Feeds:
Posts
Comments

Posts Tagged ‘Timothy Geithner’

How can anyone figure out The Heath care Reform Bill when people can’t even figure out the Tax Code?

Republican Rep. Jason Chaffetz, R-Utah, is irked that nearly 100,000 civilian federal employees owe the IRS $962 million in back taxes. He thinks they should pay up or be fired.   Chaffetz has introduced a bill that calls for the federal government to “ferret out” civilian employees who have “seriously delinquent tax debt” and prevent the hiring of other tax delinquents.  More than 3 percent of the 2.8 million federal civilian employees owed the Treasury unpaid federal income taxes in 2008, according to the IRS. If you include retirees and military service members, the numbers go from nearly 100,000 up to 276,000 current or former workers who owe $3 billion in taxes.  Writes,  http://thewere42.wordpress.com/2010/03/19/tax-scam-uncle-sam-you-oughta-be-fired-says-utah-rep-chaffetz/

How many pages of tax code are there?

Title 26 contains all the Federal IRS CODE.
Title 26 contains 20 Volumes.
All 20 volumes contain a total of 14,872 pages of tax code.
All 20 volumes weight in at 35 Pounds 
All 20 volumes cost $1,080.00

Obtained from the GPO- Government Printing Office, as of April 1st 2009, 14,872 pages of tax code.  It is over 24 times longer than the King James version of the Bible at 608 pages. Over 11 times longer than War and Peace by Leo Tolstoy-1296 pages.  It’s 20 volumes are about 5 feet thick! Laying the pages end to end it would be over 2.5 miles  The average reader would take 31 days of non stop reading to read all of the tax codes.

How many pages in the Health Care Reform Bill?

Read Full Post »

In a parody of the song, The Candy Man Can from Sammy Davis Jr., funny man Tim Hawkins has brilliantly assembled political lyrics in his latest video, The Government Can. http://www.timhawkins.net/

If YouTube gives awards like the Oscar’s or Grammys, this is sure to be nominated by members of  all political parties who are disgruntled with the current spending trends and debts. 

The National Debt Clock is ticking higher to an average of $3.89 billion per day since September 28, 2007. http://www.brillig.com/debt_clock/  and here it it broken down into categories http://www.usdebtclock.org/ including the per citizen debt of $38,000.

Congress will be forced to raise the legal limit on the nation’s debt later this year as the amount the government may borrow from the public, (that’d be us people who actually pay taxes unlike Timothy Geithner our Treasury Secretary) including foreign creditors, is limited by law to $12.1 trillion.  Today’s debt clock is $11 trillion give or take.

The Congressional Budget Office projects President Obama’s policies will require an additional $9 trillion in borrowing over the next decade.http://www.cbo.gov/ftpdocs/102xx/doc10296/06-16-AnalysisPresBudget_forWeb.pdf  has the President’s Budget Proposals for FY 2010. ” 

Under the President’s policies, the deficit in 2009 would total $1.8 trillion and equal 13.0 percent of gross domestic product (GDP), CBO estimates. The deficit in 2009 would be $157 billion higher than what is expected to occur under current law—primarily because of  additional spending for the government’s actions to stabilize financial markets and for ongoing military operations in Iraq and Afghanistan.

Oprah, a huge Obama supporter has a few ideas of her own to help reduce debt saying- “While the market plunges, free-floating anxiety is rising. If exercise and meditation aren’t your thing, here are a few other strategies you may not have considered.” http://www.oprah.com/subtopic/money/debt  Maybe someone from government should simply take a look at suggestion number 4- Stop Spending.

Read Full Post »

newworld

Here comes more coordination of New World Order.  This time the discussion of globalization is being held on U.S. Soil in Washington, D.C. today- April 25.  Hosted by our tax evading Treasury Secretary Timothy Geithner, the Group of Seven (G7) finance ministers will meet and following that, a gathering up with the Group of 20 (G-20). 

Reuters, “The G7 comprises the United States, Britain, Canada, France, Germany, Italy and Japan has been the long-standing forum within which the larger economies discuss their economic concerns and try to coordinate policy.”  Seems China and its burgeoning economy might want a seat at the big kids table, no?

The last time the G20 met they agreed on a $1.1 trillion deal.  How much of that is forecast to come from the U.S. taxpayer?  Can you hear those printing presses running now?

At The G20 in the UK, Obama said, ” The only way out of a recession that is global in scope is with a response that is global in coordination,” he said pointing toward “our pursuit of a global economic recovery.”  Global Coordination? Global Economic Recovery?

Putting aside the bad manners of touching queens and bowing to Kings, I find it more than rude to ask America yet again to stand up for Global Coordination when Geithner tap dances around the idea of a new currency for the IMF.  With little intestinal fortitude, Geithner first thought it would be a great idea to change world’s reliance on the dollar and then rescinded his comments after the world markets tanked. 

Throw in the idea of negative interest rates and even a flea on a camel’s ass knows it ain’t going to get paid for sucking off of a hind tit. 

The US in is a recession/depression, the banking system in dire need of attention, and consumers aren’t spending.   “In economic data, core durable goods orders for March are expected to return to negative territory and fall 1.3%, against a 3.7% increase the month before. Prior to February, orders had posted negative results for six months straight.”  http://www.economicnews.ca/cepnews/wire/article/293000 

Just when consumers may be relying on credit cards to purchase basic essentials like food, Obama is saying we need more government, you know, “We need more accountability in the system. That means more effective oversight and more effective enforcement so that people who are issuing credit cards and are violating the law will feel the full weight of the law,” he said.  http://www.reuters.com/article/newsOne/idUSTRE53M10720090423

Now that the American people own the banks, resulting in government nationalization, it wants more rules?  Ain’t that a convenient kick in the pants?  There are rules but no one played by the rules. Whether or not you believe in the abolishment of the Fed, our elected leaders have failed to enforce both US and international regulations for years.  Where are the rules of the Basel Accord or Basel II?

“All the experience we have of past banking crises — and we have a lot of experience with those banking crises in this institution — is that you never recover before you complete the cleaning up of the balance sheet of the financial sector,”  said IMF Managing Director Dominique Strauss-Kahn and that the credit “problem must be solved before global growth can resume.”  http://www.reuters.com/article/newsOne/idUSTRE53M52K20090424 Well I am just ecstatic to know the IMF has such a high degree of experience with bank failures, too bad the experience wasn’t in preventing bank failures in the first place.

Geithner is expected to reveal the methodology for the stress tests of 19 banks in the U.S., while Credit Suisse Group, the biggest Swiss bank, posted a US$1.7 billion first-quarter profit. http://www.scoop.co.nz/stories/BU0904/S00459.htm Most likely due to it’s strict privacy laws and tax evasion potential. 

The 300 or so members of Trilateral Commission, the Rockefeller’s, Council on Foreign Relations, Skull and Bones, The Bilderberg Club, The Illuminati, Rand Corp., Ford Foundation,The Bank for International Settlements, BIS, etc.,  must all be overwhelmingly enthusiastic at the oligarchical partnerships that are molding a world government and instilling a controlled chaos.  Check out where some of the pieces of the puzzle come together.  http://www.globalresearch.ca/index.php?context=va&aid=13311

Eenie Meanie miney moe catch a tiger by the toe, If it hollers let it go-

Eenie meanie miney mo, if I were a bad guy where would my money go?  Into T-bills no, but to the Swiss of course! 

If he hollers- too bad, count on the radical change and the New World Order as promised by Obama. 

You might enjoy this related post at https://ahrcanum.wordpress.com/2009/03/27/obamas-illuminati-ponzi-of-the-dollar/

photo props to http://www.reason.com/blog/show/132163.html

Read Full Post »

Obama looks to propose a minimum of a one trillion dollar deficit every single year for the next ten years.  That’s TEN with 13 zero’s behind it.  “United States President Barack Obama’s budget would produce US$9.3 trillion (S$14trillion) in deficits over the next decade, an eye-popping figure that threatens his ambitious goals to overhaul health care and explore new energy sources, say congressional auditors.” Reported Bloomberg News and posted at http://blog.hotvictory.com/2009/03/22/obamas-budget-will-create-14-trillion-deficit-washington/

There is no way America will be able to sustain that amount of debt and still have any attempt at staying a capitalist society.  The trillions of debt amount to the purchase of pure socialism.  Obama is all swerving all over the road and while I hope he doesn’t get run over, his posturing in the middle of the road, is paramount to not only an increase in government spending, but an increasing reliability upon government spending and stimulus’.

Secretary Timothy Geithner and the Treasury Department are expected to release more carnage on our fragile economy and stock market this week with a long overdue plan to buy as much as US$1trillion (US$1.5trillion) in troubled mortgages and related assets from financial institutions.   “It intends to create a government body, called the Public Investment Corp., to finance the purchase of as much as $1 trillion in soured loans and toxic assets from ailing banks, according to sources.  The plan calls for the new entity to combine its resources with the Federal Deposit Insurance Corp., the Federal Reserve and private investors to buy those loans and other assets.”   http://www.washingtonpost.com/wp-dyn/content/article/2009/03/21/AR2009032102246.html  Who’s going to insure these deals?  FDIC? ROFLMAO!  Who will oversee PIC?  The government of course! 

Geithner already in hot water over the AIG bonuses that were paid,  his tax evasion problems, and his inability to hire any staff members.  Every idea he has had, has further eroded the American people’s confidence in his ability to guide the nation out of financial disaster.    Obama on the other hand loves “Timmy Boy” Geithner and in an interview with CBS TV, Obama said Geithner’s job was secure, and that he would not accept Mr Geithner’s resignation even if it was offered. http://www.abc.net.au/news/stories/2009/03/22/2522876.htm?section=justin

Coaxing private investors to form partnerships with the government to buy toxic assets from the banks is the best that Obama and Geithner can come up with?  While I am no economist, I see more of my tax payer dollars are going to pay for toxic debt that no one wants in the first place.  Even if there was no interest on the loans or taxpayer subsidies, why would anyone want to buy that kind of debt- let alone go into business with our government?  There are very few private investors left.  Geithner assumes someone will actually bid at an auction of assets!  Can China and Russia place their bids too?  Maybe Abu Dabbi?  Abu Dabbi loaned around $7 billion to Citigroup last year so they may be feeling a bit pinched.  Madagascar? I hear the economy is doing great.

While both types of assets — the loans and the complex securities — have dropped, so has everything else including the unemployment rate.  What is beyond toxic and to nearer to annihilation, is that nothing that has come from Obama, Congress, The Senate or The Treasury Department that puts people back to work independent of reliance on the government.   The plan for a Public Investment Corp., and the ideals that Obama believes that creating trillions in debt are nothing but toxic to democracy.   

What do workers do when all the bridges are finished being built with taxpayer money and we’ve all switched over to compact fluorescent bulbs?  In America, where where the individual used to be king and had every chance to make his own fortune, citizens may have to turn the lights off and light a candle to the change Obama promised.  Can you spell SOcIaLiSm?

Want to bet the candles are make with toxic lead wicks from China?

How’s that for a New World Order?  Alas, in the New World Order, Obama is once again pre-empting regular tv programming Tuesday night with another public address to the country.  While Obama may not be hiding from us, I’d rather watch American Idol.  I wonder if he’ll make fun of the Special Olympics during prime time or if bad manners go along with ignorance all the time.

God Bless America.

Read Full Post »

Oh the hilarity of calling it a compromise stimulus package.  The American Recovery and Reinvestment Plan report is about 778 pages of political wrangling and the public has only been given about 24 hours to review it before a final vote.

Where is the damned Generational Theft Act that the Congressional Budget Office has referred to as, The American Recovery and Reinvestment Plan?  I’d like to read every last page.  It sure as hell is not on the White House web pages, as it states, “The President remains committed to bringing more transparency to government, and in this spirit the White House will continue to publish legislation expected to come to his desk on line for public comment as it moves through Congress.”    http://www.whitehouse.gov/briefing_room/OfficialStatements/  

President Obama resolutely promised change and transparency indicating that,  “Too often bills are rushed through Congress and to the president before the public has the opportunity to review them. As president, Obama will not sign any non-emergency bill without giving the American public an opportunity to review and comment on the White House website for five days.  Key word here- NON EMERGENCY.  http://www.whitehouse.gov/blog_post/update_on_sunlight_before_signing/ This is an emergency if ever there was one. One trillion tomorrow, two trillion the next day, defines emergency in my dictionary.

 The White House blog itself was just updated after three three days of inactivity. http://www.whitehouse.gov/blog_post/first_flights/  features his first trip on Air Force One and highlights his Democratic Caucus trip saying, “We have to accommodate the interests of a range of people.  And the House is going to have to work with the Senate.  But let’s think big right now.  Let’s not think small.”  What I am thinking is big government sucks.

Published on line by the Library of Congress, parts of the American Recovery and Reinvestment Plan are available at Open Congress http://www.opencongress.org/bill/111-h1/show .  Have fun reading through all the 481 amendments proposed. 

Relying on Sen. Tom Coburn (R-OK) at his  site  http://coburn.senate.gov/public/index.cfm?FuseAction=RightNow.Home&ContentRecord_id=3db704c6-802a-23ad-406c-a424db591389  you’ll find a fistful of wasteful and Non-Stimulus Spending Provisions.

I’d rather stand in the unemployment line for five more days than have this rushed through legislation and not put it out there for us little people- the tax payer to look at.  I want to know who exactly proposed spending $75 million for “smoking cessation activities,  $75 million for salaries of employees at the FBI and the $25 million for tribal alcohol and substance abuse reduction just to name a few.  C’mon, who?  What gall. 

There are a whole host of concerns that we all have but now is not the time to worry about stop smoking and drinking. 

Show me the money honey and while I’m thinking about it, why in the sam hell does  The President have time to write an Op-Ed piece for Wa-Po?  Is there nothing else he could be doing than taking the time for this?  Like giving orders to post the damned “plans” on the website before he signs them? 

http://www.washingtonpost.com/wp-dyn/content/article/2009/02/04/AR2009020403174.html?hpid=opinionsbox1

That’s the way to create consumer confidence, write about how “this recession might linger for years.”  We are indeed a desperate nation when we allocate millions for pork barrel projects and earmarks that do nothing.  Obama is doing something alright, he will be addressing the nation on prime time TV tonight. https://ahrcanum.wordpress.com/2009/02/08/obama-prime-time-vision/

In the meantime so as not to confuse billions and trillions of of dollars between two pieces of legislation, “With the administration making a full court press to get the economic stimulus package through Congress, Treasury Secretary Timothy Geithner is delaying his plans to spell out details of the upcoming bank rescue plan, now dubbed the Financial Stability and Recovery Plan.” http://www.thedeal.com/dealscape/2009/02/geithner_puts_banking_rescue_p.php

Geithner’s new plan appears designed to stem the government’s up-front costs to the federal budget but could nevertheless expose taxpayers to as much as $2 trillion more in potential obligations to the financial industry. 

I’d like to read the Financial Stability and Recovery Plan before it goes into law too, but even Open Congress doesn’t provide this.

Might as well turn in my conservative blogger badge now and say hello to government controlled capitalism as we allocate nearly three trillion dollars in three days. 

Lol, ain’t nothing funny about it.  

Read Full Post »