“The devil is in the details” is a well-known quote that definitely applies in all this “fiscal cliff” talk going on recently. The congress in our version of government has the power of the purse. They determine where the money is spent and where it is cut. So, I find it strange that Mr. Boehner insists that the president and not him is responsible for identifying what would be cut from the budget in order to appease the GOP base. As mentioned in the article below Republicans do relatively well with the American people when they talk broadly about cutting spending, but they run into trouble when the conversation turns to the specifics of what they might actually cut. In other words they are good when it comes to complaining but not so good when it comes to solving. 🙂 Mr Boehner seems to be saying he wants someone else to do his job, or maybe it is really that he wants someone to take the blame. Here is an article and some words about that: Continue Reading…
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Here is an interesting article that explains why the “fiscal cliff” is so falsely named. If you are still not clear about this I would encourage you to click on the source above.
By the way, the article mentions that if nothing is done the “average” additional expenses will be $3,200 per family. But that is primarily because of the significant expense to the top 1% drastically weighting the “average”. It has been stated that for a family with an income of $70,000 the increase would be less than $800 (1.1%) and that is if nothing is done to add some tax breaks back in January by congressional action.
So, don’t get all worked up if those guys in Washington continue to be gridlocked. It is not the end of the world!! 🙂
What the government has got to do is live as cheap as the people. 21 December 1932 Will Rogers
Speaking about money not being wisely spent this morning got me to thinking about Will’s quote above. If you have read much on this blog you will know that I am a proud social progressive but also a fiscal conservative. In that light I certainly agree with Will here. Our government needs to learn how to live as cheap as its people. That doesn’t seem to be possible anymore. There is always that new model of military drone the DOD wants to buy in the thousands of course. There is always some other group including many corporations that need some type of incentive to provide jobs. Besides getting the drilling rights at gut cheap prices from government land the money bloated oil companies say they need more bucks to help them find the oil. But when it comes time to sell the oil they will only give it back to us at world prices! There is always someone with their hand out and our government can’t seem to keep their wallet in its pocket. Continue Reading…
One of the things I have always liked about Will is that he seemed to be an eternal optimist. This quote was about three years into the Great Depression and he was still an optimist. But it does go to the heart of another of my favorite quotes and that is things are never as good as you had hoped or as bad as you had imagined.
There are so many rumors around about what will happen if we go over the so-called fiscal cliff. I think I am aligned with Warren Buffet on that. Here is what he says about that:
“Fiscal cliff” this “fiscal cliff” that; I am really getting tired of all the rhetoric. It is almost as if some evil empire dropped the “fiscal cliff” viciously into our laps. This reminds me of all the gloom and doom associated with Y2K. Does anyone remember that one. That happened in 1999 when some wise guru decided that the world was going to end when the calendar turned to January 1, 2000. The reasoning was that computers would get the date confused with 1900 as we only use the last two digit in most of our year designations. Of course when the date actually happened it was as mundane as the year before. No the “fiscal cliff” wasn’t dropped down on us by some evil empire, it was a result of a big majority vote by those same folks in our congress that are so upset about it now.