Category Archives: Deficit

UPDATE: Welcome To Our Nightmare

Obama and Democrats to meet on DREAM Act

They really want to test that lame leg on the duck now, don’t they?

UPDATE: Yes. Yes indeed they do.

Healthcare Limit Waivers

Check this out.
And look for number 55 in the list.

Cost of Freedom
FOX News contributor Tracy Byrnes said it best:

“The bottom line here is that they gave out waivers is an admission of guilt. Basically they’re saying, “You’re right. We screwed up.” That’s the bottom line here. They did not create a law that benefits all of us.”

UPDATE: First Lame Duck

Maybe not the first, but it seems while she is still Speaker of the House, NP wants to pass the Dream Act.

And Reid. And POTUS. (Don’t act so surprised. As if we don’t have enough to pay for.)

What say you?

I say, no way.

Corruption Never Stops

Bag of Uncounted Ballots Found in Bridgeport

Missing SF ballots found floating in pond

John Kerry Still Hasn’t Paid Yacht Mooring Taxes

“A” For Trying?

Or, are they beating their heads against the wall (so they get us to do the same)?

Fed Will Buy $600 Billion in Debt, Hoping to Spur Growth

This “regime” isn’t over yet, folks.

By the Way – An Endorsement

I haven’t done this on my blog here, or anywhere else for that matter, but before I go to saw some ZZZZZs …..

I would like to recommend that anyone who reads this and hasn’t voted yet, please consider voting for William Campbell.

He is running for State Comptroller against Franchot.

Bill is a fine Republican and former Chief Financial Officer.

I have come to know him, a bit, while on the campaign trail (up to the Primary, September 16th).

He’s a good man. We can look forward to good, honest work and representation from him.

Best of Luck, Bill.

Someone Needs to Explain This

GM Plans To Cut Debt And Pension Obligations By $11B

October 29, 2010

DETROIT (AP) — General Motors Co. says it will cut its debt and pension obligations by $11 billion.

The announcement comes as GM prepares for an initial public sale of company stock.

GM says it will reduce its obligations by buying $2.1 billion worth of preferred stock from the U.S. government. The automaker says it will buy the preferred shares after the initial public offering, which is expected next month.

The U.S. government got a 61 percent ownership stake in GM, plus the preferred stock, in exchange for a $50 billion bailout to get the company through bankruptcy protection last year.

GM will also pay down $2.8 billion owed to a union retiree health care trust fund and pump roughly $6 billion in stock and cash into its underfunded pension plan.

Largest Tax Hike in Jan 2011

If Congress fails to act,
income tax rates will revert to higher levels dating from June 2001.

For a married couple with an income of $80,000, that would drain an extra $221.48 in withholding from a semi-monthly paycheck, according to calculations by the Tax Institute at H&R Block. Married individuals earning $240,000 a year would lose an additional $557.78 to withholding in a single semi-monthly paycheck. The Tax Institute at H&R Block calculated federal tax rates for single-income earners and married taxpayers without children.

Paychecks could shrink in January and into February, depending on how long it takes Congress to act.

More …

God help us.

Waiting For An American Hero

You Need To Know

A couple stories from REDSTATE:

Armageddon: What Democrats Are Hiding & Why They Are Really Scared

“When asked for clarification, the person explained about the accounting rules developed to shore up underfunded union pensions and the dates when those union companies affected would have to assume their liabilities had the DC crowd (in particular, the Democrats and the unions) in a panic.”

Senate Republicans May Not Try to Repeal Obamacare

“In the past several weeks, there have been several closed door, off the record meetings of high dollar donors getting briefings from various elected officials, including several Senators. In each case the donors have been “reassured” by the Senators present that they have no intention of repealing Obamacare, just restructuring it.”