Archives

Tuesday, February 17, 2009

400-408Raul Ries, senior pastor of Calvary Chapel Golden Springs in Diamond Bar (calvarygs.org), heard weekdays at 1pm with his Somebody Loves You broadcast, talks about their ministry to octuplet mother, Nadya Suleman, who showed up this past Sunday night with her other children, and they put protection around her so no one could get to her.
413-423David Hacker, is litigation staff counsel with the Alliance Defense Fund (telladf.org), and is representing student Jonathan Lopez in litigation against Los Angeles City College and his professor John Matteson who refused to let him finish his presentation in favor of Prop 8 weeks after the election and even called him a "fascist bastard."
428-437 – • John Lott (2/16/09) Government Spending: Is It Worth $62,000 to You?  Lott is the author of "Freedomnomics" and a senior research scientist at the University of Maryland.
My summary:  We're a population of 300 million, yet only 30% of us, or 90 million people, actually pay any federal taxes.  The 30% of tax-payers are paying the way for the 70% of tax spenders.  And the total that Obama has committed each of these 90 million tax payers?  $62,000.  If you pay federal taxes, your obligation just went up $62,000, while the 70%, those 210 million who pay no taxes, will end up reaping nearly all the benefits.  Are you paying your "fair share" yet?  In European Socialist-Democracies, half of their GDP goes to government.  Right now, we're spending 42%.  That's socialism, we're there.
• "The amount of money involved [in the stimulus bill] is staggering. With 90 million tax filers who actually pay taxes, the $787 billion means the average taxpayer will pay over $8,700. By itself, adding $8,700 to the average tax bill should get everyone's attention. But that is on top of everything else that we are spending this year. With the stimulus bill, the $700 billion financial bailout (half spent by Bush and half by Obama), and the bailout for the auto companies, this year's deficit is already at about $1.7 trillion -- almost $19,000 per taxpayer. With more possible bailouts for the auto industry and others, that total might rise further.
But the stimulus won't just raise government expenditures for the next two years. The Congressional Budget Office estimates that from 2010 to 2019 government expenditures for just 20 provisions will increase by almost $2.4 trillion. Assuming a 4.5 percent interest rate, that is the equivalent of about $1.9 trillion today. Adding that to the previous total brings the total to about $40,000 owed per taxpayer.
But that is not all the money that taxpayers are going to be on the hook for. Last week, the Obama administration promised another $2 trillion for the financial bailout. The decisions that we are making just this year are adding up to $5.6 trillion — $62,200 per taxpayer. Just to let this sink in — the amount of money that the government is committing to spend this year is equivalent to the average taxpayer just writing the government a check today for $62,200.
Each one of these expenditures are getting pushed through quickly, but it is all adding up. People have to weigh this against benefits such as the $400 per person tax credit that those who make less than $75,000 per year are going to get under the stimulus.
But the average taxpayer faces a simple question: are they getting $62,200 worth of benefits from all these government expenditures this year? If not, they are going to be poorer. My guess is that most of us are going to be a lot poorer.
443-452 – • Dennis Prager (2/17/09) The Madoff Bill.
458-508Jack Hibbs, senior pastor at Calvary Chapel Chino Hills (calvarycc.org), is hosting The Southern California Prophecy Conference (socalprophecyconference.com) this Friday through Sunday, it's free and starts at 5pm on Friday night.  Speakers include Paul McGuire, David Hocking, Ed Hindson, Britt Merrick, Mark Hitchcock, David Reagan, Bob McEwen, Tim LaHaye, and Jack Hibbs.
512-523Todd Pierce, former rodeo champion and now full-time pastor to the PBR, the Professional Bull Riders Tour (ridinghighministries.org) that's back in town this Friday (8pm) and Saturday (6pm) at the Honda Center in Anaheim.  On Saturday morning at 11am, Todd is hosting an outreach service that's open to the public, you just show up.
528-538(2:13) Fairness Doctrine Salem Montage.
(:44) Left-Wing Radio Host Mike Malloy: Republicans are 'Domestic Terrorists', Limbaugh is a bigger threat than Osama bin Laden.
544-554Open Calls, "What's Up?"
555 [1:30] Robert Micone/Bill O'Connor aka "The Money Guys" at Applied Financial, 866-SEEK-COUNSEL, and online at appliedfinancialplanning.com.
558-608Open Calls, "What's Up?"
612-623 Open Calls, Obama's fear-mongering, and Macroevolution.
628-638Open Calls, A-Roid, Does God Exist?
644-655Open Calls, brief American Idol Update
• Washington Post (2/17/09) Clinton Vows to Reach Out to Islamic World.
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