Showing posts with label balanced budget. Show all posts
Showing posts with label balanced budget. Show all posts

Thursday, October 14, 2010

Obamaville October 14 - Ask Pelosi not Republicans for Budget Cuts!

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Why do the liberal media and Democrats in the House and Senate keep complaining that Republicans will never give ideas on how to cut the budget? They make it sound as if there is some conspiracy of silence as a result.

If I were a Republican, which I am not, I would remind the liberal media and incumbents who are running scared that Nancy Pelosi, yes the Democratic Speaker of the House, is responsible for passing the federal budget, not the Republicans. I would also remind them that Nancy Pelosi has been in charge of the budget FOUR years running, not just two since Obama got elected.


They seem to forget the last two years of the Bush Administration it was Speaker Pelosi and a Democratic majority in the House in charge of the largest deficit increase in history before Obama took office and promptly shattered the record the last two years.

Okay, so the Democrats have been in charge all through the massive deficits of the last two Bush years and first two Obama years. What about the current budget for next year that was due last October 1, what cuts did the Democrats approve now that they control EVERYTHING in Washington?


My friends, the United States of America, under the leadership of Obama, Pelosi and Reid, has NO APPROVED BUDGET for the current fiscal year. No budget, no cuts, no guts to even pass a budget. Why doesn't the liberal media attack this truth? Why doesn't Obama demand itemized cuts from his fellow Democrats who are Constitutionally responsible for passing the budget and have ignored their duties?

Truth seems to be in awfully short supply in our nation's capitol. I trust at least the people know the truth.
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Tuesday, July 20, 2010

Democrats Can't Pass Budget - Republicans Can't Tell Budget Cuts - What to do?

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So we have a stalemate in Washington, what else is new? Since neither the majority nor minority party has demonstrated any leadership to date on controlling our budget maybe they would like to hear from the people about how to go about balancing the budget.

Here is my primer on how to get control of America, our budget deficit and national debt.

1. No Congressman (House or Senate) should be allowed to vote on any bill benefiting their campaign contributors. A very straight forward law to prevent conflicts of interest. It should be illegal to vote on bills where the congressman received campaign money from a special interest. Such a rule does not exist and is long overdue.

2. Consolidate half of the overseas military bases in the USA along the Mexican border bringing home - 20,000 - 25,000 troops and support staff to each of four new bases, one in Arizona, one in New Mexico, and two in Texas strategically located along the border to discourage illegal immigration.



Over 1 million American troops are stationed overseas and NOT in a war zone. By relocating a total of about 100,000 troops back to America we would save billions of lost dollars and substantially reduce the cost of keeping troops overseas. A second phase of this relocation would be to bring home an additional, 500,000 troops over the next five years.

3. Require pharmaceutical companies to provide prescription drugs for 25% less than currently charged for the Medicare and Medicaid programs the first year, and an additional 25% less the second year. If they resist get generic drugs.



4. Require health insurance companies to reduce premiums by25% through eliminating unnecessary testing and treatment and adopting tort reform.

5. Create a National Trust for National Parks as a private, profit making enterprise and require the selling of stock to purchase these national treasurers and make them more profitable. Make stock available to all citizens allowing the purchase of trust stock with tax refunds and other incentives. All National Parks should be highly profitable and services could be expanded with private capital available for expansion. This could save raise several billions in the purchase of the Park property by the private trust and the profits from the operation could earn stock holders significant annual dividends. Right now there is no way for the average citizen to earn a fair return on their money.



6. Reduce foreign aid by 50%.

7. Establish small business development initiative to encourage rapid expansion in small business and innovation. Among components would be free patent service for small business, free trademark service for small business, free laboratory testing of small business products and a senior corps of retired business executives to consult with small business owners. This would eliminate some of the prohibitive start up costs of small business encouraging more hiring and expansion. The cost to the government would be more than offset by the increase in taxes paid by the businesses.

7. Offer free medical insurance to anyone agreeing to work beyond the Social Security retirement age of 62 or 67. Raise the retirement age to 65.



8. Undertake a one year review of all government expenditures, waste, duplication and lack of legal authority for the existence of programs with a goal of reducing agency costs by 15%. This review would give the agencies a chance to offset losses with cost efficiencies and elimination of waste.

9. Expand charter schools to 50% of all public education students within three years establishing performance standards on the charter schools and requiring them to give first preference for teacher hiring on displaced public school teachers.



10. Require an economic impact statement on all new expenditures which documents the legislative right to fund the program, identifies a five year budget for the new initiative, identifies the permanent funding source for the program, and determines the cost analysis of hiring employees versus contracting out for the service.

This is part one of my program to balance the federal budget and begin to eliminate the national debt. I welcome all other ideas from readers to help our congress do the job we elected them to do.

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Thursday, July 01, 2010

New Jersey Governor Christie Leads Nation Toward Economic Sanity

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Since stunning the political pundits and national media with his victory last November over the state and national Democratic machine, New Jersey Republican Governor Chris Christie has been leading the state through a tea party revolution that has changed the fortunes of the state for many years to come.



After 18 years of Democrats running the state, during which time two governors were tossed from office for corruption and corrupt secrets, Christie inherited a pretty bleak mess. There were 115 tax increases by the Democrats over the past 8 years. The state had a deficit of $11 billion. Jersey had the highest property taxes in the nation and highest corporate taxes in the Northeast.

For the first time in decades Jersey lost it's leadership position for population gain and job development in the Northeast and the population of Jersey was actually dropping. State union pension and health care benefits, the highest in the nation, were crippling the state budget and out of control.



When Christie proposed his new budget with $11 billion in cuts the special interests for the unions spent millions of dollars in television ad campaigns misleading the public on the budget, clearly adopting the Obama strategy of spending hundreds of millions of dollars to influence votes on social policy issues.

Christie took his impossible fight directly to the citizens of all the towns in the state and the citizens gave him what the politicians did not have the guts to pursue, support for a major overhaul in the New Jersey budget.



In the end Christie overcame the odds and fierce opposition and got 99% of everything he requested in his budget and cuts. A $29.4 billion balanced budget was intact and even some prominent Democrat politicians put partisanship behind and supported the Governor's budget for the good of the state, people like Mayor Corey Booker of Newark, a rising star in the Democratic party.

For the first time in history all state employees and teachers will pay one and one half percent of their benefit costs, still far below the national average. Unemployment benefits will no longer be paid to workers who were fired for drunkenness, drug abuse or stealing from their employers.

As the Governor said, "New Jersey has changed and is now a contribution society, not an entitlement society."



With the huge budget and deficit victory and public support now behind him Christie has set his sites on a Constitutional cap on property tax increases of 2.5% maximum to stop local governments and school districts from their reckless spending habits and spiraling property tax increases.



Thanks to the relentless pursuit by the governor of his campaign promises to end the political nonsense and get New Jersey back on the road to greatness there is a very good chance the Garden State will be in full bloom again soon.



By the way, government belt tightening is not all the governor delivered, he also has lost 35 lbs. since taking office, another promise he made on national television.

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Wednesday, July 30, 2008

What happens if the USA has a Financial Meltdown?


If any other nation of the world faced the financial disasters we faced the last year from the oil price spiral to the housing catastrophe, the doubling of food prices to the largest budget deficit in history they would have been foreclosed, bankrupted and sold at a sheriff's auction.

The leaders would have been strung up from the nearest lamp pole, the people would be rioting in the streets, there would be a breakdown of authority and anarchy would rein supreme. So why are oil prices in a free fall, the stock market soaring, people calm and politicians still in office?

There is one intangible in economics that defies all rules of accounting and all standards of financial integrity. It is an intangible that stands in the face of common wisdom and sinister manipulation. It makes executives buffoons, analysts liars and politicians fools and in the end stands in defense of the helpless and silent majority called citizens.

It is the spirit of a nation born out of revolution, hardened by civil war and awakened by world wars. It is the spirit of freedom that guides the United States and makes it the envy of terrorists and financiers, the super rich and despots, warmongers and human rights violators, and all of those whose lives are grounded in evil and motivated by greed.


The American Spirit has withstood the test of time and the trials of sacrifice and never faltered from its ferocious defense of freedom, protection of human rights, its sense of fair play, its tolerance of diversity and its foundation in spirituality. True spirit can only come from a higher force like spirituality, a fact our Founding Fathers knew well and our current leaders keep trying to forget.

The United States is not old, it is still young and it will never lose its youthful enthusiasm because our Founding Fathers made it a living, breathing modern nation the day they adopted a Constitution that was the first in world history to be first person present tense.

The USA is the richest, most powerful and still most generous nation on Earth no matter who is the present pretender to the American seat of power (the president) for in truth the president and congress work for the people.


Our nation, under God, has evolved and grown for 232 years making it one of the oldest continuous forms of government yet one of the youngest nations in world history. Our role in the world far surpasses that of being a super power. People want what we have and we buy from others what we need and the result is an economic system that is the most unique, yet most stable in history.

I mentioned in a recent banking article how 15 of the top twenty banks in the world are from Europe. Two others are from Japan, meaning 17 of the top 20 banks in the world are from other nations leaving just 3 of the top 20 from the US. Yet the profits and losses of all those world banks are dictated by the US economy, no one else.

The world would be bankrupt if the US was bankrupt. The vast majority of money in the world is driven by the US economy, what the US needs and what the US generates, and the nations of the world, like it or not, would fade away and die without access to our markets, goods and services.

That is not an indication of arrogance but a statement of fact. We are in a financial mess but one we have faced before and when our leaders prosecute the crooks including those sitting next to them in our seats of power the system will heal and the world will be stabilized for a time.

Pay no attention to the purveyors of doom and gloom in the corporate boardrooms or on the evening news. They do not share our agenda. And we do not share their agenda. In the end they cannot win as their motives are not pure and their actions are not good.

Those that have tried to use the resources of America for personal gain will be stopped. Those whose greed drove them to manipulate markets, fix prices, corrupt associates and bribe officials have had their moment, even disrupted the world economy in the process.


In the end all the true enemies of the US are dependent on the US and cannot allow our country to fall into ruin. We have the only economy capable of making them billions of dollars and of protecting their trillions of dollars of investment in the US. The Spirit of America remains a beacon drawing the people of the world to us and that spirit will continue to dominate the world until it has spread throughout the world.