Archive for ‘Economics’

November 24, 2011

The Real Story needs to be told

Re: It’s story time for Nugent by Paulette Lash Ritchie

Mr. Richard Nugent got back to his roots as he states after reading to first graders at Weeki Wachee K-8.  He read a book about our system of legislating using the characters in the book as House Mice and Senate Mice. What he didn’t realize is the portrayal used exemplifies most representatives in Washington mice or in some cases rats.

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July 21, 2011

Cut, Cap and Balance

For which the details do not exist except for $111 million in cuts initially yet not identified. Republicans
want to cut expenses, Cap Spending at 18.5% of GDP (22.5% next year) and a Balanced Budget Amendment which will also require a two thirds majority to raise taxes.

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June 22, 2011

Greed or shared growth.

While watching the financial channel many of the experts predict growth in the second half of the year.The degree of growth not specified. The question is growth for whom.

Sixteen million Americans are either unemployed or underemployed Corporations are holding trillions of dollars on their balance sheets. Corporate profits, Healthcare profits and Banking profits are at all time highs. Bonuses are greater than ever before for top executives and those making these profits. I remember a television advertisement with an old grey haired  man saying “at Morbid Stoney we make money the old fashioned way we earn it.” Those days are long gone. Today they make money utilizing computer generated trading models to take advantage of imbalances in the interest rate markets or  the stock market. The speed of executing billions of dollars of these transactions would boggle your mind. The biggest insult to hard working Americans is that Banks and Corporations are borrowing money from our Government at 0% or as high as .25% and investing in quick money transactions while home owners struggling to refinance can’t borrow at less than 4% on  average if they qualify.

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June 15, 2011

Budget Battles and Turf Wars

You would think that after 4 years of declining revenue and  the depletion of county reserve funds the county commission would finally realize that the Bush great recession is not going away to soon. As a matter of  fact we will be crawling out of this recession for the remainder of this  decade. Their priorities are so misdirected Administrator Hamilton reminds me  of a teacher trying to control and unruly 1st grade class where the  students are running wild with no direction or purpose. One example of their  misdirection is the Dredge Project which is going on over 10 years. This year is  a bad budget year yet, they decide to spend over 7 million of county tax  dollars on the dredge project when asking employees to sacrifice their jobs and  compensation. If they would have given back the 3 million they received from  the state for the dredge project we would have saved 4 million dollars in tax  dollars. This number I believe is next years budget shortfall. Did I just solve  their budget problem NOT.  All county  departments including the constitutional offices must cut to the minimum  necessary yet provide the basic services needed to service the community.

“When  the going gets tough the tough get going”. Unlike this commission.

I think this commission needs to go.

February 6, 2011

Radical Republicanism

It is impossible not to hear and read political rhetoric every time we turn on a news channel or read a newspaper. We are continually exposed to constant reference to different types of ideologies and philosophies through the use of terms such as Liberal, Progressive, Left, Far Left, Conservative, Right, and Far Right and so on.These terms of fear are used as stigmas so that once associated with an individual or organization we no longer need to read what they are representing or who they represent we just need to fear them. All these terms are communicated to all of us easily in an age of high tech media and is a simple method of classification which than defines the dividing lines of individuals and organizations.

 

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February 2, 2011

Dredge Project with overdraft protection

Over two years our county administrator and county commissioners have utilized reserve funds to balance our budget by cutting operating costs and transferring money from reserve accounts to pay bills. Transferring reserves are simply accounting transactions to cover expenses in excess of revenues for example anyone who has overdraft checking linked to their savings account can understand this. When you write a check in excess of your checking balance an automatic transfer from your savings covers the overdraft. This kind of financial management is a temporary fix when revenues are declining and an assumption that revenues will increase in the future to satisfy the imbalances being satisfied by reserve (savings) transfers. 

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January 9, 2011

We have failed ourselves

The events in Tucson on January 8, 2011 the assassination attempt of Congresswomen Gabrielle Giffords, the murder of 6 individuals and wounding of 13 innocent bystanders  is the direct result of the lack of sensitivity and respect for one another practiced and sometimes promoted by those institutions and individuals who have an  influence over our country’s morality. 

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January 4, 2011

Yes We Are, Democrats

Webster defines a Democrat as an adherent to Democracy or one who practices social equality, Democracy meaning Government by the people or rule of the majority government in which the supreme power is vested in and exercised through a system of representation involving periodical held free elections. We participate in a Republic form of government having a chief of state who is not a monarch and who in modern times is a president, a government in which a supreme power resides in a body of citizens entitled to vote and is exercised by elected officers and representatives responsible to them and governing according to law.

The oldest party in the united states is the Democratic party originally known as the Democratic-Republican Party until the 1830’s when Andrew Jackson and Martin Van Buren formed today’s Democratic Party.  During the same period a faction representing the new Wig Party was formed today it is known as the Republican Party. The new Democratic Party became a coalition of farmers, city-dwelling laborers, and Irish Catholics. Democrats opposed elites and aristocrats, the Bank of the United States, and the whiggish modernizing programs that would build up industry at the expense of the laborer or independent small farmer. Today our modern parties have evolved yet have not changed their basic principles.

We are Doctors, Lawyers, Businessmen, Corporate CEO’s, Scientists, Teachers, System Administrators, Programmers, Policemen, Fire Fighters, Laborers, Builders, and we are proud Americans. We practice a religious faith and some do not because of freedom of choice. We are husbands, wives, brothers, sisters, children, aunts, uncles and grandparents. We have contributed to the greatness of the United States and have served our country in the armed services. We believe that every man and women deserve equal opportunities to compete in the workforce and not be discriminated against because of race, color, religious preference; sexual orientation or age and we practice these principles. We believe that it is the right of every man and women to earn a living and share in the fruits of our nation as a result of their labor. We believe that all Americans no matter their economic status are entitled to Social Security and Health Care after retirement so that they may live the rest of their lives in dignity. We believe that charity begins at home and that the fortunate must help provide for the unfortunate.

We believe that Capitalism should promote the common good through economic systems and business acumen of fair wages and humane benefits and promotion of individual advancement. We believe this is only attainable when American students are properly prepared in their elementary and high school years of education; who will than be provided with equal and affordable access to higher education.

Finally, we believe there is a higher order governing our great nation. We believe our system of governing although not perfect is the greatest form of government bestowed on any people.

By: Vito J. Delgorio Sr.

December 17, 2010

No Tax Cuts without Representation

Who will pay? The poor and the middle class will pay. How you ask? Money given to the poor and middle class get spent in the economy creating demand for products and services. They buy food clothing and needed services the necessities to provide for a family not a dime will go into savings. Money given to the wealthy if not spent on luxuries goes directly into their trusts, savings, and ultimately their investments creating no demand for products and services, but does generate fees and commissions for Wall Street. The billions of dollars going to the poor and middle class stimulate economic activity that eventually go to the rich and wealthy in the form of dividends and capital gains, while the billions going to the rich and wealthy increase their wealth even more. It’s a loose loose situation for the poor and middle class. Why? Since our representatives in Washington refuse to have the rich and wealthy pay for their fare share the poor and middle class will pay eventually through increased taxes and cuts in entitlement programs targeted by bi-partisan Democrats and a majority of Republicans. This bill has set the precedent connecting Social Security to the national debt for the first time in our history even though Social Security is the only solvent entitlement program in the Government Budget a 2.6 Trillion Dollar Surplus which pays for itself and those bi-partisan Democrats and Republicans want to raid this trust to again transfer more money to the rich and wealthy. They couldn’t do it by privatizing so they will raid it by connecting it to our deficit budget. 

It has been reported that the 2010 midterms raised 4 billion dollars from donors. Senators and Congressman received 4 billion dollars to get elected. A majority came from the Wealthy and Corporations run by the Wealthy. These donors consider their contributions as an investment because they can’t take a tax deduction. How do you get a return on your investment of a campaign donation? You get an extension of the Bush tax cuts Plus. What is the return? If you just include the Estate Tax and Capital Gains and Dividend savings of 121 billion dollars that’s a return of 3025% over two years to simplify the numbers if you invest 1 thousand dollars for two years your return would be $30,250 dollars after two years. In Washington money talks louder than votes. 

The odds are stacked against the poor and middle class Americans. The Supreme Court ruled 5-4 that Corporations are People under our constitution giving them same rights as you and I. Washington has been taken over by Corporate American, Foreign Influence and Special Interests through our Elected Representatives. We no longer have a representative government. We have a ruling class. This Bill proves that.

December 7, 2010

Day in the Life of Joe Middle-Class Republican

By John Gray Cincinnati, Ohio 2004

Joe gets up at 6:00am to prepare his morning coffee. He fills his pot full
of good clean drinking water because some liberal fought for minimum water
quality standards. He takes his daily medication with his first swallow of
coffee. His medications are safe to take because some liberal fought to
insure their safety and work as advertised.

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