Posts Tagged ‘ Government Take Over ’

North Korea Making Missile Able To Hit The U.S.

Intelligence indicates that North Korea is moving ahead with building its first road-mobile intercontinental ballistic missile, an easily hidden weapon capable of hitting the United States, according to Obama administration officials. The intelligence was revealed in a classified Capitol Hill briefing last month. Its existence was made public in a letter to Defense Secretary Leon E. Panetta from five House Republicans. “As members of the House Armed Services subcommittee on strategic forces …, we write out of concerns about new intelligence concerning foreign developments in long-range ballistic missile development, specifically ballistic missiles capable of attacking the United States,” the Nov. 17 letter said. “We believe this new intelligence reiterates the need for the administration to correct its priorities regarding missile defenses, which should have, first and foremost, the missile defense of the homeland.”

Officials familiar with the intelligence said government analysts believe the missile could be a variant of North Korea’s new Musudan intermediate-range missile, first disclosed publicly in October 2010. The CIA assesses that North Korea also has a substantial arsenal of chemical weapons. North Korea was a party to the Nuclear Non-Proliferation Treaty but withdrew in 2003, citing the failure of the United States to fulfill its end of the Agreed Framework, a 1994 agreement between the states to limit North Korea’s nuclear ambitions, begin normalization of relations, and help North Korea supply some energy needs through nuclear reactors.

On October 9, 2006, the North Korean government issued an announcement Continue reading

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Judge Strikes Down Obamas Healthcare As Unconstitutional

U.S. District Judge Roger Vinson ruled that the reform law’s so-called individual mandate went too far in requiring that Americans start buying health insurance in 2014 or pay a penalty.

In a lawsuit filed by 26 states and led by Florida, Judge Roger Vinson said the requirement that individuals buy health insurance is unconstitutional. The federal government considers the requirement critical to implementing the reforms. FULL TEXT OF THE BILL HERE: H.R. 4872

Vinson used Obama‘s own position from the 2008 campaign against him, when the then-Illinois senator argued there were other ways to achieve reform short of requiring every American to purchase insurance.

In his footnotes, Judge Vinson points out the hypocrisy of Candidate Obama vs. President Obama.

Indeed, I note that in 2008, then-Senator Obama supported a health care reform proposal that did not include an individual mandate because he was at that time strongly opposed to the idea, stating that “if a mandate was the solution, we can try that to solve homelessness by mandating everybody to buy a house.”

Vinson wrote in a footnote toward the end of his 78-page ruling Monday. Most legal scholars expect one of the suits to reach the U.S. Supreme Court. Individuals, advocacy groups and hospitals have also sued. Summary: Health Care Reform Bill H.R. 4872

Here are details of the current state of legal challenges to the law:

RECENT DECISIONS

* A U.S. federal judge in Florida said Congress exceeded its authority in requiring Americans to buy health insurance and imposed an injunction against the law. Judge Roger Vinson said the entire law “must be declared void” because the requirement is inextricably linked to other parts of law. The federal government is expected to appeal the decision, and will likely seek a stay of the ruling pending review of the appeal. Continue reading

Tax Hikes in Obamacare

[PDF version]

Next week, the U.S. House of Representatives will be voting on an historic repeal of the Obamacare law.  While there are many reasons to oppose this flawed government health insurance law, it is important to remember that Obamacare is also one of the largest tax increases in American history.  Below is a comprehensive list of the two dozen new or higher taxes that pay for Obamcare’s expansion of government spending and interference between doctors and patients.

Individual Mandate Excise Tax(Jan 2014): Starting in 2014, anyone not buying “qualifying” health insurance must pay an income surtax according to the higher of the following

1 Adult 2 Adults 3+ Adults
2014 1% AGI/$95 1% AGI/$190 1% AGI/$285
2015 2% AGI/$325 2% AGI/$650 2% AGI/$975
2016 + 2.5% AGI/$695 2.5% AGI/$1390 2.5% AGI/$2085

Exemptions for religious objectors, undocumented immigrants, prisoners, those earning less than the poverty line, members of Indian tribes, and hardship cases (determined by HHS)

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Obama Attack Social Security

Obama’s tax compromise not only gives a 700 billion dollar tax break to billionaires but has an even more dangerous aspect. It is the Trojan horse provision that threatens to destroy Social Security by undermining the longterm solvency of the social insurance system. Obama is proposing to knock 2 per cent off deductions that every worker regularly contributes to the Social Security Trust Fund. Social Security is funded by a 6.2 percent payroll tax on the first $106,800 earned by a worker. The tax is matched by employers. The package negotiated by Obama would reduce the tax paid by workers to 4.2 percent for 2011. Continue reading

The Bush Tax Cuts

The Bush tax cuts refers to two laws created and passed during the presidency of George W. Bush that generally lowered tax rates and revised the code specifying taxation in the United States. These were the:

The Economic Growth and Tax Relief Reconciliation Act of 2001 (Pub.L. 107-16, 115 Stat. 38, June 7, 2001), was a sweeping piece of tax legislation. It is commonly known by its abbreviation EGTRRA, often pronounced “egg-tra” or “egg-terra”, and sometimes also known simply as the 2001 act. The Act made significant changes in several areas of the US Internal Revenue Code, including income tax rates, estate and gift tax exclusions, and qualified and retirement plan rules. In general, the act lowered tax rates and simplified retirement and qualified plan rules such as for Individual retirement accounts, 401(k) plans, 403(b), and pension plans. Many of the tax reductions in EGTRRA were designed to be phased in over a period of up to 9 years.

One of the most notable characteristics of EGTRRA is that its provisions are designed to sunset, or revert to the provisions that were in effect before it was passed. EGTRRA will sunset on January 1, 2011 unless further legislation is enacted to make its changes permanent. The sunset provision sidesteps the Byrd Rule, a Senate rule that amends the Congressional Budget Act to allow Senators to block a piece of legislation if it purports to significantly increase the federal deficit beyond a ten-year term. In addition to the tax cuts implemented by the EGTRRA, it initiated a series of rebates for all taxpayers that filed a tax return for 2000. The rebate was up to a maximum of $300 for single filers with no dependents, $500 for single parents, and $600 for married couples. Continue reading

Barack Obama’s Father Was Murdered In Kenya

American tabloid Globe claims the President’s mysterious father was murdered in Kenya. Barack’s sister reportedly makes the allegations in a chilling new book.”MythBusters”: His father was not killed in a car accident in 1982, as was reported, but was murdered. So goes a family theory investigated by Peter Firstbrook in his history of President Barack Obama’s African side of the family, “The Obamas,” and dissected by Obama biographer David Remnick in a post today on the New Yorker’s website. Barack Obama’s extended family paints a colorful picture, and it’s one he’d probably prefer you not see. Attempting to research his family, including all his father’s wives and mistresses, and all his half-siblings, Obama shares a father with seven half-siblings, and a mother with one.

Barack Obama, Sr. was married to at least three women, always 2 at a time, and fathered eight children with four different women. When Barack Sr. left Kenya for Hawaii, where he met Barack Jr.’s mother Ann, he left behind a wife named Kezia, whom he married in a local tribal ceremony at age 18. They had a son named Abongo (also known as Roy or Malik), born in 1958, and at the time he left for Hawaii, Kezia was pregnant with Auma, the senior Obama’s only daughter. Continue reading

John Boehner Victory Speech (Transcript)

Here is the full text of his speech, which he made at the Election Night Results Watch in the Grand Hyatt Ballroom in Washington DC:
“Let me just say this: it’s clear who the winners are tonight, and that’s the American people. Your voice was heard at the ballot box! Your voice!
“Listen, I’ll be brief, because we have real work to do – and this is not a time for celebration, not when one in 10 of our fellow citizens are out of work, not when we have buried our children under a mountain of debt, not when our Congress is held in such low esteem.
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