Who Will the Military Vote For?

The military is our first line of defense, the heroes that keep us safe and make freedom possible.  It is sensible to ask who they support in the Presidential election.  Given the difficulties of the war on terror I keep seeing on the media, I’d expect that our military would be demoralized and be ready to cut and run, right?

Apparently not.  Active military personnel support John McCain 67%  to 24%.  When asked who would better handle Iraq and Afghanistan, McCain wins 74% to 19%.  McCain wins handling military benefits 73% to 18%.  Handling Defense Department issues, it’s McCain 77% to 15%.  Oddly enough, the military also believes that McCain can handle the economy and other domestic issues better, 53% to 33%.

Who is better to speak on who is best to lead the military than those who are in it?  With such a clear voice for McCain, there is no doubt he is the best candidate to make the correct military decisions.

Detailed poll info available from MilitaryTimes.

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Posted under Election

Written by admin on October 22, 2008

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Democrats Considering Eliminating 401(k) Tax Breaks

George Miller (D-CA) and Jim McDermott (D-WA) are taking advantage of the public’s fear from the current bear market. They are looking at eliminating the 401(k) tax breaks, about $80 billion, and redirecting it to another mandatory government-run retirement system. The current tax policies empower employers to provide 401(k) matching programs, elimination of this tax break will result in the elimination of these matching programs.

This is a clear case of using the short-term fall of the stock market to take more power from individuals and put it into the hands of the Government.  The Democrats are set to take control of both the House and Senate, so this is likely a real possibility in the next session.

The proposed plan would provide a $600 annual inflation-adjusted subsidy from the Government.  Workers would also be required to invest 5% of their pay into a guaranteed retirement account that the Social Security Administration would run.  That money would be invested in government bonds that would yield 3% a year.

The stock market has never lost money in any 10-year period.  In fact, 15-year returns have always been between 18.8% and 4.3% (that’s higher than the 3% the Government wants to give).  Now, throw in that companies average 3% of their payroll into matching 401(k) plans (typical is $.50 on $1.00 on the first 6% of employee pay).  Without even taking stock market returns into account, a 5% contribution into the average 401(k) plan yields 50%.  That’s not even a close comparison to the proposal for a Government-run proposal for a 3% yield, even with the $600 subsidy. 

There is no sense at all in this.  Why do some of our representatives think that Government can do things better than individuals, regardless of the facts that stare them in the face?  The timing couldn’t be worse for this.  People are frightened with the market down and some are utilizing fear politics to move towards a policy that would clearly hurt everyone.  What ever happened to our representatives working for us instead of for the Government?

Source articles here and here.

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Posted under Economy

Written by admin on October 22, 2008

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Could Murtha Lose Seat in Pennsylvania?

Murtha is really trying his best to dig a hole for himself in Pennsylvania.  The only recent polling info I’ve been able to find is mentioned on NRO, although it is just a source near the Russell campaign.  It says that Russell was down 14 points prior to the racist and redneck comments.  According to NRO, even with the 14 point lead, Murtha still was not at 50% support.  Even worse for Murtha, 40% said they were ready for a change and only 24% had any awareness of the Russell campaign. 

527 groups are sensing potential weakness and have opened up with campaign ads to assist Russell.  Murtha has had a string of questionable comments such as accusing Marines of killing Iraqi civilians in cold blood.  Russell, a retired Army Lieutenant Colonel with 28 years of service, is sure to have passion against such comments.

Are the people of Pennsylvania finally tired of the reckless statements Murtha has been making?

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Posted under Election

Written by admin on October 21, 2008

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Barney Frank Supporting Deficit Spending and Soaking Rich

And now Barney Frank jumps on the bandwagon of creating the next Great Society.  He believes that the Government can solve our economic woes by spending even more than it already does.  According to him, worries about deficit spending should take a back seat and that we can tax the rich later to pay for it.

Taxes are already way too high.  Wages, benefits and jobs will be cut if taxes are raised on those who are providing those jobs.  Cost of living increases follow as prices on products rise to compensate the higher taxes.  In the end it is the lower and middle class who lose out.

It is time to stop pointing fingers at the rich.  It’s time to stop trying to make the rich poorer to make the poor think they are richer.  That certainly shouldn’t be the Government’s job!  We should be trying to better ourselves and find our own successes.  Class envy won’t get anyone anywhere.  Barney Frank might not want to admit it, but taxing the rich will only hurt the entire country.

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Posted under Economy

Written by admin on October 21, 2008

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Video of Murtha Calling Western PA Redneck

I found a youtube video of Murtha’s wonderful comments about his constituents. Enjoy!

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Posted under Stupidity

Written by admin on October 21, 2008

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