January 4, 2013

Friday Off-Topic (Moderated) Open Thread (010413)

Filed under: Lucid Links — Tom @ 6:01 am

Rules are here. Possible comment fodder may follow later. Other topics are also fair game.




  1. Now that the distraction of the FIRST Fiscal Cliff is done with, when will the clods, i.e. the tax payers figure out that their taxes have been significantly raised via the stealth ObamaCare tax? All employer contributions to purchase health insurance are now imputed income to workers. At the end of January of 2014 (next year) when most Americans get their 1099s and W-4s to add up their income, they will be both puzzled at the $10 to $15k raise in their gross earnings and then enraged when they figure their tax bill for the privilege of having health insurance and a full time job over 30 hours.

    Shhhh, don’t tell the clods making under $400k their 2013 taxes HAVE gone up by $2,000 to $3,000+. Elections have consequences…

    Comment by dscott — January 4, 2013 @ 2:45 pm

  2. Trillion Dollar Coins: The Ultimate Debt Ceiling End-Around?


    Did I not warn about this a while ago? The trial balloons are being released now by the MSM, it remains to be seen if they can be shot down before Obama takes yet another step to full rule by executive decree. If Obama can mint trillion dollar coins to deposit at the Fed anytime he pleases, then quite frankly there is no longer any need of Congress at all because the power of the purse is based on the concept of limits. With no limit, the government just prints money endlessly to pay expenses and you know where that ends. There are quite a lot of blog posts on this concept.

    Comment by dscott — January 4, 2013 @ 3:04 pm

  3. File under “no need to worry about the rich” as they will avoid any higher taxes thrown at them. Given that most Dems aren’t really that stupid, it only proves their disingenuous motives. There are idiots and then there are useful idiots (voters).

    For High Income Earners, Time for a ‘Tax’ Divorce


    See chart

    Comment by dscott — January 4, 2013 @ 3:54 pm

  4. That trial balloon just got much higher:

    Shocker: Harry Reid Would Back Obama If He Unilaterally Raises Debt Ceiling Using Executive Order…


    Senate Majority Leader Harry Reid (D-Nev.) has privately told other Democrats, including President Obama, that if the administration used its constitutional and executive authority to continue paying its debts in the face of House Republican opposition, he would support the approach, according to a source familiar with Reid’s message to the president.

    The simplest escape route out of the debt ceiling impasse is for the president to direct the Treasury to find a legal way to pay its debts. The Treasury then has a variety of options. One gaining particular attention relies on a law that allows the Treasury to mint a coin of unspecified value and deposit it with the Federal Reserve. Those funds could then be used legally to pay debts.

    Can you say the word – usurpation

    You have been warned…

    Comment by dscott — January 4, 2013 @ 4:19 pm

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