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Friday, April 18, 2014

Illinois House Committee wants taxpayers to pay $100 million for Obama library

An Illinois House Committee wants taxpayers to pay $100 million for a Barack Obama library.
Somehow, House Speaker Michael Madigan thinks this is an appropriate use of funds despite the state’s more than $100 billion pension crisis and $6.6 billion in unpaid bills.
Madigan told the Chicago Tribune he will use “skills that I’ve developed in the legislature to persuade people to do things they don’t want to do” to try to narrow the list of possible Chicago sites before June 16.
In accepting hefty taxpayer dollars for this venture, President Barack Obama is setting himself apart from his recent predecessors, former presidents Bill Clinton and George W. Bush.
Clinton’s library, located in Little Rock, Ark., was funded solely through private donations, according to the Clinton Foundation. Clinton’s “$165 million facility was built entirely through private funds…in public record…it’s just a fact,” said Jordan Johnson, a spokesman for the Clinton Foundation.
Likewise, Bush’s library, located at Southern Methodist University in Dallas, was also funded through private donations.
The Barack Obama Foundation, tasked with planning the development of Obama’s presidential library, has yet to determine the site of the future library. In fact, the foundation’s board of directors is receiving proposals through June 16 and does not intend to announce its final decision until 2015.
On its website, the Barack Obama Foundation defines its mission as developing a presidential library that “reflects President Obama’s values and priorities throughout his career in public service.” Interestingly enough, the first value listed is “expanding economic opportunity.” But more than 600,000 Illinoisans woke up today and didn’t have a job to go to, and thousands more face underemployment. To them and many others, it’s clear the president has fallen short on accomplishing his goal of “expanding economic opportunity” to the Land of Lincoln, where he launched his political career as a state senator 18 years ago.
Obama’s staff expects the library to cost $500 million or more.
And the costs won’t stop there. The day-to-day operations and maintenance of the United States’ 13 presidential libraries cost taxpayers $75 million in fiscal year 2013 alone.
This figure strikes an interesting contrast. Illinois politicians, who are demanding that we extend the 2011 tax hike so that “draconian” spending cuts in public and human services do not go into effect – are attempting to subsidize a monument in dedication to the legacy of the most prolific fundraiser in history – on the backs of poor and middle-class families in Illinois.


- See more at: http://www.illinoispolicy.org/illinois-house-committee-wants-taxpayers-to-pay-100-million-for-obama-library/#sthash.c2hOlK2U.dpuf

CALPERS ADMITS 52% UNDERFUNDING ON STATE EMPLOYEE PENSIONS

Wow, these Liberal Super Majority run States and Cities are really having a problem with promised pensions and spending and soon to be more taxes!

The California Public Employees Retirement System (CalPERS) just admitted that the state-managed pension plan, that provides retirement for the state and almost 1,600 local government agencies, is 52% underfunded and will be forced to jack up taxpayer-funded contribution rates by about $1.518 billion. 

But this increase will still leave the pension plan $986.1 billion underfunded. To adequately fund pensions, the state and local governments need to more than quadruple annual taxpayer-funded contributions by $11.3 billion.
As the nation’s largest public employee pension plan, CalPERS stands out as the most irresponsible for having failed to prevent government pension spiking and for not forcing their government clients to pay for the spikes. But the pension fund’s $277.2 billion of investments leaves a $144.3 billion unfunded debt to cover 1.6 million state employees and retirees' pensions, according to CalPERS' October 31, 2013 report.
California public employees now enjoy the highest benefits of any state in the nation. To pretend to fund this largess, CalPERS has become the worst "outlier” among public pension plans in using creative accounting to blur their grossly underfunded status. This has allowed its government clients to short-check their annual payment for the nation’s most lucrative pension benefits. 
CalPERS creatively makes the “assumption” it will have 30 years to compound investment returns to fund their 52% funding shortfall to pay for the retirement of “current” employees. CalPERS then guesstimates they will compound investment returns every one of those 30 years at a 7.5% rate. This allows CalPERS to “assume” investments will grow by over 900% in 30 years.
Most people attack CalPERS’ assumption that they will make the 7.5% compounded return, but CalPERS did earn 16.9% last year; and a 2011 study found the plan had earned an average of 3.41% for five years, 5.36% for ten years, 6.97% for 15 years, and 8.38% for 20 years. Although this would seem to justify the 7.5% assumption, the returns took place during a period of record inflation. Given CalPERS' guaranteed inflation increase protection for benefits, the taxpayer obligation would rise and wipe out most of the investment performance gain.
But the real scam in CalPERS' “assumptions” is not just the highly dubious estimate of superior investment returns; it is the scam of the public pension plan having 30 years to compound those returns by that 900% to pay for the pension funding shortfall. The “current” average for California government workers seniority is more than 16 years. That means that CalPERS only has 14 years of investment return opportunity to make up their funding shortfall. 
Assuming CalPERS makes 7.5% per year, their compounded investment return will only go up by 300% in 14 years. Consequently, CalPERS needs to triple their pension funding to get to that 900% growth of assets. Tripling the number of assets means CalPERS' pension underfunding is not the admitted $260.9 billion. They actually have a $986.1 billion underfunded pension.
To adequately fund the pension plan, the state and local governments would have to more than quadruple their current $3.7 billion annual cash contribution to $15 billion. The Democrat politicians that control the State of California could care less about the $986.1insolvency of the pension plan. But could you imagine the firestorm if state and local governments were forced to cut spending by $11.3 billion to pay for their pension promises?

http://www.breitbart.com/Breitbart-California/2014/04/18/CalPers-Admits-52-Underfunding-on-986-billion-Shortfall

Surprise: Another Major Hillary Donor Pleads Guilty to Illegal Fundraising Charges

These Democrats surround themselves with the great people.....Corrupt Scumbags!




I say "another" because this is the second such guilty plea in the span of five weeks. First, the latest development:

 A wealthy hotel executive and Democratic fundraiser who supported Hillary Clinton for president pleaded guilty Thursday to charges he secretly funneled more than $180,000 in illegal campaign contributions to three unnamed candidates and coached someone to lie about it. An informant caught Sant Singh Chatwal on tape in 2010 explaining that he believed his illegal fundraising bought him access to people in power.Without the contributions "nobody will even talk to you," Chatwal said. "That's the only way to buy them, get into the system." Chatwal entered the plea to evading contribution limits and witness tampering in federal court in Brooklyn as part of a plea deal...Court papers allege that between 2007 and 2011, Chatwal used his employees, business associates and contractors who worked on his hotels to collect contributions from straw donors in Queens, Long Island and elsewhere. He then arranged to pay the donors back, a violation of the election laws. As part the scheme, an unnamed business associate submitted a bill to Chatwal for $104,745 in 2011 for purported work done for one of Chatwal's companies. Prosecutors allege that $69,000 of the total actually was reimbursement for money the associate had raised via straw donors.
In a moment of candor, caught on tape, this guy explained that throwing stacks of money at powerful politicians is the "only way to buy them, get into the system." Without your checkbook, "nobody will even talk to you," he lamented. Really? Even within the party that routinely prattles about the "corrosive influence of money in politics," and slanders Republican donors? Perish the thought. At first, I thought I'd read about Mr. Chatwal's illegal conduct back in March. But then I realized that was a story about adifferent deep-pocketed Clinton contributor who admitted to breaking campaign finance laws:

 A major Democratic donor pleaded guilty on Monday to funneling millions of dollars in illegal campaign donations to federal and local politicians, including an unnamed 2008 presidential candidate believed to be Hillary Clinton...According to prosecutors, Thompson funded a $600,000 shadow campaign “in coordination with and in support for a federal candidate for president of the United States.” The charges did not name the candidate. Last September, the Washington Post reported thatThompson allegedly paid a marketing executive “more than $608,000 to hire ‘street teams’ to distribute posters, stickers, and yard signs beginning in February 2008 to help raise Clinton’s profile during her primary battle with then-Sen. Barack Obama.”

And while we're on the subject, how about one more? I don't think there's been any definitive connection proven between Hillary Clinton and this criminal donor just yet, but he's certainly been pumping gravy into the correct political party's coffers:


 The co-owner of a luxury car dealership in La Jolla has been fined $80,000 for funneling illegal contributions to the 2012 campaigns of San Diego County Dist. Atty. Bonnie Dumanis and ex-Mayor Bob Filner, the city's Ethics Commission announced. In an agreement with the commission, Marc Chase, 52, co-owner of Symbolic Motor Car Co., admitted that he laundered money from Mexican businessman Jose Susumo Azano Matsura into the mayoral campaigns of Dumanis and Filner. Azano was a major customer of Chase's company. Chase served as a "straw" donor to hide Azano's name. Dumanis was defeated in the primary. Filner was elected mayor in the November runoff. Chase laundered about $165,000 into the campaigns, as well as to the county Democratic party, according to the commission. Election law forbids contributions from foreign nationals.

But what's most important to remember is that the "un-American" Koch brothers are "trying to buy America."
http://townhall.com/tipsheet/guybenson/2014/04/18/surprise-another-major-hillary-donor-guilty-of-illegal-fundraising-n1825868

Obama White House Indefinitely Delays Keystone Pipeline Decision

This Guy is an Idiot. No taxpayer money, and it would be jobs(union jobs I might add) and this Idiot is siding with the Environmental Wackos! 

The State Department will grant federal agencies an indefinite amount of time to review the Keystone XL pipeline, officials said Friday, allowing the Obama administration to avoid the issue entirely until after the fall midterm elections.
“This delay is shameful,” House Speaker John Boehner (R-Ohio) said in a statement Friday. “With … our allies in Eastern Europe looking for energy leadership from America, it’s clear there is little this administration isn’t willing to sacrifice for politics.”
“This job-creating project has cleared every environmental hurdle and overwhelmingly passed the test of public opinion, yet it’s been blocked for more than 2,000 days,” he said. “And if we’ve learned anything from the events in Ukraine, it’s that energy security sends signals across borders, and nations in the region hoping for greater American energy exports will no doubt take notice of this egregious decision.”
Boehner said the Republican-controlled Congress willcontinue its efforts to persuade President Barack Obama to approve the project.
The decision to delay the Keystone pipeline stems from a Nebraska judge’s recent decision to overturn a state law that allowed the project to run through the state, the State Department said.
Federal officials said the judge’s decision raised concerns about the pipeline and created uncertainty.
“The agency consultation process is not starting over. The process is ongoing, and the department and relevant agencies are actively continuing their work in assessing the permitapplication,” the State Department said in a statement.
“The permit process will conclude once factors that have a significant impact on determining the national interest of the proposed project have been evaluated and appropriately reflected in the decision documents,” the statement added, avoiding any mention of a specific deadline. “The Department will give the agencies sufficient time to submit their views.”
Environmentalist groups and major Democratic donors cheered the announcement as “great news.”
But not everyone on the left side of the aisle is thrilled with the White House’s indefinite delay.
Sen. Mary Landrieu (D-La.), a vulnerable lawmaker who’s up for re-election this fall in a state that would benefit greatly from the pipeline, said the delay is “unacceptable.”
“Today’s decision by the Administration amounts to nothing short of an indefinite delay of the Keystone Pipeline,” Landrieu said Friday. “This decision is irresponsible, unnecessary and unacceptable.”
The State Department has the authority to halt the project as the pipeline crosses the border between the United States and Canada.
“We are disappointed that politics continue to delay a decision on Keystone XL,” said a spokesman for Canadian Prime Minister Stephen Harper.
Canadian company TransCanada first proposed the pipeline.
http://www.theblaze.com/stories/2014/04/18/obama-white-house-indefinitely-delays-keystone-pipeline-decision/

Doctor challenges claim that health care law is 'working'

Obama Claims the law is here to stay, no more said it is good. I will believe a Doctor any day over our Clown in the WhiteHouse that is a compulsive LIAR to get his Socialist Transfer of Wealth Crap Through!
I hope the A,erican People keep up the fight. I heard an Interview today that someones monthly payments went up $300.00 a month.Because he was not eligible for Subsidies, he now has to make a decision of what bills he won't be ale to pay.  Obamacare is not working. Its not all about the signups. If there is more medicaid than payers, taxpayers will have one hell of a bill when the Feds stop paying the States. They areon their own with the bill!





http://www.foxnews.com/on-air/your-world-cavuto/index.html#/v/3483174316001

True The Vote ~> Elijah Cummings working with IRS to target us HOT VIDEO

 Elijah is now linked in this Corruption. No wonder why he kept saying nothing here, case closed. What a Dirtbag!


Catherine Engelbrecht
The Silencing of Political Speech Should Trouble Everyone!

Elijah Eugene Cummings is the U.S. Representative for Maryland's 7th congressional district, serving since 1996. He is a member of the Democratic Party.
http://barracudabrigade.blogspot.com/2014/04/true-vote-elijah-cummings-working-with.html

More Than 20,000 NC Voters Have Fake Registration Addresses

Holy Crap, more Voter Fraud discovered!


Raleigh, NC)— APR 16, 2014—The Voter Integrity Project of North Carolina, today, submitted data to the NC State Board of Elections that show 20,532 NC voters were registered at street addresses that do not exist and 13,027 (or 63.4%) of them listed a post office box as their alternative mailing address.
“We are amazed that counties allow people to vote with a non-existent registration address,” said Jay DeLancy, “and wonder how election officials can correctly assign these voters to a precinct when they give a PO Box as their secondary address.”
Last week, the group posted email from Buncombe County Emergency services and from a US Postal Service representative, confirming that zero addresses do not exist.
“Any mailing with a zero as a street number will be returned to sender as an insufficient address,” according to an email message VIP-NC received from a Post Office employee in Buncombe County and confirmed separately by a postal official at the USPS central call center (who refused to give her name).
“The single factor in issuing correct ballots to voters is where they lay their head at night,” said DeLancy, “but when a voter lists a non-existent residential address, we get worried; and when they list a PO Box as their secondary address, we get angry that county election officials are tolerating such sloppy list maintenance.”
VIP-NC released a list of the top 15 counties with the most registrations from zero-address voters. The data, from December 2013, was confirmed in April 2014, but April’s data excluded 12 counties due to problems with the NC BoE website. The partial April figures confirmed overall trends with 65% listing a PO Box as a secondary address and a minor amount of voters removed who died or moved away. They’re still researching the number who voted, but 14,998 (73%) of the December voters had their status listed as “active.”
“We want these fictional registration addresses to be investigated and explained to the public,” DeLancy said. “Holes in the system like this make us wonder if certain election offices can even do their jobs.”

Capture2

http://voterintegrityproject.com/20000-nc-voters-used-fake-registration-addresses/

http://voterintegrityproject.com/double-voting/

http://voterintegrityproject.com/height-hypocrisy-must-id-march-protest-id/