Arkady's Thoughts

Barack Obama proposed legislation titled Global Poverty Act (S. 2433) and was approved by the Committee , on which Joe Biden was on. The bill suggests we spend .7% of our GDP - .7% of 13.8 Trillion is just under $100 billion EACH YEAR! - on helping people around the world that live on less than 1 dollar a day. Coincidentally that does not include impoverished people living in the United States. If this does not rub you the wrong way, then nothing will. The bill has 30 co-sponsors, 5 of whom are Republicans (mostly moderate) and this somehow lends the bill to the auspices of bi-partisanship. Spending 100 billion dollars a year (assuming our income remains constant - and it won't) on battling poverty through the administration of the United Nations, an outfit which has repeatedly demonstrated it's anger with the United States. What should strike you is that every single taxpayer in the United States will be forced to spend thousands of dollar a year on random strangers in the ...

Just read a piece that made my blood boil. The story is from Carolina Journal, but I will paste the first paragraph below. Even if you currently do not have a 401k, this is the most dangerous proposal I have ever heard. The only similar example I can think of, would be the gold seizure under FDR. If this proposal becomes legitimate, you MUST write to your local representative, congressman, senator, etc. This will be absolutely crippling to our economy as investors will stage a mass exodus out of the market. If you want a demonstration of this in action, look at Argentina. They just did something very similar. I will keep my eyes on the story and will add further information to demonstrate just how dangerous this is. November 04, 2008 RALEIGH — Democrats in the U.S. House have been conducting hearings on proposals to confiscate workers’ personal retirement accounts — including 401(k)s and IRAs — and convert them to accounts managed by the Social Security Administration. Triggered by the...

Colin officially endorsed Barack Obama. His primary reasoning is that America needs a generational change. Like I said earlier, Colin is a moderate/liberal republican - so he is not exactly obligated to be a fully dedicated Republican. But Colin, WHAT THE HELL? Obama is the most liberal creature America has seen in a long time. His entire economic policy is that of fairness. Fairness has never been and never should be a governing principle. If all businesses operated out of fairness, we would have the GDP capacity of Cuba. Without even delving into the mountains of evidence to suggest that Obama's ties are less than favorable and you have a candidate that all Republicans should technically loathe. Therefore without questioning Colin's political integrity, I can only make one conclusion. He is endorsing Obama because he is black...or in the case of Colin and Barack...half-black.

I am growing tired of people blaming Bush's tax cuts on the problems we are having. First of all, if you do blame him then you have a serious gap knowledge when it comes to taxes. Instead of being a mindless drone, do some research for once. Also this is not a post about the defecit, because if Bush was a conservative he would minimize spending....guess he figured he would be the next Reagan and rammed Iraq. When taxes are eased on the wealthy, they pay more as a total percentage of taxed paid. Historically when the government taxes the wealthy, the middle class ends up picking up the slack. A notable example would be Bush Sr's tax hikes. Here is a great resource. Who really pays our taxes The left will come up with some jack-ass argument that the wealthy use fraud, but the US treasury repeatedly reports that lowering taxes on the wealthy raises increases their share. NOW, yes - they actually end up making more money. It is true and as a result of which, the gap grows b...