After decades of Democrat mismanagement and corruption … Detroit files bankruptcy. After filing for Chapter 9 bankruptcy protection, Michigan’s takeover of Detroit is the largest state takeover of a municipality in over two decades, and if successful, Detroit would avoid the biggest municipal bankruptcy ever. However, this is what happens when you promote 50 years of “blue” state Democrat, welfare state politics of high taxes, and lavish benefits packages for public and union workers. This crash was set in motion years ago, it was only a matter of time before it reached its final conclusion.
WAKE UP AMERICA … Let Detroit, Michigan serve as an example, is this what you want for the United States?
Detroit— The city of Detroit filed the largest municipal bankruptcy case in U.S. history Thursday, culminating a decades-long slide that transformed the nation’s iconic industrial town into a model of urban decline crippled by population loss, a dwindling tax base and financial problems.
Gov. Rick Snyder justified approving the historic filing by reciting a litany of the city’s ills, including more than $18 billion in debt, maxed-out tax rates, the highest murder rate in 40 years, 78,000 abandoned buildings and a half-century of residential flight. He said the city failed to provide basic services to residents or pay creditors.
The Gateway Pundit has a list of the failed Democrat Mayors for the past 50 years. Detroit has not had a Republican Mayor since 1961. Sorry Dems, you own Detroit and the catastrophic events that have building to this point where they have no alternative but to file bankruptcy.
The city of Detroit filed for Chapter 9 bankruptcy protection in federal court Thursday, laying the groundwork for a historic effort to bail out a city that is sinking under billions of dollars in debt and decades of mismanagement, population flight and loss of tax revenue.
The bankruptcy filing makes Detroit the largest city in U.S. history to do so.
The filing begins a 30- to 90-day period that will determine whether the city is eligible for Chapter 9 protection and define how many claimants might compete for the limited settlement resources that Detroit has to offer. The bankruptcy petition would seek protection from creditors and unions who are renegotiating $18.5 billion in debt and other liabilities.
Barack Obama Says at Fundraiser for Democratic Senatorial Campaign in Palo Alto, CA … “We Don’t Want to Tax All Businesses Out of Business”
THE COMMUNITY AGITATOR IN ACTION, HE SAID WHAT?
You just can’t make this stuff up. As reported at CNS News, President Barack Obama said at a Democratic Senatorial campaign fundraiser in Palo Alto, CA that, “We [Democrats] don’t want to tax all businesses out of business.” HUH? Taking Obama at his word, his own words, that would mean that he is admitting he wants to tax some business out of business. And we wonder why the economy in the United States has just been awful and has not gotten any better since Obama has been president. Welcome to the non-existent Obama job recovery which has been the worst job recovery ever. Is it any wonder why so many Americans are unemployed, so many Americans are on food stamps and so many Americans have just given up looking for employment. Obama actually wants to tax some businesses out of business. This is just unreal.
President Barack Obama says Democrats “don’t want to tax all businesses out of business.”
“I know that there are a few Republicans here in the audience,” Obama said Friday at a fundraiser for the Democratic Senatorial Campaign in Palo Alto, Ca. “If you talk to us, it turns out we’re pretty common-sense folks.
“We don’t think government can do everything,” he said. “We don’t think that top-down solutions are the right way to go. We believe in the free market. We believe in a light touch when it comes to regulations.”
“We don’t want to tax all businesses out of business,” Obama said. “But we do think that there’s a role to play for government.”
So America, how’s that “Hopey-Changey” stuff working out for you?
The 5 Most Interesting Things in Barack Obama’s & Joe Biden’s Tax Returns … Obama Doed not Pay His Fair Share
From The Blaze … The 5 Most Interesting Things in the Barack Obama and Joseph Biden Tax Returns. Just when you thought you had seen in all from the class warfare President Obama and his side kick, the gaffetastic Joe Biden, we are presented with more double standards and hypocrisy. According to President Obama, Barack does not pay his fair share of taxes … High effective tax rates for thee, not for me.
The jokes on the American people again, ah-ha-ha-ha
5. President Obama’s Income Has Declined
4. The Biden’s Donated $2,000 Worth of Clothing, Boots, Toys, Pottery, etc. to Goodwill – Isn’t this something from a person who thinks that individuals of means think that they should pay more of a tax rate percentage. Nearly 30% of what the Biden’s donated was in the form of used goods no longer needed, giving clothing and goods to Goodwill and charities.
3. Vice President Joe Biden Received $30K in Social Security Benefits Last Year – The Biden’s made a combined income of $385K, including an extra $29,761 in Social Security in 2012 Vice President Joe Biden. This is more than double the amount of social security than the average retired worker collected last year. To use the Obama/Biden class warfare line, should a couple making nearly $400K really be getting double the amount in social security than the middle class? Of course social security will not even be there for the middle class.
2. The Biden’s Increased Their Charitable Donations to 1.87% of Income – This liberal tries to have the government increase taxes on the so-called rich to redistribute the wealth, yet this cheapskate only donated 1.87% of his income? UNREAL! Believe it or not, this was actually an increase from previous pathetic charitable donations. So much for Biden being a good Catholic Christian and giving 10%. So much for Biden having paid attention in Church during the parable of the Good Samaritan. His religion appear to be more of Liberalism.
1. President Obama Pays An Effective Tax Rate of 18.4 Percent- So the 1% President Barack Obama paid less in an effective tax rate than did his secretary. The audacity of some people. Obama railed on Mitt Romney for paying less of an effective tax rate than most Americans, yet guess what America … so did Obama. If he really felt so inclined that this should not happen, why did he not instruct his accountants to structure his tax return so that he paid an effective rate of 30%? Why didn’t he so it, because he is a liberal hypocrite, that’s why! Sorry, but only an individual of low character asks others to do something that they would not do themselves and lead by example.
The Hypocrite in Chief … After Demonizing the Rich, President Obama only Pays Effective Tax Rate of 18.4% for 2012
LION LYING KING: There has been no greater hypocrite to ever grace the White House than President Barack Hussein Obama … The following is subtitles. Taxes for thee, not for me.
President Barack Obama is about class warfare, he is about dividing America and now he is about hypocrisy. During the 2012 Presidential campaign Obama railed on the 1%’ers and called all those rich people who paid less than their secretaries the evil rich. Obama harped on the so-called Buffett Rule, which would require millionaires to pay at least 30% of their income in taxes. Of course this came about because the evil rich were making most of their money from investments as opposed to income, that are taxed at a different rate. During the 2012 presidential election Obama played class warfare and went after his GOP opponent Mitt Romney who paid about 14% on his income. Obama made political hay lying to the American public and using the issue that ultra-rich Warren Buffett paid less in his tax rate than did his secretary. However, in 2011 the hypocrite that resides in the White House also paid a lower effective tax rate than his secretary.
What, You thought the 30% tax for the rich was meant for me?
Guess what, Obama is even more of a hypocrite in 2012 than he was in 2011.
According the WSJ, President Barack Obama paid an effective tax rate of only 18.4%. Yup America, that’s it. For all his whining, for all his rhetoric, for all his class warfare and the rich should pay 30% … OBAMA ONLY PAID 18%. I guess this is more of the shared sacrifice that Obama talks about. Obama tells other rich folks that they are evil because they pay a low tax effective rate, yet he takes advantage of the same deductions and loop holes that everyone else does. If he was a true leader and really had the convictions of his beliefs, he would have told his accountants not to take the deductions and make it that his effective rate came to 30% for 2012. However, he did not do so because like every liberal, he wants others to pay the money, not themselves.
President Barack Obama and first lady Michelle Obama paid $112,214 in federal income taxes for 2012 on adjusted gross income of $608,611, an effective rate of 18.4%, the White House said.
The first family’s adjusted gross income—the amount after certain deductions and exemptions—was down from $789,674 the Obamas reported in 2011, when they paid total federal taxes of $162,074, an effective rate of 20.5%.
The decline was due primarily to falling royalties from sales of books Mr. Obama has written, according to tax returns released Friday. The president’s book-related earnings peaked in 2009 when he garnered about $5.6 million from two publications, “The Audacity of Hope” and “Dreams From My Father.” The royalties have fallen over time, to just under $274,000 in 2012.
The Obamas paid $29,450 in state income tax to Illinois for 2012.
Obama is truly a disgrace as President. Where is the MSM calling Obama out on his double standard hypocrisy? Personally, I do not believe in the “Buffett Rule”, but if one did and actually wanted to make it a law, one would think that they would lead by example. Not this president.
Simple Unbelievable … Where is Biden’s sacrifice?
Imagine this, a bumbling idiot like VP Joe Biden gets to rack up$459,388.65 hotel bill at tax payers expense. It is just the latest example to show all of us just how wasteful Washington DC is with our hard earned money. So many Americans are struggling, are without jobs, have lost their homes and are on food stamps. But that does not stop politicians who tell us that we must sacrifice to do none of their own. At what point is enough, enough?
Hey Barack, can you believe these fools actually reelected us and actually believed we were for the middle class?
Vice President Biden and his entourage spent a little time in London in early February during his first foreign trip of the second term of the Obama administration. A document released today revealed that the cost of lodging in London alone was close to half a million dollars. The contract was awarded on January 30, 2013 to the Hyatt Regency London for a total of $459,388.65.
AFTER 4 YEARS SENATE DEMOCRATS PASS A BUDGET WITH $1 TRILLION IN TAX HIKES …
For the first time in four years the Democrat controlled US Senate has passed a budget. From the looks of it they shouldn’t have bothered. The budget plan was passed by a 50-49 vote in the Democratic-controlled chamber, with 4 Democratic senators facing tough re-election campaigns in 2014 joined all the Senate Republicans in opposing the measure. Max Baucus (D-MT), Mark Begich (D-AK), Kay Hagan (D-NC) and Mark Pryor (D-AR) all voted against the Democrat budget. It is just a coincidence that all four Democrats are up for reelection in 2014 “Red” states. Vulnerable Senate Democrats like Mary Landrieu (LA), Mark Warner (VA) and Tim Johnson (SD) should be made to pay a price in the 2014 elections for supporting the budget. Simply incredible, after four years of not doing their job, the budget that Democrats pass is chock full of new spending, taxes and a vote against actually balancing it. Oh wait, did we mention it just taxes, taxes and taxes?
From The Hill:
Centrist Sens. Kay Hagan (D-N.C.), Joe Manchin (D-W.Va.), Joe Donnelly (D-Ind.), Mark Pryor (D-Ark.), Mark Begich (D-Alaska), Heidi Heitkamp (D-N.D.) and Max Baucus (D-Mont.) were all non-committal up until the end.
Baucus, Begich, Hagan and Pryor joined the entire GOP caucus in voting against the budget resolution. Sen. Frank Lautenberg (D-N.J.), who was ill, missed the vote. His office said he would have been available to vote if needed.
All the Democratic senators who voted “no” are up for reelection in 2014 in states that voted for GOP nominee Mitt Romney.
Democrats had been dogged by criticism for failing to approve a budget resolution since 2009 and the vote removes that GOP talking point from the political scene.
No wonder Senate Democrats had not passed a previous budget prior to Obama’s reelection. The Senate budget has a 0% chance of passing The House.
Sequester for Thee, Not for Me … Bo the Obama Dog Keeps His Motorcade, WH Calligraphers & Never Ending Air Force One Travel, But Children Prevented from Touring White House
Sequester for Thee, Not for Me …
Never has there been a president who cared less about the plight of the American people and acted more like King Louis the XVI’s than President Barack Hussein Obama. It is simple shameless that Barack Obama would inflict pain upon the American people through sequestration to make his childish point and attempt to score political points. Obama is the president who continually talks about shared sacrifice and that every ne must have skin in the game. One would think that he might start with himself and lead by example. That is what a leader would do. However, Obama is no leader. He is a community agitator whose sole job is to keep people at each others throats. Barack Obama is a petty president and it has never been witnessed more just how “small” he is than his threats of the end of times when sequestration took place and his efforts to make sure that “We the People” felt pain, rather than just making cuts that every responsible American has had to do in the past 4 years.
Iowa School children beg Obama to keep tours open. Had it been a Republican President, the MSM would have reported … Obama tells children to pound sand.
As the White House has stated that the tours will end and school children across America who had trips planned are SOL, all in the name of sequester cuts. However, sequestration has not stopped Barack Obama from going about his normal daily life. As government workers are furloughed, Obama tells tourists they can no longer visit the White House, Obama claims long lines will be experienced at airports and he lets illegal aliens loose in the US because of sequestration, one has to wonder what cuts Obama and the first family will feel? In the past, as reported at the Gateway Pundit via Business, Obama finds the money to take his motorcade with Bo, the first dog, to travel to PetSmart. Does anyone think that Obama will be losing his motorcade? How about less travel time on Air Force One?
The National Parks yearly budget for the White House visitors center is about $9 million or the cost to operate Air Force One for approximately 51 hours. But Obama supposedly cares about the children. BS! And of course the White House has no problem in keeping three calligraphers for a total if $277K a year.
Just curious, if Obama cannot handle 2.3% cuts from government programs without claiming that the sky will fall and such cuts would bring the end of times, how are we supposed to take him serious that he would reform entitlement programs like Medicare, Medicaid and welfare and programs like Social Security?
While President Barack Obama has spent weeks warning of the dark consequences of across-the-board budget cuts, there’s one area of government where his staff has failed to calculate their impact: the White House itself.
Obama administration spokesman Jay Carney told reporters Thursday that “detailed decisions” have yet to be made about how the administration would meet a projected $24 million reduction to the executive office budget, which may include furloughs of presidential aides and other employees.
“I’m not going say that this person is going have to be furloughed today, if that hasn’t happened yet and we don’t know when that will happen specifically,” he said.
The law requires the executive office of the president, which has about 2,000 employees, to cut approximately $24 million out of its $711 million fiscal year 2013 budget request, according to a report by the White House Office of Management and Budget released the day the reductions came into effect.
Barack Obama, the Lying King: White House Econimic Adviser Gene Sperling Admits WH Proposed Sequester After Obama Lied About It in Debate
BARACK OBAMA, THE
LION LYING KING: SEQUESTRATION EDITION …
Yesterday on NBC’s ‘Meet the Press,’ White House economic adviser Gene Sperling admitted that, yes, in fact, the sequestration was President Obama’s plan, even though Obama lied about it during the 2012 Presidential debates and more recently. Obama claimed that the sequester was not his idea and something he did not propose. Mr. President, YOU LIE!
“We put forth the design of” the sequestration, Sperling finally admits after a long back-and-forth
What is interesting is that the liberal MSM actually did pursue this story. Although it happens of rarely as Halley’s Comet, David Gregory did make Gene Sperling twist in the wind until he finally admitted that the sequestration was Barack Obama’s idea. Weasel Zippers asks, could there be some hope for the MSM to actually hold this administration accountable? Probably not, but anything is better than the nothing that we have observed for the past 4+ years. Which begs the question, what shape would the country be in and would have Obama ever been reelected, let alone elected if the MSM had done their job and held Obama’s feet to the fire?
From Ann Althouse comes the portion of the transcript regarding WOODWARDGATE:
DAVID GREGORY: Here was an e-mail from you to Bob Woodward that was released. In it: “I do truly believe you should rethink your comment about saying that the president asking for revenues is moving the goalpost. I know you may not believe this, but as a friend, I think you will regret staking out that claim.” When you said “you will regret staking out that claim,” what did you mean?
GENE SPERLING: I meant that, while the first issue of whose idea it was, the sequester, was one I disagreed with him on but I could see how honorable people could disagree. I was trying to explain to him, from a substantive point of view, that the idea that the president of the United States was moving the goalpost by asking for the type of balance of tax reform that raised revenues, that the Speaker Boehner himself, as you noted, had called for, as well as long-term entitlements, together, to get rid of the sequester, was not only not moving the goalpost: That was the whole idea of the sequester. And I think that e-mail was cordial. It was substantive. It was polite.
DAVID GREGORY: But you say, “You’re going to regret it.” I mean, does the president think that’s a good idea to say to reporters, to challenge them that, “You’re going to regret staking out that claim”?
Economy Surges in America’s Low Tax, Energy Rich, Pro-Business Red State Growth Corridors … Obamanomics Disproved Yet Again
OBAMANOMICS: EPIC FAILURE …
It is no coincidence that “RED” states with energy rich, low taxes and less oppressive government regulation are showing an economic growth in the United States as liberal “blue” states like California and Massachusetts are not. The trends show that the U.S. economic future is dominated by four growth corridors that are generally less dense, more affordable, and markedly more conservative and pro-business: the Great Plains, the Intermountain West, the Third Coast, spanning the Gulf states from Texas to Florida, and the Southeastern industrial belt. When businesses move to these areas for economic reasons, the people will follow. Imagine that, what a novel concept. Areas that are low in taxes, pro-business, energy rich states that are not afraid to unleash capitalism are a success. What do most all of the states have in common, they are “Red” states.
In the wake of the 2012 presidential election, some political commentators have written political obituaries of the “red” or conservative-leaning states, envisioning a brave new world dominated by fashionably blue bastions in the Northeast or California. But political fortunes are notoriously fickle, while economic trends tend to be more enduring.
These trends point to a U.S. economic future dominated by four growth corridors that are generally less dense, more affordable, and markedly more conservative and pro-business: the Great Plains, the Intermountain West, the Third Coast (spanning the Gulf states from Texas to Florida), and the Southeastern industrial belt.
Overall, these corridors account for 45% of the nation’s land mass and 30% of its population. Between 2001 and 2011, job growth in the Great Plains, the Intermountain West and the Third Coast was between 7% and 8%—nearly 10 times the job growth rate for the rest of the country. Only the Southeastern industrial belt tracked close to the national average.
More interesting data pointed out by Instapundit showing the migration of the population away from the high tax states. Their fear though is that will the migration of blue state liberals ruin the places to where they are going to as they have devastated the Northeast and states like California and Illinois. My personal opinion is no. The moochers and leeches will stay put looking for a government hands and entitlements. Those who are tired of the high taxes and liberal oppression are the ones who are looking for greener pastures. Or should I say “red” state pastures.
Since 2000, the Intermountain West’s population has grown by 20%, the Third Coast’s by 14%, the long-depopulating Great Plains by over 14%, and the Southeast by 13%. Population in the rest of the U.S. has grown barely 7%. Last year, the largest net recipients of domestic migrants were Texas and Florida, which between them gained 150,000. The biggest losers? New York, New Jersey, Illinois and California.
Conservative radio host Rush Limbaugh told his audience: “For the First Time in My Life I Am Ashamed of My Country”. Limbaugh went on to say that he is tired of the same old politics of fear and the sky is falling fear tactics. Its the same stuff, the same threats, blame and arguments. All we do is just continue to spend more and more and no one wants to talk about the real issue … WE cannot afford to spend any more.
Here’s Rush Limbaugh comments from today’s show:
“Ladies and gentlemen, for the first time in my life, I am ashamed of my country. To be watching all of this, to be treated like this, to have our common sense and intelligence insulted the way it’s being insulted? It just makes me ashamed.
“Seriously man, here we get worked up over 44 billion dollars – that’s the total amount of money that will not be spent that was scheduled to be spent this year.”
Limbaugh added that the government would continue to spend more money this year than last year in spite of the sequester cuts.
“I’ve said the same things over and over for 25 years,” Limbaugh said, adding that it didn’t matter who was in power. “It’s the same stuff, it’s the same threats, it’s the same arguments, over and over nothing ever changes.”
“We just keep spending more money, we create more dependency, we get more and more irresponsible one crisis to the next, all of them manufactured,” Limbaugh added. “Except for the real crisis that nobody ever addresses
and that is we can’t afford it.”
Rush Limbaugh’s complete comments can be seen and read HERE.
You are not the only one who is ashamed Rush; however, I beat you to the punch … I was ashamed when America reelected this class warfare, community agitator President to a second term.
President Barack Obama and Democrat House Minority leader Nancy Pelosi believe that Washington DC does not have spending problem. However, it is obvious to a majority of Americans that Washington has a severe spending problem.