IRS Music

Can we get the music changed at the IRS
I can't stand listening to Tychovski ( I think that's what it is)
Over and Over.

My Preference would be an option que
"Please Press;"
1. Liberal Radio of the Day
2. Conservative Radio of the Day
3. Easy Listening
4. Rock
5. Rap
6. Classical
7. Jazz
8. Meditative instructions (Our Recommendation)

The Publics need for a Line Item Veto

The Earmarks are coming, The Earmarks are coming!

I sympathise with anyone in congress or the senate that really cares about
this county.
I can not tell who they are, The earmarks that GOP candidates are ranting on
are less than 5% of the total.
But Why are they in there in the first place.
It has become the Job of Every Senator and Congressman to "Bring Home the
Bacon"
How did the Govenor of minnesota put it.
"With billions of federal spending on the board, Minnesota needs two
senators to represent our needs fairly"

The way we right spending bills is all wrong.
I believe that we should put the money in defined buckets and let programs
apply for the money by meeting the criteria.

Here are some examples;
1. [40%] A Special Loan product through Fannie May for converting ARMS
to Fixed.
Criteria;
a. Borrower must have sufficient income to qualify for the fixed loan
rate.
b. Borrower can not Qualify for the Loan as it was issued or Exists.
c. Borrower can not have incurred new debt within 6 months.
2. [25%] Infrastructure development
Criteria;
a. State and City planned and funded with at least 50% of the project.
b. Ecologicaly Friendly
3. [25%] Eco Clean up Existing unfunded superfund sites
4. [10%] Scientific Research grants for
a. 100% Clean Automobiles (Already Existing Technologies)
b. Efficient Solar farming in Death Valley
c.

-Randy Pitkin

Federal spending Solution

Federal spending to get out of this mess is like having a Nine Inch nail
impaled in your ear and swallowing an entire bottle of aspirin.

. It helps for a while

. the nail is still there

. and now you have a ulcer

Financial Crisis, Whose to blame? From an ex loan officer

There is one person, probably an employee of Fannie May or Freddie Mac, who
approved a change in qualifying borrowers for ARM home loans.
First a Quick Primer An ARM (Adjustable Rate Mortgage) is a loan where the
interest rate is tied to the economy with an index. So in bad times you
might pay 7% and when the economy is booming you might pay 11%.
This sounds innocent enough, but too sell people on ARM loans lenders offer
an introductory rate below the actual rate of the loan. So a 6% ARM might
have a 4% rate for the first 6 months payment. Then the index kicks in with
a 2% cap on raises and a 6% overall. Sounds small write, I can make that,
Right!
For a loan of $250,000 your payments are;
First 6 months (4%) $1193.54 / Month (Less than renting)
Second 6 months (6%) 1498.88 (Fine for most double income families)
Third Six months (8%) 1834.41 (Crunch time)
Fourth adjustment (10%) $2193.93 (My god !!)
And the final (12%) $2571.53 (the Homeless)

Now no one in the right mind stays in an arm as interest rates rise. You can
see that the cost of a Loan $2000 - $4000 would be recovered quickly in a
Fixed at $1748.04
In the past to get a loan you have to qualify for the loan. Your income and
liabilities are checked to evaluate your ability to pay the loan.
Traditionally the loan payment had to be less than 39% of your monthly gross
income and with taxes and insurance less than 33% of your net. (Includes
credit cards and car loans, alimony, etc ...)
The change was that traditionally you had to qualify at the 6 month rate for
an arm loan, but they started accepting borrowers qualified at the
introductory rate.
These people should never have gotten a loan. And the big guys Like AIG et
al should never have bought the loans.

This is all the Insanely greedy, frustrated by not making their insanely
gross profits on the backs of the ignorant. Stop giving the Banks money!!
Buy the houses from the Defaulters and then sell them to people who can
qualify for the loans.

corporations and elections

I realized that the ability of corporations to make political donations is
part of the balance of power that makes this country great. remember that
while Corps can donate money, they do not get a vote. They affect the number
and type of candidates that you see, and can vote for. But they are
ultimately at the whim of the voter.
This allows companies to keep elected officials, that promote commerce which
is where all our prosperity comes from.
Many Liberals say that we can do better, Free healthcare, etc...
These all cost money, and we feel like we have money because we are
profitable and allow corporations to function like they do.
Even the most despicable dictators (Genghis Kahn, Alexander, the Romans)
knew that ultimately their power resided in the tolerance of the people.