Lies About Social Security

Would the Democrats actually stoop so low as to tell outright lies about the Social Security system? Does the sun rise in the East? Scaring everyone by claiming that they will lose their benefits if any changes are made to the system is standard practice for the JackAss Party. They even tout phony “scientific” studies to back their case.

The main reason they continue to get away with these lies is the very real and very overt bias in the mainstream media, who act as nothing more than the propaganda arm of the Dims. Unfortunately, most people in this country – especially senior citizens – are too trusting of the media. Many of them can still remember when journalists actually acted as a check & balance on the government by assuming the duties of a quasi fourth branch of government. The concept of the media colluding with one political party and intentionally distorting the news is unfathomable to them.

KMK

Act In Haste, Repent In Leisure

What are the chances that our rulers in DC will be able to take Jonah Goldberg’s advice and resist the urge to pass a lot of idiotic laws in response to the corporate accounting scandals and let the market deal with it on its own?

Fat chance of that. As always, they will succeed in making everything much worse, as they do every time they try to simplify the tax system.

KMK

Counting Chickens Too Soon

David Broder confirms my explanation of how the Federal budget estimates were based on bogus assumptions of capital gains taxes.

Such figures are impossible to predict with any accuracy, which is why any official forward looking figures from DC should be ignored. They are completely fictitious. This is why I have always been a supporter of using dynamic analysis to predict the effects of proposed changes in tax laws. The static analysis that our rulers do use makes the idiotic assumption that changes in the tax laws have no effect whatsoever on the behavior of us working slaves. Nothing could be further from the truth.

KMK

Lectured To By Cartoons

The very idea of our rulers in DC dictating how corporations should be run and how to deal with the bad apples makes me think of the Keystone Kops. This more contemporary comparison to Dudley Do-Right is just as valid and will probably be understood by more people. We could probably even come up with plenty of even more modern examples, such as Mr. Magoo and Homer Simpson.

We’ll know that we’ve hit the extreme of idiocy when they appoint a special blue ribbon committee to investigate corporate wrong doing. An appropriate chairman would be Dan Rottenkowski, who was the Chairman of the House Ways & Means Committee for several years, prior to his stay in prison for fraud and other criminal mischief.

KMK

Public Enemies Number One

Leading By Example

It Takes One To Know One

Even the AP is picking up on the hypocrisy inherent in the outrage our rulers in DC are expressing over the creative accounting in the corporate world. They even give some examples of the shell games that our rulers routinely play with the Federal budget, on a scale that dwarfs any corporation. Any corporate executive who tried any of the tricks our rulers use would be in prison for a very long time.

While this exposure is good to see, I do have serious doubts as to whether there will ever be any changes. The same crooks keep getting reelected every time.

I had high hopes for fellow MBA George W. Bush to start cleaning the DC cesspool; but these are fading fast. It seems that his solution to every problem is more agencies and bureaucracies that will just compound the problems. Giving more money & power to the same incompetents who caused the problems in the first place has historically been the DemonRats’ answer. Is Bush so concerned about not being another one-term president that he is willing to morph his administration into what an AlGore presidency would have looked like?

KMK

Dealing With Spam

Checking e-mail has become a much more time consuming process lately, with all of the viruses and spam filling in-boxes. Rather than just download our mail into our main Eudora e-mail program, we first look over the in-box contents via Mail2Web. It’s not uncommon to delete over three-quarters of the messages before even starting up Eudora.

Dave Barry has a good take on this spam influx in today’s column. While he claims that if he were to meet an actual spammer face to face, he would take him to lunch at his company’s industrial waste cafeteria, I’m not so sure I would be as polite if I ever meet one of these low-lifes. A swift kick to the groin would be an irresistible reflex reaction. In fact, I’m amazed that we haven’t had more vigilante justice to deal with these spamming scumbags. A visit to their computers with a baseball bat would do wonders for reducing the outgoing volume.

KMK

Not Tax Filing Exempt

Just because an organization is recognized by IRS as exempt from taxation doesn’t mean that no tax returns have to be filed with IRS. In fact, as this rescue unit in Alabama discovered, there are very steep IRS penalties for not filing their 990 forms. They were nailed with $57,000 of penalties for not filing since 1997.

Filing requirements do vary; but normally a 990 is required to be filed with IRS if the organization had gross receipts of more than $25,000 during the year.

KMK

Estate Tax Debate

I hope this article is true, that the issue of the estate (aka death & inheritance) tax will be a part of the campaign process before the elections this November. Let’s see if anyone has the guts to point out the true source of the estate tax.

KMK