KFI Shock Jocks Lead California Tax Revolt

Jon and Ken, talk show hosts on KFI 640 AM, have started the ball rolling to recall Governor Schwarzenegger, and other elected officials. The reason behind this tax revolt is that Schwarzenegger was originally elected for his stated stand against any new tax in California. on his Inauguration Day, he rolled back the car tax [as a campaign promise].

When he signed the new tax increases, last week, he may have signed his own end in politics. In the eyes of many Californians, who are sick-and-tired of paying the highest taxes in the USA, they were lied to, and believe it's time to put a stop to this kind of free fall in state spending and taxation.

If you'd like to read more about this Tax Revolt in California, please go to: http://www.facebook.com/pages/The-John-and-Ken-Show/12938177147

You can also read more about the two radio hosts at their web site on: http://www.kfiam640.com/pages/johnandkenshow/

What amazes me most about our new taxes is that whatever the working person gains from the Stimulus of Obama, California politicians have voted to take away.

One of the big lies being sold to public is that state workers are giving up two state holidays [Presidents Day and Columbus Day] to help balance the budget. However, their unions secretly won back [under the table] those two holidays in under the guise of two floating holidays. In truth, this didn't solve any stated budget problems, rather it shows the smoke and mirrors approach to correcting the budget, at least in the eyes of the trusting public.

Still, the state employees did take a major paycheck "hit" with the continuation of the two-day-a-month furloughs. This does add up to at least a 10% pay cut.

I don't know if this radical tax increase is the start of similar increases for other states, but, it will be interesting to wait and see just what this affect this radio station tax revolt has????

Shalom,

Pastor Paul:type:

 

Dear Matt

I do not want tax dollars to pay for my house. I do want the bank to work on some type of program that will allow for the underwater amount. I am as confused as you, because the economy is going down the drain, and it seems to be sucking evryone with it.

The government is not the answer to the housing problem, it will be up to the banks. When I wrote that post it was to suggest that someone, somehow needs to figure out a way to allow for the DRASTIC flip in housing. It is terrible to go to bed one day and have your house worth $400,000.00 and the next day see it worth $170,000.00. [I am using figures that have nothing to do with my situation, as that is truly a private matter]. I hope you understand....I do not want a bailout. I think this entire bailout, stimulus thing is the wrong way.

I do think it would be great if the banks would find a way to "forgive the loss, and allow it to maybe be a balloon payment at the end of the loan period. It is an idea, but, I don't have an answer. So, please, let it drop....as I said on that post [the other day], I had heard enough of the negative from you folks. Please, let it be, and move on!:thumbs:

The post I did here is not anything related to the stimulus. I just wanted to post this, because it is interesting, and it is something people like you may be interested in reading and watching to see how it works out.

Shalom,

Pastor Paul

 

No One Will Disagree With That....

As usual, you are right on.....I won't disagree with you. :thumbs:

However, I am upset with the way "smooth mortgage brokers used the rush of housing appreciation to make big bucks off ten-of-thousands of people. As I said before....the housing boom was a scam, but, at the time, it looked really good. It made lots of money for a select few that found a way to suck people in, and it left the home owners, and the investors holding a bag of nothing but empty promises.

I hope the Attorney General finds a way to prosecute these brokers, because it has left a lot of people with nothing to show for their investment. I looked at the loan I got on my home as an investment. I used the money to completely remodel my 14 year old home. My plan was to hold on to the home until I reached 65, and sell it for a minimal profit, enough to buy a mobile home. As it is, I am not the owner of a home that is worth anything near what I put into the home. Thanks to ALL the foreclosures going on ALL around me. These foreclosures have caused the price of homes to drop more than 65% in my area.

According to the articles I read, my particular community is one of the worst in the nation when it comes to "depreciation" of the value of the home.

My plan now is to hold on to my beautiful home, and pray that the value of homes climb back up that steep slop in a time period that allows me to one day get that investment back out of my home. Of course, if I have to wait toooooo long, the home will once again need work to get it looking as nice at it does right now.

There were people that used their equity for world wide trips and expensive vacations, new cars, motor homes, etc. Those folks are the ones who have NOW walked away from their homes, leaving an nasty black hole of falling prices of homes.

I think the brokers were bodering on the criminal side of business, but, what can a person do. I plan on honoring my word when it comes to this house, but, it will be along hard road to travel.

Again, I read the post and do not see anywhere that I am asking the government to bailout me out. I was asking for the banks to take a look at the problem and find a solution to end the underwater situation. That does not mean we should use tax dollars to do this. The banks can do this without federal money. It is simply a paper thing. Like I said, I'm not a banker, and I don't have a solution. Just a lot of FRUSTRATION right now.

Shalom,

Pastor Paulraying:

 

Drill Baby Drill???

Let's not forget the Republican slogan: Drill Baby Drill!:smilewinkgrin: Now, back on topic!!!