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Tuesday, November 24, 2009
Hidden Taxes Account for 40.91 Percent of the Cost of Your Thanksgiving Dinner....Happy Thanksgiving!?
Posted by: Townhall.com Staff at 3:36 PM
from Americans for Tax Reform...

Have you ever asked yourself how much of the cost of your Thanksgiving feast is owed to the fact that the government takes a big bite at it in hidden taxes?

The Americans for Tax Reform Foundation and the Center for Fiscal Accountability have calculated just how big that government “tax bite” for Thanksgiving is, and it clocks in at a whopping 40.91 percent.

According to the American Farm Bureau Federation, the average cost for a Thanksgiving feast for ten lies at $42.91 in 2009. For the calculation ATRF and CFA also factored in five bottles of wine at an average price of $7.35, bringing the total cost of the average Thanksgiving feast to $79.67. But not all of that reflects the actual cost of your meal – a large chunk of it is taken by the government in some form or another, adding up to a tax bite of 40.91 percent or $32.59.

“You probably wouldn’t have thought so, but whether you want it or not, Uncle Sam is dining with you on Thanksgiving.  The reason is that out of what you pay, the producers and sellers must pay a whole host of taxes not showing up on your bill and these hidden taxes add up to a whopping 40.91 percent,” said Grover Norquist, president of the Americans for Tax Reform Foundation. “And that’s only if your family does not have to drive or fly to get to the Thanksgiving party, or stay at a hotel – as domestic airfare, gasoline, and hotel stays have their own “tax bites,” which are even bigger than the bite the government takes out of your Thanksgiving meal.”









Tuesday, November 24, 2009
How About a Civilian Trial in New York?
Posted by: Carol Platt Liebau at 3:32 PM
Three Navy SEALs, who have succeeded in capturing one of the most wanted terrorists in Iraq, are going to be court-martialed.  For punching this poor thing, who is the alleged mastermind of the murder and mutilation of four Americans (guards for Blackwater) in Fallujah in 2004.  Here is his handiwork (graphic image).

Keep in mind that this means that Khalid Sheik Muhammed -- one of the 9/11 masterminds -- will be granted greater rights and protections than these three Navy SEALs.

It's morally obtuse in Obamaland, isn't it?





Tuesday, November 24, 2009
Second "Stimulus" on the Way
Posted by: Michele Bachmann at 3:04 PM
If you thought that the first economic “stimulus” put in place by the Obama Administration was a bust, get ready for a disappointing round two. Democrats in Congress are closer than ever to passing a second stimulus in a misguided effort to spur job growth. According to the AP, “House Democrats are looking at swelling deficits further, at least temporarily, on a jobs-producing bill in response to double-digit unemployment and a sense within their ranks that the party needs to do more to put people back to work.”  

The first stimulus was sold largely on the basis that it would cap unemployment at a worst case scenario rate of 8%. Proponents claimed that jobs would be created immediately, and our economy would be on the upswing by the end of the year. That couldn’t be further from the truth. In fact, unemployment now sits at 10.2%, and jobs are nowhere to be found.

How much of your hard-earned money does the government have to waste before they realize that throwing money at a problem isn’t a viable solution?

Just look at the $700-billion financial industry bailout known as TARP (Troubled Asset Relief Program). Earlier this month, Neil Barofsky, the Special Inspector General in charge of overseeing the TARP bailout said the program “will ‘almost certainly’ result in a loss to taxpayers." According to Barosky: “We need to temper or be realistic about our expectations; a dollar-for-dollar return is just highly unrealistic. It’s almost certainly going to be a loss.” Furthermore, “Tens of billions of dollars are likely to be lost on the automotive bailout. In addition, some banks that received TARP money are failing, so the aid they received will be wiped out.”

Bloomberg also reports that Barofsky is conducting 65 investigations of possible fraud with the implementation of the TARP.

Clearly, the last thing we need is another bailout or stimulus or whatever you want to call it. We need to allow Americans to keep more of their own money, not take it away. While simplistic, it’s a tried and true method for economic revitalization and sustained prosperity.





Tuesday, November 24, 2009
"Stimulus" Fuzzy Math of the Day: Politics vs. Economics
Posted by: Townhall.com Staff at 2:52 PM
Guest post from Mattie Duppler with the Center for Fiscal Accountability

W
hile taxpayers were sold a lemon with the “stimulus” deal, they aren’t buying the claims by proponents of the spending package that jobs have been “saved or created” since its passage. According to a recent Washington Post-ABC news poll, 62 percent of people polled thought the “stimulus” had either hurt or had no impact on the economy. The percentage of people who thought it would create jobs in the future dropped six points, demonstrating a decreasing amount of faith in the President’s platitudes about a “recovering” economy. These numbers will likely get worse as the Administration’s credibility continues to erode over its reporting of false recovery.gov.

The numbers reported on recovery.gov have gotten so misleading, Congressional leaders are asking that the Administration stop using them all together. Reps. John Boehner and Darrell Issa sent a letter to Vice President Joe Biden today, asking him to stop using the unverifiable metric of jobs “saved or created” and start focusing on real job creation. Their letter states:

“The inaccuracy of the job creation and retention claims posted on the Administration’s website, www.recovery.gov, has not prevented Administration officials from touting this misleading and inaccurate number as evidence that the President’s stimulus spending package is succeeding even as the unemployment rate continues to rise. The reality is that the metric of jobs ‘created or saved’ was invented by politicians, not economists – it cannot be verified as accurate.”

The Representatives went on to chide the President for not taking the promulgation of false data more seriously, after Obama called the misreporting on the recovery site a “side issue.” Plainly, the letter states:

“We respectfully submit that the President is missing the point.”

We couldn’t agree more.







Tuesday, November 24, 2009
Palinmania Will Lead To One Of Three Things, None Being The Presidency
Posted by: Townhall.com Staff at 2:25 PM
Rammesh Ponneru offera three possible results from the Palin resurgence:
The first is that she has another model in mind for winning the presidency, in which case I think her chances are bleak. The second is that she wants to run in 2012 but has no particular strategy in mind, in which case her chances are still more bleak. The third is that she has no intention of running. Note that this third option is compatible with her being an important voice for the causes she believes in.
The end result? It's "highly unlikely" that she becomes President.

Well, sure, except that it's very easy to claim that no individual Republican has an especially "likely" chance of becoming President at this point. And that no one else is motivating people to stand in the cold for 24 hours to see them right now. Or that anyone else is polling almost on par with Obama right now...


Tags: Palin





Tuesday, November 24, 2009
The 9/11 Never Forget Coalition Announces NYC Terror Trials Protest
Posted by: Meredith Jessup at 1:51 PM
The 9/11 Never Forget Coalition is a group of "family members, first responders, active and reserve members of the military, veterans, and concerned Americans" affected by the events of 9/11.  Earlier this morning, the group held a press conference to announce a planned protest in opposition to the civilian trials of KSM and other 9/11 conspirators on U.S. soil. The protest is scheduled to take place in New York on December 5:



The Coalition formed to fight the decision of President Barack Obama and Attorney General Eric Holder to try the 9/11 co-conspirators in New York Citys federal court, effectively giving war criminals the same rights as American citizens while endangering the safety of all New Yorkers. Two weeks ago, we sent a letter signed by 300 family members of 9/11 victims to the president, attorney general and Defense Secretary Robert Gates asking them to reverse course. The letter has now been signed by over 120,000 Americans and is posted at http://www.keepamericasafe.com.





Tuesday, November 24, 2009
A Glimpse into the Past
Posted by: John Campbell at 11:37 AM

You may or may not know why this blog is titled the Greeneyeshade Blog.   I am a CPA by training, a self-professed bean-counter.  I also sit on 3 of Committees available to Members of the House that hold jurisdiction over areas of federal economic policy, budgeting, and economic analysis.  I feel it is particularly instructive that we take a look at some history…because after all, the numbers don’t lie.

- In February 2009, Democrats enacted a debt increase, with the premise and promise that by borrowing another trillion dollars would create jobs for more Americans and that it would happen immediately, thereby thwarting the unemployment rate from rising above 8%...we are now at 10.2%, according to the Bureau of Labor Statistics, this is a 26 year high.

- Since taking control of Congress in January of 2007, Democrats have presided over a 39% increase in the nation’s debt from $8.670 trillion to $12.039 trillion.

- According to the President’s budget, the national debt will soar from $9.961 trillion at the start of 2009 to more than $24.4 trillion in 2019…that’s an increase of 144%.






Tuesday, November 24, 2009
Another Bow
Posted by: Townhall.com Staff at 10:46 AM
This time, before Chinese Premier Wen Jiabao.

A few more leaders, and he might have to start worrying about scoliosis....

Photobucket


Tags: bow



Tuesday, November 24, 2009
"Healthier" Not To Own A Gun? Uncle Sam Might Think So
Posted by: Townhall.com Staff at 10:36 AM
Incentives for not owning firearms aren't explicitly laid out in the health reform mandates that passed the House or Senate, but they're not explicitly prohibited, either. That made the Virginia-based Gun Owners of Americaa little concerned, sending out a notice to its members saying that premiums for gun owners could potentially be higher than premiums for non gun-owners, if the "rabidly anti-gun Health and Human Services Secretary Kathleen Sebelius" felt that not owning a gun was somehow healthier.

HT The Examiner


Tags: guns



Tuesday, November 24, 2009
Afghanistan Standoff: Inside the December Issue of Townhall Magazine
Posted by: Chris Field at 10:14 AM
Two men are in showdown over how the U.S. military should move forward in Afghanistan.

One is a highly decorated Army general who has experienced the war first hand and is directly responsible for leading the men and women on the ground against al Qaeda and the Taliban.

The other is other is a community-organizer-turned-president whose party’s left-wing base actually roots for America’s defeat.

So, who do you trust to win this war—the general who knows what he needs or the liberal politician who knows he needs to placate his peacenik base?

Townhall Magazine digs into where we are in Afghanistan, how we got there and what we need to do next. Gen. Stanley McChrystal has a plan, but no one knows if President Obama will take his advice, shortchange our troops or continue to dither while our bravest are in harm’s way.

If you want to know what it will take to win, the December issue is for you. Not a subscriber? Fix that problem here, and get up-to-speed on our War on Terror.

And it doesn’t stop with the war in Afghanistan. The policies of this administration are leading us down a path of security and fiscal weakness.

With the president’s decision to scrap missile defense in Eastern Europe, he has shown a frightening willingness to sacrifice our national well-being and to betray our allies. We give you the latest in Townhall Magazine.

On the fiscal front, this government’s policies are going to require a decision—sooner rather than later—on our taxes and freedoms. We have it all covered.

And while average Americans are hurting in this economy—which the president himself warned could see a “double-dip recession”—the Obama White House is riding to the rescue of its Wall Street buddies.

Of course, the administration needs a message machine to help make this all possible. Townhall Magazine exposes that machine—Organizing for America—for what it is: a cult-like DNC-based group of Obama sycophants.

Also, just in time for the holidays, the fight over our religious symbols is rearing its ugly head. Yes, the War on Christmas continues.

Plus, in an exclusive interview with Townhall Magazine, Santa Claus lets slip what Nancy Pelosi and Harry Reid can be expecting this Christmas.

If you order today, we will give you a FREE COPY of Sarah Palin’s explosive best seller, “Going Rogue.”

***



Afghanistan is at a tipping point, but the Obama administration is dithering while American troops wait for backup. How did we get to this point? Where to do we go from here?

With great reporting and analysis from Bill Roggio and powerful photography selected by our team, you’ll get the full story of what’s happening in Afghanistan, what our options are and what the president must to in order to win—if that is, indeed, his goal.

From the opening of Roggio’s “No Time for Weakness”:
Three months after declaring Afghanistan a “war of necessity” and 10 months after launching the then-highly touted “AfPak” strategy, President Obama has come full circle and is now re-evaluating U.S. policy on Afghanistan.

Back on Aug. 17, during a speech given to Veterans of Foreign Wars, Obama laid out the case for a vigorous effort in Afghanistan. He indicated that al Qaeda, and the Taliban who harbor them, are a vital threat to U.S. national security.

“Those who attacked America on 9/11 are plotting to do so again,” Obama said. “If left unchecked, the Taliban insurgency will mean an even larger safe haven from which al Qaeda would plot to kill more Americans. So this is not only a war worth fighting; this is fundamental to the defense of our people.”

Today, the administration seems unsure whether the Taliban are even a threat, and some advisors are implausibly arguing that even if the Taliban retook control of Afghanistan, the Taliban would not welcome al Qaeda there.

As Obama contemplates the path forward in—or out of—Afghanistan, the harsh reality is that the security and political situation is nearing its nadir. Seven years after being driven from power, Mullah Omar’s Taliban have clearly regained the initiative. But regardless of U.S. and NATO setbacks in Afghanistan, the United States has a vital national security interest there. A reinvigorated Taliban in Afghanistan would threaten neighboring countries in central Asia and lead to the further destabilization of nuclear-armed Pakistan, which is battling its own mounting Taliban insurgency. And the abandonment of the Afghan people to the brutal predations of the Taliban would tarnish the United States’ reputation in the Muslim world and beyond.

***



Townhall contributor Peter Brookes, in “Another Foreign-Policy Fumble,” explains that President Obama’s decision to abandon Bush’s Eastern European missile defense plan discourages friends, encourages foes—and leaves our homeland vulnerable.
In another stroke of foreign policy “genius,” in September the Obama administration unceremoniously threw the proposed George W. Bushera, Eastern European-based U.S. missile defense system under the bus.

Not only was it a sop to the Russians and to the Lefties here at home (who are increasingly disenchanted with the White House), but more importantly, it will render us increasingly vulnerable to the growing Iranian nuclear weapon and ballistic-missile threat.

While spinning the decision madly so as to not look weak on national security, in the end, it amounts to another Obama foreign-policy fumble in its Pollyanna-ish effort to make everything right with the world—despite American interests.

***




The policies of the Obama administration and America’s liberals are quickly leading to a major fork in the road for this country. As explained in “More Taxes? Fork It Over,” if we take the Left path, we will see hither taxes, bigger government and less freedom. But there is an alternative—and a real hope that we’ll make the Right decision.

***



A new book from Washington Examiner columnist Timothy Carney exposes how the Obama White House is riding to Wall Street’s rescue. Townhall Magazine has an exclusive excerpt: “Barack O’Bailout.”
Barack Obama was not the original author of the Great Wall Street Bailout of 2008. But he carried it across the goal line when he—perhaps alone—was in position to block it.

Later, when Obama became president, he brought with him one of the chief authors of the bailouts, Tim Geithner. Obama also reappointed the captain of the bailout ship, Federal Reserve Chairman Ben Bernanke. And one of the bailout innovators of the last 25 years, Larry Summers, sits in the West Wing.

Unsurprisingly, Obama’s team rolled out new bailouts in 2009, and its financial “reforms” would institutionalize them. Obama, undeniably, is a Bailout President. Even aside from the bailouts, Obama is cozy with Wall Street.

He packed his administration with Goldman Sachs alumni, and he received more campaign cash from the finance industry than any politician in history.

In supporting Obama, the industry is acting out of normal self-interest: it knows his plans to heavily regulate Wall Street would actually end up helping the fat cats of Big Finance.

Obama is a president from Wall Street, and Obamanomics is good news for Wall Street. On this score, at least, it’s hard to see how, compared to Bush, Obama represents Change.
***



Frequent Townhall contributor Matthew Vadum takes a close look at Organizing for America with his feature report “Organizing for Socialism.”

Housed at the Democratic National Committee, the sycophantic OFA is doing everything it can to milk the cult of personality Barack Obama created during the 2008 campaign. Is it really political activism—or a massive ego trip?

***

Also in the December issue:
* New CIA documents show that interrogation of terror detainees yielded half of all al Qaeda intelligence

* GOP beats Democrats in voter trust on top 10 electoral issues

* What will Reid and Pelosi find in their stockings Christmas morning?

* Mary Katharine Ham uncovers the research that shows that it’s not the Right that has “issues,” despite the attempts by the media to portray conservatives as insane, unbalanced and ignorant

* The War on Christmas continues: fighting for our religious symbols

* Ann Coulter blasts the political correctness movement that has made the Fort Hood Muslim extremist murderer the “victim”

* Will the administration now dismantle non-banks?

* The “old” media stand up to the White House for Fox News

* Joy Behar spouts even more nonsense

* Exclusive interview with Ol’ Saint Nick

* The “mommy patriot” movement is working to save the next generation

* Dennis Miller excoriates the move to bring terrorists to New York City

* Glenn Beck takes Seattle by storm

* Shock report: Politicians lie!

* S.E. Cupp offers a gunowner’s ode to Christmas

* The FBI’s Kathryn Turman is helping terrorism victims’ families deal with the hurt and questions that surround attacks on Americans

. . . And much more.
Remember, if you order a one-year subscription of Townhall magazine today, we’ll give you a FREE COPY of Sarah Palin’s explosive new book, “Going Rogue.”


Just click here to get started




Tuesday, November 24, 2009
Is Medicare 'Too Big to Fail'?
Posted by: Townhall.com Staff at 10:01 AM
Guest post from Americans for Prosperity

During the financial disaster on Wall Street a year ago, politicians, economists, and pundits became obsessed with the term “moral hazard,” which occurs when a person, corporation, or other entity makes riskier choices because the consequences have been artificially manipulated. The Wall Street bailout created a moral hazard because it shielded financial institutions from the consequences of their actions. If a corporation knows it would be rescued by the government after making bad decisions, it has fewer incentives to change behavior or learn from mistakes.

The government takeover of the health care industry will institutionalize moral hazards as “too big to fail” could become a registered trademark. Before government mandates that its citizens buy insurance and expands coverage to millions, we should consider the current outlook of health care spending for the American taxpayer.

Let’s start by looking at Medicare in 1966, when costs were around $3 billion and projected to reach $12 billion (allowing for inflation) by 1990, according to the House Ways and Means Committee at the time. However, the actual cost by the projected date was $107 billion, almost nine times the original estimate. In 2008, Medicare’s cost grew to almost $450 billion.

These figures are striking, but only tell part of the story.

Last year’s figures still count baby boomers among those paying into the system. Once this enormous sector of the population begins to retire, there will be a dramatic shift from taxpayers to tax-consumers. The original plan was based on a substantial sector of the population paying into the system. Yet birth rates have never caught up to the historic numbers of the post-World War II generation. This is the Medicare financial disaster that has been predicted for decades. However, due to the political suicide of addressing an issue that affects the country’s largest voting block, the answer has been to wait for another Congress or another administration to handle the problem.

Why should the American people believe that universal health care will be any different? In order for this new system to survive, it will depend on two things: how much funding it can raise through taxes and how many loans it can muster despite a growing federal deficit.

For more on the health reform burdens being placed on the youth, see Robert J. Samuelson’s column in yesterday’s Washington Post.







Monday, November 23, 2009
Re: Talk About "Inconvenient" Fiscal Truths!
Posted by: John Hanlon at 11:21 PM
Carol, to follow up on your piece about David Broder's article about health care reform, it was interesting to see the reaction from Senate Majority Leader Harry Reid to Broder's criticism.


The Huffington Post recently featured an article with the video of Senator Reid on the Senate floor responding to Broder and referring to him as a retired man who "writes a column every once in a while." In that video, Reid went on to argue that we need a debate about health care. It is ironic for Reid to simply write off a critical article about health care reform and then call for a debate on that very subject. If he really wanted a debate, shouldn't he challenge Broder's analysis on the subject rather than Broder himself?

Plus, to add to this fact, Democrats have had a hard time selling health care reform to senior citizens. With that in mind, it is funny that Reid would use this opportunity in the spotlight to call Broder a retiree as if that is a bad thing or to make it seem like retired people should have less of a say in the debate than other people, who would be less affected by this debate.

Reid's criticism of Broder on the floor is another reminder of why people should work against Reid's re-election next year. Reid may say he wants to have a debate but he does not seem to want to respond to criticisms of his policies. One day, perhaps soon, Reid may be voted out of office and become a retired politician who, if lucky, is given the chance to write a column "every once in a while" but then, according to Reid, we shouldn't focus on it.
   




Monday, November 23, 2009
ClimateGate Heats Up Global Warming Debate before Copenhagen
Posted by: Townhall.com Staff at 5:27 PM
Guest post from Nick Loris with the Heritage Foundation

1,000 emails and more than 3,000 other documents from the Climate Research Unit at East Anglia University in the United Kingdom publicly revealed by a hacker, or allegedly an inside whistleblower, are rekindling the flame to the global warming debate just weeks before the Copenhagen Climate Change Conference where the United States will propose an emissions reduction target. A sample of what the emails exposed, which date back 13 years, includes:

“The fact is that we can’t account for the lack of warming at the moment and it is a travesty that we can’t.”

And:

“I’ve just completed Mike’s Nature trick of adding in the real temps to each series for the last 20 years (i.e., from 1981 onwards) and from 1961 for Keith’s to hide the decline.”

And:

“I can’t see either of these papers being in the next IPCC report,” Jones writes. “Kevin and I will keep them out somehow — even if we have to redefine what the peer-review literature is!”

Some have argued the quotes have been taken out of context while others say the context is clear as day. Other information was erased completely to prevent it from being obtained under the Freedom of Information Act. And others believe “that this is not a scandal so much as a window on real scientists working on a politicized issue.”
Read More...





Monday, November 23, 2009
The Borrow and Spend Runaround
Posted by: John Campbell at 4:48 PM

“It is important though to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession.”

President Barack Obama, November 18, 2009

Recently, the White House indicated that it has plans to raise the national debt limit as part of a larger upcoming piece of legislation.  What this means is that the United States Government has run out of its statutory borrowing authority…just like the credit card you have in your wallet or purse…there is a limit on what one can spend.

This is the second time in 2009 that the debt limit has been increased. 

Here is a brief situation report of our economy right now:

  • - The national debt has increased to $12.039 trillion or 85 % of Gross Domestic Product (GDP).
  • - The debt limit was raised from $11.315 trillion to $12.104 when Speaker Pelosi and President Obama passed their ‘non-stimulating’ stimulus bill, nine months ago.
  • - The government is now roughly $70 billion away from reaching the current limit.
  • - The White House is now seeking a debt limit increase of at least $1 trillion to $1.5 trillion—increasing the limit to anywhere from $13.1 trillion to $13.6 trillion.

I will have more on this and a historical glimpse in the past tomorrow.





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Comments Comments

vladdy boy
 Re: A Glimpse into the Past
  By peacefrog
Boys! Boys! You Might Be Kidding...
 Re: "Healthier" Not To Own A Gun? Uncle Sam Might Think So
  By K.G.
employment cannot be had with mere cash.
 Re: Second "Stimulus" on the Way
  By vonryansexpress
we're waiting
 Re: Inhofe to Boxer on Climate Change: We Won, You Lost, Now Get a Life!
  By Speedicut
Trolls don't have facts
 Re: Inhofe to Boxer on Climate Change: We Won, You Lost, Now Get a Life!
  By John
Huh?
 Re: "Healthier" Not To Own A Gun? Uncle Sam Might Think So
  By vladimir estragon
Here you go, Vlad.
 Re: Second "Stimulus" on the Way
  By Cicero
Speedicut 3:09 PM
 Re: A Glimpse into the Past
  By Bob Munck
leaderless revolution going on
 Re: Palinmania Will Lead To One Of Three Things, None Being The Presidency
  By Speedicut
Help me out
 Re: "Stimulus" Fuzzy Math of the Day: Politics vs. Economics
  By vladimir estragon
UN grace Ful
 Re: The 9/11 Never Forget Coalition Announces NYC Terror Trials Protest
  By Big Sky Cowboy
Charles Sch
 Re: ClimateGate Heats Up Global Warming Debate before Copenhagen
  By vladimir estragon
ignorant
 Re: Second "Stimulus" on the Way
  By Speedicut
Speedicut 3:09 PM
 Re: A Glimpse into the Past
  By Bob Munck
Let's get real
 Re: Second "Stimulus" on the Way
  By vladimir estragon
btw
 Re: A Glimpse into the Past
  By Speedicut
clarityseeker 2:27 PM
 Re: A Glimpse into the Past
  By Bob Munck
stimulus working?
 Re: "Stimulus" Fuzzy Math of the Day: Politics vs. Economics
  By Starman
here, here Cicero
 Re: "Healthier" Not To Own A Gun? Uncle Sam Might Think So
  By Speedicut
Stimulus II
 Re: Second "Stimulus" on the Way
  By Kenny Z

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