Archive for the ‘ Economy ’ Category

Who are the “BAD GUYS” here?

Click the link below and see how The Goldman Sachs Golden Boys have tricked the Amercian people once again with their new front company: OneWest Bank.

Click Here: This should make your blood boil!

Is there any reason why everyone should not be angry and want these guys tared and feathered and then run out of town on a rail?

“Comeback America” by David M. Walker part 3, cont….

“Big Government, Low Taxes”

Our nations capital has forgotten to they work for “We the People”. Our founding fathers diligently worked to create a government, which prevented our new government from “European-style privilege and bureaucracy that they had escaped.” They knew they could expect corruption in government and they felt serving the public interest was more of a politician’s role.

George Washington, John Adam, Thomas Jefferson and Ben Franklin believed being a politician was a civic obligation and NOT a full time occupation. Today’s politicians don’t feel or act that way. They are influenced by special interests, and lobbyists, which may or may not have the nations best interests at heart. Including their, personal ethics and public morality. This has caused America to lose good leadership. We “face a serious leadership deficit-one that was not there at the birth of our republic.”

“We have lost our way in developing the ideas at the root of American political thinking in the early days—limited government. Instead today we have created a big government. One who runs up a huge deficit budgets, year after year, to the point where “We the People” will not be able to pay off this enormous commitment we are incurring within our own lifetime. Our children and grandchildren will have to take on our burden along with their own. Their standard of living will be decreased and this will be the first time in American history one generation passed on undo hardships.

In the 1990’s in America statutory budget controls were enacted to side skirt this trend. It was called the PAYGO RULES: which put caps on discretionary spending increases, and paid offs any new spending or tax cuts within 10 years. PAYGO RULES expired in 2002. The most important provisions of these rules, IMHO, were that they gave the basis for our Congress the opportunity to say NO to demands by special interest groups and their big contributor constituencies. Maybe PAYGO RULES need a rebirth?

Your comments are encourage. More to follow.

Feds leave key rates unchanged!

The Board of Governors of the Federal Reserve System have decided to leave the key rates unchanged. To read the full article click this link.

This is a bandaid approach to our economy but will help in the short run.

Comeback America…part 2 1.25.101

part 2: It is all about how our government collects money, mainly through taxation, and how they spend our taxes in governmental operations, programs and benefits. The decisions on how much taxing and how much spending is called fiscal policy.

Fiscal Policy is all about managing our nation’s finances properly! Our government, all three branches, have been making fiscal policy decisions that are very bad. And we as a citizen have to get our fiscal house in order through our elected and appointed officials. THERE ARE SOLUTIONS!

Two types of of spending: 1. Discretionary Spending. 2. Mandatory Spending (NO CONTROL and consists of about 60% of the Federal Budget, which includes Social Security, Medicare, and Medicaid).

Q.) How bad has our National Debt gotten? A.)’07=161B, ’08=455B. ’09=1.42 Trillion! or 9.9% of our G.D.P.. (Figures from O.M.B.) What does a Trillion Dollars look like?

Comeback America!

I have recently started to read a book by David M. Walker entitled Comeback America. Turning the country around and restoring fiscal responsibility. I am excited to be reading this book as if offers not only information on what went wrong with the US economy but also how to fix it. It’s an easy read and anyone who is older than a 5th Grader should be able to read and understand.

The book is intended to promote “basic principal values like thrift, personal responsibility saving and our stewardship obligation to shape the future for our next generation that is better than our past”. It will go on to explain how the “political system has failed to guard our nation’s financial health”. (What a great sound bite!)

If anyone has any comments or suggestion you are encouraged to comment below.

Thank you.
Cliff Keith

http://www.LovelyRedwoodCityHomes.com


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