Category Archives: National Debt

Mossack Fonseca

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Unfortunately, all citizens have to pay taxes. We all need to pay our fair share. Nobody looks forward to it. It isn’t easy or fun – but it’s important in society that we contribute to our streets, roads, first respondents, and contribute to education.

In this world nothing can be said to be certain, except death and taxes – Benjamin Franklin.

Today it was recently discovered that a global investigation has been started on Mossack Fonseca – the world’s fourth-largest offshore company provider. The Panama Papers, a hoard of 11.5m documents, show how long this activity has been occurring.

There was a massive leak of documents recently discovered, that for the first time, how active this bank was helping wealthy and powerful leaders cheat our system. They assisted in helping individuals to do everything in their power, both legal and illegal, to avoid paying taxes.

We rarely report illegal events, but as the USA tax due day slowly closes in, we feel our duty as Patriots to point out this disgrace of cheating our country and the world.

We are about America, and as much as I question the practices of the IRS, this discovery of documents paints an ugly picture of pure fraud on many levels.

The documents reveal the bank is a mill of offshore tax evasion, and tax havens. Data from the World Bank, IMF, UN, and central banks, show cash hidden between $21 and $32 trillion, where registered incorporation agents and law firms operate in small Caribbean countries.

They make the laundering of money and the “disappearance” of the wealthy, into untraceable numbers hidden behind shell companies, possible. The list ICIJ revealed 100,000 HSBC clients who had been dutifully avoiding the payment of taxes.mossack_FRAUD_stats_2

Thirty Two Trillion Dollars of Fraud. Unbelievable. These are immense numbers and it shows that the tax code needs to be corrected and enforced. Sadly, a better system is desperately needed to be put in it’s place. If you steal 32 trillion dollars – you are stealing from the world. Everything goes up when this injustice is done including inflation, devaluation of currency, and core corruption.

I believe taxes should be lowered, even for the rich. But when people cheat – it ruins this concept, and taxes are forced to rise.

We can only hope this will be prosecuted and I would also point out the huge amount of world leaders involved in this. Shocking to thenumber28.

The tax code needs to be over-hulled, simplified, and enforced.

Trump Tops Iowa 28%

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trump_iowa

The Number 28 Inc. proudly supports Mr. Donald J. Trump to be our next president of the United States of America and lead the free world.

Currently he holds the #1 lead at twenty eight percent.

Donald J Trump Leads at 28%

We endorse him and wish him luck tomorrow at the Iowa Caucus 2016 event on February 1st, 2016.

Our country has done great things, putting a man on the moon just touches the surface on the freedoms and social conquests for humanity that the USA has established.

I fear what the world would become without the USA. However corruption, politics, greed, and gluttony has destroyed a once mighty nation. Our forefathers are rolling in their graves.

We NEED to Make America Great Again.

I believe in his pledge, his vision, and trust him to get the job done correctly and honorably.

We here at thenumber28 salute you, Mr. Trump. Godspeed.

Currently Donald J. Trump has surged past Ted Cruz in Iowa, while Hillary Clinton is holding a three-point lead over Bernie Sanders, according to the final Des Moines Register/Bloomberg Politics poll before the Iowa caucuses.

Trump leads Texas Sen. Ted Cruz by 5 points.

Trump captures the support of 28 percent of likely caucus-goers, compared to 23 percent for Cruz, 15 percent for Florida Sen. Marco Rubio and 10 percent for former neurosurgeon Ben Carson.

On the Democratic, the data shows Clinton up over Sanders 45 to 42 percent, with just three percent for former Maryland Gov. Martin O’Malley.

I believe in America, I believe in Mr. Trump.

In God We Trust. Go Trump !!

Dow Jones keeps sinking – Warning

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The number 28 has an eagle’s eye on our nation. We are worried that trillions of dollars are being lost at a rapid rate. Warning.

Published: Jan 20, 2016 10:28 a.m. ET

The Dow industrials plunged more than 300 points Wednesday as a renewed rout in oil prices and global equities triggered a selloff on Wall Street.
The S&P 500 SPX, -2.67% was down 41 points, or 2.2%, at 1,840 falling below its Aug. 25 closing low of 1867.61—a level viewed as key technical support point for the S&P, suggesting further moves lower may be ahead.
dow_chartThe energy sector was the worst performer on the S&P 500, down 4%, led by Chesapeake Energy’s CHK, -8.12% 9.5% tumble.
The Dow Jones Industrial Average DJIA, -2.59% dropped 332 points, or 2%, to 15,690 and the Nasdaq Composite COMP, -2.58% was off 97 points, or 2.2%, at 4,381.

International Business Machines Corp. shares IBM, -4.50% retreated 4.2% after the computer maker late Tuesday reported a drop in fourth-quarter earnings. The move in Big Blue was contributing nearly 40 points to the blue-chips benchmark’s decline.

Thestock-market rout came as stocks racked up sharp losses world-wide, fueled by oil falling below $28 a barrel and worries over an economic slowdown in China and other developing markets.

“The fledgling hope from yesterday that markets were on the turn has been quashed by sharp overnight falls in Japan and Asia,” said Rebecca O’Keeffe, head of investment at stockbroker Interactive Investor, in a note.

Read: IBM needs software to save it from prolonged downfall

Meanwhile, a flurry of economic data offered a mixed picture of the U.S. economy, but did little to hearten the gloomy sentiment hurting the market.

The U.S. consumer-price index dropped 0.1% in December, but core CPI, which excludes food and energy, rose 0.1%. Though the headline number came in lower than expected, the core was in line with economists’ expectations. For all of 2015 inflation rose just 0.7%, the second slowest rate in 50 years.

Housing starts fell 2.5% last month, missing economists’ expectations, and indicating that home builders cut back slightly on new construction in the final month of 2015.

Meanwhile, in Asia, Japan’s Nikkei NIK, -3.71% slid into bear market territory, which marks a 20% slump from a recent high. And in Europe, markets were lower across the board, with the Stoxx Europe 600 index SXXP, -3.33% almost 3% and on track for its lowest close since late 2014.

“With every upturn being followed by deeper falls, investors are increasingly wary as it becomes more and more difficult to determine what might happen next,” O’Keeffe said.

Read: China’s problems now spilling into Hong Kong

The S&P 500 index SPX, -2.67% and Dow industrials DJIA, -2.59% closed marginally higher on Tuesday following a rally in Europe, while the Nasdaq Composite COMP, -2.58% closed down 0.3%.

Oil blues: Crude oil CLG6, -5.24% hit fresh 12-year lows to trade below $28 a barrel for the February contract, which expires at the end of trade Wednesday. Crude for March delivery fell 2.4% to $28.85.

The losses weighed on U.S. oil companies, with shares of Chevron Corp. CVX, -5.69% down 4.4%, Exxon Mobil Corp. XOM, -3.59% off 2.6%, and Anadarko Petroleum Corp. APC, -6.09% 5.2% lower. Seadrill Ltd. SDRL, -20.52% slid 15.7%.

SOURCE

$28 Billion in Additional Military Spending in 2015

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President Obama released his sixth budget proposal, requesting $3.9 trillion in fiscal year 2015. His proposal would relieve sequestration cuts by adding back $56 billion in discretionary spending next year in an “Opportunity, Growth, and Security Initiative.”

The new spending would be evenly split between military and domestic discretionary programs, and the additional funding will come from cuts to federal crop insurance, changes to TSA passenger fees, by closing some individual and corporate tax loopholes.

President Obama’s budget arrived over a month after the legal deadline of the first Monday in February. Meanwhile China is roaring with military futures and it is getting harder to swallow.

As most of the world’s biggest militaries scale back their budgets, China is planning on increasing theirs. The world’s second-biggest economy may already have the largest military in terms of manpower, but technologically it lags the U.S.

According to defense consulting and analysis company IHS Jane’s, this year China will be spending $148 billion on defense funding, up from $139.2 billion last year, spending more money on its military than any other country in the world except for one: the United States.

Though the U.S. holds on tightly to the No. 1 position, budget cuts of $90 billion this year will bring the American defense budget down to $574.9 billion, so China is slowly closing in.

IHS also reported that by next year China is expected to spend more money on the military than Britain, Germany and France combined. By 2024, it will spend more than the entirety of Western Europe.

Now back at home – after the great recession there was no budget passed for several years – from 2010 til now, not many concurrent budgets were passed.

Currently I am skeptical on what exactly all the big spending will result in our America being somewhat better or somewhat worse. Here is what Obama wants to do in 2015:

Spending and Cuts

In addition to the spending levels set out in the Bipartisan Budget Act of 2013, President Obama proposes a total of $56 billion in new spending in fiscal 2015 for a total of $1.19 trillion in discretionary spending, an increase of about 1 percent relative to 2014 enacted levels.

The budget includes $28 billion in additional military spending and $28 billion in new spending for energy efficiency programs in the states, job training, expanded Head Start, and universal pre-kindergarten.

The president also proposes $302 billion in additional infrastructure spending over the next four years, which would improve roads and bridges as well as fund transit projects. Yet he proposes to pay for this new spending with a one-time opportunity for corporations to bring money stashed overseas back into the U.S., and is tantamount to a corporate tax break.

Nearly eight in 10 American voters (79 percent) want to close tax loopholes that ensure corporations pay as much on foreign profits as they do on domestic profits. [i]

FY2015 Budget
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