Comments on: 90% Citizens Tax on Washington http://www.thegreatilluminator.com/blog/?p=2779 “Better to illuminate than merely to shine, to deliver to others contemplated truths than merely to contemplate.” – St. Thomas Aquinas Mon, 06 Sep 2010 13:14:04 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Rep. McCotter Spanks Colleagues over AIG Bonus Smokescreen | The Great Illuminator http://www.thegreatilluminator.com/blog/?p=2779&cpage=1#comment-673 Rep. McCotter Spanks Colleagues over AIG Bonus Smokescreen | The Great Illuminator Sun, 22 Mar 2009 01:42:58 +0000 http://www.thegreatilluminator.com/blog/?p=2779#comment-673 [...] Thaddeus McCotter (R - Michigan) openly spanks colleagues over AIG bonus smokescreen and the goofy punitive tax against evil executives. It’s good to know at least one Republican is outraged over this [...] [...] Thaddeus McCotter (R – Michigan) openly spanks colleagues over AIG bonus smokescreen and the goofy punitive tax against evil executives. It’s good to know at least one Republican is outraged over this [...]

]]> By: still proud http://www.thegreatilluminator.com/blog/?p=2779&cpage=1#comment-650 still proud Fri, 20 Mar 2009 05:40:47 +0000 http://www.thegreatilluminator.com/blog/?p=2779#comment-650 Sorry I did get off the subject a little, then a whole lot. I do not believe that a 90% tax is unconstitutional,or fair.I think taxes should be completely voluntary. And we should earmark where it is to be spent. Don't say it won't work ,look at the Catholic Church.Even now they have plenty. Give us something to believe in. Tithing has always been 10%. I know some give more. I know some don't always have extra to give.I know hell will be full of sinners not poor. Sorry I did get off the subject a little, then a whole lot. I do not believe that a 90% tax is unconstitutional,or fair.I think taxes should be completely voluntary. And we should earmark where it is to be spent. Don’t say it won’t work ,look at the Catholic Church.Even now they have plenty. Give us something to believe in. Tithing has always been 10%. I know some give more. I know some don’t always have extra to give.I know hell will be full of sinners not poor.

]]> By: still proud http://www.thegreatilluminator.com/blog/?p=2779&cpage=1#comment-649 still proud Fri, 20 Mar 2009 05:30:53 +0000 http://www.thegreatilluminator.com/blog/?p=2779#comment-649 Dodd not only approved the bill, he wrote in the clause that allowed the bonus (only because treasury made him do it).I have to ask, who is treasury? Why isn't there a name? Doug(last name withheld now not then) pushed me into the girls locker room in the 11th grade.It was my idea to look though.On dems vs reps, remember the divide and conquer tact, and resist fighting amongst ourselves.They (politicians) are all getting fat. Business pays for lobbyists to get legislation passed that serves them well.Elected officials take care of those that gave them the most contributions, not those who banded together to vote them in. Was the bailout necessary? Did home loans to lower income families cause it?Really? How many fat cats got loans for bigger, or second or third homes due to lowered standards.A local developer here received personal loans that there would be no way for him to pay back if the economy even slowed a little.It was easy to predict as he continually doubled down( with his bankers approval) He got caught with 22 homes no one wanted. 5.5 mil home 20g a month in payments.huge boat, bigger rv, hummer. Bank really hated to shut him off. Now the bank is stuck with a 5.5 mil house that didn't sell for 1.5(offer was made then recinded)used boat , rv, and hummer.i don't believe this instance is anecdotal but often repeated. Now the bank needs a bailout.Should this loan officer get a retention bonus if he can't find other employment? I understand contractual obligations. I also understand "you're fired". At the root it was a good idea , relax stringent loan requirements to allow some families a chance to own a home. What happened was a "watch this" exploitation of the rules. I sincerely believe it was carefully orchestrated, right down to these bailouts and bonuses. The recession causes many to be unable to keep their home. Now it is up to the taxpayer to foot the bill. And who ends up with the home? Who is left to pay tax? Dodd not only approved the bill, he wrote in the clause that allowed the bonus (only because treasury made him do it).I have to ask, who is treasury? Why isn’t there a name? Doug(last name withheld now not then) pushed me into the girls locker room in the 11th grade.It was my idea to look though.On dems vs reps, remember the divide and conquer tact, and resist fighting amongst ourselves.They (politicians) are all getting fat. Business pays for lobbyists to get legislation passed that serves them well.Elected officials take care of those that gave them the most contributions, not those who banded together to vote them in.
Was the bailout necessary? Did home loans to lower income families cause it?Really? How many fat cats got loans for bigger, or second or third homes due to lowered standards.A local developer here received personal loans that there would be no way for him to pay back if the economy even slowed a little.It was easy to predict as he continually doubled down( with his bankers approval) He got caught with 22 homes no one wanted. 5.5 mil home 20g a month in payments.huge boat, bigger rv, hummer. Bank really hated to shut him off. Now the bank is stuck with a 5.5 mil house that didn’t sell for 1.5(offer was made then recinded)used boat , rv, and hummer.i don’t believe this instance is anecdotal but often repeated. Now the bank needs a bailout.Should this loan officer get a retention bonus if he can’t find other employment? I understand contractual obligations. I also understand “you’re fired”. At the root it was a good idea , relax stringent loan requirements to allow some families a chance to own a home. What happened was a “watch this” exploitation of the rules. I sincerely believe it was carefully orchestrated, right down to these bailouts and bonuses. The recession causes many to be unable to keep their home. Now it is up to the taxpayer to foot the bill. And who ends up with the home? Who is left to pay tax?

]]> By: The Windy City Windbag http://www.thegreatilluminator.com/blog/?p=2779&cpage=1#comment-646 The Windy City Windbag Fri, 20 Mar 2009 03:19:02 +0000 http://www.thegreatilluminator.com/blog/?p=2779#comment-646 I find it almost comical that the Congress that passed the bonus exception clause in Porkulus are shocked and angered by the bonuses they approved. Dodd is only one of many of Democrats who approved this bill (Spector, Collins, and Snowe are also on the hook). Hmmmm... I guess it is interesting that the Congress and President found it so important to pass Porkulus that no one should have read it. Morons. I find it almost comical that the Congress that passed the bonus exception clause in Porkulus are shocked and angered by the bonuses they approved. Dodd is only one of many of Democrats who approved this bill (Spector, Collins, and Snowe are also on the hook). Hmmmm… I guess it is interesting that the Congress and President found it so important to pass Porkulus that no one should have read it.

Morons.

]]> By: Rob's Rant http://www.thegreatilluminator.com/blog/?p=2779&cpage=1#comment-643 Rob's Rant Fri, 20 Mar 2009 01:40:12 +0000 http://www.thegreatilluminator.com/blog/?p=2779#comment-643 What a great time to make sure and attend the Tax Day Tea Party coming to a town near you! www.taxdayteaparty.com. "Every generation needs a new revolution." - Thomas Jefferson What a great time to make sure and attend the Tax Day Tea Party coming to a town near you! http://www.taxdayteaparty.com.

“Every generation needs a new revolution.” – Thomas Jefferson

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