No one wants to think that our elected representatives are intentionally destroying the United States, but Bill Whittle makes a solid case on why the most likely conclusion is that the Liberal, Progressive, Leftist Obama Administration is intentionally destroying this Country.
Even the most rational citizens have to blink and think very hard to refute the assertion that every,....EVERY,....plan, decision, proposal, .....every executive order, is seemingly destructive to this country.
If you haven't found PJTV yet, then you should book mark or subscribe to this video channel. It routinely features Afterburner videos with Bill Whittle who is a breath of fresh air in political commentary.
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Showing posts with label looting the treasury. Show all posts
Showing posts with label looting the treasury. Show all posts
Wednesday, February 20, 2013
Monday, December 31, 2012
Obama Orders Pay Raise for Biden and Members of Congress,
President Barack Obama issued an executive order to end the pay freeze on federal employees, in effect giving some federal workers a raise. One federal worker now to receive a pay increase is Vice President Joe Biden. According to a senior Republican congressional aide who has reviewed the executive order and consulted with the Congressional Budget Office, Obama's pay raise will cost $11 billion. "The CBO told us that the President’s pay raise for federal workers will cost $11 billion over ten years," says the aide.
The aide explains, "On the cost-estimate, CBO says the (discretionary) cost of the .5% pay-hike the President is calling for in the Exec Order – relative to a freeze – is about $500m in FY 2013 and $11 billion over the ten years from FY 13 - FY 22. The reason why the FY ’13 savings is only $500 million is because the pay hike as proposed by the President’s Exec Order would not go into effect until April 1st, 2013 - when the current CR expires. So it only covers half the fiscal year. The annualized cost of the pay hike is about $1 billion/year."
Cowboys and Tea Parties comment: With federal law enforcement agencies facing payroll deficits in the tens of millons of dollars, per agency, Obama issues an executive order, therefore bypassing Congress, to effectively grant pay raises. And not only grant pay raises, but giving them to the least productive of government workers. Amazing. But this holds through true with the historical precedent of the last act of failed nation's being to loot the treasury.
The aide explains, "On the cost-estimate, CBO says the (discretionary) cost of the .5% pay-hike the President is calling for in the Exec Order – relative to a freeze – is about $500m in FY 2013 and $11 billion over the ten years from FY 13 - FY 22. The reason why the FY ’13 savings is only $500 million is because the pay hike as proposed by the President’s Exec Order would not go into effect until April 1st, 2013 - when the current CR expires. So it only covers half the fiscal year. The annualized cost of the pay hike is about $1 billion/year."
Cowboys and Tea Parties comment: With federal law enforcement agencies facing payroll deficits in the tens of millons of dollars, per agency, Obama issues an executive order, therefore bypassing Congress, to effectively grant pay raises. And not only grant pay raises, but giving them to the least productive of government workers. Amazing. But this holds through true with the historical precedent of the last act of failed nation's being to loot the treasury.
Tuesday, January 31, 2012
Looting the Treasury
One of the last acts of government before a Nation falls is to loot the treasury. That's not much of a gauge for the U.S. since government officials have been looting the treasury for decades.
Sometimes it seems just to be earmarks for a union or other organizations so the politician can be taken care of when they leave office,.....but it brings new meaning to the word "looting"
Sometimes it seems just to be earmarks for a union or other organizations so the politician can be taken care of when they leave office,.....but it brings new meaning to the word "looting"
when government officials, such as political appointees in the White House, fail to pay federal income tax. You got to hand it to these people, finding ways to get it at both ends.
The following article was published on Yahoo! Finance under the title "Thousands of federal workers owe back taxes" by Ken Thomas of the Associated Press - see the original article (without my cynical lead in) here.
WASHINGTON (AP) — President Barack Obama has preached that all Americans should pay their fair share in taxes, but a government report finds that tens of thousands of federal employees — from staffers in Congress to federal agencies and even Obama's executive office — collectively owe the government billions in back taxes.
Data from the Internal Revenue Service found that more than 279,000 federal employees and retirees owed $3.4 billion in back income taxes as of Sept. 30, 2010.
The data showed that 467 employees of the House of Representatives, or about 4.2 percent of the workforce, owed more than $8.5 million. In the Senate, 217 employees, or about 3 percent of the workforce, owed $2.13 million.
Obama's staff was not immune, either, with 36 people in Obama's executive office of nearly 1,800 workers — about 2 percent — owing the government $833,970 in back taxes. Obama used part of his State of the Union address Tuesday night to promote economic fairness, arguing for changes in the tax code that would create a minimum tax rate of at least 30 percent on anyone making more than $1 million. The finances of one of his chief Republican rivals, Mitt Romney, has been scrutinized because he, like many millionaires, pays a lower rate because most of his income came from investments, which are taxed at a lower rate.
The IRS report attracted the attention of Republicans, who said it undercut the president's argument on taxes. "If Obama wants people to pay their 'fair share,' perhaps he should start with his own staff,"tweeted Republican National Committee chairman Reince Priebus.
White House officials noted that the delinquency rate among executive office staff had fallen from nearly 3 percent in 2008. In 2009, 41 employees in the president's executive office owed about $830,000, representing about 2.3 percent of its workforce.
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