As sure as the Summer months warm us up, so to does the lunacy which is Washington D.C. which is about to begin a dance leading to a feverish pitch. I for one would rather not be witness to this continuing charade, but as a good citizen I deem it an obligation. A few thoughts herewith. The same dance as always with plenty of blame going back and forth. Nary a decent soul let alone a true leader willing to step in the circle and defend all the people. Not one witness to the calamitous policies engineered by either party willing to fall on the proverbial sword for the good of the Nation. In what Universe or household, can your spending activities increase 4-fold in less than 20 years while your income rises at the pace of inflation. ( in the case of these same 20 years, it would be less than a 1-fold increase in wages at best. ) Herein lies the massive problem in which the ” Brainiacs and their shills ” have brought us to a head. Now to be fair, there are solutions and good ones at that. Unfortunately those in power have demonstrated by their lack of common sense that these solutions will likely not take place. As the old saying goes, ” they are an insult to the drunken sailor”. I am willing to bet that each and everyone of you knows the answer. We collect $2.5 Trillion a year and spend $3.7 Trillion a year. We borrow the difference. Not a solution in my book but the clamor from our “Esteemed Congress ” is to raise the Debt ceiling. ie borrow more money. What a morally bankrupt city they live in. Have they no shame at all? Do they not even consider their progeny? Most narcissist’s would not. I leave you to draw the conclusion. Better to not offend their Contributors and Special Interests as that would not do. The expense of the many to benefit the few. How perverse. By the way, if you enjoy these writings, you can view more at Donumvitasolutions.com. Good day.
My friends I apologize for the recent absence. I admit to being underwhelmed by the ” Stimulus Package ” and the ensuing results. I have been seeking answers to the captioned question and will offer my findings. Of course this will be after licking the wounds from my decimated industry ” Mortgage Lending ” which is on life support as we speak, but no need to rehash the obvious. Recall Feb 2009 when our leaders cleared the path for some $900 billion and called it a ” Stimulus Package ” Also recall the ensuing two and one half years and the cumulative additional deficit spending totaling $4.4 Trillion. My God that is $ 5.5 TRILLION of extra ” STIMULUS ” Please excuse my evident sarcasm, but I just can’t help myself today. The more important question is what did our fine Nation receive for borrowing all this money? I am serious as I cannot find an answer. Our progeny will hate us for generations for being so selfish for one. How dare we do that to them. It is the children who will pay for this. Back to the question, what did we get. Adjusted for inflation we have negative growth and are losing jobs. Not much of a return one would think. It did buy us a veritable logjam of regulations that are freezing business as well as consumers. The plus side to this is consumers have stockpiled some $6 Trillion in liquid assets per the Federal Reserve and we know corporate America is sitting on in excess of $ 2 Trillion as well as the roughly $2.5 Tillion we gave our friendly Bankers. With this kind of firepower one would expect a growth rate in the 7-8% range yet it is not happening. I will leave you on a positive note: Call your Legislators and tell them to get out of the way. Once they do, we can unleash these vast resources and see the brighter day. Best wishes to all, as well as my Greek bretheren who are tasting what we will likely/hopefully evade.