Mr. Punky Kitten
Speaking truth to old-stream media bias.
Wednesday, November 26, 2014
Wednesday, November 05, 2014
Even the liberal HuffingtonPost admits Dems deserved a thumping!
OUCH 45 Democrats 3 Up For Grabs 52 Republicans DEM DISASTER... GOP Seizes Senate... Governors Bloodbath... WAR: Top Reid Aide Blasts White House 'Lip Service'... Obama 'Going To Be Aggressive' In Wake Of Drubbing...
Wednesday, October 22, 2014
Washington Post: The middle class is much poorer today than it was in 1989
Feelin' poorer every day; thanks 0bama (for not helping the middle class, but only helping the rich with the FED QE1,QE2,QEinfinity)
One of the biggest, and least appreciated reasons Democrats might be struggling, is that the middle class is poorer. Median net worth is actually lower, adjusted for inflation, than it was in 1989. Even worse, it's kept falling during the recovery.
Yes, even after the economy started to grow again, and the stock market started to boom, and housing prices began to bounce back, the median net worth of the average American household continued to decline.
This is a story about stocks and houses. The middle class doesn't have much of the former, which has rebounded sharply, but has lots of the latter, which hasn't. Indeed, only 9.2 percent of the middle 20 percent of households owns stocks, versus almost half of the top 20 percent. So the middle class has not only missed out on getting a raise, but also on the big bull market the past five years.
The only thing they haven't missed out on was the housing bust: 63 percent of that middle quintile own their homes, which are more likely to be a financial albatross than asset. And it doesn't help that, with student loans hitting $1.2 trillion, people have to take out more and more debt just to try to stay in, or join, the middle class.
It's no surprise, then, that people are still so gloomy about the economy. The recovery just hasn't been much of one, if at all, for most of them. Middle class wages are flat, and their wealth is still falling. At least during the bubble years, rising home prices gave people access to credit that helped mask their stagnant wages. But no more. Home equity lines of credit are down almost 25 percent from their peak, and are still declining. The middle class, in other words, can't borrow from the future to pretend that the economy is working for them today.
But people won't be happy until they don't have to pretend anymore.
Thursday, August 21, 2014
Philadelphia Federal Reserve
Thursday, August 07, 2014
0bama doesn't remember what he promised in early 2012
The plan would lower the nation's corporate tax rate to 28 percent. At the same time, Obama wants to boost overall revenue from corporate taxation by banning numerous deductions and loopholes that save companies tens of billions of dollars a year on their tax bills.
The current U.S. corporate tax rate of 35 percent is one of the highest in the world.
Despite some disagreements, Republicans and Democrats have shown support for a tax strategy that reduces rates across the board while eliminating special-interest loopholes.
Friday, May 16, 2014
Obama: GOP captured by rigid ideology of 'no'
- NO to big government
- NO to socialism
- NO to stealing my money
- NO to spending on big government waste
- NO to holding back the economy
- NO to bureaucracy which is totally inefficient
- NO TO YOU BUSTER!
Thursday, April 17, 2014
Fwd: 2014-04-17 07:46
Is Snowden secretly a double agent for O?
Holy Crap! Edward Snowden just showed up via video for Putin's Moscow Q-and-A!
Snowden asks Putin if Russia intercepts phone calls and stores information like the US does
Putin tells Snowden that Russia does not collect or store mass data on it's citizensVIDEO: Edward Snowden makes surprise appearance at Vladimir Putin press conference http://t.co/sSPLG9CaBI
> crazy notions....I can tell you that my blood boils when. I think of the traitorous packs in the past and then in the continuing future of snowden. you not only endangered the security of countless numbers of Americans. but he also exposed law abiding citizens and and humiliated the current administration and past administration and also undermined the effectiveness of our lawful data collection that was specifically designed to protect us
Fwd: 2014-04-17 06:28
Heritage: 2014 Tax Day Chart: Who Pays the Most?
Which taxpayers experience the greatest tax burden—and who pays the most in taxes?
As Americans navigated the labyrinthine tax code ahead of tax day, many felt the sting of the President's myriad tax increases.
Despite calls for more taxes on the rich, the Heritage chart shown above reveals that the recent tax increases disproportionately affect the working wealthy.
The top 10 percent of all income earners paid 71 percent of federal income taxes in 2010, yet they earned 45 percent of all federal income. Compare that to the bottom 50 percent of earners, who earn 12 percent of income yet pay only 2 percent of federal income taxes.
So when Obama and advocates of higher federal taxes opine that the rich do not pay their "fair share," they are correct—affluent income-earners pay a whole lot more than they would pay if we had a proportional tax code instead of the highly progressive one we have today.
Monday, March 24, 2014
A Timeline of Obamacare Delays
Obamacare is now four years old. But unlike most 4-year-olds, it still can’t walk on its own. It’s been tripping and falling over itself for years.
Just in the last year, the Obama administration has delayed or changed so many parts of the law—not to mention the technical “glitches”—it’s tough to keep up. Bloomberg Businessweek looked at the law’s recent track record and inspired us to take a visual tour.
- APRIL 1, 2013 - The White House announces the Obamacare marketplaces won’t be able to handle the menu of health plans originally promised.
- JULY 2, 2013 - Obamacare’s employer mandate that requires all employers with 50 or more employees provide coverage to full-time workers gets delayed one year.
- SEPT 26, 2013 - The Obama administration announces that small businesses won’t be able to buy coverage in the online small business marketplace until November.
- OCT 1, 2013 - HealthCare.gov launches with major glitches, and Americans face a wall of silence from bureaucrats when looking for explanations.
- OCT 23, 2013 - The deadline to buy coverage without a penalty gets pushed to March 31. Soon after, the Obama administration continues to avoid questions on Obamacare enrollment numbers.
“I want to apologize to you that the website is not working as well as it should.” —Marilyn Tavenner, administrator of the Centers for Medicare and Medicaid Services
- NOV 14, 2014 - The President presents a “fix” for the millions of Americans who received insurance cancellation notices because of Obamacare. His solution would allow 2013 insurance plans “to be grandfathered in.” But not everyone was on board.
“Changing the rules after health plans have already met the requirements of the law could destabilize the market.” — Karen Ignagni, CEO, America’s Health Insurance Plans
- NOV 27 - Obamacare’s online small business exchange is delayed another year.
- DEC 1, 2013 - HealthCare.gov is re-launched and “fixed.”
- DEC 12, 2013 - The White House extends the deadline to December 23 to get coverage that begins January 1. It also announces requiring insurers to accept payments until December 31.
- DEC 18, 2003 - Insurance companies agree to the White House’s request to accept late payments. America’s Health Insurance Plans (AHIP) released this statement:
“Consumers who select their plans by December 23 and pay their premiums by January 10 will be able to have coverage effective January 1.”
- DEC 23, 2013 - The White House moves the deadline to enroll for January 1 coverage again—to the next day, December 24.
- DEC 24, 2013 - Consumers who encountered technical difficulties and could not complete their applications on HealthCare.gov by December 24 are given more time.
- FEB 10, 2014 - The Obama administration announces that businesses with at least 50 full-time employees (but fewer than 100 full-time employees) won’t be subject to the employer mandate until 2016 if they meet certain conditions.
- MARCH 5, 2014 - The millions of Americans who lost their individual insurance because their health plans didn’t meet requirements in Obamacare can keep their old plans (if they’re still available) as late as October 2016—avoiding a new round of cancellations during the 2014 election season.
- MARCH 32, 2014 - Thus far, the White House says it will not budge on the March 31 deadline to enroll. Uninsured people must choose a plan or will be forced to pay a penalty.
Read the Morning Bell and more en español every day at Heritage Libertad. All photos - Pete Souza and Newscom.
Friday, March 21, 2014
Have You Saved $2,500 Lately
- WOW: The administration is still living in the dream of yesteryear’s promises. A White House set of frequently asked questions on “health reform” still assures visitors that their premiums and health care costs will not go up—and that they can keep their plans and doctors.
President Obama recently admitted that Obamacare will cause some Americans to lose their doctors. Some have suggested that his promise “If you like your doctor, you can keep your doctor” should be 2014’s “Lie of the Year.” But what about his promise that Obamacare would lower premiums by $2,500 per family?
As we—what’s the opposite of celebrate?—the fourth anniversary of Obamacare’s passage this weekend, Americans have already seen their premiums double or even triple. And premiums aren’t finished going up.
Next year’s rates won’t be released until this summer, but The Hill recently spoke to insurance company officials and got a frightful preview of where they’re headed. One “insurance official, who hails from a populous swing state, said his company expects to triple its rates next year on the Obamacare exchange.”
This year’s pricing in the new Obamacare exchanges raised premiums for people buying in the individual market in at least 42 states. >>>See how much their premiums went up, by state
But none of this has been a surprise to Heritage’s health care experts.
Back in 2010, Heritage experts said that “one of the major impacts” of Obamacare was that “individuals and families will see higher health insurance premiums.” In fact, they listed 12 reasons premiums would be going up. Obamacare’s mandated benefits topped the list:
Obamacare mandates that insurance companies cover a minimum package of benefits. The more comprehensive and generous the insurance, however, the more expensive it will be.
At that time, Heritage’s Brian Blase and Rea Hederman cited the president’s promise of the $2,500 premium discount—and said sorry, this is merely wishful thinking.
Despite this promise, President Obama’s wishes do not trump basic supply and demand or common sense. If government requires that a product be made more generous and be available to more individuals, its cost will increase. There is no way around the fact that the vast majority of Americans will be paying higher prices for their insurance because of Obamacare.
The administration is still living in the dream of yesteryear’s promises. A White House set of frequently asked questions on “health reform” still assures visitors that their premiums and health care costs will not go up—and that they can keep their plans and doctors.
Photo credit: Pete Souza
Morning Bell at Heritage Libertad.
I don't follow basketball anyway.
Thursday, March 20, 2014
Actual deficit for 2013 closer to $1 Trillion, not $680 Billion
Despite the Obama administration touting a budget deficit of "only" $680 billion in 2013, the GAO's more accurate accounting shows a total government cost of $3.8 trillion on total revenue of $2.8 trillion.
In other words- the administration wasn't exactly honest with the American people- the deficit was more like $1 trillion, not $680 billion.
The Obama administrationt LIED to us and the GAO has finally ponied up the truth.
Monday, March 17, 2014
0bama NCAA Tournament match-ups
The NCAA Tournament match-ups were announced Sunday evening, and President 0bama will no doubt be filling out his brackets very soon.
David passed along a bracket as well:
It doesn’t hurt to dream. pic.twitter.com/9wMXO83IVs
Re: Intermediate Designer, TDC job
- Name: Mr. Punky Kitten
- Location: Western Pennsylvania
- Happy Thanksgiving
- Even the liberal HuffingtonPost admits Dems deserv...
- Washington Post: The middle class is much poorer t...
- Philadelphia Federal Reserve
- 0bama doesn't remember what he promised in early 2...
- Obama: GOP captured by rigid ideology of 'no'
- Fwd: 2014-04-17 07:46
- Is Snowden secretly a double agent for O?
- Fwd: 2014-04-17 06:28
- A Timeline of Obamacare Delays
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