Archive for November 2012
Posted November 30, 2012on:
Geithner’s visit to his office left McConnell discouraged about reaching a “balanced” deal on tax hikes and spending reductions designed to prevent a shock to the economy in January. “Nothing good is happening” in the negotiations, McConnell says, because of Obama’s insistence on tax rate hikes for the wealthy but unwillingness to embrace serious spending cuts.
Geithner suggested $1.6 trillion in tax increases, McConnell says, but showed “minimal or no interest” in spending cuts. When congressional leaders went to the White House three days after the election, Obama talked of possible curbs on the explosive growth of food stamps and Social Security disability payments. But since Geithner didn’t mention them, those reductions appear to be off the table now, McConnell says.
Obama is pushing to raise the tax rates on couples earning more than $250,000 and individuals earning more than $200,000. But those wouldn’t produce revenues anywhere near $1.6 trillion over a decade.
The “guess” of those involved in the negotiations, Politico reported, is that a bipartisan deal “will include a rate hike, higher taxes on carried interest and probably capital gains and dividends, and either a cap on total deductions for rich people or some form of a minimum tax rate for them.”
House speaker John Boehner said today that nothing has been agreed to. “No substantive progress has been made.”
Source: Weekly Standard
#1 According to one calculation, the number of Americans on food stamps now exceeds the combined populations of “Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming.”
#2 In October 2008, 30.8 million Americans were on food stamps. By August 2012 that number had risen to 47.1 million Americans.
#3 Right now, one out of every seven Americans is on food stamps and one out of every four American children is on food stamps.
#4 It is projected that half of all American children will be on food stamps at least once before they turn 18 years of age.
#5 According to new numbers that were just released by the U.S. Census Bureau, the number of Americans living in poverty increased to a new all-time record high of 49.7 million last year.
#6 The number of Americans living in poverty has increased by about 6 million over the past four years.
#7 Today, about one out of every four workers in the United States brings home wages that are at or below the federal poverty level.
#8 According to the U.S. Census Bureau, the poverty rate for children living in the United States is about 22 percent.
#9 Overall, approximately 57 percent of all children in the United States are living in homes that are either considered to be either “low income” or impoverished.
#10 In the United States today, close to 100 million Americans are considered to be either “poor” or “near poor”.
#11 One university study estimates that child poverty costs the U.S. economy 500 billion dollars each year.
#12 Households that are led by a single mother have a 31.6 percent poverty rate.
#13 In 2010, 42 percent of all single mothers in the United States were on food stamps.
#14 According to the National Center for Children in Poverty, 36.4 percent of all children in Philadelphia are living in poverty, 40.1 percent of all children in Atlanta are living in poverty, 52.6 percent of all children in Cleveland are living in poverty and 53.6 percent of all children in Detroit are living in poverty.
#15 Since 2007, the number of children living in poverty in the state of California has increased by 30 percent.
#16 Family homelessness in the Washington D.C. region (one of the wealthiest regions in the entire country) has risen 23 percent since the last recession began.
#17 There are 314 counties in the United States where at least 30 percent of the children are facing food insecurity.
#18 More than 20 million U.S. children rely on school meal programs to keep from going hungry.
#19 Right now, more than 100 million Americans are enrolled in at least one welfare program run by the federal government. And that does not even count Social Security or Medicare.
#20 According to the Natural Resources Defense Council, approximately 40 percent of all food in America “is routinely thrown away by consumers at home, discarded or unserved at restaurants or left unharvested on farms.”
Source: The Economic Collapse
The tragedy of our day is the climate of fear in which we live, and fear breeds repression. Too often sinister threats to the bill of rights, to freedom of the mind, are concealed under the patriotic cloak
Posted November 28, 2012on:
Sheriff defends free speech rights against airport official during opt out campaign
Paul Joseph Watson
November 27, 2012
A shocking video has emerged of a police officer who abides by the oath he swore to uphold the constitution by defending the free speech rights of activists who were targeted by airport officials during the opt out and film campaign.
The clip shows activists Ashley Jessica and Jason Bermas handing out flyers warning travelers about the dangers of x-ray body scanners at Albany International Airport in New York.
Almost as soon as the activists begin to hand out the flyers, they are confronted by an aggressive airport official later named as Douglas I. Myers, the airport’s Director of Public Affairs.
Myers orders the activists to leave the top floor and later takes the unprecedented step of closing off the entire level and preventing families from meeting their loved ones. He subsequently claims the activists need a permit and a $1 million dollar insurance liability merely to film inside the airport, despite the fact that the TSA’s own website clearly states that TSA checkpoints can be filmed at any airport.
Myers’ attempts to get the activists in trouble with police are derailed when Sheriff Stan Lenic steps in to handle the situation, pointing out to Myers that they have a right to film under the First Amendment.
“Obviously this is your constitutional right, as far as we’re concerned you’re not breaking any laws,” Lenic tells Bermas.
When Myers asks the Sheriff to detain the activists, Lenic responds, “I can’t do that.”
Myers then asks for Bermas’ identification, to which Sheriff Lenic responds, “He doesn’t have to show you his identification.”
“I need to get it from you,” Myers tells the Sheriff as he winks at him, to which Sheriff Lenic responds “I can’t give you that.”
“Just so you know, he’s not doing anything wrong,” Deputy Lenic forcefully tells Myers, before quoting the New York penal law code.
“If I was to ask for his identification he does not have to give it to me because he’s not doing anything wrong,” adds Lenic.
Myers’ claim that Jessica is blocking the escalator is also dismissed by Lenic. Myers then claims the filming is illegal because it is “commercial” and could appear on the Drudge Report – which is a news aggregator and not a commercial website.
Lenic should obviously be commended for his fine job in upholding constitutional rights. If there’s an award for cop of the year, he should win it hands down. He is a shining example to other police officers who have completely failed to apply the law in similar situations.
Consider the actions of police at both Reagan Airport and John F. Kennedy Airport, where activists Derrick Broze and Infowars reporter David Ortiz were both threatened with arrest and forced to leave the airport merely for filming and handing out the exact same flyers.
If taxation without consent is not robbery, then any band of robbers have only to declare themselves a government, and all their robberies are legalized.
A tax break that has long been untouchable could soon be in for some serious scrutiny.
Many home buyers deduct their mortgage interest when assessing their tax bill, a perk that has helped bolster the income of millions of families — and the broader housing market.
But as President Obama and Congress try to hash out a deal to reduce the budget deficit, the mortgage interest deduction will likely be part of the discussion.
Limits on a broad array of deductions could emerge in any budget deal. It is likely that any caps would be structured to aim at high-income households, and would diminish or end the mortgage tax break for many of those taxpayers.
Continue reading at: NYT