Free Republic

https://sermonaudio.com/solo/tcbc/sermons/4420208215619/ PDF notes also available at http://www.texascornersbiblechurch.org/

Senate Tax Debate Live Thread. Enjoy the banter and popcorn!

1994 election It was more difficult to find polling prior to the 1994 election, which saw Republicans pick up 54 seats in the House and made the GOP the majority party for the first time since 1952. Three ABC polls in the final weeks of the 1994 election which showed the Democrats ahead by 4 or 5 percentage points: 11/6/94: 47-42 10/31/94: 48-44 10/23/94: 50-45 Gallup found between March and October 1994 that the advantage went back and forth between the two parties, and was close near the end. Twice in the final weeks, it was dead even.

Returning to 2005 Spending Levels Would Match Current Revenues of 2.5 Trillion dollars. Outlays in 2005 were 2,472.2 Trillion. This solution would result in no rise the debt limit and we would have a balanced budget. This would also secure our AAA credit rating. This idea probably has too much common sense for the "Inside the Beltway Crowd."

A decade ago, Fannie Mae and Freddie Mac, the United States' two mortgage financing behemoths, were flying high. They were among the most profitable companies in the world, had political connections to the White House and Congress, earned enormous bonuses for their corporate chieftains, and did not have to play by the same rules as other corporations. For all that, they could thank their congressional charters, which established them as Government Sponsored Enterprises (GSEs).....Yet amid all the turmoil, lawsuits, and financial uncertainty befalling the companies, the current management teams at Fannie and Freddie have something to be thankful for in...

Following a landmark lending discrimination settlement, U.S. Attorney General Janet Reno recently issued a stern warning to all banks which practice red-lining--you're breaking the law and face possible litigation. Reno's warning came on the heels of a recent settlement of an unprecedented lending-bias case against Chevy Chase Federal Savings Bank, a suburban Washington, D.C., bank that was accused of bias in marketing services to predominantly Black and minority areas. It was revealed that until recently, Chevy Chase had no branches located in predominantly Black neighborhoods.

Assault on the mortgage lenders: in the name of racial justice, the Clintonites want the power to decide who gets a home of his own - efforts to impose regulations on banks to make loans even if applicants are not creditworthy National Review, Dec 27, 1993 by Robert Stowe England QUIETLY, behind the scenes, the Clinton Administration is preparing for the biggest regulatory crackdown of recent years. Attorney General Janet Reno is linking up with banking regulators and with HUD Secretary Henry Cisneros to end the supposed epidemic of discrimination against minorities in making home loans. The implications for society...

With not an insignificant amount of fanfare last week, former Fed Chairman Paul Volcker endorsed Barack Obama’s presidential candidacy. His endorsement drew more attention than it normally might have in that while Volcker is a lifelong Democrat, his legend is inextricably linked to Ronald Reagan’s, and the ‘80s economic revolution that reversed the U.S.’s flagging economic fortunes. Given Volcker’s historical ties to Reagan, some Republicans logically took offense to his seeming apostasy. Their dismay is misplaced. Volcker was never on board with the Reagan economic plan in the way that modern history suggests, and rather than an essential driver of...

The People Responsible for Fannie Mae and Freddie Mac By Bill Mann, Seth Jayson, Tim Hanson, Nate Weisshaar and Keith Beverly September 10, 2008 Comment (33) Recommend (91) It was a wise man who noted that the only corporate structure more insidious than a government-sponsored monopoly is a government-sponsored and investor-owned monopoly. In the end, as Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) have now so painfully proved, trying to serve the master of public policy while generating returns for investors will lead to disaster. Fannie and Freddie collapsed because they were part and parcel of the widespread...

Federal Housing Enterprise Regulatory Reform Act of 2005 Bill Summary 1/26/2005--Introduced. Federal Housing Enterprise Regulatory Reform Act of 2005 - Amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to establish: (1) in lieu of the Office of Federal Housing Enterprise Oversight of the Department of Housing and Urban Development (HUD), an independent Federal Housing Enterprise Regulatory Agency which shall have authority over the Federal Home Loan Bank Finance Corporation, the Federal Home Loan Banks, the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Mortgage Corporation (Freddie Mac); and (2) the Federal Housing Enterprise...

Latest on Democrat No-Drill Bill/ Neil Boortz Radio Coming up on CSPAN

Rep. Steve Cohen (D-Tenn): "Barack Obama was a community organizer like Jesus, who our minister prayed about. Pontius Pilate was a governor."

Rep. Charles Rangel is sure keeping congressional ethicists busy these days.

LANSING, Mich. (AP) -- Michigan took in more tax money than expected in November and December, but a falloff in January revenues has state officials nervously watching for February's numbers later this week. Advertisement With the national economy slowing and inflation rising, fears have grown that the country could be headed for a recession. Any national slowdown could mean Michigan's already battered state economy, and thus state government, could take a further hit. "We always say that one of the big factors in the Michigan economy is the U.S. economy," says senior economist Jay Wortley of the nonpartisan Senate Fiscal...

· Replace Michigan’s current complex and unfair tax system with a simple retail sales tax. · Eliminate current sales tax, personal income tax, Michigan Business Tax, Personal Property Tax, 6 mill State Education Tax on business and sales tax on all business purchases and replace them all with a simple retail sales tax. · Save MI taxpayers billions of dollars now being wasted in complying with the current tax code. · Significantly lower the cost of goods & services produced in Michigan by removing the cost of business taxes and tax compliance costs that are hidden in today’s prices. ·...

Unemployment Rate 2006 6.9% Actual Rate 2007 7.2% Actual Rate 2008 8.3% Forecast Rate 2009 8.9% Forecast

Baytown company plans major splash on energy By Kari Griffin Baytown Sun Published February 1, 2008 Members of the Central American Parliament, which represents countries in South and Central America, and the Caribbean, were in Baytown Thursday because of one man’s process of turning soybeans – among other things – into biofuel. John Rivera, CEO of Sustainable Energy Corp. and winner of an International Engineering Conference award and inventor of the “Rivera Process,” has found a way to produce biogasoline from pyrolysis biocrude oil – and he’ll be doing it right in our backyard. Located across from Pinehurst on Highway...

Follow the Green NOVEMBER 08, 2007 GLENN BECK PROGRAM BEGIN TRANSCRIPT GLENN: Now, you being a person that would be just like me, you don't have time to do all of your homework. So you just have that thought, wait a minute, isn't NBC owned by G.E.? I on the other hand, have people that follow these trains of thoughts like Stu. Stu, give me a little give me a little background on, gee, there's two parts of this story. The second part will boggle your mind. But here's the first part. STU: Well, as you know G.E., electric is...

Elrick Williams's toddler niece Carlyn may be one of the youngest contributors to this year's presidential campaign. The 2-year-old gave $2,300 to Sen. Barack Obama (D-Ill.). So did her sister and brother, Imara, 13, and Ishmael, 9, and her cousins Chan and Alexis, both 13. Altogether, according to newly released campaign finance reports, the extended family of Williams, a wealthy Chicago financier, handed over nearly a dozen checks in March for the maximum allowed under federal law to Obama.

“One reason why we have the fires in California is global warming,” Senate Majority Leader Harry Reid (D-Nev.) told reporters Tuesday,