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Wednesday, August 22, 2012

Fixing the Deficit and Congress

© 2012 Rick Adamson
By Rick Adamson 8.22.12

It has been reported that Warren Buffett, in a recent interview with CNBC, offered one of the best quotes about the debt ceiling:

"I could end the deficit in 5 minutes," he told CNBC. "You just pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election.”

The 26th amendment (granting the right to vote for 18 year-olds) took only 3 months and 8 days to be ratified! Why? Simple! The people demanded it. That was in 1971...before computers, e-mail, cell phones, etc.

Of the 27 amendments to the Constitution, seven (7) took 1 year or less to become the law of the land...all because of public pressure.
  
Congressional Reform Act of 2011

1. No Tenure / No Pension. A Congressman collects a salary while in office and receives no pay when they are out of office.

2. Congress (past, present &future) participates in Social Security. All funds in the Congressional retirement fund move to the Social Security system immediately. All future funds flow into the Social Security system, and Congress participates with the American people. It may not be used for any other purpose.

3. Congress can purchase their own retirement plan,
just as all Americans do.

4. Congress will no longer vote themselves a pay raise. Congressional pay will rise by the lower of CPI or 3%.

5. Congress loses their current health care system and participates in the same health care system as the American people.

6. Congress must equally abide by all laws they impose on the American people, i.e., insider trading is legal for members of Congress but not for other citizens, ask Martha Stewart what she thinks of that!

7. All contracts with past and present Congressmen are void effective 1/1/12. The American people did not make this contract with Congressmen. Congressmen made all these contracts for themselves. Serving in Congress is an honor, not a career. The Founding Fathers envisioned citizen legislators, so ours should serve their term(s), then go home and back to work.

THIS IS HOW YOU FIX CONGRESS!!!!!

Obama's Second Term Transformation Plans

© 2012 Rick Adamson
By Rick Adamson 8.22.12
Obama's Second Term Transformation Plans

The following represents an E-Mail I recently received from an anonymous source along with my comments:

Do take the time to read this!  This is the most discerning political statement of all the pre-election material received by email or postal service delivery. This is not a political party appeal.  It is a plea for your help in preserving our Freedom.  We must garner support within each of our communities to counter the Obama master plan.

Wayne

To: Americans everywhere

I was sitting at my keyboard halfway through my writing a letter to you about how Barack Obama was fulfilling his pledge to "Transform America" by "Changing the fundamentals of America", so that our government would become the plantation, he the owner, and we the slaves, when this article by Steve McCann appeared in my inbox. After checking it for accuracy, and finding it so, I put my writing on hold and here present it to you, for I could not say it better.  ...Is it already too late?    

Obama's Second Term Transformation Plans

The 2012 election has often been described as the most pivotal since 1860. This statement is not hyperbole. If Barack Obama is re-elected the United States will never be the same, nor will it be able to re-capture its once lofty status as the most dominant nation in the history of mankind.

The overwhelming majority of Americans do not understand that Obama's first term was dedicated to putting in place executive power to enable him and the administration to fulfill the campaign promise of "transforming America" in his second term regardless of which political party controls Congress. That is why his re-election team is virtually ignoring the plight of incumbent or prospective Democratic Party office holders.

The most significant accomplishment of Obama's first term is to make Congress irrelevant. Under the myopic and blindly loyal leadership of Harry Reid and Nancy Pelosi, the Democrats have succeeded in creating an imperial and, in a second term, a potential dictatorial presidency.

During the first two years of the Obama administration when the Democrats overwhelming controlled both Houses of Congress and the media was in an Obama worshipping stupor, a myriad of laws were passed and actions taken which transferred virtually unlimited power to the executive branch.

The birth of multi-thousand page laws was not an aberration. This tactic was adopted so the bureaucracy controlled by Obama appointees would have sole discretion in interpreting vaguely written laws and enforcing thousands of pages of regulations they and not Congress would subsequently write.

For example, in the 2,700 pages of ObamaCare there are more than 2,500 references to the Secretary of Health and Human Services. There are more than 700 instances when he or she is instructed that they "shall" do something and more than 200 times when they "may" take at their sole discretion some form of regulatory action. On 139 occasions, the law mentions that the "Secretary determines." In essence one person, appointed by and reporting to the president, will be in charge of the health care of 310 million Americans once ObamaCare is fully operational in 2014.

The same is true in the 2,319 pages of the Dodd-Frank Financial Reform Act which confers nearly unlimited power on various agencies to control by fiat the nation's financial, banking and investment sectors. The bill also creates new agencies, such as the Consumer Financial Protection Bureau, not subject to any oversight by Congress. This overall process was repeated numerous times with other legislation all with the intent of granting unfettered power to the executive branch controlled by Barack Obama and his radical associates.

Additionally, the Obama administration has, through its unilaterally determined rule making and regulatory powers, created laws out of whole cloth. The Environmental Protection Agency on a near daily basis issues new regulations clearly out of their purview in order to modify and change environmental laws previously passed and to impose a radical green agenda never approved by Congress. The same is true of the Energy and Interior Departments among many others.

None of these extra-constitutional actions have been challenged by Congress. The left in America knows this usurpation of power is nearly impossible to reverse unless stopped in its early stages.

It is clearly the mindset of this administration and its appointees that Congress is merely a nuisance and can be ignored after they were able to take full advantage of the useful idiots in the Democrat controlled House and Senate in 2009-2010 and the Democrat Senate in the current Congress.
Additionally, Barack Obama knows after his re-election a Republican controlled House and Senate will not be able to enact any legislation to roll back the power previously granted to the Executive Branch or usurped by them. His veto will not be overridden as there will always be at least 145 Democratic members of the House or 34 in the Senate in agreement with or intimidated by an administration more than willing to use Chicago style political tactics.

The stalemate between the Executive and Legislative Branches will inure to the benefit of Barack Obama and his fellow leftists.

The most significant power Congress has is the control of the purse-strings as all spending must be approved by them. However, once re-elected, Barack Obama, as confirmed by his willingness to do or say anything and his unscrupulous re-election tactics, would not only threaten government shutdowns but would deliberately withhold payments to those dependent on government support as a means of intimidating and forcing a Republican controlled Congress to surrender to his demands, thus neutering their ability to control the administration through spending constraints.

Further, this administration has shown contempt for the courts by ignoring various court orders, e.g. the Gulf of Mexico oil drilling moratorium, as well as stonewalling subpoenas and requests issued by Congress. The Eric Holder Justice Department has become the epitome of corruption as part of the most dishonest and deceitful administration in American history. In a second term the arrogance of Barack Obama and his minions will become more blatant as he will not have to be concerned with re-election.

Who will be there to enforce the rule of law, a Supreme Court ruling or the Constitution? No. Barack Obama and his fellow-travelers will be unchallenged as they run roughshod over the American people.

Many Republicans and conservatives dissatisfied with the prospect of Mitt Romney as the nominee for president are instead focused on re-taking the House and Senate. That goal, while worthy and necessary, is meaningless unless Barack Obama is defeated. The nation is not dealing with a person of character and integrity but someone of single-minded purpose and overwhelming narcissism. Judging by his actions, words and deeds during his first term, he does not intend to work with Congress either Republican or Democrat in his second term but rather to force his radical agenda on the American people through the power he has usurped or been granted.

The governmental structure of the United States was set up by the founders in the hope that over the years only those people of high moral character and integrity would assume the reins of power. However, knowing that was not always possible, they dispersed power over three distinct and independent branches as a check on each other.

What they could not imagine is the surrender and abdication of its constitutional duty by the preeminent governmental branch, the Congress, to a chief executive devoid of any character or integrity coupled with a judiciary essentially powerless to enforce the law when the chief executive ignores them.

Conservatives, Libertarians, the Republican Party and Mitt Romney must come to grips with this moment in time and their historical role in denying Barack Obama and his minions their ultimate goal. All resources must be directed at that end-game and not merely controlling Congress and the various committee chairmanships.

Steve McCann

May 12, 2012

I would add but 6 words to those above mentioned, Conservatives, Libertarians, the Republican Party and Mitt Romney, to say "and we the American people also", must come to grips with this moment in time and our role in denying Barack Obama his life long goal of "transforming" us into his slaves working on his government plantation.

Wayne

I would add as examples of Obama’s power grab:

They selectively enforce the laws by-

     Refusing to prosecute persons/groups who intimate voters but at the same time they prosecute Rodger Clemens for allegedly doing what Eric Holder does all of the time.
           
     Refusing to enforce the laws already on the books which prohibit hiring of undocumented workers.
           
     Refusing to submit to Congress’s request for documents re fast and furious.
           
Making the Dream Act law through executive order even though Congress has refused to pass the law.

They use fast and furious as fuel to fire at gun ownership.  At the same time Obama, Hilary and Holder were raving about the allegation that Mexico’s gun problem was caused by the USA’s gun laws; the United States Government was facilitating illegal gun shipments to the outlaws in Mexico.  It was never ordinary US citizens who were shipping guns to Mexico. It was our own Government.  Most citizens are aware of the severe consequences of bootlegging guns to another Nation and as a result they would not do such a thing.  It was our Government trying to provide propaganda for blaming our citizens for causing the gun violence in Mexico and therefore promoting gun controls.

Illinois, the President’s and Holder’s home state) is the only state in the Union that flatly forbids law-abiding citizens from carrying operable firearms in public for self-defense (concealed carry permits).  Illinois attempts to defend this ban as a public safety measure, asserting that mayhem would ensue if law-abiding citizens were licensed to bear weapons in public.  The inconvenient truth that every other state in the nation allows some form of public carriage of firearms by at least some private, law-abiding citizens—and does so without fostering the mayhem forecast by the Defendants here (studies show the allowing some form of concealed carry results in reduced violence crime)—gives the lie to Illinois's pleas that firearms in the hands of any and all law-abiding citizens are uniquely a threat to public safety in this state, even if nowhere else in America.” 

At the same time Americans have a better chance of being killed in Chicago than U.S. troops do in Afghanistan, figures from the nation’s third-largest city show. This year 228 Chicago residents have been killed, while the number of U.S. troops killed in Afghanistan during the same period is 144, The Huffington Post reported.  There were 15 murders in Chicago the night before July 4, 2012. The news comes amidst some bad PR for the Chicago Police Department—this month it assigned 100 officers to the wedding of the daughter of a White House adviser, Valerie Jarrett. The department has been proactive in trying to quell the violence, offering officers overtime pay for working their days off and deploying a large number of officers to high crime areas, like downtown where a “mob-style” attack have occurred recently. It’s not just this year that Chicago outpaced Afghanistan in terms of deaths by violence, either. Since 2001 more than 5,000 people have been killed by gunfire in Chicago, and during that same period 2,000 U.S. troops were killed in AfghanistanChicago’s WBEZ 91.5 reported. The murder rate in Chicago is twice that of Los Angeles and four times higher than New York’s rate, and in recent weeks the Windy City has had some high-profile incidents. Warmer weather has brought a surge in gun violence, with more expected at the upcoming Puerto Rican Festival and the large crowds it draws, The Huffington Post reported. Garry McCarthy, Chicago’s police superintendent, said the city’s rate is actually improving but that it deals with a “perception problem,” the Chicago Tribune reported. Chicago’s homicide statistics have actually improved in the past two years, he noted.

So much for gun control!  We need to enforce the law and make a distinction between legal and illegal guns.  Otherwise, we just leave the guns in the hands of the criminals, i.e., Chicago.  It is inconceivable for me to understand why the administration believes outlawing guns will solve gun violence given the fact that they have tried it in Illinois.  I would just ask Obama, Holder and Hillary “how’s that working for you?”

And by the way, the EPA is being had been encouraged to outlaw lead bullets used by hunters due to their environmental effects.  This is just another form of gun control.

Finally, if given a second term, they will in all probability be able to install two or three Supreme Court justices.  This could potentially change the leaning of the court for 30 or 40 years.  The ability to do this might be more important than any other reason to deny Obama a second term.  It is critical that people begin to realize the importance of this potential action.
 
Rick Adamson, July 6, 2012

Saturday, November 20, 2010

obamacare


By Rick Adamson 11.22.11
© 2010 Rick Adamson

Fox News just reported that California’s’ unemployment system has no money and that the State has already borrowed $9 Billion from the Federal Government in order to continue to pay these benefits (bailout?).  Moreover, that it has a structural deficit of $20 Billion (meaning that their budget is, for all practical purposes, permanently out of balance by that amount).

Their credit rating is the worst of any of the 50 States.  Their high school drop out rate is 32% despite having one of the most expensive systems in the Country.

Considering this they just elected a liberal Democratic Governor Brown, and Representative Boxer.  Where do they get off?  When will they get serious?

It appears that they expect the Feds to continue to bail them out.

I don’t know about you but I say NO.  I do not want to be a part of providing them with money to waste on their Liberal ways.

If we are not careful the rest of the Country will look like California sooner then you may think.  Let’s all study California in order not to repeat her mistakes.

For more see the following article:

The American Dream

Waking People Up And Getting Them To Realize 
That The American Dream Is Quickly Becoming 
The American Nightmare




Wednesday, November 10, 2010

Taxes as a Percentage of GDP

© 2010 Rick Adamson

By Rick Adamson 11.7.10

The Federal Government collects taxes which historically amount to 20% to 25% of gross domestic product (GDP). GDP is the value of all products and services produced and sold during a particular period. I have for many years thought that total taxes, after considering local ones, amount to closer to 50% of income.

I just found this link which will allow you to see the spending, as a percentage of GDP, of the Federal government as well as for State and local governments.

It supports my belief. That is that State and local taxes also amount to between 20 and 25% of their respective GDP’s.

Thus, on average, once you pay your Federal income taxes, your State income taxes, your State and local sales taxes and your property taxes etc., you have spent about one half of what you earn (your GDP).


Considering that about half of working people do not pay any Federal Income taxes at all it would be fair to say that many of us pay considerably more than half our income for taxes of various kinds.


It is too bad that the politicians spend this money like drunken sailors. If they would view these funds as they do their own they would not want to waste it. But they do not view the public’s money in that way but as a source of funds to further their power hungry gold digging ways.


I just heard David Stockman (budget director under President Reagan) say that in the last 30 years the size of the US economy has tripled while spending is 14 times higher. That means that spending has out paced revenue growth by almost 5 to 1.


If you or I managed our household in that manner we would have long ago been bankrupt. The big difference is that you and I cannot print our own money. And the Feds cannot do it forever either. It cannot last!

Wednesday, September 22, 2010

Obama and the Economy

© 2010 Rick Adamson
By Rick Adamson 9.22.10

I must admit that I am astonished at President Obama’s lack of understanding of economics and business. He seems to believe that he can (or should be able to) manage all things from the oval office.

His omnipotent personality causes him to get involved in things he has no business doing, e.g. his comments about not going to Las Vegas resulted in the cancellation of 400 conventions in the city according to Nevada Governor, what business is it of his whether a Mosque is built in Manhattan?, calling the police stupid for arresting a belligerent College professor, opposing Arizona’s new Immigration Law (before reading it), whereby people are just trying to protect themselves because the Feds will not.

He should just quit babbling and get out of the way.

He is currently acting out of desperation (due to the upcoming election) to do something (anything) to stimulate the economy. The problem is a lack of demand and he cannot do much about that domestic demand. He has proposed giving business additional write-offs for research and development and for purchased equipment. There is also a tax credit provision on the books for hiring employees.

These types of incentives will not work because businesses will not respond until there is a demand for their products or services. They will not hire people in order to get a tax credit if there is nothing for the employee to do. They will not buy equipment just to get the write-off if they do not need the equipment.

One way to stimulate demand is to encourage companies to export products. What about some incentives/tax breaks in this regard? This would allow business to be more competitive (reducing their selling prices) and result in more exports.

It should be noted that the countries with the best economies at the present time are exporting countries like China, India, Germany and Japan.

Stimulating demand domestically is very difficult and it probably will take a long time to recover because people have been so badly burned.

I think the best thing Mr. Obama could do is to reduce the uncertainly about government policy and let the private sector take care of itself. This could be done by making the Bush Tax cuts permanent, stop all talk about raising any taxes (cap and trade, taxes on companies operating outside of the country, eliminating the Bush Tax cuts and higher taxes on oil and gas companies).

Let’s eliminate as much uncertainly as possible and let the private sector move ahead.
Mr. Obama does not seem to understand that tax increases on companies do not hurt those companies because they just increase the price of their products. So, it forces the consumer to pay higher prices which further reduces demand. This is the opposite of what we now need.

I wish he would just get out of the way and let the economy recover naturally, because it cannot be done by Washington.

Sunday, September 12, 2010

More on the Coming Tax Increases

Some Thoughts About the Pending Tax Increases
© 2010 Rick Adamson
By Rick Adamson 9.12.10

The Democrats constantly refer to the Bush tax cuts as tax cuts for the rich. That is a lie. The majority of the tax reductions went to those in the not so rich category.

It has been reported that by letting the Bush tax cuts expire Government revenue would increase by $700 billion per year. It has also been reported that of that figure about 10 percent would come from those making over $250,000 per year.

That leaves 90 percent or $630 billion to be paid by the rest of us. So much for the promise of no new taxes on the middle class.

It, therefore, seems logical that if 90 percent of the tax increase (resulting from the expiration of the Bush tax
cuts) will come from the not so rich then 90 percent of the tax reductions went to these same not so rich people in the first place. This proves that the Bush tax cuts were not only for the rich.
The Bush tax cuts were not such a bad idea. They removed the marriage penalty, increased the child tax credit, made the death tax much more reasonable and reduced the tax rates for everyone, among many other good things.

For example, it has been reported that almost 50 percent of taxpayers do not pay any income taxes. Thanks go to Bush not Obama. This percentage will go down if the Bush tax cuts are allowed to expire and cause more folks to pay tax.

If Obama is so hell bent on taxing the rich just make one simple change. Make the Bush tax cuts permanent and add a new tax bracket for income over 250,000—39.6. Stop.
In addition, in my personal opinion, the estate tax should be reinstituted for estates above $5,000,000 with a maximum rate of 35 percent.

As an aside, the problem with our deficit is not so much the tax cuts but the fact that Government spending increased so much. Spending increases have exceeded the effect of the tax cuts by nine times.
Lastly, we could just scrape the whole damn mess and put in the Fair Tax Plan. To read about that select the “A case for the Fair Tax Plan” post.

USA Today Article on Debt

Check out this article: