by Run 75411 The Elephants are Still Thirsty In my earlier post on Carrying Water for Elephants I explained how the $716 billion in planned reductions to Medicare was calculated, who it impacted, and from where it originated. The $716 billion is far larger than the initial $449 billion first reported. In 2010, the CBO arrived […]
A book review by Dale Coberly ONE NATION UNDER AARP The Fight Over Medicare, Social Security, and America’s Futureby Frederick R. Lynch I was asked to write a review of this book, perhaps because I sometimes write about Social Security. But I had to completely rearrange my perspective in order to even understand what the […]
The Federal Bailout That Saved Bain Capital & Mitt Romney Government documents prove the candidate’s mythology is just that by: Tim Dickinson Mitt Romney likes to say he won’t “apologize” for his success in business. But what he never says is “thank you” – to the American people – for the federal bailout of Bain […]
by Linda Beale RS goofing on foreign trust letters, says AICPA The American Institute of CPAs (AICPA) is asking the IRS Commissioner to resolve what it suggests is a “widespread problem” for taxpayers. Download AICPA Letter to IRS on Erroneous Form 3520 Letters to Taxapyers.082812. For 2010 and earlier years, the IRS apparently has made […]
Worth a post but this one is an item of information for gold bugs (hat tip J. McCord) From Bloomberg: Republicans Embrace Gold to Hedge Non-Existent Inflation The platform the party adopted yesterday at its national convention in Tampa, Florida, calls for a commission to investigate a possible “metallic basis for U.S. currency.” The move […]
Lifted from Robert’s: Mr Smith from Washington has a lot of trouble with the concept of consent. Maybe this is because when he says “no” he really means “yes”. “TOM SMITH (R-PA): Uh, having a baby out of wedlock. SCOLFORO: That’s similar to rape? SMITH: No, no, no, but… yes”http://t.co/KNxA3jPK
by Kenneth Thomas Hilarious twist on “You didn’t build that!” UPDATED The Atlantic Wire (via @NoBigGovDuh) has a great story on the dishonesty of Mitt Romney’s “You didn’t build that” ads. It turns out that at the Republican convention on Tuesday night, they plan to ramp it up again with a speech by a small […]
Top Nine Contributors to the Candidates: 1. SHELDON & MIRIAM ADELSON, CONSERVATIVE $38.8 MILLION2. HAROLD & ANNETTE SIMMONS, CONSERVATIVE $15.7 MILLION3. BOB PERRY, CONSERVATIVE $12.0 MILLION4. NAT’l EDUCATION ASSC. LIBERAL (3 million members) $5.3 MILLION5. SERVICE EMPLOYEES INTERNATIONAL UNION, LIBERAL (2.1 million members) $3.7 MILLION6. PETER THIEL, LIBERTARIAN $3.9 MILLION7. FRED EYCHANER, LIBERAL $3.7 MILLI […]
Not enough Vowels or Numbers is lifted from Robert’s blog:; Maureen Tcacik wrote In the years since the Bankruptcy Reform Act passed in 1978, the nominal price of college tuition has risen more than 900 percent. Over the same period the median male income – again, nominally – has risen 165 percent. And since the percentage […]
by Linda Beale Dow Jones video admits there’s not much other than anecdotal tales that even millionaires readily move from one state to another to avoid taxes OK. Admittedly long title. But you get the point. The anti-tax gurus are forever saying that states (and countries) can’t increase taxes from our historically very low point […]