Sunday, February 28, 2010

The Independent American Party State Convention

I just returned from the Independent American Party State Convention in Elko, Nevada. It was a stimulating and inspiring experience. As soon as it is finalizes, you will find a link of the complete list of candidates both in a blog post and on the pages of the main site.

Dr. Jerome Corse spoke on many things including the battle to secure America's borders, and fighting the New World Order, Surviving Global Depression, and Preserving USA Sovereignty. It was both illuminating and frightening.

Scott Bradley spoke on the Constitution of the Founding Fathers and how it is being violated regularly.

More will follow.

Thursday, February 25, 2010

Why do legislators get paid for this special session?

This is a letter to the editor that was in the Review Journal.

"It's no secret that the special legislative session that begins Tuesday costs money-money that we don't have and will add to nevada's current deficit. Might I suggest that lawmakers show each nevadan some good will by working the special session for free?

Since they didn't get the job done right the first time, they should be willing to consider this one a make=up to the citizenry."

I agree. I actually think that the legislators should pay all the expenses for this special session. If they didn't realize that income would drop due to the recession when they met in 2009, they really do not belong in office.

They spend every dollar with no thought to the future. It seems to me that they only want to spend more so they try to think of ways to get more revenue instead of trying to spend less and thinking of ways to cut taxes.

Wednesday, February 24, 2010

Tax news articles and special session.

An article in the Las Vegas Sun today states that "Gibbons and legislators favor taking more money from mining companies." In the same article, it states that "Legislators have suggested increasing the fees paid by the gaming industry".

Once again it is raise taxes to pay for spending instead of decreasing spending balance the budget.

In the Review Journal today, an article points out that the mining industry paid $131 million in conventional business taxes plus an additional $90 million in industry specific taxes. It says that in total, mining tax contributions averages nearly $16000 per employee.

Another article in the Sun states that the casinos pay 6.75% on the money they win from gamblers. In Pennsylvania, the tax will be at least 55% on slot winnings and 16% on winnings from live games. In other states, casino pay at least twice the tax that they pay in Nevada. Yet, they want to open casinos in other states and are willing to pay the higher taxes.

My point is that the legislators will increase the taxes to pay for their increased spending and they do not care who they tax.

Will you be paying an income tax next and can you afford it?

Is this fraud by AIG?

It has now been confirmed that Goldman Sachs bet against the very subprime assets it sold to AIG, which ultimately caused the insurers collapse. Here’s the breakdown, per a Bloomberg report and documents recently released from the House Committee on Oversight and Government Reform:

· Goldman Sachs underwrote $17.2 billion of CDOs for AIG, more than any other firm
· Knowing precisely the garbage it had underwritten (our assertion), Goldman bought billions in credit default swaps that would rise in value as AIG stumbled (fact)
· AIG ultimately paid Goldman -- with taxpayer dollars confiscated by many former Goldmanites in the Treasury -- the full value of their default contracts: $14 billion.

Of course, all this has been suspected for so long that it was assumed to be true… but now it’s in stone. How this isn’t securities fraud, we don’t know… it’s like selling a teenager napalm (that you made in your backyard) and buying fire insurance on his dad’s house.

Tuesday, February 23, 2010

Nevada Special Session-First Day

This is a short recap of what happened today. You will see that it was basically they legislators want more money from the mining and casino industries and do not what to cut education because they want to appease the school administrators.

Nevada lawmakers face a "daunting challenge" to balance a state budget nearly $900 million in the red, Assembly Speaker Barbara Buckley said Tuesday in opening remarks to a special legislative session.

Buckley, D-Las Vegas, said legislators will review proposals by Republican Gov. Jim Gibbons that call for roughly 10 percent cuts to all state agencies. But she said "we can do better" than deep reductions to education and services for the poor.

Senate Majority Leader Steven Horsford, D-North Las Vegas, agreed, and said legislators were in talks with business groups mining and casino representatives on how to raise fees to soften the blow.

"No one has told me 'no' and they understand the dire situation we're faced with," Horsford told reporters after a morning floor session.

In her remarks, Buckley said lawmakers faced the "challenge to balance this budget responsibly, but to do so in a way that is not going to cause irreparable damage to education, K-12, higher education, services to those most vulnerable and the core functions of our state government."

School administrators have said the reductions could decimate the state's educational programs and lead to thousands of teacher layoffs and elimination of higher education programs. Elementary and secondary schools would lose about $166 million in the next fiscal year under the governor's proposal.

Nevada Special Session Starts Today

The Democratic and Republican lawmakers are in special session today to balance the state budget. According to news reports, they are looking at the mining industry as the biggest potential source of new revenue. The gaming industry is also a target.

Once again, the lawmakers are looking to raise taxes instead of cutting costs. Why don't they look at eliminating wasteful spending and reducing the overhead of the government.

Businesses and individuals are struggling to survive. We don't need more taxes. We need less government wasteful spending .

Monday, February 22, 2010

An idea about how to save money for Nevada.

A Review journal article about saving Nevada as much ad $470 million stated that Michael McGhee proposed that the state consider suspending the match the state provides for retirement benefits.

The article stated that the state now pays 10.5% of employee salaries into their retirement accounts. “It’s a fairly generous benefit,” said McGhee.

While the idea could work in higher education, where employees are covered by a separate plan, it may not work for state and county employees covered by the Public Employees Retirement System.

However, it seems to be an idea worth considering.

Sad, but true on both the national and state levels.

This cartoon shows President Obama in it, but I believe that it is appropriate for all national and state governments.

That is why I am running for the Independent American Party's nomination for State Senator of Nevada in District 9.

We need to eliminate wasteful spending and lower taxes.