Monday, August 25, 2014

OBOF TYMHM & MORE Vol 14 No 26


 

WELCOME TO OPINIONS  BASED  ON FACTS (OBOF)

&

THINGS YOU MAY HAVE MISSED (TYMHM)

YEAR ONE

YEAR TWO

YEAR THREE

YEAR FOUR

 

OBOF YEAR FOUR INDEX
 
OBOF TYMHM PART 14-01
Jan. 02, 2014
OBOF TYMHM PART 14-02
Jan. 09, 2014
OBOF TYMHM PART 14-03
Jan. 15, 2014
OBOF TYMHM PART 14-04
Jan. 24, 2014
OBOF TYMHM PART 14-05
JAN 30, 2014
OBOF TYMHM PART 14-06
Feb. 06, 2014
OBOF TYMHM PART 14-06 EXTRA
Feb. 09, 2014
OBOF TYMHM PART 14-07
Feb. 13, 2014
OBOF TYMHM PART 14-08
Feb. 21, 2014
OBOF TYMHM PART 14-09
Feb. 27, 2014
OBOF TYMHM PART 14-10
Mar. 08, 2014
OBOF TYMHM PART 14-11
Mar. 13, 2014
OBOF TYMHM PART 14-11    EXTRA
Mar. 15, 2014
OBOF TYMHM PART 14-12
Mar.  21, 2014
OBOF TYMHM PART 14-13
Mar.  29, 2014
OBOF TYMHM PART 14-14
Apr.  03, 2014
OBOF TYMHM PART 14-15
Apr.  12, 2014
OBOF TYMHM PART 14-16
Apr.  19, 2014
OBOF TYMHM PART 14-17
Apr.  26, 2014
OBOF TYMHM PART 14-18
May  03,  2014
OBOF TYMHM PART 14-19
May  10,  2014
OBOF TYMHM PART 14-20
May  20,  2014
OBOF TYMHM Vol 14 - No 21
May 28,  2014
OBOF TYMHM Vol 14 - Ho 22
June 10, 2014
OBOF TYMHM Vol 14 - No 23
June 20, 2014
OBOF TYMHM Vol 14 - No 24
July  04, 2014
OBOF TYMHM Vol 14 - No 25
Aug. 04, 2014
OBOF TYMHM Vol 14 - No 26
Aug. 25, 2014

 

 

Agenda

 

1.  Hello from Floyd.

2.  Jack Them Up - Get Jacked Around.

3.  Will Social Security be there?

4.  Justice Ginsburg "America Has A

          Real Racial Problem."

5.  Billionaire Koch Brothers

          Pony Up for GOP

 

 

 

 

 

 

HELLO, HELLO:  I hope some of you are still out there.

 

It seems as though very time I get started on my posting for you, something happens that set me back again.  There is so much that I want to get to you.  I guess I am not going to set a particular day of the week, or even what week, as it has been recently.  I will try to make it something that is worth your time when it does come.  The price is certainly cheap enough.  I do get a lot out of getting these postings to you.  It's just like I am having a conversation with you.

 

The problem this time was another fall.  This time I messed up my left hand quite a bit, makes typing a little difficult.  However, I am going to give it try now.

 

 

 

JACK'EM

 UP

&

GET JACKED AROUND

                                       

(CORRUPTION  - -  FIRST CLASS)

 

By Floyd Bowman publisher

"Opinions Based on Facts"

August 21, 2014

 

 

 

Picking up from my last posting, Jim gave a lot of thought as to what the soldiers had told him about the danger changing a tire in a combat zone.  He knew that the one he has developed was too small for military use.  Also, it would need to perform in different circumstance and environments.  There was a National Guard base not far from Jim.  He went to see what he would have to do to meet military needs.

 

Note:  I don't know if I am going to be able to tell you about this or not.  I have missed so much and I have gotten way ahead of where I should be.

 

Going back to the beginning, Jim had to make a number of these units in his little shop at home.  Each time he refined it and was able to test it to see if it would do what he said it would do. 

 

At this point he had to find a manufacture who could make these, a few at a time.  For some years he knew a man that had such a shop.  He talked with him and he agreed to make a few at a time so Jim would be able to start - one show at a time.  Now, this man would make the unit, but it was not ready to sell.  Jim had to digress, paint, put decals on the units, put boxes together, and label the out side of the box.  Here I am again, jumping ahead.  He had to get a custom box made and get labels made.  As he went about getting these things made he, not only had find a place to get these things done, he had to contend with price.  He was sure he had a good product, but it still had to be at a price that would sell. 

 

Now here I am again, ahead of where I should be.  To simply say "he got his patent" before he did all the above.  He had to decide on a name for the unit, and what did he want to patent that would really protect him?  All of this was determined with the help and advice of the attorney.  Every time he turned around it was something else that cost money.  Money that he didn't have.  He and his wife are very resourceful, but it was not easy to get the financing they needed.  More than once they thought they were going bankrupted.

 

I think we will leave it at this point until the next posting.

~~~

Commentary: Will Social Security be there when you need it?


 

This article, by Dr. Allen Smith

was published in the

Palm Beach Post

Palm Beach, Fl.

One of the top 100 papers in the country.

  Posted: 12:00 a.m. Sunday, July 27, 2014

 

How could the optimists and pessimists reach such radically different conclusions from the same data?

 

They couldn't, if they were being honest with the public.  As an economist, who has been researching and writing about Social Security financing for the past 14 years, I am appalled at the distorted misinformation the American people are being fed.

 

If the government had not taken, and spent, the $2.7 trillion in surplus Social Security revenue generated by the 1983 payroll tax hike, Social Security would be able to pay full benefits for another 20 years.

 

But the government did take, and spend, for non-Social Security purposes, every penny of that $2.7 trillion in surplus Social Security revenue over a 30-year period.

 

If the government were to make provisions for repaying that $2.7 trillion debt to Social Security, the financial problems of Social Security would suddenly be dwarfed.

 

Every member of Congress knows that the real Social Security problem is the direct result of the misappropriation of Social Security money. But few American citizens have even a clue that all of the surplus Social Security revenue was used for general government spending.

 

The citizens of America have been misled about what was happening to their Social Security contributions.  As the money was spent, the government issued IOUs to Social Security, which served as an accounting record of how much Social Security money was spent on other programs.  But these IOUs do not provide any means for repaying the spent money. They cannot be used to pay benefits, and they cannot be converted into cash.  They are, for all practical purposes, worthless pieces of paper, which are stored in a fireproof filing cabinet in an office building in Parkersburg, W.Va.

 

The government may or may not choose to repay the misappropriated money.  But, because of a 1960 Supreme Court ruling (Flemming v. Nestor), the government is not legally required to repay the money.

 

The surplus revenue was neither saved nor invested in anything. It was supposed to be saved and used to purchase marketable U.S. Treasury bonds.  This would have decreased the public debt and given Social Security "good-as-gold" marketable U.S. Treasury bonds to hold in the trust fund.  The reason the money was not saved and invested is that the government chose to use the surplus Social Security revenue as a giant slush fund.

 


Former Treasury Secretary Tim Geithner refers to the slush fund in his new book, "Stress Test."  Geithner wrote: "In treating Social Security like a slush fund, the federal government has borrowed, spent and vowed to pay back the $2.5 trillion or so 'surplus' in payroll tax revenue it has siphoned out of Social Security.  The money has been spent but the federal government has promised to pay it back."

 

As secretary of the Treasury, Geithner was also managing trustee of the Social Security fund.  If Geithner says Social Security served as a slush fund, and all the surplus Social Security revenue was "siphoned out of Social Security," it must be true.

 

Maybe I have a distorted view of what things should be like in the United States.    But, to use Allan Sloan's words in his recent Fortune article about tax inversions, I believe that for the government to increase payroll taxes, under the guise that the revenue would be saved for the baby boomers and then spend all the money for things like financing income-tax cuts for the rich and funding wars, is "positively un-American."

``

Allen W. Smith of Winter Haven is a professor of economics, emeritus, at Eastern Illinois University.

 

~~~

Justice Ginsburg:


 America Has a


 ‘Real Racial Problem’


 

Ian Millhiser

Think Progress / News Investigation

Published: Saturday 23 August 2014

 

The Supreme Court was “once a leader in the world” in combating racial discrimination, according to Justice Ruth Bader Ginsburg.  “What’s amazing,” she added, “is how things have changed.”

Ginsburg, who was one of America’s top civil rights attorneys before President Carter appointed her to the federal bench in 1980, spoke at length with the National Law Journal‘s Marcia Coyle in an interview that was published Friday. In that interview, she lays out just how much the Court’s outlook on race has changed since she was arguing women’s equality cases before it in the 1970s.

 

In 1971, for example, President Nixon had begun to reshape the Supreme Court.  As a presidential candidate and, later, as president, Nixon complained that the Supreme Court’s school desegregation decisions had intruded too far on local control of public schools.  Yet, as Justice Ginsburg points out, Nixon’s hand-picked Chief Justice, Warren Burger, authored a unanimous Supreme Court decision recognizing what are known as “disparate impact” suits, which root out discrimination in employers with policies that disproportionately impact minorities.

Burger’s resolution of this case “was a very influential decision and it was picked up in England,” according to Ginsburg.

The Court’s present majority, by contrast, seems much more interested in using its power to thwart racial justice.  In 2013, for example, the Supreme Court struck down a key prong of the Voting Rights Act, effectively ending a regime that required states with a history of racial voter discrimination to “preclear” new voting laws with officials in Washington before those laws went into effect.

Writing for the Court, Chief Justice John Roberts justified this decision because he claimed that racism is no longer a big enough problem in the states covered by the Act, and thus the Voting Rights Act’s longstanding framework was outdated. Permitting the federal government to apply such a check against racially discriminatory voting laws was an “extraordinary departure from the traditional course of relations between the States and the Federal Government,” and it could no longer be allowed, according to Roberts, because “things have changed dramatically” in states with a long history of racism.

Two hours after Roberts claimed that racism was too minor a problem to justify leaving America’s most important voting rights law intact, Texas Attorney General Greg Abbott announced that Roberts’ decision would allow a gerrymandered map and a recently enacted voter ID to go into effect. Federal courts had previously blocked both the map and the voting restriction because of their negative impact on minority voters. Alabama made a similar announcement about its voter ID law the same day Roberts handed down his decision.  Less than two months later, North Carolina Governor Pat McCrory (R) signed a comprehensive voter suppression law adopting many provisions that reduced minority turnout in other states.

Justice Ginsburg, for her part, warned that tossing out a key prong of the Voting Rights Act “when it has worked and is continuing to work to stop discriminatory changes is like throwing away your umbrella in a rainstorm because you are not getting wet.”

In what may become the most controversial part of her interview with Coyle, Ginsburg also suggests that public acceptance of gay Americans is eclipsing our ability to relate to each other across racial lines.  “Once [gay] people began to say who they were,” Ginsburg noted, “you found that it was your next-door neighbor or it could be your child, and we found people we admired.” By contrast, according to Ginsburg, “[t]hat understanding still doesn’t exist with race; you still have separation of neighborhoods, where the races are not mixed. It’s the familiarity with people who are gay that still doesn’t exist for race and will remain that way for a long time as long as where we live remains divided.”

Regardless of whether Americans as a whole are falling behind on race even as we become more accepting of our gay neighbors, the phenomenon Ginsburg describes is certainly alive and well on her Court.  One day after the Court tore down much of the Voting Rights Act, it struck down the anti-gay Defense of Marriage Act (DOMA). Justice Anthony Kennedy, who is solidly conservative on most issues that come before the Court, typically votes with the more liberal justices on gay rights issues.  He was in that majority in both the Voting Rights Act case and the marriage equality case.

 

So one possible explanation for this disparity between the Court’s gay rights cases and its racial justice cases is that Justice Kennedy controls the balance of power on both issues, and he is a conservative on race and a relative liberal on gay rights.  At a recent conference, however, a member of the legal team that successfully argued that the Court should strike down DOMA offered a different theory for this disparity — a theory that closely resembles Justice Ginsburg’s analysis.  According to Pam Karlan, a Stanford law professor who now serves as the Justice Department’s top voting rights attorney, “very few upper middle class people wake up to discover that their children are poor.  Very few citizens wake up to discover that their children are undocumented.  Very few white people wake up to discover that their child is black,” but even the most staunchly anti-gay parent can wake up to a phone call from their child telling them that he or she is gay.

~~~

Billionaire Koch

Heads Pony Up for the GOP

 

 

 

Jim Hightower

Otherwords / Op-Ed

 Tuesday 5 August 2014

 

Born into riches, the Kochs convene in a secret summit deciding to pledge millions of dollars to political efforts. This years goal?  Put up $500 million to turn the U.S. Senate over to Republican control.  What does the public think of this?

 

 


Get your complimentary 20 pag

The Koch brothers — the GOP megadonors and fossil fuel magnates — live in their own special world, enshrouded in the fumes emanating from their family’s enormous stockpiles of wealth.

Charles and David Koch have always felt very special, and they expect those of us in the down-to-Earth world to treat them as special too.

 

Scions of Koch Industries, the boys were born rich and right-wing, and they parlayed Daddy Fred Koch’s millions into a huge industrial conglomerate that has made each of them überbillionaires.

This has further bloated their sense of self-importance, while also giving them the financial muscle to transform our democratic world of egalitarian ideals into their fantasy world of social Darwinism, ruled by supermen like…well, like them, of course.

Twice a year, the Kochs convene a secret summit of superrich supermen to plot strategy and pledge millions of dollars to their right-wing political efforts. In June, members of a billionaire brotherhood gathered with Charlie and Dave at the St. Regis Monarch Bay Resort on the Southern California coast.

As investigative reporter Lauren Windsor wrote in The Nation, the Koch confab, which bore the heroic title of “American Courage,” took over the entire luxury resort for three days.

Attendees were treated to an all-you-can-eat buffet of right-wing boilerplate from a gaggle of GOP congress critters summoned to the summit. The billionaires were especially delighted to hear Senate Minority Leader Mitch McConnell assure them that he would defend to his last sour breath their right to buy our elections.

Then, reports Windsor, the 300 Koch-headed supermen pledged to do just that, promising to put up $500 million this year to turn the U.S. Senate over to Republican control. 

~~~

If the good Lord is willing and the creek don't rise, I'll try to talk with you next week.

God Bless You All

&

God Bless the United States of America

Floyd