Out of Control Spending

This category contains 26 posts

237 Years

237 years ago, some brave men on the east coast pledged their lives, fortunes and sacred honor to stand up for liberty and spit in the face of tyranny. They banded together and battled the world’s most formidable army, the brutal elements and the doubt of those who blindly held steadfast in their support of … Continue reading

And The Wealth Tax Cometh – #CyprusDebacle

The latest shoe to drop in the EuroZone is the demand by the EU, ECB and the IMF that depositors on the island country of Cyprus pay for the systemic failure of the central bankers by leavying a ‘one-time wealth tax’ on bank accounts. This amounts to outright theft and further erodes consumer confidence in … Continue reading

Imagine That – Tax Hikes Backfire On The Greeks

In what can only be described as Shock and Awe II, Greek politicrats were dumbfounded yesterday as reports came in showing that recent tax hikes did NOT raise expected state revenue. Instead, tax revenue in the economically bankrupt country fell by 16 percent in January. Our friends at ZeroHedge.com go on to state: tax revenues … Continue reading

Arrgghh! Phil – WTF???

Some things really tick us off and Political Correctness in the face of logic and reasoning may very well top the list. Earlier this week, PGA Golfer Phil Mickelson expressed his rightful concern that higher taxes – federal and the state of California where he resides – will lead to some ‘drastic decisions’ in 2013. … Continue reading

Get Ready To Pay More At The Pump

And it has nothing to do with supply or demand. Rather, it’s Fedzilla’s exponentially increasing appetite and the prospects of a depleted ‘Highway Fund’. As per usual, there is no mention of Spending Control. Rather, our gluttonous bureaucrats want to raise your taxes – yet again. Read more at The Washington Examiner:¬†http://washingtonexaminer.com/new-pay-per-mile-scheme-would-boost-taxes-250-percent/article/2518504#.UPR6b6VuAqZ

Layoffs in the Financial Sector

Layoffs are not unique to Food Service (as reported here). Morgan Stanley and AMEX are the latest to announce workforce reductions. Is it just me or is this all painfully obvious??? http://www.theblaze.com/stories/2013/01/10/on-the-right-track-american-express-to-cut-5400-jobs-morgan-stanley-will-slash-1600-more/

And The Layoffs Continue

More fallout / concern over our supposed ‘growing’ economy: Taco Bell, Denny’s, Wendy’s, Olive Garden and Red Lobster among the many restaurants planning to reduce hours and / or headcount in the wake of President Obama’s second term: http://www.theblaze.com/stories/2013/01/10/a-growing-trend-more-restaurants-cutting-employee-hours-in-preparation-of-obamacare/

UN Planning Global Taxes – This Has GOT to STOP

How do you feel about paying taxes directly to the United Nations? Of course, we already pay indirect taxes by providing them with 22 percent of the UN regular budget and more than 27 percent of the UN peacekeeping budget. However, there is a plan in the works to: “impose a global consumer tax on … Continue reading

Get Ready People – This Is A Harbinger Of Things To Come

Past performance does not always guarantee future results. At least that’s what they tell us in Finance 101. However, history does repeat itself. And as the rhetoric ramps up in the wake of the US presidential elections, talk of budget deficits and the exponentially growing national debt will be bandied about ad nauseum. When Democrats … Continue reading

Congratulations Georgia Voters

You CRUSHED the proposed $7BB Transportation Tax. There’s a brother-in-law or two with a concrete or construction company in The Peach State who must be royally pissed this morning! The fall elections are going to be righteous… http://www.ajc.com/news/transportation-referendum/voters-reject-transportation-tax-1488552.html