Pack93z
14 years ago


I've argued that we should have a heart and accept the new health legislation because it is going to help the poor tremendously. This new health care is going to kick me in the nuts. It has to because we have tremendous health care right now and there is no way but down. But here's the thing: I should be madder than hell like all my friends and some of you but I'm not and here's why. I once didn't have a pot to piss in and received some help. I climbed out of the gutter to make a good life so I feel I owe something back for the help I received. And if they're going to rob from me to do it, well, I guess I should try to remember how fortunat I really am to have the life I have.

"DakotaT" wrote:



My thoughts to a tee, better than I could have stated it.. +1.
"The oranges are dry; the apples are mealy; and the papayas... I don't know what's going on with the papayas!"
Pack93z
14 years ago



Speaker at Wausau tea party rally withdraws after white supremacy connections surface 

MADISON -- An Alabama attorney who has spoken to white supremacists who believe slavery is ordained by God withdrew Thursday from a planned appearance at a Wausau tea party rally next week after organizers questioned his views.

John Eidsmoe of Pike Road, Ala., was scheduled to speak at the April 15 event alongside Jefferson County Circuit Judge Randy Koschnick and others.

But Koschnick complained to the rally's organizer after being presented with information about Eidsmoe's background by The Associated Press. Wausau tea party organizer Meg Ellefson said Koschnick's concerns were legitimate and after she called Eidsmoe on Thursday, he offered to withdraw from the rally.

"I was horrified to hear some of the things that the AP reporter provided," said organizer Meg Ellefson in a telephone interview with the Wausau Daily Herald. "We certainly don't agree with those views.

"I didn't want to jeopardize the integrity of the event," Ellefson said. "This is supposed to be about the Constitution."

Eidsmoe did not return e-mail or phone messages left by AP.

Koschnick, a self-professed conservative judge who ran unsuccessfully for Wisconsin Supreme Court last year, said he was unaware of Eidsmoe's background when he agreed to participate in the tea party rally with him.

Koschnick decided not to attend the rally with Eidsmoe after being provided links to a video of a February celebration marking Alabama's secession from the union in which Eidsmoe said Confederate leader Jefferson Davis understood the Constitution better than Abraham Lincoln.

Eidsmoe has spoken before the League of the South, tagged by the Southern Poverty Law Center as a hate group because it believes slavery was ordained by God. He also has spoken at meetings of the Council of Conservative Citizens, which opposes racial integration; has compared Michael Jackson to an ape; referred to blacks as "a retrograde species of humanity"; and says the United States should "remain European in character," according to the SPLC.

"Eidsmoe doesn't just flirt with white supremacists; he regularly speaks to them," said SPLC research director Heidi Beirich.

The April 15 event, timed to coincide with the day taxes are due, is one of several being planned across the country.

Koschnick said the background material on Eidsmoe was "really disturbing stuff."

Ellefson, the rally's organizer, said a friend of hers recommended Eidsmoe after seeing a speech he gave on the Constitution. But Ellefson, after seeing the same information Koschnick did, decided against having him at the rally.

"As soon as I was made aware of it, it was a no-brainer," she said. "The whole objective of our event in April is to educate the people about the Constitution. ... It's certainly not supposed to be about controversy surrounding a speaker."


"The oranges are dry; the apples are mealy; and the papayas... I don't know what's going on with the papayas!"
Nonstopdrivel
14 years ago

I feel I owe something back for the help I received.

"DakotaT" wrote:



It's great that you feel this obligation. So express your gratitude with your wallet -- make a freewill contribution to organizations who help those in need -- like I do. Better yet, volunteer with such organizations. As the old saying goes: "God loves a cheerful giver." There's nothing praiseworthy about giving because you're forced by the heavy hand of government to give. I trust organizations out there on the front lines to make better, more fiscally responsible use of my money than a monolithic collection of ivory-tower bureaucrats cloistered in Washington.
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DakotaT
14 years ago

I feel I owe something back for the help I received.

"Nonstopdrivel" wrote:



It's great that you feel this obligation. So express your gratitude with your wallet -- make a freewill contribution to organizations who help those in need -- like I do. Better yet, volunteer with such organizations. As the old saying goes: "God loves a cheerful giver." There's nothing praiseworthy about giving because you're forced by the heavy hand of government to give. I trust organizations out there on the front lines to make better, more fiscally responsible use of my money than a monolithic collection of ivory-tower bureaucrats cloistered in Washington.

"DakotaT" wrote:



How do you know I haven't? These deeds should be done anonymously. You say no one has clean hands, but I disagree.
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Nonstopdrivel
14 years ago
I never insinuated you didn't do such things. I was merely encouraging you to do them.

I wholeheartedly that charitable deeds and donations should be done anonymously. That's why I don't claim my donations on my 1040.

Something else to consider is that our tax dollars aren't really going to pay for this healthcare plan. It's being funded by borrowing, plain and simple. This year, over 50% of the federal budget is being paid for with new borrowing, and the deficit is only projected to rise over the next few years. We're not really taking care of our fellow citizens with this plan -- we're making promises we can't afford to keep unless foreign investors keep our line of credit open indefinitely.
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zombieslayer
14 years ago

I wholeheartedly agree that they should be done anonymously. That's why I don't claim my donations on my 1040.

"Nonstopdrivel" wrote:



I do claim donations because I pay way too much in taxes already. It does piss me off that I have to do this, but I want my money. Kudos though to those who do it the right way, as you do.

Yet another reason that we should get rid of the IRS and have a nat'l sales tax and only that. NOBODY should know who you give to, other than your mom, or anyone else you wish to tell.
My man Donald Driver
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2010 will be seen as the beginning of the new Packers dynasty. 🇹🇹 🇲🇲 🇦🇷
Nonstopdrivel
14 years ago
The irony is that under a national sales tax system, the average person would probably pay more in federal taxes than he does now, but at least it would more equitably spread out the tax burden over the general population. I can't remember the exact statistic, but something like 30% of Americans pay no income taxes whatsoever. That's an absurd proportion of the population not paying into the general fund. No one should be exempt from paying their fair share. That's why the Constitution provides for taxes to be assessed by population.
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Porforis
14 years ago

I never insinuated you didn't do such things. I was merely encouraging you to do them.

I wholeheartedly that charitable deeds and donations should be done anonymously. That's why I don't claim my donations on my 1040.

Something else to consider is that our tax dollars aren't really going to pay for this healthcare plan. It's being funded by borrowing, plain and simple. This year, over 50% of the federal budget is being paid for with new borrowing, and the deficit is only projected to rise over the next few years. We're not really taking care of our fellow citizens with this plan -- we're making promises we can't afford to keep unless foreign investors keep our line of credit open indefinitely.

"Nonstopdrivel" wrote:



But Obama told me it's deficit-neutral! The NON-PARTISAN CBO agreed!

Teeheehee 😉
zombieslayer
14 years ago
Drug dealers, pimps, prostitutes, money launderers, etc., all don't pay income tax. In fact, you and I are paying for the services they receive. Nice to know, huh?

I'd probably pay less because I have a good handle of what I spend. I control the family spending. I give my wife an allowance and she can spend on whatever she wants, but how much she gets is controlled by me.

In a couple, you usually have one who is good at finance and the other is horrible. The one who is good with money needs to be a Nazi and give the other an allowance. Note that this applies to either gender, so I'm not being sexist here. My former co-worker was the reverse. She was responsible, he a complete idiot. She regrets not being a Nazi with the checkbook. He blew through all the dot com money SHE made.
My man Donald Driver
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2010 will be seen as the beginning of the new Packers dynasty. 🇹🇹 🇲🇲 🇦🇷
Nonstopdrivel
14 years ago

April 9, 2010
Why the Fed Wont Rescue Americas Plunging Savings Rate
 

By Martin Hutchinson, Contributing Editor, Money Morning

In the 1992 election campaign, H. Ross Perot predicted a "giant sucking sound" of U.S. jobs heading for Mexico if the North American Free Trade Agreement passed. Perot seems to have been wrong on that - wherever U.S. jobs have gone, it's not Mexico.

Nevertheless, if you listen carefully there's still a "giant sucking sound" - but this time it's the sound of U.S. capital headed overseas.

Personal income for February was flat according to the Bureau of Economic Analysis, but personal consumption expenditure was up 0.3% -- in other words Americans were spending more money without having more income. The personal savings rate, expressed as a percentage of personal disposable income (after taxes and social security payments) dropped in the month to 3.1% from 3.4% in January.

That drop in the savings rate is worrying. The February rate is far below the 4.7% average savings rate in 2009, heading down towards the all-time low annual savings rate of 1.4% in 2005.

It had been hoped that the savings rate in the recession would rise back towards the 1965-95 average rate of about 8%. That would have provided domestic capital to finance domestic industry and at least part of the budget deficit, making the United States somewhat less dependent on foreign investors for its needs.

The United States had a very low savings rate through the 2002-07 economic cycle. It manifested itself in a number of ways: The balance of payments deficit soared to above $800 billion in 2006, and consumer borrowing broke record after record. However, if damage was done to the U.S. economy, it was beneath the surface.

This time around, we may not be so lucky. The difference is that the federal budget deficit is running at over 10% of gross domestic product (GDP). That means that foreign money not only has to help U.S. corporations finance capital expansion, since savings in the U.S. economy are lacking, but it also has to pour 10% of U.S. GDP into the maw of the federal Treasury.

This will almost certainly have two effects.

First, the U.S. payments deficit will expand far beyond $800 billion per annum, stopping only when foreigners refuse to buy more U.S. assets. Second, U.S. businesses will find it very difficult to get money, and so any plans they have for capital expansion in the domestic market will be stymied.

In the long term, a payments deficit of this size combined with an ultra-low savings rate has a pernicious effect. It starves the U.S. economy of capital.

In the past, U.S. living standards have been in the best in the world for three reasons:

* The education system was excellent - but many other systems have caught up with it.

* It was relatively un-bureaucratic, un-corrupt and low-tax - all of which appear to be changing.

* And most important, it had the most capital to support its pool of labor. That capital superiority has already been sharply diminished, owing to the low, post-1995 savings rates in the United States and the high ones in Asia; it may now be about to disappear altogether.

The solution to these problems is obvious, but frustratingly difficult to get adopted in the face of entrenched opposition. It is for U.S. interest rates to rise sharply, so that savers are assured a substantial real return on the amounts they save.

Since 2000, any saving has been penalized by an interest rate below the rate of inflation (well below, after tax has been paid) and by a stock market that has gone nowhere. Meanwhile, even excessive borrowers were hugely subsidized by the Fed at the expense of savers.

Only when interest rates are well above the level of inflation, and taxes are adjusted so that savers are not unfairly penalized (such as by the double taxation of dividends, at the corporate and individual level) will savings recover enough that the economy's domestic capital needs are funded from domestic sources.

As for the huge budget deficit, that has to go - or at least it must quickly be brought down to a level at which it can be financed domestically, without U.S. debt spiraling out of control.

Higher interest rates and a balanced budget. That's what's needed - but politicians and the Fed will fight it every inch of the way.


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Mucky Tundra (11-Nov) : Lions escape with a win
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beast (5-Nov) : Might just re-sign the kicker we got
beast (5-Nov) : Are there any kickers worth drafting next year?
Zero2Cool (5-Nov) : Preston Smith for Malik Willis
Mucky Tundra (5-Nov) : Getting a 7th rounder from the Stillers
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Mucky Tundra (5-Nov) : Steelers getting a premier lockdown corner!
Zero2Cool (5-Nov) : Packers are trading edge rusher Preston Smith to the Pittsburgh Steelers, per sources.
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Martha Careful (5-Nov) : any interest in Marshon Lattimore?
Zero2Cool (4-Nov) : What does NFL do if they're over cap?
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