosure is certainly bad for the reckless borrowers and the banks who gave out the loans. Having us responsible taxpayers bail this bad behavior is not the answer. Let the foreclosures happen and then there will be opportunities for more responsible people to get into these homes. People like:
Lynn Powers, 39, a Bethesda, Md., resident who describes herself as a “liberal Democrat” who has been hardworking, prudent and responsible — and now feels “like a fool."“We were in the market,” she says. “We put out eight bids and got outbid every time. It was very upsetting for us. I want to see some accountability and responsibility across the board. The only way for me to have an affordable home, and I’m not looking for a McMansion at all, is if we let the chips fall, in a sense. This is still the bubble — the prices have to come down. You can’t just subsidize some of the people. I don’t know how you deleverage. It is going to be painful, but this is also hurting the people who behaved responsibly.”
What does she mean by “responsibly”?
“People who didn’t overbuy. Who stuck to their guns. Who read their contracts,” she says. She and her husband wound up buying a 600-square-foot studio and moved to a rental when they had their daughter, now 18 months old.
“My husband and I paid for our cars in cash,” she says. “We have no credit card debt. We have no student loans. I don’t buy Starbucks, but that’s because they’re non-fair trade, nonenvironmental.”
When they tried to buy a house, she said, “We just felt outgunned.” And now, she says, “I feel very outgunned as a citizen.”
And she should feel out gunned. Her government is subsidizing the people who out bid her on some of those houses. Now when she and her husband might be able to grab a foreclosed property at a reasonable price the Obama administration is rigging the market. This chart from a TIME magazine article shows what has been happening due to the foreclosures.

The chart shows home prices approaching a more normal average so that responsible people like Lynn Powers and her husband can get another shot at being a homeowner. But, Obama's plan is to stop the foreclosures and so keep house prices artificially high.
I think this woman from Maryland pretty much sums up the feeling of many of us responsible taxpayers to Obama's misguided plan:
“I am an Obama supporter, campaigned for him, baked cookies for him; my husband and I are Democrats all the way, but this is the issue that gets our goat.”
Echoing Santelli’s complaint, a Silver Spring, Md., mom who did not want her name used adds: “I’m not sure why we should work and pay for someone else to have a granite countertop or an extra bathroom.” When asked about people who hadn’t overreached but had lost their down-?payment money when the value of their homes had dropped, she replies, “We put money in a 401(k), and we lost that money, and no one is going to give it back.”-Politico
Well President Obama is going to help him and millions of others using about 75 billion of our taxpayer dollars to bailout the lenders and borrowers who made and got loans that should have never been made in the first place. And guess who is going to help pay for this foreclosure bailout plan. Yes you and me the responsible tax payers!
Here is what President Obama said:
" We have launched a housing plan that will help responsible families facing the threat of foreclosure lower their monthly payments and refinance their mortgages. It's a plan that won't help speculators or that neighbor down the street who bought a house he could never hope to afford."
Oh yeah Mr. President? The Associated Press has Ben Bernanke telling us something completly different:
"AP, Feb. 25: Defending the program Tuesday at a Senate hearing, Federal Reserve Chairman Ben Bernanke said it's important to save those who made bad calls, for the greater good. He likened it to calling the fire department to put out a blaze caused by someone smoking in bed. "I think the smart way to deal with a situation like that is to put out the fire, save him from his own consequences of his own action but then, going forward, enact penalties and set tougher rules about smoking in bed."
No Mr. Bernanke the person who is smoking in bed deserves to get burned. You don't just toss the cigarette to us taxpayers who just happen to live next door and think everything will be fine.
Then there is this ends justify the means rational from Sheila Bair:
"I think it's just simply impractical to try to do a forensic analysis of each and every one of these delinquent loans," she told NPR.
Wait a minute! You don't think it's practical to look at these loans. Isn't that how the banks got into this mess in the first place? But, there's more to this idiotic logic.
And, Bair added, it's in the "collective economic interest" to not have more foreclosed homes on the market. "To try to punish all of those parties now by foreclosing on more homes, putting more families on the street, putting more houses onto the inventory, creating more downward pressure on home prices when you have so much inventory on the market right now. Is that in our collective economic interest to do that? I just don't think that it is."
That's the problem with people like this in the Obama administration they don't think! While foreclosure is certainly bad for the reckless borrowers and the banks who gave out the loans. Having us responsible taxpayers bail this bad behavior is not the answer. Let the foreclosures happen and then there will be opportunities for more responsible people to get into these homes. People like:
Lynn Powers, 39, a Bethesda, Md., resident who describes herself as a “liberal Democrat” who has been hardworking, prudent and responsible — and now feels “like a fool."“We were in the market,” she says. “We put out eight bids and got outbid every time. It was very upsetting for us. I want to see some accountability and responsibility across the board. The only way for me to have an affordable home, and I’m not looking for a McMansion at all, is if we let the chips fall, in a sense. This is still the bubble — the prices have to come down. You can’t just subsidize some of the people. I don’t know how you deleverage. It is going to be painful, but this is also hurting the people who behaved responsibly.”
What does she mean by “responsibly”?
“People who didn’t overbuy. Who stuck to their guns. Who read their contracts,” she says. She and her husband wound up buying a 600-square-foot studio and moved to a rental when they had their daughter, now 18 months old.
“My husband and I paid for our cars in cash,” she says. “We have no credit card debt. We have no student loans. I don’t buy Starbucks, but that’s because they’re non-fair trade, nonenvironmental.”
When they tried to buy a house, she said, “We just felt outgunned.” And now, she says, “I feel very outgunned as a citizen.”
And she should feel out gunned. Her government is subsidizing the people who out bid her on some of those houses. Now when she and her husband might be able to grab a foreclosed property at a reasonable price the Obama administration is rigging the market. This chart from a TIME magazine article shows what has been happening due to the foreclosures.
The chart shows home prices approaching a more normal average so that responsible people like Lynn Powers and her husband can get another shot at being a homeowner. But, Obama's plan is to stop the foreclosures and so keep house prices artificially high.
I think this woman from Maryland pretty much sums up the feeling of many of us responsible taxpayers to Obama's misguided plan:
“I am an Obama supporter, campaigned for him, baked cookies for him; my husband and I are Democrats all the way, but this is the issue that gets our goat.”
Echoing Santelli’s complaint, a Silver Spring, Md., mom who did not want her name used adds: “I’m not sure why we should work and pay for someone else to have a granite countertop or an extra bathroom.” When asked about people who hadn’t overreached but had lost their down-?payment money when the value of their homes had dropped, she replies, “We put money in a 401(k), and we lost that money, and no one is going to give it back.”-Politico
Labels:
bailout,
banks,
Bernanke,
economy,
foreclosure,
mortgage loans,
mortgages,
Obama,
Obama foreclosure plan,
Sheila Bair,
taxpayers
Tuesday, March 03, 2009
Dem taxes?
From today's Washington Post:
"Former Dallas mayor Ron Kirk, who is President Obama's nominee to be the U.S. trade representative, failed to pay almost $10,000 in taxes during the past three years because of a series of mistakes, the Senate Finance Committee said yesterday."
Let's see Congressman Charlie Rangel, Tom Daschle, and our "Treasury" Secretary Tim Geithner. It seems the Republicans may be right after all. The Democrats don't mind raising taxes because they never pay them! Between the trillion dollars of the Stimulus Bill, Bank Bailouts, and the Foreclosure Follies. Is it too much to ask of Obama's appointees to pay their taxes? I and many other taxpayers do.
"Former Dallas mayor Ron Kirk, who is President Obama's nominee to be the U.S. trade representative, failed to pay almost $10,000 in taxes during the past three years because of a series of mistakes, the Senate Finance Committee said yesterday."
Let's see Congressman Charlie Rangel, Tom Daschle, and our "Treasury" Secretary Tim Geithner. It seems the Republicans may be right after all. The Democrats don't mind raising taxes because they never pay them! Between the trillion dollars of the Stimulus Bill, Bank Bailouts, and the Foreclosure Follies. Is it too much to ask of Obama's appointees to pay their taxes? I and many other taxpayers do.
Labels:
Charlie Rangel,
IRS,
Obama,
Obama administration,
taxes,
taxpayers,
Treasuary Dept
Thursday, February 26, 2009
Foreclosure Follies
As President Obama tries to move his $275 billion dollar foreclosure plan of robbing Peter to bailout Paul plan forward. His radical activist friends at ACORN are already taken the law into their own hands breaking into foreclosed houses like burglars and thieves. Michelle Malkin has the money quotes and the real "documented" story:
Remember Obama and others talking about how foreclosed homes are the real problem. Well this foreclosed home that ACORN thugs broke into had already been sold and so was no longer part of the problem. It seems ACORN is part of the real problem with there criminal tactics.
But a closer look at ACORN’s sob stories shows that the prototypical foreclosure “victims” by the Left don’t deserve an ounce of sympathy – or a cent of our money.
Earlier this week, ACORN activists broke into a foreclosed home in Baltimore. With a mob cheering and camera crew taping, ACORN leader Louis Beverly busted a padlock and jimmied the door open at 315 South Ellwood Ave. The home once belonged to restaurant worker Donna Hanks, who assailed her evil bank for raising her mortgage by $300 and leaving her on the street.
“This is our house now,” Beverly declared with Hanks by his side at the break-in. What ACORN didn’t tell you: Hanks’ house was sold in June 2008 for $192,000. She bought the two-story home in the summer of 2001 for $87,000. At some point during the next five years, she re-financed the original home loan for $270,000. Where did all that money go? (Hint: Think house-sized ATM.)
Baltimore ACORN leader Louis Beverly, who also claims to be a foreclosure victim himself, was charged with burglary for the break-in and released. He is literally a housing thug – having been charged with separate second-degree assault and property destruction charges earlier this year and battery, assault, handgun possession and possession of a deadly weapon with intent to injure in 1992; and slapped with a peace order issued against him in 2006.
Remember Obama and others talking about how foreclosed homes are the real problem. Well this foreclosed home that ACORN thugs broke into had already been sold and so was no longer part of the problem. It seems ACORN is part of the real problem with there criminal tactics.
Labels:
ACORN,
bailout,
crime,
foreclosure,
Michelle Malkin,
Obama,
taxpayers,
Varney
Monday, December 29, 2008
Obama's tax cut plan is a good one
Hope is on the way if today's Washington Post article on how the Obama administration plans to give U.S. taxpayers an immediate tax cut is any indication. What is good to see is that it looks like a very efficient means to get money into the wallets of us taxpayers. Here is the money quote:
"Obama, in the second week of a vacation in Hawaii, continues to work on his economic plan, aides said. He is considering immediate tax cuts of $1,000 for couples and $500 for individuals, which would be delivered through reduced tax withholding from paychecks, a transition aide said. That plan could cost about $140 billion over the next two years, the aide said."
I think this plan is good for a number of reasons because it:
1)Can be implemented fast and with immediate results.
2)Can be implemented multiple times (if needed) without delay.
3)Would eliminate “pork” and costly bureaucratic delivery of checks (from the IRS) since the money will go directly and immediately to U.S. taxpayer’s wallets.
4)Would encourage people to be legally employed and not work “off the books”. Increasing tax revenues that would otherwise be lost.
It's this kind of thinking from the Obama administration that may help the middle class more than any Bush Administration or Pelosi/Reid left leaning Democratic proposals ever did. I say Obama should go for it.
"Obama, in the second week of a vacation in Hawaii, continues to work on his economic plan, aides said. He is considering immediate tax cuts of $1,000 for couples and $500 for individuals, which would be delivered through reduced tax withholding from paychecks, a transition aide said. That plan could cost about $140 billion over the next two years, the aide said."
I think this plan is good for a number of reasons because it:
1)Can be implemented fast and with immediate results.
2)Can be implemented multiple times (if needed) without delay.
3)Would eliminate “pork” and costly bureaucratic delivery of checks (from the IRS) since the money will go directly and immediately to U.S. taxpayer’s wallets.
4)Would encourage people to be legally employed and not work “off the books”. Increasing tax revenues that would otherwise be lost.
It's this kind of thinking from the Obama administration that may help the middle class more than any Bush Administration or Pelosi/Reid left leaning Democratic proposals ever did. I say Obama should go for it.
Sunday, November 23, 2008
Taking the profit out of Non Profit.
The Washington Post has an article about how the current economic downturn is affecting "non profit" organizations. Here are some of the money quotes:
"After nearly a decade of record growth, U.S. nonprofits are getting hit from all directions. Some foundations are scaling back on awarding grants as endowments shrink in the stock market meltdown. State and local governments -- facing falling tax revenue -- are slashing budgets and cutting back on funding."
"Fannie Mae and Freddie Mac. The mortgage finance giants have long been the Washington region's biggest corporate benefactors and gave a combined $47 million to charities last year. As a result of the federal takeover, Fannie and Freddie could decrease or halt their giving altogether, reshaping the area's philanthropic landscape. "
It's about time somebody looked at the money trail in the non profit sector. Non profits have been under the radar for so long just like the sub prime problems at Fannie Mae. It's time to take a good look at them and see who deserves to survive and is cost effective in providing needed services and who is just providing a "feel good" job for some liberal elites at taxpayer and donor expense.
"After nearly a decade of record growth, U.S. nonprofits are getting hit from all directions. Some foundations are scaling back on awarding grants as endowments shrink in the stock market meltdown. State and local governments -- facing falling tax revenue -- are slashing budgets and cutting back on funding."
"Fannie Mae and Freddie Mac. The mortgage finance giants have long been the Washington region's biggest corporate benefactors and gave a combined $47 million to charities last year. As a result of the federal takeover, Fannie and Freddie could decrease or halt their giving altogether, reshaping the area's philanthropic landscape. "
It's about time somebody looked at the money trail in the non profit sector. Non profits have been under the radar for so long just like the sub prime problems at Fannie Mae. It's time to take a good look at them and see who deserves to survive and is cost effective in providing needed services and who is just providing a "feel good" job for some liberal elites at taxpayer and donor expense.
Labels:
chariity,
money,
nonprofits,
taxpayers
Wednesday, September 17, 2008
Sunday, September 07, 2008
U.S. Taxpayers about to get smacked in the Fannie Mae
I traveled from St. Paul to Washington on Friday and opened the paper Saturday to bad news. It had all the earmarks of a taking out the trash news release. News that the U.S. Government aka the U.S. taxpayers were going to take over and bailout the two quasi private mortgage agencies Fannie Mae and Freddie Mac. This is real bad news that's why it is in the Saturday papers and on a day when a tropical storm was heading up the east coast. Hold on to your wallets as once again more money is flowing out to bailout people like illegal immigrants and others who should not have gotten a mortgage but, should not have been in this country in the first place.
Here are some of the money quotes:
"For years, they played high-profile roles in the political and civic life of Washington, hiring armies of lobbyists to help protect their unique status and, through foundations, giving vast amounts of money to charities large and small. That began changing with a series of accounting scandals beginning in 2003. The housing crisis raised more questions about their structure and operations."
Were was the in depth reporting of the mainstream press when this was going on? Following the antics of Britney Spears no doubt!
"It's a case where market psychology became more important than the fundamentals, and that's why they had to act," said Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee"
Huh? Fundamentals are good but, investors are scared so let the taxpayers pay billions to make sure these "investors" sleep well tonight but taxpayers will be paying for years. I smell something fishy going on.
Here are some of the money quotes:
"For years, they played high-profile roles in the political and civic life of Washington, hiring armies of lobbyists to help protect their unique status and, through foundations, giving vast amounts of money to charities large and small. That began changing with a series of accounting scandals beginning in 2003. The housing crisis raised more questions about their structure and operations."
Were was the in depth reporting of the mainstream press when this was going on? Following the antics of Britney Spears no doubt!
"It's a case where market psychology became more important than the fundamentals, and that's why they had to act," said Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee"
Huh? Fundamentals are good but, investors are scared so let the taxpayers pay billions to make sure these "investors" sleep well tonight but taxpayers will be paying for years. I smell something fishy going on.
Labels:
bailout,
Fannie Mae,
Freddie Mac,
sub prime bailout,
sub prime loans,
taxpayers
Sunday, July 06, 2008
The problemo Mr. Obama is....
"If the government can bail out investment banks on Wall Street, we can extend a hand to folks who are struggling on Main Street," Obama said
Nice words from Obama looking out for the "little people". The problem is Senator is that some of the people you are bailing out with U.S. taxpayer money may not be here legally and that is a sub prime problemo.
Nice words from Obama looking out for the "little people". The problem is Senator is that some of the people you are bailing out with U.S. taxpayer money may not be here legally and that is a sub prime problemo.
Wednesday, February 20, 2008
I am woman watch me steal. Update!
From today's Washington Post:
"Federal authorities think that nearly $50 million was stolen in an embezzlement scheme run out of the D.C. tax office, more than double the amount they had previously uncovered, four sources close to the investigation said.
The corruption at the D.C. Office of Tax and Revenue went undetected much longer than initially thought, the sources said, extending back almost 20 years. In addition to tracking the missing money, authorities are looking into gifts suspected of being provided to co-workers and others by the woman accused of leading the scam, former tax office manager Harriette Walters."
I only hope that our Federal Prosecuters get down to the bottom of this and other thefts of taxpayer money. Because people who steal taxpayer money are stealing from everyone of us.
"Federal authorities think that nearly $50 million was stolen in an embezzlement scheme run out of the D.C. tax office, more than double the amount they had previously uncovered, four sources close to the investigation said.
The corruption at the D.C. Office of Tax and Revenue went undetected much longer than initially thought, the sources said, extending back almost 20 years. In addition to tracking the missing money, authorities are looking into gifts suspected of being provided to co-workers and others by the woman accused of leading the scam, former tax office manager Harriette Walters."
I only hope that our Federal Prosecuters get down to the bottom of this and other thefts of taxpayer money. Because people who steal taxpayer money are stealing from everyone of us.
Labels:
corruption,
government spending,
law,
taxpayers,
Washington D.C.
Thursday, December 13, 2007
Belize it or not. A place to follow the money
While I enjoy posting on this blog daily. There are times to take a break and this is one of those times. I will be heading to Belize where I will be spending a week on board a 47 foot sailing catamaran out of sight of the mainland and modern communications as much as possible. Please try to keep the country safe so that I have a country to come back to. In the meantime take a look at this site USAspending.gov. If you want to see where our money goes this may be the site to see. I like to spend more time looking at it but, I still have to pack. Be back in a week.
Thursday, December 06, 2007
I told you so.
To all my fellow taxpayers who took out loans and dutifully paid them back and continue to live within your means I say Hola suckers! As the Washington Post article today the Bush administration is set to announce a plan to bailout those sub prime loan borrowers and of course it involves some of your tax dollars. Here are some of the money quotes:
"The administration's plan appears to be winning support on both sides of the aisle. And perhaps as
importantly, it has backing from key private-sector players, including nonprofit groups, mortgage lenders
such as Countrywide Financial and big banks such as Citigroup. "
Imagine that! The banks and mortgage lenders that gave out these sub prime loans, the non profits that will get an influx of taxpayer money to help support it are all for the plan. Who would have thunk!
"In some ways it's worse than a taxpayer bailout," said John Berlau, director of the Center for
Entrepreneurship at the institute. "It pressures an industry to essentially alter the terms of millions of
contracts, and it's going to make investors think twice about investing in America again."
Not to mention that no one will take loan agreements seriously and those who invest in mortgage backed securities may no longer take the risk.
"Yesterday, lawmakers expressed concern over the accountability of nonprofit groups that would receive
public funds under the administration's plan. Some taxpayer money -- about $200 million -- would go to
nonprofit groups staffing a national credit-counseling hotline for troubled homeowners. Some
Republicans worried that about the expanding role of local housing authorities, which can be difficult to
police."
Yes, hola sucker taxpayers for less than a quarter of a billion of your taxpayer dollars your government will be giving this money to "non profit" organizations. Yeah, what could possibly go wrong with this idea. They are "non profit" but, that does not mean they will be non corrupt with our tax dollars. Stay tuned!
"The administration's plan appears to be winning support on both sides of the aisle. And perhaps as
importantly, it has backing from key private-sector players, including nonprofit groups, mortgage lenders
such as Countrywide Financial and big banks such as Citigroup. "
Imagine that! The banks and mortgage lenders that gave out these sub prime loans, the non profits that will get an influx of taxpayer money to help support it are all for the plan. Who would have thunk!
"In some ways it's worse than a taxpayer bailout," said John Berlau, director of the Center for
Entrepreneurship at the institute. "It pressures an industry to essentially alter the terms of millions of
contracts, and it's going to make investors think twice about investing in America again."
Not to mention that no one will take loan agreements seriously and those who invest in mortgage backed securities may no longer take the risk.
"Yesterday, lawmakers expressed concern over the accountability of nonprofit groups that would receive
public funds under the administration's plan. Some taxpayer money -- about $200 million -- would go to
nonprofit groups staffing a national credit-counseling hotline for troubled homeowners. Some
Republicans worried that about the expanding role of local housing authorities, which can be difficult to
police."
Yes, hola sucker taxpayers for less than a quarter of a billion of your taxpayer dollars your government will be giving this money to "non profit" organizations. Yeah, what could possibly go wrong with this idea. They are "non profit" but, that does not mean they will be non corrupt with our tax dollars. Stay tuned!
Labels:
banks,
President Bush,
sub prime bailout,
sub prime loans,
taxpayers
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