Bud Hunt's Site

Maybe Our Last Chance

Today, over 100 million persons—one in three Americans—receive benefits from at least one means-tested welfare program. Most have learned to work the system.

Here is an auto dealer’s report in Detroit, yesterday at the dealership:

“I’ll try to make this as short and to the point as I can. One of my salesmen here had a woman in his office yesterday wanting to lease a brand new Focus. As he was reviewing her credit application with her he noticed she was on social security disability. He said to her you don’t look like you’re disabled and unable to work. She said well I’m really not. I could work if I wanted to, but I make more now than I did when I was working and got hurt (non-disabling injury).

She said the gov’t sends her $1500.00 a month in 1 check. And she gets $700.00 a month on an EBT card (food stamps), and $800.00 a month for rent. Oh yeah, and 250 minutes free on her phone. That is just south of $3500.00 a month.

When she was working, she was taking home about $330.00 per week. Do the math and then ask yourself why the hell should she go back to work.

If you multiply that by millions of people, you start to realize the scope of the problem we face as a country. Once the socialists have 51% of the population in that same scenario, we are finished.

The question is when do we cross that threshold if we haven’t already, and there are not enough people working to pay enough taxes to support the non-working people? Riots? Be prepared to protect your homes.

She didn’t lease the Focus here because the dealer down the road beat our deal by $10.00/month. Glad to know she is so frugal with her hard earned money.”

This senario is in keeping with the design for our county by President Obama. He warned us that “he would change the U.S.” and he has done it. We have become a Socialist, Administrative State, with a Constitution debased and tattered. Hopefully we can persevere for the next two years when we are given another, maybe a last chance, to elect a Republican President.

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America the “Free”….

The information listed below explains how Obama got re-elected. His followers are all on the dole. Gives a new meaning to America the Free.

The number of Americans receiving subsidized food assistance from the federal government has risen to 101 million, representing roughly a third of the U.S. population.

The U.S. Department of Agriculture estimates that a total of 101,000,000 people currently participate in at least one of the 15 food programs offered by the agency, at a cost of $114 billion in fiscal year 2012.

That means the number of Americans receiving food assistance has surpassed the number of full-time private sector workers in the U.S.

According to the Bureau of Labor Statistics (BLS), there were 97,180,000 full-time private sector workers in 2012.

The population of the U.S. is 316.2 million people, meaning nearly a third of Americans receive food aid from the government.

Of the 101 million receiving food benefits, a record 47 million Americans participated in the Supplemental Nutrition Assistance Program (SNAP), commonly known as food stamps. The USDA describes SNAP as the “largest program in the domestic hunger safety net.”

The USDA says the number of Americans on food stamps is a “historically high figure that has risen with the economic downturn.”

SNAP has a monthly average of 46.7 million participants, or 22.5 million households. Food stamps alone had a budget of $88.6 billion in FY 2012.

The Democratic party continues to grow along with the giveaway programs they have encouraged.

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Farm Bill Blowout

The House and the Senate are close to voting on their respective farm bills, and Republicans and Democrats in both chambers are already patting themselves on the back for what they have wrought. The new spending package claims to “cut” anywhere from $26 billion to $33 billion (depending on the version) from the Department of Agriculture budget over 10 years. But that’s chicken feed when compared to the nearly $1 trillion price tag for the full bill.

Even that minuscule savings is smoke and mirrors, though, because the bill increases spending 39 percent above the 2008 farm bill in inflation-adjusted dollars.

Furthermore, labeling the package a “farm” bill is an Orwellian misnomer. Close to 80 percent of it will fund programs like food stamps. Membership in the food stamp program, heartily encouraged under Barack Obama, has grown 70 percent since 2008.

Individual foodstamps recipients rose by 170K in March – just a whisker below all time highs – it was the number of American households on foodstamps, which rose to a new all time high of 23,116,441, that’s MILLIONS, (each collecting an average of $274.30 per month), not exactly evidence of an economy on the mend. The other 20 percent of the farm bill is riddled with earmarks completely unrelated to agriculture but that allow elected officials to tell their constituents that they’re bringing home the bacon and if that ain’t pork I don’t know what is!

“If the present Congress errs in too much talking, how can it be otherwise in a body to which the people send 150 lawyers, whose trade it is to question everything, yield nothing, & talk by the hour? That 150 lawyers should do business together ought not to be expected.”

Thomas Jefferson, Date 1821

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Pump Out The Crap….

Here is a down to earth explanation of this country’s economic condition, one that
everyone can understand.

Lesson # 1:

  • U.S. Tax revenue: $2,170,000,000,000
  • Fed budget: $3,820,000,000,000
  • New debt: $ 1,650,000,000,000
  • National debt: $14,271,000,000,000
  • Recent budget cuts: $ 38,500,000,000

Let’s now remove 8 zeros and pretend it’s a household budget:

  • Annual family income: $21,700
  • Money the family spent: $38,200
  • New debt on the credit card: $16,500
  • Outstanding balance on the credit card: $142,710
  • Total budget cuts: $385

Got It ?????

OK now:

Lesson # 2:
Here’s another way to look at the Debt Ceiling:

You come home from work and find there has been a sewer backup in your neighborhood….and your home has sewage all the way up to your ceilings.

What do you think you should do …… Raise the ceilings, or pump out the crap?
Your choice is coming November 2012

I’m for pumping out the crap…

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How Can We Stop The Largest Tax Hike in History?

The largest tax hike in history is due to strike the United States on January 1, 2013. Known as “Taxmageddon,” it would impose $494 billion in higher taxes on the American people in the first year. So terrible would be its impact that yesterday Fed Chairman Ben Bernanke warned Senate Democrats that the country is headed toward a “fiscal cliff” and that Congress must deal with the impending tax nightmare.

On Wednesday, House Speaker John Boehner (R-OH) announced that his chamber will take up the issue before the November election. Knowing Washington’s general reluctance to do anything of substance in an election year, Boehner’s announcement was welcome news given the disastrous ramifications the threat of such a massive tax hike is already having on the economy.

That’s according to Mohammed El-Erian, CEO of Pimco, the world’s largest bond trading firm. El-Erian argues a “prolonged political inaction is likely to postpone building plants and purchasing equipment and to discourage them from hiring.” And that is only an inkling of the blow that would strike the economy if these tax hikes actually took effect.

How could nearly half a trillion dollars in higher taxes hit the American people so fast? What hath prior Congresses wrought? Heritage’s Curtis Dubay explains that the tax hikes come from a series of expiring tax cuts and the imposition of even more new taxes. And Heritage’s J.D. Foster writes that Americans can expect to see the following tax consequences starting next year:

  • Income tax rates shoot up,
  • The child credit is cut in half,
  • The marriage penalty roars back,
  • The capital gains tax rate goes up,
  • The dividend tax rate soars,
  • The payroll tax rate jumps two percentage points,
  • The death tax is restored to its punitive past,
  • The Alternative Minimum Tax relief expires, and
  • A uniquely pernicious additional payroll tax hike from Obamacare takes effect.

Taxmageddon not the only tax problem. A consensus is coalescing in favor of fundamental tax reform, and many members of Congress understandably want real progress. Fortunately, there’s a solution if Congress gets its act together and decides to take action. Foster writes that
solving America’s tax problem should be a simple two-step process:

Step 1) Prevent Taxmageddon. If Congress doesn’t act, Foster says, “The effects on families and businesses would be devastating; the effects on the economy no less so. Congress should make current tax policy permanent and eliminate, once and for all, this cavalcade of tax hikes.” Washington should take action before the election and before the tax hikes hit in order to bring more certainty to the economy and give taxpayers much-needed relief. Taxmageddon is anti-tax reform, a big step in the wrong direction.

Step 2) Usher in true tax reform. America’s tax code inhibits growth and bedevils taxpayers with its maddening complexity. Having prevented a big step in the wrong direction with Taxmageddon, Congress should then lower marginal tax rates and eliminate taxes on saving and investment while eliminating the many ill-advised deductions, exemptions, and credits that distort the economy and clutter the tax code. Foster points to Heritage’s New Flat Tax,
contained in the Saving the American Dream Plan, as the best way to simplify the tax code, make it more fair, and encourage the kind of economic recovery America needs.

Speaker Boehner warned that if Congress does not take action soon, “We’re going to have this mess all stacked up until after the election. And you want to talk about a train wreck? You’re talking about a big one.” He’s right. The American people can’t afford the $494 billion Taxmageddon train wreck, and the time is ripe this summer for Congress to do something to prevent it.

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You say we need a STIMULUS Package

It’s a slow day in the small town of Pumphandle and the streets are deserted. Times are tough, everybody is having a tough time and everyone is living on credit.

A tourist visiting the area drives through town, stops at the motel, and lays a $100 bill on the desk saying he wants to inspect the rooms upstairs to pick one for the night. …

As soon as he walks upstairs, the motel owner grabs the bill and runs next door to pay his debt to the butcher.

The butcher takes the $100 and runs down the street to retire his debt to the pig farmer.

The pig farmer takes the $100 and heads off to pay his bill to his supplier, the Co-op.

The guy at the Co-op takes the $100 and runs to pay his debt to the local prostitute, who has also been facing hard times and has had to offer her "services" on credit.

The hotel proprietor then places the $100 back on the counter so the traveler will not suspect anything.

At that moment the traveler comes down the stairs, states that the rooms are not satisfactory, picks up the $100 bill and leaves.

No one produced anything. No one earned anything. However, the whole town now thinks that they are out of debt and there is a false atmosphere of optimism and glee. And that, my friends, is how a "stimulus package" works!

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