US poverty on track to rise to highest since 1960s

Hope and change! Actually, this is nauseating.

http://news.yahoo.com/us-poverty-track-rise-highest-since-1960s-112946547--finance.html

Fundamental reason why liberalism and big government leads to failure

Big Government's Best Friends: Nontaxpayer

Taxes: The proportion of those paying no income taxes continues to hit higher highs — a trend that will ultimately make lowering taxes and reducing government impossible.

For decades, "fairness" has been liberal Democrats' outcry against demands for lower taxes. The rich, President Obama endlessly contends, don't pay "their fair share."

It's about as far from the truth as you can get. As the Congressional Budget Office showed in a new report on the distribution of household income and federal taxes, the rich are getting hit by the taxman harder than ever.

As CNBC reporter Robert Frank put it, the top 1% that Obama complains about "paid an average effective tax rate of 28.9% on their income — far more than any other group, and more than twice the average effective rate of the middle class, who paid 11% on average."

Beyond that, however, is the fact that more Americans who are nowhere near to being rich are paying no taxes at all on the money they take in — which means they have no interest in getting our ever-expanding government leviathan under control.

A new study from the Tax Foundation found the number of those filing tax returns who pay no income taxes now numbers over 58 million, amounting to a staggering 41% of all tax returns. Compare that with 1990, when only about 21% of tax returns were found to have no tax liability.

What's more, the median income of these nonpayers has increased by 40% in just nine years. "The threshold at which a typical married couple with two children will likely be a nonpayer is now $47,000," the Tax Foundation found.

The primary reason? Big government's tentacles, in the form of cash payments via the soaring expansion of refundable tax credits. "In 1990, the combined value of these credits was roughly $20 billion after adjusting for inflation," the study notes. By 2000, it was $46.5 billion.

"A decade later," however, "the combined budgetary cost of both the basic and refundable tax credits reached a remarkable $224 billion in 2010."

As the foundation's Scott Hodge cautions, "These credits not only have a major budgetary cost — both in terms of the lost revenue and the outlay cost for the refundable portion — they undermine the financial stability of the government by narrowing the tax base, and disconnect people from the basic cost of government."

A tax-cut-oriented simplification of the IRS code — so urgently needed today — will soon be politically impossible because of so many millions off the income-tax rolls, an increasing number of them middle-class.

People who aren't paying taxes, yet who are enjoying government dependency in various areas of their lives, aren't going to give the time of day to politicians who seek to cut taxes.

http://news.investors.com/articleprint/619029/201207201838/increase-in-nonpayers-of-taxes-spells-trouble.aspx

Another example of MSNBC quality reporting

Andrea Mitchell is a pathetic partisan liberal pushing the Romney outsourcing narrative. She literally gets verbally smacked down.

Interview here

The funny this is, this idiot reporter has been caught with a previous display of amateurish partisan sniping in this interview. This page has the MSNBC edited version and the actual version of the Romney speech.

Both videos are here

It just goes to show that MSNBC cannot even pretend to be slick in hiding their amateurish reporting and the fact that they hire incompetent morons who masquerade as "new casters."

Media whore Michael Moore on the Colorado tragedy...

Because the world is hanging on what that hypocritical douche has to say. http://www.breitbart.com/Big-Hollywood/2012/07/20/michael-moore-violent-nation

Bay Area Drivers Could Be Tracked By GPS, Taxed Per Mile Driven

Since San Francisco cannot obtain as much tax revenue from gasoline sales because you wanted to protect the environment and get a more fuel efficient car, they come up with another scheme to tax you. Imagine if you had a low paying job and your commute was really long because you could not afford to live in the city? City workers already cannot afford to live in the city they service.

Yet another example of liberals finding every way to tax the hell out of you no matter what you do. California, while beautiful, is run by complete idiots.

http://sanfrancisco.cbslocal.com/2012/07/18/bay-area-drivers-could-be-tracked-by-gps-taxed-per-mile-driven/

A credit to Obama and his rhetoric of his tenure as president!

For the First Time, Canadians Now Richer Than Americans
http://www.usnews.com/news/articles/2012/07/18/for-the-first-time-canadians-now-richer-than-americans

Democrat goes crazy old man on protestors

Pretty entertaining. There were some perfectly nice Dems there as well, but that old guy is hilarious!

http://www.breitbart.com/Breitbart-TV/2012/07/17/Democrat-Loses-It-On-Tea-Party-at-Synagogue-in-Elkins-Park

Interesting article on Obama's fantastic work on the economy

6 charts that show the Welfare State run amok
http://www.aei-ideas.org/2012/07/6-charts-that-show-the-welfare-state-run-amok/

Obama braces for June jobs report - The Hill's On The Money

I wonder who Obama is going to blame this time around!

Obama braces for June jobs report - The Hill's On The Money