Election 2012... Shelby Steele: The Exploitation of Trayvon Martin... Protecting You From The UN-Frendly Skies... Prohibited Items Found 3/2 to 3/8... Congressional earmarks sometimes used to fund projects near lawmakers' properties... Public Law List (112st Congress - 2012)... Congress's Phony Insider-Trading Reform... Obama denounces Senate vote to block Cordray at consumer watchdog agency... Walker signs 'castle doctrine' bill, other measures... Holder faces House Republicans over health-care law, ‘Fast and Furious’... Postal workers behaving badly!...
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When the people fear the government, there is tyranny; When the government fears the people, there is liberty.  ~ Thomas Jefferson

 

Entries Tagged as 'Greed'

Harry Reid’s Holiday Jam: What the Senate wants to pass while you’re not paying attention.

December 15th, 2010 · Deception, Democrats, Ethics, Federal Spending, Greed, Non-Transparency, Selling Out the US, Senate, Tax Dollars, Taxes, Terrorism from Within, Treason

Reid's Holiday Message to the American People.

In the famous formulation often attributed to George Washington, the U.S. Senate is the saucer designed to cool the drink before it becomes law. In Majority Leader Harry Reid’s rush to beat the looming expiration of the 111th Congress, the Senate has become the express lane to jam through changes in military rules, a giant spending bill and even an arms treaty—and all with virtually no deliberation. Why are Republicans putting up with it?

The lame duck Congress was supposed to limp out of town this Friday, but yesterday Mr. Reid announced that in the dwindling days before Christmas he plans to pass the bipartisan tax deal, the New Start arms treaty with Russia, the immigration Dream Act, a “lands bill,” and a bill to let gays serve openly in the military. Oh, and yesterday he also dropped on his colleagues a 1,924-page, $1.1 trillion omnibus spending bill for fiscal 2011 that no one but a few Appropriators have read, if even they have.

Any one of these issues could warrant at least a week of debate if the Senate were playing its designated constitutional role. But the New Start pact and spending bill in particular deserve at least eight or nine legislative days of debate, with opportunities for Senators to educate the public and offer amendments. As it is, most Americans are preoccupied with their busy holiday lives and have no idea that the world’s greatest deliberative body isn’t deliberating at all.

The rush for New Start is a special affront to Senate prerogatives under the Constitution, which requires a two-thirds vote for ratification precisely to guarantee a considered debate. The Administration claims that failure to ratify the treaty in two weeks will offend the Russians, though the Russians have said they feel no such urgency. GOP leaders have given Mr. Reid dates in either January or February to bring the treaty to the floor, and upwards of a dozen Republicans seem to be leaning in favor of the pact.

At a minimum the GOP ought to insist on a debate that is long enough to clarify the U.S. understanding of the treaty. That’s especially important on missile defenses because the pact’s preamble includes the major blunder of re-linking offensive and defensive weapons. At the time the pact was negotiated, the Russians claimed this language meant they could leave the treaty if the U.S. developed new missile defenses. In remarks at the time, U.S. officials did not forcefully counter that claim.

The Obama Administration has since said the Russians are wrong, but the Senate must make this absolutely clear during the ratification debate. GOP Senators John McCain and Jon Kyl are preparing a formal “understanding” to accompany the treaty that would stipulate that specific future U.S. missile defense plans aren’t part of the deal.

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Even after their defeat, Democrats keep insisting on a tax increase.

December 2nd, 2010 · Democrats, Government Control, Greed, Non-Transparency, Selling Out the US, Taxes, Terrorism from Within

‘It is not a sensible way to run a country to have this magnitude of tax issues left to annual uncertainty,” said Treasury Secretary Tim Geithner earlier this month, and he’s certainly right about that. But at the current moment the single biggest obstacle to more certainty is his boss, President Obama, who still refuses to compromise on the tax increase set to whack the economy in a mere 30 days.

After meeting with Congressional leaders yesterday, Mr. Obama dispatched Mr. Geithner and budget director Jacob Lew to negotiate a deal. Yet the President is still holding out against even a temporary extension of the 2001 and 2003 tax rates. Republicans won 63 House seats running against those tax increases, but Mr. Obama still seems under the spell of the dead enders led by soon-to-be-former House Speaker Nancy Pelosi.

The magnitude of the looming tax increase ought to snap him out of this hypnosis. If the Democrats who still run Capitol Hill for another month fail to act, tens of millions of American households will see their paychecks shrink immediately in the New Year.

OpinionJournal.com Columnist John Fund on the tax debate within the Democratic caucus, and on the fight for key committee chairmanships in the House.

Capital gains and dividend tax rates will climb to 20% and 39.6%, respectively, from 15%, and the top two income tax rates will climb to 38% and 41% (including deduction phaseouts), from 33% and 35%. The typical family with an income between $40,000 and $75,000 a year will pay as much as $2,000 more in 2011, as the 10% tax rate bracket and the $1,000 per child tax credit vanish.

This could have been resolved months ago, except that the White House and Congressional Democrats insist that some taxes must be raised. Mr. Obama wants the lower rates to expire on incomes of $200,000 for individuals and $250,000 for couples. Dozens of Democrats revolted against that in the campaign, so the latest gambit, courtesy of New York Senator Chuck Schumer, would raise that threshold to $1 million.

Republicans shouldn’t be suckered into raising taxes on anyone, especially not on small business job creators. The U.S. corporate tax rate of 39% (a combination of state average and federal rates) is already about 15 percentage points above the international average, and for the first time in a generation the personal rate of 41% would rise above the average of our overseas rivals. That’s all before the 3.8% surtax on investment income arrives in 2013, courtesy of ObamaCare.

Because most nations tax their companies at a business rate lower than the personal rate, the Tax Foundation says the Obama plan would mean that many Subchapter S corporations in the U.S. would pay “virtually the highest tax rates in the world on their business income.” In other words, the after-tax rate of return on investment in the U.S. would fall relative to investing in Europe or Asia. This is an invitation to outsource more jobs. The U.S. should be cutting tax rates to become more competitive, as President Obama’s deficit reduction commission and tax reform advisory panel have recommended.

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Democrat Senate shuns push for elimination of pet projects: Votes for Money Stealing.

November 30th, 2010 · Accountability, Deception, Democrats, Economy, Ethics, Federal Spending, Greed, Non-Transparency, Selling Out the US, Tax Dollars, Terrorism from Within

By ANDREW TAYLOR – The Associated Press
Tuesday, November 30, 2010; 11:41 AM

WASHINGTON — The Senate Tuesday rejected a GOP bid to ban the practice of larding spending bills with earmarks – those pet projects that lawmakers love to send home to their states.

Most Democrats and a handful of Republicans combined to defeat the effort, which would have effectively forbidden the Senate from considering legislation containing earmarks like road and bridge projects, community development funding, grants to local police departments and special-interest tax breaks.

The 39-56 tally, however, was a better showing for earmark opponents, who lost a 29-68 vote earlier this year. Any votes next year should be closer because a band of anti-earmark Republicans is joining the Senate.

Earlier this month, Republicans bowed to tea party activists and passed a party resolution declaring GOP senators would give up earmarks. House Republicans have also given up the practice, but most Democrats say earmarks are a legitimate way to direct taxpayer money to their constituents.

Sen. Dick Durbin, D-Ill., said Tuesday that Democrats had made the earmarking process far more transparent than it previously had been under GOP control of Congress. The reforms include requiring lawmakers to document every projects they seek and receive.

Seven Democrats voted with all but eight Republicans to ban the practice.

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Obama’s deficit commission proposing to reduce the annual cost-of-living increases in Social Security.

November 10th, 2010 · Deception, Greed, Non-Transparency, Obama Nominees, Obama's Scheme, Selling Out the US, Social Security

By ANDREW TAYLOR – The Associated Press
Wednesday, November 10, 2010; 1:24 PM

WASHINGTON — Leaders of President Barack Obama‘s bipartisan deficit commission on Wednesday proposed reducing the annual cost-of-living increases in Social Security, part of a bold plan to control $1 trillion-plus budget deficits.

The proposal also would set a tough target for curbing the growth of Medicare and recommends looking at eliminating popular tax breaks, such as mortgage interest deduction.

As proposed, the plan by Chairman Erskine Bowles and former Sen. Alan Simpson, R-Wyo., doesn’t look like it can win support from 14 of the commission’s 18 members to force a debate in Congress. Bowles is a Democrat and was former President Bill Clinton‘s White House chief of staff.

Cuts to Social Security and Medicare are making some liberals on the panel recoil. And conservative Republicans are having difficulty with options on how to raise tax revenue. The plan also calls for cuts in farm subsidies, foreign aid and the Pentagon’s budget.

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Republicans criticize government’s management of real estate holdings

November 1st, 2010 · Accountability, Economy, Federal Spending, Government, Greed, Non-Transparency, Real Estate, Terrorism from Within

By Jonathan O’Connell – Capital Business Staff Writer
Sunday, October 31, 2010; 10:13 PM

Seven House Republicans have coined a phrase to describe how they think the federal government is managing its property, including its local real estate portfolio: “Sitting on Our Assets.”

Led by ranking minority-party member John L. Mica (Fla.), Republicans on the House Transportation and Infrastructure Committee recently issued a report by that name, criticizing the management of real estate and other assets by agencies including the General Services Administration, Coast Guard, Army Corps of Engineers and Federal Emergency Management Agency.

The federal government is the country’s largest real estate owner, with a portfolio of about 1.2 million facilities nationwide. An audit conducted during the George W. Bush administration found that the government owns 14,000 vacant buildings and underuses 55,000 other locations.

Although President Obama issued a memo in June requiring federal agencies to reduce real estate costs by $8 billion by the end of fiscal 2012, the Republicans’ analysis says the government continues to overly rely on leased space and retain underused and vacant property. The GSA, the report says, “struggles to dispose of its surplus property in a timely fashion and for reasonable rates of return despite its enhanced property disposal authorities.”

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Price tag of midterm campaign likely to hit $4 billion: Helping America HOW??

October 29th, 2010 · Corruption, Deception, Economy, Ethics, Government, Politics

By Dan Eggen Washington Post Staff Writer
Wednesday, October 27, 2010; 10:17 PM

The midterm numbers just keep piling up.

In the latest sign of this year’s record-breaking election season, an independent research group estimated Wednesday that candidates, parties and outside interest groups together could spend up to $4 billion on the campaign.

Data from the Center for Responsive Politics provide evidence for a spending surge, even without a White House race. Expenditures have eclipsed what they were when George W. Bush won the presidency in 2000. The current election makes that contest “look like a bargain,” said Sheila Krumholz, CRP’s executive director.

There are three general tides of money swamping this year’s elections, according to CRP’s data: House and Senate candidates, who have reported raising $1.7 billion; the political parties, with about $1.1 billion; and outside interest groups, which have raised at least $400 million.

That adds up to $3.2 billion, but the numbers are incomplete amid the frenzy of ad buys and other activity in the week before the election. Candidate campaigns alone are on pace to eclipse $2 billion, which is a remarkable number, given restrictions on contributions.

Other patterns are also becoming clearer as the data accumulate. Donations from Wall Street, medical and insurance firms, energy conglomerates and other corporations have shifted decisively toward Republicans over the past year because of policy disputes with Democrats and anticipation of a possible GOP takeover in Congress.

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While economy is down midterm campaign funds exceed $2 BILLION.

October 26th, 2010 · Congress, Deception, Economy, Government, Greed, Politics

House and Senate shatter fundraising records for midterm election and may exceed $2 billion

By Dan Eggen Washington Post Staff Writer
Tuesday, October 26, 2010; 12:04 AM

House and Senate candidates have already shattered fundraising records for a midterm election and are on their way to surpassing $2 billion in spending for the first time, according to new campaign finance data.

To put it another way: That’s the equivalent of about $4 million for every congressional seat up for grabs this year.

The frantic fundraising by candidates has largely been overshadowed in recent weeks by a tide of spending by outside interest groups, most of it targeting vulnerable Democrats. Such groups could spend $400 million or more by Nov. 2.

But the latest Federal Election Commission data, along with a new study from a campaign watchdog group, show that most of the money sloshing around the 2010 elections is being raised and spent by the candidates themselves.

As of last week, House and Senate campaigns reported taking in more than $1.5 billion, exceeding the total collected by congressional candidates in 2006 and in 2008, FEC data show. Most of that money already has been put toward advertising and other expenses.

The Public Campaign Action Fund, a watchdog group, will release a study Tuesday predicting that House candidates alone could spend nearly $1.5 billion by the time the dust settles on Election Day. The calculation is based on previous elections in which about half of a campaign’s money was spent in the final month of the contest.

Senate campaigns are also on track to exceed the $550 million mark from 2006, bringing the likely total to $2 billion or more by the time the ballots are counted.

The surge is driven in part by the unusually broad battlefield in the House, where an estimated 90 seats are in play, almost all of them held by Democrats. Many Democratic incumbents are emptying their coffers in an attempt to win the message wars against GOP-allied interest groups.

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Employers looking at health insurance options

October 25th, 2010 · Corruption, Deception, Democrats, Ethics, Federal Spending, Government Control, Healthcare, Immigration, Money Lost, National Security, Non-Transparency, Obama's Scheme, Selling Out the US, Small Business, Tax Dollars, Taxes, Terrorism from Within, Treason, Treasury, Unemployment

By RICARDO ALONSO-ZALDIVAR – The Associated Press
Monday, October 25, 2010; 4:12 AM

WASHINGTON — The new health care law wasn’t supposed to undercut employer plans that have provided most people in the U.S. with coverage for generations.

But last week a leading manufacturer told workers their costs will jump partly because of the law. Also, a Democratic governor laid out a scheme for employers to get out of health care by shifting workers into taxpayer-subsidized insurance markets that open in 2014.

While it’s too early to proclaim the demise of job-based coverage, corporate number crunchers are looking at options that could lead to major changes. Gov. Phil Bredesen, D-Tenn., said the economics of dropping coverage are “about to become very attractive to many employers, both public and private.”

That’s just not going to happen, White House officials say.

“The absolute certainty about the Affordable Care Act is that for many, many employers who cover millions of people, it increases the incentives for them to offer coverage,” said Jason Furman, an economic adviser to President Barack Obama.

Yet at least one major employer has shifted a greater share of plan costs to workers, and others are weighing the pros and cons of eventually forcing employees to strike out on their own.

“I don’t think you are going to hear anybody publicly say ‘We’ve made a decision to drop insurance,’ ” said Paul Keckley, executive director of the Deloitte Center for Health Solutions. “What we are hearing in our meetings is, ‘We don’t want to be the first one to drop benefits, but we would be the fast second.’ We are hearing that a lot.” Deloitte is a major accounting and consulting firm.

“My conclusion on all of this is that it is a huge roll of the dice,” said James Klein, president of the American Benefits Council, which represents big company benefits administrators. “It could work out well and build on the employer-based system, or it could begin to dismantle the employer-based system.”

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GAO: Contractors get federal business despite violations

October 14th, 2010 · Accountability, Corruption, Deception, Democrats, Ethics, Federal Spending, Greed, Non-Transparency, Obama's Scheme, Selling Out the US, Tax Dollars, Taxes, Terrorism from Within

By Joe Davidson Washington Post Staff Writer
Wednesday, October 13, 2010; 11:31 PM

When Uncle Sam dishes out billions of dollars in contracts to companies doing the government’s work, you’d think he’d want to deal with firms that don’t break his laws.

But a Government Accountability Office report says numerous contractors received government business even after they had been cited for violating laws designed to protect workers.

Consider this example:

The Labor Department’s Occupational Safety and Health Administration (OSHA) hit a large petroleum company with $55 million in fines for labor law violations between fiscal 2005 and 2009.

A big chunk of the fines followed health and safety inspections “after a massive refinery explosion where there were 15 deaths and almost 200 injuries,” GAO reported.

Yet in 2009, Sam awarded the firm’s parent company more than $2 billion worth of work.

Perhaps he wanted to make sure it had enough money to pay the fines.

Here’s another case:

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The 2010 Spending Record: In two years, a 21.4% increase.

October 12th, 2010 · Corruption, Deception, Democrats, Federal Spending, Greed, Selling Out the US, Terrorism from Within

Perhaps you missed it, but then so did the Washington press corps. Late last week the Congressional Budget Office released its preliminary budget tallies for fiscal year 2010, and the news is that the U.S. government had another fabulous year—in spending your money. We didn’t expect President Obama to hold a press conference, but why are Republicans so quiet?

Spending rolled in for the year that ended September 30 at $3.45 trillion, second only to 2009′s $3.52 trillion in the record books. But don’t think this means Washington was relatively less spendthrift. CBO reports that the modest overall spending decline results from three one-time events.

The costs of TARP declined by $262 billion from 2009 as banks repaid their bailout cash, payments to Fannie Mae and Freddie Mac were $51 billion lower (though still a $40 billion net loser for the taxpayer), and deposit insurance payments fell by $55 billion year over year. “Excluding those three programs, spending rose by about 9 percent in 2010, somewhat faster than in recent years,” CBO says.

Somewhat faster. You’ve got to laugh, or cry, when a 9% annual increase qualifies as only “somewhat faster” than normal.

What did Washington spend more money on? Well, despite two wars, defense spending rose by 4.7% to $667 billion, down from an annual average increase of 8% from 2005 to 2009.

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