₦airaland Forum

FreeGlobe: God punish you bastarrd. Like we don't know what his desperate attempt at bringing religion up during the last election fool.

Talk about religious politics it was first started by Anglicans during Mbadinuju regime. I could still remember statement accredit to bishop Anikwenwa that only Anglicans will be ruling Anambra state. Meanwhile how is Obi dividing Anambra state along religious line as you claim?

One of many lairs of this Chosen mopol.
The story can make more sense in Nollywood
But wait oo, Pentcostal church must you lie to get more members

FreeGlobe: sorry, there is no zoning in Anambra. Peter Obi represent retrogression and corruption. He has nothing to show for 8 years of governance. He divided Anambra across Catholic and Anglican lines and he wants to divide the state further with zoning. Rubbish. Soludo is the next governor.

Shut up! You sound like a foul. In as much as i don't support zoning but saying that Peter Obi divides Anambra State along religious line (catholic/Anglican) shows how bitter and frustrated you are.

I killed 11 babies for money rituals

The love of money is the root of all evil, so says the Bible. This aphorism aptly captures the experience of a 20-year-old man, Agu Nwanu, who said he delved into voodoo practices and money ritual in a bid to get rich by all means.

Nwanu told the reporter that at the peak of his foray into voodooism, he, alongside a traditional priest, slaughtered 11 young virgins for money rituals at a village in Ebonyi State. According to him, right from his childhood, he had made up his mind to serve the devil in order to become rich.

He took the decision, he noted, as a 15-year-old young lad in his village in Ebonyi State. Agu’s reason for insisting on serving the devil was that his father, who served God all his life was also poor all his life. Said he:

“When I was growing up, I never wanted to be as poor as my father. I had wanted to become not just rich but very wealthy. I reasoned that I had to serve the devil in order to become very wealthy. I believed that my father was afflicted by abject poverty because he had faithfully served God. I had believed that by serving Satan, I would be very rich, build mansions and ride big cars, as I have learnt that many wealthy persons got their money by serving the devil. So, I was determined to do money rituals too so as to hit it big.

“At 15, I began to practise paganism, I would go into the bush in the village, clear a spot, gather some stones and put some leaves on them. I would then pour oil on the stones and then kneel down to worship the objects.

I also was desirous to know the devil. I was very curious about him. I was asking everyone around about powerful native men, who could link me to the devil. I wanted to meet with him, tell him that I wanted to be very rich at all cost.”

Indeed, a few years later, Nwanu came by powerful native doctors, who introduced him into various ways of doing money rituals. “I began to meet with different native doctors, who were asking for some items as requirements for money rituals.

The items included dogs, fowls, hairs and parts of human beings as well as some other things needed for the rituals. These items were mixed together and eventually, I started making money. That was how I was able to sponsor myself in secondary school as well as feed and clothe myself. In spite of all these, I wasn’t yet satisfied, as I was still living with my uncle. “I was thirsty for good money.

I once got introduced to a powerful native doctor, who assured that he could help me to become very wealthy on certain conditions. He said I had to get married and begin to make babies, as my wife and children would be useful in sustaining the money rituals. The man also told me that I was also too young then because I was barely 20 years old.

He advised me to do the rituals when I turned 25. I didn’t like the conditions he gave, so, I decided to seek for help elsewhere and I got it. “In January this year, I was introduced to another powerful native doctor in Ebonyi State. I had to travel all the way from Lagos to Ebonyi to meet with the man.

I disguised as a middle-aged man to forestall a possibility of the man, dismissing me as too young. The native doctor turned out to be a priest to a deity believed to be the god of money. “At the priest’s place, I was asked to speak with an invisible deity, who spoke to me in a guttural voice. He demanded the heads of seven female virgins, babies preferably.

Though I was stunned at its demand, I was ready to do whatever needed to be done. I indicated my readiness but said I didn’t have the means of getting the babies since I was not used to the place.

The priest offered to help and took me to some motherless babies’ homes and hospitals in the state. “At first, the owners of the homes and hospitals asked for N400, 000 for each baby but we haggled and beat the price to N70, 000 for each.

We eventually got seven babies even though we didn’t make all the payment. The priest made arrangement with the authorities of the motherless babies’ home to secretly bring the babies to his shrine in order to prevent a possible encounter with the police.

‘‘Once the priest got the items, he asked me to go into a room where he had lodged me. So, the next day, he invited me to his shrine and there I saw blood and human remains splattered all over the premises of his shrine and I concluded that he must have used those babies for the rituals. “The priest then handed some charms to me and instructed me to return to Lagos. He said I should observe a dry fast for seven days and nights.

He also instructed me strongly against having anything to do with women. He specifically said I should not allow a woman touch me or talk to me.

This, to him, would preserve the potency of the juju. “I was overwhelmed with great joy and made a strong decision to obey the priest’s instruction to the letter. But before I boarded the bus en route to Lagos from the Ebonyi motor park, an unknown woman called out to me and followed me in spite of my blunt refusal to give her audience. The lady succeeded in touching me before I got rid of her.

“Instantly, the charm I was given got broken. I ran back to the priest and was dumfounded with what he said. He said the lady that accosted me had ruined the charm because she was in her menstrual period when she touched me.

I would have been punished severely for spoiling the charm but the deity had a soft spot for me and gave me a second and last chance. I was to do another charm with another seven virgins, four males and three females.

My failure to get the additional seven virgins in three days, he said, would result in my death. “By that time, I had spent almost all I had on me. I had only N43, 000 left. I had paid N400, 000 as part payment for the earlier ritual.

So, I pleaded with the priest to assist me and he contacted some kidnappers in the state. He invited them to have a chat with me and the kidnappers said I was fortunate to approach them at that time because they had four virgins whom they had fetched for a client that didn’t need them any more, as another set of kidnappers he also contacted had gotten the virgins for him. So, the priest and I pleaded with the kidnappers to give me the four virgins on credit. I gave them N40,000. We promised to pay the outstanding money after the second ritual.

“Actually, the money was ready and stacked in many polythene bags and they were shown to me. But the deity had warned that I shouldn’t touch the money since the charm was already spoilt. The other seven virgins were to be used to placate the spirit behind the money so that anyone, who touched it would not be severely punished.

“Considering my situation, the priest pleaded with the deity to accept the four virgins that we eventually got from the kidnappers and the ritual of appeasement was done. After that, I was asked to come back to Lagos and wait for seven months.

I was instructed to struggle to survive by doing odd jobs within those seven months so that I would have gathered enough experience that would enable me spend the money prudently. “As the ritual of appeasement on the money was done, a paper on which my name was written fell from the ceiling.

There was a message, congratulating and welcoming me to the club of billionaires. On that note, I returned to Lagos.

As the earlier instructions about abstaining from women were passed to me, I did my best to abstain from women for the seven days of the dry fasting. I ensured this by locking myself up in the house and coming out only in the midnight to get fresh air.

“But shortly after the fasting, I had an encounter with a member of The Lord’s Chosen Charismatic Revival Movement.

The man preached to me and we became friends. I agreed to go to church with him one day and after the church service, the presiding pastor, Brother Anapeto Peter, ministered to me and prayed with me. It was there that I received Christ and renounced my evil ways.

“Since then, I’ve been having an inexplicable peace of mind. I have asked God to forgive me for my past atrocities. I will never go back for the money, as I have given up everything for God to rule my life. I have realised that I was just being deceived by the satanic priest and his deity.”

http://sunnewsonline.com/new/cover/i-killed-11-babies-for-money-rituals/

All the name you listed above are not popular in Anambra state, who are them?

Waiting concern agbero with over load?
Azonto ko' Alingo ni'

dayokanu: below are the directors of First bank Count how many Yorubas are there and their ranks

http://www.firstbanknigeria.com/about-us/the-leadership/board-of-directors/

Globacom is wholly owned by Mike Adenuga

Show us anything from Glos website that says otherwise

No wonder there is no improvement in First Bank. Mediocrity is the other of the day

musiwa23: if we leave nigeria.. fidelity bank..etc and others will become our own.. Goodluck think he is smart.. ASCON he think he is stealing yoruba people money.. 5 trillion.. using chike obi.. I will see how he would move the asset.

all of the igbo stores. we would take over ...

Lol @ taking over the Igbo stores.........
Musiwa don't tell me you don de eyes somebody's shop in your enclave

kettykings: Palm oil does not sell anywhere near $109 / barrel

Barrel ko' barrow ni'
A litter of fuel is N95
A litter of palm oil is N200 compare nah

kettykings: This comparison is the Biggest Joke i have seen from these jokers in a long while. Moderators should take this Joke to the Joke Section immediately.

This Comparison is a big Joke indeed, Cocoa should be Compared not to the Oil industry but to one Oil well.

The Cocoa Economy is just like the Kola Nut Economy a one LGA/State Economy .

Niger Delta Exports 2.5 M barrels minimum a of crude oil a day how many basins or baskets of Cocoa does yorubas export in a year.
At 2.5M barrels a day the Niger Delta Oil yields a whopping $272.5 M ($272500000) or N43.6B (N43600000000) daily
The Export of Crude oil sustains the National economy which includes 36 states and 774 LGA and the Federal Government and is responsible for 80 % of the Forex the country earns while Cocoa is not even able to sustain the economy of 1 state government in the South Western states



even at the that Cocoa production is expected to be 200,000 metric tons in 2012-13 because Cocoa for March delivery fell 1.1 percent to 1,584 pounds ($2,513) a ton on NYSE Liffe by 12:30 this will yield an income of 200,000 X $2513
502600000 this is just $502M which is about N80B which is not even up to the budget of a Niger Delta state

Cocoa production is expected to be 200,000 metric tons in 2012-13

How can somebody in his right senses compare an N80B /year economy to N43.6B economy per day

The guy mean palm oil no vex ok!

cocoa (keke napepe) vs Oil (Range Rover sport)
Which 1 can move faster?

Anambra get people die! Just imagine

NNAMDI Azikiwe - the first
president of the Federal
Republic Of Nigeria
Alex Ifeanyichukwu Ekwueme
Professor Chinua Achebe
Professor Uche Okeke
Emeka Anyaoku
Nwafor Orizu- the first senate
president in Nigeria
Lieutenant-General Chikadibia
Isaac Obiakor - appointed in
2008 by UN secretary-General
Ban ki-moon as military advisor
on UN peacekeeping
Operations.
Professor Humphrey Nwobu
Nwosu- former NEC chairman
Pius Okigbo, a world renowned
economist, was the first
economic advisor to Nigeria
Chimamanda Adichie
Dora Akunyili
Cardinal Francis Arinze. The
first Nigerian Cardinal
Chuba Okadibgo
P.N. Okeke-Ojiudu. A
politician, was the first minister
of agriculture in Nigeria first
republic
Cyprian Ekwensi
Philip Emeagwali. Winner of
the 1989 Gordon Bell Prize for
supercomputing
Professor Chike Obi. Great
mathematician
Louis Odumegwu Ojukwu. The
first Nigeria millionaire and first
president of Nigeria stock
Exchange
Dim Emeka Ojukwu. Biafra
War Lord
Osita Osadebe. Popular Nigeria
Highlife musician
Professor Charles Soludo
Professor Kenneth Onwuka
Dike. A pre-eminent scholar of
African history
Peter/ Paul Okoye (P-Square
This are notable individuals thou not richest from Anambra
One thing 4 sure is that Nnewi is the richest town in west Africa

Anambra joor

Chimex09: Enugu - d Coal City

Lol @ Enugu

Temismith: Are u askin of -419?

Lol
am asking of Nigeria zip code or otherwise known as postal code

nagoma: Everybody knows about these fabricated "quotes" meant to incite hatred. Sardauna would never say such nonsense.Boy, go to school.

You called the quote nonsense? My only advice to you northerners is to look inwardly and see where your problems is coming from. Stop blaming the south because your bid to use them as your conquered territory backfired

nas4q: The zip code for lagos nigeria is 23401. The idea is intl dialling code + state code. Jas-o was close to getting it. so apologize k. I still wonder why u dont knw dis thang, abi u talking spanish?

I have got something like this but still not working

Postal codes in Nigeria
Postal codes in Nigeria are
numeric, consisting of six digits.
NIPOST, the Nigerian Postal
Service, divides the country into
nine regions, which make up
the first digit of the code. The
second and third digits,
combined with the first, are the
dispatch district for outgoing
sorting. The last three digits are
for delivery.
The main postal head office in
each region will have a postal
code ending in 00001, so Garki
Main HO in Abuja has the
postal code 970001, Ikeja HO
in Lagos has 100001, Lokoja in
Kogi has 270001 and Port
Harcourt has 500001. The
lowest postcode is 100001 and
the highest is 982002

Eleven days after Nigeria
got her political
independence on October 1,
1960, the Sardauna of
Sokoto, Sir Ahmadu Bello
said, as was carried by the
Parrot newspaper on
October 12, 1960:
"The new nation called
Nigeria should be an estate
of our great grandfather
Othman Dan Fodio. We
must ruthlessly prevent a
change of power. We use the
minorities in the north as
willing tools and the south
as a conquered territory and
never allow them to rule
over us and never allow
them to have control over
their future." – Parrot
Newspaper October 12,
1960.

Believe it or leave it, that is all how it started and this is where we are today

Eleven days after Nigeria
got her political
independence on October 1,
1960, the Sardauna of
Sokoto, Sir Ahmadu Bello
said, as was carried by the
Parrot newspaper on
October 12, 1960:
"The new nation called
Nigeria should be an estate
of our great grandfather
Othman Dan Fodio. We
must ruthlessly prevent a
change of power. We use the
minorities in the north as
willing tools and the south
as a conquered territory and
never allow them to rule
over us and never allow
them to have control over
their future." – Parrot
Newspaper October 12,
1960.
Now, there are important
revelations about the vision
of Sir Ahmadu Bello, as
captured in the above, and
which vision his people have
executed with great
effectiveness for the past 5
decades:
1. Nigeria is an estate of
their great grandfather
Othman Dan Fodio, and so
anyone who does not
descend from their forebear
is a tenant. The vision is to
maintain a tenancy status
for all non-Dan Fodians
dwelling within the
geographical boundaries of
Nigeria.
2. To prevent ruthlessly any
change of order that
wrestles power from the
Dan Fodians.
3. To use and manipulate all
"minorities" of the "north"
as the slaves of the Dan
Fodians.
4. To control the resources
of tenants (non-Dan
Fodians) in their estate
(Nigeria).
5. To resist any form of rule
over the Dan Fodians.
6. To never allow non-Dan
Fodians to have control over
their future.
The pursuit of the above
vision and the brutal
enforcement of this vision
have contributed in the
many crises Nigeria has
faced for more than fifty
years. The connivance of
western powers such as
Britain and the USA at
different stages of our
history for the sake of
protecting their interest has
been a recurring scenario
that has just refused to go
away. Now is the time to
end this subjugation that
has been as insidious as it
has been hidden from the
majority of peoples of the
world, including some
Nigerians.
We the peoples of the
Middle Belt in particular
and non Dan Fodians, in
general, must rise up and
resist this egregiously
inhuman vision with every
sense of pride and purpose.
You can never be wrong in
seeking to be free. Some
have derisively asked the
clear description of the
Middle Belt peoples. Socially
speaking, all non-Dan
Fodians in the geographical
north and central north are
Middle Belt people, the
oppressed people,
deceptively huddled up
under the “One North” of Sir
Ahmadu Bello.
However, geographically, it
is generally acceptable to
many scholars from the
region that the Middle Belt
federation consists of people
in the present BENUE,
NASSARAWA, TARABA,
ADAMAWA, PLATEAU,
SOUTHERN KEBBI, KOGI,
KWARA, NIGER,
SOUTHERN KADUNA,
FCT, SOUTHERN GOMBE,
and the two minority local
government areas of
TAFAWA BALEWA and
BOGORO in southern
Bauchi State.
We the Middle Belt
federation must take charge
of our future. A starting
point is to press for the
rejection and crashing of the
1999 "constitution", which
is a fraud instigated by the
Dan Fodians in order to
achieve the vision itemized
above (1-6). It is for our
children that we must fight.
I have approached some
lawyers to file a symbolic
case on behalf of the Middle
Belt people to declare our
outright rejection of the
1999 "constitution" as a
fraud. But it appears they
are chicken-hearted. Are
there any lawyers, or do you
Middle Belters and our
friends know any lawyers
that will agree to do this? So
long as nothing is done to
change the vision-fortune of
the Dan Fodians, so long
will the Middle Belt people
remain the appendage of the
Dan Fodians.
ACTION POINT: Spread
this information and help us
project this fact of our plight
before the law courts and
the international
community. Our focus is to
compel the convocation of a
sovereign national
conference, where we shall
all discuss whether and on
what terms the various
ethnic nationalities shall co-
exist as one people. We
reject the present
subjugation with all our
strength, with our entire
mind, and with all our soul.
INFORMATION: There is a
muted plan by the Jonathan
government to make the
term of elected officials in
Nigeria to be a single term
of 7 years BEGINNING
WITH those voted into
office this year, who under
the extant relevant laws got
only a four-year mandate of
the Nigerian people. We,
therefore, reject this
contemplation and call on
President Jonathan and his
colleagues to re-direct
attention to the social re-
construction of Nigeria
under a constitutional
conference with
representations from each
nation within Nigeria. If we
don't pile pressure for what
we truly need, we shall get
what we truly don't deserve
—perpetual subjugation,
while a few among the
oppressed are bought over
and manipulated just for a
pot of porridge. A people
that values its safety above
its rights cannot for too long
guarantee that safety, which
is just safety at the pleasure
of the jackals. Now is the
time. Is there not a cause?
Leonard Karshima Shilgba
is an Associate Professor of
Mathematics with the
American University of
Nigeria and President of the
Nigeria Rally Movement.
Leonard Shilgba is also the
Coordinator of the Middle
Belt Federation under the
Middle Belt Coalition
agenda.
25E1C9D9 ping me

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Anybody with better idea?

Theloveth: Havent you heard of google? Asking of ordinary zipcode...nonsense!

I have tried google, this is what i got 00176-0000. It still not working

[quote author=jas_o]Thats what you get in a country whose her citizens have become empty barrel.
the zip code is +234[/quote]Zombie +234 is international calling code not Zip code

I am having problem registering some blogs with zipe code

MyJoe: Katsumoto – Minister for Finance
Ekt_bear – Minister for National Planning
Sagamite – Minister for Ethics, Privileges and Anti-corruption
190 – Minister for Women Affairs and Woman Resources
Ileke-Idi – Minister for Education
Beaf – Minister for Information and Strategy
JeSoul – Ambassador to the US
Seun – Minister for Science and Technology
Jarus – Minister for Youths and Social Development
Aisha – Minister for Social Welfare
Tpia – Minister for Special Duties
Cap28 – Chairman, committee to probe the highly destructive activities of UFOs in Nigeria
Shoot2kill – Minister for Defence
Ibime – Central Bank Governor
Kobojunkie – Minister for Justice and Attorney General

Missy_B – Minister for Food and General Welfare
Dominique - Minister for Health
Morpheus24 – Minister for Foreign Affairs
Becomrich – Minister for Cooperation and Integration in Africa
Ezeuche – Minister for Ethnic Harmony and Integration
Alloy/emeka – Minister for Diaspora and Culture
Honerico – Minister for Sports
Zstranger – Senior Special Adviser on War
Mukaina – Secretary to the Government of the Federation
Debosky – Minister of the Interior
Jakumo – Minister in waiting
Rokiatu – First Lady

Where is federal character and quota system? Or the ministers not for Naija government!

BY EGUFE YAFUGBORHI
PORT HARCOURT — FOUR
police officers were, yesterday,
arraigned before a high court
sitting in Port Harcourt, Rivers
State for allegedly killing two
persons and shooting another
in the foot over a failed
attempt to extort N50 from a
bus driver.
The suspects, ASP Omorogbe,
Inspector Emmason Udo,
Hadiza Musa and Samirah
Ileya of the Abacha Road
Police Station, Obia/Akpor
locality of Port Harcourt were
alleged to have shot the
victims sometimes in 2010
while the driver of the
commercial bus in which the
victims were riding attempted
to escape from the policemen
who demanded N50 from him
at a check point.
They were said to have been
arrested on the orders of then
Police Commissioner who
insisted on their being tried for
alleged killings.
In the suit No PHC/858/2010
filed against the suspects, the
applicant, Ifeanyi Echemazu,
whose mother in-law was shot
in the leg said he took the
action to pursue justice for his
mother-in-law and the two
passengers who died during
the ordeal.
“The suspects thought nobody
was alive to testify against
them in this matter, but Mrs.
Christiana Aliko who was hit
on the leg is here to testify that
those who boarded the vehicle
were passengers and not
robbers as the suspects
claimed,” Mr Chidi Ekah,
counsel to the applicant told
the court.
He added that the driver of the
commercial bus whose
resistance to the alleged N50
extortion provoked the fatal
shooting is also alive to tell the
story.
Justice Georgewill of State
High Court who presided over
the hearing, however,
adjourned the matter to April
23, 2013 to allow the applicant
and defence counsel time to
present more witnesses.

chiover: Is the so called molester too connected in the country that warrants witholding of name??

That's Nigerian poor reporters

The United States should stop
provoking North Korea and
avoid escalating an already
tense situation that could easily
lead to “an all-out war” on the
Korean peninsula, says former
Pentagon official Michael
Maloof.
A U.S. official said on Tuesday
that North Korea might test-fire
mobile ballistic missiles at any
time now. The CNN reported on
Wednesday that the unnamed
official has said the most recent
intelligence shows Pyongyang
has completed launch
preparations.
Provocative acts by the U.S.
have brought the escalating
tensions on the Korean
peninsula to the brink of a war.
The U.S. has flown two nuclear-
capable bombers over South
Korea as part of a military
exercise. It has also sent guided-
missile destroyers to the Korean
coast. Moreover, on April 4, the
U.S. military deployed the 23rd
Chemical Battalion to South
Korea.
“Recently, when North Koreans
began to raise concerns about
the joint U.S.-South Korean
military maneuvers, our
response was to show military
might especially after North
Korea threatened a preemptive
nuclear strike on the United
States. The United States sent
B-2 bombers from the United
States into South Korea for a
bombing scenario just 50 miles
south of the North Korean
border,” said Maloof in a phone
interview with the U.S. Desk on
Tuesday.
“This is the kind of activity that
needs to stop simply because
the United States is militarily
more powerful than North
Korea but it doesn’t need to
flaunt it and it doesn’t need to
be doing things that are going to
agitate an already very sensitive
situation on the peninsula,” he
added.
Some experts say the tensions
on the Korean peninsula are an
excuse for the U.S. to step up its
military role in the region to
encircle China.
In a policy move that has been
dubbed the "Asia Pivot," the
Obama administration has
shifted its priorities to the
Pacific region. Former Secretary
of Defense Leon Panetta has
previously indicated that by
2020, 60% of U.S. naval ships
will be in the Pacific.
This American response is due
in part to the surprising
advancements made by the
Chinese military, such as the
successful developments of its
aircraft carrier, advanced jet
fighters, and more cost-effective
drones

President Obama on Wednesday
proposed a $3.77 trillion budget
for 2014 that would cut deficits
by $1.8 trillion over the next
decade.
Obama's budget blueprint --
which has already drawn
criticism from the left and the
right -- offers changes to
Medicare and Social Security. It
also includes tax increases that
would primarily hit high-income
households and corporations.
The plan calls for greater
spending on infrastructure, early
childhood education and
nondefense research. Those
investments would be paid for
by other measures so that they
don't add to deficits, Obama
said.
"[D]ebate in this town has raged
between reducing our deficits at
all costs and making the
investments necessary to grow
our economy. And this budget
answers that argument. We can
grow our economy, and shrink
our deficits," he said.
The president's budget is late
this year, coming after the
Senate and House have each
passed separate and very
different 2014 budget
frameworks.
While it's not expected to fly on
Capitol Hill, Obama's budget
nonetheless sets an important
marker for continuing debt talks
with lawmakers.
Boost infrastructure spending:
The president's budget calls for a
$50 billion investment to,
among other things, repair
highways, bridges, transit
systems and airports. He would
also create a National
Infrastructure Bank to bring
together public and private
capital for important projects.
Change how inflation is
measured: Obama has already
gotten blasted from the left for
supporting a switch to "chained
CPI," which is a new way to
measure inflation that would
reduce projected federal
spending by slowing the growth
in federal benefits that are
annually adjusted for cost of
living. Those include Social
Security benefits.
His budget, however, calls for
ways to compensate for the
change for low-income veterans,
recipients of Supplemental
Security Income and the oldest
Social Security beneficiaries, a
senior administration official
said.
Chained CPI would also raise
more revenue, since many parts
of the tax code are adjusted for
inflation every year -- including
income tax brackets, the
standard deduction and
contribution limits to 401(k)s.
By 2020, the use of chained CPI
could mean an average tax
increase of $311 among the
nearly 81% of households that
would see a tax increase, the Tax
Policy Center estimates.
The White House estimates that
the switch to chained CPI will
raise $230 billion over 10 years.
Cap value of itemized
deductions: As he has proposed
before, the president wants to
limit the value of itemized
deductions and exclusions for
high-income households.
Normally a taxpayer multiplies
her top tax rate by the amount of
a deduction to calculate the
taxes saved. But Obama would
cap that rate at 28%, which is
below the top two income tax
rates. So someone in the 39.6%
bracket today would save $
39.60 on a $100 deduction.
Under Obama's proposal, she
would save $28.
The proposal is estimated to
raise $529 billion over 10 years.
Enact a Buffett Rule: Last year,
Obama proposed the "Buffett
Rule" as a guiding principle for
tax reform.
The idea: to make sure that
people earning more than $1
million paid their "fair share" of
federal tax -- which he defined
as a minimum of 30%.
This year, he includes a more
concrete version similar to one
proposed in a bill last year by
Sen. Sheldon Whitehouse,
according to a senior official.
That Senate legislation would
impose a minimum 30%
effective federal tax rate on those
with adjusted gross incomes
above $1 million, although it
phases in for those making
between $1 million and $2
million.
Taxpayers would still get a break
for charitable deductions when
calculating what they would owe
under the Buffett Rule.
The proposal would raise $53
billion over 10 years if it were
enacted on its own, without the
cap on itemized deductions.
Impose new limit on tax-
deferred retirement accounts:
Among his new tax measures,
Obama would set a limit on the
tax-advantaged portion of an
individual's savings across IRAs
and other tax-preferred
retirement accounts.
The account balance threshold
would be based on what could
finance an annuity of $205,000
a year in retirement. In 2013,
that would be $3 million, the
administration estimates.
At that threshold, the proposal
would affect far less than 1% of
IRA and 401(k) account holders,
according to estimates from the
Employee Benefit Research
Institute. Depending on how the
threshold is adjusted in future
years, however, that percentage
could rise significantly.
The proposal is estimated to
raise $9 billion over 10 years.
Raise tax on cigarettes and other
tobacco products: Obama is
proposing a new federal tax on
cigarettes to fund expanded
access to pre-K education, which
would cost $66 billion, and
expanded home visits and care
for infants and toddlers, which
would cost $11 billion.
It wouldn't be the first cigarette
tax. In 2009, Obama signed into
law a federal tax increase on
cigarettes to help pay for an
expansion of the State Children's
Health Insurance Program,
which provides health care for 8
million children.
The president's proposal would
raise the federal tax on cigarettes
by 94 cents to $1.95 per pack.
The White House estimates the
tax hike would raise $78.1
billion.
Raise tax rate on investment
fund manager income: Managers
of private equity, venture capital
and hedge funds are taxed 20%
on the portion of their
compensation known as carried
interest, essentially paying the
long-term capital gain rate.
Obama wants carried interest to
be treated as ordinary income, a
proposal he's made repeatedly.
The result: fund managers could
pay a rate as high as 39.6%, or
more than 2.5 times the rate
they pay now.
Reduce deficits by $1.8 trillion:
Obama's debt reduction
proposal comes straight from an
offer he made to House Speaker
John Boehner last year during
their fiscal cliff negotiations.
The proposal would replace the
automatic budget cuts that went
into effect last month.
Close to $600 billion of the $1.8
trillion would come from new
revenue -- specifically the cap on
itemized deductions and the
Buffett Rule.
The other $1.2 trillion would
come from spending cuts: $200
billion from defense and
nondefense programs on the
discretionary side of the budget.
Another $400 billion from
Medicare and other federal
health programs in ways that
largely affect hospitals and drug
companies. And $600 billion in
cuts affecting non-health
spending on things like
agricultural subsidies and
unemployment insurance.
The administration has made
clear the president's deficit-
reduction proposals are not a
starting point for upcoming
discussions. "I've already met
Republicans more than
halfway," Obama said
Wednesday morning.
And officials made it clear there
will be no future debt-reduction
deal unless new revenue is
included.
House Speaker John Boehner on
Wednesday morning gave the
president credit for including
"some incremental entitlement
reforms ... . But I would hope
that he would not hold hostage
these modest reforms for his
demand for bigger tax hikes.
Why don't we do what we can
agree to do?"
Even if Republicans eventually
agree to a revenue component, it
is unlikely the president's
proposals would be adopted
wholesale. But if they were, his
budget would bring total deficit
reduction during his tenure to $
4.3 trillion.

mjconcept: Bomb Northern Nigeria with what?

We shall see. I SWEAR. If we push to the wall!