Government

Signs Of The Time, Part 74

Any readers know who Oscar Ramiro Ortega-Hernandez is?

He was the young man charged with the attempted assassination of U.S. President Barack Obama back in November 2011 when he fired shots at the White House. Thankfully, no one was hurt in the attack.

The other day, I spotted this on the legal news site LawyerHerald.com. A staff writer reported Tuesday:

According to a Bloomberg report, an Idaho man has been sentenced to 25 years in prison after pleading guilty to firing an assault rifle at the White House from his car. 23 year-old Oscar Ramiro Ortega-Hernandez admitted to shooting at the White House from his car. His lawyers claimed in a memo to presiding US District Judge Rosemary Collyer that their client has the misguided idea that his action would make the public aware that an Armageddon is coming and that Ortega-Hernandez has no intention to hurt anyone nor President Barack Obama…

Ortega-Hernandez’s lawyers had asked Collyer to hand down only a 10-year jail sentence for their client…

According to the memo submitted to Collyer for a reduced sentence, Ortega-Hernandez allegedly fell under the influence of survivalists following a childhood where he has been living in many places and saw his parents separated…

(Editor’s note: Bold added for emphasis)

Ah, it was the survivalists’ fault.

Apparently, Judge Collyer didn’t buy that argument.

But it was only a matter of time before someone demonized preppers/survivalists again after the Sandy Hook shootings.

Remember what was being said back then about one of the first victims of the violence- Nancy Lanza? I blogged on December 17, 2012:

I’ve come across two more web articles that don’t paint the modern survivalist movement in a positive light.

In fact, some might argue they’re attempting to connect prepping with the Sandy Hook school shootings.

From The Telegraph (UK) website yesterday:

Connecticut school shooting: Adam Lanza’s mother was preparing for disaster

The mother of the gunman who killed 20 children and seven adults in America’s worst school massacre, was a gun-proud “survivalist” preparing for economic collapse, it has emerged.

Nancy Lanza, whose gun collection was raided by her son Adam for Friday’s massacre at Sandy Hook school, was part of the “prepper” movement, which urges readiness for social chaos by hoarding supplies and training with weapons.

“She prepared for the worst,” her sister-in-law Marsha Lanza told reporters. “Last time we visited her in person, we talked about prepping – are you ready for what could happen down the line, when the economy collapses?”

And then there’s this from The Independent (UK) site this morning:

Mother of Sandy Hook school gunman Adam Lanza was a ‘prepper’ survivalist preparing for economic and social collapse, say reports

Friends and family have portrayed Mrs Lanza as a paranoid ‘survivalist’ who believed the world was on the brink of violent collapse.

“Paranoid.” Regrettably, preppers and survivalists should expect more of the same from the establishment politicians, their “presstitutes,” and low-information supporters going forward.

Whereas I- not a prepper but gleaning ideas and knowledge from them- see these individuals for the most part as simply wanting to carry on with their lives and look after themselves, loved ones, and friends in the event of an emergency or disaster.

Did I mention that by their actions they free up police, fire, and other public safety agencies to attend to those who for some reason or another failed to prepare for a major crisis?

Paranoid, or actually patriots?

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

“Court hands out a 25-year prison sentence on White House shooter.” Lawyer Herald. 1 Apr. 2014. (http://www.lawyerherald.com/articles/5175/20140401/court-hands-out-a-25-year-prison-sentence-on-white-house-shooter.htm). 4 Apr. 2014.

Tags: , , , , , , , , , , , ,

Where Illinois Ranks In U.S. On Key Indicators In 2014 Compared To 4 Years Ago

“A state of distress”

That’s what the Chicago Tribune had at the top of an opinion piece that was published last Sunday on their website (was also in the Sunday paper too).

And it pretty much sums up what’s going on in Illinois when a comparison of where the state ranks nationally on various indicators is made to just a short four years ago.

From the Tribune on March 30:

Is Illinois better off in 2014 than it was four years ago? In 2010 we pored over a virtual library of statistics to assess where Illinois stood relative to other states and produced a chart much like this one. Today we replicate that exercise as closely as the data permit, with comparisons to Illinois’ national stature in 2010. By economic and jobs measures, Illinois has fallen further. By some education metrics, Illinois has improved. Our kids are still chubby…

(Editor’s note: Italics added for emphasis)

Areas looked at included:

• Economy and Jobs
• Governance
• Health
• Education
• State of Mind

The word most often used by the paper to describe how they now stand in comparison to four years ago?

“Worse”

It’s an insightful- yet disturbing- read, which you can find here on the Tribune website.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Tags:

Friday, April 4th, 2014 Education, Employment, Government, Health No Comments

Venezuela Food Shortages Give Rise To Registration

In the 2008 film The Hurt Locker, there’s a part where the main character, a U.S. Army Explosive Ordnance Disposal (EOD) specialist, returns home. While shopping for groceries, he becomes overwhelmed by the enormity of choices and amount available for purchase…


“The Hurt Locker- grocery store scene”
YouTube Video

It was a humorous yet sobering reminder of the abundance of food in our society.

At least for now.

Compare that to present-day Venezuela, where food shortages are becoming a serious problem. From the Associated Press on Tuesday:

Battling food shortages, the Venezuelan government is rolling out a new ID system that is either a grocery loyalty card with extra muscle or the most dramatic step yet towards rationing in Venezuela, depending on who is describing it.

President Nicolás Maduro’s administration says the cards to track families’ purchases will foil people who stock up on groceries at subsidised prices and then illegally resell them for several times the amount. Critics say it’s another sign the oil-rich Venezuelan economy is headed toward Cuba-style dysfunction.

Registration begins at more than 100 government-run supermarkets across the country on Tuesday and working-class shoppers – who sometimes endure hours-long queues at the stores to buy cut-price groceries – are welcoming the plan…

Rigid currency controls and a shortage of US dollars make it increasingly difficult for Venezuelans to find imported basic products such as milk, flour, toilet paper and cooking oil.

In January, more than a quarter of basic staples were out of stock in Venezuelan stores, according to the central bank’s scarcity index. The shortages are among the problems cited by Maduro’s opponents who have been staging protests since mid-February…

(Editor’s note: Bold added for emphasis)

I feel bad for the Venezuelans that these shortages are taking place.

At the same time, it’s a good reminder for Americans that prepping for hard times isn’t all about socking away just guns and gold.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

“Venezuela tackles food shortage with ID card system.” Associated Press. 1 Apr. 2014. (http://www.theguardian.com/world/2014/apr/01/venezuela-food-shortage-id-cards). 3 Apr. 2014.

Tags: , , , , , ,

Must-Watch Speech: Milwaukee County Sheriff David Clarke On Responsibly-Armed Americans

Heading north past the state line, Milwaukee County Sheriff David A. Clarke, Jr., is in the headlines again. Sheriff Clarke’s name may ring a bell with regular readers of Survival And Prosperity due to a memorable Milwaukee County Sheriff’s Office PSA he recorded around the beginning of 2013. I blogged back on January 27, 2013

North of “Madiganistan,” there’s a new ad being aired on the radio:

I’m Sheriff David Clarke and I want to talk to you about something personal- your safety. It’s no longer a spectator sport- I need you in the game. But are you ready? With officers laid off and furloughed, simply calling 911 and waiting is no longer your best option. You could beg for mercy from a violent criminal. Hide under a bed. Or you can fight back. But are you prepared? Consider taking a certified safety course in handling a firearm so you can defend yourself until we get there. You have a duty to protect yourself and your family. We’re partners now. Can I count on you?

This safety message brought to you by the Milwaukee County Sheriff’s Office.

At a recent United States Concealed Carry Association Open House Event held in West Bend, Wisconsin, Sheriff Clarke spoke of that PSA and subsequent ones, including the support and disdain he received from them. Clarke told the USCCA open house audience:

I got tired of seeing the Second Amendment becoming the bastard child of the Bill of Rights. As far as I’m concerned, the Second Amendment is as important as the First Amendment, it’s as important as the Fourth Amendment against unreasonable searches and seizures, it’s as important as the Fifth Amendment right to counsel, it’s as fundamental as the Eighth Amendment’s prohibition against cruel and unusual punishment, and on and on and on.

And but for the Second Amendment, the other ones are not possible.

Because what leads to despots in our history- you first disarm people, you gain control of the media.

That gives rise to despots. And that’s the importance of an armed citizenry…

It’s a terrific speech about responsibly-armed Americans, which you can watch in its entirety (less than 15 minutes) below…

“Gutsy Milwaukee County Sheriff David Clarke Delivers Unforgettable Speech at USCCA Event”
(Speech from 2:46 to 17:07)
YouTube Video

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Tags: , , , , , , , , , , ,

Poll Of Illinois Voters: 89% Feel Political Corruption Somewhat Common In State

I don’t talk about the topic too often, but political corruption was the focus of a recent poll taken by the Paul Simon Public Policy Institute down at Southern Illinois University in Carbondale. From a press release Monday:

Illinois Voters: Political Corruption “Common” In Our State

Overwhelming majorities of Illinois voters believe political corruption is the norm for both federal and state governments, according to the latest poll by the Paul Simon Public Policy Institute at Southern Illinois University.

Fewer people believe political corruption at the local level affects their lives – unless they live in Chicago.

The poll of 1001 registered voters across the state conducted Feb. 12 -25 has a margin for error of plus or minus 3.5 percentage points. The survey found:

• 89 percent of Illinoisans feel corruption is somewhat common in the state, with 53 percent believing it’s very common.

• 79 percent say corruption at the federal level is at least somewhat common, with 45 percent saying it’s very common.

• 62 percent of all Illinoisans believe county or city political corruption is at least somewhat common, with 35 percent reporting local corruption to be very common.

° However, 85 percent of those living in Chicago believe county or city political corruption is at least somewhat common, with 55 percent perceiving local corruption to be very common.

“These are sad numbers,” said David Yepsen, Director of the Institute. “No wonder many people don’t vote and participation in civic affairs seems limited. It’s unhealthy for a society to have such little confidence in the integrity of government. It makes Illinois an unattractive place to live.”

“It makes Illinois an unattractive place to live.”

That it does, Mr. Yepsen. That it does.

Note that bit about Chicago.

Back on February 4, 2012, I blogged:

This afternoon I was running errands around the Chicagoland area when I heard on WBBM Newsradio 780 that a new study showed Chicago is the most corrupt city in the nation. From the CBS Channel 2 Chicago website:

A former Chicago alderman turned political science professor/corruption fighter has found that Chicago is the most corrupt city in the country.

He cites data from the U.S. Department of Justice to prove his case. And, he says, Illinois is third-most corrupt state in the country

University of Illinois professor Dick Simpson estimates the cost of corruption at $500 million…

(Editor’s note: Bold added for emphasis)

Truly, a sad state of affairs.

You can read the entire press release (.pdf format) from the Paul Simon Public Policy Institute on their website here.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Tags: , , , , , , , , , , ,

Wednesday, April 2nd, 2014 Corruption, Government No Comments

Peter Schiff: No Recovery, Just An Illusion Of Prosperity

I first started paying attention to Euro Pacific Capital’s Peter Schiff just prior to picking up his book Crash Proof: How to Profit From the Coming Economic Collapse (now Crash Proof 2.0, second edition) shortly after its early 2007 release. While some of the calls he made in that controversial text are still playing out, others have already come to fruition.

Subsequently, Schiff has been given credit for correctly-calling the U.S. housing bubble and its burst, and the 2008 global economic crisis.

Being one of Survival And Prosperity’s “crash prophets,” his latest investment recommendations are chronicled on this blog. As are his economic analyses and forecasts as well.

Here’s a recent breakdown of what Schiff sees going on with the U.S. economy and larger financial system, courtesy of a March 21 commentary entitled “Debt and Taxes” that’s posted on his Euro Pacific Capital website:

The last few years have proven that there is no line Washington will not cross in order to keep bubbles from popping. Just 10 years ago many of the analysts now crowing about the perfect conditions would have been appalled by policies that have been implemented to create them. The Fed has held interest rates at zero for five consecutive years, it has purchased trillions of dollars of Treasury and mortgage-backed securities, and the Federal government has stimulated the economy through four consecutive trillion-dollar annual deficits. While these moves may once have been looked on as something shocking…now anything goes.

But the new monetary morality has nothing to do with virtue, and everything to do with necessity. It is no accident that the concept of “inflation” has experienced a dramatic makeover during the past few years. Traditionally, mainstream discussion treated inflation as a pestilence best vanquished by a strong economy and prudent bankers. Now it is widely seen as a pre-condition to economic health. Economists are making this bizarre argument not because it makes any sense, but because they have no other choice.

America is trying to borrow its way out of recession. We are creating debt now in order to push up prices and create the illusion of prosperity. To do this you must convince people that inflation is a good thing…even while they instinctively prefer low prices to high. But rising asset prices do little to help the underlying economy. That is why we have been stuck in what some economists are calling a “jobless recovery.” The real reason it’s jobless is because it’s not a real recovery! So while the current booms in stocks and condominiums have been gifts to financial speculators and the corporate elite, average Americans can only watch from the sidewalks as the parade passes them by. That’s why sales of Mercedes and Maseratis are setting record highs while Fords and Chevrolets sit on showroom floors. Rising prices to do not create jobs, increase savings or expand production. Instead all we get is debt, which at some point in the future must be repaid

(Editor’s note: Bold added for emphasis)

“Which at some point in the future must be repaid”

Good luck trying to get your average American in 2014 to wrap their head around that crucial concept.

Once again, I agree with Schiff’s observation of what is going on all around us.

“Illusion of prosperity” is a fine choice of words here, and makes sense that I find a fine economic blog by the same name good reading.

As certain as the “Big One” will eventually hit California, so must our nation’s “financial reckoning day” arrive for all this debt we’ve accrued for some short-term “prosperity.”

You can read Schiff’s entire commentary on the Euro Pacific Capital website here.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Tags: , , , , ,

Chicago Wakes To Proposed Property Tax Hike On April Fool’s Day

Many Chicagoans probably wish what’s being widely-reported in the local news this morning about a proposed property tax hike is just a silly April Fool’s joke.

It’s not.

Fran Spielman wrote on the Chicago Sun-Times website last night:

Chicago property owners will face $250 million in property tax increases over five years while city employees make increased pension contributions that will cost them at least $300 more a year, under landmark reforms unveiled Monday…

The new revenue the mayor had promised only after pension reform will come in the form of $50 million property tax increases for five straight years, beginning next year and continuing through 2019.

Top mayoral aides estimate that would cost the owner of a home valued at $250,000 with an annual property tax bill of $4,000 roughly $58 more or $290 over the five-year period. That’s on top of expected increases for the Chicago Board of Education and Chicago Park District…

(Editor’s note: Bold added for emphasis)

A couple of thoughts here:

First off, is anyone really surprised this is happening?

Regular readers of this blog shouldn’t be.

Higher fees, fines, and taxes. Less government services.

I’ve been squawking this for quite some time now.


“Black Dynamite- Who saw that coming?”
YouTube Video

Second, a $250,000 home? When discussing a Chicago Board of Education property tax hike last August, I blogged:

$230,000? You’d be hard-pressed to find a home for that little money in my former stomping grounds on the Northwest Side.

The same holds true for a $250,000 one (especially if it’s a property big enough for a family and doesn’t require a ton of work).

Which means many of my old neighbors will be coughing up significantly more than just $58 annually/$290 over five years as a result of this proposed hike.

And they already pay a big chunk of change to the City’s coffers.

Third, Spielman added last night:

The bottom line, according to Emanuel, is a plan that spreads the burden between employees, retirees and homeowners without raising property taxes so high that it triggers a mass exodus to the suburbs…

“Mass” being the key word here, because an exodus has already started. Former Chicago residents who have awakened to the “writing on the wall” are moving to the suburbs (yours truly included), leaving Cook County, and departing the state.

The push to make “temporary” personal and corporate income tax hikes permanent and the pursuit of class warfare in the form of a proposed millionaire tax hike by the ruling political party in the city, county, and state certainly don’t help the situation either.

Fourth, I can’t stand when tax hikes are proposed despite the lack of significant belt-tightening. Think the City of Chicago is as lean-and-mean as it possibly can be with its operations and set-up?

As long as 50 aldermanic wards exist, I’d argue no.

Fifth, as it stands right now, there’s still a state-required $600 million contribution due next year from the City to stabilize police and fire pension funds that this proposed property tax hike doesn’t address and has to be dealt with. Hal Dardick an Bill Ruthhart reported on the Chicago Tribune website this morning:

But the proposal the mayor and his top aides outlined late Monday would not address huge pension shortfalls for Chicago police, firefighters and teachers. Nor would it deal with the city’s most immediate, pressing financial problem: a state requirement to pay a whopping $600 million more toward police and fire pensions next year, a provision that could lead to a combination of tax increases, service cuts and borrowing

(Editor’s note: Bold added for emphasis)

You read right. Possibly more “tax increases, service cuts and borrowing” coming down the line shortly for Chicago residents.

Stay tuned…

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

Spielman, Fran. “Pension deal pinches city workers and taxpayers.” Chicago Sun-Times. 31 Mar. 2014. (http://politics.suntimes.com/article/chicago/exclusive-pension-deal-pinches-city-workers-and-taxpayers/mon-03312014-821pm). 1 Apr. 2014.

Dardick, Hal and Ruthhart, Bill. “Emanuel’s pension fix: Shrink benefits, raise taxes.” Chicago Tribune. 1 Apr. 2014. (http://www.chicagotribune.com/news/local/ct-rahm-emanuel-pension-property-tax-increase-met–20140401,0,1662095,full.story). 1 Apr. 2014.

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Quote For The Week

“The world is not going to be saved by legislation.”

-William Howard Taft (10th Chief Justice, 27th President of the United States)

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Tags: ,

Illinois Millionaire Tax Moves Out Of Committee, Goes To House For Vote

This Monday, I blogged about Illinois House Speaker Michael Madigan (D-Chicago) pushing for an income tax hike on the estimated 13,000 or so millionaires residing in the state.

The proposed legislation is making progress in the Democrat-controlled Illinois General Assembly. Doug Finke reported on The State Journal-Register (Springfield) website last night:

An Illinois House committee Thursday signed off on a measure that would allow voters to decide if millionaires should pay more in state income taxes…

The committee voted along party lines to approve the proposed constitutional amendment by House Speaker Michael Madigan, D-Chicago, that would impose a 3 percent surtax on incomes above $1 million. Income up to $1 million would continue to be taxed at the state’s personal income tax rate, currently set at 5 percent…

The proposed amendment now goes to the full House, which must approve it by a three-fifths vote. The Senate will then have to approve it by the same margin for the issue to appear on the November ballot

(Editor’s note: Bold added for emphasis)

Opponents of the tax hike claim it not only unfairly penalizes successful residents of the state, but hurts everyone else in that it may drive away wealth from Illinois.

Speaker Madigan’s response? He was quoted by the Chicago Tribune last Friday as saying:

Well, if they’re in Illinois today, they’re probably so much in love with Illinois that they’re not going to leave.

Eye-roll please…

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

Finke, Doug. “Millionaire tax amendment advances to House; progressive income tax rejected.” The State Journal-Register. 27 Mar. 2014. (http://www.sj-r.com/article/20140327/NEWS/140329457/-1/json/?tag=2). 28 Mar. 2014.

Garcia, Monique, Long, Ray, and Zurich, Maura. “Illinois Democrats go all-in on class warfare theme.” Chicago Tribune. 21 Mar. 2014. (http://articles.chicagotribune.com/2014-03-21/news/chi-speaker-madigan-proposes-asking-voters-to-raise-taxes-on-wealthy-20140320_1_tax-hike-bruce-rauner-income). 24 Mar. 2014.

Tags: , , , , , , , , , , , ,

USDA: Food Prices Expected To Rise 2.5 To 3.5 Percent In 2014

It’s not only prices at the pump that are going up these days where I live.

From what I’ve seen, food prices keep rising as well (while portions continue to shrink).

And it looks to continue that way in 2014. Ros Krasny reported on the Reuters website Tuesday:

U.S. food prices are expected to rise more rapidly this year after a very tame 2013, led by gains in beef, poultry and egg prices, the U.S. Department of Agriculture said on Tuesday.

The food price inflation outlook assumes normal weather, the USDA said, adding that the California drought poses a risk of bigger increases in many food categories, and that high supermarket prices for beef are “here to stay.”

Various measures, including overall food, food-at-home and food-away-from-home prices, are expected to rise by 2.5 to 3.5 percent in 2014. The consumer price index for all food prices rose by 1.4 percent in 2013…

(Editor’s note: Bold added for emphasis)

Krasny added that according to the USDA, prices at the supermarket have risen by an average of 2.8 percent annually since 1990.

I blogged about potential avenues for saving in this area back on March 10, 2011, and March 23, 2013.

Seeing that a landscaper is scheduled to stop by tomorrow, now’s as good a time as any to formulate a plan for fighting higher food costs while moving towards food self-sufficiency here in the Chicago suburbs. I’ll fill you in on what I’ve come up with in a future “Project Prepper” post (starting up again next week).

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Krasny, Roz. “Pricier beef ‘here to stay’ as food costs seen higher: USDA.” Reuters.com. 25 Mar. 2014. (http://www.reuters.com/article/2014/03/25/us-usa-agriculture-inflation-idUSBREA2O13Q20140325). 27 Mar. 2014.

Tags: , , , , , , , , , , , , , ,

Milestone: Survival And Prosperity Reaches 2,000 Posts

Yesterday was a milestone for Survival And Prosperity:

2,000 posts have now been published on the blog

Not bad considering the weblog was started a little less than three-and-a-half years ago.

My previous flagship blog, Boom2Bust.com, “The Most Hated Blog On Wall Street,” only reached around 1,500 posts.

I think a little celebration is called for, don’t you?


“Clerks Dance”
YouTube Video

There’s lots more blogging to be done. Washington and the Fed has managed to “kick the can down the road” this far, and while the economic picture might look rosy to many for a bit longer, I’m still not deviating from that prediction I made back on Memorial Day Weekend 2007 about a U.S. financial crash.

In fact, I believe we’ve already started into the descent. And gradually, the U.S. economy and larger financial system that is weighed down by tremendous debt and steered by greed, arrogance, and incompetence will eventually crash hard.

That being said, America has been here before (Great Depression). And I do see the country getting back on firm economic ground again. But only after the excesses off a multi-decade debt binge are effectively purged.

No “doomsday,” but definitely a “financial reckoning day.”

In the meantime, it’s probably wise to take advantage of the present situation to prepare for what I see is in store for the country down the road. Whether that means finding a line of work that’s more stable or acquiring more income to preserve one’s standard of living in hard times, it’s something one may want to look into and take action on while it’s still possible to do so. Of course, individual circumstances vary. Still, improving one’s self-sufficiency- even incrementally- can make a big difference in an emergency or major crisis. It’s something our predecessors in this great nation of ours understood and practiced, but unfortunately has fallen by the wayside in modern times.

Survival and prosperity. That’s what this blog continues to be all about.

Christopher E. Hill
Editor

Tags: ,

Misled: Illinois Governor Pat Quinn Wants 2011 ‘Temporary’ Income Tax Hikes Made Permanent

“He said he would, and now that the election is over, Governor Quinn is ready to raise the state income tax.

The governor says he intends to propose increasing the state income tax by 33 percent

The governor said he views his defeat of Republican Bill Brady, who opposed a tax hike as a vote to deal with the state budget and raise taxes.”

-FOX 32 (Chicago) website, November 8, 2010

“Gov. Pat Quinn said today he will sign a major income tax increase as soon as it hits his desk and rejected criticism that he had misled taxpayers by saying during his campaign he would only sign a smaller increase…

Quinn said ‘no’ when asked if he had been dishonest with taxpayers for campaigning during the 2010 election on a 1 percentage point increase in the income tax rate but now agreeing to sign the 2 percentage point hike.

The governor sought to justify the larger increase in part by saying fiscal experts had told leaders the state’s financial problems were escalating in the last two months.

‘Our house was burning,’ Quinn said. ‘Our fiscal house was burning.’”

-Chicago Tribune website, January 12, 2011

“Gov. Pat Quinn today signed a major income tax increase the Legislature passed earlier this week.

The Democratic governor’s signature on the legislation means the 67 percent increase in the personal income tax increase takes effect immediately. Corporate income taxes also rose 46 percent…”

-Chicago Tribune website, January 13, 2011

“The legislation that was pushed through by Democratic lawmakers, who have controlled Illinois state government since 2003, hikes the 3 percent personal income tax rate to 5 percent until 2015, when the rate is supposed to drop to 3.75 percent. However, the last time income tax rates in the ‘Land of Lincoln’ went up in 1989, politicians also claimed it was as a temporary increase to combat a financial ‘rough patch.’ But the rates never came down and by 1993 were designated permanent. Until now, that is…”

-Survival And Prosperity post, January 13, 2011

“In his election-year budget speech Wednesday, Gov. Pat Quinn called on lawmakers to make permanent the 67 percent temporary income tax increase they approved in 2011

Quinn’s budget speech was the first time he directly addressed what should be done about the pending expiration of much of the temporary tax increase. When lawmakers approved raising the state’s personal income tax rate from 3 percent to 5 percent, they stipulated that the rate should drop to 3.75 percent on Jan. 1, 2015…”

-The State Journal-Register (Springfield), March 26, 2014

(Editor’s note: Italics added for emphasis)

Let me guess. “Our fiscal house is burning.”

Something’s burning alright. And Governor Quinn’s wearing them below his waist.

“Facts are stubborn things, and it’s time to set the record straight…”

-Illinois Governor Pat Quinn, Chicago Tribune opinion piece, January 19, 2011

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

“Pat Quinn Plans Income Tax Increase After Elected Governor.” FOX 32. 8 Nov. 2010. (http://www.myfoxchicago.com/story/17817497/pat-quinn-plans-income-tax-increase-after-elected-governor). 26 Mar. 2014.

Long, Ray and Pearson, Rick. “How Democrats wrangled the tax votes in
Springfield.” Chicago Tribune. 12 Jan. 2011. (http://articles.chicagotribune.com/2011-01-12/news/ct-met-tax-hike-how-did-it-pass-20110112_1_income-tax-tax-votes-senate-president-john-cullerton). 13 Jan. 2011.

Long, Ray. “Governor signs income tax increase.” Chicago Tribune. 13 Jan. 2011. (http://newsblogs.chicagotribune.com/clout_st/2011/01/governor-signs-income-tax-increase.html). 13 Jan. 2011.

Finke, Doug. “Quinn makes case to leave state income tax increase in place.” The State Journal-Register. 26 Mar. 2014. (http://www.sj-r.com/article/20140326/NEWS/140329542). 26 Mar. 2014.

Quinn, Pat. “Border Wars.” Chicago Tribune. 19 Jan. 2011. (http://articles.chicagotribune.com/2011-01-19/opinion/ct-oped-0119-illinois-20110119_1_world-class-universities-and-research-budget-reforms-border-wars). 26 Mar. 2014.

Tags: , , , , , , , , ,

Thursday, March 27th, 2014 Government, Income, Political Parties, Taxes No Comments

President Obama: ‘Nuclear Weapon Going Off In Manhattan’ Top U.S. Security Threat

Occasionally, I blog about the threat of nuclear terrorism for the United States.

Earlier today, President Barack Obama spoke at a news conference while attending the Nuclear Security Summit 2014 in Holland. The U.S. President brought up the danger of a nuclear device being detonated in one of America’s major cities. From a transcript provided by the Federal News Service:

And so my response then continues to be what I believe today, which is Russia’s actions are a problem. They don’t pose the number-one national security threat to the United States. I continue to be much more concerned when it comes to our security with the prospect of a nuclear weapon going off in Manhattan, which is part of the reason why the United States, showing its continued international leadership, has organized a forum over the last several years that’s been able to help eliminate that threat in a consistent way…

(Editor’s note: Italics added for emphasis)

Think he knows something the majority of Americans don’t?

Personally, I’d be hard-pressed to live in or around New York City or Washington, D.C., if you catch my drift…

You can read the entire transcript on The Washington Post website here.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Tags: , , , , , , ,

Tuesday, March 25th, 2014 Europe, Foreign Policy, Government, Terrorism No Comments

Chicago To Host Nuclear Security Summit 2016

This morning, I found out Chicago will be hosting another international summit two years from now. Stacy St. Clair reported on the Chicago Tribune website a short time ago:

President Barack Obama will host the next nuclear security summit in Chicago in 2016, once again gathering world leaders in his hometown for a major international event.

Obama made the announcement this morning at the end of this year’s summit in the Netherlands, where the leaders from 53 countries participated. The exact date has not been announced.

This would be the second major international gathering held in Chicago during Obama’s presidency. In 2012, the city hosted a NATO summit that drew representatives from more than 60 countries as well as a sizeable group of protestors from around North America…

Ah yes, the protesters. I’m sure the Chicago Police Department are thrilled to hear of this announcement.

Here’s some video of the “civil disobedience” taking place at this year’s Nuclear Security Summit at The Hague:


“The Netherlands: Nuclear Security Summit draws protests”
YouTube Video

Not much unruliness going on from what I can see. Still, two years from now economic conditions may be significantly worse, with the gathering serving as a focal point for increased discontent.

For all you Chicagoans hoping to get out of Dodge during the summit, like St. Clair said, nothing’s been scheduled yet. However, the prior three summits have all taken place in late March-first part of April, if that helps.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

St. Clair, Stacy. “Obama to host nuclear security summit in Chicago in 2016.” Chicago Tribune. 25 Mar. 2014. (http://www.chicagotribune.com/news/local/breaking/chi-obama-to-host-nuclear-security-summit-in-chicago-in-2016-20140325,0,5154031.story). 25 Mar. 2014.

Tags: , , , , , , , , , , ,

Wisconsin Cuts Taxes While Illinois Looks To Make 2011 ‘Temporary’ Tax Hikes Permanent

Throughout the years, I’ve known/met a number of Illinois residents who can’t stand Wisconsin. Mostly from the Chicago area, they equate Wisconsin and its residents as being unsophisticated clowns.

I wonder if they haven’t noticed by now that the only circus around is in the “Land of Lincoln.”

While Illinois falls deeper into an economic abyss (public pension fix my butt), Wisconsin seems to have gotten their finances under control and look to be on the path to prosperity.

So much so they’re cutting taxes. Again.

Patrick Marley and Jason Stein reported on the Milwaukee Journal Sentinel website Monday afternoon:

Lowering taxes for the third time in less than a year, Gov. Scott Walker signed his $541 million tax cut bill in a ceremony Monday at a farm in Cecil as he travels through central and northern Wisconsin touting it.

Speaking at Horsens Homestead Farms, about 35 miles northwest of Green Bay, Walker called it a great day for Wisconsin taxpayers and a sign of the state’s shifting financial fortunes in recent years.

“Now, instead of billion dollar budget deficits, we have a surplus — and today that money is on its way to the workers, parents, seniors, property owners, veterans, job creators and others. You deserve to keep as much of your hard-earned money as possible — because after all, it is your money,” Walker said.

With growing tax collections now expected to give the state a $1 billion budget surplus in June 2015, Walker’s tax proposal will cut property and income taxes for families and businesses, and zero out all income taxes for manufacturers in the state.

Though the state’s tax revenue is increasing, GOP lawmakers and Walker are trimming state spending slightly for the next three years rather than increasing it

(Editor’s note: Italics added for emphasis)

Meanwhile, across the Cheddar Curtain in Illinois there’s this on the website of The State Journal-Register (Springfield). Doug Finke reported Friday:

Hundreds of employees would be laid off, state facilities would be closed and thousands of prison inmates released without supervision, state agency directors told senators Friday during a hearing to gauge the effect of possibly severe spending cuts next year.

During a more than three-hour joint hearing of the two Senate Appropriations committees, agency after agency warned of drastic consequences should they be forced to cut their current budgets by 20 percent.

“There would be extreme consequences for the economy across Illinois,” warned Ben Winick of Gov. Pat Quinn’s budget office. “Over a dozen state facilities would have to close. Thousands of state employees would have to be laid off.”

The hearing occurred just days before Quinn is scheduled to finally deliver his budget outline for the fiscal year that starts July 1…

Translated? Illinois residents, this is what will happen if you don’t support making the Democrat-led temporary 67 percent personal income tax hike and 46 percent corporate income tax hike implemented in January 2011 permanent next year.

I hear Governor Quinn will be delivering his budget plan tomorrow.

Instead of ridiculing Wisconsin, us FIBs (F***ing Illinois Bastards as we’re known by up there) might want to start emulating our neighbors to the north in certain respects before we completely destroy Illinois.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

Marley, Patrick and Stein, Jacob. “Scott Walker signs tax cut legislation.” Milwaukee Journal Sentinel. 24 Mar. 2014. (http://www.jsonline.com/news/statepolitics/scott-walker-set-to-sign-tax-cut-legislation-b99231851z1-251936261.html). 24 Mar. 2014.

Finke, Doug. “State agencies outline cuts if forced to make 20% reductions.” The State Journal-Register. 21 Mar. 2014. (http://www.sj-r.com/article/20140321/NEWS/140329821). 24 Mar. 2014.

Tags: , , , , , , , , , , , , , , , , , , , , , , ,



Christopher E. Hill, Editor
87,086 Unique Visitors in 2013
360,266 Unique Visitors from
11/22/10-3/31/14
Please Rate this Blog HERE
Afford retirement – learn how. New Affiliate Partner! Casey Research
ANY CHARACTER HERE
free knife with blackhawk New Affiliate Partner! CHIEF Supply
ANY CHARACTER HERE
MyPatriotSupply.com Reviewed HERE
ANY CHARACTER HERE
Nitro-Pak--The Emergency Preparedness Leader Nitro-Pak Reviewed HERE
ANY CHARACTER HERE
JM Bullion Reviewed HERE
ANY CHARACTER HERE
Free 2014 Gold Guide New Affiliate Partner! Casey Research
ANY CHARACTER HERE
Food Insurance Food Insurance Reviewed HERE
ANY CHARACTER HERE
GoldSilver.com Reviewed HERE
ANY CHARACTER HERE
Buy gold online - quickly, safely and at low prices BullionVault.com Reviewed HERE
ANY CHARACTER HERE
Going Global 2014 New Affiliate Partner! Casey Research
ANY CHARACTER HERE
Get Free Shipping at BrownellsBrownells Reviewed HERE
ANY CHARACTER HERE
Smoky Mountain Knife Works Reviewed HERE
ANY CHARACTER HERE
Buying Gold GoldMoney Reviewed HERE
ANY CHARACTER HERE
New Affiliate Partner! CHIEF Supply
ANY CHARACTER HERE
RealtyTrac RealtyTrac Reviewed HERE
ANY CHARACTER HERE
PyramidAir.com Reviewed HERE
ANY CHARACTER HERE
Airsoft Megastore - Limited Time Savings, Save Up to 20% Airsoft Megastore Reviewed HERE
ANY CHARACTER HERE
 

Categories

Archives