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Saturday, May 14, 2011

Bin Laden's Big Love didn't work out maybe?

Usama/Osama bin Laden's five wives were not quite enough.

WASHINGTON (Reuters) - A stash of pornography was found in the hideout of Osama bin Laden by the U.S. commandos who killed him, current and former U.S. officials said Friday.

The pornography recovered in bin Laden's compound in Abbottabad, Pakistan, consists of modern, electronically recorded video and is fairly extensive, according to the officials, who discussed the discovery with Reuters on condition of anonymity.

Just sayin'.


On Thursday, Sen. Chuck Schumer threw some oil execs on the barbie with his demands to remove "taxpayer subsidies" from "Big Oil". What in the world does that mean? Oil Execs are Washington's favorite menu item when gas prices go up. Grilling them makes for good PR, 'cos the senators are seen as looking out for the Littul People. Screaming about tax breaks for oil companies is great fun, and not listening to the oil company heads' answers is a laff riot.

One of them, in a clearly self-serving move, repeatedly said "we get no subsidies".

Turns out using real-world language, this is true.

In the U.S., companies are taxed 35 percent on earnings of $10 million to $15 million or on all earnings over $18.3 million. That’s one of the highest corporate tax rates in the world... (FactCheck.org)

Companies that operate overseas pay no taxes on money earned overseas, if that money STAYS overseas. This includes, but is not limited to, oil companies. The "tax breaks" in 2005's H.R.6 actually wound up raising oil company tax bills.

So what could Chuckles Schumer possibly mean by "taxpayer subsidies". Ah have had a rev-uh-LAY-shun!

Taxpayer subsidies mean any money a business is allowed to keep beyond current tax liabilities. In the Wonderland of Washington-speak, all money that business makes should be Washington's, and it is by the sufferance of the taxpayers, by their "taxpayer subsidies" that any business is allowed to keep a portion if their "obscene profits" at all, and that grudgingly.

To our brave leaders-from-behind, the rubric is: "all your cash are belong to us.".

1 comment:

Galt-in-Da-Box said...

I wonder, as blatant and brazen as the left is getting, when their BOOTLICKERS at ABCNNBCBS will start ranting about "decadent capitalist imperialist greed and selfishness"?