AMT: Is It Necessary?
The IRS is reminding taxpayers and Congress alike that if the annual “AMT patch” isn’t renewed before the end of the year, millions of taxpayers (28 million) would be on the hook for thousands more per person in tax payments.
But we need more than just a “patch”. We need to eliminate the AMT from the tax code. Here’s why:
The Alternative Minimum Tax (“AMT”) presents hardships to the practitioner as well as the taxpayer who prepares his own return by, as its name implies, imposing a second tax calculation mechanism on taxpayers. It serves virtually no useful purpose, other than the raising of an ever-increasing amount of tax revenue. But it has become very clear in recent years that this AMT tax revenue is not coming from just the taxpayers who were the intended targets of this tax.
However the AMT was seriously flawed from the outset. Instead of focusing on these loophole type preferences (which would have limited the tax to a very small number of tax law “abusers”), the law that was passed included items that were not loopholes at all. A convoluted formula compares the differences between income and deductions to determine who falls under the guidelines.
- Treating state and local taxes as a preference
- Treating miscellaneous deductions as a preference
- Allowing lower exemptions than the regular tax.
Each of these, however, can be quickly shown as inappropriate factors with which to base a tax system intended to just make sure everyone pays a “fair share” of tax.
- State and local taxes are hardly a loophole. The taxes exacted by state and local governments are hardly “voluntarily” paid by taxpayers in an attempt to avoid paying federal taxes.
- Miscellaneous deductions is the category of deductions that consists primarily of expenses incurred to earn income that is subject to tax. It includes unreimbursed employee expenses, investment expenses, etc. This is the most basic and important deduction needed to have a truly fair income tax system. For example, if an individual pays a lawyer a fee for collecting back wages, the legal fee is a miscellaneous deduction. If an individual pays the lawyer $300 for collecting $1000 of back pay, netting $700, the AMT would tax the individual on the full $1000.
- The exemption available under the AMT tax system is a fixed dollar amount which, unlike exemptions and standard deductions under the regular tax system, is not indexed for inflation. Furthermore, it is phased out entirely over certain income levels. And each year Congress has to approve an annual “patch”, which raises the threshold for inflation, in order to raise the exemption limits of the tax so that less wealthy taxpayers won’t be subject to the AMT.
It must be noted that the annual AMT patch is not a tax cut at all, but merely the avoidance of a massive tax increase on millions of middle-income taxpayers’ families. Congress likes to point to the patch as some major revenue loss, had the AMT been applied to those families, as an excuse to raise to raise taxes in order to offset this “potential missing tax revenue”.
The AMT in its present form has no place in tax law. The AMT does not serve the purpose for which it was intended and functions in a most inequitable manner while adding enormous compliance burdens. It should therefore be changed to eliminate the adjustments for state and local taxes and miscellaneous deductions, update its rates, and modify its exemption — or else the AMT needs to be eliminated completely.
crossposted at redstate.com/alanjoelny
Unfunded Liabilities vs Raising Taxes
This is fairly self-explanatory
Obama’s plan to tax the rich would have very little impact on the crushing debt — even if you were to tax the top income-earners at 100%…but he doesn’t want to tell you that.
Mr. President, It’s Not A Mandate For Taxes
In an interview a week before Election Day, President Obama declared that if he won again, it would be mandate for making cuts, but also for raising taxes on the highest income earners.
Reviewing Election Day exit poll data, however, tells a different story.
Looking at the voting patterns broken down by income earning amounts (based on 2011 total family income), there are only TWO categories out of six that Obama won more than 50% of the vote. Those are:
Under $30,000: Obama 63% Romney 35%
$30,000 – $49,999: Obama 57% Romney 42%
The other four out of the six categories had Romney with over 50% of the vote. Those are:
$50,000 – $99,999: Obama 46% Romney 52%
$100,000 – $199,999: Obama 44% Romney 54%
$200,000 – $249,999: Obama 47% Romney 52%
$250,000 or more: Obama 42% Romney 55%
The electorate that voted from Obama – voters whose households earned under $50,000 – are also the same citizens who pay the least amount of taxes. The voters who already pay the most in taxes voted for Romney.
The only “mandate to raise taxes”, therefore, comes from the population of taxpayers who prefer others to pay more in tax so they can continue to pay less. The only clear lesson from the election is that President Obama has created class warfare as it has never been seen before.
(crossposted at redstate.com/alanjoelny)
Obamacare Is A Tax
I was talking to a small business owner the other day. He said it made more sense to “to pay a $2,000 fine than buy $6,000 insurance policy” (per employee, of course).
But there is no “fine”. It’s a “tax”. Employers who do not provide the one-size-fits-all, government-approved insurance demanded by Obamacare are taxed. And we know it’s a tax because the Supreme Court said so–in fact, if it isn’t a tax, if there is any hint that not purchasing insurance was bad behavior, Obamacare is unconstitutional.
Conservatives, people of integrity should take care to describe this payment to the government accurately: it is a tax on perfectly legal and moral behavior, not a fine for bad behavior. When you hear someone refer to the payment as a fine or hear them denigrate a business who opts to pay the tax rather than purchase insurance, be sure to remind them what the Supreme Court said.
Schwartz: Don’t Forget About Obamacare
I’ve written several articles regarding the folly of Obamacare. This morning, I read a great piece on the need to keep ObamaCare and its impact at the forefront of our discussions .
The full implementation of the Affordable Care Act needs to be a major discussion in the coming months and years, especially in 2014 when every Democratic senator elected in 2008 on the coat-tails of Barack Obama may be branded as the deciding vote to corporatize — with government sanction and force — the mandatory use of seventeen hundredths of private property.
and this:
No, we cannot forget about Obamacare. When our expectation is to have the finest product available, at the expense of another person’s property; and when life is that product, it is impossible — by the laws of economics and the laws of logic — for our nation ever to maintain its prosperity. We will create a stagnant mediocrity, grant to a faceless human authority the power to determine how much life and quality of life is “acceptable,” and elevate our dependence on that authority until property is void, liberty is nostalgia, and self-propriety — i.e., life — is nothing more than a pluralistic determination of worth.
I urge you to read the article in its entirety.
Class Warfare Won
Class warfare proved to be the winner in this election cycle as it was a key component of Obama’s policies and re-election rhetoric. The components of such a tactic were easily recognized: 1) the political opponent (Romney) will hurt those among us who are most vulnerable (elderly, poor, etc); 2) the political opponent (Romney) does not care about the “middle class”; 3) the political opponent (Romney) wants to benefit those most advantaged (the rich/elite).
The third point of this strategy was the one that resonated most with Obama supporters; he continuously and intentionally railed against “millionaires and billionaires”, and talked about “the wealthy paying their fair share” in order to create a divide and separate that particular fiscal population from the rest of “mainstream America”.
Besides the obvious baseness of such an argument coming from the President of the United States, it is critically important to note the amount of true millionaires and billionaires are so few in number, that taxing them more – as Obama plans to do – will not help with any significant deficit reduction. His assertion was pure dishonest political speech; you cannot possibly create enough revenue from the millionaire/billionaire population even if you were to tax them at 100%. Our fiscal situation is so dire in this country that an increased tax on this group in any large or small amount solves nothing in the long-term.
Unfortunately, none of this mattered to Obama. He intentionally threw the labels around so that they conveniently fit whatever emotive language would coerce voters and supporters to rally behind his outrageous monetary policies. It was classical class-warfare: antagonizing lower socio-economic groups against the “rich”. Simultaneously, he added record numbers of citizens to entitlement rolls, thereby creating a further divide. And it worked to win.
Obama has stated his intent to raise the marginal rates on the top income earners, (aka the “rich”, “wealthy”, or “top 2%”). Yet history shows us that higher tax rates results in less – not more – tax collections. Democrats like to wax poetic about the high rates of 70% and even 91%. What they fail to comprehend or deliberately don’t explain is that at those times, there were an enormous amount of tax shelters such as real estate, so that people could legally lower that taxable income and would not have to actually pay the outrageous tax rates.
With the IRC reforms of 1986, Reagan reduced the tax rates to 28% in exchange for getting rid of the tax shelters. As a result, the amount of federal income collected was more at 28% and a clean tax code than at 91% and tax shelters, because at 28%, it really wasn’t worth the time, cost, and effort to hide money. We need comprehensive tax reform, but not the type that Obama is pushing. His policies of more “tax credits” (which is government spending run through the tax code) and marginal rate increases hampers our recovery. If the federal tax rates are going to rise again – and they will – in addition to state and local tax hikes, the tax burden in this country will be staggering. People will do one of two things: 1) start finding ways not to pay it like they did when the rates were outrageous or 2) stop working and investing so much because it’s just going to get taken away from them. When that happens, the economy worsens — and it is already suffering enough.
Blindly vilifying the rich was simply a tactic Obama used to pit classes against one another for political gain. But putting it into practice? Imposing higher taxes on that segment of the population most able to invest in and aid our recovery is true economic ignorance. Why take additional money from those taxpayers who have been able to create wealth and employment successfully and give it to the government and politicians who have proven their ability to mismanage and squander income? What worked to win the White House, will not work to win the economy back.
(crossposted at redstate.com/alanjoelny)
Powell Endorses Obama. Who Endorses Romney from the Military?
There was a recent media frenzy when Obama announced that General Colin Powell endorsed him for President. The NY Times helpfully noted that
Mr. Powell said he supported Mr. Obama in part because he is ending the war in Afghanistan and has a strong counter-terrorism record. “There’s some very, very strong neo-conservative views that are presented by the governor that I have some trouble with,” he said. “I’m not quite sure which Governor Romney we’d be getting with respect to foreign policy,” he said.
Along with Powell, Obama’s military support includes General Wesley Clark, USA, (Ret), Major General Paul Eaton, USA (Ret, Admiral Donald Gutter, USN, former JAG of the Navy, (Ret) and Admiral John Nathman, USN, (Ret).
Reuters, ABC, Huffington Post, CNN — they all lead the day with stories about this news. A repeat endorsement from 2008.
Obama too has been pushing the narrative, even including it in a video in swing states.
Sounds impressive, right?
So who endorsed Romney from the military?
A friend from Bearing Drift posted the list below:
Admiral James B. Busey, USN, (Ret.)
General James T. Conway, USMC, (Ret.)
General Terrence R. Dake, USMC, (Ret)
Admiral James O. Ellis, USN, (Ret.)
Admiral Mark Fitzgerald, USM, (Ret.)
General Ronald R. Fogleman, USAF, (Ret)
General Tommy Franks, USA, (Ret)
General Alfred Hansen, USAF, (Ret)
Admiral Ronald Jackson Hays, USN, (Ret)
Admiral Thomas Bibb Hayward, USN, (Ret)
General Chuck Albert Horner, USAF, (Ret)
Admiral Jerome LaMarr Johnson, USN, (Ret)
Admiral Timothy J. Keating, USN, (Ret)
General Paul X. Kelley, USMC, (Ret)
General William Kernan, USA, (Ret)
Admiral George E.R. Kinnear II, USN, (Ret)
General William L. Kirk, USAF, (Ret)
General James J. Lindsay, USA, (Ret)
General William R. Looney III, USAF, (Ret)
Admiral Hank Mauz, USN, (Ret)
General Robert Magnus, USMC, (Ret)
Admiral Paul David Miller, USN, (Ret)
General Henry Hugh Shelton, USA, (Ret)
General Lance Smith, USAF, (Ret)
Admiral Leighton Smith, Jr., USN, (Ret)
General Ronald W. Yates, USAF, (Ret)
Admiral Ronald J. Zlatoper, USN, (Ret)
Lieutenant General James Abrahamson, USAF, (Ret.)
Lieutenant General Edgar Anderson, Jr., USAF, (Ret.)
Lieutenant General Marcus A. Anderson, USAF, (Ret.)
Lieutenant General Buck Bedard, USMC, (Ret.)
Vice Admiral A. Bruce Beran, USCG, (Ret.)
Vice Admiral Lyle Bien, USN, (Ret.)
Lieutenant General Harold Blot, USMC, (Ret.)
Lieutenant General H. Steven Blum, USA, (Ret.)
Vice Admiral Mike Bowman III, USN, (Ret.)
Vice Admiral Mike Bucchi, USN, (Ret.)
Lieutenant General Walter E. Buchanan III, USAF, (Ret.)
Lieutenant General Richard A. Burpee, USAF, (Ret.)
Lieutenant General William Campbell, USAF, (Ret.)
Lieutenant General James E. Chambers, USAF, (Ret.)
Vice Admiral Edward W. Clexton, Jr., USN, (Ret.)
Lieutenant General John B. Conaway, USAF, (Ret.)
Lieutenant General Marvin Covault, USA, (Ret.)
Vice Admiral Terry M. Cross, USCG, (Ret.)
Vice Admiral William Adam Dougherty, USN, (Ret.)
Lieutenant General Brett Dula, USAF, (Ret.)
Lieutenant General Gordon E. Fornell, USAF, (Ret.)
Vice Admiral David Frost, USN, (Ret.)
Vice Admiral Henry C. Giffin III, USN, (Ret.)
Vice Admiral Peter M. Hekman, USN, (Ret.)
Vice Admiral Richard D. Herr, USCG, (Ret.)
Lieutenant General Thomas J Hickey, USAF, (Ret.)
Lieutenant General Walter S. Hogle, Jr., USAF, (Ret.)
Lieutenant General Ronald W. Iverson, USAF, (Ret.)
Lieutenant General Donald W. Jones, USA, (Ret.)
Vice Admiral Douglas J. Katz, USN, (Ret.)
Lieutenant General Jay W. Kelley, USAF, (Ret.)
Vice Admiral Tom Kilcline, USN, (Ret.)
Lieutenant General Timothy A. Kinnan, USAF, (Ret.)
Vice Admiral Harold Koenig, M.D., USN, (Ret.)
Vice Admiral Albert H. Konetzni, USN, (Ret.)
Lieutenant General Buford Derald Lary, USAF, (Ret.)
Lieutenant General Frank Libutti, USMC, (Ret.)
Vice Admiral Stephen Loftus, USN, (Ret.)
Vice Admiral Michael Malone, USN, (Ret.)
Vice Admiral Edward H. Martin, USN, (Ret.)
Vice Admiral John J. Mazach, USN, (Ret.)
Vice Admiral Justin D. McCarthy, USN, (Ret.)
Vice Admiral William McCauley, USN, (Ret.)
Lieutenant General Fred McCorkle, USMC, (Ret.)
Lieutenant General Thomas G. McInerney, USAF, (Ret.)
Vice Admiral Joseph S. Mobley, USN, (Ret.)
Lieutenant General Carol Mutter, USMC, (Ret.)
Lieutenant General Dave R. Palmer, USA, (Ret.)
Vice Admiral John Theodore “Ted” Parker, USN, (Ret.)
Lieutenant General Garry L. Parks, USMC, (Ret.)
Lieutenant General Charles Henry “Chuck” Pitman, USMC, (Ret.)
Lieutenant General Steven R. Polk, USAF, (Ret.)
Vice Admiral William E. Ramsey, USN, (Ret.)
Lieutenant General Joseph J. Redden, USAF, (Ret.)
Lieutenant General Clifford H. “Ted” Rees, Jr., USAF, (Ret.)
Lieutenant General Edward Rowny, USA (Ret.)
Vice Admiral Dutch Schultz, USN, (Ret.)
Lieutenant General Charles J. Searock, Jr., USAF, (Ret.)
Lieutenant General E. G. “Buck” Shuler, USAF, (Ret.)
Lieutenant General Alexander M. “Rusty” Sloan, USAF, (Ret.)
Vice Admiral Edward M. Straw, USN, (Ret.)
Lieutenant General David J. Teal, USAF, (Ret.)
Lieutenant General Billy M. Thomas, USA, (Ret.)
Vice Admiral Donald C. “Deese” Thompson, USCG, (Ret.)
Vice Admiral Alan S. Thompson, USN, (Ret.)
Lieutenant General Herman O. “Tommy” Thomson, USAF, (Ret.)
Vice Admiral Howard B. Thorsen, USCG, (Ret.)
Lieutenant General William Thurman, USAF, (Ret.)
Lieutenant General Robert Allen “R.A.” Tiebout, USMC, (Ret.)
Vice Admiral John B. Totushek, USNR, (Ret.)
Lieutenant General George J. Trautman, USMC, (Ret.)
Lieutenant General Garry R. Trexler, USAF, (Ret.)
Vice Admiral Jerry O. Tuttle, USN, (Ret.)
Lieutenant General Claudius “Bud” Watts, USAF, (Ret.)
Lieutenant General William “Bill” Welser, USAF, (Ret.)
Lieutenant General Thad A. Wolfe, USAF, (Ret.)
Lieutenant General C. Norman Wood, USAF, (Ret.)
Lieutenant General Michael W. Wooley, USAF, (Ret.)
Lieutenant General Richard “Rick” Zilmer, USMC, (Ret.)
Major General Chris Adams, USAF, (Ret.)
Rear Admiral Henry Amos, USN (Ret.)
Major General Nora Alice Astafan, USAF, (Ret.)
Major General Almon Bowen Ballard, USAF, (Ret.)
Major General James F. Barnette, USAF, (Ret.)
Major General Robert W. Barrow, USAF, (Ret.)
Rear Admiral John R. Batlzer, USN, (Ret.)
Rear Admiral Jon W. Bayless, USN, (Ret.)
Major General John E. Bianchi, USA, (Ret.)
Major General David F. Bice, USMC, (Ret.)
Rear Admiral Linda J. Bird, USN, (Ret.)
Rear Admiral James H. Black, USN, (Ret.)
Rear Admiral Peter A. Bondi, USN, (Ret.)
Major General John L. Borling, USMC, (Ret.)
Major General Tom Braaten, USA, (Ret.)
Major General Robert J. Brandt, USA, (Ret.)
Rear Admiral Jerry C. Breast, USN, (Ret.)
Rear Admiral Bruce B. Bremner, USN, (Ret.)
Rear Admiral Thomas F. Brown III, USN, (Ret.)
Major General David P. Burford, USA, (Ret.)
Rear Admiral John F. Calvert, USN, (Ret.)
Rear Admiral Jay A. Campbell, USN, (Ret.)
Major General Henry Canterbury, USAF, (Ret.)
Rear Admiral James J. Carey, USN, (Ret.)
Rear Admiral Nevin Carr, USN, (Ret.)
Rear Admiral Stephen K. Chadwick, USN, (Ret.)
Rear Admiral W. Lewis Chatham, USN, (Ret.)
Major General Jeffrey G. Cliver, USAF, (Ret.)
Rear Admiral Casey Coane, USN, (Ret.)
Rear Admiral Isaiah C. Cole, USN, (Ret.)
Major General Stephen Condon, USAF, (Ret.)
Major General Richard C. Cosgrave, USANG, (Ret.)
Rear Admiral Robert Cowley, USN, (Ret.)
Major General J.T. Coyne, USMC, (Ret.)
Rear Admiral Robert C. Crates, USN, (Ret.)
Major General Tommy F. Crawford, USAF, (Ret.)
Rear Admiral James P. Davidson, USN, (Ret.)
Rear Admiral Kevin F. Delaney, USN, (Ret.)
Major General James D. Delk, USA, (Ret.)
Major General Robert E. Dempsey, USAF, (Ret.)
Rear Admiral Jay Ronald Denney, USNR, (Ret.)
Major General Robert S. Dickman, USAF, (Ret.)
Rear Admiral James C. Doebler, USN, (Ret.)
Major General Douglas O. Dollar, USA, (Ret.)
Major General Hunt Downer, USA, (Ret.)
Major General Thomas A. Dyches, USAF, (Ret.)
Major General Jay T. Edwards, USAF, (Ret.)
Major General John R. Farrington, USAF, (Ret.)
Rear Admiral Francis L. Filipiak, USN, (Ret.)
Rear Admiral James H. Flatley III, USN, (Ret.)
Major General Charles Fletcher, USA, (Ret.)
Major General Bobby O. Floyd, USAF, (Ret.)
Rear Admiral Veronica Froman, USN, (Ret.)
Rear Admiral Vance H. Fry, USN, (Ret.)
Rear Admiral R. Byron Fuller, USN, (Ret.)
Rear Admiral George M. Furlong, USN, (Ret.)
Rear Admiral Frank Gallo, USN, (Ret.)
Rear Admiral Ben F. Gaumer, USN, (Ret.)
Rear Admiral Harry E. Gerhard Jr., USN, (Ret.)
Major General Daniel J. Gibson, USAF, (Ret.)
Rear Admiral Andrew A. Giordano, USN, (Ret.)
Major General Richard N. Goddard, USAF, (Ret.)
Rear Admiral Fred Golove, USCGR, (Ret.)
Rear Admiral Harold Eric Grant, USN, (Ret.)
Major General Jeff Grime, USAF, (Ret.)
Major General Robert Kent Guest, USA, (Ret.)
Major General Tim Haake, USAR, (Ret.)
Major General Otto K. Habedank, USAF, (Ret.)
Rear Admiral Thomas F. Hall, USN, (Ret.)
Rear Admiral Donald P. Harvey, USN, (Ret.)
Major General Leonard W. Hegland, USAF, (Ret.)
Rear Admiral John Hekman, USN, (Ret.)
Major General John A. Hemphill, USA, (Ret.)
Rear Admiral Larry Hereth, USCG, (Ret.)
Major General Wilfred Hessert, USAF, (Ret.)
Rear Admiral Don Hickman, USN, (Ret.)
Major General Geoffrey Higginbotham, USMC, (Ret.)
Major General Jerry D. Holmes, USAF, (Ret.)
Major General Weldon F. Honeycutt, USA, (Ret.)
Rear Admiral Steve Israel, USN, (Ret.)
Major General James T. Jackson, USA, (Ret.)
Rear Admiral John S. Jenkins, USN, (Ret.)
Rear Admiral Tim Jenkins, USN, (Ret.)
Rear Admiral Ron Jesberg, USN, (Ret.)
Rear Admiral Pierce J. Johnson, USN, (Ret.)
Rear Admiral Steven B. Kantrowitz, USN, (Ret.)
Rear Admiral John T. Kavanaugh, USN, (Ret.)
Major General Dennis M. Kenneally, USA, (Ret.)
Major General Michael Kerby, USAF, (Ret.)
Rear Admiral David Kunkel, USCG, (Ret.)
Major General Geoffrey C. Lambert, USA, (Ret.)
Rear Admiral Arthur Langston, USN, (Ret.)
Rear Admiral Thomas G. Lilly, USN, (Ret.)
Major General James E. Livingston, USAF, (Ret.)
Major General Al Logan, USAF, (Ret.)
Major General John D. Logeman Jr., USAF, (Ret.)
Rear Admiral Noah H. Long Jr, USNR, (Ret.)
Rear Admiral Don Loren, USN, (Ret.)
Major General Andy Love, USAF, (Ret.)
Rear Admiral Thomas C. Lynch, USN, (Ret.)
Rear Admiral Steven Wells Maas, USN, (Ret.)
Major General Robert M. Marquette, USAF, (Ret.)
Rear Admiral Larry Marsh, USN, (Ret.)
Major General Clark W. Martin, USAF, (Ret.)
Major General William M. Matz, USN, (Ret.)
Rear Admiral Gerard Mauer, USN, (Ret.)
Rear Admiral William J. McDaniel, MD, USN, (Ret.)
Rear Admiral E.S. McGinley II, USN, (Ret.)
Rear Admiral Henry C. McKinney, USN, (Ret.)
Major General Robert Messerli, USAF, (Ret.)
Major General Douglas S. Metcalf, USAF, (Ret.)
Rear Admiral John W. Miller, USN, (Ret.)
Rear Admiral Patrick David Moneymaker, USN, (Ret.)
Major General Mario Montero, USA, (Ret.)
Rear Admiral Douglas M. Moore, USN, (Ret.)
Major General Walter Bruce Moore, USA, (Ret.)
Major General William Moore, USA, (Ret.)
Major General Burton R. Moore, USAF, (Ret.)
Rear Admiral James A. Morgart, USN, (Ret.)
Major General Stanton R. Musser, USAF, (Ret.)
Rear Admiral John T. Natter, USN, (Ret.)
Major General Robert George Nester, USAF, (Ret.)
Major General George W. Norwood, USAF, (Ret.)
Rear Admiral Robert C. Olsen, USN, (Ret.)
Major General Raymund E. O’Mara, USAF, (Ret.)
Rear Admiral Robert S. Owens, USN, (Ret.)
Rear Admiral John F. Paddock, USN, (Ret.)
Major General Robert W. Paret, USAF, (Ret.)
Rear Admiral Robert O. Passmore, USN, (Ret.)
Major General Earl G. Peck, USAF, (Ret.)
Major General Richard E. Perraut Jr., USAF, (Ret.)
Major General Gerald F. Perryman, USAF, (Ret.)
Rear Admiral W.W. Pickavance, USN, (Ret.)
Rear Admiral John J. Prendergast, USN, (Ret.)
Rear Admiral Fenton F. Priest, USN, (Ret.)
Major General David C. Ralston, USA, (Ret.)
Major General Bentley B. Rayburn, USAF, (Ret.)
Rear Admiral Harold Rich, USN , (Ret.)
Rear Admiral Roland Rieve, USN, (Ret.)
Rear Admiral Tommy F. Rinard, USN , (Ret.)
Major General Richard H. Roellig, USAF, (Ret.)
Rear Admiral Michael S. Roesner, USN, (Ret.)
Rear Admiral William J. Ryan, USN, (Ret.)
Major General Loran C. Schnaidt, USAF, (Ret.)
Major General Carl Schneider, USAF , (Ret.)
Major General John P. Schoeppner, Jr., USAF, (Ret.)
Major General Edison E. Scholes, USAF, (Ret.)
Rear Admiral Robert H. Shumaker, USN, (Ret.)
Rear Admiral William S. Schwob, USCG, (Ret.)
Major General David J. Scott, USAF, (Ret.)
Rear Admiral Hugh P. Scott, USN, (Ret.)
Major General Richard Secord, USAF, (Ret.)
Rear Admiral William H. Shawcross, USN, (Ret.)
Major General Joseph K. Simeone, USAF and ANG , (Ret.)
Major General Darwin Simpson, ANG , (Ret.)
Rear Admiral Greg Slavonic, USN , (Ret.)
Rear Admiral David Oliver “D.O.” Smart, USNR, (Ret.)
Major General Richard D. Smith, USAF, (Ret.)
Major General Donald Bruce Smith, USAF, (Ret.)
Rear Admiral Paul O. Soderberg, USN, (Ret.)
Rear Admiral Robert H. “Bob” Spiro, USN, (Ret.)
Major General Henry B. Stelling, Jr., USAF, (Ret.)
Rear Admiral Daniel H. Stone, USN, (Ret.)
Major General William A. Studer, USAF, (Ret.)
Rear Admiral Hamlin Tallent, USN, (Ret.)
Major General Hugh Banks Tant III, USA, (Ret.)
Major General Larry S. Taylor, USMC, (Ret.)
Major General J.B. Taylor, USA, (Ret.)
Major General Thomas R. Tempel, USA , (Ret.)
Major General Richard L. Testa, USAF, (Ret.)
Rear Admiral Jere Thompson, USN (Ret.)
Rear Admiral Byron E. Tobin, USN, (Ret.)
Major General Larry Twitchell, USAF, (Ret.)
Major General Russell L. Violett, USAF, (Ret.)
Major General David E.B. “DEB” Ward, USAF, (Ret.)
Major General Charles J. Wax, USAF, (Ret.)
Rear Admiral Donald Weatherson, USN, (Ret.)
Major General John Welde, USAF, (Ret.)
Major General Gary Whipple, USA , (Ret.)
Rear Admiral James B. Whittaker, USN, (Ret.)
Rear Admiral Charles Williams, USN, (Ret.)
Rear Admiral H. Denny Wisely, USN, (Ret.)
Rear Admiral Theodore J. Wojnar, USCG, (Ret.)
Rear Admiral George R. Worthington, USN, (Ret.)
Brigadier General Arthur Abercrombie, USA, (Ret.)
Brigadier General John R. Allen, USAF, (Ret.)
Brigadier General Loring R. Astorino, USAF, (Ret.)
Brigadier General Richard Averitt, USA, (Ret.)
Brigadier General Garry S. Bahling, USANG,(Ret.)
Brigadier General Donald E. Barnhart, USAF, (Ret.)
Brigadier General Charles L. Bishop, USAF, (Ret.)
Brigadier General Clayton Bridges, USAF, (Ret.)
Brigadier General Jeremiah J. Brophy, USA, (Ret.)
Brigadier General R. Thomas Browning, USAF, (Ret.)
Brigadier General David A. Brubaker, USAF, (Ret.)
Brigadier General Chalmers R. Carr, USAF, (Ret.)
Brigadier General Fred F. Caste, USAFR, (Ret.)
Brigadier General Robert V. Clements, USAF, (Ret.)
Brigadier General Christopher T Cline, USA, (Ret.)
Brigadier General George Peyton Cole, Jr., USAF, (Ret.)
Brigadier General Richard A. Coleman, USAF, (Ret.)
Brigadier General Mike Cushman, USAF, (Ret.)
Brigadier General Peter Dawkins, USA, (Ret.)
Brigadier General Sam. G. DeGeneres, USAF, (Ret.)
Brigadier General George Demers, USAF, (Ret.)
Brigadier General Howard G. DeWolf, USAF, (Ret.)
Brigadier General Arthur F. Diehl, USAF, (Ret.)
Brigadier General David Bob Edmonds, USAF, (Ret.)
Brigadier General Anthony Farrington, USAF, (Ret.)
Brigadier General Norm Gaddis, USAF, (Ret.)
Brigadier General Robert H. Harkins, USAF, (Ret.)
Brigadier General Thomas W. Honeywill, USAF, (Ret.)
Brigadier General Stanley V. Hood, USAF, (Ret.)
Brigadier General James J. Hourin, USAF, (Ret.)
Brigadier General Jack C. Ihle, USAF, (Ret.)
Brigadier General Thomas G. Jeter, USAF, (Ret.)
Brigadier General William Herbert Johnson, USAF, (Ret.)
Brigadier General Kenneth F. Keller, USAF, (Ret.)
Brigadier General Wayne W. Lambert, USAF, (Ret.)
Brigadier General Jerry L. Laws, USA, (Ret.)
Brigadier General Thomas J. Lennon, USAF, (Ret.)
Brigadier General John M. Lotz, USAF, (Ret.)
Brigadier General Robert S. Mangum, USA, (Ret.)
Brigadier General Frank Martin, USAF, (Ret.)
Brigadier General Joe Mensching, USAF, (Ret.)
Brigadier General Richard L. Meyer, USAF, (Ret.)
Brigadier General Lawrence A. Mitchell, USAF, (Ret.)
Brigadier General Michael P. Mulqueen, USMC, (Ret.)
Brigadier General Ben Nelson, Jr., USAF, (Ret.)
Brigadier General Jack W. Nicholson, USA, (Ret.)
Brigadier General Maria C. Owens, USAF, (Ret.)
Brigadier General Dave Papak, USMC, (Ret.)
Brigadier General Gary A. Pappas, USANG, (Ret.)
Brigadier General Robert V. Paschon, USAF, (Ret.)
Brigadier General Allen K. Rachel, USAF, (Ret.)
Brigadier General Jon Reynolds, USAF, (Ret.)
Brigadier General Edward F. Rodriguez, Jr., USAFR, (Ret.)
Brigadier General Roger Scearce, USA, (Ret.)
Brigadier General Dennis Schulstad, USAFR, (Ret.)
Brigadier General John Serur, USAF, (Ret.)
Brigadier General Joseph L. Shaefer, USAF, (Ret.)
Brigadier General Graham Shirley, USAF, (Ret.)
Brigadier General Raymond Shulstad, USAF, (Ret.)
Brigadier General Stan Smith, USAF, (Ret.)
Brigadier General Ralph S. Smith, USAF, (Ret.)
Brigadier General Donald Smith, USA, (Ret.)
Brigadier General David M. Snyder, USAF, (Ret.)
Brigadier General Michael Joseph Tashjian, USAF, (Ret.)
Brigadier General Richard Louis Ursone, USA, (Ret.)
Brigadier General Earl Van Inwegen, USAF, (Ret.)
Brigadier General Terrence P. Woods, USAF, (Ret.)
Brigadier General Mitchell Zais, USA, (Ret.)
Brigadier General Allan Ralph Zenowitz, USA, (Ret.)
So, where is the rest of the media? 5 endorsements — or more than 350?
Update: Here is the ad running in the Washington Times today
Food Stamps Growth Soars; Jobs Stagnant
The Weekly Standard does a great analysis of the growth of food stamps in comparison to the growth of jobs during the Obama Administration. Using FNS, BLS and USDA data, they calculated that food stamp enrollment was 75 times faster than job creation. This visual puts it into perspective:
I have written on this trend before in the last few months; as unemployment has remained high, we recently passed the point where more people have been added to the dependency rolls than payrolls. This has a high impact on our crushing deficit and is directly attributable to Obama’s legacy. The article sums it up:
Welfare spending is projected to remain permanently elevated; for instance, at no point in the next 10 years will fewer than 1 in 9 Americans be on food stamps. In fact, the Administration has actively sought to boost food stamp spending and enrollment, including through a partnership with the Mexican government to advertise benefits to foreign nationals, as well as materials that teach outreach workers how to “overcome the word ‘No.’” USDA even goes so far as to argue that the program is “the most direct stimulus you can get.”
Overall, in the last four years, the United States’ gross federal debt has increased 53 percent, food stamp enrollment has increased 46 percent, and the number of employed persons has increased just 0.15 percent. This picture, however, is even more ominous than it looks. While only 194,000 net jobs have been created since 2009, the working age population has increased by approximately 5 million—almost 25 times that amount. In other words, a shrinking share of working age adults have or are even looking for a job. The real unemployment number (U-6), therefore, is 14.6 percent.
To put this month’s job creation in historical perspective, in October of 1984, 286,000 jobs were created—67 percent more—at a time when the U.S. working age population was 26 percent smaller than it is today.
Over time, these trends, if not reversed, spell economic disaster for the United States and its citizens.
Be sure to read the article in its entirety.