Lake Erie Conservative

thoughtful discussion(s) about issue(s)

Posts Tagged ‘Department of the Treasury’

… TIGTA has no Choice [#e – mail release]…

Posted by paulfromwloh on Thursday,September 8th,2016

.. the TIGTA [the Treasury Inspector General for Tax Administration] is in a really sticky wicket . There are documents responsive to a F.O.I.A. request , ones that were once thought lost from the hard drive and e – mail account of Lois Lerner . Well , they were indeed backed up , and then recovered ….

.. the media is really slow , and asleep at the switch . The LameStreamMedia is especially guilty of this . They really do not realize how thermonuclear that this extention of the IRSGate scandal really has become …

.. [h/t — WashingtonExaminer.com]..
.. [link] to the news item …

.. TIGTA has no choice . He is under a court order . He is going to have to produce those so -called ” responsive ” documents [which are e – mails] to the Federal Judge ….

.. then , the Judge can review them …

.. then , Katy Bar the door …

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… The Secret Service is doing What [#where it is located]…

Posted by paulfromwloh on Thursday,August 25th,2016

.. I was watching the O ‘ Reilly Factor the other night , and Bill was hot on the mounting Secret Service scandal regarding the President , the First Family , and its protection …

.. I have lost a great deal of respect for the guy . I still have some of it , though , and I highly doubt that I will lose it . Barack Obama is still my President , and his protection , and that of his family [as well as high government officials] is an important function of the U.S. Secret Service .

.. Ladies and Gentleman , you need to tend to your knitting . Quit screwing around with all of this political correct bull[bleep] . This sctuff does the agency and the country no good , not one bit of good at all ….

.. Also , I learned from Bill that , quite a few years ago , that the Secret Service as an agency was moved from the Department of the Treasury to the Department of Homeland Security . Why ? IN the D.H.S. , the U.S.S.S. is just a part of a bureaucracy . At Treasury , the Service is treated with the respect and the special nature that it deserves . Ergo , Congress needs to act …

.. Congress needs to thoroughly investigate this p.c. culture at this agency . This political correctness culture is going to get someone killed , possibly even a government official or even possibly a President . God in heaven help us if that were to happen . Also , confine the service to its law enforcement and person protection missions . Nothing else . I strongly suspect that other things are going on in the Secret Service that we in the public have not been told about or have not learned about . Take them out . Junk them . Get them out , for god ‘ s sake ….

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… A Profit on T.A.R.P. ?? [#net present value]…

Posted by paulfromwloh on Thursday,April 21st,2016

.. according the ObamaCrap Department of Treasury , yes …

.. basically , $442.5 billion – $426 billion disbursed = $15.5 billion profit ..

.. [h/t — m.NationalReview.com]..
.. [link] to the calculation …

.. unfortunately , there is not enough information for a proper calculation . You do that , in proper financial [and FASB accounting] terms by calculating the Net Present Value of the full transaction …

.. as a C.P.A. , I understand that implicitly …

.. considering that the ObamaCraps have virtually no private sector experience at all , their calculation is full of it …

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… Don’t Those Knuckleheads Ever Learn [#US Treasury][#tax inversion]…

Posted by paulfromwloh on Wednesday,April 6th,2016

.. it seems that Our country ‘ s Treasury Department is a glutton for punishment . Also , they want to be stuck in court with multiple court cases ..

.. So , what the fart is the big brawl all about with these ” tax inversions ?? ” …

.. simple , and for 2 reasons . One is our country ‘ s tax rate . Currently our’ s top tax rate for corporations is about 35.0% , which is the highest in the Western World . Having a rate that high is going to inspire many attempts to go to tax havens , and the use of tax dodges ..

.. [h/t — Reuteurs.com/business]..
.. [link] to the blog post news ..

.. the other is the way our country taxes corporations . Worldwide , companies are taxed generally one way . They only pay tax on the earnings on the income earned in that specific country . Our does it radically different . Our country taxes income on companies on a worldwide business basis . It just does not mean our nation alone , but in every other country on the planet ..

.. Treasury is trying to legislate by ” executive order ” or by regulation . Oops . Regulations may interpret and implement existing law . They may not act to write new law . That is Congress ‘ job ,folks ..

.. So , what happens ? The stuff get challenged in court , and by a company willing to take on the battle .most companies do not want the to spend the fuss or the tIme .But some do . Those are the ones that will benefit from the battle [and the expense]…

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