Tuesday, December 18, 2012

Steve,s barking the duck goes quack, quack, the cow goes moo, moo

When I was younger, much younger then today my mother would come into my very messy and yell at me, do you think you live in a barn? Today I look at the elected leaders of my country and they talk like barn yard animals, so if she was here today I would have to answer her in the affirmative.
The pig is only interested in his slop and the chicken in her feed. None of the animals can communicate with one another, despite the children stories that we read.

Now I'm thinking of the famous non children story Animal Farm, which was an allegory on communism, but for some reason I keep thinking that the Republicans are Napoleon the pig some animals are more equal then others ( some politicians are more equal then others).  How can I get this so confused, aren't the Republicans representative of the capitalistic system? Why would they steal a Soviet idea?


Currently because of the tragedy at Sandy Hook we are talking about gun control, I hope the barnyard animals come up with an enforceable plan. Some of the founding fathers believed that banning the importation of slaves in the early 1800's would end slavery, it took a civil war to do that.


If by chance you happen to stumble upon this particular blog and don't quite know what to make of it, that's OK. It was written to be a little confusing so that the reader would have to use his or her mind.      

Monday, December 10, 2012

Steve's barking It's default of America

I just happened to read an article in The Atlantic Magazine, that happens to suggest that the US has defaulted already on bonds that were issued over 200 years ago by not paying interest on these bonds during the War of 1812.
The reason I'm bringing this up is during the debt the talk was that America has never defaulted on it's bonds (* It seems that in the last 2 years we had more financial crises  then in the past 64 years).
Now I know that we have defaulted on obligations as regards to the special Social Security bonds. The Social Security trust funds bought these bonds as a way to insure the solvency of the fund and to make payouts under the formula that when I as a thirteen year old started putting money into the system, full payment at 65  years of age not 66. Changing the way payments are payed out is a form of default. I know that a majority of my fellow Americans have a hard time grasping this concept. It seems that they believe unless there is a bankruptcy proceeding, or at least nonpayment of money to private investors, or sovereign nation your not in default but we are. It's even been suggested that we double default on these bonds.
Can we payout what we promised when we started issuing these special Social Security bonds. You betcha, just don't have a cap on work tax Social Security part of FICA and if that doesn't cover the shortfall add a slight increase to the percentage of FICA Social Security taken out of the workers paycheck.
Let's not make America harder for our children and grandchildren as they grow older by taking away FDR's promise that the aged would no longer live in poverty.

*Recession, pension time bomb, The student loan bubble, fiscal cliff, debt ceiling,underwater mortgages,
Consumer credit card crises. Feel free to add other financial crises that I just can't think about now.    

Saturday, December 8, 2012

Steve's barking legalize and tax marijuana

Let's get stoned.
After all every body must get stoned.
It's been suggested that if we legalized and taxed marijuana our budget deficit would disappear.
If the budget deficit doesn't disappear who cares, we'll be too mellow to give a darn.
As I do recall when I in my more hellion days that marijuana and it's not so famous brother hashish gave me one hell of a sour throat every time I used it.
So let's sell the natural drug in brownies after all how could all those medical users be wrong.
End the nauseousness from chemotherapy now. Just keep the brownies out of the hands of tikes or we'll end up with crashing of trikes.
Unfortunately at pot parties, one can't have a designated driver, least we forget about contact highs.


* I'm sure there must be a picture of me in the early seventies carrying a sign legalize pot now at some rally.   

Thursday, December 6, 2012

Steve's barking I want to make the tax code worse.

For the life of me I can't figure out why some one who has shares in a mutual fund has to pay the taxes on capital gains when stocks are sold for a profit or when dividends are paid out that aren't seen by the share holder of the mutual funds. It seems only fair that taxes shouldn't be paid by the share holders untill the money is actually seen by the share holder.
Then again what do I know about the tax code, after all I' m only a tax payer.

Sunday, December 2, 2012

Steve's barking at a taxing situation

I hear from the grapevine ( a bunch drunken wine drinkers) that we shouldn't change the tax rates, but do away with some loop holes. Not all loop holes mind you just some unspecific ones. Being unspecific I can  put my twenty cents in ( The expression used to two cents in but due to inflation it's now twenty).
Let's change the income tax system into a strict income tax system. Dividend income is income to be taxed as income. You sell a stock that's income (lets do away with the capitol gains tax loophole and call it what it is, income). Lets do away with the estate tax loophole and tax the proceeds as income ( O boy would I have been in trouble).
It's been suggested that investors don't like to make money unless they can get a tax break so that's why we shouldn't mess with capitol gains tax and perhaps lower it.


It's a shame that McDonald workers can't afford to eat in Burger King, and Burger King workers can't afford to eat at McDonald's. 

Saturday, December 1, 2012

Steve's barking The Bimbo could have saved the twinkie

It has accidently come to my attention that Bimbo bakeries, the largest package bakery in the America's perhaps the world wanted to buy Hostess Bakeries when they first declared bankruptcy several years back.
Now if you have never heard of the Mexican Bakery Bimbo, perhaps you know Sara Lee, Entenmann's, Stroehmanns, and Thomas maker of American English Muffins.These are some of the brands that this are owed by Bimbo.
It also appears to my uneducated eyes that, that Hostess will make more money going into bankruptcy then staying whole and continue as a business. A Billion dollars in a years time.
Those sneaky b******* who ran the company. Making accounting procedures seem that the company couldn't survive unless workers concession. Hoping all along that the workers turn down these concessions and even go on strike.
Making money is what the system is all about, and it seems that Hostess did the right business decision but the moral corrupt one.   

Monday, November 26, 2012

Steve's barking lets avoid the fiscal cliff by jumping off the bluff

Were all going to be destroyed. The fiscal cliff she is a coming. Our taxes are they will be to high.
Just like when Bush II took office. Our spending will be cut, just like those whining so called conservatives are demanding. Oh it's not the cuts that they want. I keep reading and hearing that this will lead into the great recession  II will take place. And I kind of believe that to be true. There is something in my body that tells me if you make the wrong cuts or end the wrong loopholes in the tax code, guess what recession II will come back with a greater vengeance then if you did nothing.(That part of my body that telling me that is called a brain).
Cut food stamps it would hurt big food processing companies such as Kraft. They would then have lay off workers. Cut Medicare and Medicaid too much and our doctors and hospitals would have to lay off staff.
Change the formula for increases in social security along with increases in part 2 medicare lessening discretionary income of seniors, less stops at the barber and beauty shops, more people laid off.

Be Careful what you wish for when dealing with the fiscal cliff, that bluff we jump off of to avoid the fiscal cliff may be a bigger drop then then the cliff itself.