45% of American Households Pay No Federal Income Taxes

“…American households not paying federal income taxes has also grown—to an estimated 45% in 2010…”

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In a poll, no group of Americans feel they are paying too little in taxes, even those people who pay no tax.

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US House passes budget with $6 trillion cuts. Still not good enough.

The US House of Representatives passed their 2012 budget. While it does well to open the doors and conversation towards a reform of entitlement spending, especially in Medicare and Medicaid, it doesn’t do enough to handle spending, debts and the deficit.

Even though there are $6 trillion in cuts, it takes place over 10 years and there are still deficits for 2012 ($1 trillion!) and more deficits way into the future, as much as $391 billion into 2021. This isn’t good enough!

Ruling class Republicans still can’t shed their Washington ways and they are risking a third party by the Tea Party and others in the popular wave building in the US. The party is likely to vanish in importance  in about 5 years.

The Editor.

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Only 45% of Americans have Jobs

“Only 45.4% of Americans had jobs in 2010, the lowest rate since 1983 and down from a peak of 49.3% in 2000. Last year, just 66.8% of men had jobs, the lowest on record.”

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Virginia Govt Worker Retirement System has $17.6 Billion Unfunded Liability

“The Virginia Retirement System currently faces an unfunded liability of $17.6 billion, according to the letter Governor Robert McDonnell sent Tuesday night to the Virginia House of Delegates explaining why he had not signed the funding plan.”

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California and Illinois tied for highest risk ratings among states

Currently Illinois is tied with California for the lowest ratings of any state from Moody’s and Fitch rating services.

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Illegal Aliens Cost California Citizens $10.5 Billion Every Year

“California’s illegal immigrant population is costing the state’s taxpayers more than $10.5 billion per year for education, medical care and incarceration”

  • Free Education for Illegals: costs of K-12 schooling approximately $7.7 billion annually.
  • Free Health care: about $1.4 billion a year.
  • The cost of incarcerating illegal aliens: about $1.4 billion a year.

This is a report from 2004. Imagine how high the cost is now!

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Obama understates deficits by $2.3 trillion

Yes, that’s $2.3 TRILLION !

I think this “understates” means that the President is lying to the public, doesn’t it?

Or, does he mean: “Oops, I didn’t see that 2.3 trillion there, sorry about that”. Is a trillion dollars really that insignificant to the President?

Are we in a nightmare, or what?

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