One Man’s Thoughts Has Moved

We Have Moved To
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All the articles and all the comments are ready for you to see at our new location.

If you wish to make a new comment, you need to go to the new site as the comment ability of this site has been turned off.

Thank you for reading my blog all these years. I hope you continue to enjoy it.

Vytautas

This Blog Has Moved!

We Have Moved To
http://www.PatriotThoughts.com

All the articles and all the comments are ready for you to see at our new location.

If you wish to make a new comment, you need to go to the new site as the comment ability of this site has been turned off.

Thank you for reading my blog all these years. I hope you continue to enjoy it.

Vytautas

Illinois Facing ‘Outright Disaster’ Amid Budget Crisis

One Man’s Thoughts Has Moved To

http://www.patriotthoughts.com

You can read this article at:

http://www.patriotthoughts.com/2010/07/16/illinois-facing-outright-disaster-amid-budget-crisis/

Thank You, Vytautas

Obama Pimps For Reid In Las Vegas

One Man’s Thoughts Has Moved To

http://www.patriotthoughts.com

You can read this article at:

http://www.patriotthoughts.com/2010/07/13/obama-pimps-for-reid-in-las-vegas/

Thank You, Vytautas

Robert Gibbs Says Democrats Could Lose The House In November

One Man’s Thoughts Has Moved To

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You can read this article at:

http://www.patriotthoughts.com/2010/07/12/robert-gibbs-says-democrats-could-lose-house/

Thank You, Vytautas

64 Years Later

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You can read this article at:

http://www.patriotthoughts.com/2010/07/12/64-years-later/

Thank You, Vytautas

Socialism From The Democrats In Congress Keeps Marching On!

Passage by the Democrats in Congress of the national health care legislation will impact the nation’s coin collectors.

Effective Jan. 1, 2012, the whole system of giving and receiving IRS 1099 forms will be turned on its head and all persons (including corporations) who are in business will now have to give 1099 tax reporting forms for goods that they sell as well as buy.

The responsibility for issuing forms kicks in at $600 for coins or bullion. It doesn’t matter in what form payment is made, whether cash, check, credit card, or Yap stone money, the $600 threshold applies.

Form 1099 is used to report independent contractor income, income from dividends, income from other things – and is one of the reasons why children receive tax bills for work or labor or services performed.

Section 9006 of the Patient Protection and Affordable Care Act (Public Law 111-148), signed into law by Obama, turns 1099 forms into reporting forms not only for independent contractor’s income – what they have long been used for – but also to show sales, gains and losses on purchases and sales of goods as part of a trade or business.

The section reads (in relevant part) “SEC. 9006. EXPANSION OF INFORMATION REPORTING REQUIREMENTS. (a) IN GENERAL. – Section 6041 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsections:

‘‘(h) APPLICATION TO CORPORATIONS. – Notwithstanding any regulation prescribed by the secretary before the date of the enactment of this subsection, for purposes of this section the term ‘person’ includes any corporation that is not an organization exempt from tax under section 501(a).

The old exemption for corporations is gone!

‘‘(i) REGULATIONS. – The secretary may prescribe such regulations and other guidance as may be appropriate or necessary to carry out the purposes of this section, including rules to prevent duplicative reporting of transactions.’’

(b) PAYMENTS FOR PROPERTY AND OTHER GROSS PROCEEDS. –

Subsection (a) of section 6041 of the Internal Revenue Code of 1986 is amended –

(1) by inserting ‘‘amounts in consideration for property,’’ after ‘‘wages,’’
(2) by inserting ‘‘gross proceeds,’’ after ‘‘emoluments, or other’’, and
(3) by inserting ‘‘gross proceeds,’’ after ‘‘setting forth the amount of such.’’

The property section means that if Joe American sold a one ounce American Eagle to a dealer a 1099 would have to be issued. The “report” does not measure profit or loss, but it shows activity. Big Brother in action.

We need to get rid of these collectivists in Congress. Our Founding Fathers would roll over in their graves if they could know about this.

In November, vote for anyone except a Democrat!

Socialistic California on ‘Verge of System Failure’

Think of it as Greece on the Pacific: A place with beautiful scenery where the government spent so far beyond its means that mass layoffs, welfare reductions that leave a million children and the poor and elderly without needed services and failing infrastructure are now the norm.

California’s fiscal hole reportedly is now so large that the state would have to free 168,000 prison inmates and permanently close 240 university and community college campuses to balance its budget in the fiscal year that begins July 1.

“We are on the verge of system failure,” Jean Ross, executive director of the California Budget Project, told the Globe and Mail.

“We have to get some federal money,” Ross says. “It would be bad for the U.S. and, arguably, bad for the world to do the shock-therapy approach.”

Peter Dreier, a professor of politics at Occidental College, calls this a classic American dilemma.

“Americans expect a lot of their government,” Dreier says. “But politicians have convinced them they’re not getting what they want.”

Budget analysts say Governor Arnold Schwarzenegger has no choice but to ask Washington for bailout funds, and that Washington has no choice but to agree because not bailing out the Golden State could put the entire U.S. economy at risk.

It seems that California — which at one time had the third-largest economy in the world — is like the biggest U.S. banks: Too big to fail.

Neither Democrat Jerry Brown nor Republican Meg Whitman has offered details in their campaigns to become the state’s next governor about how to close this year’s $19 billion budget deficit or handle next year’s anticipated $37 billion deficit, the Mercury News reports.

California Welfare Cards Can Be Used In Casino ATMs

California welfare recipients are able to use state-issued debit cards to withdraw cash on gaming floors in more than half of the casinos in the state, a Los Angeles Times review of records found.

The cards, provided by the Department of Social Services are supposed to help recipients feed and clothe their families, work in automated teller machines at 32 of 58 tribal casinos and 47 of 90 state-licensed poker rooms, the review found.

The casinos are listed on a Department of Social Services website that allows welfare recipients to search for addresses of ATMs where they can withdraw cash provided under the Temporary Aid for Needy Families program. The monthly grants start at $694 and go up; most of the ATMs impose a withdrawal limit of about $300 per day.

The LA Times compared the addresses on that website with lists of tribal casinos and state-licensed poker rooms published on the California Gambling Control Commission’s website.

It’s not clear which casinos are most frequently patronized by welfare recipients because social services officials denied a January request from The Times for data showing transaction information from all of the ATMs in their network.

The Capitol Casino, which occupies a pair of small rooms a few blocks from the legislative chambers in Sacramento, appears on the social services website showing where clients can get money. Each room has an ATM: one is so close to a poker table that a player with long arms could lean back and withdraw cash without leaving his chair; the other is a few steps from the blackjack table.

At the Casino Royale on the outskirts of Sacramento, the first thing patrons pass as they walk to the gaming floor is the ATM with a sign next to it saying, “Exceed your ATM daily limit here!!”

The system of paying out welfare benefits via bank cards was created under Democrat Gray Davis. The Democrats in the legislature have also been trying to discontinue fingerprinting of food stamp recipients, a system designed to prevent double-dipping and other abuses.

Schwarzenegger threatened to eliminate the state welfare program in his May budget proposal, and that was before he knew that the cash could be accessed by people strolling from poker games to blackjack tables.

“In a time when we have a $19-billion deficit, and we’re taking a serious look at the future of many safety-net programs, it’s appalling to think that welfare beneficiaries can use their cards in a casino,” said Seth Unger, spokesman for the Assembly Republican Caucus.

Something To Think About

One Man’s Thoughts Has Moved To

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You can read this article at:

http://www.patriotthoughts.com/2010/06/18/something-to-think-about-2/

Thank You, Vytautas