Today on IBD

Here's a link to a great editorial on Investor's Business Daily that talks about the defense implications of not being able to exploit our own energy resources. The enviro-wingnuts and their 'every lichen is sacred mindset' has put us at great risk and continues to put us at the whim of oil-rich countries that are increasingly run by leftist dictators or radical Islamists. This article is a very good read.

Tax Breaks for the Rich?

This is taken from data for calendar year 2003 released in October 2005 from the IRS and is the most recent data available.

The top 1% are the individuals/couples who earned $295,495 and up. The top 1% of wage earners paid 34.27% of all income taxes, up from 33.71% in 2002. This is with an actual tax rate reduction from 27.25% to 24.31%.

The top 50% are the individuals/couples who earned $29,019 and up. The 96.54% share is up from 96.5% in 2002.

The bottom 50% pay 3.46% of all income taxes. These are the people that the Democrats feel deserve the tax-cuts the most. How much can you cut 3.46%?

Its the Economy Stupid Redux

Ahead of the President's State of the Union address I thought some more good news about the economy was in order. I'm sure that the President will mention some of these economic statistics tomorrow night and I thought it would be nice if it wasn't the first time that you heard about them. Lord knows that the MSM isn't putting this info out there. All of these stats and more are easily found at the Bureau of Economic Analysis and the Bureau of Labor Statistics.
Unemployment now stands at a three decade low of 4.9%.
Personal income rose 0.4% in December with wages and salaries, the largest component, growing by 0.3%.
Real disposable income, which is the amount of personal income available for spending/saving, rose 0.4% in December which followed an increase of 0.8% in November.
Average hourly earnings rose to a record $16.34 in December.
Productivity data from the 3rd qtr., which is the most recent available, was revised upward to 5.4% in the business sector and 4.7% in the nonfarm business sector. Remember that productivity is measured by output per hour of all persons.
Consumer Price Index has decreased by 0.6% in November and 0.1% in December.
These are but a few positive economic indicators that point to our economy being strong and robust with continued upward mobility.

Not Such a Bad Year After All

Here is a link to a good article from earlier this month on gulfnews.com. I've been saying all along that, despite what you hear from the leftists and their propagandists in theMSM, we are witnessing significant historical changes for the betterment of the whole world. This article by an Iranian author hits on some of the major highlights of 2005 and should be required reading for any and all doom and gloomers that you know.

Collect the dots

Here's a video that the White House should use as their commercial for why the NSA wiretapping of suspected terrorists should continue.

Go PSU!!!

Dear Lord,

The Penn State Nittany Lions are about to take the field in the Orange Bowl. Please Lord Guide and protect them in their endeavors. Please continue to bless JOEPA and give him the wisdom to lead his team to a victory. Please Lord guide Michael Robinson, bless his arm and make his passes true and please bless his legs with speed and agility. Please make the offensive line an impenetrable wall and give them the power to open big holes in the FSU defense. Please make the Lion's defense strong and stout and remind the world why Penn State is 'Linebacker U.' Please Lord help the Lions beat their opponents and bring pride to Pennsylvania.

Amen