Tag Archives: Trump

Fake campaign promise by Trump to lower taxes has reduced his Presidency to swimming in the swamp

“If you’re single and earn less than $25,000 per year, or married and jointly, and jointly earn less than $50,000 – so very important – if you’re single and make less than $25,000 or married and jointly earn less than $50,000, you’ll not pay any income tax. Nothing.” – Donald Trump

September 29, 2015

@2:00 – Less than $25,000 or jointly less than $50,000, pay no taxes


February 3, 2017

In January President Trump took office and almost immediately lowered the benefits of his “middle class” tax plan. Suddenly, the $25,000 and $50,000 standard deductions promised on the campaign were slashed 40% to just $30,000 and $15,000. Continue reading →

Israel gets two F-35s – only because fog lifts in Italy!

The F-35 is a $400 billion program to replace the current fleet of U.S. fighter planes for the Army, Air Force and Navy.f35

The program has serious problems.

Yesterday was an example. Two F-35s were set to arrive in the early afternoon  in Israel – the first delivered outside the United States.

Everyone seemed excited at first. Secretary of Defense Ashton Carter was there to praise the new fighters. Israel’s top officials had also gathered to greet the $100 million (each) planes.

“There’s no better symbol of the US commitment to Israel’s security that the F-35, the most capable aircraft in the skies,” Carter declared.

The excitement was palpable, as witness this Defense Department tweet: : F-35s will help U.S. and Israel air forces operate more jointly and more effectively. Together, we will dominate the skies.

Continue reading →

USS Mason jarred by Iranian missiles, despite our State Department approving $150 billion to Iran

A high ranking U.S. official, suggested on Sunday that the missiles fired by Houthis at the destroyer USS Mason on three attacks, while it was in the Gulf of Aden, were provided by Iran. Senator John McCain and others strongly agreed.

The failed missile attack from Iranian-backed rebel-held territory in Yemen came as news reports from Tehran revealed other Iranian-made ballistic missiles – “Zalzal 3” – were launched by the alliance of rebels and followers of ousted Yemeni president, Ali Abdullah Saleh, to hit various Saudi targets. Continue reading →

Hillary Clinton earns millions as speaker for CEOs, but can’t fill a high school gymnasium in Omaha

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Hillary Clinton rally in Omaha yesterday

Warren Buffett is the best known man in Omaha, Nebraska – a hometown boy, fourth richest person in the world, and admirer of Hillary Clinton. That friendship, her speaking style and his popularity – combined – couldn’t fill the Omaha North High School auditorium, even after some of the stands were packed with too-young-to-vote schoolchildren.

There are times, such as yesterday in Nebraska, when even the wealthiest skinflint in the world must feel defeated.

Meanwhile, Donald Trump is turning away thousands at some rallies, attracting record audiences for a Republican candidate, throngs comparable to the crowds produced for Bernie Sanders, who was also running against Hillary.

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Donald Trump rally outside of Harrisburg yesterday

What is going on here? How can a woman, who has earned millions of dollars in speeches authorized by CEOs of major corporations, not attract a crowd? You would think that anyone. who was paid $300,000 or more for a speech, must be a great speaker, and gee whiz, here’s a chance to hear her – no charge. Continue reading →

Primary debates hide questions on Social Security! If we knew their actual plans, nearly all would lose

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Republican candidates for President have avoided using the Primary debates to explain their plans for Social Security. Exceptions include Chris Christie, who saw his ratings collapse after publicly urging that the retirement age be hiked, and Donald Trump, who said he would not cut benefits.

Ben Carson has not settled yet on a stance, except to remind us that life expectancy has increased. As a doctor, he must realize that today, fewer babies die at birth and feeble seniors are kept alive, but not active, for decades.

On the Democrat side Hillary Clinton and Bernie Sanders want hikes in benefits for lowest earners and some kind of increase in the payroll wage tax cap.

First, the GOP.

  • John Kasich, Ted Cruz, George Bush and Marco Rubio all want to raise the retirement Continue reading →

Heritage hates Obamacare – plans “Impoverishcare”

Healthcare.gov has my email address, because I once searched for plan information on the site, and now the artificial intelligence – or just perhaps an algorithm – has decided to pester me to sign up or pay a penalty. Having fooled the system (because I can’t get Obamacare since I passed my 65th birthday), I checked some prices to see the cost of  plans for my neighbors, assuming a family of two parents and two teenage children.

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Rafael Edward “Ted” Cruz

It’s not a pretty picture. Without premium subsidies, all of the so-called Obamacare Bronze plans cost about $900 a month, or $10,800 a year. All of them have a deductible of about $12,000, which adds up to a total cost of $22,800 – before you receive one penny of health insurance. It’s all on you – just put pennies in the jar each January and set aside 2,280,000 as your personal Copper plan. Actually, someone should call the coppers for allowing such a ripoff junk health plan.

The missing ingredient in this analysis is that the government (middle class taxpayers) provides a subsidy to our average $50k-a-year household of four, amounting to $800 or so per month. That money goes directly to the insurance company. You pay the difference in premiums and you also pay all that $12,000 deductible. It seems insanely expensive – between contributions from taxpayers and subscribers – and some might say a windfall for insurance companies, a deal that was negotiated by Chicago’s current mayor under assault, who is also a former investment banker.

The Democrats may have bowed to the healthcare industry, prostrated their principles, humiliated party members, destroyed the President’s legacy and may even made Valerie Jarrett unhappy, but things might get even far worse.

Enter the GOP and its brainiacs at the Heritage Foundation. They have a plan that makes Obamacare look like heaven with 72 virgins (persons, of course) and unlimited six packs of Continue reading →

Trump card is the minimum wage. My bet: he just lost any chance of winning the Republican Presidential nomination

serfIn the Middle Ages an average duke or earl’s property was about 38,000 acres, and the “little people” grew the food and paid taxes to these aristocrats of yore, and the humble were called serfs and lived like dogs to support the castles for the very few.

The present crony capitalism is different. Our aristocrats elect public officials, set prices by corporations, and there are no serfs, just the “working class.”

Today’s lords and masters also make the dukes of old look like the pikers that defended them. Donald Trump, for example, boasts about $9 billion in wealth. That wouldn’t just buy him 39,000 acres, but at $10,000 an acre, he could acquire 900,000 acres or 1,400 square miles – enough to fit all New York City’s boroughs inside – four times – and still have 200 square miles remaining for golf courses and towers. At that size, Trump’s land could hold 40 million inhabitants at NYC density.

Asked if he is in favor of raising the minimum wage this week:

trumpDONALD TRUMP: I can’t be, Neil (Cavuto). And the reason I can’t be is [that] we are a country that is being beaten on every front economically, militarily. There is nothing that we do now to win. We don’t win anymore. Our taxes are too high. I’ve come up with a tax plan that many, many people like very much. It’s going to be a tremendous plan. I think it will make our country and our economy very dynamic. But, taxes too high, wages too high, we’re not going to be able to compete against the world. I hate to say it, but we have to leave it the way it is. People have to go out, they have to work really hard and have to get into that upper stratosphere. We can not do this if we are going to compete with the rest of the world. We just can’t do it. – most recent Republican debate

Donald Trump has a mixed bag of economic solutions, many bereft of the international Continue reading →

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