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Posted: 1:00 a.m. Tuesday, Oct. 28, 2008
By Neal Boortz
| Today's Nuze: October 28, 2008 | ||
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Tuesday, October 28, 2008 -- 7 Days left
THERE'S JUST TOO MANY PEOPLE OUT THERE NOT LISTENING This man (that would be Barack Obama) thinks that it is the government's job to decide who gets how much wealth? Maybe it's just me, but I sort of had this idea that wealth was earned. You worked hard, you pursued an education, you developed job skills, you made good decisions, you took some chances ... and if you held your mouth just right your hard work would lead to wealth! Well that's just not the way it is done anymore. Can any of you cite an instance where Barack Obama has touted the benefits of hard work and said that a person is entitled to the fruits of his labors? If ever there was a wealth envy, class warfare candidate, this would be the one. He actually laments the fact that the Supreme Court hasn't come down with some ruling for what he calls "economic justice"; a ruling that would let bureaucrats in Washington use the police power of the state to seize wealth from the unfavored and give it to the favored. Well, since the Supreme Court hasn't done it, it will just have to be up to him. Come on, folks. Are you really ready for a president who believes that government has the power to tax not in order to raise revenue for its legitimate functions, but to bring about some bureaucratic idea of "fairness" in wealth distribution? Are you really ready for a president who talks in terms of how much of a person's earnings they actually "need," and the legitimacy of seizing the remainder? I suspect that next Tuesday we're going to find out that you are, in fact, ready for just such a president .... but if you really want some chaos, then ....
The Democrats, perhaps rightly, think that the presidential thing is sewn up. Done deal. So we're going to have a leadership troika of Obama, Pelosi and Reid. There's one thing left to be done. One possible roadblock in the way of totally remaking our government. That would the the Senate filibuster. Yup, those nasty Republicans would still be able to block some of the MoveOn Democrats most onerous pieces of legislation (seizures of pension funds?) with a Senate filibuster. The goal, then, is to get a 60+ Democrat majority in the Senate. Maybe there are some of you out there with a pang of conscience ... just a bit of a doubt. Oh, you're going to vote for Obama anyway ... but there's this nagging little suspicion that perhaps he just might try to go to far. Maybe you actually have dreams of being successful in your field one day, or you're determined to be smart with your money, and, who knows, you might become rich! Maybe you'll want to keep some of that money. Maybe you actually think that people are entitled to the fruits of their labor. Maybe you don't believe in wealth redistribution ... but you just have to vote for Obama anyway. Well, there is a way to hedge your bets. There is a way to put a governor on the federal government. Stop the Democrats from having that 60-seat filibuster-proof Senate. A lot of people believe in the division of power in Washington .. but with the troika the only way we're going to have that division is if the Republicans can stop the Democrat dreams and schemes in the Senate. Just something to think about. AND HOLD ON TO YOUR PENSIONS WHILE YOU'RE AT IT (PART 2) So it was Joe Biden who said just last week that evil CEOs would be the first to see their pensions go. Are you ready for the full scale attack on privately held pensions and 401K plans once Obama and Biden are in the White House? Something the mainstream media isn't reporting is the fact that changes will be coming to your 401(k) ... they have already been proposed in House hearings in Washington. Earlier this month, the chairman of the House Committee on Education and Labor Rep. George Miller (a Democrat) says that sweeping changes must come to the 401(k) system. One of the main changes would be eliminating $80 billion in tax savings for higher-income people enrolled in 401(k) retirement savings plans. Miller says, " what we have to start to think about in Congress of whether or not we want to continue and invest that $80 billion for a policy that is not generating what we ... say it should?" What "we" say it should? By "we" do you mean that the government should be able to determine how much I can put away for my retirement? Is there a motivation here? Well, try this. Let's look at health insurance. For decades the government has favored government-provided or employer-provided health insurance over privately-acquired plans. If your employer bought you the policy - deductible. If you bought it yourself - not deductible. The goal here was to make it easier for you to depend on someone else for health insurance than on yourself, and in fact to punish you if you tried to employ a bit of individual responsibility. Are we moving to the same scheme for retirement savings? Get your retirement from the government and you'll be favored. Try to set up your retirement plan on your own and you'll be punished. Self-sufficiency, punished. Dependence, rewarded. So where do we go from here? Government guaranteed retirement accounts. Teresa Ghilarducci, an economics professor, proposed this plan. Here's Teresa's explanation: "The way the government now encourages 401(k) plans is to spend $80 billion in tax breaks, which goes to the highest-income earners. That simply results in transferring money from taxed savings accounts to untaxed accounts. If we implement automatic [individual retirement accounts] or if we expand the 401(k) system, all we're doing is adding to this inefficiency." Do you smell a plan to make you dependent on government for your retirement? Talk about having you by the short hairs ..... In the meantime, let's get back to Joe Biden's "their pensions will be the first to go" comment. The more savvy among you know that a large part of the current economic crunch can be blamed on Washington action or inaction. Are their pensions in jeopardy because of their malfeasance? Hardly. Just yesterday, Yahoo Finance reported that lawmakers in Congress may turn out to have the "sweetest" pension plan. This is because lawmakers are offered a defined-benefit pension plan that is backed by the US Treasury and insulated from Wall Street fluctuations. But keep in mind, when it says that they are backed by the US Treasury, it means your tax dollars. The article says that lawmakers like George Miller are in an "increasingly privileged category" because they are guaranteed retirement benefits thanks to you, the tax payers. What exactly do they get? Well their benefits start earlier and accrue faster than the average private company worker. Lawmakers also get cost-of-living increases, which is extremely rare in the private sector. George Miller, for example, if he were to retire tomorrow would take away an annual pension of about $122,000. In other words, "lawmakers' retirement benefits are out of step with most ordinary Americans." And at a time when Joe Biden wants to take away the pensions of CEOs, Congress has made no effort to revisit its own retirement plan. Robyn Credico, the national director of an employee benefit consulting firm, says, "The government plans are certainly very rich even if you compare them to the pension plans in corporate America ... I certainly believe it affects policy ... If you're not impacted yourself it's very easy to make different rules." One other item to take away from this is the fact that private employers do have the option to offer these defined benefit pension plans. But what happens to a private company if it offers this type of plan, and the value of that plan drops ... it has to make up for the extra cost in other ways ... like layoffs, cutting other benefits or freezing the pensions. When government defined pension plans lose value - the taxpayers make up the difference. So what can we take away from this? Federal lawmakers in Washington have secured pension plans that are affected little by this financial crisis ... and they have your tax dollars to thank for it. Meanwhile, they want to target evil CEO pension plans first. Then they want to target private pension plans and eliminate any tax breaks you may currently enjoy. Where does it stop?
Is this just a sign of things to come? After Joe Biden's interview with Barbara West on WFTV, another report surfaced of Joe Biden banning a local TV station in Pennsylvania for asking some tough questions. Meanwhile, the fallout from the Barbara West continues. Biden says that the stuff you are hearing in this campaign is "pretty ugly" but that we must reach out to these folks and bring this country together. Notice that Biden doesn't actually address the issue at hand - Barack Obama's tax policy. He doesn't address Obama wanting to "spread the wealth." Instead, Biden insists on bringing people together. By that he must mean only talking to people, journalists and others that agree with his side.
The Philadelphia Inquirer published an opinion piece written by a man named Jonathan Valania. You will have some fun with this ... I'll just get you started. The headline is "White people shouldn't be allowed to vote." Seriously! Actually ... I'll put my money on this character being a university professor. Here's an excerpt:
Just what we need ... some prepuce out there giving Obama some new ideas. OUTRAGEOUS The other day I told you about the police department in Peabody, Massachusetts that will now get time and a quarter to work on 9/11. It's not a national holiday. It's not a holiday in Massachusetts. But the police department in Peabody will be paid extra on that day. Well another Massachusetts police department is trying to compete ... the police union of Framingham asked the taxpayers to get them laptop computers for their police cruisers. So the taxpayers come through and police cruisers around Framingham are equipped with computers. Then the police union turns around and demands that they be paid extra to use the new computers. The union says that the requirement to file reports on a computer was an unlawful change in working conditions. So this means the police would be paid a computer stipend in addition to the extra pay they receive for defibrillator use, fingerprinting and photography.
How about the Lord's Prayer remixed into a reggae rap about Barack Obama: "Obama be thy Name."
Subject: Your Show
Just terrible. Authorities say they have stopped a group of skinheads from attempting to kill Barack Obama and decapitate 102 black people in Tennessee. Before the day is out elements of the media will be calling these kids Republicans. In case you failed to visit Nealz Nuze yesterday, I tried my best to decode Barack Obama. Don't worry, you can visit Townhall.com to read it. Barack Obama now says that he is going to restore a "higher purpose" when he is elected president. And by "higher purpose" he means the government's role in redistributing your wealth. Senator Ted Stevens was found guilty on all seven counts of corruption. Good,. Slam his ancient buns in jail for a while. This is Barack Obama's "closing argument" for the campaign. All he wants is for us to come together ... and by that he means allowing the government to take control of your lives and your money. Here's another reason not to vote for the Chosen One ... the United Nations is waiting with pregnant anticipation to have Obama in the White House. Once Barack Obama and a Democrat Congress get their hands on government, entrepreneurial stories like this will no longer be possible. The US stock market has lost $3 trillion since our politicians passed the $700 billion bailout bill. Did you hear about the Barack Obama campaign lawyer who was intimidating college journalists who were investigating voter fraud? Apparently the lawyer has since apologized. Considering the celebrity worship culture in this nation, maybe this article will hit closer to home for some: "Obama: The Feel-Good Blockbuster of the Election Season!" A day in the life of Barack Obama ... I know you just can't wait to sink your teeth into this thrilling account from an Associated Press writer. While some people were busy looking into the tax history of Joe the Plumber, others were busy investigating Barack Obama's ACORN ... and guess what they found? Not sure how credible this report is, but apparently the US government is currently studying Islamic banking to figure out if it could be useful in fighting the ongoing world economic crisis. A robber comes into a pawn shops, fires a gun at the owner ... the owner gets his own gun and the robber is DRT. Now the case is going before a grand jury Has there been one constant since the bailout bill was signed? Why yes, there has! The stock market has been in a constant decline. Barack Obama hasn't held a press conference in over a month. There's a reason for that. Teleprompters don't work very well at press conferences. Terrorist bomber William Ayers - still unrepentant - says that the Republicans just have to "get over it." Yeah, the buy bombs the Pentagon and the U.S. Capitol, wants to throw more bombs, and we're supposd to "get over it." Only Democrats can forget something like this. To get to the beginning of our subprime mortgage crisis .. maybe we need to go back to the wonderful days of sunshine, green lights, blue skies and ... Jimmy Carter! Not to mention 17% interest rates on home mortgages. Employers are working now to reduce employment. Why? Because they fear what is going to happen when Obama becomes president and brings his pro-union agenda to Washington DC. | ||
| Jamie Dupree's Blog If you enjoy Neal's daily chat with Jamie Dupree, you'll love Jamie's Blog! Check it out for analysis of the campaigns and goings on in Washington D.C. Tales from the Dad Side Steve Doocy from Fox & Friends has a new book: Tales From the Dad Side - Misadventures in Fatherhood. Read an excerpt and then buy the book here. Check out these videos of Steve.
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Belinda Skelton, Cristina Gonzalez and Laura Nunemaker assist in the daily preparation of Nealz Nuze! |
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