Showing posts with label deficit. Show all posts
Showing posts with label deficit. Show all posts

02 November 2008

After the Hangover Wears Off

On Wednesday morning, after the long night of drinking to celebrate or lament, we will wake up and guess what – nothing has changed. We are still the same country with $11 trillion in debt and $54 trillion unfunded liabilities. We are still the same country with unpopular wars in the Middle East. We are still the same country with a crumbling infrastructure. We are still a country that sends more than $700 billion a year offshore for its energy. Most importantly, we are still the same country with an egotistical political establishment; one that would prefer to pander than lead.

This was an election about the last 8 years of Bush more than anything else. Let’s be honest, the electorate is not smart enough to actually look at the issues and make an informed decision, they would rather base their selection on emotion. The contradictory political ads make it even more difficult for the shallow to make sense about where the candidates really stand. In the end, America is all about making themselves feel better – whether that be at the shopping mall or in the voting booth.

After the congratulatory back slaps, lip smacking at the new found political power and the statements of an imagined mandate are over, there still looms the 800 pound gorilla in the room. I stand by my belief that no matter who gets elected (I am about 95% certain that Obama will be elected) nothing will really change where it really matters. The only change will be who is called president. Sure there will be some other changes –Obama will change from Bush’s tax-cut-and-spend administration to a tax-increase-and-spend administration. Oh yeah, Obama will enact cap and trade of plant food (carbon dioxide) which will significantly increase all of our energy bills (although, to be honest, McCain is also talking about that).

What really needs to happen? We need a real leader that would present America with a plan that will include touch choices. A real leader will work with Congress to enact those tough choices. What would those tough choices be?

  • Balance the budget with the current revenue stream and that includes excluding social security revenue from the revenue stream. That means across the board cuts, including the military.

  • A tax increase levied only to pay down the debt and pay back the trillions in IOUs to the social security fund. I propose a modest national sales tax in lieu of increasing income taxes.

  • Consolidate government, reduce duplicity, and increase governments’ effectiveness and efficiency.

  • Reform Medicare and Social Security. That means cutting benefits and eliminating the maximum earnings amount above which you stop paying the social security payroll tax.

  • Reform our education system and invest in math and science education.

  • Drill more and invest in renewable energy. We need to be leaders in the renewable energy field.

  • Close military bases around the world and pull our military back. We need to defend OUR borders first and foremost.

  • Squash the climate change nonsense which would waste trillions trying to reduce global temperatures by a tenth of degree. Taking that money and investing it in math and science education, renewable energy research, and infrastructure would have a far greater impact.

If the $11 trillion in debt and $54 trillion in unfunded liabilities does not say it all, you, quite frankly, are a moron of massive proportions. These two numbers alone provide enough justification for the measures I propose above. These two numbers provide a measure of the precariousness of our situation. Americans need to realize that the run is over. America needs to rethink its priorities. America needs to realize that money does not grow on trees and cannot be printed wantonly without dire consequences. America can no longer enslave on our children and grandchildren with debt. It is time we take responsibility for our actions, at a personal level and at a national level.

Wake up America. Take some aspirin and drink some water. Shake the hang-over off and demand real change, not the change promised in pretty speeches.

Photo by fellow Engineers Without Borders member, Sugar cane fields, road, railroad, and mountains, Dominican Republic

20 October 2008

Welcome President, er, Chairman Obama

Senator and future President of the United States of America Barack Obama promises a change from the last 8 years of Bush. I believe he will deliver that change. It is just not the type of change that you and I are really expecting. It is not the type of leadership this country needs in the face of an unprecedented economic turmoil. Not that that old guy would be any better. We basically have a leadership and intellectual vacuum in D.C.; unfortunately I am ninety percent certain that Obama will be elected because cultural change is more important than substantive issues like debt, deficits, and fiscal responsibility.

The last 8 years of Bush were all about tax cut and spend. How will Obama change that? Will he cut spending? No. He will increase spending by billions taking the nearly $500 billion budget deficit for fiscal year 2008 and increase it at a time we need to be cutting spending across the board including the military. Neither candidate does not take into account the trillions spent trying to “save” the system (oh wait, that was “printed” money – my mistake that doesn't count).

Will he increase taxes? Yes and No and Yes. Those making more than $250,000 a year or the top 5% of income earners (those making more than $150,000) will pay more, (not sure which number he means) but those making next to nothing will get money. However, Obama will make plant food (CO2) a major pollutant and likely enact cap-and-trade of plant food (CO2). The dirty, little secret on that is that all our energy prices will sky rocket hitting every income class. Obama giveth with one hand and taketh with the other.

Another change under an Obama administration will be reverting to Woodrow Wilson era politics where those critical of the administration will be silenced. We already have seen the beginnings of that with the handling of Joe the Plumber. An innocent question about Obama's tax policies by "one of us" leads the press to investigate Joe's taxes and licensing. It turns out that all of a sudden Joe needs to be silenced and discredited. Wouldn't you know it, Joe owes back taxes. Never mind that a member of the United States senate, Senator Rangel (D), owed back taxes recently too, but then again he did not have the audacity to question Obama’s policies. Obama had the arrogance to say that he never heard of any plumbers making $250,000. I suppose only elitists with degrees from Harvard and Presidents of the United States are allowed to make that much. How out of touch can he possibly get? He obviously has never run a business or knows anything about running a business based on a comment like that.

Now Obama by himself with a republican controlled house and senate may be held in check and things like the Fairness Doctrine would never see the light of day. Unfortunately, we have the dumb leading the dumber. The combination of Pelosi and Reid will make a nasty three-headed monster that should keep any child from getting a good nights rest. The Obalosied tax monster is coming for your pocket book. Oh, it is a nice monster to poor people, but you rich people better watch out. The Obalosied monster will have the audacity to steal from your pocketbook in the middle of the day. Wow, I really am looking forward to the next 2 to 4 years. If you thought things were rough now, just wait, worse is around the corner.

We are so screwed. Thanks for nothing democrats and republicans. You both have put us in an untenable position. Instead of being so self-absorbed in your party’s power you should have been looking out for America. You should have been leading and not pandering. I hope you can look in your children and grandchildren in the eyes and know that you had a chance to turn the tide, but you chose to be selfish. Thanks for nothing, now go to hell.