Tag: federal deficit

Responsible Spending Perhaps?

I try not to get too political on my blog, but sometime I can’t help it. I love my country and do not want to see it destroyed by irresponsible leadership.

Did you know that originally you had to own property to vote in the U.S.? Do you know why that was? It was because taxes were based on your property and it was important that property owners had a say in how much they could be taxed on their property!

Today, voting and the voter registration process has morphed into nothing more than an attempt to grab more power. We don’t let 16-year-old kids fight wars, drink alcohol, buy guns, or get married because their rational brain is not fully functioning yet and they can easily be led. How many really think letting a 16-year-old vote is a great idea? If you do, I’d have to really question your motivation!

Is your vote for sale?

With the 2020 election looming in the future, irresponsible politicians are up to their same old games, promising things that the Federal Government cannot afford to provide in an effort to buy votes. Free healthcare, free college, government funded savings accounts, and guaranteed minimum income payments. Each politician seeking to be elected or re-elected stridently trying to out-promise the others in an effort to buy your vote. Truly … an example of pandering of epic proportions!

Do you really believe we can tax our working citizens enough to pay for all this?

Let’s Fact Check the Fact Checkers!

On February 1, 2019, an economics professor at Duquesne University tweeted a statement that said the following:

responsible spending

Some fact checkers immediately labeled this as a false claim. However, the number of billionaires, their estimated net worth, and the costs of running the government for the time period the professor used for his calculation support this claim.

Davies used figures from 2016, pointing at Forbes estimates of 540 U.S. billionaires worth $2.4 trillion, and he used the CBO’s report of federal outlays for FY 2016 of $3.9 trillion which would give an average of $2.6 trillion for eight months.

The reason this tweet was labeled false is that the number of billionaires and their net worth change constantly.

Many people will become richer or poorer within weeks, or even days of any publication due to changes in stock prices and exchange rates. For example, on July 27, 2017, Amazon founder, Jeff Bezos, was indeed the richest man in the world … for a few hours.

Forbes has identified additional billionaires since 2016, and their combined estimated net worth could fund the government longer than eight months. So, the tweet is labeled as FALSE.

Are you kidding me? So, now there are enough billionaires to fund the government for 9 months, 12 months, or 18 months? The point Antony Davies was making is accurate and valid to this day. The claim, by fact-checkers, that his statement is false is misleading at best.

So, say you tax all the billionaires at a rate of 100% and fund the federal government for, let’s be generous and say three years. What then?

Who do we tax next?

As Margaret Thatcher so clearly stated, “The problem with socialism is that, sooner or later, you run out of other people’s money.”

We would need to tax the millionaires, then the middle class, then the poor. At this rate, in 10 years we’d all be broke! Can you say Venezuela?

Some claim paying taxes is our patriotic duty

Perhaps it is. I have no problem with paying fair taxes to support the expenses of the federal government.

However, before they raise taxes even one iota, they need to ensure that they are acting as responsible stewards of taxpayer money!

Do any of you see any signs of that? No? Then why should we let them take more of our money?

Perhaps if the federal government demonstrated and practiced responsible spending habits, some of the federal deficit and current budget issues could be avoided. Perhaps they could start by cutting wasteful spending. Here are a few of my suggestions worth looking into:

  • Despite trillion-dollar deficits, last year’s 10,160 earmarks included $200,000 for a tattoo removal program in Mission Hills, California; $190,000 for the Buffalo Bill Historical Center in Cody, Wyoming; and $75,000 for the Totally Teen Zone in Albany, Georgia.
  • The Securities and Exchange Commission spent $3.9 million rearranging desks and offices at its Washington, D.C., headquarters.
  • Members of Congress have spent hundreds of thousands of taxpayer dollars supplying their offices with popcorn machines, plasma televisions, DVD equipment, ionic air fresheners, camcorders, and signature machines — plus $24,730 leasing a Lexus, $1,434 on a digital camera, and $84,000 on personalized calendars.
  • Fraud related to Hurricane Katrina spending is estimated to top $2 billion. In addition, debit cards provided to hurricane victims were used to pay for Caribbean vacations, NFL tickets, Dom Perignon champagne, “Girls Gone Wild” videos, and at least one sex change operation.
  • The state of Washington sent $1 food stamp checks to 250,000 households in order to raise state caseload figures and trigger $43 million in additional federal funds.
  • The National Institutes of Health spends $1.3 million per month to rent a lab that it cannot use.
  • Congressional investigators were able to receive $55,000 in federal student loan funding for a fictional college they created to test the Department of Education.
  • The Conservation Reserve program pays farmers $2 billion annually not to farm their land.
  • More than $13 billion in Iraq aid has been classified as wasted or stolen. Another $7.8 billion cannot be accounted for.
  • The federal government owns more than 50,000 vacant homes.

These are just a few of the many examples of past government financial inefficiencies and waste. Before you try to take more of my money, be sure you are spending the money you already take wisely!

The Code Pink Stink!

Code Pink

Code Pink Stink

What is it with these left-wing numbskulls in Berkeley? Berkeley erupted in violence Tuesday morning when the communist, terrorist-supporting, feminist anti-war group, known as Code Pink, crossed into Martin Luther King Park and assaulted peacefully demonstrating pro-troop individuals Berkeley police stood by and watched, but did not stop the assaults.

Police agencies did not respond to calls for help from the peaceful demonstrators.

The Peoples Republic of Berkeley’s city council passed several resolutions, one to send a letter to the U.S. Marines telling them that their recruiters were “unwelcome intruders’ to the city.

The public outrage at Berkeley’s actions prompted them to reconsider their resolution and to not to send the letter. But they still consider the Marines unwelcome intruders.

Move America Forward, the nation’s largest pro-troops organization, received permits from the City of Berkeley to stage a day long demonstration in MLK Park to protest the City Council’s three outrageous resolutions.

It is fruitless to point out to these left-wing liberal wackos that they are protesting the very same Marines who would voluntarily fight to the death to defend their lunatic right to have this anti-American and rather treasonous viewpoint. You just can’t argue with the stubbornly stupid!

Protesting the War on Terror is one thing. I get that! I might not agree, but I get it! However, denigrating, hating, insulting, and calling for the murder of our nation’s young men and women who volunteer to serve our country … and put themselves in harms way for our protection and benefit is another! Maybe we should just load all the Berkeley fruit loops up and ship them to Iran. I am sure Ahmadinejad would be very sympathetic to their cause … or, better yet, he may just cut their tongues out.

Economic Stimulus Joke

Stacks of Money

We, as Americans, have sunk to a new low … economically speaking. Panic over a slow down in the growth of the economy has caused the anti-bush coalition to run around screaming recession, and as a result we now have a new economic stimulus package.

Every taxpayer is going to receive a whopping $600, or $1,200 for a couple, and don’t forget the $300 per kid. This is supposed to help us ease our financial woes and, of course, to bribe us vote to re-elect our local incumbent representative or senator … you know … the one who felt our pain and kicked us a little mad money.

But this kind of government meddling is not the cure for our economic woes. It is the root cause!

The real facts are that the key economic activity that causes economic growth is not consumer spending … but production. The real truth is that consumer spending is slowing because production is slowing.

Production does not require stimulation from the government; it needs liberation from government meddling. A productive, healthy economy requires a government that restricts itself to protecting property rights, and refrains from meddling in free production and trade

Folks, it is our own financial irresponsibility that has gotten us into this mess (can you say sub-prime mortgages, credit card debt, no savings, and living beyond our means).

The government must take some blame for the current sub-prime mortgage disaster. After all, the Federal Reserve wrought havoc with the markets by manipulating interest rates, first setting them below the rate of inflation and then quintupling them.

This policy fooled many sub-prime borrowers into thinking that if they took out mortgages tied to federal interest rates, they could afford homes that they normally wouldn’t be able to. In this way, the Fed’s artificially low rates fueled a borrowing spree and housing bubble that were instrumental in the sub-prime disaster.

Then there is the housing entities backed by the government, like Fannie Mae and Freddie Mac. These entities were big champions of sub-prime lending and big supporters of the idea that everyone needs to own a home to live the American Dream.

Because of these influences, it is no wonder that so many people with poor credit bought expensive homes that they new they could not really afford, and that so many less-than-ethical financial institutions loaned them the money. And … it is no surprise that all hell broke loose once the unsustainable could no longer be sustained. In a free market market, private lenders and borrowers simply don’t act like this.

The government’s borrowing more money and increasing the deficit … just to give us each $600 each … is nonsense. What will that get you: a few weeks’ groceries, maybe make a car payment, or buy some new toy? Our government wants you to go out and spend that $600 to artificially improve economic figures in the short term. This is a sad joke and we will still have to pay the piper in the long run!

If the government, in order to appease fiscal alarmists, is going to give me $600 … I guess I will have to take it. But, if you are smart … you will bank the $600… or pay off some debt!

An economic stimulus package that included drastically cutting government regulation and spending (and thus taxation) is almost unimaginable … and that, my friends, is so, so sad!

Deficit Danger

End The Deficit

One problem that concerns me about the deficit more than its actual size, is that we are letting countries like Saudi Arabia and China buy our debt. The government can handle the deficit through various means such as reducing out-of-control spending, cutting taxes, spending our tax dollars wisely, creating jobs, leaving the economy alone and letting it grow, etc.

One thing many Americans forget to consider about is that Saudi Arabia, China, and several other nations are busily buying up our national debt. Some argue that this is a good thing because it ties their economies to ours, and helps to ensure their interest in a strong American economy. Well, sure it does! But … where do the interest payments go, were do the profits go when the economy improves and the deficit comes down … to Saudi Arabia, China, and those other nations. Does anyone else see a problem with this situation. I certainly do! We need that interest and those profits to stay in our economy … not leave for foreign shores. Think about it!

Immigration

Immivasion

Immigrants, not Americans, should adapt. I sick and tired of the “politically correct” left-wing liberals constant worrying about whether we are somehow offending some individual or their culture. After the terrorist attacks on 9/11, we experienced a real surge in patriotism by the majority of Americans. However, as soon as the dust from the attacks had begun to settle, the “politically correct” left-wing liberal crowd again began its nonsense about the possibility that our patriotism was somehow offending others.

As I have stated before, I am certainly not against immigration, as long as it is LEGAL immigration After all, our population is almost entirely made up of the descendants of immigrants. These immigrants came here, worked hard, learned English, and became proud Americans. However, that is not the case with many of these new and often, illegal, immigrants and I think there are a few things that those who have recently come to our country, and apparently some that were born here, need to come to grips with.

This idea of America being a multicultural community has served only to dilute our sovereignty and our national identity. As Americans, we have our own culture, our own society, our own language and our own lifestyle. This culture has been developed over centuries of struggles, trials, and victories by millions of men and women who have sought freedom.

We speak ENGLISH, not Spanish, Portuguese, Arabic, Chinese, Japanese, Russian, or any other language. Therefore, if you wish to become part of our society, learn the language!

“In God We Trust” is our national motto. This is not some Christian, right wing, political slogan. We adopted this motto as a nation because Christian men and women founded this nation on Christian principles. This is clearly documented if you simply look. It is certainly appropriate to display it on the walls of our schools and other public buildings. If God offends you, then I suggest you consider another part of the world as your new home, because God is part of our culture.

If the American flag offends you, or you don’t like the National Anthem, then you should seriously consider moving to another country. We are happy with our culture and have no desire to change, and we really don’t care how you did things where you came from. This is OUR COUNTRY, our land, and our lifestyle.

Our First Amendment gives every citizen the right to express his or her opinion … and we will allow you every opportunity to do so. And … our second Amendment helps us to insure that we get to keep the First Amendment. Once you are done complaining, whining, and griping about our flag, our pledge, our national motto, my guns, and the American way of life, I would strongly encourage you to consider taking advantage of another American freedom, THE RIGHT TO MOVE.