Cliff's Notes…on Real Estate » national debt

Comeback America…part 4

Cliff Keith — Thu, 18 Mar 2010 22:03:09 +0000

“What The Past Tell Us”.

Redwood City, CA: Current history demonstrates how a “Super Power” like USA can fall. You don’t have to look any further than 1985 when Mikail Gorbachev came to power of the USSR. Gorbachev campaigned on the platform “reenergize of the socialist empire”. You know what happen 7 years later…the wall came down and so did the USSR as we had know it.

Like the USSR, American needs to “remember, without a strong economy, a nation’s international standing, standard of living, national security, and even domestic tranquility will suffer over time. It would be a good thing to learn from the Russians on this one.

One great thing about Americans is we are resilient! If we return to the principals and the values that made us a great nation we will be fine. We need to become once again…strong, smart, and flexible enough to keep our predominance in the world.

Americans need to accept and subscribe to the two notions stated by Thomas Jefferson. We need to support our government programs that really address our core aims as stated in the Preamble of our Constitution. These core aims help and are good for us. Secondly, we need to get rid of government programs that are ineffectual and/or contrary to our national goals! By doing so we will be allowed to allocate resources, (people, money, time), to targeted programs that will better serve all Americans.

Americans needs to be realist about how we spend our money. Can we afford this program or not? Can we sustain it over a long period of time? Some programs may be great in theory; however, if you can’t answer yes to the 2 aforementioned questions then the program should be shelved until which time a double yes can be answered.

Once again, as Thomas Jefferson said, “It is incumbent on every generation to pay its own debt as it goes.” It’s time now for Washington to start making touch choices and showing some tough love towards our economy!

There have been many countries throughout their history who have survived great obstacles and turmoil. Just look at Germany and Japan post WWII. More recently look at China and how it has gotten past its “stagnation, foreign interference, and social experimentation to reclaim their place on the global stage today”.

“No republic in history has shown more resiliency and adaptability than the United States of America.” We have the know-how and the strength to maintain a great standing in the World. What it will take though is behavioral modification on the part of Washington and Americans. We all need to wake up and smell the roses! Currently, our American rose stinks economically. And we need to all agree it stinks and we collectively need to do something about it. We need to move in a direction to implement the necessary step to make our American rose’s aroma to once again be admired, respected and remembered by all. Wouldn’t that smell nice?

Here is something you may want to look at and help yourself become part of the solution. Federal Financial Irresponsibility Index:

What’s Ahead For Mortgages?

Cliff Keith — Mon, 15 Mar 2010 21:32:39 +0000

Well folks, it looks like at the end of the month, March 31, 2010, the Federal Reserve is going to stop buying mortgages backed securities. This translates to you and me: higher interest rates. If they inch up over 1% hold on tight because we could be headed towards the steepest roller coaster ride yet.

On the other hand if that happens look for the government to step in and start buying again. It will show them that they need to spend more than the 1.25 Trillion Dollars that they have already spent. BTW that’s yours and my money they are spending.

Problem is some damage will be done that could have been diverted if we start doing some smart things. You know things like transparency of lenders along with accountability to include halting those heafy bonuses they give each other. Let’s fix the process first guys and gals uh?

Recommendation: Buy your home or refinance your mortgages TODAY!

TIPS on buying a home: http://www.WoodsideRealEstate.com Please log in and click the the buyers’ button.

Who are the “BAD GUYS” here?

Cliff Keith — Wed, 10 Feb 2010 01:27:03 +0000

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….

Cliff Keith — Sat, 06 Feb 2010 22:49:50 +0000

“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!

Cliff Keith — Wed, 27 Jan 2010 23:50:24 +0000

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

Cliff Keith — Tue, 26 Jan 2010 05:33:43 +0000

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?