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Stress tests are only power grab opportunities

Let’s say your bank with whom you have your credit card calls you up and tells you that they are concerned about you paying your bills.  They want to “analyze” your financial situation to determine your ability to be financially stable.  Upon running their “test” (which you never get to see how it works) they determine that you are in need of a line of credit from your mortgage.  You say you don’t need any money and you can weather whatever financial storm that comes your way by cutting back on your spending.   But instead of going away, your bank sends you a check and a bill saying your HAVE TO take the money or they will foreclose on your house.   You ask if you can send the money back, but they say that according to the terms of the loan (which you are not required to sign) you cannot pay it back early without significant penalties.

     The scenario I have spelled out is EXACTLY what the Obama administration is doing today with the bank “stress tests”.   The federal government, which has never run a successful bank (remember the Congressional bank that failed because too many members bounced checks ?) of course knows all there needs to be known for running a bank and what can be done under bad economic times.  They are using these stress tests to gain larger foot-holds in more banks.  They will undoubtedly find so called “weaknesses” and will all to quickly shove money in their pockets demanding further control of their business.

    To me it will only be a matter of time before ALL the banks will be owned and operated by the federal government.  This is what the democrats have been drooling over for years.  For with the bank system comes an almost unlimited power to control virtually every aspect of our economy and our lives.  

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Go ask your mother (or father)

    I am sure many of us have heard either one of our parents say that when we pose a difficult request to them such as , "Can I go camping with some friends" or "Can I take the car on a 2 hour trip to the city".  As one parent, who feels like a deer caught in the headlights, searches for an answer.  They quickly respond with this easy and non-threatening answer.  We call this "passing the buck".   The child then often runs off to ask the other parent, now claiming the other parent "said it was OK".  The child calls this "divide and conquer".
   
    This is what our wonderful elected officials in Sacramento are doing today by holding a special election (which will cost millions of dollars we don't have) to essentially "Go ask the voters".   The decision to cut the budgets and anger their union bosses is too BIG of a decision for them and so they need us to make the decision for us.   They would rather have an ill-informed voting population make the decisions that could impact our state for years to come.   But why in HECK do we even have a state government then in the first place?  Why don't we just conduct business like American Idol.  We could just have Arnold stand up on a stage and have 2 people give us a 5 minute speech on the bill and we can then vote by texting YES or NO to an 800 number.    The reason is simple that difficult matters require lots of thought and discussion.  Its why we have a true Republic and not a Democracy.    
 
    I am voting NO on 1A-1F mostly because I don't believe its MY job to make these difficult decisions and I feel we need more radical cuts before we should consider extending our glutenous taxes for another 2 (or more) years.  (Frankly speaking, I wish the whole PROP system would just go away altogether as all to often voters are manipulated by rich and powerful lobby groups running commercial after commercial on radio and TV who don't have the voters best interests in mind).

   I hope you will too.

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Specter comes out of the closet

   Today Senator Specter has decided to finally come out of the liberal-closet he has been hiding in and change parties in order to run as a Democrat.   In a statement he made earlier today he says:
"While I have been comfortable being a Republican, my party has not defined who I am. I have taken each issue one at a time and have exercised independent judgment to do what I thought was best for Pennsylvania and the nation."
   All I can say is .... It's about time!

    Now the hope is that Pennsylvania can elect a REAL Republican and boot this imposter out of the office he has wrongfully held for so many years.   This man has sided so often with the other side he practically has an honorary seat on on the left-side of the isle. My hope is that migration will encourage other so-called Republican "moderates" (such as John McCain) to leave as well.  These wanna-be's have for years held back the Republican party from standing up straight for what they truly believe. 

    But why the change of heart now??  Has it really taken him 43 years to come to this conclusion?  Wow! That's some soul searching I must say.   I think the real reason is  because Senators like Specter don't like being in the minority.  They want the spotlight and to be in control of the various Senate commitees that control so much of what goes on in our federal government.  It's not enough for them to just sit and vote.  They need the C-Span cameras on them (even though no one hardly watches C-Span) and reporters writing down their every word of wisdom.  He most likely sees the democrats staying power for years to come (wrong prediction in my opinion) due to Obama's charisma, control of the upcoming census and liberally run mainstream-media. 
  
    Another reason I see for him leaving is he sees the Republican party turning back to its roots of smaller government and that he will lose to another Republican in the next primary and would rather take his chances as a Democrat instead.   Either way, I believe he will lose in the next election for what democrat will vote for a man who ran as a Republican for 43 years and now decides to jump ship!

   Thank you Arlen for making the decision.  I think the Republican Party will be better off without you!


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The true definition of INSENSITIVE

   These days everyone with a slightly conservative viewpoint that attempts to confront  "politically-correct" world we live in is labeled: INSENSITIVE.   You are:
 
    - Insensitive to minorities
    - Insensitive to gays and lesbians
    - Insensitive to Muslims
    - Insensitive to women
    - etc....

   Often however these are more or less just ways to try to curb free-speech.   But having been raised in a midwest home, I always learned that ACTIONS speak louder than WORDS.   Its one's actions that show your true feelings, as words are often just that....words.    Many of us may say one thing, but do just the opposite or nothing at all.  It's not until actions are added to the words that you can truly say that person is that thing or not.

    Yesterday our President flew Air-Force-One at low altitude over New York City with 2 Air-Force fighter jets escorting it (at taxpayer expense mind you)  for nothing more than a "photo-op".   This was truly STUPID and INSENSITIVE.  It caused panic in the streets and also on Wall-Street.   The only people privy to this plan were the NY Police who were told to NOT tell anyone.  Not even the mayor knew of the plan ( I am sure he would have told them to not do it).  Apparently the information flow at the White House is so poor that not even "Clueless-Joe"  Gibbs knew of the event until asked about it at a press conference.  

   Can you imagine the outrage if George Bush did this?   The late-night comedians would be having a field-day!   It would have been the lead story on NBC, instead it was left until the end of the newscast.   This will obviously left off of Obama's 100-day accomplishment list ( Goal: Scare half of NYC to death..... CHECK!) and be buried under the so called swine-flu-epidemic stories.

    The city of New York needs more than apology here Mr. President.   Someone needs to get fired and fast before they pull another bone-headed maneuver at taxpayer expense.

    Finally, Mr President I have one more word for your staff the next time they need a special picture of Air-Force-1 flying low over a major US city.....

PHOTO-SHOP



 

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The next coming wave of this Tsunami

   If we remember back a few years ago, the world was re-educated on the destructiveness of Tsunami's.   They have always occured and many people who have lived on these islands for generations saw the coming destruction, while those vacationing from other countries were bewildered and inquistive as to what was going on.  Imagine sitting on a beach, sunning yourself when for some odd reason the sea level goes out suddenly and its not even low tide.   You can see fish and other sea creatures flipping around on the sand and you go to investigate, only minutes later the water level is rising rapidly and you find the entire hotel and city engulfed in raging waters.  Later after this wave goes out, you think it was just a freak wave and everything is back to normal only too see another bigger wave come through and now because of the loose debree from the first wave is all about you its 10 times worse as cars, trees,  parts of buildings are flung about you.  But many of the natives of the land are spared because they recognized what was happenning and headed for the high ground before the first wave hit.

   We too are much like those vacationers sitting on the beach thinking nothing can go wrong and enjoying the ocean scenery.   We saw the "ocean go out" when housing prices began to fall drastically, but only thought it was a small correction in the market.   Later the wave came through as the credit industry dried up and our economy seemed to be in a free-fall.  Like the lose debris ripped up from their roots and off their foundations, companies like AIG and Citigroup bailed-out to save them from going under.  But what we don't yet realize is that this is only the FIRST wave of many yet to come.   The stimulus plan will stimulate the economy but only for a very short time.  The roads, bridges, wind-farms and other programs will get partially built and will need more money to complete.   But because we've spent all our money they won't get their additional funds and those workers will go un-employed again and our economy will sour again.  Next, China and other countries will realize we can't pay back our stimulus loans and will start the painful process of "foreclosure" on the US economy by devaluing our dollar and causing rapid inflation. 

    We need to realize that each stimulus bill is only going to worsen and lengthen our recession and that there are no quick fixes.  We need to realize that government was the cause of this economic-Tsunami by keeping interest rates artificially low and encouraging reckless mortgages to those who could not afford them.  We need to get our country back on the sound footing of being producers and not just consumers. 

    Finally, we need to be like those island natives who saw this coming and got the heck out of there.  How did they know?  They learned from history taught to them by their fathers and great-great-great....grand-fathers.  When they saw the tide go OUT during high-tide, they knew immediately that something bad was coming.   We need to teach our children:

    -  To be savers and not just spenders.
    -  About government interference and the disastrous effects it can have.
    -  How to recognize these bubbles and to resist the temptation to invest in them.
  
Only then will we be able to survive these future Tsunami's

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The END never comes

   How many times have we heard the phrase "Then end of _____ has come" ?  You can fill in "blank" with any number of political issues over the past years:  poverty, welfare, racism, at the list goes on and on.  It has been used so often by our leaders that I think most of us don't even hear it anymore.   President Johnson thought is great-society would put an end to poverty.   Clinton said the "Welfare as we know it is over (or ended).  Obama, in his trying to mended his perceived "wounds" with other countries, has made similar statements as well.   We thought that with the fall of the Soviet Union that nuclear war was somehow averted but now with more unstable countries like Iran and North Korea working to develop these weapons we now almost pine for the Cold-War years again. 

    Today, Obama is trying the same approach as Jimmy Carter did back in the 70's.  By telling the world that we are going to reduce our nuclear weapons and cut back on our developments, he hopes to endear the world to himself and his policy as a "nuclear-pied-piper" in hopes to rid the world of nuclear weapons.  The problem with this approach is that its a bit like one person playing chess and another person playing checkers at the same time on the same board.  Nothing can be won in a game like this as no one can agree on the rules or the what the end-game is.   Obama thinks that by reasoning with them we can win them over to our side.  But these leader are NOT reasonable, for no reasonable leader whose country is falling apart wastes their countries resources on a tool that will ultimately destroy them.  Its like getting into argument with a patient at the Insane-asylum nothing of worth can be achieved. 

    Reagan, on the other hand, had the correct approach in the end.  By standing up to the Soviet Union he knew that they could not outspend the US in military developments.  He used our greatest tool against them.... our economy.   Russia did not have the economic resources to keep pace with us and in the end they bankrupted their economy and were destroyed from within. 

   Now I am not saying that same approach will work with Iran or North Korea.  These leaders are not as rational as Gorbachev was in Russia.  Their goals are not world domination and so their weapons needs are far smaller than Russia's was.  As the bumper sticker used to say: "It only takes 1 atomic bomb to ruin your whole day".   Even these 2 countries don't share the same goals!   In my opinion, North Korea merely wants attention and money.  Kim Jong Il wants to extort Japan and the US for as much money as he possibly can.  His countries economy is pathetic and his people are starving (that's one way to hold down an uprising).   Like the Chicago mob extorting business for "insurance money" Kim Jong Il wants "protection money".   Iran's leaders goals, on the other hand , I believe are much more devious than Kim Jong Il's.   I believe he hopes to bring on some Islamic second-coming by wiping Israel (and a large number of muslims) off the face of the planet. 

   To face these new threats head on to me will require more than just having heart-to-heart talks with them.   At the same time the Reagan approach will probably not have the same effect as it did back in the 80's.  These new threats will most likely not be stopped economically as Russia was, as Iran can fuel itself with its own oil production and North Korea can probably starve their people for years to come.  To face these global bullies it will require the US to be the biggest bully on the block as there is nothing a bully fears more than a bigger bully.  We need to remind them of the arsenal we have at our disposal.  We also need to be straight with them and show their neighboring countries what our "plans" are if ANY of our allies are attacked.  As we did to Japan by dropping leaflets prior to our bombings, we need to drop internet-leaflets on these countries showing them (and other countries that support them) who will be attacked first, second, third etc..  We need to wake up these supporters and make them question whether they truely want to be in bed these leaders or not.  

    Finally I think we must stop kidding ourselves that a war with nuclear weapons will never occur.  As more and more smaller countries aquire this technology and groups with "more to gain that they have to lose" come into contact with those weapons (such as Al Quaeda or Hamas), we will need to understand that we did all that we could stop it.   We need to straighten up and realize that like it or not, we are the worlds policemen and we do provide peace through strength and not weakness.


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Obama Relativity

   First we had Einstein Relativity that said time, mass, velocity is all relative to the observer's velocity.  Then we had Moral Relativity, which said that there were no moral absoluates and the truth is relative to the person espousing the truth.   Now we have Obama Relativity which says the size of the spending or cutting is relative to the administrations view on government.  This was recently illustrated during an Obama press conference with Robert Gibbs.  Gibbs was trying to make the argument that the $100 million dollars being cut by the administration (which actually wasn't a cut at all....just moving the money from one area to another) was LARGE if viewed by the average taxpayer, but maybe not that big by comparison to others in Washington.   But this same person,  Gibbs , just weeks ago was making the argument that the $8 BILLION dollars in pork was SMALL in comparison to the $800 BILLION dollar stimulus bill. 

    Do they think we are a bunch of dopes?   Yes, America's math scores are pretty bad when compared to other countries, but I think the average American knows the difference between 100 Million and 8 Billion.   Also, while the human mind may have a hard time grasping what a TRILLION dollars looks like (although Glenn Beck did an excellant job of doing it on his show a few weeks ago),  we do know that there are quite a few extra zeroes in a TRILLION verses a MILLION.

    If I were Robert Gibbs I would just resign from my post.  To be asked by my boss to try to explain how cutting such a small pitence from the budget constitutes "going through the budget line by line and removing programs that do not work" (Obama's promise during his DNC acceptance speech)  is a ridiculous request. 


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The door only works one way

   As a line from the song "Hotel California" (by The Eagles goes):  "You can check out any time, but you can never leave" refers to a person who is trapped in the Hell so also it is with our government.  Maybe Timothy Geithner and President Obama should have these words carved into the door mantels as a warning to all those coming to them for bailout money.  It has recently been brought out that several companies have talked about paying back the money early ( like... TODAY!) , but in some weird sort of way our government is telling them "We'll decide when you can pay the money back".  

   Just how strange is that!   Instead of pushing these companies to get healthy and pay off their debt, our politicians are telling them to stay in debt to them (probably for eternity).    Like the opera Fausse where a person signs over their soul to the devil for fame and fortune and then later repents and wants to change, so also these companies have sold themselves also to "the devil".   Do we never learn?   Did these CEO's think that no strings were attached?   What were they thinking!

    The Democrats (and maybe a few Republicans) have been waiting for this day for a long time.  A conspiracy theorist might even suggest that Barney Frank and his fellow henchman made this all happen on purpose.  By encouranging the mortgage/banking industry to be reckless with their money they may have know that eventually this meltdown in the financial markets would eventually cause these companies to come running to them for help and of course they would be MORE than willing to lend a "shrivelled, sulfur-smelling hand".   As Obama's administration has said, "a crisis is a terrible think to waste". 

    So what does it mean now that our federal government now owns most (if not all) the banks in our country?   Well for one, it means they have leverage over all companies needing loans.   They can manipulate these companies to do what ever they want like puppets on a string.  Given Obama's connections to unions, it would mean the government could put large amounts of pressure on corporations to accept whatever proposals the unions make to them.   These companies would also have to walk enviromental tight-ropes as well making business here in the U.S. nearly impossible.  This also opens up a pandora's box of evils as our already corrupt politicians will be able to suck unbelievable amounts of money to fill their vacuous pockets and fund their re-election campaigns.  Finally, with this power comes the ability to control the media as well.  Who do you think will get the low-interest expansion loans ?   CNN or FoxNews?   The NY Times or The Boston Globe?   This list goes on and on and on....

    With money comes power .... and in this case almost limitless power.


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The New Government Times

   President Obama has added to his resume many titles over the past few months

   Commander-In-Chief     - he considers this is more of a "honorary" title than a tangible one
   Banker-In-Chief             - taking over AIG and other banks
   Auto-Designer-In-Chief  - telling the GM CEO to fall on his sword so he can take it over
   
   Soon you can add to these:  Editor-In-Chief
  
   I was appalled to here that the Obama administration has even "considered" bailing out the New York Times newspaper.  Our founding fathers must be twirling in their graves to see this happening.  Who would have thought that a government would become so controlling that a Free Press would be on the auctioning block.  Do we really think this will be a good thing?  Have they never read the Constitution? Is the Times too big to fail as well?  Maybe in the eyes of the liberals it is as important to America as the Pravda was important to the failed Soviet Union.  How else will the liberals be able to put out their communist garbage on a daily basis to the unsuspecting masses.  

    But here again our government just doesn't get it.  The newspaper industry (or old-media) has been suffering for years with lost readership who have turned to free-er forms (I mean that both in terms of cost AND content) of news-media via the internet.  I myself only get the Sacramento Bee on the weekends so I can get the coupons for the week (and the comics).  Does bailing out the newspaper industry make sense?  Do we think sending them billions of dollars will suddenly cause us to buy their junk?  (Oh look honey, its government owned now,  let's have it delivered to our house so we can hear what our illustrious leader is saying today!) Why should my tax money be used for helping out a company I am 100% opposed to in every way and will continue to lose money?   Will our government give equal help to conservative newspapers as well?  If not, then how will they be able to compete with a company that is on the government dole?  

    As Obama said after losing a court case in 2000, "I think the Constitution only tells the government what it can't do and doesn't say enough about what it should do".   But of course, the writers of the Constitution knew full well that government never needs to be told what to do, they need LIMITS as to what they can do.   Its those darn limits that trouble this administration so much but we hold so dear to us. 
 
   We cannot let this happen

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Dumb as bricks

    So far the Obama administration has failed to acknowledge the large turn out of Tea Parties across the country last week.  Putting out statements that the Tea Party goers are "misdirecting their anger" shows how REALLY out of touch they are from most of America.  By pointing out that "95% of Americans are getting a tax reduction" they fail to acknowledge that we are not as stupid and ignorant as they would like to believe.   Since 40% don't pay taxes and will be getting a welfare check, those should not be included in their 95% figure.  That leaves 55% will get some mild form of payroll tax, but will be paying more in FICA and other taxes that will be required to support the bailouts and other stimulus programs.  Also, we know that these tax reductions are only temporary.  That eventually, as the bills for the TRILLIONS of dolllars spent in the past few months will come due, we will need to all belly-up to the bar and pay for it all. 

    The Tea Parties were much more about an out-of-control government (Fed's Gone Wild!) spending our hard earned money and printing money like it was going out of fasion.  That is was what I saw at the Tea Party in Sacramento at least.  But our government instead covered their ears like little children and yelling loudly LALALALALALA so as to not get the message.  The worst example of this came from our very own Nancy Pelosi who called the grass roots effort, "Astro-Turf" .  This can only be compared to Queen Antionette telling the frrench peasants to "let them eat cake".   (on a side note, I think she still needs a few more surgeries on her face to transform her in the the Wicked Witch of the West she is certainly becoming).  

    Its hard to tell whether our politicians are dumb-as-bricks or just deaf-as-bricks, but mostly likely its both.  My hope is the Tea Parties will continue and will continue over the course of the next few years.  They can't ignore us forever (and I mean BOTH the Democrats and the Republicans) and will eventually need to acknowledge our grievances.


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Will the grown-ups please take charge

   Having seen how other news agencies have treated the Tea Parties of yesterday by referring to them in sexual terminology of "teabagging" I am truly insulted.   Had these been protests been by gays and lesbians, the sexual remarks would have been put aside and the reports would have been done with the utmost respect and dignity.   Both CNN and MSNBC did disservice to the gatherings in this manor with their anchors acting like college age "frat-boys"  (sorry I don't mean to offend the good frat-boys out there).   They obviously didn't see that these parties cut across party lines and had both democrats and republicans in attendance. 

    I hope the "grown-ups" (if there are any) will take over those stations and turn them back into SERIOUS journalisim outlets.  They are a disgrace to journalists everywhere. Can you imagine Walter Cronkite or even Dan Rather (no matter how bad he was as an anchor) making remarks like that?

    How would it be if FoxNews made sexual references to "Anderson 360" as a sex-act called "sit-and-spin"?


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TAXES = Death by a thousand cuts

     Have you ever heard the phrase:  "Death by a thousand cuts".   It's actually a form of slow torture used by some (but not us) to inflict a slow death of a person by cutting them with a razor.  Each cut by itself is not harmful, but over time each cut adds to the others and the person slowly dies some the sum of all of them.  That closely parallels our current tax system today.

   April 15th is considered by most to be an ANTI-Holiday on the calendar.  Unlike "holidays" which are look forward to (unless of course spending time with your extended family is painful) April 15th is dreaded by about 99.999999999% of the working population (the other .000000001% are politicians who pay no taxes).  But let's not forget that to our government EVERY day is TAX day to them and not just April 15th.   We overlook the myriad of other taxes we pay and don't even know it.   Here are a few examples:

  - Sales tax  :  Varies from state to state and even city to city in some cases.   We pay up to 9 or 10% extra for everything we purchase
  - Gas tax    :   Unless your an avid biker or health freak, you pay 20-40% more for your gas at the pump
  - Car tax    :  Most states call this a auto-registration fee, when in fact, it's just another tax on the average American
  - Utilities tax: Take a good look at our phone or electric bill this month and you will see a large assortment of "state fees"
  - FICA      :   When we look at our paychecks we often overlook this as a "tax" as its supposed to go towards social security, but let's
                       face it, our government has been "borrowing" from this fund for years with no intention of paying it back
  - Property taxes:  Depending on where you live these can range from a few hundred dollars to several thousand dollars.  I myself
                      pay  nearly $5,000 per year for the right to own my own home.  I met a person who owned a home in the Sunnyvale who
                      was paying $12,000 per year.  I always find it laughable when people argue that owning a home is a great way to pay less
                      in taxes because you get a tax deduction of your mortgage interest.  But they overlook this added tax that makes you pay
                      more in taxes to the government.
  - Fees        : Do you enjoy hunting, fishing or boating?  Belly up again!

    These of course are only a few of the taxes we pay as individuals.  Employers pay even more taxes not listed here but are passed on to us individuals in the things we buy. 

    Our government needs to realize that what they are doing to us taxpayers over time is "death by a thousand cuts".  Each tax, by itself, seems harmless. But added together they kill the American soul.  That, you cannot measure but it is very real.  That was what our forefathers of the revolution had had enough of from England.   They realized that the powers across the ocean viewed them with disdain and treated them as indentured servants.   They laid on their backs taxes for all kinds of services such as stamp tax (this wasn't a tax on postage stamps), paper tax and tea tax.  But it wasn't the amount that bothered them so much as it was that they had no say in their government.  (Interesting enough also is that the tea tax was a method of propping up their failed tea industry  by giving the tea company a kick back... sound familiar?)

    Today across America, people are gathering to show solidarity on the issue of paying too much tax and giving our hard earned money to people who don't deserve it (banks, corporations and stupid people who don't know how much house they can afford).  Today these protests are cordial, orderly and respectful.  But our politicians must realize that when this economy tanks (I do say WHEN and not IF), that these gatherings will not be just on April 15th and they won't be people holding signs, dressed in silly costumes but will be angry mobs wanting REAL CHANGE in their government.  So it is in their best interest to pay attention to these protesters today and start doing real changes to our government and tax system now rather than cast them off as some lunatic fringe as King George did over 200 years ago.

    Are you listening King Obama?

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How a FAIR TAX system could work today

  The problem with our current tax system is that it has not changed with the times.  It works pretty much the same as it did back in the early 1900's.   As the income tax system has "evolved" it has grown enormously complex.   Today its a system of loop-holes to fix loop-holes resembling Swiss-cheese. The system was based on the fact that there was no way back then to have a centralized system to record peoples incomes to figure out how much they owed.  If we had a "flat-tax" system there would be no problem.  Essentially any income incurred could be taxed at a fixed rate by a bank or financial institution and the money sent directly to the government.  But because we as Americans believe that higher income earners should be paying a larger burden a "graduated system" has been put in place.  This graduated system therefore required us to "estimate"  (W-4) what we think we will be earning the coming year so the government gets their "fair share" of the pie and then "report" what we actually made every year on April 15th (1040). 
 
   But a lot has changed since 1919 when the income tax system was put in place (did you know that in 1919 the only people who had to pay income taxes were people earning over $500,000 and they only had to pay 1% of their income?).   Today we have the internet and at the speed of light we can have a centralized recorder of income to automatically figure out how much tax to extract from each persons "income".  This is how it would work

1) Every tax payer is given a unique tax payer ID# (not your SS#) and would register that number with:
     - their employers
     - their banks
     - their financial institutions

2) Each taxpayer tells the IRS how many deductions they are claiming (children)

3) Each January 1st everyone's account in the IRS database is reset to ZERO - #deductions * 2000.
         - so people with children start out with negative numbers

4) Every time a person is paid, income, interest, dividends,etc.. the company logs onto the IRS database and the amount is recorded

5) The IRS will send back the exact amount to be subtracted from the amount by adding the amount to the running total and taking the
    amounts in their respective brackets
         - Let's say a person with 2 children earns 5000 per month
             Jan 1st they start out with:  -4000
             At the end of January the person receives 5000 so the first 4000 is not taxed as it is still below zero.
             The next 1000, is taxed at 10% so the IRS tells the company to withhold 100. from the pay and the person get $4900.
             And so on...

    Banks and other financial institutions would go through the same pay as you go system.  The IRS would always get the correct amount and no 1040 would need to be filed on April 15th.   The other benefit is that NO ONE CAN CHEAT the system ( not even tax-cheat Timothy Geithner!)    We all pay our fair share.

    Now of course it means we will need to give up our "deductions" such as charitable giving (which is going away anyway), but I think that is a small penalty for a system where I know we are on a level playing ground.  The benefits of this system would also be:

1) Free up Americans to INVEST!   How many of us avoid investing because it would complicate our taxes?  I know I do.
2) Save corporations MILLIONS of dollars in "tax lawyers" and "tax accountants".
3) Get rid of the IRS auditors.

   We need a 21st century tax system to help us with our 21st century problems.  Otherwise we are doomed as a country living in the early 20th century.


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Is now the time for the Libertarian Party?

   My whole life I have been a true-believer Republican.  I was (and still am) a Reagan admirer.  But now we have been sold out by the Republican party and as Michael Savage says they have become Republicrats.  We don't have a 2 party system any more in this country. To me its either left or more left and so now may be the time for the rise of the Libertarian Party.  In past years this group was often called "Losertarians" as they had no hope to win.  But even I am considering changing my allegiance even though there are parts of the Libertarian party I do not like such as: not pro-life and being for the legalization of drugs.  At least they STAND for something.

   Unless I see some significant change in direction from a party I have long supported I see no other choice.  I believe our country is looking for a party that STANDS for something.   By pandering to the left we debase ourselves and make ourselves look weaker and not stronger.  We need a party that will STAND up against the Politically-Correct crowd and speak plainly and honestly (and screw what the wimps in Hollywood think).   That was how Reagan came to power and he was admired for it.  

   I want to see a party that STANDS FOR:

   - Stopping Illegal Immigration at the borders and in the corporations
   - Making English the national language.
   - Stops trying to control the economy (and screwing it up)
   - A FAIR tax system (one that even Timothy Geithner can understand)
   - A government that provides a strong military to protect us.... AND THAT"S ALL



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So when does America joing the EU?

    If you heard Obama's speeches in Europe you would think he was requesting the EU for membership.  Heralding their abilities to work together and lead the world in cooperation.  Does Obama think that if we join the EU (a receding ocean under Obama's control should enable us to join our land-masses eventually)  he will be elected to be their leader as well.  It's not surprising, egomaniacs like Obama can never be fulfilled enough and they must press on to higher and bigger things. 

   I don't think the EU is as cooperative as one might think.  If you remember back a few years ago, Frances President Chirac was certain that he would get France to sign the EU constitution, but failed to do so (and he was later voted out of office as a message from the French people).  In fact, the only thing hold them together in any sense of the word today is the Euro and this was only voted through as a form of travel convenience amongst the europeans.

   All I can say is this.  Mr Obama, why don't you claim your citizenship over there and run for their office.  Maybe then you and your wife can live in a country you can be "truly proud of".


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