Barack Obama, our next President

"The road ahead will be long. Our climb will be steep," Obama cautioned. Young and charismatic but with little experience on the national level, Obama smashed through racial barriers and easily defeated ... Full Story

Since: Sep 10

Location hidden

#997208 Oct 7, 2013
Is the midget in denial about OIL SUBSIDIES??

America's Most Obvious Tax Reform Idea: Kill the Oil and Gas Subsidies
In a world where $100-a-barrel oil is here to stay, there's no need to pad the industry's bottom line.

When Saudi Arabia's longtime oil minister, Ali Al-Naimi, opens his mouth, the world listens. Yesterday, during a speech in Hong Kong, he delivered a message that U.S. policy makers in particular would do well to take note of. The days of $100-a-barrel crude, he told the crowd, are here "for the foreseeable future."

If he's right, one thing that shouldn't be around for the foreseeable future are the outdated tax credits that protect oil and gas companies, which will be plenty profitable in a world of $100-a-barrel oil. If Democrats and Republicans are looking for safe ground to set up camp for the budget negotiations, let's start with these $7 billion-a-year subsidies.

Why Big Oil Doesn't Need Uncle Sam's Help
The oil industry's lobbyists like to argue that its array of tax write-offs (which allow companies to deduct everything from drilling costs to the declining value of their wells) aren't any different than other deductions for less publicly reviled companies. Cutting them will discourage new exploration and put jobs at risk, they claim.

Yet, some of the breaks are anachronisms that date back almost to the days of John D. Rockefeller. And in a world of permanently high crude prices, there's very little rationale for subsidizing the bottom lines of companies like ExxonMobil and BP.

http://www.theatlantic.com/business/archive/2...

Since: Sep 10

Location hidden

#997209 Oct 7, 2013
Is the midget in denial about OIL SUBSIDIES??

America's Most Obvious Tax Reform Idea: Kill the Oil and Gas Subsidies
In a world where $100-a-barrel oil is here to stay, there's no need to pad the industry's bottom line.

When Saudi Arabia's longtime oil minister, Ali Al-Naimi, opens his mouth, the world listens. Yesterday, during a speech in Hong Kong, he delivered a message that U.S. policy makers in particular would do well to take note of. The days of $100-a-barrel crude, he told the crowd, are here "for the foreseeable future."

If he's right, one thing that shouldn't be around for the foreseeable future are the outdated tax credits that protect oil and gas companies, which will be plenty profitable in a world of $100-a-barrel oil. If Democrats and Republicans are looking for safe ground to set up camp for the budget negotiations, let's start with these $7 billion-a-year subsidies.

Why Big Oil Doesn't Need Uncle Sam's Help
The oil industry's lobbyists like to argue that its array of tax write-offs (which allow companies to deduct everything from drilling costs to the declining value of their wells) aren't any different than other deductions for less publicly reviled companies. Cutting them will discourage new exploration and put jobs at risk, they claim.

Yet, some of the breaks are anachronisms that date back almost to the days of John D. Rockefeller. And in a world of permanently high crude prices, there's very little rationale for subsidizing the bottom lines of companies like ExxonMobil and BP.

http://www.theatlantic.com/business/archive/2 ...
Nat Turner

Angeles City, Philippines

#997210 Oct 7, 2013
Why listen to Frank Sinatra when you can listen to "BOW WOW"!
Nat Turner

Angeles City, Philippines

#997211 Oct 7, 2013
WOW wrote:
<quoted text>In order to know the truth you must believe the impossible
Do you like "BOW WOW"?

Since: Sep 10

Location hidden

#997212 Oct 7, 2013
More proof concerning OIL SUBSIDIES

As Oil Industry Fights a Tax, It Reaps Subsidies

When the Deepwater Horizon drilling platform set off the worst oil spill at sea in American history, it was flying the flag of the Marshall Islands. Registering there allowed the rig’s owner to significantly reduce its American taxes.

he owner, Transocean, moved its corporate headquarters from Houston to the Cayman Islands in 1999 and then to Switzerland in 2008, maneuvers that also helped it avoid taxes.

At the same time, BP was reaping sizable tax benefits from leasing the rig. According to a letter sent in June to the Senate Finance Committee, the company used a tax break for the oil industry to write off 70 percent of the rent for Deepwater Horizon — a deduction of more than $225,000 a day since the lease began.

With federal officials now considering a new tax on petroleum production to pay for the cleanup, the industry is fighting the measure, warning that it will lead to job losses and higher gasoline prices, as well as an increased dependence on foreign oil.

But an examination of the American tax code indicates that oil production is among the most heavily subsidized businesses, with tax breaks available at virtually every stage of the exploration and extraction process.

According to the most recent study by the Congressional Budget Office, released in 2005, capital investments like oil field leases and drilling equipment are taxed at an effective rate of 9 percent, significantly lower than the overall rate of 25 percent for businesses in general and lower than virtually any other industry.

http://www.nytimes.com/2010/07/04/business/04...

Since: Sep 10

Location hidden

#997213 Oct 7, 2013
Dweeb has a thick haid, repeat:

As Oil Industry Fights a Tax, It Reaps Subsidies

When the Deepwater Horizon drilling platform set off the worst oil spill at sea in American history, it was flying the flag of the Marshall Islands. Registering there allowed the rig’s owner to significantly reduce its American taxes.

he owner, Transocean, moved its corporate headquarters from Houston to the Cayman Islands in 1999 and then to Switzerland in 2008, maneuvers that also helped it avoid taxes.

At the same time, BP was reaping sizable tax benefits from leasing the rig. According to a letter sent in June to the Senate Finance Committee, the company used a tax break for the oil industry to write off 70 percent of the rent for Deepwater Horizon — a deduction of more than $225,000 a day since the lease began.

With federal officials now considering a new tax on petroleum production to pay for the cleanup, the industry is fighting the measure, warning that it will lead to job losses and higher gasoline prices, as well as an increased dependence on foreign oil.

But an examination of the American tax code indicates that oil production is among the most heavily subsidized businesses, with tax breaks available at virtually every stage of the exploration and extraction process.

According to the most recent study by the Congressional Budget Office, released in 2005, capital investments like oil field leases and drilling equipment are taxed at an effective rate of 9 percent, significantly lower than the overall rate of 25 percent for businesses in general and lower than virtually any other industry.

http://www.nytimes.com/2010/07/04/business/04 ...

Since: Sep 10

Location hidden

#997214 Oct 7, 2013
Did someone mention OIL SUBSIDIES??

""A 2011 study by the consulting firm Management Information Services, Inc.(MISI)[7] estimated the total historical federal SUBSIDIES for various energy sources over the years 1950-2010. The study found that oil, natural gas, and coal received $369 billion,$121 billion, and $104 billion (2010 dollars), respectively, or 70% of total energy SUBSIDIES over that period. Oil, natural gas, and coal benefitted most from percentage depletion allowances and other tax-based SUBSIDIES, but oil also benefitted heavily from regulatory SUBSIDIES such as exemptions from price controls and higher-than-average rates of return allowed on oil pipelines.""
Whatever

Gering, NE

#997215 Oct 7, 2013
Nat Turner wrote:
Why listen to Frank Sinatra when you can listen to "BOW WOW"!
But, Bow Wow, cannot be the father of Mia's child.

LOL, loved her son's response.

"Everyone could be a son of Frank Sinatra"
WOW

Bronx, NY

#997216 Oct 7, 2013
NJ raider 1 wrote:
<quoted text>I've done battle with 5%ers in the past, being the wall. I will admit, I agree with a lot of the teachings but, they're no different than any other mass group setting surrounding the topic of spirituality, a religion! And religion is nothing but a reason for wars. Religion also has no place in politics but, youcontinually try to shove a circle on a round peg. Try it on someone else who haven't heard it all!
The historic stand of African America is that of a people forged in struggle against privilege and injustice, asking for and receiving the solidarity of humanity in our continued struggle. How does that square with the current stand of our ostensible black leaders, addicted to celebrity and delirious at the mere proximity to power? How can supposed black leaders celebrate at the corporate funded monument to Dr. King one week and clamor for unjust, unconstitutional war out of loyalty to the black president the next? Whose shoulders do they stand on? Fannie Lou Hamer's? Or Condoleezza Rice's? Whose legacy do they uphold? Martin Luther King's? Or Colin Powell's?

Join Black Agenda Report, along with Cornel West, Ajamu Baraka and other guests for a fascinating exploration into the Black Misleadership Class, and what their rise to power and prominence mean for the rest of us, at Harlem's Riverside Church Friday Oct. 18...
AJAMU BARAKA BLACK AMERICAN WARRIOR SON

Since: Aug 13

Bozeman, MT

#997217 Oct 7, 2013
Whatever wrote:
Barack Obama - the ONLY president in US history actually WILLING to default on US debt, & hurt America, so he can "WIN" against Republican's.
He wants his legacy to read: I did as much damage to my political enemies as possible.

What happens to the country in the meantime is not important.
Whatever

Gering, NE

#997218 Oct 7, 2013
Standing strong against Tyranny, Gov Walker Says Screw Shut Down Obama Drama; Keeps All Wisconsin Parks mainly funded by the state Open!
No Surprize

Seminole, FL

#997220 Oct 7, 2013
Nuculur option wrote:
<quoted text>
Did the midget say OIL SUBSIDIES??
""A 2011 study by the consulting firm Management Information Services, Inc.(MISI)[7] estimated the total historical federal SUBSIDIES for various energy sources over the years 1950-2010. The study found that oil, natural gas, and coal received $369 billion,$121 billion, and $104 billion (2010 dollars), respectively, or 70% of total energy SUBSIDIES over that period. Oil, natural gas, and coal benefitted most from percentage depletion allowances and other tax-based SUBSIDIES, but oil also benefitted heavily from regulatory SUBSIDIES such as exemptions from price controls and higher-than-average rates of return allowed on oil pipelines.""
Nutsack dancing in his god forsaken barn yard thread in his George Bush sheet and shit, nutcase sucking Dick Cheney looking for graves to rob??... eh.. or looking for an Avatar to loot you idiot???...

The battle nutsack is fighting is not with DBwriter, it's with yourself...

If it's ghetto, illiterate, moocher, and idiot... It's free cheese, nutcase, and ass-clown stupid...

It's the culture...

Since: Sep 10

Location hidden

#997221 Oct 7, 2013
As Obamacare Sign Up Begins Tea Partiers Are Fighting A Battle They’ve Already Lost

Most Americans understand it is autumn in 2013, and that it has been nearly a year since voters re-elected Barack Obama to serve a second term as President. According to a poll released yesterday, by a margin of two-to-one, respondents said “the results from the 2012 presidential election represented a referendum on moving forward with the Affordable Care Act” that has been the law of the land since March 23, 2010. However, for Republicans it is still 2010 and they are fighting to defeat what they imagine is a health insurance reform bill in Congress even though the Supreme Court ruled the ACA was constitutional in 2012. To impress on Americans they are still fighting the health law, they shut down the government.

Now that it is October 1 and Americans can begin signing up to buy affordable healthcare insurance, it is unlikely that reality will sink in to Republicans in Congress that the next phase of the Affordable Care Act is underway and that their man-god, Ted Cruz, is just another deranged teabagger; albeit one Republicans admit is leading congressional Republicans. Traditionally, in both houses of Congress there are procedures for picking the leader of each party that worked for a couple of hundred years, and it is true that John Boehner was elected as Speaker of the House, but he is just a sycophant answering to Ted Cruz.

....No party likes to lose elections, or legislative battles, but Republicans are taking their losses to an extreme and causing harm to the people and the economy. In fact, stocks are already falling because Republicans threaten to repeat their shutdown debacle when the debt limit is reached in a little over two weeks. The Affordable Care Act is, in John Boehner’s words,“the law of the land,” and yet he is blindly following teabagger Ted Cruz and holding firm that “something has to be done” to eliminate the healthcare law regardless the consequences to the economy and the people. It is 2013 and the ACA has been a law for over three years and it has been a year since the voters re-elected the President and his promise to see the health law fully implemented. As the President said, one faction is refighting the results of an election, but they are not alone and it is time to put the blame squarely where it belongs; on the entire Republican Party regardless they are being led by a maniac.

Since: Jun 13

Orlando, FL

#997222 Oct 7, 2013
WOW wrote:
<quoted text>In order to know the truth you must believe the impossible
Exactly. Couldn't have said it better myself.
No Surprize

Seminole, FL

#997223 Oct 7, 2013
Nuculur option wrote:
Did the midget ask about OIL SUBSIDIES??
Did the midget say OIL SUBSIDIES??
""A 2011 study by the consulting firm Management Information Services, Inc.(MISI)[7] estimated the total historical federal SUBSIDIES for various energy sources over the years 1950-2010. The study found that oil, natural gas, and coal received $369 billion,$121 billion, and $104 billion (2010 dollars), respectively, or 70% of total energy SUBSIDIES over that period. Oil, natural gas, and coal benefitted most from percentage depletion allowances and other tax-based SUBSIDIES, but oil also benefitted heavily from regulatory SUBSIDIES such as exemptions from price controls and higher-than-average rates of return allowed on oil pipelines.""
That root kit virus in your lame computer really sucks locking up and denying you service, rebooting all the time you idiot...

It's the culture...
WOW

Bronx, NY

#997224 Oct 7, 2013
----------

New Benjamins Going into Circulation On Tuesday

“For God & Country”

Since: Aug 13

The Promised Land Illinois

#997225 Oct 7, 2013
After taking a week of from Topix I see we have shut down. It is now a test of Will-Power. Who will hold out the longest? My Guess is the Democrats will cave. They are being seen as “Tossing Grandma off the Buss”. Now if the Republicans cave they are a lost cause or could be in the next election.

Alright the DOD has called back to work how many 1000’s of people? They will be paid but not right away.

Oh here is a thought. I believe almost a million people were laid off. Will the number of unemployed still go down?
Nat Turner

Angeles City, Philippines

#997226 Oct 7, 2013
That boat that sank in Italy was Torpedoed by Crakkkas!

Since: Jun 13

Orlando, FL

#997227 Oct 7, 2013
LoisLane59 wrote:
Bigfoot lives!!
Seriously.
Scientists confirmed tissue and DNA samples with a compelling new video.
http://www.huffingtonpost.com/2012/11/27/bigf...

http://www.abc15.com/dpp/news/local_news/wate...



Once again, for our disbelieving judge-it.
No Surprize

Seminole, FL

#997228 Oct 7, 2013
Nuculur option wrote:
Dweeb has a thick haid, repeat:
Spared the bullshit and hyperbole...
YOU Liar...

Watch the commie liberal from ghetto Wethersfield, Connecticunt disappear. nutsack always does when his virus infested computer and ghetto urban stupidity are exposed.

It's the culture...

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