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Today's Nuze

"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."

Ayn Rand

Nobody's listening.

July 20, 2009 Archives

40 YEARS AGO TODAY

By
Neal Boortz
@ July 20, 2009 9:33 AM
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In honor of the 40th anniversary of the Apollo 11 moon landing, here's Buzz Aldrin punching a moon landing denier from a while ago. If that doesn't float your boat, head over to nasa.gov for all kinds of interesting features.


AND THE GOOD NEWS TODAY ....

By
Neal Boortz
@ July 20, 2009 8:32 AM
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Well, let's call it slightly promising. It seems that with every day that passes more and more people start to express doubts over the Democrat's plan for a nationalization of our health care system. Now some of the nation's governors are weighing in with their concerns over the possibility of increased Medicaid costs.

Is it possible that the people of this country are going to catch on? A huge portion of American citizens - perhaps a majority - care about only one thing; shedding yet another personal responsibility. They don't care who runs our health care system as long as they don't have to take personal responsibility for their own health needs. Just look around you at the ever-increasing proportion of lardasses in our society. These people don't care enough about their own health to push back from the table or to drive by a fast food joint without turning in. Do you think they have one desire in the world to take responsibility for their own health needs? If someone else wants to do it, that's just fine with them ... especially if the evil rich can be forced to foot the bill. That just leaves these gargantuan hulks more money for Whoppers and Quarter Pounders.

Perhaps, though, the people who will end up paying the bills - the achievers - are starting to take note of the terrible costs to be paid for what will surely be a sub-standard health care system. Who knows? Maybe the slovenly caucus will actually start wondering just how they're going to like it when the government tells them they can't have a particular medical procedure because they're too old ... or too fat.

No Private Sector Options on the table

There has never, in the history of civilization, been an economic system devised by man that did a better and more efficient job of delivering need and desired goods to the population than our system of free enterprise. How many of you think that you would have those iPhones in your pockets if the government was still closely regulating the phone companies? Yet the Democrats' plans for health care completely ignore the private sector. It's all government. There are some very easy private sector options that could be tried before the government takes the whole ball of wax over ... and if you want just a few easy examples, here you go:

Allow insurance companies to tailor health care policies to the specific needs of the customers. I, for instance, do not need maternity protection or coverage for alcohol rehab.

  • Allow consumers to purchase health insurance companies across state lines.
  • Widen the availability of medical savings accounts.
  • Allow consumers to deduct the cost of insurance from their taxable income.
  • Allow doctors, nurses and medical suppliers to take a credit against any income taxes due for the market value of services provided free to those living at or below the poverty level.

There .. that took about 30 seconds. All viable private-sector options, yet none are on the table for the Democrats in Washington.

This isn't about improving our health care. This is all about taking OVER your health care and making you that much more dependent on government.

Come on, folks. You NEED to wake up here.


Las Vegas can be a bit exhausting, so all I wanted to do on the AirTran flight home yesterday was saw some logs. I cranked up the Kindle, though, and started reading the Atlanta Journal-Constitution. An AJC editorial presented some ways the Atlanta area might crawl out of the economic doldrums. Here was one suggestion:

"We believe, though, that Atlantans in the right tax brackets should shake off a bit of their investing conservatism and put more dollars behind our hometown startups and young companies.

"If the prospect of triple-digit investment returns aren't enough, consider the civic good of helping the region grow high-paying jobs.

"Surely Atlanta investors can step up more, even during hard times, and seize potentially lucrative, if risky, opportunities.

Say what?

This jewel of an editorial was written by one Andre Jackson representing the AJC editorial board.

Well, Andre ... have a seat. I have a few things to say to you. First ... I haven't seen your name before, so I have no idea how long you've been hanging around the AJC. You should know, though, that your paper has excelled in promoting wealth envy since I stepped off that Greyhound here 42 years ago. Your editorial board has never missed a chance to throw the word "greed" at high-achievers. In reading years worth of AJC editorials you would scarcely know that Atlantans with money to invest actually worked for their wealth. They earned it. To the editors of the AJC they were either "lucky" or they exploited some poor, downtrodden, pitiful poor people. AJC editorial word processors have a two-key macro for inserting the phrase "pay their fair share" into commentaries. I dare say that there is not one person on the editorial board that could come close to telling you (a) what percentage of total income is earned by the top 1% of income earners; and, (b) what percentage of total income taxes the disgusting top 1% pay.

So .. here you come suggesting that the very people your paper has made a cause out of vilifying for decades step forward and, if necessary, sacrifice a goodly portion of their wealth in Atlanta startups.

As it turns out, I have a bit of money I could invest, but I'm holding those funds very close. Let me tell you why, sport. I would bet five dollars to a donut hole that you voted for Obama. Good for you. Hope you're enjoying all of this wonderful change while you're telling me how you want me to invest my money. While you're getting your jollies from the hopey-changy thing I am working overtime trying to figure out how to save as much of my future income and retirement nest egg from this guy as I possibly can; and I suspect I'm not alone.

Have you taken stock of how your man wants to raise our taxes? Or, I should say, have you seen his plan of attack on the very people whom you think ought to be pouring money into Atlanta startups? Let's start with a guaranteed 4.6% tax increase in about 17 months. Then we have surtaxes ranging from 1% to 3% to cover his health care dreams, plus taxes on our health care plans. Charlie Rangel has an even higher surtax - this one over 5% -- waiting for the super achievers, the ones with real money to invest. Then let's add to all of this a reduction in allowable tax deductions (really another tax increase) and the removal of the Social Security earnings cap. You total these goodies up and the tax rate will be around 50% for the people you think have all this money to invest. And Andre ... we're just talking federal taxes. You might want to remember that our esteemed city council just raised property taxes by 45%, and then there's the Georgia income tax on top of it all. To make things even worse, Obama thinks that Christine Kirchner, the President of Argentina, is one of the hottest things going in this hemisphere. She nationalized all pension plans in Argentina. Retired Argentineans will now get their checks from the government. Do you, Andre, want to convince me that your president isn't thinking the same thoughts here?

Tell you what, Andre. When we get a president and a controlling party in Washington that exhibits even a faint affection for capitalism and economic liberty, you can drop us another note. When we have a governing --- or "ruling," as Obama likes to day --- party that doesn't see tax increases as the answer to every problem plaguing mankind; when the leaders of this nation respect private property ... then you can talk to me about investing in your pet startup projects. While this menace is in the White House, and while the corrupt Charlie Rangel is writing our tax laws, I'm sitting tight.


TAX INCREASES ON BUSINESSES

By
Neal Boortz
@ July 20, 2009 8:14 AM
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There is no way that Democrats could be ignorant enough not to understand that their proposed tax increases are going to hit businesses. Last week, the House Ways and Means Committee approved a 5.4% surtax on income over $1 million along with other smaller surtaxes on the evil, filthy, disgusting rich people earning more than $250,000.

The Tax Foundation has done an excellent job of figuring out exactly how this is going to affect the achievers - the business owners who write paychecks and provide a source of income for millions of Americans. The charts are worth a peak, but here are some of their findings ....

- 70.1% of returns facing a tax increase have some form of business income.

- 26.0% of all income earned by those returns facing a tax increase is business income.

- The total tax increase on business income would be $51.3 billion, a 24.5% increase, assuming business income is the last dollar of income earned.

- 36.7% of the total tax increase is attributable to tax increases on business income, assuming business income is the last dollar of income earned.

- The average return with business income would face a total tax increase of $3,246.

- The average return facing a tax increase would face a total tax increase of $54,716.

- The average return with business income that is facing a tax increase would pay an extra $66,979.

There's a lot more .. and it will be easier to understand if you read the chart.

And speaking of businesses .. the House Democrat plan also plans to impose a penalty of 8% of payroll if employers do not offer health insurance. This will be the case for all but the smallest of businesses. According to this editorial in the Miami Herald, a survey by the National Federation of Independent Business (NFIB) found that 20 percent of its respondents would simply shut down if they were faced with this choice. They couldn't afford it. One out of four said they would replace full-time workers with part-time workers in order to avoid having to pay anything.

Now this is change you can believe in! Remember, folks. Elections have consequences.


WHEN ALL IS SAID AND DONE ...

By
Neal Boortz
@ July 20, 2009 8:12 AM
Permalink | Comments (17) | TrackBacks (0)

... these tax increases still aren't going to be enough. Late Friday night, the Congressional Budget Office released an estimate: the House Democrats' healthcare bill would increase the federal deficit by $239 billion over the next 10 years.

So now what? The Democrats are going to cut existing programs even more in order to meet their goal of paying for the bill? Yeah .. sure they are. Those programs represent votes. Each program has a voting constituency. No cuts. No, they are going to increase taxes even more on the filthy, disgusting, evil rich. Based on what you have already read above, you know how well that is going to turn out.


Let me know if the lamestream media covered any these little goodies we are starting to find in the 1,000+ page healthcare bill. For example, here's an exchange between Congressman Paul Ryan and House Ways and Means Health Subcommittee Staff Director Cybele Bjorklund. Just watch it folks ... and then tell me that the Democrats aren't trying to pull a fast one on you.


How hard is this to understand? Barack Obama and the Democrats don't care about your health. They don't care about your access to health insurance. All they care about is expanding the size of government making sure that you are dependent on it.

Take this short, seemingly innocuous article from the Associate Press.

The White House is asking Congress to give the executive branch more power to limit Medicare's rising costs.

A White House letter to top lawmakers on Friday said the move would be "a critical step forward" in controlling health care costs and providing better care.

This type of language should scare you, folks ... "give the executive branch more power" or the government "controlling healthcare costs." I want to know where in the Constitution these powers and duties are written.


OH YEAH .. NOW I'M CONVINCED

By
Neal Boortz
@ July 20, 2009 8:05 AM
Permalink | Comments (27) | TrackBacks (0)

White House economic advisor Larry Summers has made a very convincing argument that the economic crisis is over. Are you ready for this? He says that the number of people searching the term "economic depression" on Google is back to normal levels.

Yep. That's one of the White House's indicating factors that their stimulus plans have turned the tide for Americans ... they aren't googling "economic depression" as much. Are you buying this, folks?


READING ASSIGNMENTS

By
Neal Boortz
@ July 20, 2009 8:03 AM
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The future of healthcare in America thanks to Barack Obama and the Democrats.  You've gotta see this video.

Another must-read from Victor David Hanson ... Obama's record budget deficits could sink his presidency.

Now we're apologizing for global warming. We saved the world from Nazi Germany and the Japanese Empire; we defeated the Soviet Union in the cold war and turned back (until now) the communist threat ... and Hillary Clinton decides to apologize to the world for global warming.

You are going to enjoy this .. from Robert Reich: Tax the wealthy to keep everyone healthy. No, he is not being sarcastic.

Obama's plan to turn our economy around: let's tax small businesses at a 58% tax rate.

As if this was possible .. Barack Obama is well on his way to making the United States an even more undesirable place to do business. How surprising ... a socialist making the country undesirable for business.

Now Obama says that healthcare reform is not just about providing healthcare, it is about restoring economic stability. There's that word again .. stability.

The Democrats have been pressed to pass their healthcare bill by the August recess, but it looks like Obama is backing off on that deadline.

The Obama administration is considering creating a special unit of professional interrogators to handle terrorist suspects. That's fine, so long as Jack Bauer is in charge.

Chuck Schumer says that the CBO estimate on the Democrat's healthcare bill is "wacky." That's an easy way to dismiss reality.

What do these "wacky" CBO estimates say? That the health care overhauls released to date would increase, not reduce, the burgeoning long-term health costs facing the government.

Remember that according to Barack Obama, these terrorist bombings in Jakarta are just "man-caused disasters."

What does the government define as a "clunker" for their "cash-for-clunkers" federal program?

The Obama administration may be considering rent-to-own plans in help aid the housing crisis.

The UK's Times Online says that "America's white men are back and raging." Who are these "white men"? Why that would be "America's most ferocious right-wing broadcasters."

Authorities in Honduras seized computers of former president Zelaya which contained "official" election results for his constitutional referendum that was never held. In other words, he was going to change the law no matter what. THAT'S the democracy Barack Obama believes in.

Fox News analyzed the distribution of federal stimulus money and found that the states hardest hit by the recession received the least money.

Are the American people waking up and starting to realize that Barack Obama's plans for our economic recovery are not working?


On that same note, even some Democrats in Congress are starting to grow leery of Barack Obama and his agenda.

Former Treasury Secretary Hank Paulson threatened to remove management and the board of Bank of America if CEO Ken Lewis pulled the plug on the Merrill Lynch merger last fall.

Have we become a country of politicized capitalism?

The Pennsylvania Department of Transportation is spending $60,000 of its stimulus money to post road signs stating that these projects were funded by the federal stimulus money.


Jamie Dupree's Blog

If you enjoy Neal's daily chat with Jamie Dupree, you'll love Jamie's Blog! Check it out for analysis of the campaigns and goings on in Washington D.C.

Cristina Gonzalez and Laura Nunemaker assist in the daily preparation of Nealz Nuze!


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