Saturday, August 29, 2009

The Absent Minded Chairman

When normal people happen to "find" their own money, it might mean a twenty left in a winter coat, or discovering change beneath the sofa cushions.

But if you're Charlie Rangel, it means doubling your net worth.

Earlier this month the Chairman of the tax-writing Ways and Means Committee "amended" his 2007 financial disclosure form to the tune of more than a half-million dollars in previously unreported assets and income.


That number may be as high as $780,000, because Congress' ethics rules only require the Members to report their finances within broad ranges. This voyage of personal financial discovery brings Mr. Rangel's net worth for 2007 to somewhere between $1.028 million and$2.495 million, while his previous statement came in at $516,015 and$1.316 million.

This is the fellow that essentially writes the rules - his excuse was that the he simply didn't understand them.

Hello - McFly!

Here is a link to the Wall Street Journal's full story on this dirtbag:

http://online.wsj.com/article/SB10001424052970203706604574376720192072820.html

Wednesday, August 26, 2009

Town Hall Generation Gap

Have any of you folks seen any of the snippets of video from the recent Town Hall meetings and Tea-Party rallies?

Next time you do, take a look a the age of the attendees. A lot more older citizens than I'd expect. I'd guess that the over-55 crowd vastly outnumbers the under 35 crowd. The classic generation gap.

Maybe it's just me, but it seems that with the national debt rapidly moving toward that $10 TRILLION level, the folks that would be the most concerned would be the younger generations.

After all, those are the ones that will end up with the impossible task of paying the bill.

"Impossible" task you may ask?

There are two ways to look at it. First it is impossible because most of the Obama voters were hoping for a free-ride in years to come. Obama promised them a land of milk and honey with no effort needed on their part. Do you think the idiots that bought this line of crap will pitch-in and work hard to retire this gargantuan debt?

No way Jose.

Yet again, there is the dollars-and-cents approach to retire Obama's "impossible" debt.

There are about 300 million citizens in the US.(I won't bother to count the 40 million illegal aliens that are being exempted from taxes by the amnesty bill).

The median income per household member (including all working and non-working members above the age of 14) was $26,036 in 2006. In 2006, there were approximately 116,011,000 households in the United States

$10 trillion divided by 116 million figures out to over 85 thousand dollars from each an every one of us - just to retire the debt. Note that these are EXTRA dollars that must be added onto our regular income taxes if the debt is going to be retired. This also assumes that Pelosi and Reid will never again waddle up to the trough for more money - good luck with that.

Pretty hard to do if the median household income in 2007 was only $50,233.00!

Saturday, August 1, 2009

Get Off My Lawn!

If you saw the movie "Gran Torino", you know what the title means.
The main character, Walt Kowalski, was a member of the Greatest Generation. American patriots and heroes that fought during World War II and Korea were the greatest any society has produced

Tom Brokaw wrote in his 1998 book The Greatest Generation, "This is the greatest generation any society has produced." The men and women fought not for the fame and recognition, but because it was the right thing to do. When they came back they rebuilt America into a Superpower.

I agree 100% with Brokaw on this topic.

The Greatest Generation beget the Baby Boomers, of which I am a member. Baby boomers are a cheaper cut.

If my generation is a cheaper cut, then Obama's generation - generation X is the hamburger generation.

"Generation Next", The Millennials, or "Generation Y", might be described as the rotting offal generation.

Next in line, Generation Z (those born 1990 and after), are the “used food generation”.

Used fooders were able to cast their very first Presidential votes in 2008. Very few of them did, however those that did vote voted mostly for Obama.

The Millennials and Generation Z are lazy, poorly educated, arrogant, with little if any grasp at all of what real life is all about.

No wonder Walt Kowalski was a cranky old man. The country that he fought and bled for is going to hell in a hand basket. Lets try to save a little of what the Greatest Generation left to us.