Detroit Deserves To Waste Taxpayer Money
Apr 13, 2011 Political
Councilwoman JoAnn Watson of Detroit is saying that the city deserves (get that, deserves) a bailout at least as big as the one GM received. This is, of course, assuming you think GM deserved to be bailed out. Conservatives believe that GM and any other company that could not make it should be left to fail. Some other entity can then come in and take the failure’s place. Watson is a liberal, in a liberal city, that has been run into the ground by liberals and now she wants the American taxpayer to foot the bill.
Why should Detroit get any money from people who do not live there and who do not visit there? Why does Detroit DESERVE bailout money?
Why would we give that city our money just so it could spend it on the failed liberal policies that got it in the mess in the first place?
Detroit deserves better leadership and it deserves people who can run a city without running it into the ground. Watson is a typical liberal. Promise the world to people until a majority of them depend on government (and the producers leave) to exist and then beg for someone to bail them out when the policies fail.
How about Detroit revamp its tax system and entice businesses to move there and invest instead of begging taxpayers from across the nation to foot the bill for policies that guarantee poverty?
And while she is at it perhaps she can tap some of Detroit’s rich alumni** and ask them for the money?
One thing is certain, the taxpayer should not foot the bill for Detroit or any other city (or state) whether they think they deserve it or not.
**Not everyone on this list is rich but quite a few are.
Cave Canem!
Never surrender, never submit.
[tip]If you enjoy what you read consider signing up to receive email notification of new posts. There are several options in the sidebar and I am sure you can find one that suits you. If you prefer, consider adding this site to your favorite feed reader. If you receive emails and wish to stop them follow the instructions included in the email.[/tip]
Tags: bailout, detroit, failed policies, joann watson, liberals, taxpayer
Political Glossary For Taxpayers
Sep 5, 2010 Political
Just in time for election season comes this video that clearly spells out what politicians mean when they use certain words.
Listen carefully and play it as many times as necessary to understand what they mean when they say the things they do.
Then vote them out in November.
Big Dog salute to I Own The World
Cave Canem!
Never surrender, never submit.
[tip]If you enjoy what you read consider signing up to receive email notification of new posts. There are several options in the sidebar and I am sure you can find one that suits you. If you prefer, consider adding this site to your favorite feed reader. If you receive emails and wish to stop them follow the instructions included in the email.[/tip]
Tags: doublespeak, lies, political glossary, taxpayer
Obama Cuts Off Constituents
Jul 23, 2010 Political
The good news for taxpayers is that Barack Obama signed into law on Thursday legislation that is supposed to prevent about 50 billion dollars from going to people who are not supposed to get it. The dead, those in jail and fugitives have been paid money they are not supposed to get.
President Barack Obama on Thursday signed legislation intended to slash by $50 billion the taxpayer money improperly paid to dead people, fugitives and those in jail who shouldn’t be getting benefits. Yahoo News
The bad news is that this will only reduce by about half the number of such payments.
This is what happens when government is involved. Programs are put into place and they grow because government never shrinks. As they grow, they become more difficult to manage and oversight (if any existed to begin with) is lost in the massive bureaucracy. People who have died or are incarcerated continue to get paid because no one is able to decipher what is going on.
This happens in all government programs and will happen in the new health care takeover.
Interestingly, this kind of waste is generally shrugged off but let a contractor (like Halliburton) get paid to much and all hell breaks loose. I fully agree with holding contractors accountable but how can they be held to standards that the government cannot achieve?
This is one of the problems with the financial takeover bill that has been disguised as a reform bill. The very people who spend too much and waste our money have put in place a law telling private businesses how to do things, as if the government knows. To top it off, the two biggest criminals in Congress (with regard to financial items) wrote the bill. Barney Frank and Chris Dodd are directly responsible for the economic collapse because of their legislation and support of companies involved in the mess (hard to bite the hand that is feeding you).
So we reward these morons by letting them write the legislation to supposedly correct the mess they caused.
Only in our government can such stupidity take place.
Another bad news item for Democrats is that Obama has cut off about 50 billion dollars from their constituents.
There are a number of dead people in Chicago now considering staying home on election day…
Never surrender, never submit.
[tip]If you enjoy what you read consider signing up to receive email notification of new posts. There are several options in the sidebar and I am sure you can find one that suits you. If you prefer, consider adding this site to your favorite feed reader. If you receive emails and wish to stop them follow the instructions included in the email.[/tip]
Tags: dead people, dodd, frank, government waste, Obama, taxpayer
You Can’t, Unless You Are The Government
Jul 16, 2009 Political
In February of this year, during a speech. Barack Obama admonished companies by exclaiming:
“You can’t get corporate jets, you can’t go take a trip to Las Vegas or go down to the Super Bowl on the taxpayer’s dime.”
This was a direct stab at the companies that had taken, or in many cases forced to take, bailout money. He wanted to make it clear that as long as the taxpayer was footing the bill there would be no trips to these kinds of places no matter what the reason.
Of course this idea did not stop Obama from attending a fundraiser for Harry Reid in, you guessed it, Las Vegas. And he did it on the taxpayer dime.
It would appear as if it is OK to take these kinds of trips if you are the government because now we have word that the Social Security Administration sent at least 675 employees to Phoenix Arizona for a conference at the Valley resort. The cost of the trip was $700,000. This is 700 thousand dollars spent by an organization that has been raped of all its money by the federal government and will be in the red by 2016. They spent close to three quarters of a million dollars on a conference with classes such as “Techniques to Empower You,” “Mentoring the Generations,” and “Emotional Intelligence.”
The article also states that the SSA did not mention the after hours activities though I am not sure any of them cost the taxpayer because I would assume they were not paid for with taxpayer money (though it would not surprise me if taxpayer money was used).
Considering how terrible Social Security is and how it only allows people to live at poverty level while it plummets toward insolvency, one has to wonder who thought this would be a good idea.
Social Security is a boondoggle to begin with and should be gradually moved over to the private sector where the money people pay in belongs to them and they can decide how to invest it. This would generate more wealth and allow people to retire in comfort (something Democrats oppose because self sufficient voters are harder to scare into voting Democrat). This incident just demonstrates the atmosphere in the SSA. Waste money, make poor decisions, and don’t worry about it. The taxpayer will foot the bill.
If accounts were private we would not need 675 managers to run things (not to mention the tens of thousands of employees) and they could not go to training conferences that cost a fortune. There would be no need for all these people who run a poor system that has a return of less than 1% on investment.
Maybe that was their share of the bailout money.
You can’t waste taxpayer money unless you are the government.
Gotcha.
[tip]If you enjoy what you read consider signing up to receive email notification of new posts. There are several options in the sidebar and I am sure you can find one that suits you. If you prefer, consider adding this site to your favorite feed reader. If you receive emails and wish to stop them follow the instructions included in the email.[/tip]
Tags: boondoggle, insolvency, social security, taxpayer, trip, waste
Taxpayers Will Get Screwed On Auto Maker Loans
May 19, 2009 Political
Just Like I said they would
I wrote before that the bailout of the major auto makers was only going to delay the inevitable and that they would eventually file for bankruptcy. I also wrote that when they filed for bankruptcy the bailout money they received would be lost forever because they would not have to pay it back. This was one of my arguments against bailing out any of them. It would appear as if I was right on the money.
GM is filing for bankruptcy and it hopes to sell off part of the company to a company that was owned, for a brief time, by the government. The plan will call for GM to give stakes in the new company to the union and the bondholders.
When a company files for bankruptcy it is supposed to reorganize and figure a way to restructure debt in order to pay creditors. Some of GM’s assets will stay in bankruptcy in order to satisfy any outstanding claims, except those of the US taxpayer. GM will not have to pay back most of the 15.4 BILLION dollars in loans it received from taxpayers because the government will forgive the loans. The US government is awfully generous with OUR money.
In addition, the government would extend a credit line to the new company and forgive the bulk of the $15.4 billion in emergency loans that the U.S. has already provided to GM, the source said. al-Reuters
In addition to forgiving the loans the government will extend a line of credit to GM. How nice, we will let them spend more of our money on credit. How long will it be before that is forgiven as well?
The government is supposed to be good stewards with our money. The taxpayer was forced to hand money over to GM and we should be protected. Those in private industry who invested in GM should take a hit before taxpayers because they had a choice and invested in order to make money. Their gamble did not pay off.
The government had no right to spend OUR money on a private company to begin with. They did so under the guise of it being a loan that would be repaid. Now the government is kissing that money goodbye. We have no chance now of ever getting it back, just as I stated. The Socialist government gave the unions and bondholders a 15.4 BILLION dollar gift because they get part of the company but will not be saddled with the debt the company incurred.
This should disgust everyone. I would like to see all incumbents voted out of office but at the very least every person who voted for the bailouts should be sent packing. People, this is 15.4 BILLION dollars of your money that the government decided to “forgive.” Do you suppose they will forgive your tax bill when it comes due?
As for GM, I will NEVER buy a GM product. I had stated before that I would not buy from a company that received bailout money and I will never buy from one that is owned by the union. I will certainly not buy from any company that raped the US taxpayer. Boycott GM and put them out of business.
Ford did not take bailout money. It pains me that Chrysler did because I own a Jeep and had planned on buying another in a few years (assuming you can still get them after the CAFE and global warming stupidity is added on) but now I will need to find another SUV.
Maybe someone will buy Jeep from Chrysler…
[tip]If you enjoy what you read consider signing up to receive email notification of new posts. There are several options in the sidebar and I am sure you can find one that suits you. If you prefer, consider adding this site to your favorite feed reader. If you receive emails and wish to stop them follow the instructions included in the email.[/tip]
Tags: bailout, forgiven debt, gm, taxpayer