Well, it’s semi-official. The Senate has approved the Marketplace Fairness Act. This act, strongly supported by the likes of Amazon.com, would force online businesses to pay sales taxes based on the location of their customer. Supporters say it is critical to bring needed revenue to local and state governments and to protect the brick-and-morter mom-and-pop stores that are losing out to internet sales.
The supporters are also full of shit.
There are innumerable problems with … Read more
Oops:
Newly obtained documents show the Obama administration was warned as early as 2010 that electric car maker Fisker Automotive Inc. was not meeting milestones set up for a half-billion dollar government loan, nearly a year before U.S. officials froze the loan after questions were raised about the company’s statements.
An Energy Department official said in a June 2010 email that Fisker’s bid to draw on the federal loan may be jeopardized for failure
And I ask that because this article discusses how “Obama Budget Proposes Cap on Retirement Savings”, and has this passage:
According to advance reports, the administration’s budget due out on Wednesday will propose a cap limiting the amount of annual return a retirement account can create to $205,000. If that proposal were enacted today, that would mean retirement accounts would be limited to $3 million in assets. The White House estimates that caps on the
Our bought & paid for DNC propagandists in the LSM are all busy providing cover for a terrible budget. For example, AP reports the budget as follows:
WASHINGTON (AP) — President Barack Obama is sending Congress a $3.77 trillion spending blueprint that seeks to achieve an elusive “grand bargain” to tame runaway deficits by raising taxes further on the wealthy and trimming popular benefit programs such as Social Security.
The president’s proposal being unveiled
We are getting old. There is simply no way to sugarcoat that. Our country is getting older and the ratio of seniors to workers is increasing. In fact, last year, our childbirth rate edged below replacement level.
I state that at the beginning of the post because that reality seems to escape every pundit who wants to talk about Social Security. They seem to think there is some crazy scheme that will alter the reality … Read more
And like the famous “donkey punch” sex maneuver, it is unpleasant for the recipient. Don’t get fooled by this bullshit NYT propaganda piece and the ludicrous claim that the fucking marxist nanny stater’s budget are doing any sort of cuts. It is all smoke and mirrors. This bullshit piece starts off with the ludicrous statement:
WASHINGTON — President Obama next week will take the political risk of formally proposing cuts to Social Security and Medicare
Yesterday I pointed out how the social engineering leftist morons that brought us the recession of the last 5 years, by using the power of government to fist coerce lenders into making horribly risky loans, then creating a legal climate that encouraged them to bundle these risky loans into vehicles that where traded as if they were valuable securities, and finally used tax payer money to bail out the financial industry when that house of … Read more
The “This” referenced above is the horribly stupid idea that social engineering leftards can use the power of government to force lenders to make loans to high risk people, and that that will have no repercussions. What could go wrong this time? Lets take a look at the article.
The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say
Probably the most frustrating thing about our budget debacle is that actual waste, fraud and abuse seem to be much harder to root out than useful or necessary spending. We’re closing airport towers and cutting off research funds. But the tens of billions in waste OMB identifies every year goes untouched. The tens of billions first President Bush and then President Obama identified goes untouched. The tens of billions that Tom Coburn identifies goes untouched.… Read more
There have been a lot of rumors about the disastrous EU money grab in Cyprus that I have heard, including a story where most of the really rich Russians that had money there were able to take all their cash out which will result in a serious shortfall of cash for the looters, so the Cypriots could avoid the collapse of their banking industry. I have no empathy for these morons. Anyone stupid enough to … Read more
