Final Thought

"There can be no fifty-fifty Americanism in this country. There is room here for only 100 per cent Americanism, only for those who are Americans and nothing else." -- Theodore Roosevelt

Name:
Location: United States

Friday, February 18, 2005

Pictures you won't see on "MAINSTREAM MEDIA"

It's hard to beleive we are winning the war against terrorism, when Mainstream Media are attached to the hips of people like Barbara Boxer, Nancy Pelosi, and John Kerry.

These people want you to think that we are failing to promote hatred of George Bush.

Ever seen the picutres below on ABC, NBC, in the Washington Post, New York Times, or any other so-called Mainstream Media Source? I bet the answer is no.

http://www.veteranscava.org/photos_that_will_never_make_the.htm

Man Tries to Toss Cigarette, SUV Ignites

Wonder if the highway patrol will give him a ticket for attempted littering???

http://story.news.yahoo.com/news?tmpl=story2&u=/ap/smoking_driver

Thursday, February 10, 2005

Just a Thought on Oil

I know that we all dislike high gas prices, which is directly influenced by the price of oil at any given time. Here are my thoughts. Read with an open mind.

Iraq is home to the second largest conventional oil reserve. It is second to only Saudi Arabia. However, the Middle East, in general, is a distant second to the Oil rich redgion of South America. The "unconventional" oil reserve of South America is the Venezuelan Orinoco heavy oil belt with one to four TRILLION (with a "T") barrels of oil. This is compared to the mere 900 billion (approximately) barrels of oil found in the Middle East.


You be asking yourself, "What is an 'unconventional' oil reserve?" "Unconventional" petroleum reserves include:

  • Heavy oils, which can be pumped and refined just like conventional petroleum except that they are thicker and have more sulfur and heavy metal contamination, necessitating more extensive refining. Venezuela's Orinoco heavy oil belt is the best known example of this kind of unconventional reserve. Estimated reserves: 1.2 trillion barrels.

  • Tar Sands, which can be recovered via surface mining or in-situ collection techniques. Again, this is more expensive than lifting conventional petroleum but not prohibitively so. Canada's Athabasca Tar Sands is the best known example of this kind of unconventional reserve. Estimated reserves: 1.8 trillion barrels.

  • Oil Shale requires extensive processing and consumes large amounts of water. Still, reserves far exceed supplies of conventional oil.


You may ask yourself, how does this even come close to translating into lower oil prices in America...Well, here goes…and I will admit, this will sound probably both cold hearted and frightening…

  • Alaska: There is a ton of Conventional Oil that has been protected for many years because of the dangers that drilling would pose to wildlife and the surrounding environment. This oil should all be drilled, processed, and kept in reserve for a rainy day. I mean, let's get it, but why use it if we don't have to.

  • Canada: A deal can be made with Canada for drilling rights in their country (whether we make them an offer they “can’t refuse,” or a deal is struck to the effect of We Drill, We Process, We Save you lots of money on the cost of the aforementioned.

  • Latin America…The proverbial Cash Cow of the oil industry…Oil laying in reserves ripe for the taking. In America, we have been lax on border patrol for decades. The Center for Immigration Studies estimated in 2000 that there were over 8 million illegal immigrants living in the united states. This number grew by 500,000 every year in the 1990s, and I suspect that this is still the case. These illegal immigrants are a drain on our health care facilities, as well as social need based programs, costing American taxpayers billions of dollars a year. I give you this information to assert my claim that the United States is the rightful owner of approximately 500,000 billion barrels of oil (this = 1 Barrel of Oil for every $1 that the American Taxpayer has spent to take care of illegal immigrants over the past 40 years). This would = approximately 27 years of free oil from Latin America as payment for the past 40 years. This is quite economical, and I would imagine gas prices would fall close to 75% after processing and refining costs are actualized.

Fairly good deal if you ask me.

I fear the day that our gas prices are the likes of Europe. At first glance, a little over one euro doesn't sound bad, but remember, they purchase by the liter, and there are 4 of those in every gallon.

Tip Of The Week

Start your 401(k) as early as you possibly can. Contributing is a pre tax deduction from your paycheck, so you never actually get the chance to spend the money on anything else.

Keep in mind, contributing to your 401(k) will do a number of things:

  • This is a tax-free savings account that gains excellent compounding interest.
  • If you are 25, and deposited $2000 over the course of a year (less than $100 per paycheck) and never ever contributed a single cent, in 40 years, when you are ready to draw on this money, it would be worth $32,000. Just think if you contribute this small amount amount of money every year from now until you are 50. You will have a "nest egg" worth over $1,000,000 when you turn 65. Big freekin egg huh.
  • Contributing to your 401(k) could drop you into a lower tax bracket, because you are lowering your taxable income. This means that you could possibly make more in "take-home-pay."

I did not even address the fact that most employers will match your contribution, or contribute a % of your total salary to this account every year (it's like an extra bonus that doesn't get taxed)

If you want more information, see your employer's benefits coordinator and ask him or her to show you the ins and outs of your company's system.

http://www.fidelity.com/


Why are Liberals Afraid of Social Security Reform

For those of you who don't understand the ins and outs of social security, I have given you a cliff note version below.


Currently, 7.65% of your paycheck (with a cap of 70,000) is diverted to the Social Security Administration. Your employer also pays 7.65% for grand total of 15.30%. When your money goes in the front door of the Social Security Admin it isn't placed in an account that you can assume will be there when you get old. A large portion of this money is immediately diverted to those who are collecting Social Security Checks. The surplus of this money is sent to the US Treasury, where it still doesn't go into an account. This money is spent on every day government programs. The Treasury basically issues an IOU for the amount of money in the form of US Treasury Bonds.


You might have heard that the Social Security system currently takes in more money than it pays out in order to try to handle the baby boomer problem. What happens with the excess money the system collects? The Social Security system buys U.S. Treasury bonds with the surplus. Essentially, the government (in the form of the Social Security Administration) loans the surplus to itself.


In future decades, when it comes time to start drawing on the collected surplus, the government will pay itself back through tax revenue (or additional borrowing). The Social Security system will start cashing in the bonds, and the government will have to make good on them with tax revenue and by cutting benefits.


"There is no Social Security trust fund. There are only IOUs. We have only the guarantee of the government, which is fine except how is the government going to get the money - cut benefits, extend the eligibility age? And we have to do something to allow people to get more than 2 percent return on the money they are putting in each year. If this were a private company [doing this], the government would be arrested." -- Art Linkletter


So why does the prospect of privatization of Social Security scare liberals? This should be fairly obvious.


Privatization would allow Americans to invest up to 4% of their annual income into private retirement accounts. This, first of all, gives people way too much power over their own future for a liberal. Liberals feels that government should be involved in every aspect of the well-being of it’s constituents. Secondly, giving the option of investing your money into a private account would take the money out of the hands of the democrats who spend it on God-knows-what. This terrifies them.


We have a huge problem before us.

I have included some links below to let you see for yourself. The Heritage.org link will allow you to put in your age, and see all the money you will be losing when you begin receiving Social Security benefits v. if you had invested the money into a private account.

http://apnews.myway.com/article/20041208/D86R7AE80.html

http://www.newsmax.com/archives/ic/2005/2/7/212533.shtml

http://www.heritage.org/research/features/socialsecurity/

I HOPE YOU ENJOY

Although many who read my blog will disagree with my views, I only present the truth in order to promote intellegent discussion of important issues...Enjoy