Florida State Seminoles

[Jungle Rat]

Stuck his nose in the Casinos. Cincys construction is now halted. He thinks the deal the voters approved before he took office is unfair and wants to change the fees & taxes.

[Owlman]

A Republican not trusting the voters??? no way.

[Jungle Rat]

This guy is turning out to be a backstabbing moron. Reminds me of Crow. Except he's not stuck in some basement in St
Louis clearing tax returns from people already in poverty.

[TheBigMook]

He ate a baby.

[Bklyn]

If gas prices jump hours after the price of oil jumps, why don't gas prices fall hours after oil prices fall? Such a fucking scam.

Because they don't have to. They especially don't have to at the same rate that crude drops. The consumer is pretty sticky. We're not going anywhere and many of us get happy when the price goes down, no matter how marginal. We're drug addicts. Drug addicts aren't logical.

[Bklyn]

What is more interesting, and I've never been able to understand, is the whole "off-budget," "on-budget" treatment of SS by government accounting and budgetary practice. Its been off and on over the years and is very confusing.

For one thing, it is very difficult to determine how and to what extent SS is a part of the deficit (let alone whether it should be) and its impact on the governmental balance sheet. If you've gott a good reasoned source or explanation for that one I'd like to read it.

Ok, so I "pulled the coat" of one of the economists in my office to talk about this for a few minutes. SS has always been "off-budget." It has historically been (officially) reported separate from the Federal Budget. However, when factoring the totality of the deficit, SS is included...along with other trust funds (Medicare, Highway Trust Fund, etc.).

So, the official budget never includes the numbers although they can be wrapped into the "unified budget" to show the impact of these liabilities.

The CBO addresses it as such:

By law, the Social Security program is treated as an "off-budget" entity, and its financial figures are displayed separately from the rest of the budget. The separate display, along with the use of trust funds as an accounting device, is a means of distinguishing the program's finances from those of other government activities. However, the distinction can be confusing when it leads people to think of Social Security as an independent financial entity. Social Security is a federal program, and as such, all of its taxes are received by and its outlays dispensed from the U.S. Treasury.

Focusing on an accumulating balance in the Social Security trust funds can also be misleading. The only economically significant way that the government has a surplus is if there is a unified budget surplus--when total receipts are greater than total outlays. Although separate taxes are collected for Social Security, the money left over after benefits are paid is used to fund other government programs or to pay down the debt held by the public.

Regardless of how any federal program is financed and accounted for--and whether it is presented as on- or off-budget--a full understanding of the government's looming fiscal strains and the potential economic impact of its fiscal condition requires that all government functions be considered together. It is the federal government's total claims on the nation's resources that affect the economy—not the individual components that make up those claims.

[Saint]

I kind of scrolled thru the last few pages. did someone say they're going to start waterboarding people caught with weed?

[eCat]

someone was telling me Kasich wants to tax you on all winnings in the Casino, so if you go in with $100, win $900 and then proceed to lose it all before you walk out, he still wants to tax you on winning $800

[sardis]

Something tells me you and Rat don't need to worry...

[eCat]

I'm actually looking forward to having a downtown Casino. Its probably the one attraction that would get me down there occasionally.

[Jungle Rat]

Me too. Besides the Reds. I liked the plans. Now it will be half as big if this crap goes through.

[eCat]

I would do the same thing



ATM, any way we can turn on HTML ?

[Jungle Rat]

http://news.cincinnati.com/article/2011 ... eststories

[Hizzy III]

http://fuelfix.com/blog/2011/05/12/big- ... ax-breaks/

I get the feeling that what these execs really want to say in these public hearings is, "Fuck you. We run this. You don't like it? Then jump on a bike or take your fat ass for a walk. We've got a new Bentley to pay off, bitch."

[Ron Mexico]

I would do the same thing



ATM, any way we can turn on HTML ?

That dude made one hell of a leap from Las Vegas cop to Navy Seal...

[Dave23]

God knows Cincinnati needs something downtown that doesn't close at 5PM...

[Jungle Rat]

True, but we don't need a boat to get there.

[Stormaktstiden]

Downtown Cincy has a great Oktoberfest. And the WEBN fireworks used to be a great event. Do they still truck in a bunch of sand and make a beach party downtown on the river as well?

[Fifer]

Tall Stacks coming back in 2012

[Owlman]

It seems as though many of these recently elected Republican Governors aren't fiscally responsive but more aim to implement their social agenda. Forcing extra ultrasounds, drug testing for welfare benefits, etc.

Is Kasich trying to raise money or is he trying to discourage people from gambling?