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a kennedy

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Member since: Sat Jun 5, 2004, 12:02 AM
Number of posts: 13,796

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D*mn our refrigerator just died......d*mn

and holy crap are they expensive.....over 900.00?? Yikes.

Elderly Collecting Social Security won't Qualify for a HELOC no matter how much Equity in their home

Government Sequestration of the Elderly's Home Equity a 100% Success. Over 98% of the Elderly Collecting Social Security won't Qualify for a HELOC no matter how much Equity is in their Home!
The U.S. government has sequestered the home equity wealth of the elderly. Anybody who makes less than 3,000 dollars a month is not eligible for virtually any type of a loan, even if that person owns a home and has an abundance of equity in the home.

The average amount of social security income for 2014 is between $1,100 to $1,500 per month.
Anybody receiving less than $2,400 dollars a month in SS (SS 2,400 x 1.25 = $3,000) WILL NOT qualify for a HELOC in most scenarios! It is safe to say that over 98% of the elderly would NOT QUALIFY for ANY type of loan, even a loan secured by their home, even if their home is paid off!
There are literally millions of elderly who could probably have a plus net revenue every month if they could pay off credit card debt with a HELOC. The reduction in interest rate charges that range from 12% to 20% from credit card debt down to a more reasonable 4% HELOC would literally tip many elderly back into the black, thus allowing them to actually pay down their HELOC over time. The elderly would eventually have more spendable cash as well.
The U.S. government has basically sequestered the elderly from being able to pay down their higher interest rate credit card debt by use of their HELOC!
The U.S. government has basically forced the elderly who own homes into reverse mortgages or nothing at all.

The biggest problem I have with reverse mortgages is the more thrifty the elderly person is taking money out of their home via a reverse mortgage, the MORE they get penalized by the mortgage insurance premium that is tacked on based on the full value of their home!

For every dollar the thrifty elderly person takes out on a reverse mortgage plan, another dollar goes for mortgage insurance! And, all mortgage insurance payments that come out of the the Home's Equity get assessed that 4% or higher HELOC interest rate charge!

Why should you care? If the elderly are locked out of their own home equity, especially if all they want to do is eliminate credit card debt, they have little or no money to spend on local commerce since it is going to the credit card companies in the form of high interest rate charges.

Do you see the government orchestrated trap? Either the elderly stay stuck with high interest rate credit card debt that continues to erode their spendable wealth, or they sign up for a reverse mortgage and have their home equity eaten up by the mortgage insurance premiums.

If you fight against elderly wealth sequestration, you are actually helping free up dollars for local commerce and that helps everyone in your local community.

Is this true?? D*mn if it is.....haven't heard a word about this.
http://debtsuspensionrights.blogspot.com/2014/02/government-sequestration-of-elderly-100.html

Sharyl Attkisson resigns from CBS News......and I'm sure she'll move right on over to faux.

CBS News investigative correspondent Sharyl Attkisson has reached an agreement to resign from CBS News ahead of contract, bringing an end to months of hard-fought negotiations, sources familiar with her departure told POLITICO on Monday.

Attkisson, who has been with CBS News for two decades, had grown frustrated with what she saw as the network’s liberal bias, an outsize influence by the network’s corporate partners and a lack of dedication to investigative reporting, several sources said. She increasingly felt that her work was no longer supported and that it was a struggle to get her reporting on air.

At the same time, Attkisson’s reporting on the Obama administration, which some staffers characterized as agenda-driven, had led network executives to doubt the impartiality of her reporting. She is currently at work on a book — tentatively titled “Stonewalled: One Reporter’s Fight for Truth in Obama’s Washington” — that addresses the challenges of reporting critically on the administration.

Feeling increasingly stymied and marginalized at the network, Attkisson began talking to CBS News President David Rhodes as early as last April about getting out of her contract. Those negotiations intensified in recent weeks, and her request was finally honored on Monday.

Reached by phone, Attkisson described her resignation as “amicable.” She said she will now turn her attention to the book, which is being published by HarperCollins, a division of NewsCorp (and not by Simon & Schuster, a division of CBS Corp.).

Sonya McNair, senior vice president for communications for CBS News, said in a statement: “CBS News veteran Sharyl Attkisson is leaving the news division to pursue other endeavors. We appreciate her many contributions and we wish her well.”

But Attkisson had become a polarizing figure at the network, sources there said. While some championed her relentless dedication to investigations — ranging from defective Firestone tires to the Fast and Furious gun-walking scandal — others saw evidence of a political agenda, particularly against President Barack Obama. (The bulk of Attkisson’s work since 2009 has focused on the failures or perceived failures of the Obama administration, including its failed green-energy investments and the attack in Benghazi, though she has reported on several Republican failures as well.)


http://www.politico.com/blogs/media/2014/03/sharyl-attkisson-to-leave-cbs-news-184836.html


Good bye, and good riddance.

Are libertarians and tea party members closely related?? Sounds like they want to be....

Caught some panel of conservative and libertarian talking heads, and I got the impression both think if combined they could become a "force" to deal with next election. They wouldn't say who they could rally around now, but threw the Rand Paul's name around. How effective a political group could they become??

What's up with all the wanker/burke advertisements lately??? election run off or something??

Live in MN, and our local channels on the Wisconsin side are just hammering advertisements regarding wanker and burke..... what's up with that??

Ok......Barry White IS talking to me....

gonna go to bed now.....husband IS waiting.

Did anyone see Stephen Colbert on the Tonight Show last night??

OMGosh...to funny.

http://www.nbc.com/the-tonight-show/segments/2346

anyone??

Scott Walker’s little-known scandal: When he treated welfare recipients like dogs....

Posting here for wider audience:

Among the racist jokes and emails found in recently released documents connected to the criminal probe of Gov. Scott Walker’s 2010 campaign, one stood out: A “joke” about a woman trying to sign up her dogs for welfare, because “my Dogs are mixed in color, unemployed, lazy, can’t speak English and have no frigging clue who the r Daddys are. They expect me to feed them, provide them with housing and medical care, and feel guilty.” The punchline: “My Dogs get their first checks Friday.”

Walker’s deputy chief of staff Kelly Rindfleisch replied: “That is hilarious. And so true.”

The joke is bad enough on its own, but it’s also worth noting: back when Walker was Milwaukee county executive, and Rindfleisch was a top aide, he managed the county’s welfare programs so abysmally that after lawsuits by local clients, the state was forced to take them over. “They didn’t just call people dogs, they treated them like dogs,” one Milwaukee elected official recalled angrily.

“Milwaukee County has demonstrated a sustained inability to successfully provide services to its (poor) customers,” state health services director director Karen Timberlake wrote in a February 2009 letter to Walker announcing the state takeover. Milwaukee became the only one of 72 Wisconsin counties to wind up with its programs for poor people under state control.

It’s a chapter in Walker’s career that shows why, to many in Milwaukee, his staff’s racist jokes aren’t funny.

At the height of the recession, in 2008 and 2009, requests for aid in Wisconsin, and throughout the country, soared. But in Milwaukee, where 41 percent of African Americans live below the poverty line, people had trouble getting help. Roughly 95 percent of calls to the county’s client-intake call center went unanswered in 2008, a state probe later found.

The social services department budget funded 25 positions at the intake center, but a Milwaukee Journal-Sentinel reporter found only seven staffers working among empty cubicles when he visited. Advocates and the county workers’ union complained, but Walker stonewalled. Aided by the outcry, Walker began arguing for privatizing the social services intake unit. “He was managing it to fail,” charges AFSCME contract administrator Dave Eisner.

http://www.salon.com/2014/03/03/when_scott_walker_treated_welfare_recipients_like_dogs/

OMGosh......she's got three eggs now.....

http://www.ustream.tv/decoraheagles Way to go mom.....

Mary Burke takes the plunge in La Crosse.......

the polar plunge that is.....cold, cold, cold weather was the star of the this years polar plunge, and Democratic gubernatorial candidate Mary Burke went all in to show her support and her "balls" (my word) to prove she's worthy. I thought she could have raised a tad more money then just 500.00.

http://www.wxow.com/story/24861374/2014/03/01/democratic-gubernatorial-candidate-takes-the-polar-plunge
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