Friday, October 29, 2010
Random thoughts from a warped and fevered mind...
Remember when Nancy Pelosi became the Speaker of the House (I know, many of you are trying to forget)? In her inaugural address, she vowed that there would be no new deficit spending. Well, how's that working out, you might ask? Since the day Pelosi assumed this lofty position, the national debt has increased by $5 trillion dollars. That TRILLION, with a "T". This is according to the U.S. Department of the Treasury. When Pelosi assumed the office of Speaker of the House, the national debt was 8.67 trillion dollars. On October 22, 2010, the national debt was $13.67 trillion dollars. During the tenure of Pelosi, the U.S. House of Representatives has added more to the national debt than the first 57 Speakers of the House combined. President Obama has now convened a "Deficit Commission" to study the deficit. I will save them the trouble. Our deficit is huge- and growing exponentially. We do not need a commission to study the debt. We need leaders in Congress to grow some backbone and stop spending wildly. The financial future of our country depends on bringing our spending under control.
Jokes and sex- neither is funny if you don't get it.
Here is the crux of the problem with all this deficit spending: it takes money from the private sector where it can be employed to create jobs and build wealth and directs it to the public sector- the government. Remember my civics lessons? Government does not create wealth or jobs. It never has and it never will. Decreasing the funds held in private hands- your money; funds that are used by businesses to hire more people and expand- has a long term negative effect because it slows growth in the one area of the economy that creates jobs and therefore causes the economy to expand. We are whistling past the graveyard from a financial perspective because the increased levels of indebtedness are carried at historically low interest rates. Know this, interest rates will start to rise, and when they do, more money is going to come out the pocket of the private sector- yours and mine- to pay the interest on this debt. Less money in the hands of individuals and businesses means that unemployment will remain high and economic growth will stagnate or decline.
If you have one child, you are a parent. If you have two or more, you are a referee.
Remember when National Public Radio, the government funded "news" organization fired Juan Williams, one of its correspondents, because he said that he got nervous flying with Muslims? CEO Vivian Schiller was furious at the politically incorrect remarks and canned Williams because of them. While not debating the merits of this action, it is indicative of the mindset of the left and their intent to stifle dissenting opinions that don't fit into their world view. This has spawned a debate in Congress as to whether NPR should continue to receive government funds. The question everyone should ask is do we want the government to continue to fund an organization to disseminate the news? Especially since NPR's Schiller is involved with a leftist group called Free Press. This organization is funded by ultra liberal George Soros and has as its mission the "reinvention" of journalism. This project involves nothing more than a government takeover of local and national news coverage and includes PBS, the Corporation for Public Broadcasting, and American Public Media. The plan is to create local NPR bureaus to gather news and their plan is expected to cost $40-60 billion dollars over the next decade. Most of this will be paid by you, the taxpayer. Think this will be objective? If NPR and the other organizations are receiving government funding for their news gathering operation, do you think the slant might be pro-government? I do.Let NPR and the other entities compete as free market enterprises. If they are successful, so be it. But you and I do not need to be funding with our tax dollars a "news" organization.
I asked my wife if she thought I would lose my looks as I got older. She said, "Yes, if you're lucky."
And that, my friends, is my view.