Something to Ponder……….

Mitt will be our next President.

And since we know that Obama is a petty, self absorbed, narcissistic radical progressive……………………………..

 

What type of scorched earth policy will he have during his (very) lame duck period????

 

Could be more frightening than a second Obama term.

Do You Know Of Any “Theoretical” Chinese Billionaires?

The IRS does !!!!

http://www.forbes.com/sites/janetnovack/2012/02/22/the-irs-invents-a-chinese-billionaire/


The backstory: After legendary modern art dealer Ileana Sonnabend died in 2007 at the age of 92, her heirs sold off some of her collection to pay a whopping estate tax bill:

$331 million to Uncle Sam and $140 million to New York State. They sadly parted with works by Jeff Koons, Roy Lichtenstein, Andy Warhol and Cy Twombly, reportedly to such billionaire collectors as French luxury-goods titan François Pinault.
But they couldn’t sell Sonnabend’s most famous holding—Rauschenberg’s collage “Canyon”—because it includes a stuffed bald eagle, and two federal laws bar possessing or trafficking in the bird, dead or alive. (After U.S. Fish & Wildlife agents spotted the verboten eagle in 1981, Sonnabend got a special permit to retain “Canyon” and lend it to museums. It’s now hanging at New York’s Metropolitan Museum of Art.)

The Sonnabend estate tax return pegged her total worth at $876 million, including $0 for “Canyon,” based on appraisals from Christie’s and others. The IRS billed the estate for more tax, valuing “Canyon” at $65 million.

Ralph E. Lerner, the top art lawyer representing the estate, has sued the IRS in Tax Court and is vowing to fight the issue “all the way.” The IRS has long taken the position that it can tax stolen or illegal items in an estate based on “illicit market” value. But Lerner says this is different—Sonnabend ­complied with the law, and the estate isn’t ready to go rogue to sell “Canyon.” Plus, there’s no black market for an iconic piece, anyway.

When he called the chairman of the IRS art panel to complain, Lerner reports, “He told me there could be a market. For example, a recluse billionaire in China might want to buy it and hide it.” Says Lerner: “It’s bizarre. It sounds like a James Bond movie.” The IRS declined comment.

This link by the same author goes into more detail about the history of the artwork and the efforts Sonnabend made to always be in compliance with the art and law:

http://www.forbes.com/sites/janetnovack/2012/02/23/even-rich-heirs-deserve-a-fair-shake-from-the-irs/

 

Now, here’s the really bad apart about this.

http://www.usnews.com/news/blogs/washington-whispers/2011/02/15/healthcare-reform-law-requires-new-irs-army-of-1054

The Internal Revenue Service says it will need an battalion of 1,054 new auditors and staffers and new facilities at a cost to taxpayers of more than $359 million in fiscal 2012 just to watch over the initial implementation of President Obama’s healthcare reforms. Among the new corps will be 81 workers assigned to make sure tanning salons pay a new 10 percent excise tax. Their cost: $11.5 million.

“The ACA [Affordable Care Act] will require additional resources to build new IT systems; modify existing tax processing systems; provide taxpayer outreach and assistance services; make enhancements to notices, collections, and case management systems to address and resolve taxpayer issues timely and accurately; and conduct focused examinations to encourage compliance,” said the newly released IRS budget.

The IRS bureaucrats will be the bozos that will be the arbitrators of whether or not you are in compliance !!
God help us all !!!!

I AM A CHUMP !!!!!

I am frugal.

No, wait.

I will admit that I am obnoxiously cheap.  Why am I so cheap??  I know what it’s like to live with almost nothing.

I grew up in a standard middle class family.  My parents both worked very hard to provide five kids with everything that we needed (and most things that we wanted), so I did not go without while growing up.

A number of years while in college is a different story.  There was one summer that my roommate and I had to save up to get a quarter to play the pinball machine at work.  Some of the best times of my life (and greatest adventures) were those years that I had nothing.  But I do not want to be 50-70 years old living like that !!!

I “brown bag” my lunch almost every day.

I buy almost everything when it’s on sale.

I don’t live beyond my means.

I didn’t max out my mortgage when I refinanced even though the bank would have let me.

I didn’t take out a home equity line to buy a 60 inch plasma TV.

Feds announce $25B settlement over foreclosure abuse

http://www.foxnews.com/politics/2012/02/09/feds-announce-25b-settlement-over-foreclosure-abuse/

Federal officials announced Thursday that 49 states have accepted a $25 billion foreclosure-abuse settlement with the five largest mortgage lenders — a deal that primarily helps underwater homeowners but pays just $2,000 to those already wrongly foreclosed upon.

Those who lost their homes to foreclosure are unlikely to get their homes back or benefit much financially from the settlement. For those improperly foreclosed upon, the banks will cough up checks of $2,000 to about 750,000 Americans. The banks will have three years to fulfill the terms of the deal. 
OK, so far this is about “improperly” foreclosed homes.  I really don’t have problem about that except if it was improper (illegal?) why aren’t those involved being investigated and held personally  accountable for those actions???Anyone remember “Sarbanes Oxley”???

But the deal was geared more toward homeowners who are struggling to make payments now, yet still have possession of their homes. The agreement requires the banks to commit a staggering amount of money toward changing loan terms. At least $10 billion will go toward reducing the principal for borrowers who are delinquent or underwater borrowers at risk of default. At least $3 billion will go toward refinancing. Other payments will go toward state governments, and the federal government, to “repay public funds lost as a result of servicer misconduct,” according to the Justice Department.

AHHHHHHHHHHHHHHHHHHHHHHHH !!!! “Other payments go towards state and federal government “!!!!

Now I’m starting to get it

Attorney General Eric Holder said the deal would “hold mortgage servicers accountable for abusive practices.” 

Well, I can only presume that the worst AG America has ever had will be investigating “Fannie and Freddie”.

Looking at another source:

http://lubbockonline.com/filed-online/2012-02-09/25-billion-settlement-reached-over-foreclosure-abuses#.TzfyqlF-iuI

About 11 million households are underwater, meaning they owe more than their homes are worth. The settlement would help 1 million of them.

25 BILLION dollars that will only “help” 1 million households?????

That’s government “help” at its worst.

And of all that money,

The bulk of the money will go to California and Florida, two of the states hardest hit by the housing crisis and the ones with the most underwater homeowners. The two states stand to receive roughly 75 percent of the settlement funds.

Hmmm, Imagine that !! No electoral votes there !!!

I do things the right way, and others get rewarded for not doing so.  What a chump I am !!

President Obama, please stop trying to help us.

How Do You Help An Ailing Economy?

http://thehill.com/blogs/transportation-report/aviation/190811-airline-lobby-passing-out-barf-bags-at-dc-airport-to-protest-flight-tax

RAISE TAXES !!!!!!!!!

Obama has suggested that the supercommittee of lawmakers tasked with cutting a minimum of $1.2 trillion from the federal deficit consider an increase in the per-takeoff fee on flights that could run as high as $100.

The ATA said that “further increasing airline taxes and fees would eliminate 181,000 American jobs, reduce air service and mean higher costs.

I guess it’s rhetorical to ask if these guys ever think anything through, but do they??

“We Can’t Wait ” !!!!!

Another day, another worthless slogan.

Obama Takes Executive Action to Help Veterans Find Work

http://news.yahoo.com/blogs/abc-blogs/obama-takes-executive-action-help-veterans-165110398.html

“The White House today announced new initiatives urging Community Health Centers to hire 8,000 veterans, approximately one veteran per health center, in the next three years and expand opportunities for veterans to become physician assistants. “

 

OOOHHHHHH !!!!!!!!!!!!!!!

8,000 jobs in three years !!!!!!!!!

Get the fire extinguisher ready for all that friction of moving so fast !!!!

Now, for the 8,00 veterans that MAY get new jobs, that’s great, but in the big picture of NObama’s (lack of) economic policy, that’s doodly squat !!!

 

“The new orders are yet another step in the president’s plan to take executive action on his own to boost the economy without the need for congressional approval.”

 

??????

Did the former “”senior lecturer” lose his copy of The Constitution ??

“WE CAN’T WAIT”

What that actually means is since NObama’s policies are SOOOOOOOOOOOOOOOOO bad, he can’t even get Democrat support for them !

http://news.yahoo.com/obama-jobs-bill-fails-senate-vote-again-194500958.html

 

“The U.S. Senate continued on Thursday the smack down of President Barack Obama’s jobs bill for the second time this week. This time, a few Democrats broke ranks and joined in opposing the revised measure.”

 

If only he had the support of his own party.

WE CAN’T WAIT !!!!

WOW !!

Did the idiot in the White House think for a single moment about how fast that can be turned against THE ONE?

 

Yes, America CAN’T Wait !!!!

WOO HOO !!! Carter ends Romney’s 2012 Presidential run !!!!!

http://www.foxnews.com/politics/2011/09/16/carter-would-be-very-pleased-to-see-romney-win-gop-race/

“Former President Jimmy Carter says he would be “very pleased” to see Mitt Romney as the GOP nominee — an endorsement that the former Massachusetts governor hasn’t yet embraced as he seeks to win over conservative primary voters.”

 

 

OK, this wasn’t really an “endorsement”, The Worthless One was only speaking of Mit’s Mormon faith.

But I for one am glad that this might help Mit lose whatever tiny bit of Conservative credibility that he may have left.

Mit is only a half a click away from being a complete mush head like McCain is/was.

We need to challenge NObama with the best CONSERVATIVE candidate that we can find.

Right now, that’s Rick Perry !!!!