About Joe “Maserati” Manchin’s Yacht

Soft-pedaling journos who suck up to their subjects (the folks about whom they regularly write), have changed their tone on Joe “Maserati” Manchin III’s yacht, and have taken to calling it a “houseboat.”

That’s just wrong — just plain wrong — on so many levels, and you’re about to understand why.

First, some websites assert that the term “yacht” is superfluous, or supererogatory, that the term is ambiguous, and open to interpretation.

WV Senator Joe “Maserati” Manchin III on his yacht “Almost Heaven” speaks to protesters in kayaks below. The vessel’s name, and its hailing port (home port) are clearly visible.

I demur.

That is most certainly NOT the case.

The United States Coast Guard establishes guidelines for vessels, which are Federal laws and regulations that vessel owners MUST follow, one of which is that if a vessel exceeds a certain length from stem to stern (front to back) it must be registered with the USCG. As well, there is an organization — the National Marine Manufacturers Association (NMMA) — that similarly ranks and characterizes vessels, which establishes standards for vessel construction, as well as the standards set by the American Boats & Yacht Council (ABYC).

If a vessel is longer than 26 feet, it MUST be registered with the United States Coast Guard. That is the law. If under 26 feet long, it may, or may not, be required to registered with the USCG, depending on the state or locality of the owner’s residence (home port). In almost every state, boats under 26 feet in length must bear a registration number on the exterior of the hull, typically toward the bow, whereas with USCG-registered vessels, a vessel’s name and hailing port must be marked together on some clearly visible exterior part of the hull. A “hailing port” is the location from which the vessel is typically harbored (parked). In the case of Joe “Maserati” Manchin’s yacht, it’s named “Almost Heaven,” and is from Charleston, WV. When the yacht was previously named “JENNIFER ANNE,” its Hailing Port was ANNAPOLIS, MD.

“Almost Heaven” was formerly owned David and Jennifer DeLancey, who then named the vessel “Jennifer Ann.” An article about the Jennifer Ann was written by Ken Ringle, April 25, 2004 and published in the Washington Post, which described the vessel.

“Today the DeLanceys live afloat on the Jennifer Ann. You could call it a houseboat, but that would be like calling Air Force One a plane. Within the sunny, air-conditioned confines of the custom-built, 65-by-20-foot, three-story steel hull, David has packaged more space and amenities than most apartments and condominiums, and many houses. The 1,500 square feet of interior living space embrace 3 1/2 bedrooms (including a 14-by-20-foot master suite), 3 1/2 bathrooms, and a bright and open living/dining area (complete with a granite dining table) where the DeLanceys have comfortably entertained as many as 50 people to

Elon Musk, Paul Ryan, and Bernie Marcus walk into a bar…

Headlines…

Home Depot Co-Founder Bernie Marcus on President Biden: “What the hell does he know about economics?”
by Brian Sozzi, Anchor, Editor-at-Large
Friday, October 14, 2022 at 12:11 PM

Paul Ryan Makes Bold Prediction About Trump And MAGA Lovers Won’t Like It
by Ron Dicker
Friday, October 14, 2022 at 7:14 AM

Musk: I can’t keep paying for Ukraine’s internet
Reuters News Agency
Friday, October 14, 2022 at 10:03 AM

Journalism these days has sunk to new lows.

Much of what passes for “news” these days very well could have been ripped from

Republicans: “THE SKY IS FALLING!! THE SKY IS FALLING!!”

Spendthrift Democrats ignore looming bankruptcy of Social Security and Medicare
By Liz Peek, Opinion Contributor — 09/04/21 03:00 PM EDT
Liz Peek is a Fox News contributor, conservative commentator, former partner of the now-defunct major bracket Wall Street investment banking firm Wertheim & Company, who worked as a oil industry research analyst on Wall Street over 20 years.

https://thehill.com/opinion/finance/570809-spendthrift-democrats-ignore-looming-bankruptcy-of-social-security-and

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Liz Peek’s “bash piece” is purely tripe.

Let’s take it line-by-line — all my remarks are highlighted in GREEN and some are emboldened.

Here’s her opening line:

Are Democrats serious about confronting the impending collapse of Social Security and Medicare? It sure doesn’t seem so.

WOLF! WOLF! WOLF! Remember the Aesop’s fable of “The Boy who Cried ‘WOLF!'”?

Next line:

Instead of focusing on the looming bankruptcy of these programs, Democrats are pushing to spend $4-$5 trillion on a progressive wish-list of expensive new federal giveaways. Perhaps they believe that promising voters free college, free child care, free elder care and so much more will distract them from realizing that our most important safety nets are falling into disrepair.

“Federal giveaways,” she writes. You mean like TAX CUTS FOR THE WEALTHY & THEIR CORPORATIONS? That’s CORPORATE WELFARE. And we mustn’t forget Jeff Bezos who paid NO INCOME TAX, nor did his MEGA CORPORATION AMAZON. And then, there’s the “Paris Hilton Tax Cuts,” which DOES NOT TAX inheritance… even though it’s like winning the lottery. They did NOTHING TO EARN IT. And that’s just a drop in the bucket.

Next line.

Moreover, President Biden and congressional Democrats want to significantly hike taxes to pay for shiny new entitlements. But taxpayers are already facing big hits just to maintain the ones we already have.

Refer to the preceding paragraph about income tax rates for individuals, and corporations, and those who do NOT pay income taxes — the wealthy. They DO NOT see the paying of taxes, including income taxes, as being a patriotic duty. And yet, it is. During the 2-term Republican administration of President Dwight David Eisenhower, income tax rates upon the wealthiest Americans was 90%+, and upon corporations was 50%+. AND DURING HIS ADMINISTRATION, OUR NATION GREW LIKE GANGBUSTERS. Some complain about “tax and spend.” And yet, that is EXACTLY how it works. And the spending goes RIGHT BACK INTO THE PRIVATE SECTOR, which is where it originated. Presently, in 2021, the highest personal income tax rate is 37%, while the highest corporate income tax rate is 21%.

Next couple of paragraphs.

This week, the trustees of the Social Security and Medicare programs released their annual reports; the news is not good.

The bottom line: Both funds are running out of money, faster than expected. Both Medicare and Social Security will need to be propped up, the sooner the better. Specifically:

• • Medicare’s Part A Hospital Insurance trust fund will go broke in five years; outlays are projected to exceed income by nearly $600 billion over the next 10 years. Over the longer term, we would need a 27 percent increase in the payroll tax or a 16 percent spending cut to keep the program running.

• • Gross spending on Medicare will increase from 4.1 percent of our entire economy this year to more than 6 percent over the next 20 years.

• • Social Security will become insolvent in 13 years. Under current law, the administration cannot guarantee full benefits to today’s retirees.

• • The trustees’ report says that Social Security will run cash deficits of $2.4 trillion over the next 10 years, equal to 2.3 percent of total taxable payrolls.

• • Social Security is estimated to post a cash-flow deficit of $147 billion this year, equal to almost 0.7 percent of GDP

The date of projected insolvency for these entitlements moved closer over the past year; the proposed remedies from the Committee for a Responsible Federal Budget (CRFB) become more draconian as time goes on.

The link provided by the author, Liz Peek, was NOT to an official United States Government website. It was to a group calling themselves “Committee for a Responsible Federal Budget.” And even that group DID NOT present a link to official sources. Yeah… that sounds about right. Find someone who’ll agree with you on everything you say, and present that echo chamber as reality.

Here’s the “2021 ANNUAL REPORT OF THE BOARDS OF TRUSTEES OF THE FEDERAL HOSPITAL INSURANCE AND FEDERAL SUPPLEMENTARY MEDICAL INSURANCE TRUST FUNDS“:
https://www.cms.gov/files/document/2021-medicare-trustees-report.pdf

Here’s the Social Security Administration’s “SUMMARY OF THE 2021 ANNUAL REPORTS“:
https://www.ssa.gov/OACT/TRSUM/index.html

Here’s the “Fact Sheet: 2021 Social Security and Medicare Trustees Reports” from the United States Treasury:
https://home.treasury.gov/system/files/136/Fact-Sheet-2021-Social-Security-and-Medicare-Trustees-Reports.pdf

Here’s the Social Security Administration’s “Social Security 2021 Trustees Report.”

A Taxing Proposition

“Taxes are what we pay for civilized society, including the chance to insure.

A penalty, on the other hand, is intended altogether to prevent the thing punished.”

–– U.S. Supreme Court Justice Oliver Wendell Holmes, Jr., dissenting opinion, “Compañía General de Tabacos de Filipinas v. Collector of Internal Revenue,” 275 U.S. 87, October term 1927, p100

On that court were Chief Justice William Howard Taft; Associate Justices Oliver Wendell Holmes, Jr.; Willis Van Devanter; James C. McReynolds; Louis Brandeis; George Sutherland; Pierce Butler; Edward T. Sanford, and; Harlan F. Stone.

Holmes, Brandeis, and Taft are the only names many remember from that group.

Then-POTUS Warren G. Harding, a Republican, nominated Taft, also a Republican, to become Chief Justice (1921–1930) following the death of CJ Edward Douglass White, a Democrat, whom Taft had appointed as CJ in December 1910, while Taft was serving as President (1909–1913). Taft is, to-date, the only individual to have ever served in both positions – President, and SCOTUS Chief Justice.

But, here are a couple interesting facts:

1.) From July 4, 1901 until December 23, 1903, Taft was Governor-General of the Philippines, having been appointed by POTUS William McKinley. Having held that office previously, he should have recused himself from the 1927 case “Compañía General de Tabacos de Filipinas v. Collector of Internal Revenue.” But, he did not.

2.) Edward Douglass White served in the Confederate Army during the Civil War, was a strident segregationist, and upheld racist laws which came before the court, including the notorious Plessy v. Ferguson case which gave rise to the “separate but equal” doctrine, and reinforced racist practices in the United States.

Today, such obvious conflicts of interest would not be tolerated. And I note this with a mark of appreciation: Justice Brett Kavanaugh recently recused himself (did not participate in) from a recent case before the court, because his father held some stock in one company being represented to the court.

Technically, “involvement” at that level exclusively doesn’t violate ethics rules, but having erred on the side of caution – exercised jurisprudential reservation – is commendable. That is because it demonstrates

After appointed as Georgia Senator, Kelly Loeffler bought a $10M jet to fly back & forth from GA & DC?

Yes, that’s 100% TRUE.

She used Trump’s 2017 tax cuts “loophole” to purchase a 2010 Bombardier Challenger 300 and claims she uses it for campaign travel.

While it’s unclear exactly how much she paid for the jet, which seats 8 passengers and can travel 3000 nautical miles, essentially coast-to-coast on one fill-up, an online listing of other such jets for the same year, make, and model, in an online listing shows $9.7 million to be an average asking price.

Kelly Loeffler’s Bombardier jet N830EC

Trump’s tax cuts essentially made private jets flying tax shelters for the wealthy. Under his changes, the entire purchase price of a new or used aircraft bought by a company can be a 100% tax deductible write-off against its earnings.

What the multi-millionairess did, was to create an “ownership trust” which is a company that owns the plane, rather than herself personally. By so doing, it offers some degree of anonymity by giving it the appearance of isolation from the individuals whom actually control it. Essentially, it’s a type of “shell company” set up exclusively for the purpose of ownership, and nothing else. It’s greatest single benefit? It helps avoid taxes.

Shell companies, while not illegal, per se, and can have legitimate uses, often deliberately “fly under the radar” to avoid payment of taxes, or for money laundering purposes, and are registered in the names of the attorneys or accountants who manage them, thus avoiding any readily identifiable connection with the person who truly owns it or benefits from it. Most often, shell companies are incorporated in nations with tax laws favorable to them, aka “tax havens,” which by law do not have to report income such as in Cayman Islands, Seychelles, Panama, Switzerland, Hong Kong and Belize, or other island or “offshore” nations.

The so-called “Panama Papers,” also sometimes called the “Mossack Fonseca papers” for the name of the obscure Panamanian law firm from which they were obtained, is a collection of well over 11.5 million documents identifying 214,488 entities and shell corporations, their owners, lawyers, and the often-illegal network established to manage them, which were made public in 2016.

Each aircraft has a registration number, often called a “tail number,” which is like an automobile license plate, or VIN, because it identifies an aircraft uniquely from among all other aircraft, under a system managed by the Federal Aviation Administration, and used in other nations. But unlike cars’ license plates which require regular periodic renewal (license plates essentially prove a tax has been paid), the tail number stays with the aircraft permanently, and is never reassigned to any other aircraft. So when a plane is sold, retired, or crashes, the number always accompanies the craft to identify it, regardless of its disposition.

N830EC, Kelly Loeffler’s Bombardier model BD-100-1A10 jet

There are some limitations on registration of aircraft in the United States to foreign individuals and/or corporations, however, which is to say, that unlike ocean-going vessels such as cruise ships, or cargo ships, under United States law, aircraft which are either majority or fully owned by foreign individuals or interests cannot be registered in the United States to be assigned a “N number,” aka “tail number.” An overview of the requirements and limitations can be found on the Federal Aviation Administration’s website here: https://www.faa.gov/licenses_certificates/aircraft_certification/aircraft_registry/register_aircraft/.

The U.S. Securities and Exchange Commission requires shell companies to register with them, and Loeffler’s aircraft – N830EC (FAA registry page here: https://registry.faa.gov/AircraftInquiry/Search/NNumberResult?nNumberTxt=830EC) – is registered to

Even MORE Famous Last Words

“You all just got a lot richer.”

– POTUS Donald Trump, to friends Friday night, December 22, 2017 at his Mar-a-Lago club in Palm Beach, FL, after signing his tax cut bill, the Tax Cuts and Jobs Act of 2017 (P.L. 115-97)

In response, Vermont Senator Bernie Sanders Tweeted that “At least Trump is finally telling the truth about his tax bill.”

At least Trump is finally telling the truth about his tax bill. https://t.co/pEwx0DvRiq

— Bernie Sanders (@SenSanders) December 24, 2017

The Congressional Research Service, a non-partisan, objective investigative branch of Congress, reported that the Trump tax cuts did not benefit the average American worker. Only $28

Citizens United Ruling Violates Equal Protection Clause

Nick Hanauer, a multi-billionaire about whom few have likely heard, authored a highly publicized article not too long ago warning about wealth inequity. Increasingly, the wealthy are realizing that a strategy of cutting taxes upon the wealthy and their corporations is not a recipe for American success, precisely for the reason that it adversely affects economic infrastructure, and jobs, among other damages.

However, one needn’t be wealthy to realize and understand that money, and the unreasonable desire for it known as avarice (an extreme form of greed), and the unwieldy power that accompanies it, are corrupting influences in any nation, and particularly in our United States because of SCOTUS ruling in the 2010 Citizens United v Federal Election Commission decision which

Build The Wall: A Simple How-To Primer

On June 16, 2015, when Donald Trump announced his candidacy for United States President, he said in part, “I would build a great wall, and nobody builds walls better than me, believe me, and I’ll build them very inexpensively. I will build a great, great wall on our southern border. And I will have Mexico pay for that wall.”

Trump has estimated construction costs could range from $8-12 Billion, that it should be be made of precast concrete, rise 35 to 40 feet, or 50 feet, or higher, and that it doesn’t need to span the entire distance of the border, but only half because of natural barriers.

Accurate official Cost Estimates to build The Wall are sketchy, and a 2009 report by the Congressional Research Service  found that the challenges include “costs versus benefits, location, design, environmental impact, potential diplomatic ramifications, and the costs of acquiring the land needed for construction.”

Projected costs vary widely, and the report stated that:

The Corps of Engineers study predicted that the costs of constructing a double layer fence consisting of primary fencing and Sandia fencing would range from $1.2 million to $1.3 million a mile, excluding the costs of land acquisition. The Corps of Engineers also predicted that the 25-year life cycle cost of the fence would range from $16.4 million to $70 million per mile depending on the amount of damage sustained by the fencing.

The Congressional Budget Office (CBO) has estimated that border fencing would cost $3 million a mile to construct and that maintenance would total roughly 15% of the overall project costs per year.

According to the Government Accountability Office (GAO), the border fencing constructed by the end of FY2007 (using mostly the Corps of Engineers and the National Guard to construct the fencing) cost about $2.8 million a mile. The fencing constructed in FY2008, using mostly private constructors, cost about $5.1 million a mile.

In “Testimony Before the Subcommittee on Border and Maritime Security, Committee on Homeland Security, House of Representatives” entitled “SOUTHWEST BORDER SECURITY: Additional Actions Needed to Assess Resource Deployment and Progress; Statement of Rebecca Gambler, Director, Homeland Security and Justice” published Tuesday, March 1, 2016, the U.S. Government Accountability Office stated that:

“In addition, with regard to fencing and other tactical infrastructure, CBP reported that from fiscal year 2005 through May 2015, the total miles of vehicle and pedestrian fencing along the nearly 2,000-mile U.S.-Mexico border increased from approximately 120 miles to 652 miles. With the completion of the new fencing and other tactical infrastructure, DHS is now responsible for maintaining this infrastructure including repairing breached sections of fencing.”

See also: Highlights of GAO-16-465T, a testimony before the Subcommittee on Border and Maritime Security, Committee on Homeland Security, House of Representatives.

And make no mistake, Public Law 109–367 enacted by the 109th Congress, also known as the “Secure Fence Act of 2006” requires that “the Secretary of Homeland Security shall provide for least 2 layers of reinforced fencing, the installation of additional physical barriers, roads, lighting, cameras, and sensors…” at specified locations. But in typical Congressional fashion, the law was changed in 2008, and the fence requirements contained in the Consolidated Appropriations Act of 2008, still mandates the construction of a fence covering “not less than 700 miles” of the border, but eliminated the requirement that the fence be double-layered. According to “Remarks by Secretary of Homeland Security Jeh Johnson: “Border Security in the 21st Century” – As Delivered,” “in Fiscal Year 2000 we had 10 miles of secondary fence along the southwest border; today we have 36.3 miles of secondary fence.”

Citing a U.S./Mexico Trade Deficit of $50 Billion in 2014, and a $54 Billion Trade Deficit for the first 11 months of 2015, Trump has proposed reinstating tariffs on Mexican goods in violation of the North American Free Trade Agreement.

Trump said, “When they say Mexico can’t pay for the wall, I say of course they can. We have a trade deficit with Mexico that’s unbelievably big. … It’s billions and billions of dollars — far more than what we’re talking about for the wall.”

His claim that “I will have Mexico pay for that wall,” would ostensibly be done by reinstating tariffs, otherwise known as “taxes” on goods “Hecho en Mexico.”

However, there is another potential manner in which he could “have Mexico pay for that wall,” which would be to

The U.S. Economy In 6 Simple Pictures

Picture #1:

It’s fairly explanatory. American corporations are making profits hand over fist. They’re making more profit now, than before the “Great Recession.” In fact, they’re making more than DOUBLE from their lowest during that time.

Corporate Profits After Tax

 

 

 

 

 

 

 

 

 

 

 

 

Alabama Legislature OK’d tax money for private schools. Now Governor Bentley backpedals.

The Texas State Legislature doesn’t think public tax dollar$ should go to private schools.

But Alabama’s State Legislature just OK’d & Governor Bentley signed the Alabama Accountability Act of 2013 (HB 84), aka the School Flexibility Bill, aka the Private School Voucher Act.

http://educationblog.dallasnews.com/2013/04/house-votes-to-bar-state-funding-for-private-school-vouchers.html/

Guess what? Mitt Romney STILL pays a lower tax rate than you… you 47% slob.

You sleazebag, free-loading, dirtbag, entitlement-minded, mamby-pamby, wussified, two-bit, grifter…

No, not you, dear reader.

Mitt Romney.
—

Romney paid $1.9 million in 2011 taxes

Washington Post

Published 11:13 p.m., Friday, September 21, 2012, By Philip Rucker, Jia Lynn Yang and Steven Mufson

Mitt Romney paid $1.9 million in taxes on $13.69 million in income in 2011, most of it from his investments, for an effective rate of 14.1 percent, according to hundreds of pages he released Friday in a move to quiet political controversy over his personal finances.

Wall Street Crap Shoot – h (Photo credit: SouthernBreeze)

The Republican presidential nominee could have paid less in taxes, but he engineered his 2011 returns to

Do you trust this man? Can you trust this man?

The Secret Service endeavors to protect presidential candidates from physical harm by attacks upon him from those whom would seek their harm.

However, there is one death the Secret Service cannot prevent – political suicide.

NBC had the “Not Ready for Prime Time Players.”

The GOP has a “Not Ready to be President” candidate in Mitt Romney.

“After the assassination of

Multimilionaire draws welfare check, disability and food stamps

Here’s your “welfare queen,” America.

Feds: Seattle welfare recipient lives in million dollar home

by CHRIS INGALLS / KING 5 News

NWCN.com

Posted on December 2, 2011 at 7:04 PM

SEATTLE — She lives in a beautiful waterfront home on Seattle’s Lake Washington. Yet, she’s on welfare assistance.

This week federal agents moved in to put a stop to it. They raided her south Lake Washington home armed with a search warrant.

KING 5 News is not naming the woman or her husband because they have not been criminally charged.

Search warrant documents unsealed Friday in federal court reveal that she received more than $1,200 a month in public housing vouchers, plus monthly cash from the federal and state government for a disability, as well as food stamps.

Property records show the woman lives in a 2,500 square-foot home, with

Tom Coburn: End welfare for the wealthy

Congress, it has been recently noted, has the lowest approval rating since record-keeping of that type has begun. In fact, it was noted with significantly ironic disdain, that more Americans favor the United States becoming a Communist nation than approve of Congress. Disapproval of congressional action – or inaction – has been duly noted by all members of congress, house and senate.

Regular readers of this blog will recognize that I have excoriated Republicans and their presidential nominee wannabes for numerous reasons, not the least of which is their blind obedience to their corporate masters – which in essence, makes them high-powered prostitutes – whores, if you prefer – and for the greatest part towed the line refusal to modify or raise – even slightly – of the rich, which has been the proposal of “some random person,” otherwise known as Grover Norquist. The reader may be interested to know that Mr. Norquist was “promoter of the “Taxpayer Protection Pledge” which was signed by 95% of all Republican Congressmen and all but one of the 2012 Republican presidential candidates – in which the signer promises to never, under any circumstances, support an increase in taxes.” That pdf document may be downloaded here.

Human nature what it is, many will be loyal to those whom sign their paychecks, particularly when powerful strings are attached to those checks.

And yet, while we respect loyalty, we also honor those whom stand upon principle, and whom are motivated and guided by selflessness and a genuine desire to help others – with liberty and justice for all – not just an elite cadre.

In that sense – especially in this Op-Ed – Senator Tom Coburn, R-OK, seems to be the voice of reason in the GOP. The reader may also be interested to note that Sen. Coburn was a signatory to that random lobbyist promulgated document. The lobbyist being none other than the Born-with-a-silver spoon-in-his-mouth-Harvard-educated Grover, whom federally-convicted felon-lobbyist Jack Abramoff also fingered in his recent tell-all. It is interesting to note that Sen. Coburn has chosen the high road.

End welfare for the wealthy

By Tom Coburn, Special to CNN

updated 2:10 PM EST, Thu December 1, 2011

(CNN) — The debate in Congress this week about whether to pay for extending the payroll tax cut by imposing a new tax on millionaires will have nothing to do with solving our nation’s economic challenges and everything to do with election-year politics. Senate Democratic leaders have already signaled they will use the debate as a purely partisan exercise designed to embarrass Republicans into opposing tax cuts for the poor while defending tax cuts for the rich.

I intend to offer an alternative. Instead of punishing the rich with higher taxes, I will give Congress the option of helping pay for extending the payroll tax cut by ending welfare to the wealthy.

Occupy Wall Street

The MainStream Media CANNOT ignore this!

What is Occupy Wall Street?

Twitter hash tag: #OccupyWallStreet

OccupyWallStreet.org

If you’re tired of the lies, the deception, the failed mortgages, bail-outs, TARP, jobs shipped overseas, inferior imported goods,

Benny Hinn’s wife files for Divorce. Be HEALED! (Please pay as the bucket is passed.)

The wife of high-profile televangelist Binny Hinn filed for divorce February 1, 2010 in the Superior Court of Orange County, CA citing “irreconcilable differences.”

Suzanne Hinn, whom has been married since 1979, has retained Sorrell Trope to represent her interests, and stated in the filing that