Truth is the beginning of wisdom…

Archive for December, 2011


Posted by straight shooter on December 24, 2011 under Economy, Political, Social Concerns

This is a report written in 2004 but keep in mind the monetary marker that indicates poverty level has increased to

The following are facts about persons defined as “poor” by the Census Bureau, taken from various government reports:

  • Fortysix percent of all poor households actually own their own homes. The average home owned by persons classified as poor by the Census Bureau is a threebedroom house with oneandahalf baths, a garage, and a porch or patio.
  • Seventysix percent of poor households have air conditioning. By contrast, 30 years ago, only 36 percent of the entire U.S. population enjoyed air conditioning.
  • Only 6 percent of poor households are overcrowded. More than twothirds have more than two rooms per person.
  • The average poor American has more living space than the average individual living in Paris, London, Vienna, Athens, and other cities throughout Europe. (These comparisons are to the average citizens in foreign countries, not to those classified as poor.)
  • Nearly threequarters of poor households own a car; 30 percent own two or more cars.
  • Ninetyseven percent of poor households have a color television; over half own two or more color televisions.
  • Seventyeight percent have a VCR or DVD player; 62 percent have cable or satellite TV reception.
  • Seventythree percent own microwave ovens, more than half have a stereo, and a third have an automatic dishwasher.

Read article here.


Posted by straight shooter on December 23, 2011 under Economy, Political

The “horrific” details behind Republicans’ caving

by Joel McDurmon on Dec 23, 2011

Most media outlets are not telling the whole story behind the payroll tax-cut extension: most have highlighted the tax cut itself, how House Republicans were blocking the extension, and how they recently caved under pressure, handing Obama a major political victory.

Democrats are celebrating the Republicans’ caving for good reason, because there’s way more to the story than just Republicans blocking tax cuts. The Wall Street Journal reports,

Rank-and-file frustration has existed all year, and never really left even when Boehner tried to accommodate the concerns of his restive freshmen. The payroll-tax cut battle put a fine point on the caucus’s broader concerns about government spending and budget gimmicks, in part because the $33 billion, two-month package is set to be paid for with fees charged by mortgage financiers Fannie Mae and Freddie Mac over 10 years.

“The policy is horrific,” said Rep. Mo Brooks (R., Ala.) He said that “increasing the costs of mortgages hurts homeowners of all incomes,” adding “it’s hard to figure out how the senators could have done worse–all for two months.”

Meanwhile, Boehner’s procedural tactics are just as suspect:

House speaker agreed to pass the two-month extension on Friday morning by unanimous consent, a fast-track procedural maneuver that guarantees passage unless lawmakers book plane tickets and fly back to Washington in time to object.

“Given the late hour of notification, there’s no way I can make it,” said Rep. Tim Huelskamp (R., Kansas). “I’m disappointed. That’s not the process by which I thought we would consider things like this,” he said, adding “this is the kind of stuff that people hate about Washington.”

In other words, Republicans have “caved” by agreeing to increase mortgage fees for 10 years in order to fund a mere two months worth of tiny tax cuts. Instead of taxes being raised January 1, they go up March 1 instead, while the higher mortgage fees endure for a decade. Brilliant. And to score this great political achievement, the House speaker is willing to use Pelosi- and Reid-style procedural tricks to exclude the toughest opposition from the vote. Epic.

And this is why the move is indeed a major political victory for the radical Left: because the Republicans are acting just like them.