Are the Feds eyeing private money to finance deficit?
Do you know Steve Wynn? Very successful businessman. Here is his take on the U. S. Economy.
President Obama chatted with Buffett in the Oval office. Warren told the President, recovery has a long way to go.
Starting a new business? Thinking about it? Not many are. Wonder why. Aren't there any good business opportunities? How about this?
Social Security ... just how likely is the program to be available for your retirement. Congress is going to fix it. Oh, good. Every program fixed by Congress is a disaster.
The Debt Commission report is out. It was briefed at the Governor's Conference on 12 July. Not a happy report.
Did you ever wonder how banks handle foreclosures without going broke.
We're being told that this economy is in a mess. Are you affected? Is your income being reduced? Do things cost you more? In what way is the economy affecting you? Is this all just government scare hype.
How is your retirement plan? Suppose the government took it over? And ran it like Social Security?
Here is a neat way to understand President Obama's proposed budget cuts. Show the Pennies...
Here is something I really never new about unemployment benefits. Representative Pelosi has explained it here.
And now new information about the JOBS BILL. It's a wonderful thing.
No doubt the dollar value is in freefall. It's buying power for imported goods is dropping. Our employment rate is about 90%. Is our current government doing this on purpose? Excessive spending using borrowed money is not the way to fix the economy. But the Commission On Budget Reform has a solution.
Another viewpoint about the debt. Very good summary of the impact. And this "road trip" illustration is really nifty, short and must see it!
What about "normal" federal budget spending? Is your money being spent wisely? Here is how Congress spends your money.
Watch the banking industry hearings closely. This is a government scheme with traps.
Barney Frank explains the Housing Bubble. Said it's no problem.
U.S. Debt Shock May Hit In 2018, Maybe As Soon As 2013: Moody's warns investors.
Taxpayer Info, explores and exposes the cost of various social programs.
The National Debt Awareness Center found a number of "strange" items in the 2011 Federal Budget proposal President Obama presented to Congress.
One in particular shows a huge decrease in the proposed budget for the Treasury Department. Its budget includes the interest payments on the national debt, and the IRS. So how could this decrease possibly occur? Interest rates have not dropped from 2009 to 2010 to 2011; and the debt has not gone down.
But there is also a huge increase in the Department of Labor budget, completely offsetting the reduction in the Treasury's budget. And just what is it that the federal government is doing in this Department of Labor? What is our money being used for? Somehow I keep thinking ... labor unions are getting our money.
Also, the Department of Education budget is almost double that from 2010 actual expenditure. There are other budget increases. Look at the bar chart on the NDAC web site. And I keep thinking ... Teacher's Unions.
The "Historical Tables", adjunct to the Budget Proposal, published by the Office of Management and Budget, is accessible on the NDAC web site. The table shows the details, but one can only infer the budget shuffle, based on the increases and decreases.
UPDATE: 21 August 2010: Earlier this month we reported the Social Security Administration (SSA) reported that more was being spent out to beneficiaries than was coming in to the Trust Fund. In this report, the SSA points out that the Trust Fund is backed by the "full faith and credit of the U. S. Government". We now know what that means: more taxes to fund bailouts.
And is this part of the problem? Nearly half of US households escape fed income tax! Time for Fair Tax!
Have you heard of the California Effect? It's very high unemployment and welfare rate is a burden on the rest of us.
Capitalism reality check. Challenges answered.
The ugly Cap and Trade bill is getting uglier.
And how did our economy get so hosed up? Maybe this is how. And here are five lies about the economy.
Some look at the Argentina example of what happens to a country with huge debt.
Is the U. S. now financially in the red?
Government spending does NOT stimulate the economy!
As far as Bush ruining the economy ... Just remember that the first 6 years of Bush were some of the greatest economically for the US. The last 2 years of Bush presidency (after Democrats won the majority in the House and Senate) were some of our worst. Coincidence? You decide.
If our government leaders really, really want to fix the economy, they need to pass the Fair Tax Act (HR25, S296). Click on the banner just below.
Our national debt is growing and is a huge burden on our budget. Our federal income tax system is a dissaster. There are bills in Congress to fix the federal tax system. They would get rid of all federal income taxes, abolish the IRS, and repeal 16th Amendment. These bills will replace the federal income tax system with a national retail sales tax. Instead of the business taxes being hidden, you'd be able see the federal tax on your cash register receipt. The amount of the tax will be about the same as the hidden tax burden currently embedded in the price of what you buy, but doesn't now show on the cash register ticket. Big thing about it, you won't have to calculate your income tax any more, and you'll get 100% of you paycheck. The bills are HR25 and S296. Get 'em passed! Here is some great information about the bills and how you can help get them passed.
Tax Awareness! Most Americans have no idea how much tax they pay. Did you know that everything you buy, about 25-30% of the cost is taxes? If you rent a home, did you realize that embedded in your rent is the cost of property tax? And not just the tax itself, but the cost of figuring out that tax; not just on the products or the property, but for all the employees needed to produce the product or manage the property. Producers and owners must cover all their costs, taxes are part of cost. Learn more about it. You are being ripped off, and you don't even know it. And not just you. It's not your kids and grandkids; we're all paying for it now! The Fair Taxers and the TEA partyers have it right/correct. The real problem is you don't even know it! If you did, you'd be pushing and screaming like crazy. Visit http://www.federalbudget.com and see if you can justify your oblivion.
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