Category Archives: U.S. Economy

Conservatives Suspend Priorities

04 Monday Sep 2017

Posted by in Climate Change, Disaster, Politics, U.S. Economy, Uncategorized

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Wow! Isn’t it interesting how all those Republican conservatives from Texas have changed their minds on government spending? They were far out front in being against funding any spending on Hurricane Sandy’s destruction in the Northeast.

Now they want tens of billions from the Federal Government for Southeast Texas and Louisiana’s damage from Hurricane Harvey. The area was told to expect exactly what happened and where it will happen from NOAA. The same agency they think is spending too much on worthless studies and equipment. In Texas if it benefits somebody else it’s pork and should be cut. Those Texas conservatives and President Trump haven’t even put forth someone to be FEMA director. Texas demands FEMA aid more than Florida, because of floods, tornadoes, hurricanes and, would you believe, drought.

Another 3.3 billion was to be cut from the Community Development Block Grants that would help places like Houston. Want to bet instead of a cut those to-hell-with-the-rest-of-you Texans will want to increase the grants.

Florida conservatives like those in Texas are climate change deniers, but have gotten hundreds of millions for new flood control projects in their coastal cities to compensate for the rising ocean levels.

I do agree with a great deal of the conservative philosophy, but I abhor the two-faced people who say one thing and do the opposite. They know what they tell the people to get elected is wrong but being in power is more important to them.

These people choose to divide our country as a means to deceive us into voting for them. Just like Donald Trump deceives a small number of Americans to get elected and keeps them supporting him by saying what his supporters want to hear.

Tax Cuts Again

04 Monday Sep 2017

Posted by in Politics, U.S. Economy, Uncategorized

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Why is it every time we have a Republican President, the rich and all corporations get a big tax cut? The Bush II tax cut put us back on the road to big deficits and growing debt.

Reagan’s tax cuts ballooned the deficits and debt. He was big on telling Americans they shouldn’t live on debt and should cut purchases. He reduced revenue, spent more, and ballooned the deficits. He then did a huge tax decrease to cut deficits.

Clinton and Gingrich had paid off most of the national debt before Bush II pushed us into a quagmire of deficit and debt. When the great recession hit, he and Obama couldn’t raise taxes. Making them permanent was a mistake.

Now Trump and the nutty conservatives in the house want to cut taxes on the rich by 50%. This will just drive us deeper into debt. Many on Wall Street think the greater threat to America is the National Debt. They think increases and cutting expenditures is necessary to save us.

We need to raise taxes and cut deductions to pay for all the government has been doing and is supposed to do. This race to the bottom with some other countries that are bankrupting themselves is absolutely stupid!

For those tax cutting conservatives, remember the Egyptians were supposed to save up grain during the seven good years for use in the seven bad years. Maybe they really don’t want to use the commonsense statements in the Bible or just haven’t read the Bible. Its aspirations and theirs diverge greatly. Clinton/Gingrich spent the money paying off debt so it could be run up when needed. There was no reason to run up debt during Bush II’s administration except for the tax cuts. It was a bad idea then and a terrible idea now. Voodoo economics has never worked. It’s a conservative myth that conservatives have nailed their feet on.

American in Retreat

18 Sunday Jun 2017

Posted by in Military, Politics, U.S. Economy

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During the seven decades after the end of World War II, only two military super powers (U.S.A. and U.S.S.R.) and one economic super power (U.S.A.) existed. Previously both nations had controlled their military alliances and much of the world’s trade. The rest of the world was a loose confederation of quasi-non-aligned nations that played one power against another. Today, the world is basically divided up among the three military super powers.

Currently the world has only two economic super powers (U.S. and China) with China being the second temporarily. Temporarily, because we are retreating into isolation allowing China to move into the growing vacuum. We are turning our backs on our traditional partners and in many cases they are being offended by presidential statements. Many countries have already changed their trading alliances. Trade alliances allow for more than just trade. Three new Chinese trading partners are Cuba, Mexico, and Canada.

In the Pacific, we had worked out an alliance with Japan, Australia, Philippines, Canada, and several smaller countries to counter China’s trade pact. Now those countries are going to join the China pact after Trump backed out of TPP!

Economic power is translatable to military power because trade is usually the basis of all military alliances. Soon our isolationist policies will mean the world has only one economic super power and for the first time in nearly a century — it won’t be the United States.

Who Owns Us

27 Saturday May 2017

Posted by in Government, Politics, U.S. Economy

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I have no power to exert any pressure on my representative and senator since I can’t put enough in their campaign chests or give a friend or relative a job. My little voice is lost in the hurricane of big spending lobbyists and paid speeches. I don’t have millions to fund those secretive foundations which put out misleading to totally false information to influence me and my elected officials. I don’t have money to put an assistant onto the staff of those officials.

Washington D.C. is now being run by billionaires and near billionaires who seem to have one thought in their mind — enrich themselves. Our president and his family are worth millions more than they were 130 days ago. He won’t release his 2015 tax returns so he definitely won’t release his 2016 returns showing his wealth increase because he won the election.

The tax reform proposals being sponsored by Trump and Ryan does more than tilt the scale toward the super rich — it drops the rest of us off the equation. The top 1% owns 90% of the country. Treasury Secretary Mnunchin says the current system needs to be changed so the rich can spend more money on creating jobs. Tax reduction has never spawned the predicted economic boost. Right and left economists agree on that so why put more money in wealthy pockets while increasing the deficit and national debt? They want to do away with estate tax to help the middle class. The tax doesn’t start until $5,500,000. I know of no middle class person that has an estate that big.

No, the tax cuts are not for us, they are for the billionaires who want to be richer. When it hits the fan they will have moved elsewhere!!