SC drops corporate tax -- ??

This comes as a shock -- in the middle of a chirpy article on legislative developments in SC, the statement that a new law "covers all manner of economic incentives, including the elimination of the state corporate income tax." Any clue out there why they didn't free the people instead? The default always seems to benefit of politicians or the corporate world.
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http://www.wolfereports.com/2010/06/18/economic-incentive-bill-finally-goes-through/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+WolfeReports+(Wolfe+Reports)

Economic incentive bill finally goes through

Primary has politicians noticing some smells

Love this headline -- /\/

http://www.google.com/hostednews/ap/article/ALeqM5gfZ5MBVqCWljWzDTEedwMory1DjQD9G554CO0

Primaries from Calif. to SC measure voter anger

By MICHAEL R. BLOOD (AP) – 3 days ago

LOS ANGELES — How angry are Americans? People primed for change vote in 12 states Tuesday in contests that will decide the fate of two endangered Washington incumbents — a two-term senator in Arkansas and a six-term congressman in South Carolina — while setting the stage for some of the races that could determine the balance of power on Capitol Hill in the fall.

In an Arkansas runoff, Sen. Blanche Lincoln could fall to a fellow Democrat, Lt. Gov. Bill Halter, who says "the only way to change Washington is to change who we send there." South Carolina Republican Rep. Bob Inglis is trying to fend off primary challengers who have made the race a referendum on his 2008 vote to bail out up the nation's banking industry.

The political strength of the tea party movement faces tests in several states, particularly in Nevada, where three Republicans are in a bruising fight for the chance to take on Democrat Harry Reid, the Senate majority leader, in November...........

People power giving politicians the shakes!

I thought of it first -- have long dreamt of running for office again on exactly one campaign promise -- to vote against any legislation that had even a trace of poison in it, especially if it would save voters money. Are liberal Democrats backing up in that direction as far as their bandy little legs will take them?
There was good news from the rightly hated Bilderberg conference today as well -- Canada has turned down the idea of a global banker's tax applying to Canadians. A compromise was worked out whereby it will be up to individual countries to decide whether to gouge citizens that far. Where has this been heard before?
Oh yes -- it used to be called nullification 'round heah.
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http://apnews.myway.com/article/20100607/D9G6D6NO0.html
Election spooks lawmakers, curbs Congress spending
Jun 7, 7:09 AM (ET)
By LAURIE KELLMAN

WASHINGTON (AP) - The 2010 elections have changed the direction of government only half way through the primary season, with voter anger and economic jitters causing lawmakers to balk at their most basic duties as well as key elements of President Barack Obama's agenda.

After betting their political future on a government-mandated expansion of health care to include millions more Americans, Democrats appear to have little appetite for more legislative showdowns given voter rebellion against government spending amid trillion dollar-plus annual deficits.

The solution in some cases is to simply not vote. Immigration reform is too politically toxic. Key bills with massive price tags are getting shelved.

Congress' core duty, exercising its power of the purse by passing a budget? Negative. A vote for it could be seen as a vote for deficit spending. There's no sign of the 12 annual spending bills that typically come up in June...........

Poor penniless presidents

And now for the extreme of politicians posing as persons of pecunious paucity! You may know that this editor is interested in escaping what's become of ameriKa with a move to the far South. This just in on one of the countries he's "following" most avidly.
But what's the angle? When Teddy Kennedy killed poor Mary Jo Kopechne, the family was told he could only pay them $10,000 because he had not money and no assets to speak of, not even the shoes on his feet. This was the literal truth -- the fat cats have trusts and corporations to own their stuff. So, we suspect Uruguayan President Mujica is (as they say nowadays) being disingenuous or nuancing the truth with the statements you're about to read.
Watch again The Famous Clarkson Interviews on the Brian Wilson show ($30 ppd) where RBC lists U.S. presidents who publicly admit to paying no taxes. They have ways of hiding their stuff -- they have ways.

http://www.telegraph.co.uk/news/worldnews/southamerica/uruguay/7805405/Uruguay-presidents-entire-assets-a-VW-Beetle.html

Uruguayan President Jose Mujica has declared that his entire wealth is nothing more than a 1987 Volkswagen Beetle.

The 75-year-old president's sworn statement, made public this week, shows Mr Mujica has no debt – or savings – and does not own any other property.

Mr Mujica's presidential salary is £8,000 per month, but he donates most of that to the ruling leftist coalition and a public housing programme.....

TG1 was right

ePC editor comments: First thing every morning I check an email from www.freedomsphoenix.com. A libertarian group based in Arizona, I recommend it with the warning that it seems to have a confused viewpoint on two of the biggest issues, immigration and war. Its grab bag of news links today includes the following -- nothing major, no great surprise, but it happens to echo one of the main assertions RBC was making when first I met him 20 years ago. Sure, other people were too, but they didn't have organizations passionately dedicated to solving the problem!
Around 1990 RBC predicted this moment for "before 2000", partly because the Permanent Regime in DC is committed to trillions in military and other federal pensions, not to mention other handouts in this age where a majority of citizens are on the dole in one form or another. Looks like it's coming in 2010, but being 10-15 years off in such predictions is not a bad rate at all as these things go.

News Link • Economy - Economics USA
DEBT POISED TO OVERTAKE GDP!!!
06/06/2010 • godlikeproductions.com
U.S.’s $13 Trillion Debt Poised to Overtake GDP: Chart of Day By Garfield Reynolds and Wes Goodman June 4 (Bloomberg) -- President Barack Obama is poised to increase the U.S. debt to a level that exceeds the value of the nation’s annual economi
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More from today's haul via FP (has tons on the Freedom Flotilla crisis) and other emails -- saving the best for last! --

U.S. Debt Approaches the Reinhart-Rogoff Line
06-05-2010 • EconomicPolicyJournal.com
By the time, a country has debt equal to 90% of annual economic output, you know the impact is going to start to really hurt. Prior to crossing the Reinhart-Rogoff Line, government debt will still be suffocating to the economy...
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News Link • Agriculture
Hay on Oil on Water
06-05-2010 • arclein
The key point is that the necessary resource is available today and farmers with equipment are also available. No one else is at all. The only other possible option is to build berms which do not trap the oil but prevent further penetration only.
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News Link • Privacy Rights
Facebook alternative Diaspora fully funded
06-05-2010 • BBC
Four students in New York have raised $200,000 (£136,000) to build a alternative to Facebook where users have more control of their personal information.
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News Link • Obama Administration
Barack Obama, D-Day: Obama Paraphrases Mao On D-Day
06-06-2010 • Mondo Frazier
President Obama chose a weird way to mark the 66th anniversary of D-Day. It was wholly unintended, but entirely in character for our Commander-in-Chief.
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News Link • Government
10 States Where An Absurd Percentage Of People Work For The Government
06-06-2010 • Businessinsider.com/
Surprisingly -- as Economix points out -- the biggest public sectors aren't in liberal states like California. They're in states like Kansas, where people often rail against big government.
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News Link • Pandemic
WHO scandal exposed: Advisors received kickbacks from H1N1 vaccine manufacturers
06-06-2010 • Mike Adams
This report, published in the British Medical Journal, exposes the hidden ties that drove WHO to declare a pandemic, resulting in billions of dollars in profits for vaccine manufacturers.
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(Gee, where'd the swine flu crisis go!? Like so many major dramatic presentations, it got pre-empted by bigger sensations.)

News Link • Corruption
7 MEMBERS OF CONGRESS WHO ARE ON HALLIBURTON PAYROLL,ARE ON BP OIL SPILL COMMITTEE
06/05/2010 • godlikeproductions.com
As Congress investigated its role in the doomed Deep Horizon oil rig, Halliburton donated $17,000 to candidates running for federal office, giving money to several lawmakers on committees that have launched inquiries into the massive spill. The Te
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............An absolutely amazing page of classic freedom quotes! Man, GOOD FOR WHAT AILS YOU:

Eternal Vigilance is the Price of Liberty
http://freedomkeys.com/vigil.htm