And So I Go: Yesterday, Today and Tomorrow

Archive for the ‘Shore Bank Scam’ Category

The huge Farm Bill was defeated.  80% of the Farm Bill was for Food Stamp spending and only 20% related to farms and farming.  The  Republican led House is now proposing to split the Food Stamp program or SNAPS from the Agriculture Department so that a closer watch can be kept on this outrageous spending.  Of course they were put together in the first place in order for both farm and rural congressmen and Food Stamps which are primarily urban Congressman would vote together to pass these outrageous bills.  This is a favorite  Washington ploy: buying the votes!  Just look at the Immigration Bill and how the Senators loaded it down with pork ( or pay offs) for everyone before it got passed.  Remember the Republican House refusing to pass the first version of the  Hurricane Sandy Bill to help the hurricane victims in the northeast to rebuild because on 30% of the funds allotted were to go to the hurricane victims while the 70% of pork funding in it was for things as unrelated as a new roof for a building in D.C.  Many, including Gov. Christie of New Jersey blamed the Republicans for stopping this outrage and believed that anything  the greedy big spending Democrats wanted was okay as long as something went to the right people.  It is this kind of thinking and this kind of voting that has gotten our country to the brink of bankruptcy!  This is the name of the game in the Farm Bill which the Republican House members voted down and it is the same game being played with the Democrats Senate version of an Immigration Bill.

The following newsletter from heritage has some very good information from various writers on these topics.  Also more information on Obama’s plans for raising all of our energy prices which will not only affect our  electric and gasoline bills but our food and clothi8ng bills as well because all industry requires the use of energy and if energgy costs go up the cost of all goods and services must aslo go up.  Check them out>  BB

Heritage Hotsheet

Experts on the Day’s Hottest News

Contact An Expert
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Items for Friday, June 28th, 2013


Immigration Bill Riddled With Pork
Breitbart.com

Jim Carafano
Derrick Morgan
Genevieve Wood
Jessica Zuckerman

Family Fact of the Week: What the Record-Low Marriage Rate Means for Americans’ Well-Being
Heritage.org

Jennifer Marshall
Ryan Anderson
John Malcolm

Gay rights clash: Obama, African host are at odds 
AP

Jennifer Marshall
Ryan Anderson 
Charlotte Florance

Abortion tables may turn in Texas on Monday
Politico

Jennifer Marshall
Ryan Anderson
Andrew Walker

House Leaders Consider Splitting Food Stamps From Farm Bill
Bloomberg

Diane Katz
Daren Bakst
Rachel Scheffield

Obama refuses to barter for Edward Snowden
BBC.com

Steven Bucci
Paul Rosenzweig
Ariel Cohen
Peter Brookes
Jim Carafano

 

Latest Heritage Research:


Issue Brief
History Suggests Social Security Insolvency Is Coming Sooner Than Projected

Issue Brief
Energy Production on Federal Lands: Handing Keys Over to the States

Issue Brief
Cost of a Climate Policy: The Economic Impact of Obama’s Climate Action Plan

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Heritage Newsletter offer us experts opinions on the news of the day and how it will affect you.   This was really a big day since the Supreme Court came down with two big rulings: one gave a victory to gay marriage by ruling against the Congressional Bill passed under Clinton called the Defense of marriage Act (DOMA)  which ruled marriage as being between a man and a woman.  I have been against this changing of our marriage laws on the grounds off finances.   This act by the court throws the problem back to the states but then after ruling that the California law *(voted for by the people) against gay marriage as unconstitutional it seems no state and certainly the majority of the voters have no say in this matter.   As stated I have been and am against the legalizing of s  gay marriage  because it  fives rights for financial support that have been the rights of wives and husbands only.   For instance social security support for widows and orphans.  the “orphans” part may be easy top figure out but who is the “widow”?   Are Both  parties in a lesbian marriage widows?   Do homosexual couples need to designate a “widow”?  And this is just the tip of a huge financial ice berg that We the Taxpayers will be responsible for that we were not before today.

The second ruling by the Supreme Court was one I feel is long overdue in being corrected.  States should and do have the right to determine what their voting laws are but until todays ruling 14 states had to get permission from some clerk in Washington before they could so much as change the location of a voting location.  In fact  one district in one of these states could not vote in the 2000 election due to a water pipe breaking and  flooding the polling place.  But since they had to get permission from Washington to move the site they simply had to disenfranchise the voters ion that district!   Now that was an extreme and surely rare happening but it really does point out the nonsense of following a law that was very necessary when passed by 50 years later attitudes and laws and mostly people’s views have changed and no Black can or will be kept from voting.  After all we do now have a Black as President!

And be sure to take note of how our President plans to go around your elected officials in Congress and use the EPA Environmental Protection Agency to force  his climate change agenda and war on coal and oil on us.   People there is no such thing as climate change.  the Earth is not getting hotter.  Obama lied again and again in his speech yesterday at Georgetown University.  Don’t believe me but do your own research and go to the records kept by the government itself  and see that we are experiencing right now the cycle that is normal and active in the 1950’s.  Then the hotter seasons was followed by a cooling off and so-called “cooling of the Earth due to the use of fossil fuels ” that occurred in the 1970’s.  these damned fools lead by Hollywood idiots and our President  are helping a cool group of men led by Al Gore and Barrack Obama to make a pile of money.   But while they are manipulating and  lining their pockets with all the money it will cost to go from fossil fuels to their so-called clean and not at all reliable wind and solar We the People are going to see the cost of energy to us going out of  sight.  And since energy is needed for every aspect of our lives including the food on our tables that means everything in our lives will cost more.  Well, anyhow  please do read the article and go to the references.   Sincerely, BB

Heritage Hotsheet

Experts on the Day’s Hottest News

Contact An Expert
MEDIA INFORMATION LINE:
Phone: (202) 675-1761 | Email: Broadcast Services

Items for Wednesday, June 26, 2013

Divided Supreme Court strikes down key voting rights provision
The Washington Times

John Malcolm

Obama planning to sidestep Congress for next phase in climate change agenda
Fox News

Nicolas Loris

David Kreutzer

Jack Spencer


Snowden flap bares hapless U.S.

Boston Herald

Peter Brookes

James Carafano

Ariel Cohen
INFOGRAPHIC: What You Should Know About Marriage
The Foundry Blog

Ryan Anderson

Jennifer Marshall

Andrew Walker

Sarah Torre


Immigration and the Crisis of Opportunity

National Review Online

Genevieve Wood

Mike Gonzalez

Stuart Butler


Latest Heritage Research
:

ISSUE BRIEF
How to Slash Billions from the Agriculture Appropriations Bill

Gang of Eight Giveaways
National Review

Jessica Zuckerman

Mike Needham

Dan Holler

Obama energy push could loom large in 2014
Politico

Nick Loris

David Kreutzer

Jack Spencer

Snowden mystery deepens, took job to gather NSA evidence
USA Today

Steven Bucci

Peter Brookes

James Carafano

Snowden Case Has Cold War Aftertaste
The New York Times

Ariel Cohen

5 Things You Need to Know About the Supreme Court’s Marriage Cases
The Foundry Blog

Ryan Anderson

Andrew Walker

Jennifer Marshall

 

Latest Heritage Research:

ISSUE BRIEF
Helping Southeast Asia Come to Grips with the Reality of Taiwan

ISSUE BRIEF
Obama’s Trip to Africa: Make It More Than a Photo-Op

ISSUE BRIEF
Schumer–Corker–Hoeven Amendment Fails on Securing the Border and Halting Illegal Immigration

BACKGROUNDER
Ratifying the Disabilities Convention Will Not Help Americans with Disabilities at Home or Abroad

ISSUE BRIEF
Kerry in India: Setting the Tone on Security Issues

» Future Of American Energy Production At Stake In US Supreme Court – Big Government.

Right on top of yesterdays post comes this one.  We the People are being  raped by the destroyers of our country and this world.  And we stand here trying to use the law to save us while they use our laws to destroy us!  BB

Dan  Riehl

Future Of American Energy Production At Stake In US Supreme Court

by Dan Riehl

We all know how important energy is in our lives, just as commercial energy is critical to free market capitalism and the pursuit of prosperity in America. Now, thanks to environmental activists and several states, that may all be at risk in the US Supreme Court.

In 2004, unhappy that the duly elected Bush administration wasn’t restricting carbon emissions in the alleged cause of global warming, environmental activism prompted several states to file a “public nuisance” lawsuit, which would empower the courts in this regard.

They lost in the lower court but that was reversed in 2007.

This case is novel, and far more aggressive and disruptive than the global warming case the Court previously permitted. In a 2007 decision, Massachusetts v. EPA, a closely divided Court agreed with 12 states and several cities that the Environmental Protection Agency has authority to regulate carbon dioxide as a pollutant under the Clean Air Act. Though that case dealt with a narrow claim to enforce a federal statute, the Court’s decision emboldened what had already become a cottage industry of lawsuits designed to slow global warming by asking federal courts to enact what interest groups have been unable to secure through the democratic process: carbon caps and other limits on the way energy is produced in this country.

Under the guise of “public nuisance,” the plaintiffs in these suits seek to impose enormous damages and binding emissions caps on energy companies. The plaintiffs have acknowledged that their goal is a veritable sea change in the way energy is produced, sold, and used in this country. Incredibly, they assert that these companies can make major changes to lower emissions – such as the adoption of wind and solar alternatives – “without significantly increasing the cost of electricity.” But never before has the “public nuisance” doctrine been used to set national economic and energy policy. While litigation may be therapeutic for those frustrated by political inaction, this case is at odds with this country’s legal tradition.

Meanwhile, a recently elected Republican House is taking steps to go in the other direction through budget cuts to the EPA. Environmental activism in the US is, in effect, looking to up-end the democratic process – an all too common theme across the Left – by empowering the courts to make policy in perhaps the single most critical policy area for American prosperity.

The agency will lose $1.6 billion as part of a deal between President Barack Obama and congressional leaders to produce $38 billion in spending cuts for the rest of the 2011 fiscal year, according to legislation made public today. A plan detailing where the cuts will be made is due in 30 days.

Republicans argued for a larger cut plus provisions that would bar the EPA from enforcing rules on reducing carbon dioxide from power plants and factories. The budget deal accepted by Obama will undermine efforts to reduce pollution from mountaintop coal mining and mercury emissions from power plants, said Gabe Wisniewski, coal campaign director for the environmental group Greenpeace.

Also, as if all that isn’t bad enough, the EPA recently admitted it has zero interest in worrying about job production in America – video at link. Of course, all this plays out as the economy lags, unemployment skyrockets and American jobs continue to disappear.

The EPA has admitted that they don’t even consider jobs when they do their economic analysis. No really. They don’t even think about the potential impact on unemployment. This is appalling, coming from an administration that has said over and over and over again that jobs are the top priority.

A Historic Flood of Red Ink | The Weekly Standard.

Obama has cause a historic flood of red ink and his latest budget will put our nation $7 TRILLION  further in debt (he is trying to tell us it will “save” $3 trillion!).  Yet this “Thing” rather than sticking to his own business is sticking his nose and his political organization Organizing for America in the middle of  a battle to save the state of Wisconsin.   There are simply no words for Obama  anymore, simply none that I and my dictionary find adequate at any rate.

 

The following article from the Weekly Standard is an eye opener.  I have only copied over a portion of the article so to read the entire article do click the reference above.  BB

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Let’s try to put that into historical perspective (the source for all of these figures is the White House Office of Management and Budget’s historical tables):

* In actual dollars, President Obama’s $4.4 trillion in deficit spending in just three years is 37 percent higher than the previous record of $3.2 trillion (held by President George W. Bush) in deficit spending for an entire presidency. It’s no small feat to demolish an 8-year record in just 3 years.  (And yet the MSM aren’t saying a word about this.  In fact they are out there praising their presidents efforts at “budget reform”. BB

* In inflation-adjusted dollars, President Obama’s $3.8 trillion (in constant fiscal-year 2005 dollars) in deficit spending in just three years is nearly double our $2 trillion (in constant fiscal-year 2005 dollars) in deficit spending in the five fiscal years during which we were fighting World War II (FY 1942-46). It’s no small feat to nearly double the United States’ inflation-adjusted deficits during the largest conflict in human history, and to do so in less time than it took American GIs to fight that two-front war.

* As a percentage of the gross domestic product (GDP), President Obama’s average annual deficit spending is 9.7 percent of GDP. That’s higher than during any single year of the Great Depression, the Cold War, the Korean War, or Vietnam. In fact, the only deficits in more than 200 years of American history that have exceeded even 6 percent of GDP have all involved either the Civil War, World War I, World War II, or President Obama.

* In average annual deficit spending as a percentage of GDP, the nearby chart shows how President Obama stacks up against other presidents who have served during the past four decades.

* The Obama deficit legacy, moreover, will be felt well beyond his tenure in office, especially if that tenure extends beyond a single term. First, Obama’s spending through 2012 essentially doesn’t include Obama-care. The CBO projects that Obama-care will increase spending by more than $2 trillion in the overhaul’s real first decade (2014 to 2023). That’s more than $2 trillion that could -otherwise be used to pay down the debt, rather than allowing the debt to rise continually and then piling a massive new entitlement program on top of it.

Second, President Obama’s gargantuan deficit spending will hamstring future efforts to make ends meet. Under Obama’s own projections, interest payments on the debt are on course to triple from 2010 (his first budgetary year) to 2018, climbing from $196 billion to $685 billion annually. Under his projections for 2018, interest payments on the debt will exceed all defense spending, including wartime spending. Think about that: In the first budgetary year after the next presidential term, our creditors are projected to get more money than our military.

At the end of 2008, just before President Obama took office, the national debt was $9.986 trillion and 69 percent of GDP. Under his projections, eight years later it will be $20.825 trillion and 104 percent of GDP. That’s right: Our debt will soon exceed our national economic output for an entire year. And that’s even if you believe the president’s rosy projections of 4 percent real GDP growth over the next four years, considerably higher than the 2.7 percent achieved over the past quarter-century and the 3.2 percent over the past half-century.

To correct our course, we need to advance real entitlement reform and repeal the looming entitlement that could be the boulder that breaks the camel’s back: Obamacare. House Republicans need to produce a serious budget that offers real entitlement reform, as they appear poised to do. (I very much disagree with this authors opinion because the Old Dog Republicans are pansy butts too!  BB) Actually enacting entitlement reform, however, will require presidential leadership. The most effective champions of bold fiscal prudence on Capitol Hill and in the statehouses, respectively, have been Representative Paul Ryan and Governor Chris Christie. In the wake of President Obama’s wildly unprecedented deficit spending, such leadership is now needed at the presidential level.

Jeffrey H. Anderson was the senior speechwriter for Secretary Mike Leavitt at the U.S. Department of Health and Human Services.

Drilling Is Stalled Even After Ban Is Lifted – WSJ.com.

President Obama has all but  destroyed the oil industry in this country.  This of course has been his agenda.  To destroy a nation as quickly as possible make it dependent upon other countries.  Three extra cheers when these other countries are enemies of the nation one wishes to destroy and the nations who have the oil are all our enemies!   Gasoline prices are going up and expected to hit $5 a gallon by this Fall.  This of course does not take in the other uses for oil from heating our homes to the making of plastics and polyesters which will impact just about every industry and aspect of our life.  All this when we are in the greatest depression since the 1930’s.

President Franklin Roosevelt also did everything he could to destroy our nation’s agricultural culture  and he succeeded.  He did such things as ordering 2 million hogs slaughtered while millions of people in the country were starving!  But he got what he wanted as the United States lost its family farms to huge agri-businesses.  Progressive Presidents are a plague to a nation and freedom.  Remember that as you read this article.  BB

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More than two months after the Obama administration lifted its ban on drilling in the deep-water Gulf of Mexico, oil companies are still waiting for approval to drill the first new oil well there. Experts now expect the wait to continue until the second half of 2011, and perhaps into 2012.

[DEEPRIGsub] Getty Images
(Dear Readers I usually  highlight what I feel are important points.  I haven’t highlighted here because it is ALL important points.  BB)

The Deepwater Horizon oil rig burns on April 21; the spill halted deep-water drilling in the Gulf of Mexico for months.

The administration says it is simply trying to enforce new safety rules adopted in the wake of the April 20 explosion of the Deepwater Horizon drilling rig, which killed 11 workers and set off the worst offshore oil spill in U.S. history. Environmental groups say the administration is right to take its time because the Gulf disaster exposed the risks of offshore drilling.

(Remember that this same President and his Dem. Congress gave Mexico millions to drill in the Gulf of Mexico!  They also made oil drilling grants to Brazil and Venezuela,  BB)

But the delay is hurting big oil companies such as Chevron Corp. and Royal Dutch Shell PLC, which have billions of dollars in investments tied up in Gulf projects that are on hold and are paying hundreds of thousands of dollars a day for rigs that aren’t allowed to drill. Smaller operators such as ATP Oil & Gas Corp., which have less flexibility to focus on projects in other regions, have been even harder hit.

The impact of the delays goes beyond the oil industry. The Gulf coast economy has been hit hard by the slowdown in drilling activity, especially because the oil spill also hurt the region’s fishing and tourism industries. The Obama administration in September estimated that 8,000 to 12,000 workers could lose their jobs temporarily as a result of the moratorium; some independent estimates have been much higher.

The slowdown also has long-term implications for U.S. oil production. The Energy Information Administration, the research arm of the Department of Energy, last month predicted that domestic offshore oil production will fall 13% this year from 2010 due to the moratorium and the slow return to drilling; a year ago, the agency predicted offshore production would rise 6% in 2011. The difference: a loss of about 220,000 barrels of oil a day.

Drilling in waters of less than 500 feet also has been snared by the government’s increased scrutiny. Regulators requested modifications to 101 shallow-water drilling plans in 2010, compared with 59 such requests in 2009 and just 31 in 2008. Rig operators say drilling permits once approved in a matter of weeks have taken up to five months to process as the government introduced new rules.

[SHALLOWRIGS02]

The lengthy delays in reviewing new permits have caught the industry off guard. When the Obama administration lifted its ban on deep-water drilling on Oct. 12, many experts had expected a few permits to be issued before the end of 2010, followed by a gradual ramp-up of activity this year.

Among the new rules: Companies must hire outside engineers to certify key well-safety equipment and subject the gear to more rigorous tests. They require more worker training, more documentation and detailed plans of how they would respond to a worst-case well blowout.

Environmentalists say the Deepwater Horizon disaster proved reviews needed to be more thorough. “The process can work efficiently. Maybe not as quickly as it did before, but that’s understandable,” said Elgie Holstein, a staff expert at the Environmental Defense Fund.

But with no deep-water permits yet issued and companies still struggling to comply with new, tougher safety rules, experts say it could be 2012 before drilling approaches pre-disaster levels. Even when it does, projects that were once approved in weeks will likely take months to get past increased regulatory scrutiny.

(You understand that countries Obama & Co.  has funded for oil drilling have absolutely NO STANDARDS, codes or regulations for their rigs. BB)

“There was a sense that we would start to see deep-water permits approved by year end,” said Arun Jayaram, an energy analyst with Credit Suisse in New York. Mr. Jayaram said he now doesn’t expect much deep-water drilling at all this year.

Some companies are shifting investments out of the Gulf. BP PLC recently said it would move a brand-new rig that was meant to work in the Gulf, Pride International Inc.’s Deep Ocean Ascension, to Libya. Marathon Oil Corp. has tried to cancel a contract for a newly built Gulf rig owned by Noble Corp. Noble declined to comment, but last month it said it would “vigorously defend its rights under the drilling contract.”

Erik Milito, a senior official at the American Petroleum Institute, the oil industry’s main lobbying group, said more rigs will leave soon if drilling isn’t allowed to resume. “They’re doing everything they can to keep the contracted rigs in the Gulf,” said Mr. Milito. “But they’re idle, they’re not able to do the work they intended to be out there doing, and that can only go on so long.”

This isn’t the first time the industry has issued such warnings. When the Obama administration first announced its moratorium on deep-water drilling in May, industry leaders predicted thousands of layoffs and a quick exodus of rigs from the Gulf. Instead, most companies either kept their rigs on stand-by or kept them busy with jobs that weren’t covered by the moratorium, such as cleaning up old wells.

There are signs that companies remain committed to the Gulf. Chevron has in recent weeks announced two major deep-water projects there, which together will cost nearly $12 billion.

“The deep-water business is a very long-term business, so we take a very long-term view,” Gary Luquette, the head of exploration and production for Chevron in North America, said in an interview. BP and Shell also have said they have no plans to sell their Gulf properties.

Editors’ Deep Dive: Oil Servicers Await Gulf Activity

Access thousands of business sources not available on the free web. Learn More

Smaller oil companies, however, are less able to wait out the slowdown. ATP Oil & Gas, one of the smallest deep-water operators in the Gulf, has seen its share price fall 27% since the Deepwater Horizon exploded, a sign investors are concerned about lost revenue from its delayed wells. ATP’s chairman, Paul Bulmahn, has said the company is now looking for projects in other countries. In a letter to President Barack Obama last month, Mr. Bulmahn pleaded for a drilling permit.

The slow pace of permitting has drawn fire even from some Congressional Democrats, especially Louisiana Sen. Mary Landrieu, who has said the policy is hurting the region’s economy.

Louisiana Department of Natural Resources Secretary Scott Angelle pushed for a return to drilling last month. “It’s time to get the men and women of this industry back to work, as well as the other industries that are dependent upon drilling activity for survival—the welders, the boat captains, the pipefitters and caterers,” he said. “There is a multitude of individuals on the coast who want to get back to work finding the fuel to energize America.”

The Obama administration’s newly formed offshore drilling regulator, the Bureau of Ocean Energy Management, Regulation and Enforcement, says it isn’t trying to stall new drilling but won’t be rushed by industry pressure. The agency notes it has approved permits for deep-water activity that wasn’t covered by the moratorium, such as modifications of existing wells.

“We will not cut corners in the permit review process,” agency spokeswoman Melissa Schwartz wrote in an email. “Our priority remains, as it must, to ensure that oil and gas drilling is done in a safe and environmentally responsible manner.”

Write to Ben Casselman at ben.casselman@wsj.com and Daniel Gilbert at daniel.gilbert@wsj.com

Nearly half of US households escape fed income tax – Yahoo! Finance.

I get so angry when I hear people saying, “Tax the rich!”  I get even more angry when the Democrats  use this as a tool to try to  divide the country  in Haves and Have-nots.   The so-called “rich” are already being taxed to support the other half of the people in the United States who pay no taxes at all!  The very rich billionaires   pay 35% of the taxes in the United States although they represent less than 1% of the population. The Democrats have pushed this lie that the rich are oppressing the poor so long that the truth has been lost. It is a case of say it often enough and it becomes the truth regardless.  Now the Democrats have spent so much that even they have become aware of the dire straits this country is in. Suddenly after spending like money grew on trees  and the need for money  to keep spending since the world has put the brakes on their borrowing  the Democrats  want to cut the tax cuts given under President Bush.  Cutting taxes and putting more money in the hands of the people has proven again and again to be the most effective way for the government to GET MORE MONEY THRU TAXING INCOME.  When the people have more money to spend and invest in business there are more people working and therefore more income to tax.  It is so easy to understand but apparently the Democrats and Progressives have a mental block here.

Another fact: it wasn’t until the Democrats came into power in 2006 that our nation began the long dip into the depression we are in now.  It was the  wheeling and dealing that Democrat Barney Frank Chairman of the House Finance Committee and Democrat Sen. Chris Dodd Chairman of the Senate Banking  Committee  stuck their grasping fingers into the  mortgage market demanding banks lend money to people who could not afford to buy a house and then covered these dirty deals up by insisting all was well when President Bush was calling for investigations into Freddie Mac and Fanny Mae that the crisis finally came to a head and the finance industry  came crashing down.

President Bush was in the White House and got suckered into this mess of Bail Outs but it was the Democrats in Congress who voted for them.  Many Republicants and a good many citizens were against the Bail Outs!

So when the crisis that had been allowed to occur  when the Democrats controlled Congress what did the Democrats do?  They did what the Democrats always do: they threw a lot of money at the banks and  even more into the federal government.  Yes all this money was first given to federal agencies to  then give to the banks.  Of course the agencies had to be funded for this service so they took their cut off the top.  They then hired more people so that the agencies in the government could keep growing and growing and spending and spending.   Bigger and Bigger government.  The government agencies got the lions share of the TARP money and the Stimulus money!  Money the nation did not have and had to borrow!

Now the Democrats can only think of taxing the “rich”.  They consider the ‘rich” any couple who makes over $250,000 a year.  People please understand these are  the small business people who employ most of the working people in this country.  By letting the Bush Tax cuts expire the taxes on these people will go back up to the 40%.   This at a time when   money is needed by the people who do the hiring and creating jobs for the rest of us!  Of course they are now referring to just allowing the Bush Tax Cuts to continue as the Obama Tax Cuts.

Anyhow, this article tells exactly who pays taxes in this country and believe me it is not me because I am part of the 47% of people who pay no  INCOME taxes.  In fact, being retired on Social Security I was one who  received   a check from the government on two occasions to boost my income from tax payers who had paid taxes.  It is one thing to get some of your own taxes back but it is an  entirely different thing to get money from the government that comes from other tax payers because you personally do not pay taxes.  I and a good many of you ( 47% of us in fact)  PAY NO INCOME TAXES.  What we do pay is the Social Security and Medicare/Medicaid taxes.  BB

Stephen Ohlemacher, Associated Press Writer, On Wednesday April 7, 2010, 5:38 pm EDT

WASHINGTON (AP) — Tax Day is a dreaded deadline for millions, but for nearly half of U.S. households it’s simply somebody else’s problem.

About 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and exemptions to eliminate their liability. That’s according to projections by the Tax Policy Center, a Washington research organization.

Most people still are required to file returns by the April 15 deadline. The penalty for skipping it is limited to the amount of taxes owed, but it’s still almost always better to file: That’s the only way to get a refund of all the income taxes withheld by employers.

In recent years, credits for low- and middle-income families have grown so much that a family of four making as much as $50,000 will owe no federal income tax for 2009, as long as there are two children younger than 17, according to a separate analysis by the consulting firm Deloitte Tax.

Tax cuts enacted in the past decade have been generous to wealthy taxpayers, too, making them a target for President Barack Obama and Democrats in Congress. Less noticed were tax cuts for low- and middle-income families, which were expanded when Obama signed the massive economic recovery package last year.

The result is a tax system that exempts almost half the country from paying for programs that benefit everyone, including national defense, public safety, infrastructure and education. It is a system in which the top 10 percent of earners — households making an average of $366,400 in 2006 — paid about 73 percent of the income taxes collected by the federal government.

The bottom 40 percent, on average, make a profit from the federal income tax, meaning they get more money in tax credits than they would otherwise owe in taxes. For those people, the government sends them a payment.

“We have 50 percent of people who are getting something for nothing,” said Curtis Dubay, senior tax policy analyst at the Heritage Foundation.

The vast majority of people who escape federal income taxes still pay other taxes, including federal payroll taxes that fund Social Security and Medicare, and excise taxes on gasoline, aviation, alcohol and cigarettes. Many also pay state or local taxes on sales, income and property.

That helps explain the country’s aversion to taxes, said Clint Stretch, a tax policy expert Deloitte Tax. He said many people simply look at the difference between their gross pay and their take-home pay and blame the government for the disparity.

“It’s not uncommon for people to think that their Social Security taxes, their 401(k) contributions, their share of employer health premiums, all of that stuff in their mind gets lumped into income taxes,” Stretch said.

The federal income tax is the government’s largest source of revenue, raising more than $900 billion — or a little less than half of all government receipts — in the budget year that ended last Sept. 30. But with deductions and credits, especially for families with children, there have long been people who don’t pay it, mainly lower-income families.

The number of households that don’t pay federal income taxes increased substantially in 2008, when the poor economy reduced incomes and Congress cut taxes in an attempt to help recovery.

In 2007, about 38 percent of households paid no federal income tax, a figure that jumped to 49 percent in 2008, according to estimates by the Tax Policy Center.

In 2008, President George W. Bush signed a law providing most families with rebate checks of $300 to $1,200. Last year, Obama signed the economic recovery law that expanded some tax credits and created others. Most targeted low- and middle-income families.

Obama’s Making Work Pay credit provides as much as $800 to couples and $400 to individuals. The expanded child tax credit provides $1,000 for each child under 17. The Earned Income Tax Credit provides up to $5,657 to low-income families with at least three children.

There are also tax credits for college expenses, buying a new home and upgrading an existing home with energy-efficient doors, windows, furnaces and other appliances. Many of the credits are refundable, meaning if the credits exceed the amount of income taxes owed, the taxpayer gets a payment from the government for the difference.

“All these things are ways the government says, if you do this, we’ll reduce your tax bill by some amount,” said Roberton Williams, a senior fellow at the Tax Policy Center.

The government could provide the same benefits through spending programs, with the same effect on the federal budget, Williams said. But it sounds better for politicians to say they cut taxes rather than they started a new spending program, he added.

Obama has pushed tax cuts for low- and middle-income families and tax increases for the wealthy, arguing that wealthier taxpayers fared well in the past decade, so it’s time to pay up. The nation’s wealthiest taxpayers did get big tax breaks under Bush, with the top marginal tax rate reduced from 39.6 percent to 35 percent, and the second-highest rate reduced from 36 percent to 33 percent.

But income tax rates were lowered at every income level. The changes made it relatively easy for families of four making $50,000 to eliminate their income tax liability.

Here’s how they did it, according to Deloitte Tax:

The family was entitled to a standard deduction of $11,400 and four personal exemptions of $3,650 apiece, leaving a taxable income of $24,000. The federal income tax on $24,000 is $2,769.

With two children younger than 17, the family qualified for two $1,000 child tax credits. Its Making Work Pay credit was $800 because the parents were married filing jointly.

The $2,800 in credits exceeds the $2,769 in taxes, so the family makes a $31 profit from the federal income tax. That ought to take the sting out of April 15.

Internal Revenue Service: http://www.irs.gov

Tax Policy Center: http://www.taxpolicycenter.org

Got this email from a friend and simply have to pass it on.  It is the same energy scheme that Glenn Beck spoke of a few months ago and called Crime Inc.  But maybe the written account will be easier to grasp than just listening.  I know I do better with the written word :).

I am posting the email just as I got it so the beginning is what my friend had to say and then the story from the British Times.  BB

*****************************

To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical………..  Thomas Jefferson

It took the British Times to piece together some of Obama cronies’ crooked activities.  The web of

deceit is so huge its staggering.  Read to the end, it gets better as you read.   Just another sell out of the American people by Obama’s crowd and Gore.

So . . . you think you know quite a bit about Obama and his band of thieves.

You don’t know anything yet. Read on all of this as it all comes together in

the last part……..  a must read.

This is an interesting story put together from various articles and TV
shows by the British Times paper. It shows what Obama and his friends
are really all about. It’s not hope and change, it is money.

I warn you, the first part is a little boring, but stick with it. The
second part connects all the dots for you (it will open your eyes). The
end explains how Obama and all his cronies will end up as
multi-billionaires. (It’s definitely worth the read. You will not be
disappointed).
*********************************
A small bank in Chicago called SHOREBANK almost went bankrupt during the
recession. The bank made a profit on its foreign micro-loans (see
below) but had lost money in sub-prime mortgages in the US . It was
facing likely closure by federal regulators. However, because the bank’s
executives were well connected with members of the Obama Administration,
a private rescue bailout was arranged. The bank’s employees had donated
money to Obama’s Senate campaign. In other words, ShoreBank was too
politically connected to be allowed to go under.

ShoreBank survived and invested in many “green” businesses such assolar
panel manufacturing. In fact, the bank was mentioned in one of Obama’s
speeches during his election campaign because it subjected new business
borrowers to eco-litmus tests.

Prior to becoming President, Obama sat on the board of the JOYCE
FOUNDATION, a liberal charity. This foundation was originally
established by Joyce Kean’s family which had accumulated millions of
dollars in the lumber industry. It mostly gave funds to hospitals but
after her death in 1972, the foundation was taken over by radical
environmentalists and social justice extremists.

This JOYCE FOUNDATION, which is rumored to have assets of 8 billion
dollars, has now set up and funded, with a few partners, something
called the CHICAGO CLIMATE EXCHANGE, known as CXX. It will be the
exchange (like the Chicago Grain Futures Market for agriculture) where
Environmental Carbon Credits are traded.

Under Obama’s new bill, businesses in the future will be assessed a tax
on how much CO2 they produce (their Carbon Footprint) or in other words
how much they add to global warming. If a company produces less CO2 than
their allotted measured limit, they earn a Carbon Credit. This Carbon
Credit can be traded on the CXX exchange. Another company, which has
gone over their CO2 limit, can buy the Credit and “reduce” their
footprint and tax liability. It will be like trading shares on Wall
Street.

Well, it was the same JOYCE FOUNDATION, along with some other private
partners and Wall Street firms that funded the bailout of ShoreBank.
The foundation is now one of the major shareholders. The bank has now
been designated to be the “banking arm” of the CHICAGO CLIMATE EXCHANGE
(CXX). In addition, Goldman Sachs has been contracted to run the
investment trading floor of the exchange.

So far so good; now the INTERESTING parts.

One ShoreBank co-founder, named Jan Piercy, was a Wellesley College
roommate of Hillary Clinton. Hillary and Bill Clinton have long
supported the bank and are small investors.

Another co-founder of Shorebank, named Mary Houghton, was a friend of
Obama’s late mother. Obama’s mother worked on foreign MICRO-LOANS for
the Ford Foundation. She worked for the foundation with a guy called
Geithner. Yes, you guessed it. This man was the father of Tim Geithner,
our present Treasury Secretary, who failed to pay all his taxes for two
years.

Another founder of ShoreBank was Ronald Grzywinski, a cohort and close
friend of Jimmy Carter.

The former ShoreBank Vice Chairman was a man called Bob Nash. He was the
deputy campaign manager of Hillary Clinton’s presidential bid. He also
sat on the board of the Chicago Law School with Obama and Bill Ayers,
the former terrorist. Nash was also a member of Obama’s White House
transition team.

(To jog your memories, Bill Ayers is a Professor at the University of
Illinois at Chicago . He founded the Weather Underground, a radical
revolutionary group that bombed buildings in the 60s and 70s. He had no
remorse for those who were killed, escaped jail on a technicality, and
is still an admitted Marxist).

When Obama sat on the board of the JOYCE FOUNDATION, he “funneled”
thousands of charity dollars to a guy named John Ayers, who runs a
dubious education fund. Yes, you guessed it. The brother of Bill Ayers,
the terrorist.

Howard Stanback is a board member of Shorebank. He is a former board
chairman of the Woods Foundation. Obama and Bill Ayers, the terrorist,
also sat on the board of the Woods Foundation. Stanback was formerly
employed by New Kenwood Inc. a real estate development company co-owned
by Tony Rezko.

(You will remember that Tony Rezko was the guy who gave Obama an amazing
sweet deal on his new house. Years prior to this, the law firm of Davis ,
Miner, Barnhill & Galland had represented Rezko’s company and helped him
get more than 43 million dollars in government funding. Guess who worked
as a lawyer at the firm at the time. Yes, Barack Obama).

Adele Simmons, the Director of ShoreBank, is a close friend of Valerie
Jarrett, a White House senior advisor to Obama. Simmons and Jarrett also
sit on the board of a dubious Chicago Civic Organization.

Van Jones sits on the board of ShoreBank and is one the marketing
directors for “green” projects. He also holds a senior advisorposition
for black studies at Princeton University . You will remember that Mr.
Van Jones was appointed by Obama in 2009 to be a Special Advisor for
Green Jobs at the White House. He was forced to resign over past
political activities, including the fact that he is a Marxist.

Al Gore was one of the smaller partners to originally help fund the
CHICAGO CLIMATE EXCHANGE. He also founded a company called Generation
Investment Management (GIM) and registered it in London , England . GIM
has close links to the UK-based Climate Exchange PLC, a holding company
listed on the London Stock Exchange. This company trades Carbon Credits
in Europe (just like CXX will do here) and its floor is run by Goldman
Sachs.

Along with Gore, the other co-founder of GIM is Hank Paulson, the former
US Treasury Secretary and former CEO of Goldman Sachs. His wife, Wendy,
graduated from and is presently a Trustee of Wellesley College. Yes, the
same college that Hillary Clinton and Jan Piercy, a co-founder of
Shorebank attended. (They are all friends).

Interesting? And now the closing…

Because many studies have been exposed as scientific nonsense, people
are slowly realizing that man-made global warming is nothing more than a
money-generating hoax. As a result, Obama is working feverishly to win
the race. He aims to push a Cap-and-Trade Carbon Tax Bill through
Congress and into law.

Obama knows he must get this passed before he loses his majority in
Congress in the November elections. Apart from Climate Change he will
“sell” this bill to the public as generating tax revenue to reduce our
debt. But, it will also make it impossible for US companies to compete
in world markets and drastically increase unemployment. In addition,
energy prices (home utility rates) will sky rocket.

But, here’s the KICKER (THE MONEY TRAIL).

If the bill passes, it is estimated that over 10 TRILLION dollars each
year will be traded on the CXX exchange. At a commission rate of only 4
percent, the exchange would earn close to 400 billion dollars to split
between its owners, all Obama cronies. At a 2 percent rate, Goldman
Sachs would also rake in 200 billion dollars each year.

But don’t forget SHOREBANK. With 10 trillion dollars flowing though its
accounts, the bank will earn close to 40 billion dollars in interest
each year for its owners (more Obama cronies), without even breaking a
sweat.

It is estimated Al Gore alone will probably rake in 15 billion dollars
just in the first year. Of course, Obama’s “commissions” will be held in
trust for him at the Joyce Foundation. They are estimated to be over 8
billion dollars by the time he leaves office in 2013, if the bill passes
this year. Of course, these commissions will continue to be paid for the
rest of his life.

Some financial experts think this will be the largest “scam” or”legal
heist” in world history. Obama’s cronies make the Mafia look like rank
amateurs. They will make Bernie Madoff’s fraud look like penny ante
stuff.

See topic cloud at bottom of page for specific topics.

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BB’s file cabinet

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