Posts Tagged ‘Spending’

WOW! I CAN’T BELIEVE IT’S HAPPENING AGAIN

January 3, 2019

As we begin the new year we are once again in a partial government shut down over issues with a continuing resolution (CR). Congress convenes again today with a new majority that is dead set against anything , known and unknown, the current president proposes, requests or demands. With the final accounting of the election, they have vowed to obstruct, deny and delay for the remainder of President Trump’s current term.

We the people should demand that a government wide BUDGET must be passed each and every year instead of allowing our elected employees the opportunity to bicker about appropriation and spending for individual departments and agencies for short terms without regard for actual revenues. Then, after confirmation, approval and signature by the president they can proceed to enact laws, rules and regulations that fit within the parameters set by the revenue projections with all spending within the actual revenue collections and department expenditures held proportionate to that income. There has been no fiscal year budget passed since FY 1997! Thanks to both sides of the political aisle, this is why our national debt is rapidly approaching (if not exceeding by time of publishing) $22 Trillion.

In my career I had to deal with budgets for a few small companies and was the CFO of a private non-profit organization dealing with government contracts and grants. In all cases, it was imperative to work within a designated framework of expenditures against revenue. If business was down, then the spending had to be cut back proportionately.

When the government (federal, state or local) failed to agree on a budget for the upcoming fiscal year we had to adjust the expenditures agency wide to accommodate. The NPO was expected to continue performing the services per the conditions agreed by contract until the governing entity released funds. Many of the the grants were on a cost reimbursement basis (we had to spend the money then request reimbursement for performance). Not all of our dealings with the various agencies followed their fiscal year.

The federal government does not follow the same rules they set for contractors. They declare certain amounts for spending and hope the money comes in to cover those expenditures. If it doesn’t, they borrow from you and me or some foreign country obligating you and me to pay it back through our taxes. Work hard…work two jobs if necessary. Your Congressman needs your taxes.

Once again, the Democrats (and RINOs) in Congress are using our immigration system to stymie the government until they overwhelmingly destroy its foundation. This time, instead of working on the allowance side of the immigration problem, they are fighting the rejection of continued destruction. They are fighting against the president, not on principle but on presentation. They will not allow the man in the White House the opportunity to do something the right way. Instead, they want to continue using a system failed by their own initiatives as an item of debate without resolution.

Please read THE PROGRESSIVE HEAD FAKE and embedded link for related in-depth information.

If President Trump is the negotiator he claims to be, he will not allow this to happen on his watch. His solution is a wall, a big beautiful wall. Granted that is not an all inclusive end to the problem of illegal immigration, but merely a step toward an ultimate solution. It is the first step that must be taken, however, in order to work on a complete fix that will benefit citizens and immigrants.

Hold firm Mr. President.  It’s your only hope for respect and a second term to do what’s right for our country.

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PORK AND OTHER LEGISLATION BY-PRODUCTS

April 11, 2018

It’s simply amazing that we keep asking Congress or state officials to pass rules, laws and regulations to make our lives better. Every new law is written in such a way that the citizens lose something beyond the purpose of the command. Rarely are the laws meaningful to the problem or situation they attempt to address.

Staying away from the insanity of highly charged subjects of abortion or gun control for now, let us take an intelligent look at something simple that our elected officials have imposed upon us. Here I’d like to talk about the calorie labeling off-shoot mandate for fast food restaurants that was part of the Patient Protection and Affordable Care Act. Each restaurant must now have a listing of the caloric content of their products.

I don’t hang out in fast food venues, but when I’m traveling I do occasionally use them for quick sustenance. When the PPACA was first enacted, I noticed a large sign – NUTRITION FACTS – over a brochure holder on a counter. The brochures had a full listing of the calories for all of the foods sold through that particular chain. After looking through one, I asked the manager how often someone picks up one of the information pieces. She laughed and said they put them out three weeks ago and haven’t had to refill the display yet. It was well over half full and that location served hundreds of customers per day.

Again, I don’t spend a lot of meal time in these places, but I have yet to see a slow speed waddler pick up one of the government mandated brochures. I seriously doubt that it would influence the salivation induced by the pictured bacon topped, double meat, double-cheese sandwich with a super sized side of deep fried reconstituted starch sticks and large carbonated sugar drink. *I have, however, heard people ask for a diet drink to make them feel better while gorging on the calorie laden, nutrition free, artery and colon clogger.

The initial cost to food chains was in the millions of dollars for research, government review, printing, distribution and displays. For what? To clutter the counter? To punish the food chains? The people who most need the information are the least likely to care about calorie counting just like people who choose to smoke aren’t influenced no matter how large the info is printed on a pack of individually rolled carcinogen sticks.

However, what you get when your Congressperson or Senator feels the need to solicit a donation from a vocal advocacy group within their constituency is legislation that hurts business, property owners or citizens in general. The elected representatives are able to hide their participation behind numbers of other legislators often in reciprocal sponsorship of likewise unnecessary legislation. Our representatives receive donations and other perks while we lose freedoms and liberties.

And that my friends is called PORK! That is how we got a 2,232 page $1.3 trillion budget that will fund our government for the next 6 months, through September 2018. Nobody bothered to read the bill other than to make sure their personal and political favors were properly implanted.

To be an effective leader, President Trump must take control of the rebellious hill dwellers as well as the rest of the embedded swamp creatures. Since he does not have line item veto power, he must short circuit the ridiculous process, even if it means vetoing all such legislation until Congress becomes reasonable and responsible. Giving away the farm to get one new cow is unacceptable.

CONGRATULATIONS, WE MADE IT! $20,000,000,000,000 DEBT

September 15, 2017

The national debt has finally reached the point of abject irresponsibility. The unpaid debt accumulated in the past decade exceeds that accrued over the 220 years between the Constitutional Convention and 2007. According to the U.S.Treasury <link> the total recorded debt on September 30, 2007 was $9,007,653,372,262.

Each citizen now owes approximately $61,900 to the country in addition to any personal debt. Each taxpayer has an individual obligation to the federal government in the amount of $168,000 (that is after normal taxes are removed from your income, interest and dividends).

Eh, a few billion here, a few billion there…What difference, at this point, does it make?

When an individual decides to accept debt in exchange for satisfaction of their needs or wants, he or she must generally provide collateral to the lender. That collateral might be in the form of a mortgage on their home or other real estate or a provision allowing the lender to access a portion of their income commensurate to not-less-than the amount of regular interest on that loan. Most frequently, the terms include the interest plus the termed pro-rata repayment of principal. In either or any case, the lender wants an assurance that the loan will be repaid.

No such requirement is made of governments.

When an individual or entity such as a company or corporation defaults on their debt, the courts may act on a declaration of bankruptcy and remove a portion or all of the existing debt. However, the borrower is obligated to offset as much of the debt as possible by liquidating physical assets and providing the proceeds to the court. That individual or entity must then resume life without. He, she or it must start from nothing with only a possible ongoing subsistence income to survive. Friends and family may choose to help out for a time, but eventually the particular debtor must assume the burden for their lives, livelihoods and actions.

If and when a federal government defaults on massive outstanding debt, their recourse is to take as much as necessary from the citizens therein to cover the obligation. That might mean converting our businesses, our real and personal property as well as our income and savings to cover the obligations made by our elected officials. We, as a citizens and taxpayers, have no choice at that point.

We had choices when we elected our presidents and representatives over time. We had the choice to re-elect or reject them. We allowed them to fritter the tax money we worked to earn. They did so in often irresponsible ways and against our wishes and principles. We allowed it. We created this problem. At the point of default, we have only us to blame.

That, my friends, is how Communism comes about. Once the government controls the economic infrastructure of a country, the citizens become chattel. Once the government has complete control over our lives and livelihoods, it is a long and tough fight to regain what we now have and complain about.

It is time to make some major changes. There is no longer a defining line between conservatives and liberals when it comes to government spending…it is all liberal spending. The line must be redrawn by making a rapid and colossal change to the failing congress and their process.

It is okay to have two (or more) parties with differing viewpoints offering input to policies and procedures for the nation. However they both, or all, must be reasonable and responsible for the decisions on which they arrive. There must be a cost/benefit analysis done, not just a cost analysis. The Congress must explore and debate the potential consequences of the laws and conclusions as well as the perceived benefits without indicting the opposition or depicting them as evil or insane. But we must accept the responsibility to elect sane and reasonable people to represent us.

Good luck handling your portion of the debt. *BTW, the median household income according to the New York Times on September 12, 2017 <link> is currently $59,039.

Just because a congressional candidate has a (D), (R), (L) or (I) behind his or her name doesn’t mean they always have you in mind when they spend your tax dollars. They, in fact, most often exempt themselves from accountability for inclusion in the laws they write no matter what affiliation they proclaim.

Our current president most likely falls into the Independent category. He is attempting to effect changes from the norm. However, the established and entrenched members of Congress, of all dispositions, are fighting him simply because he is not a homogeneous Washingtonian. They would rather scuff the toes of their wingtips kicking the can (National Debt) down the road rather than taking charge and disposing of it. It might be time to replace the whole team with members concerned for future generations.

 

LIBERALS IN GOVERNMENT ARE CRAZIER THAN THOSE THEY WANT HOUSED AND CARED FOR AT TAXPAYER EXPENSE

December 18, 2016

Liberals constantly show their dementia through their actions. If it’s not taxing workers through health care it’s taxing them at the store or through utility usage. To liberals in government, any amount of money a person or family earns in excess of absolute necessity is “disposable”. Disposable income is surplus income which is best used by liberals in government.

As a young navy recruit, I was advised, “If it moves, salute it. If it doesn’t move, paint it”.

For liberals in government the saying is “If it exists, tax it. If it doesn’t, create it, label it and tax it”. The left simply cannot understand that extracting money from the economy for studies to satisfy the predetermined outcomes of those studies ruins the lives of millions of people. Then, they promote more taxes on the “rich” (that’s anybody with any disposable money) to help those they impoverished through excess taxation. *Note the potential downward spiraling cycle.

New York City’s mayor Bloomberg put a tax on sugary drinks of 16oz or larger. Why? Because they exist and he wanted more money for the city to waste. In addition to the gasoline tax (which, by the way, is greater per gallon than the profit oil companies make), some states have tried to add a mileage tax to the use of personally owned vehicles. Why? Because they exist.

Governor “Moonbeam” Brown of California has a bill on his desk creating a tax on bovine flatulence. For those of you who prefer colloquial vernacular that would be termed cow farts. Yes, cow farts – your average, everyday, run-of-the-mill livestock gas passing! Why? Because ranchers and farmers try to derive a living by providing food and drink to the public through cattle ranching and dairy farming. They exist, therefore there must be a tax. The federal EPA is also trying to drive ranchers and farmers out of business with their own version of the tax.

California has already diverted the agricultural water supply away from the central valley where they once grew crops that supplied the United States and many other foreign countries with fruits and vegetables. Those growers now own barren soil rather than producing nourishing food stuffs. They still pay taxes on the useless land at the highest rate of potential use, they just can’t maximize or even realize the use for which they pay the taxes. After generations of production but with no income and land of little value, some families have simply allowed the state to claim the family farm.

I guess the good news might be there is talk of California seceding from the union. That would mean a savings of billions of federal dollars for the rest of the nation. Well, that is, unless liberals in congress vote to grant foreign aid to the newly formed country and continue taxing the rest of us to pay for it.

IT’S TIME TO END THE CREDIT CARD SPENDING AND PAY THE BILLS

December 7, 2016

For just shy of eight years now the United States has been economically hindered by the distorted interpretation of economist John Maynard Keynes’ twentieth century economic theory. Application of Keynesian economics extended the Great Depression longer than necessary as it has for the recent recession.

Classic economic theory suggests that world and national economies experience rises and falls. Periods of stagnation can be moderated with reasoned spending and by controlling variable expenses. Keynesian economic theory, on the other hand, advocates that increased government spending in times of downturn spurs the economy resulting in shorter downswings. The flawed theory doesn’t work in a personal or household situation and it most certainly doesn’t work for individual states or nations. In fact, the larger the entity and economic platform the more incongruent the premise becomes.

Take the economic basis to the personal level for a moment. If you’re out of work, out of savings and your unemployment ends, your only legal choices are to live off your credit cards or borrow from friends and family to pay your bills. When you begin borrowing to continue spending more than you can repay, this is called deficit spending. Increasing that spending is simply beyond foolish. To continue this path without obtaining gainful employment or other legitimate income sources, severely limits your choices. When debt increases and money shuffling through borrowing and making minimum payments is no longer an option, selling your assets and bankruptcy become reality.

Governments have opportunities that individuals do not. They can print more money to cover their debt. You cannot. However, when the government prints more money, each one of your dollars, each one of your pennies is worth less. Therefore. it costs you proportionately more for groceries, clothing, gasoline, heating and cooling…everything. They can take more of your money in the form of taxes, levies, tolls, etc. You, on the other hand, have to make do with less or borrow more without concern for repayment.

For eight years now we have had a government that spends without concern for repaying the lenders. Congress is complicit, if not primarily responsible for repressing economic growth by allowing this to happen. Each bill passed with government spending appropriations only stagnates growth, indebts each American and prevents GDP increases.

It’s time to free the reins and allow the private sector to flourish. It shouldn’t matter if those at the top also benefit. Let them elevate their status as long as the rest of us increase ours!

Let’s treat the national economy as if it were a for-profit business we care about. Let’s stop the useless spending on studies to justify more spending. Let’s stop the deficit spending and begin reducing the debt. Let’s make government (agencies and departments, teachers, public works employees and everybody receiving taxpayer funded paychecks) accountable for performance. Let’s make public wages and salaries merit based.  Let’s downsize (or rightsize) the government and allow those non-critical employees an opportunity to contribute to the economy in the private sector rather than burdening it.

LET’S MAKE AMERICA GREAT AGAIN!