Archive for the ‘Spending’ Category

WHERE DID THE STIMULUS $$ GO?

Wednesday, August 12th, 2020

 

Thanks to Dee Sams for sharing this information with us on where the stimulus money actually went.  Thankfully, President Trump stepped in to stop more stimulus madness by issuing executive orders to get money directly to the people instead of letting Pelosi throw more “borrowed” money to her political plums.  Nancy 

Sickening – and now they want to spend (Republicans: over 1 Trillion) and (Democrats over 3 Trillion!). Stop “helping” us and just let us go back to work 100%. If we keep this up, we will crash the Dollar, and all loose huge amounts of our savings and spending power – terrifying!!!  Dee Sams

Subject:: MISSING: 96%!

Read it and weep!

www.congress.gov/bill/116th-congress/house-bill/748/text

Text – H.R.748 – 116th Congress (2019-2020): CARES Act | Congress.gov – Congress.gov | Library of Congress

Text for H.R.748 – 116th Congress (2019-2020): CARES Act

www.congress.gov

MISSING: 96%!

 Hard to believe, but look it up on Congress website for HR 748 from 116th Congress.

American population: 330,483,530

Stimulus bill: $2,000,000,000,000

Dividing the cost by every person in America is $6,051.74

The government could have given every person over $6,000, but instead will give $1,200 to each adult under a certain income.

Want to know where the missing 96% of your tax dollars went?

$300,000,000 for Migrant and Refugee Assistance pg 147 (a Democrat political plumb required for Pelosi to agree to support the bill)

$10,000 per person for student loan bailout (Another Pelosi political plumb)

$100,000,000 to NASA, because, who knows why

$20,000,000,000 to the USPS, because why the hell not

$300,000,000 to the Endowment for the Arts – because of it (Another Pelosi political plumb)

 

$300,000,000 for the Endowment for the Humanities/ because no one even knew that was a thing (Another Pelosi political plumb)

$15,000,000 for Veterans Employment Training

$435,000,000 for mental health support

$30,000,000,000 for the Department of Education stabilization fund/ because that will keep people employed (Another Pelosi political plumb)

$200,000,000 to Safe Schools Emergency Response to Violence Program (Another Pelosi political plumb)

$300,000,000 to Public Broadcasting / NPR has to be bought by the Dems (Another Pelosi political plumb)

$500,000,000 to Museums and Libraries / Who the hell knows how we are going to use it (Another Pelosi political plumb)

$720,000,000 to Social Security Admin / but get this only 200,000,000 is to help people. The rest is for admin costs

$25,000,000 for Cleaning supplies for the Capitol Building /  it’s on page 136

$7,500,000 to the Smithsonian for additional salaries

$75,000,000 to the JFK Center for performing Arts – It then gave $25,000,000 to the DNC (Another Pelosi political plumb)

$25,000,000 for additional salary for House of Representatives – Democrats fought any increase in social security, but give themselves a nice fat raise (Another Pelosi political plumb)

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VIDEO ANDREW CUOMO SPENT YEARS SLASHING HOSPITAL CAPACITY

Sunday, March 29th, 2020

 

 VIDEO

NYC nurse: Andrew Cuomo is no hero. He spent years slashing hospital capacity

49,357 views
Mar 25, 2020
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BIG CHUNK OF THE FIRST TAXPAYER CORONAVIRUS AID COULD BE SPENT OVERSEAS

Tuesday, March 24th, 2020

 

 We should be forgiven if our eyes glaze over as we read the enormous expense  of all  this.   Nancy

Big chunk of the first taxpayer coronavirus aid could be spent overseas

As much as $1 in every $4 from the first $8.3 billion aid package approved by Congress could be spent overseas or on foreign affairs.

Last Updated:
March 23, 2020 – 9:52pm

 

The short answer is … a good bit may end up overseas.

The title of the first legislation was the Coronavirus Preparedness and Response Supplemental Appropriations Act of 2020. President Trump signed it into law on March 6 after a bipartisan vote of Congress. The law appropriated $8.3 billion in initial response monies.

To put that into perspective, the first COVID-19 legislation exceeds the $1.1 billion appropriated for Zika in 2016, the $5.4 billion for Ebola in 2014, and the $7 billion for swine flu in 2009.

As much as $2.3 billion of the first $8.3 billion in funding falls into the categories of foreign aid, foreign affairs or overseas disease surveillance. Here’s how some of that breaks down:

  • $435 million for the U.S. Agency for International Development’s Global Health Programs.
  • $300 million for “international disaster assistance.”
  • $300 million for global disease detection and emergency response under the Centers for Disease Control
  • $200 million more goes to the State Department Foreign Operations Emergency Reserve Fund ·
  • $264 million for State Department Foreign Affairs for diplomatic response and evacuation over the next two and a half years.
  • $836 million for the U.S. or global response under the National Institutes of Health.

Here are some other major categories where the monies can be spent under the law:

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VIDEO – CULTURE OF CORRUPTION IN THE DEPTH OF THE SWAMP

Monday, March 16th, 2020

 

This is an incredibly shocking  video of a talk that Adam Andrzejewski, founder and CEO  of openthebooks.com  gave regarding waste, fraud, corruption and abuse in all levels of our  government at a Hillsdale College event .   He names all those that are involved in the abuse of our taxpayer money.   This is not a Republican or a Democrat issue as the corruption is widely spread  throughout  our government. If this level of corruption is allowed to continue, our country will be greatly damaged.   Please share with all your contacts.     Nancy
VIDEO  – CULTURE OF CORRUPTION IN THE DEPTH OF THE SWAMP

Adam Andrzejewski | The Depth of the Swamp

March 5, 2020
Adam Andrzejewski is the founder and CEO of openthebooks.com, the world’s largest database of public sector spending, whether at the federal, state, or local level
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ICON LECTURE WILL TAKE ON PROGRESSIVE AGENDA ROADMAP – MARCH 17, 2020, CHAPEL HILL, NC

Friday, March 6th, 2020

 

ICON Lecture will take on ‘progressive agenda roadmap’

By A.P. Dillon   March 5, 2020
For those interested in hearing more, Michel’s ICON Lecture will take place on March 17. For more information and to purchase tickets, visit www.iconlectureseries.com/.

CHAPEL HILL — A lecture on government spending, which highlights the high cost of progressive programs, will be taking place next month as part of the ICON Lecture series.

Adam Michel, a senior policy analyst on tax and debt with the Heritage Foundation, will be giving a talk titled “The progressive roadmap to soak the middle class.”

The Heritage Foundation is a conservative D.C. think tank that advocates for limited government, free-market economics and expanded individual opportunity.

The lecture comes along just as socialist Vermont Sen. Bernie Sanders has gained steam towards becoming the Democratic Party’s nominee

“The progressive agenda, as it is articulated by any of the prominent Democrats and some on the left — taken in whole or in segments — is an incredible departure from fiscal sanity,” Michel told NSJ.

“It is arithmetically impossible to fund the progressive agenda with taxes on the rich alone,” said Michel.

Sanders’ recent publication of a fact sheet on how he plans to fund his agenda items is largely a list of steep tax increases. Michel saw this coming and warns that taxes on the rich will not be nearly enough to pay for Sanders’ wish list.

“If you were to confiscate every dollar earned by every taxpayer with incomes over $200,000 a year, you would only pay for about half of what is being promised by the progressive, left agenda,” said Michel.

Michel warns that if corrective actions aren’t taken, government expenditures will require much larger tax increases on middle-class Americans and even higher taxes on a much larger number of taxpayers.

(more…)

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DEMOCRATS – THE INCOMPETENCE PARTY

Monday, February 17th, 2020

 

THE WALL STREET JOURNAL

The Incompetence Party

The Democrats’ biggest problem isn’t Bernie Sanders. It’s that many voters doubt the party’s ability to govern anymore.

 
By Daniel Henninger  February 12, 2020
 

Now that Bernie Sanders—once an obscure socialist senator from Vermont—is officially the front-runner for the Democratic presidential nomination, it is time to confront what that means.

It does not mean the U.S. is flirting with socialism. That’s not going to happen. The meaning of Bernie’s ascent is that the Democratic Party, older even than he is, has simply run out of gas.

The Democrats resemble Europe’s aging political parties—Britain’s Labour, France’s Socialists, Germany’s Social Democrats and Christian Democrats. All have simply deflated with voters.

Signs of public fatigue with the Democrats could be seen in Iowa and New Hampshire.

Besides incompetence, the big story out of Iowa was low turnout. In New Hampshire the story was voter indecision. Once past Bernie’s 25% cement-block base, many voters were flipping a coin in the voting booth to pick from the other candidates.

What does it mean that Elizabeth Warren, by now a household name, got dropped to fourth place? Joe Biden’s humiliating fifth is a personal disaster, but what does that say about the party itself?

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IS DONALD TRUMP ‘PROFOUNDLY UNCONSERVATIVE’?

Saturday, January 18th, 2020

 

THE WASHINGTON TIMES

Is Donald Trump ‘profoundly unconservative’?

No. It doesn’t match his shrinking regulations and limiting government

by Allan H. Ryskind   Allan H. Ryskind, a former editor and owner of Human Events, is the author of “Hollywood Traitors” (Regnery, 2015)

December 31, 2019

Prominent liberal Fareed Zakaria insists that Donald Trump “has been profoundly unconservative” because he’s abandoned what “Republicans used to call the core of their agenda — limited government.” But it’s hard to take the charge seriously, even though some conservatives have sent his piece around for comment to see if he’s onto something. Yet no politician in recent memory has restricted the reach of government at both the federal and state level more than the current occupant of the Oval Office.

Mr. Trump’s drastic shrinking of federal economic regulations, opening vast expanses of federal lands for energy exploration, drawing overseas businesses home with tax breaks and passing major tax cuts for corporations and individuals have generated an explosion of well-paying jobs, personal wealth and soaring wages, as well as the lowest level of unemployment for minorities on record. Some 7 million new jobs have been created during Mr. Trump’s presidency and more than 100 million American shareholders have watched the market jump 55 percent since his election.

You’d think Mr. Zakaria would be celebrating Mr. Trump’s low-tax, pro-growth economic agenda as not only core Republicanism but virtually Reaganesque. Increasing prosperity by stimulating market forces without enacting high taxes and big government programs is, of course, how conservatives try to keep government limited.

Mr. Zakaria concedes that Mr. Trump has delivered what conservatives have wanted in the realm of “social and cultural policy,” such as “appointing judges, tightening rules related to abortion and asylum, etc.” but suggests they have little to do with taming the Leviathan.

Really? Stacking the courts with judges steeped in the philosophy of federalism is, of course, precisely the way to limit government on both the economic and cultural fronts. Mr. Zakaria may ignore the threat, but Democratic Party presidential candidates, along with their media support groups, are panicked over the president’s court selections.

(more…)

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ELIZABETH WARREN HAS A PLAN, OH MY !

Monday, December 30th, 2019

 

“Oh My” is right !!!  Nancy
THE WALL STREET JOURNAL

Elizabeth Warren Has a Plan, Oh My

She may not win the nomination, but her ideas show where the American left wants to go

By the Editorial Board,   December 27, 2019

She’s the candidate with a plan for everything: That’s Elizabeth Warren’s brand. But even that sells her ambitions short, as we discovered after a tour of her 60-some policy papers. Ms. Warren is proposing a transformation of American government, business and life that exceeds what the socialist dreamers of a century ago imagined.

Her standing in the polls has fallen after missteps over Medicare, but she is still in the top candidate tier. Her ideas deserve to be taken seriously because they show where the American left wants to go:

***

• Wealth tax: Tax net worth over $50 million at 2% a year, and 6% above $1 billion. To prevent the rich from yachting off, add a 40% “exit tax” on assets over $50 million upon renouncing U.S. citizenship. Estimated revenue: $3.75 trillion over a decade from 75,000 households. Most economists, including many Democrats, call that number a fantasy. Courts might also find the tax unconstitutional.

• Medicare for All tax:Charge companies with at least 50 workers an “Employer Medicare Contribution,” equal to 98% of their recent outlays on health care, while adjusting for inflation and changes in staff size. These varying fees “would be gradually shifted to converge at the average health care cost-per-employee nationally.” Estimated revenue: $8.8 trillion over a decade. If receipts fall short, add a “supplemental” tax on “big companies with extremely high executive compensation and stock buyback rates.”

• Global corporate tax: Raise the top business rate to 35%. Apply this as a world-wide minimum on overseas earnings by U.S. companies. Businesses would “pay the difference between the minimum tax and the rate in the countries where they book their profits.” Apply a similar minimum tax to foreign companies, prorated by the share of their sales made in the U.S. Estimated revenue: $1.65 trillion over a decade.

• Corporate surtax: Tax profit over $100 million at a new 7% rate, without exemptions. This would go atop the regular corporate rate. Estimated revenue: $1 trillion over a decade from 1,200 public companies.

• Slower expensing: “Our current tax system lets companies deduct the cost of certain investments they make in assets faster than those assets actually lose value.” Closing this “loophole,” she says, would raise $1.25 trillion over a decade.

• Higher capital gains taxesTax the investment gains of the wealthiest 1% as ordinary income, meaning rates near 40% instead of today’s 23.8%. Apply the tax annually on gains via a “mark to market” system, even if the asset hasn’t been sold. Estimated revenue: $2 trillion over a decade.

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ARTIFICIAL INTELLIGENCE AND OUR FUTURE

Tuesday, December 3rd, 2019

 

WASHINGTON EXAMINER

Embracing AI: How thinking weapons will simplify — and vastly complicate — future warfare

  Jamie McIntyre is the Washington Examiner’s senior writer on defense and national security. His morning newsletter, “Jamie McIntyre’s Daily on Defense,” is free and available by email subscription at dailyondefense.com. | November 14, 2019

For the Pentagon, it was an ominous glimpse into the future.

The date was July 11, 2014, and Ukrainian forces assembled about five miles from the Russian border in southeastern Ukraine were preparing for a final push to the border.

As Defense Secretary Mark Esper recounted to a forum sponsored by the National Security Commission on artificial intelligence this month, the Ukrainian troops, flushed with recent battlefield success against Russian-backed separatists, were feeling confident.

Suddenly, they heard the hum of Russian drones overhead, followed quickly by cyberattacks that jammed their communications, blinding their command and control systems.

Then a devastating fusillade of Russian artillery fire rained down on them, and in a matter of minutes, dozens of Ukrainian soldiers were killed, hundreds more wounded, and most of their armored vehicles destroyed.

The Ukrainian offensive was stopped dead in its tracks.

“The world was quickly awakened to a new era of warfare advanced by the Russians,” Esper said. “It’s clear the threats of tomorrow are no longer the ones we have faced and defeated in the past.”

Fast forward five years to today when rapid advances in artificial intelligence technology, or AI, foreshadow a grave new world of thinking machines and killer robots that will change the nature of modern warfare as profoundly as smart bombs and GPS did during the 1991 Persian Gulf War nearly three decades ago.

“Whichever nation harnesses AI first will have a decisive advantage on the battlefield for many, many years,” said Esper, who has made accelerating AI research and development a top Pentagon priority. “We have to get there first.”

Simply defined, artificial intelligence is the ability of computer systems to solve problems and perform tasks that would otherwise require human intelligence.

(more…)

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THE TRUTH ABOUT INCOME INEQUALITY

Sunday, November 17th, 2019
Thanks to Ed Roney for sharing this article.  At the bottom of the article are some of the main points in the article that Ed very thoughtfully provided .  Nancy

THE WALL STREET JOURNAL

The Truth About Income Inequality

The census fails to account for taxes and most welfare payments, painting a distorted picture.

 
November 4, 2019   by Phil Gramm and John F. Early      Mr. Gramm is a former chairman of the Senate Banking Committee. Mr. Early served twice as assistant commissioner at the Bureau of Labor Statistics.
 

Never in American history has the debate over income inequality so dominated the public square, with Democratic presidential candidates and congressional leaders calling for massive tax increases and federal expenditures to redistribute the nation’s income. Unfortunately, official measures of income inequality, the numbers being debated, are profoundly distorted by what the Census Bureau chooses to count as household income.

The published census data for 2017 portray the top quintile of households as having almost 17 times as much income as the bottom quintile. But this picture is false. The measure fails to account for the one-third of all household income paid in federal, state and local taxes. Since households in the top income quintile pay almost two-thirds of all taxes, ignoring the earned income lost to taxes substantially overstates inequality.

How Redistribution Works

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