Daily Archives: April 5, 2010

It’s official – he’s lost his mind… or something

From Drudge and The NYTimes

This is the most insane policy I can imagine and what’s more insane is announcing it to the world. Do you wonder what is going through George Bush’s mind right now? Do you think Dick Cheney will be on the sidelines about this?

As the guests on Hannity said tonight, this will seal the fate of the democrats demise this fall.

If ever there was a  time to pray, Patriots, it’s now.

Next on the agenda – stealing the right of free speech

Censorship, like charity, should begin at home, but unlike charity, it should end there. Clare Booth Luce

If you watched Glenn Beck today, you are informed on what the Obama regime (I’m going to be Limbaugh’s standard barer from now on) is planning for the internet and then talk radio. I think we have reason to be worried. This regime is coming at us from all sides with well managed assaults. He has the correct people in many places and they are coming after us from all directions.

I can’t imagine a more lethal attack on Americans than to restrict and censor speech. And I cannot imagine that Americans will allow this to happen. Nothing is more fundamentally American than “it’s a free country and I can say whatever I want.”  My God, we were saying that as kids. And now we have a regime that is about ready to remove that unalienable, God given right.

How will Americans react to this?

Please sign this petition and send along to your friends and family.

We will never get a straight answer from this government

William McGurn/WallStreetJournal

Is there an IRS agent in your future?

Shortly before Barack Obama signed the health-care bill, Republicans on the House Ways and Means Committee created a stir with a report suggesting our new law will lead the Internal Revenue Service to hire as many as 16,500 new agents. The Republicans came up with the figure by extrapolating from the IRS budget, the amount spent on employees, and the $10 billion in new funding that the Congressional Budget Office says the IRS will need to meet its new responsibilities under this legislation.

It’s made for some heated debate. In an entertaining segment on the Fox News Channel last week, host Bill O’Reilly tried to get Rep. Anthony Weiner (D., N.Y.) to admit that the IRS would have to enforce the penalty tax for people who refused both to get the mandated coverage and to pay the penalty. Mr. Weiner accused Mr. O’Reilly of “making stuff up.” The next day, IRS Commissioner Douglas Shulman seemed to settle the question in Mr. Weiner’s favor when he testified to Congress that IRS agents are not going to be auditing taxpayers to verify that they’ve obtained acceptable health insurance.

Or did he?

The individual mandate remains one of the murkiest bits of this legislation. During the 2008 primaries, Mr. Obama criticized rival Hillary Clinton for favoring such a mandate. He later changed his mind, for one big reason: There’s no way to afford expensive provisions such as forcing insurance companies to cover people with, say, pre-existing conditions unless millions of healthy people who won’t need insurance are forced to pay into the system. With the mandate, the government gets more healthy people into the risk pool—and with the penalty it gets their money whether they buy coverage or not.

In testimony before a House Ways and Means subcommittee last Thursday, the IRS commissioner deflected questions about the agency’s precise role vis-à-vis health care. Mr. Shulman reassured citizens that this bill does not “fundamentally alter” their relationship with the IRS, and said the IRS would not be snooping into their health records. About the penalties associated with the mandate, he was less clear.

Partly that’s because the law is unclear. The original House bill opened the door for criminal sanctions against Americans who didn’t buy health insurance and pay the penalty. The Senate bill did the same until Sen. John Ensign (R., Nev.) successfully pushed to amend the bill. Even so, the final language begs the question that Mr. Shulman and Mr. Weiner avoided: Who’s going to enforce the mandate, and how?

It’s more than a theoretical proposition. Approximately one in six drivers goes without auto insurance, according to the Insurance Research Council, even though most states require it. As for health coverage, the U.S. Census says that Massachusetts’ has the nation’s lowest rate of uninsured at 5.4%, thanks in part to its own individual mandate. Even so, costs have exploded and fines for not carrying coverage are increasing.

Almost by definition, those hit by the mandate will be either young people starting out, or those working for smaller businesses that do not provide employees with health coverage. Back in November, a report by the Congressional Budget Office and Joint Committee on Taxation estimated that nearly half (46%) of the mandate penalties will be paid by Americans under 300% of the poverty line.

In today’s dollars, that works out to $32,500 for an individual. For a family of four, it’s $66,150. Generally speaking, these are not the folks who have to worry about paying taxes on, say, a villa in the Dominican Republic or income from the International Monetary Fund.

So we are left with one of two possibilities. The first is that the penalty for not having “minimal essential coverage” is fully enforced, in which case Americans of relatively modest means will get a lesson in how the government deals with people who don’t pay up.

Or the penalty for violating the individual mandate will become like the fines for not filling out your Census form. In other words, unenforced. In that case, the costs of this legislation will be even higher and more hidden than we have been led to believe.

In his appearance before Congress, Mr. Shulman stated he was still working on “the proper resources” the IRS would need to handle the tax provisions of the health-care act. Maybe that won’t mean 16,500 new agents. If the Republicans do manage to take back Congress come November, however, it should mean hearings in which Mr. Shulman provides the American people with specific answers about how much bigger the IRS is going to get because of this bill—and how exactly the IRS will deal with Americans who don’t pay the penalty tax.

Then again, that’s something Congress might have done before passing the bill.

Dem. Rep compares Tea Party to KKK, mocks McCain’s torture [video] | The Daily Caller – Breaking News, Opinion, Research, and Entertainment

Rep. Steve Cohen of Tennessee wasn’t just content to compare Tea Party protesters to the Ku Klux Klan during an interview on The Young Yurks. The two-term congressman, who took office in 2007, also mocked Sen. John McCain’s experience as a prisoner of war during Vietnam: When I saw John McCain stand behind Sarah Palin, he looked more like a captured soldier in North Vietnam than he did a United States senator. It was very sad, Cohen said.

Vodpod videos no longer available.

Gerald Celente, trends forcaster

This from Dec. ’09:

This from Jan. ’10:

This is a must listen from last week on Brian and the Judge.

Celente’s website Trends Research Institute.

He’s predicted, accurately financial episodes for the last 20 years. I think he’s worth listening to. What he had to say last week on Brian and the Judge really kept me awake on the drive home from work. One thing he said and I’ve been hearing consistently from many in the financial and political sides is “I’m invested in gold.”

I”m investing in gold and silver – starting this month. Any little bit I have extra, I’m buying precious metals. I’m encouraging my kids to do the same thing. I do not believe that things are going to get better any time soon. And I’m worried about how much worse they will get.

If you go go YouTube and enter his name, there are numerous videos featuring Celente. Listen to him and research this. See what you think.