Showing posts with label government. Show all posts
Showing posts with label government. Show all posts

Saturday, October 17, 2009

Like the idea of government run health care? Go pick up your mail.

A couple of weeks ago I stopped by our local Post Office to check our company mail box. One of the items we received was a letter from someone in Florida addressed to the Social Security Administration.

Given that the P.O. Box on the address was the same as ours, at first I didn't think much about it. But, being the curious person I am, I really took a good look at the address as I walked to the miss-boxed mail slot nicely provided by the post office for errors such as this.

The letter was supposed to have gone to Wilkes Barre... Pennsylvania. I'm in Georgia. I decided this was probably a pretty important, possibly deadline oriented piece of mail so I stood in line to personally hand it to someone at the counter rather than stick it in the bin for incorrectly boxed mail.

I looked it over closely while I waited. Based on the handwriting I "assumed" it was written by an older woman. I figured she probably wrote the wrong zip code... but nope, it was correct (18702... ours here starts with a 302...). The postal worker and I both looked closely and everything was correct, except the encoding at the bottom. Some worker along the line encoded the zip incorrectly, or maybe a machine read it incorrectly. No one had looked at anything other than the P.O. Box number when it ended up at my post office.

The postal worker I was talking with crossed through the incorrect encoding and said she'd send it on correctly.

While standing in line I wrote down all the ladies info from the letter, thinking I'd drop her a note to let her know it was miss-boxed, miss-directed, miss-labeled and delayed. Then, of course, completely forgot about it by the time I got home. Until yesterday when I stopped by to check my post office box again, only to find the same letter once again waiting for me.

Yup, your government workers at work. Can you imagine what government run health care is going to look like?

I remember working at the Federal Home Loan Bank (FHLB) in Atlanta as supervisor over an area that received quite a bit of mail. Banks would send us all their bank information for processing, including their customer's checks and bank statements for matching.

One November a whole batch of bank statements from an Alabama institution went missing. We ended up recreating everything and moving on. We were used to having the post office delay or lose mail.

What makes this one interesting is that one year later, in November, the statements arrived from the post office. They had the original date stamp from the bank mailing machine of the first year, plus the post office date stamp from the first year when mailed. A full year later, on the day it would have, should have, arrived a year earlier, it appeared at the FHLB!

That may have been one of the strangest I remember, but as said, it was fairly commonplace given the volume of mail we dealt with to have delays and problems.

When they cram this health care bill down our throats and it goes into effect in a few years, we better hope that we stay in good health.

Note: I'm working on two more blogs referencing "government run" incompetence, one to do with government run flood insurance (that'll curl your toes) and the other with what happens when you're mandated to move from private insurance to Medicare. No, I'm not there yet, but I sure know some people who've gone through it over the past few years... after hearing what they've gone through, I do not look forward to the day when I go through that nightmare transition.

Thursday, September 24, 2009

Obama and Saving Newspapers

Next on the bailout agenda is the bailout of newspapers. I was framing a blog in my mind about the issue when I came across the article below by Michael Reagan. He pretty much touches on most of the points I was going to include, but you know I still have to expound, pontificate, blather a little bit...

The world of the news is changing. We're going through a shift that is rather like the industrial revolution and every other change that has occurred due to new innovations. People are in the process, especially the "next generation", of moving from the printed page to the Internet. (To my green friends: isn't that better than killing trees and wasting energy for printing, etc., etc.). I think we'll always love the printed word on paper, but maybe that's just 'cause I love to curl up on the couch with a good book. I'll have to admit that I get all, very bit, of my news from the Internet though.

Unfortunately, there doesn't seem to be a whole lot of revenue making abilities on the Internet... yet... (although we're doing pretty well most days at the Fayette Front Page, Georgia Front Page and Arts Across Georgia ;-). It'll come. At least it'll happen as long as government keeps their mitts out and allows the free market to do its thing. (side note: check out the "net neutrality" issue)

One surprising fact, or not so surprising if you lean conservative, that Mr. Obama always seems to overlook is that the more conservative leaning news print vehicles are actually thriving. Ditto on television. The failing big-guy newspapers aren't paying much attention. They'd rather go down with their bias than survive I suppose... well, guess they're not going down as long as the President is willing to bail them out, huh?

One big issue for me, aside from throwing our tax dollars at yet another business that can't hold its own, is the so-called "freedom of press" issue. We've seen the President and pals meddle overmuch in the auto industry, the banking industry and they're worming their way into other businesses and industries as I type. What happens to the writing at a newspaper when their very existence depends on government hand-outs? Ya think they're going to print the "party line" or the facts if they hurt their chances of hanging onto those federal dollars?

I don't like where we're heading in this country. I don't like big government, it's become "The Blob" from that old Steve McQueen movie. It's growing and it's going to take a lot to freeze it, then shrink it. Probably not the best analogy as I don't really think it needs to be killed, just reformed. Hmmm, maybe I'll write a script for a Blob movie remake where the hero converts it, saves it, fixes it and it does good works... Yep, I went from the ridiculous to the even more ridiculous, a bad analogy is just a bad analogy and their ain't no fixin' it. Hey, if you saw the remake of "The Blob" my idea for a new story-line has to be a heck of a lot better .

Newspaper Profitability -- Is it Critical to our Democracy?
by Michael Reagan
Today, as you read this column in your favorite newspaper, I hope that you can appreciate the irony of where I am choosing to voice my opposition to President Obama's expressed "happiness" to look at proposals to provide federal funding to help "rescue" the struggling print segment of the Fourth Estate. Just what we need.more of our tax dollars going to pick and choose segments of the public sector that the administration deems worthy of assistance.
http://townhall.com/columnists/MichaelReagan/2009/09/23/newspaper_profitability_--_is_it_critical_to_our_democracy

Wednesday, May 27, 2009

Coming This Summer: Health Care WarsThis Time It's Personal

by Newt Gingrich

The Washington battle that will most directly and profoundly affect you and your families' lives is the battle for the future of our health care system, which will play out this summer.On one side are forces advocating a big government, big regulation approach that will transform the private health system into a government-dominated bureaucracy.

On the other side is a new plan that gives individual Americans control over their health care, and provides the affordability and choice that makes that control meaningful.Both sides share the goals of providing health insurance to all Americans and reining in health care costs. The difference is how each plan would get there. One by government controlling - and ultimately rationing - your care. The other by you controlling and making informed decisions about you and your families' most precious possession: Your health.

A Transformative Proposal for Health Care: The Patients Choice Act

While the nation waits to see the plan President Obama will put forward, last week Senators Tom Coburn (R-Okla.) and Richard Burr (R-N.C.), and Representatives Paul Ryan (R-Wis.) and Devin Nunes (R-Calif.) introduced The Patients' Choice Act of 2009. They should be applauded for their leadership. The Patients' Choice Act is a serious, transformative proposal that, if enacted, would dramatically improve our health care system and the health of individual Americans. Unlike government-centered plans that empower bureaucracies, The Patients' Choice Act empowers individuals.

Empowering Individuals Instead of Bureaucracies

The Patients' Choice Act takes on the toughest challenges we face: improving individual health and managing chronic disease; delivering the best quality care; expanding affordable coverage to every American; and putting Medicare and Medicaid on solid, sustainable ground. And every idea starts in exactly the right place: with the individual. Individuals should be empowered and encouraged to decide for themselves what is best for them. From choosing what doctor to see to what insurance to buy to what course of treatment to take, only an individual-centered health care system will bring about the real change we need. According to its sponsors, the main goals of The Patients' Choice Act are these:

Emphasize Prevention: Focusing on prevention not only leads to better health but lowers long term costs.

Create a Market that Works for Patients: The Patients' Choice Act gives insurance companies incentives to cover chronically sick patients, provides businesses transparent rules, and gives patients convenient and affordable options.

Guarantee a Choice of Coverage Options: Patients can choose from a variety of private insurance plans.

Insist on Fairness for Every Patient.

Fairly Compensate Patient Injuries: The bill creates a legal system that serves the interests of the injured, not the interests of trial attorneys.

No Tax Increases or New Government Spending: For each American, our country already spends almost twice as much as other industrialized countries spend on health care. It's time we got something better for our money.

Restore Accountability to Government Programs: Our children and grandchildren will face future tax increases to pay for the $36 trillion in unfunded liabilities in the Medicare program alone unless something changes. And, according to some estimates, fraud and waste account for 10 percent of all health care spending. That's approximately $100 billion each year.

Include Ideas for Governors and States: Washington has proven time and again that a one-size-fits-all mandate won't work. True health reform must include governors, states, and every American citizen.

It's Time to Move From Ideas and Options to Real Solutions

The Patients' Choice Act complements the thoughtful work done so far by Sen. Max Baucus (D-Mont.), chairman of the Senate Finance Committee, and Sen. Chuck Grassley, the ranking Republican member. They have published three detailed papers exploring what reform options are being considered in three major areas: improving the delivery of care, expanding coverage, and paying for reform. They've invited public comment throughout the process and worked with industry representatives, in public hearings and in private meetings.

The introduction of this transformative legislation is proof that it's time to move from options to real solutions. The Center for Health Transformation (CHT), which I helped found, is working with both sides of this debate to encourage legislation that encompasses a number of policy proposals that are necessary to transform our health system. Our proposals span the entire health care spectrum from improving individual health, converting to an electronic health system, combating fraud and waste in our Medicare and Medicaid programs, and expanding coverage to every American.

10 Essential Principles of Health Care ReformCHT has developed the following 10 principles which we believe must be included in any major health reform bill:

  • Every American should be encouraged and incentivized to take personal responsibility for his or her health.
  • Every American should have genuine access to quality, cost-effective care that best meets his or her individual needs.
  • Every American should have health insurance coverage (private or public) that is affordable, accessible, and portable-no matter where he or she chooses to work or live.
  • Health care providers should deliver the best possible care based upon best evidence or best practice.
  • Every provider of care, from doctors and nurses to pharmacists and hospitals, should be interconnected with an electronic health record for every American.
  • Payment to providers should be based on the quality of care delivered, not the number of transactions or services provided.
  • Cost, quality, and performance information should be available and accessible to all consumers.
  • Government should promote and encourage competitive, market-based solutions in the private sector.
  • Government should offer effective, efficient, and sustainable public programs for those who need them.
  • Government should aggressively invest in targeted clinical research, laying the foundations for future breakthroughs and cures.
You can read our entire plan here along with a checklist for you to grade any proposals your representatives put forth. The problems we face in health care know no political party, and neither do all the solutions. As the debates begin in earnest over how to actually solve these problems, everyone should be encouraged to offer ideas. We are at our best when we work collaboratively to put forth bold, transformative solutions.

Newt Gingrich

(Shared with permission)

Saturday, March 14, 2009

Stimulus Projects by State

Thanks to Amanda for passing this along to me:

http://www.stimuluswatch.org/project/by_state

Find projects by state or territory
Alaska (46 projects)
Alabama (318 projects)
Arkansas (199 projects)
Arizona (743 projects)
California (1971 projects)
Colorado (201 projects)
Connecticut (449 projects)
Washington, D.C. (8 projects)
Delaware (7 projects)
Florida (1752 projects)
Georgia (266 projects)
Hawaii (316 projects)
Iowa (51 projects)
Idaho (348 projects)
Illinois (1031 projects)
Indiana (713 projects)
Kansas (139 projects)
Kentucky (524 projects)
Louisiana (433 projects) < /span>
Massachusetts (266 projects)
Maryland (54 projects)
Maine (72 projects)
Michigan (782 projects)
Minnesota (335 projects)
Missouri (403 projects)
Mississippi (552 projects)
Montana (57 projects)
North Carolina (319 projects)
North Dakota (61 projects)
Nebraska (154 projects)
New Jersey (261 projects)
New Mexico (215 projects)
Nevada (163 projects)
New York (289 projects)
Ohio (847 projects)
Oklahoma (223 projects)
Oregon (159 projects)
Pennsylvania (352 projects)
Puerto Rico (340 projects)
Rhode Island (116 projects)
South Carolina (271 projects)
South Dakota (30 projects)
Tennessee (103 projects)
Texas (1240 projects)
Utah (298 projects)
Virginia (400 projects)
Vermont (61 projects)
Washington (368 projects)
Wisconsin (358 projects)
West Virginia (1 projects)
Wyoming (85 projects

Wednesday, February 25, 2009

Tea Party Protests Planned

ATLANTA - Tea parties are being planned for this coming Friday in more than a dozen U.S. cities, including Atlanta.

They won't be silly tea parties like the one from Alice in Wonderland, but serious demonstrations like the Boston Tea Party of 1773 that protested British taxation.

The one set for noon on the steps of Georgia's State Capitol is being planned by several local groups that recently banded together on the internet.

"The time for rhetoric is gone and it's time for action," says Debbie Dooley of Duluth. She and co-organizer Michael Mealling met face to face for the first time Tuesday.

http://www.11alive.com/news/local/story.aspx?storyid=127332&catid=40#comments

Monday, February 02, 2009

House Schedule for Tuesday

Now that I'm getting daily updates on the House schedule, I can't help but wonder what happens after they enact some of this stuff. I can't imagine that once some of these bills are passed and become law that many, if any, who voted on them ever know what happens afterward.

The volume of stuff going through is amazing. Can you imagine what would happen if all of a sudden everyone from the top down started doing half the things that are enacted way up on the lofty D.C. grounds? We hear it all the time in regards to things like illegal immigrants --- if we followed the letter of the law we wouldn't need new laws or bills or acts. It seems to me that a lot of the bills aren't worth the paper they're printed on (assuming anything is printed these days ;-).

There are a couple on this list I'm going to look up - Reducing Over-Classification Act? Fair, Accurate, Secure, and Timely Redress Act? Not sure what the National Bombing Prevention Act is either...

TUESDAY, FEBRUARY 3, 2009:
On Tuesday, the House will meet at 12:30 p.m. for Morning Hour and 2:00 p.m. for legislative business. Unlimited One Minutes per side. Votes will be postponed until 6:30 p.m.

Suspensions (7 Bills)
1) H.R. 748 - Campus Safety Act of 2009 (Rep. Scott (VA) – Judiciary)
2) H.R. 738 - Death in Custody Reporting Act of 2009 (Rep. Scott (VA) – Judiciary)
3) H.Res. 82 - Raising Awareness and Encouraging Prevention of Stalking by Establishing January 2009 as National Stalking Awareness Month (Rep. Poe – Judiciary)
4) H.Res. __ - Supporting the goals and ideals of National Teen Dating Violence Awareness and Prevention Week’ (Rep. Lewis (GA) – Judiciary)
5) H.R. 553 - Reducing Over-Classification Act (Rep. Harman – Homeland Security)
6) H.R. 559 - Fair, Accurate, Secure, and Timely Redress Act (Rep. Clarke – Homeland Security)
7) H.R. 549 - National Bombing Prevention Act (Rep. King (NY) – Homeland Security)

WEDNESDAY, FEBRUARY 4; THURSDAY, FEBRUARY 5; FRIDAY, FEBRUARY 6, 2009:
On Wednesday, the House will meet at 10:00 a.m. for legislative business.
On Thursday, no votes are expected in the House.
On Friday, no votes are expected in the House.

S. 352 – The DTV Delay Act (Sen. Rockefeller – Energy and Commerce) (Subject to a Rule)

Senate Amendment to H.R. 2 – The Children's Health Insurance Program Reauthorization Act (Rep. Pallone – Energy and Commerce) (Subject to a Rule)

* Conference Reports may be brought up at any time.
* Motions to go to Conference should they become available.
* Possible Motions to Instruct Conferees.

Sunday, February 01, 2009

"Stimulus" Stats...

Contact every Senator, the Governor (stories are out saying Republican Governors are pressuring Congress to vote yes so they'll get their share of the money). If you think the so-called "stimulus package" is good for America, read the following excerpts from an article in the Canadian Free Press (http://www.canadafreepress.com/index.php/article/8006):

Alan Reynolds at the Wall Street Journal also tells us the stimulus package doesn’t even target the groups hardest hit by unemployment.

The December unemployment rate was only 2.3% for government workers and 3.8% in education and health. Unemployment rates in manufacturing and construction, by contrast, were 8.3% and 15.2% respectively. Yet 39% of the $550 billion in the bill would go to state and local governments. Another 17.3% would go to health and education—sectors where relatively secure government jobs are also prevalent. If the intent of the plan is to alleviate unemployment, why spend over half of the money on sectors where unemployment is lowest?

Here's a list of some of the things included in the "stimulus" package:

Global Warming

$2.4 billion for carbon-capture demonstration projects Link
$400 million for global-warming research Link

Government Upgrades

$2.5 billion for the National Science Foundation Link
$2.0 billion for the National Park Service Link
$800 million for AMTRAK Link
$650 million for the U.S. Forest Service Link
$600 million for NASA Link
$276 million to the State Department to upgrade and modernize its information technology Link
$150 million for maintenance work at the Smithsonian Institution Link
$209 million for maintenance work for the Federal Agricultural Research Service Link
$44 million for repairs and improvements at the Washington, D.C. headquarters of the Department of Agriculture Link
$245 million to upgrade the information technology of the Farm Service Agency Link
The Coast Guard wants more than $572 million for “Acquisition, Construction, & Improvements” They claim these funds will create 1,235 new jobs. Crunch the numbers and this brings the cost of “creating” each job to a staggering $460,000+ Link
$200 million for Dep. of Defense to acquire alternative energy vehicles. Link
$600 million for new cars for the federal government Link
$200 million to re-sod the National Mall Link
$400 million for a new Social Security Administration computer system Link
$1.9 billion for the Energy Department for “basic research into the physical sciences Link

Schools

$66B on education, but they specifically exclude private K-12 schools from getting one dime of it. Link
$17 billion for Pell Grants Link
$13 billion in IDEA, Part B State grants to help pay for “the excess costs of providing special education and related services to children with disabilities. Link
$13 billion in Title I grants “to provide extra academic support to help raise the achievement of students at risk of educational failure or to help all students in high-poverty schools meet challenging State academic standards Link
$6 billion goes to college and universities Link
$3.5 billion for higher education facilities. Link
$2.1 billion is for Head Start Link
$1 billion for Technology Education Link
$250-million for an after-school snack program. Link

Social Programs

$87 billion is to be spent on Medicaid, a welfare program already costing roughly $400 billion per year Link
$83 billion for the earned income credit for people who don’t pay income tax Link
$36 billion for expanded unemployment benefits Link
$20 billion for increased food stamps, including lifting restrictions on how long welfare dependents can receive food stamp benefits. Link
$6 billion program to “weatherize modest-income homes Link
$5 billion is devoted to public housing Link
$3 billion for health care prevention and wellness programs, such as childhood immunizations and other state and local public health programs Link
$2 billion is to be spent on Child Care Development Block Grants, which provide day care. Link
$1.7 billion is to be spent to help the homeless Link
$1.1 billion for so-called federal comparative effectiveness research in regard to health-care services Link
$1 billion goes for the Low Income Home Energy Assistance program, to help low income families pay their heating bills Link
$500 million to speed the processing of applications for Social Security disability claims. Link
$200 million goes for senior nutrition programs, such as Meals on Wheels Link
$200 million for AmeriCorps, to help satisfy “increased demand for services for vulnerable populations to meet critical needs in communities across the U.S. Link
$120 million to finance part-time work for seniors in community service agencies. Link
$100 million to reduce lead-based paint hazards for children in low income housing Link

MISC

New Programs $136 billion of the bill is for unproven ideas—to start 32 new federal programs. Link
$79 billion is to go the states to maintain their runaway government spending, particularly for such spendthrift jurisdictions as California, New York, New Jersey, and Massachusetts Link
$5.2 billion for ACORN, the left-leaning nonprofit group under federal investigation for massive voter fraud. Link “Community organizers,” such as the left-wing lobbying group ACORN, would get their own new slush fund of up to $750-million. Link
$4.2 billion provided to the Neighborhood Stabilization Fund, which provides the funds to local governments to purchase and rehab vacant housing due to foreclosure Link
$2 billion for Superfund cleanup Link
$1.2 billion for summer jobs for youth Link
$650 million for digital TV coupons to help Americans upgrade to digital cable television Link
$335 million for sexually transmitted disease education and prevention programs at the Centers for Disease Control and Prevention Link
$50 million for the National Endowment of the Arts to help “the arts community throughout the United States.
$400 million for “habitat restoration projects” of the National Oceanic and Atmospheric Administration Link
$75 million for smoking cessation Link

Monday, January 26, 2009

Stimulus Round Up

If you think your voice doesn't count think again. If enough of us call, write, fax, email it's possible we might, just might be able to impact this so-called stimulus package. Go to www.readthestimulus.org and click on the spread sheet they've provided and / or read the text of the actual bill if you can handle government double-speak in print!

Here are some interesting articles and commentary re: stimulus package.

States to win big in stimulus sweepstakes
The House bill allots almost one-quarter of the $825 billion recovery package to states and localities.
http://www.elabs5.com/ct.html?rtr=on&s=o1l,44m9,er,a7nj,g6m3,mbr4,k497

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Fed May Gain More Financial Oversight
(By Neil Irwin and Binyamin Appelbaum)

--

Republican Leaders Don’t Like Stimulus Plan, but No Filibuster Expected
(CNSNews.com) – Three top Republicans agree that they cannot support the Democrats’ economic stimulus package as written. But aside from expressing the hope that Republicans’ suggestions will be incorporated, none of them said they would work to block the plan beyond voting “no.”

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Nationalization of banks around the corner?
Yesterday Nancy Pelosi publicly indicated nationalization was on the table (Nancy Pelosi - Nationalization of Banks a Good Idea? Yep.).

Nancy Pelosi - Nationalization of Banks a Good Idea? Yep.
Nancy Pelosi was on ABC this morning with George Stephanopoulos. The entire interview was a dance and dodge performance, but even with all the flowery non-answers there were some whoppers that should have fiscally conservative, anti-socialistic, freedom loving Americans up in arms.

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Nationalization Gets a New, Serious Look
Only five days into the Obama presidency, members of the new administration and Democratic leaders in Congress are already dancing around one of the most politically delicate questions about the financial bailout: Is the president prepared to nationalize a huge swath of the nation’s banking system? Privately, most members of the Obama economic team concede that the rapid deterioration of the country’s biggest banks, notably Bank of America and Citigroup, is bound to require far larger investments of taxpayer money, atop the more than $300 billion of taxpayer money already poured into those two financial institutions and hundreds of others, The New York Times’s David E. Sanger reports.
http://dealbook.blogs.nytimes.com/2009/01/26/nationalization-gets-a-new-serious-look/

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Treasury's demands on banks seen as nationalization
WASHINGTON — The U.S. government's decision to pledge billions of additional dollars with strings attached to Citigroup Inc. and Bank of America Corp. may be nationalization by another name, according to former bankers and regulators. Faced with pressure from lawmakers, banks have shaken up management, eliminated executive bonuses and staff and canceled conventions. They'll be forced to do monthly reports on how they've boosted lending while slashing quarterly dividends to 1 cent a share for three years.

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Pelosi Advocates Greater Government Investment in Banks: ‘Some People Call That Nationalization’
(CNSNews.com) - House Speaker Nancy Pelosi, describing the U.S. economy as “dark, darker, darkest,” indicated that further nationalization of American banks may be necessary, although she shied away from using the word “nationalization.” Pelosi also told ABC’s George Stephanopoulos that investing in food stamps and unemployment insurance would be more effective in stimulating the economy than any tax cut would be.

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Editorial: Congress Must Stop the Stimulus
The $825 billion economic “stimulus” plan now being proposed by President Barack Obama and Congressional Democrats could well result in a federal deficit in excess of $2 trillion for 2009. Which means that it is now up to Senate and House Republicans to make certain that the American people are not consigned to a future of permanent serfdom to foreign creditors.
That is, if those creditors will continue to even service the national debt, now totaling nearly $10.7 trillion. http://alg31blog.timberlakepublishing.com/default.asp?Display=905

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The Heritage Foundation's Morning Bell:
A Conservative Alternative to Obama's Permanent Spending Plan

Last Friday we told you that even by the left's own ideological criteria, President Barack Obama's trillion dollar spending plan would fail to stimulate the economy because nothing about the massive spending increases in the bill was temporary. This Sunday, the Washington Post wrote an editorial essentially agreeing with us:

[S]ome in Congress and the new administration apparently see the country's
present recession as an opportunity to change the federal government's spending
priorities more generally or simply to reward loyal political constituencies.
... [I]t's risky to make new, multiyear commitments in the middle of a crisis
without debate over competing priorities -- and without paying for them through
some means other than borrowing.

Helping hire, equip and pay police, a $4 billion item under the bill, might
be a good idea, but writing checks to individual households for the same amount
would do more to stimulate the economy. Ditto for $16 billion in Pell Grants for
college students, $2.1 billion for Head Start and $50 million for the National
Endowment for the Arts. All of those ideas may have merit, but why do they
belong in an emergency measure aimed to kick-start the economy?...Fiscal
stimulus can be a part of the solution, but only if it is "targeted, timely and
temporary." The efforts so far don't quite match that description.


Our only quibble with the Post's assessment of Obama's trillion dollar spending plan is that it is not quite stern enough. There is nothing "targeted, timely and temporary" about the massive and permanent spending increases in this bill. And the Post left out some of the most flagrant examples. Among the hundreds of billions of dollars in new spending is hundreds of millions of dollars for contraceptives. Speaker Nancy Pelosi (D-CA) unrepentantly defended this money as stimulus on ABC's This Week:

Well, the family planning services reduce cost. They reduce cost. ... One of
those - one of the initiatives you mentioned, the contraception, will reduce
costs to the states and to the federal government.

Got that? If you want to help stimulate the economy, then Nancy Pelosi believes you should not have any more children. Apparently having less children "will reduce costs to the states and to the federal government."

National Economic Council director Lawrence Summers turned in a similar performance on Meet the Press, defending the above mentioned Pell Grants and police hiring as "good investments."

Neither of these stimulus defenders even bothered to claim that these spending increases would be temporary in any way. The deficit for 2009 is already projected to exceed $1 trillion. If deficit-fueled government spending was effective, then our economy ought to be in recovery already. Obviously that is not the case. An alternative is needed.

The American economy does not rise and fall with the level of aggregate demand or deficit spending. There are normal processes that launch a recovery and drive an economy. These processes involve individuals and businesses responding to opportunities and incentives. Lower marginal tax rates stimulate the economy because they improve the incentives facing individuals and businesses to work, invest, take risks, and seize opportunities. The centerpiece of an effective stimulus policy should involve two elements

- Make the 2001 and 2003 Tax Cuts Permanent: The American public faces a massive tax hike in 2011 when all of the tax relief enacted in 2001 and 2003 expires. It is difficult for the economy to gain its footing when facing the threat of a punitive tax hike.

- Reduce Marginal Tax Rates for Individuals and Businesses: Cutting tax rates by 10% for individuals, small businesses and corporations will reduce the cost of doing business in America and make it easier for Americans to create new private sector jobs.

According to an analysis performed at the Center for Data Analysis at The Heritage Foundation, using the widely respected Global Insight U.S. Macroeconomic Model, these policy changes would strengthen the economy significantly this year. Adopting the Heritage tax proposal would mean that 500,000 more Americans have jobs by the end of 2009, and, by the end of 2010, employment would increase by a million jobs. This two-step tax policy would reduce tax receipts relative to current policy by about $670 billion over five years, a number significantly smaller than Obama's $850 billion and growing spending plan.

Saturday, January 10, 2009

Interesting blog on economy, where the world is heading...

Logistics Monster, one of my fellow Read My Lipstick Network member blogs, is doing a series on 'America's Economic Collapse'. I'll have to admit I haven't read them all - yet. The one on Swiss Bank Closing Offshore American Accounts (below) caught my attention in the four-part series (thus far). Interesting points and rather scary, too.

Per the article Logistics cites, UBS is closing offshore accounts under pressure from the IRS. In broad, general terms: The Swiss have always had strict privacy rules that allowed the world's wealth to earn interest outside the bounds of their own country without taxation.

Now it seems the U.S. government has pierced the veil.

While many will be clapping their hands because those greedy capitalists now have to pay taxes on their money, there's more to the issue than just one Swiss bank handing its' customers over to be potentially prosecuted.

What's the next step? Where are we headed in this world? What's going to happen when all the money made by our home-grown businesses and individuals is pulled back into this country? Will businesses start to move to other countries? Is there a mad scramble going on right now to find other ways to shelter money? Is this the first domino or is UBS different because they've been setting up shop here in the U.S.?

This little story may end up being the beginning of a huge shift in our world!

Swiss Bank Closing Offshore American Accounts
Posted on January 9, 2009
According to Reuters, (and this post is being updated), UBS, a Swiss wealth manager, is closing U.S. clients’ offshore accounts because of pressure from the United States Government, and the IRS is benefiting.
http://logisticsmonster.com/2009/01/09/swiss-bank-closing-offshore-american-accounts/

Wednesday, December 17, 2008

Defined Benefits Gets Temporary Government Bailout, Er, Legislation

Defined benefits are a hot topic in Fayette County, GA. Well, it's a hot topic for those responsible citizens who realize what the future holds for the county should our esteemed local commissioners vote to burden the county with it.

For those of you who have been following the ongoing debate, I thought you'd be interested to know the Federal government, yep, the Federal government (that would be Congress) has just unanimously passed The Worker, Retiree, and Employer Recovery Act designed to provide temporary relief to retirees and employers sponsoring defined benefit pension plans. President Bush is expected to sign the legislation into law.

This Act, among other things, addressed the unanticipated increases in pension funding requirements.

Hello, Fayette County! Is anybody seeing the bailout trend? Is anyone listening?

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Thursday, October 23, 2008

Argentina Nationalizes Pensions

Argentina's pension takeover plan scares global markets
By Fiona Ortiz
BUENOS AIRES (Reuters) - Argentina's surprise plan to
nationalize its private pension system caused chaos in local markets and spread
gloom to other emerging markets on Wednesday as investors read it as a desperate
government move to stave off default...
http://www.reuters.com/article/reutersEdge/idUSTRE49L5ZX20081022

My husband is retired military. We've discussed the future on many occasions but have felt fairly secure given the decisions he's made regarding the future. We've felt somewhat "safe" in this volatile market knowing at a minimum we had his pension.

The news this morning that Argentina was planning to grab $30 billion in pension funds sent chills down my spine. When times get tough, our governments "use" the situation to justify actions and the people are helpless to stop it in most cases.

I don't think at this point that our pensions are truly at risk, at least those of the military and of companies who've made wise decisions and funded those plans. However, it's not an impossible scenario, and it's not one I'd have ever considered until now when we're going through this economic crisis.

I am concerned about what will happen if Barack Obama is elected. We will have a majority Democratic House and Senate, a Democrat in the White House who has already told us what his criteria is for Supreme Court picks. It's not only the Supreme Court that is affected by this clean sweep at the top of our government, it's the lesser courts also.

While I consider myself a conservative and will be voting for McCain-Palin, I will admit I would be just as concerned if we were getting ready to put in a Republican President with a full Republican House and Senate.

Our country is one that works because of the checks and balances we set in place many long years ago. Having one Party in complete control is a recipe for disaster.

If you think what is happening in the third world countries and elsewhere around the world can't happen here in our wonderful country, think again. It's a slippery slope and many are making their choice for President based on the sense of false security that our country will remain a free democracy. Many are basing their vote on who is going to give them the most.

Your vote is a very precious gift and I hope that things like race, rhetoric and the current temporary economic situation doesn't cause you to punch a button that leads our country in the wrong direction.

Friday, July 25, 2008

Voter Apathy 2

I had a comment or two about the reason people didn't vote in the last few elections. The anonymous comments indicated that there weren't any viable, exiting, candidates. Nothing new, no one with a good message, etc., etc.

It was thought provoking and made me curious so I have had some friends out doing some unscientific polling.

Thus far all who said they didn't vote have said either they didn't think their vote ever mattered, they didn't have time to look at the candidates or they just didn't have time, were too busy, to vote.

A number of the people who did vote didn't know anything about the candidates, either. They did it based on friends recommendations.

Now there are a strong percentage of voters (I like to believe) who do read the papers, look at the videos, do their own research.

However, based on attendance at the forums, people didn't even bother to check out the candidates. I went to every forum. Aside from the two which included the sheriff candidates, there may have been 4 or 5 people in the audience who weren't affiliated with the candidates.

I go to the county commission meetings and to city council meetings on occasion. The only time there are more than one or two people is when there's something that is going to be in a group's backyard (we call 'em nimby's --- not in my back yard). Most elected officials know that only the nimby's are going to show up and then only if they happen to get word that a rezoning affects their square acres of Fayette County (or wherever).

A lot of people who moved here to Fayette County did so because they were disgusted or unhappy with the way their previous home of choice deteriorated. Based on the involvement in this county currently (it used to be much, much higher) I'd say they were quite possibly part of the problem where they used to live... they didn't get involved there, woke up one day and realized things had gone down hill. They moved to a better place. They're not watching what is going on here now and thus in a year, two years, five years, when the kids get out of school, they'll move to another bright spot.

It takes vigilance and involvement to keep anything great. We don't seem to have many who are willing to protect our quality of life. Lots of complainers, not a lot of action.

I have noted two groups that have sprung up recently. One is Harold Bost's Fayette Citizen for Open Government PAC, which the commenter probably won't care to read about as his / her contention is the last race was between Jack Smith and Harold Bost to some degree. However, I'll tackle that one at a later date. The PAC, from what I'm hearing, has attracted a fairly large number of participants so quite possibly it will become a force to recon with.

The other group is called Fayette Firewall. I gather it is a loose-knit group of individuals who write a joint blog or two. They have recently set up a website with articles on it so they may be getting real serious.

I'll be watching both to see if they're able to help spur some to get involved. I doubt anyone is going to agree with all that either group does, but even when there are differences of opinion, it's just good to see the concern and willingness to get involved.