Author Archives
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Obama Admits To Government Takeover Of Healthcare
The following is Obama, in his own words, acknowledging that healthcare reform is all about eliminating private insurance so you will have no choice but government provided health insurance. Remember, “single-payer option” is Politician-Speak for “government controlled (single payer) healthcare,”… Read More ›
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$10,000 For Retirement Is Plenty
How about $1,000? That’s how much 27% of Americans have saved for retirement. According to BeforeItsNews.com, “The United States financial system is facing a retirement crisis of unprecedented magnitude in the coming years. Social Security and Medicare are both on… Read More ›
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Pelosi Says, “Don’t read the healthcare bill, just pass it.”
“You have to pass the bill, to find out what is in it.“ ~House Democrat Leader Nancy Pelosi To: All Americans From: U.S. Government Re: Healthcare Reform Bill Dear American Taxpayer, As part of being your elected officials, and not… Read More ›
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Aggressive Lending Practices – Subprime Again? Nope, This Time It’s Our Own Government
As I’ve mentioned countless times, FHA loans are the new subprime, and we all remember how subprime ended… Well, before subprime ended, a whole lot of something else was going on…does any of this sound familiar? According to HousingWire, “Lend… Read More ›
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Congrats! You Are A Co-Signer On Your Neighbors House
FHA (Federal Housing Association) loans used to make up only 3% of home loans in the U.S. In just three years that number has moved to 30%. FHA loans are backed by the Federal Government which means the taxpayer is on… Read More ›
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Time To Stop Healthcare Reform…Again
This is exhausting…an entire nation fighting their own elected officials…specifically the Obama-Pelosi-Reid Trifecta. First time we’ve ever had three presidents. Never have so few people, spent so much money, for so long, working so hard, to try to pass something… Read More ›
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The Washington Monument Syndrome – The New Swine Flu
Animal Farm: A Modern Parody The swine that politicians are, has led to a resurgence of an infectious disease they carry and unleash on the public from time to time. Known as the”Washington Monument Syndrome,” it has cycles, like many… Read More ›
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Firefighters Living La Vida Loca: $4.2 Million In Retirement
If a firefighter from the OC Fire Authority retires at age 50 at the current average firefighter total compensation of $175,000 annually, then that firefighter will earn roughly $4.2 million in total compensation in his remaining 24 years (based on… Read More ›
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CA Union Employee Pension Costs Up 2,000%
Let me start with some shocking statistics from the Wall Street Journal… “Approximately 85% of the state’s 235,000 employees (not including higher education employees) are unionized. As the governor noted during his $83 billion budget roll-out, over the past decade… Read More ›
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FDIC – Time To Pay Your Neighbors Mortgage
Another example today of moral hazard as the FDIC announces plans to test principal reductions. A principal reduction is when the bank allows a foreclosed homeowner to have their total home loan value reduced, also known as a “cram-down” or “principal… Read More ›
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School Fires All Of Its Teachers While Union Seeks Legal Action
From the Associated Press: “A Rhode Island school district has voted to fire all the teachers at an underperforming school. The Central Falls School Committee voted Tuesday evening to fire every educator at Central Falls High School at the end… Read More ›
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Do Cell Phones Start Gas Station Fires?
Just a little public service announcement… In hopes that I can dispell an urban legend from time to time and improve the standard of living for everyone, I offer the following… Snopes.com reports that there have been no reports of… Read More ›
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Man Bulldozes His Home To Avoid Foreclosure
You can read the article here. This man had a lien put on his house because of his failing business and the IRS and his bank were fighting over what was left of his assets, namely his home and a… Read More ›
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Tea Party As A Third Party?
My faith in the American people has somewhat recovered recently in the light of their reaction to the out-of-control spending in Washington and the Healthcare Reform Bill which culminated in the peaceful revolution that occurred in Massachusetts. Still, it was… Read More ›
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Triple-Taxation in California
California gasoline is comprised of the following taxes… Federal Excise Tax 18¢ State Excise Tax 18.3¢ Underground Gas Tank Tax (Federal) 1¢ Underground Gas Tank Tax (State) 1.4¢ Misc State, County and Local Taxes approximately 26.1¢ Total California Gasoline Tax:… Read More ›
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The hot sandwich tax, and is it possible to buy a tax-free coffee?
A recent comment on this post (can be found below) that pointed out an error in one of my calculations as to what was taxable and what was not has led to this new post as their comment was correct…. Read More ›
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