Fiscal cliff looming includes personal tax hikes for everyone

The fiscal cliff includes tax hikes

The “fiscal cliff” composed of many elements is much in the news. Part of that is an increase in many taxes — not only income taxes on the “rich” — which will affect everyone in one way or another. The purpose of this writing is to attempt some plain language discussion of these matters and to assemble a variety of sources from all sides of the politics involved. (update: super set of charts – very understandable) Continue reading “Fiscal cliff looming includes personal tax hikes for everyone”

ExxonMobil’s earnings: The real story you won’t hear in Washington | ExxonMobil’s Perspectives Blog

Pumpjack located south of Midland, TX
Image via Wikipedia

It’s time for our leaders to stop playing politics with the energy industry and to start working for solutions that will take the pressure off household budgets and enhance our energy security. Continue reading “ExxonMobil’s earnings: The real story you won’t hear in Washington | ExxonMobil’s Perspectives Blog”

Keeping own property = benefit per Pelosi. The arrogance!

(edited to add a resource below detailing the changes)

Firstly, about this “tax cut” bill.  It’s not a tax cut.  The fiscally responsible folks in Congress stopped a tax hike.  The irresponsible ones, those who have no idea of what makes the U.S. economy tick and care little about individual rights, were trying to hike your taxes.  But secondly, the pandering rhetoric about the estate tax is more pathetic than pandering.  The gall of the (almost) former Speaker talking about the concession NOT to gouge successful people with a draconian estate tax as if that was a “benefit” is the height of economic class-warfare! Continue reading “Keeping own property = benefit per Pelosi. The arrogance!”

Advice from a (self-admitted) drunken sailor

This was sent to me by my cycling-fanatic friend Don and it is advice that all should heed. Besides, being ex-Navy myself I can attest to the wisdom of the source:

Advice we can all use -- further explanation not needed.

Don’t Cry for me Argentina — America

Don’t Cry for me Argentina America … you have to watch this if you care about the fiscal disaster which America is rapidly becoming. Besides, the music alone is worth it. Argentina was once a thriving country and was driven into the economic ground by soaring debt resulting from its government’s (remember Peron? Evita?) pandering to those with their hands out for the “entitlements.” Can it happen here? After you view this you’ll be convinced … yes.  Just today, the U.S. Dept. of the Treasury estimated the national debt to be $19Trillion in five years, up from the $13Trillion it hit in May of 2010. About a 50% increase in only five years. Here’s a nice summary:

According to the Debt Clock:

• Total national debt: $13 trillion
• Debt per citizen: $42,026
• Debt per taxpayer: $117,982
• Total interest due: $1.9 trillion
• Interest per citizen: $2,211

Click here to see the Debt Clock, which is updated every second.

(Source: http://www.foxnews.com/us/2010/05/26/national-debt-clock-tracking-red/ (accessed 6/9/2010))

Click here to view the powerpoint show. (be patient, it can be slow to load)

Source: http://www.authorstream.com/Presentation/soundmanjay-344588-dont-cry-america-obamacare-socialism-argentina-ppspap-business-finance-ppt-powerpoint/ (accessed 6/9/2010).

There is a copyright notice on the website, but no name or attribution.

HOW IMMIGRATION AND MULTICULURALISM DESTROYED DETROIT

This is a must read article. I am NOT expressing an opinion about either immigration — whether any form of it is good or bad — or multiculturalism (whatever that means to different people). But this writer appears to have his facts in hand and thus I pass along the facts he presents, together with his analysis of his opinion of cause and effect. I don’t vouch for that analysis but do think there has been enough written about Detroit to lend credibility to the notions presented to at least warrant discussion.  The typos, regrettably, are his.

Also see Okrent, Daniel.  “Detroit:  The Death — and Possible Life — of a Great City.”  Time.com. September 24, 2009.  http://www.time.com/time/nation/article/0,8599,1925796,00.html (accessed Dec 3, 2009)

Feel free to come to my blog and comment.

HOW IMMIGRATION AND MULTICULURALISM DESTROYED DETROIT

By Frosty Wooldridge
October 5, 2009
NewsWithViews.com

For 15 years, from the mid 1970s to 1990, I worked in Detroit, Michigan. I watched it descend into the abyss of crime, debauchery, gun play, drugs, school truancy, car-jacking, gangs and human depravity. I watched entire city blocks burned out. I watched graffiti explode on buildings, cars, trucks, buses and school yards. Trash everywhere! Detroiters walked through it, tossed more into it and ignored it.

Tens of thousands and then, hundreds of thousands today exist on federal welfare, free housing and food stamps! With Aid to Dependent Children, minority women birthed eight to 10 and in once case, one woman birthed 24 kids as reported by the Detroit Free Press—all on American taxpayer dollarss. A new child meant a new car payment, new TV and whatever mom wanted. I saw Lyndon Baines Johnson’s “Great Society” flourish in Detroit. If you give money for doing nothing, you will get more hands out taking money for doing nothing.

Mayor Coleman Young, perhaps the most corrupt mayor in America, outside of Richard Daley in Chicago, rode Detroit down to its knees. He set the benchmark for cronyism, incompetence and arrogance. As a black man, he said, “I am the MFIC.” The IC meant ‘in charge’. You can figure out the rest. Detroit became a majority black city with 67 percent African-Americans.

As a United Van Lines truck driver for my summer job from teaching math and science, I loaded hundreds of American families into my van for a new life in another city or state. Detroit plummeted from 1.8 million citizens to 912,000 today. At the same time, legal and illegal immigrants converged on the city, so much so, that Muslims number over 300,000. Mexicans number 400,000 throughout Michigan, but most work in Detroit.

As the Muslims moved in, the whites moved out. As the crimes became more violent, the whites fled. Finally, unlawful Mexicans moved in at a torrid pace. You could cut the racial tension in the air with a knife! Detroit may be one our best examples of multiculturalism: pure dislike and total separation from America.

Today, you hear Muslim calls to worship over the city like a new American Baghdad with hundreds of Islamic mosques in Michigan, paid for by Saudi Arabia oil money. High school flunk out rates reached 76 percent last June according to NBC’s Brian Williams. Classrooms resemble more foreign countries than America. English? Few speak it! The city features a 50 percent illiteracy rate and growing. Unemployment hit 28.9 percent in 2009 as the auto industry vacated the city.

In this week’s Time Magazine October 4, 2009, “The Tragedy of Detroit: How a great city fell and how it can rise again,” I choked on the writer’s description of what happened.

“If Detroit had been savaged by a hurricane and submerged by a ravenous flood, we’d know a lot more about it,” said Daniel Okrent. “If drought and carelessness had spread brush fires across the city, we’d see it on the evening news every night. Earthquake, tornadoes, you name it — if natural disaster had devastated the city that was once the living proof of American prosperity, the rest of the country might take notice.

But Detroit, once our fourth largest city, now 11th and slipping rapidly, has had no such luck. Its disaster has long been a slow unwinding that seemed to remove it from the rest of the country. Even the death rattle that in the past year emanated from its signature industry brought more attention to the auto executives than to the people of the city, who had for so long been victimized by their dreadful decision-making.”

As Coleman Young’s corruption brought the city to its knees, no amount of federal dollars could save the incredible payoffs, kick backs and illegality permeating his administration. I witnessed the city’s death from the seat of my 18-wheeler tractor trailer because I moved people out of every sector of decaying Detroit.

“By any quantifiable standard, the city is on life support. Detroit’s treasury is $300 million short of the funds needed to provide the barest municipal services,” Okrent said. “The school system, which six years ago was compelled by the teachers’ union to reject a philanthropist’s offer of $200 million to build 15 small, independent charter high schools, is in receivership. The murder rate is soaring, and 7 out of 10 remain unsolved. Three years after Katrina devastated New Orleans, unemployment in that city hit a peak of 11%. In Detroit, the unemployment rate is 28.9%. That’s worth spelling out: twenty-eight point nine percent.”

At the end of Okrent’s report, and he will write a dozen more about Detroit, he said, “That’s because the story of Detroit is not simply one of a great city’s collapse. It’s also about the erosion of the industries that helped build the country we know today. The ultimate fate of Detroit will reveal much about the character of America in the 21st century. If what was once the most prosperous manufacturing city in the nation has been brought to its knees, what does that say about our recent past? And if it can’t find a way to get up, what does that say about our future?”

As you read in my book review of Chris Steiner’s book, $20 Per Gallon, the auto industry won’t come back. Immigration will keep pouring more and more uneducated third world immigrants from the Middle East into Detroit—thus creating a beachhead for Islamic hegemony in America. If 50 percent illiteracy continues, we will see more homegrown terrorists spawned out of the Muslim ghettos of Detroit. Illiteracy plus Islam equals walking human bombs. You have already seen it in the Madrid, Spain, London, England and Paris, France with train bombings, subway bombings and riots. As their numbers grow, so will their power to enact their barbaric Sharia Law that negates republican forms of government, first amendment rights and subjugates women to the lowest rungs on the human ladder. We will see more honor killings by upset husbands, fathers and brothers that demand subjugation by their daughters, sisters and wives. Muslims prefer beheadings of women to scare the hell out of any other members of their sect from straying.

Multiculturalism: what a perfect method to kill our language, culture, country and way of life.

Listen to Frosty Wooldridge on Wednesdays as he interviews top national leaders on his radio show “Connecting the Dots” at www.themicroeffect.com at 6:00 PM Mountain Time. Adjust tuning in to your time zone.

© 2009 Frosty Wooldridge – All Rights Reserved


Source: NewsWithViews.com
URL Source: http://www.newswithviews.com/Wooldridge/frosty506.htm
(accessed Dec 3, 2009)

The Business and Media Institute — Guarding the news of our Free Enterprise System

The engine of America’s freedom and prosperity (yes, they go hand-in-hand) is our system of free enterprise. It is under attack now more than ever in a steady march toward facism. No, I don’t think I’m being an extremist in stating that.  That march has become a rush and it is fueled to a great extent by the so-called main stream media.

Want to find a source of credible information about attacks on our system of free enterprise?  Here is a bit about the Business & Media Institute:

Before the Media Research Center (MRC) launched the Business & Media Institute (BMI) in 1992, there was no entity in America devoted solely to analyzing and exposing the anti-free enterprise culture of the media. With the BMI in operation, that void has been filled.

The mission of BMI is to audit the media’s coverage of the free enterprise system. It is our goal to bring balance to economic reporting and to promote fair portrayal of the business community in the media. Providing resources for journalists, such as connections to sources who can speak intelligently about the economy, is one way we pursue this end. BMI is the economics division of the Media Research Center, and it is the only organization in the world dedicated to the unique challenge of correcting misconceptions about free enterprise in the media.

BMI has produced numerous pieces of research, many of which received critical acclaim in the national media. BMI focuses on the culture of the free enterprise system. Analysts research and assess material concerning taxes, regulation, government spending, the environment, Social Security, and business.

via About BMI – The Business and Media Institute. http://www.businessandmedia.org/about/about.aspx (accessed 11/18/2009)

They have a nice newsletter to which you can subscribe here.