Monday, March 22, 2010

Steve Gunn: Remember, we deserve the government we get

Steve Gunn: Remember, we deserve the government we get
"The point is that some people, despite their best intentions, should never be elected to public office in the first place. They only get elected, and remain in office, because we the voters are too lazy to pay attention to what’s happening in local government.

Luckily, there is a group forming that wants to increase citizen participation in local government and demand accountability from local officials.

The Muskegon Patriots are a fledgling group that rose out of last year’s April 15 Tea Party protest at Heritage Landing.

One of the group’s main goals is to recruit and train citizens to attend local government meetings, ask tough questions and report back to the rest of the community through blog entries."

Breakdown of Medicare Expenditures


Breakdown of Medicare Expenditures Mercatus
"In addition, growing deficits in the Hospital Insurance Trust Fund will need to be proactively addressed by new legislation to avoid a future interruption of service.
Medicare funding must be cut; these cuts must be deliberate, not due to a legislative loophole."

Big meeting tomorrow 1:00PM!


There will be an open "planning session" meeting of the full Muskegon county board tomorrow from 1-3:00 PM at the Muskegon County convention and visitors bureau building.
That's the old train station across from the Eagles, corner of 7th and Western.

All citizens are legally entitled to attend.

On the agenda will be discussion about:
1. Equalization and assessments.
2. The new casino in Fruitport.
3. Long range financial planning for the County.
4. The county commissioner's travel budget.
5. County purchasing policy.

This is where much of the real policy info is discussed and in the past, the commissioners have had the luxury of little citizen attendance or input.

So they could do just whatever they and those with their hands out wanted.
With little public scrutiny.

Let's change that!

I'll be there tomorrow at 12:45, outside by the front door to greet any of you patriots who will stand tall and attend.

It is YOUR future and your money they will be talking about!

See you there!


"It's the SPENDING Stupid!"

"The liberties of a people never were, nor ever will be, secure when the transactions of their rulers may be concealed from them." -Patrick Henry, revolutionary (1736-1799)

Three-card Monte and Medicare Part D


from wikipedia:
Medicare Part D - Wikipedia, the free encyclopedia
"The plan requires Medicare beneficiaries whose total drug costs reach $2,700 to pay 100% of prescription costs until $4,350 is spent out of pocket...
This coverage gap is known as the 'Donut Hole.'

The original gap between $2700 and $4350 was inserted to reduce the overall "cost" of the drug bill.

Now the "hole" has been closed so "fairness" rules.

This is the "three-card Monte" game politicians, and their willing enablers in the liberal media, have been playing for decades on us poor, unsuspecting mokes here in flyover country.

They create "savings" in one bill and "fix" it in another bill.

Quick...look....your money was here.....and now it's ......there...!

This happens dozens of times monthly at the local, state and federal level.

Will anyone stand with the Tea Party watchdogs and tell the people the truth?

Investors Chase Risk in Junk Bonds at Fastest Pace Ever

Mish's Global Economic Trend Analysis: Investors Chase Risk in Junk Bonds at Fastest Pace Ever

"The Bloomberg article said this is a sign markets are returning to normal.

Really?

Was chasing risk in summer of 2007 normal?
How well did it work out?

Let's not confuse the willingness of the greater fool to finance global junk at the highest rate ever with 'normal'.
Instead I would advise focusing on corporate real estate, credit card defaults, and especially housing starts.
The latter typically leads normal recoveries.

Music Still Playing?

But hey, everyone likes a party.
Let's party like it was summer of 2007 again.

I have the perfect quote to match.
It's from July 2007 - Quotes of the Day / Top Call
Chuck Prince: “When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing'.

The Music Stopped for Chuck Prince On November 2, 2007 when his last dance was a two-step out the door.

Rest assured things will 'get complicated' again.
I just wish I could tell you when."

What is it about "human nature" that suppresses even the most recent memory of historical/economic events?

Anger mounting over tax increases to pay for public pensions

Anger mounting over tax increases to pay for public pensions
"MoneyWatch’s editor-in-chief Eric Schurenberg predicts that public employees will soon be going through their own version of a cold reality bath as anger mounts over tax increases to pay for government pensions, and that “they can’t count on pension promises that states can’t afford to keep.”"

There won't be enough anger until the taxpayer finds out what is happening.

The liberal MSM won't report it.

Tell your friends!

Shout it from top of tall buildings!

If we let them, they will take ALL of our money.

Public Pension Deficits Are Worse Than You Think

Andrew G. Biggs: Public Pension Deficits Are Worse Than You Think - WSJ.com
"Pension plans for state government employees today report they are underfunded by $450 billion, according to a recent report from the Pew Charitable Trusts. But this vastly underestimates the true shortfall, because public pension accounting wrongly assumes that plans can earn high investment returns without risk.

My research indicates that overall underfunding tops $3 trillion.

The problem is fundamental:

According to accounting rules adopted by the states, a public sector pension plan may call itself 'fully funded' even if there is a better-than-even chance it will be unable to meet its obligations.

When that happens, the taxpayer is on the hook."

(the rest of this article is posted in the "comments section" below. Sometimes the WSJ doesn't publish the entire article. GordoM did NOT write the comment)

So, the states adopt a rule that would be illegal for private companies and lie to the taxpayer until it is too late to fix. And then they simply demand more taxes from the fools who were duped.

And they think/know we are the fools, folks!

This scam will destroy our cities and states.

And no one in public office is talking about it.

We, the people, must make noise or we'll be rolled again!

Join a Tea Party now!

http://www.teapartyofwmi.org/group/muskegonpatriots?commentId=3249824%3AComment%3A33605&xg_source=msg_com_group

Sunday, March 21, 2010

What America Will Look Like If The White House Gets Its Way

What America Will Look Like If The White House Gets Its Way
"A picture of America’s future under Obamacare can be revealed, though, after peeling away the pages and digging through the dirt.
Here’s 10 things you can expect:"

Read this and weep.

Vote no quickly or get treated 'like a piñata'

Democratic defector: Vote no quickly or get treated 'like a piñata'
"A Democrat who has long committed to opposing healthcare reform legislation has advised his fellow defectors that they should vote no early on Sunday and then immediately leave the House chamber.

Otherwise, Rep. Gene Taylor (D-Miss.) told The Hill, they will be treated 'like a piñata.'"

"Fringe Group" Controlling GOP

"Fringe Group" Controlling GOP - The New Editor
"In a 60 Minutes interview with CBS' Katie Couric, President Obama's chief of staff Rahm Emanuel calls the Tea Party movement a ''fringe group' that's taken control' of the Republican Party.

Hey, don't mess with Rahmbo:"

The Real Arithmetic of Health Care Reform

The Real Arithmetic of Health Care Reform - NYTimes.com
"Could this really be true?
How can the budget office give a green light to a bill that commits the federal government to spending nearly $1 trillion more over the next 10 years?

The answer, unfortunately, is that the budget office is required to take written legislation at face value and not second-guess the plausibility of what it is handed.

So fantasy in, fantasy out.

In reality, if you strip out all the gimmicks and budgetary games and rework the calculus, a wholly different picture emerges:

The health care reform legislation would raise, not lower, federal deficits, by $562 billion."

YouTube - Key House Democrat: "There Are No Rules Here ... We Make Them Up As We Go Along"

YouTube - Key House Democrat: "There Are No Rules Here ... We Make Them Up As We Go Along"

Saturday, March 20, 2010

Bank regulators given big bonuses

Bank regulators given big bonuses
"Just as bank executives got bonuses despite taking on dangerous amounts of risk, regulators got taxpayer-funded bonuses despite missing or ignoring signs that the system was on the verge of a meltdown.

The bonuses were part of a reward program little known outside the government.
Some government regulators got tens of thousands of dollars in perks, boosting their salaries by almost 25 percent. Often, though, rewards amounted to just a few hundred dollars for employees who came up with good ideas.

During the 2003-06 boom, the three agencies that supervise most U.S. banks - the Federal Deposit Insurance Corp. (FDIC), the Office of Thrift Supervision (OTS) and the Office of the Comptroller of the Currency (OCC) - gave out at least $19 million in bonuses, records show.

Nearly all that money was spent recognizing 'superior' performance.

The largest share, more than $8.4 million, went to financial examiners, those employees and managers who scrutinize internal bank documents and sound the first alarms.

Analysts, auditors, economists and criminal investigators also got awards."

In Wal-Mart Intercom Incident, AP 'Forgets' Critical Story Element in Company's Defense

In Wal-Mart Intercom Incident, AP 'Forgets' Critical Story Element in Company's Defense
"Gosh, if I didn't know better, I'd think that the AP was keeping information from its national readers and subscribers in an attempt to make a favorite target of the left look bad.
Those hallowed keepers of the journalistic flame at the self-described 'Essential Global News Network' wouldn't do that ... would they?"

WWII: The most racist generation

WWII: The most racist generation
"Was the 'Greatest Generation' just a bunch of racists? Actor and producer Tom Hanks, promoting his new World War II series 'The Pacific,' suggested that the war with Japan was really all about American intolerance; and by the way, so is the war on terrorism."

RATINGS: With a little luck, MSNBC might catch up to the Hallmark Channel….

RATINGS: With a little luck, MSNBC might catch up to the Hallmark Channel….

Migrants get colleges' nod

Migrants get colleges' nod
"The State Community College Board cast a final vote Friday to admit illegal immigrants at the 58 community college campuses.
Illegal immigrants will have to pay out-of-state tuition, about $7,700 a year, and they can be removed from a class if it is full and a legal resident wants in."

State-Owned Banks: The Future of Banking?

State-Owned Banks: The Future of Banking? - ABC News
"Stories like Wanner's are sparking interest from state officials outside of North Dakota, who see the 91-year-old Bank of North Dakota as a model of what they could do to revive troubled business lending in their own home states.
Most recently, in Michigan, Democrats in the state senate and Michigan gubernatorial candidate Virg Bernero began pushing to establish a state-owned bank similar to North Dakota's."

More demands for government ownership of private enterprise.
USSR anyone.........?

Blockbuster on Muskegon's Henry St. closing as firm reorganizes after losses

Blockbuster on Muskegon's Henry St. closing as firm reorganizes after losses
"Muskegon will lose one of two Blockbuster movie rental stores on April 18."

Just wait until the indian casino opens up in Fruitport.
They'll suck out more dollars and businesses from our community.

Muskegon Heights downtown development authority chairman resigns after alleged improper land sales

Muskegon Heights downtown development authority chairman resigns after alleged improper land sales
"James Anthony, board chair of the Muskegon Heights Downtown Development Authority, resigned Friday amid allegations that he sold property without the full board's knowledge."

Another crook in a town full of crooks.

Thursday, March 18, 2010

What Makes a Guy 'Undateable'?


What Makes a Guy 'Undateable'? Oh, Any of 311 Different Things
"Speedos:
OK, this also made 'Undateable''s list, but we feel the need to reiterate, as it was the first Tourette's-like exclamation out of our mouths."

Leprechaun bank robber shot dead

Leprechaun bank robber shot dead
"Two bank robbery suspects, one dressed in a green leprechaun costume, have been shot dead after a St Patrick's Day chase and shootout with US police in Tennessee."

Wednesday, March 17, 2010

Man convicted in Muskegon County for embezzlement, receives $9.1 million state tax credit

Man convicted in Muskegon County for embezzlement, receives $9.1 million state tax credit
"Among his parole conditions: He is barred from having a checking account, charge account or credit card. He is also barred from leaving Michigan.

“This case is alarming,” Tague said after learning of the multi-million-dollar tax credit.
“It shows the ineptness at the state level of our government.
Not only are we doing a wholesale release of prisoners from our prison system, but we’re granting major financial rewards to parolees."

Tuesday, March 16, 2010

Cahill rips governor on health care plans

Cahill rips governor on health care plans - BostonHerald.com


"“If President Obama and the Democrats repeat the mistakes of the health insurance mandate on a national level, they will bankrupt this country within four years,”

Cahill said.

“It is time for the President and the Democratic leadership to go back to the drawing board and come up with a new plan that does not threaten to wipe out the American economy.”"

Obama Orders Army NOT To Fly U.S. Flag in Haiti « Publius Forum

Obama Orders Army NOT To Fly U.S. Flag in Haiti « Publius Forum: "Obama Orders Army NOT To Fly U.S. Flag in Haiti"

Mish's Global Economic Trend Analysis: The $2 Trillion Public Pension Hole and What You Can Do About It

Mish's Global Economic Trend Analysis: The $2 Trillion Public Pension Hole and What You Can Do About It: "Populist Rage

That was page one of a three page article. I encourage everyone to read it all.

I am very grateful to Barron's for the opening sentence 'LIKE A CALIFORNIA WILDFIRE, populist rage burns over bloated executive compensation and unrepentant avarice on Wall Street.'

I get a lot mail suggesting I have been giving too much attention to unions and pensions. In reality, I have not been giving enough attention to the issue, or at least bloggers in general haven't.

There are a dozen blogs covering every aspect of the housing bubble, bailouts, and wall street salaries. Yet I am aware of no other major blogs covering the enormous pension problem in depth. Moreover, I have hardly shied away from bailout fraud, calling for the indictment of Geithner, Lewis, Bernanke and others on numerous occasions. Here is a list."

Obama's illusions of cost-control

Obama's illusions of cost-control - washingtonpost.com
"How often, for example, have you heard the emergency-room argument?

The uninsured, it's said, use emergency rooms for primary care.
That's expensive and ineffective.
Once they're insured, they'll have regular doctors.
Care will improve; costs will decline.
Everyone wins.
Great argument.
Unfortunately, it's untrue.

A study by the Robert Wood Johnson Foundation found that the insured accounted for 83 percent of emergency-room visits, reflecting their share of the population."

The main reason is the liberal MSM "reports" EVERYTHING the lying liberals tell them.

Joint Strike Fighter Massively Behind Schedule, Over budget

Joint Strike Fighter Massively Behind Schedule, Over budget - HUMAN EVENTS
"If the F-35 Lightning falls further behind, it will not only be bad news for the Air Force and it's fighter gap.
The Navy estimates it could be short 250 fighters in five years.

Levin called it 'a shortfall that's large enough that if it were realized could cause us to tie up aircraft carriers at the pier for lack of aircraft to send with them."

YIKES!
This is a big deal!

Obama Aides See ‘Extended Period’ of Unemployment


Obama Aides See ‘Extended Period’ of Unemployment
"U.S. employers won’t hire enough workers this year to lower the jobless rate much below the level of 9.7 percent reached in February, three Obama administration economic officials said today.

The proportion of Americans who can’t find work is likely to “remain elevated for an extended period,” .....
Treasury Secretary Timothy F. Geithner, White House budget director Peter Orszag and Christina Romer, chairman of the Council of Economic Advisers, said in a joint statement.

The officials said unemployment may even rise “slightly” over the next few months as discouraged workers start job-hunting again."
The ghost of Jimmy is descending on BarryO.
And that ain't good for Americans.

GRASSroots group to hold second meeting

GRASSroots group to hold second meeting
"The group, also known as GRASS, plans to focus the meeting on three specific areas of interest: city employees' health insurance benefits package, city employee wages and wage increases, and the city's pension system, representatives told 24 Hour News 8.

The health insurance benefits package is too expensive, GRASS alleges, and wages for city employees have surpassed comparable jobs in the private sector.
Group representatives also claim the city's pension system is not sustainable."

85% of the disposable spending of most cities is on employee/retiree compensation.

It's about time some group investigated where our public dollars are going.

You go GRASS!