tag:blogger.com,1999:blog-47796616821152722962024-02-08T06:03:23.752-08:00grandpa timmies political / economic viewsA commonsense ,easy to understand review of our current economic and political mess with proposed solutions.killarneytimhttp://www.blogger.com/profile/01618942954272218160noreply@blogger.comBlogger105125tag:blogger.com,1999:blog-4779661682115272296.post-12097339388474347942011-01-04T13:48:00.000-08:002011-01-04T13:48:39.985-08:00IT IS ALREADY STARTINGThe new congress starts tomorrow and they are proposing a 100 billion cut in spending for some discretionary spending including education. There is already outrage at such drastic proposals.<br />
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Get used to it. A 100 billion cut is tiny compared to our overall spending of 3.2 trillion.It is not drastic at all, it just upsets special interests. They are talking about laying off 40000 teachers.Why not lay off the bloated administrators who are not actually in the classroom.? The reason we hear teachers instead of administration is that no one gets upset when administrators get laid off but they do when teachers get let go.<br />
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If this congress is serious about cutting spending , and I think they are , then we will be seeing a lot more arguing, finger pointing and scare mongering. Do not be miss led, the real and only fear is that our debt will bring us down.<br />
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killarneytimhttp://www.blogger.com/profile/01618942954272218160noreply@blogger.com0tag:blogger.com,1999:blog-4779661682115272296.post-21459430197924661372011-01-04T11:02:00.000-08:002011-01-04T11:02:25.051-08:00WHEN WILL WE LEARN ? Did you know that airport managers are not happy with TSA and have the option to opt out and have a private firm take over. Many airports are opting out and can not wait to give the business to private industry. Their reasons are unhappy travelers, no accountability,bloated and inept management,no response to complaints , inability to terminate poorly preforming employees, and inability to adjust working hours to load resulting in longer delays.<br />
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Are there any surprises here? Think US postal Service and most other government run agencies. We keep trying the same thing again and again and still get the same results. By definition we are idiots.killarneytimhttp://www.blogger.com/profile/01618942954272218160noreply@blogger.com0tag:blogger.com,1999:blog-4779661682115272296.post-82602312991804330522011-01-03T13:33:00.000-08:002011-01-03T13:36:19.083-08:00A LETTER TO THE NEW CONGRESS Welcome to the 212th congress. We just want to make certain that you got our message. We do not approve of the direction our country is heading and are very upset at the job done by previous congresses. We are drowning in national debt. We want economic growth and the jobs that come with it. We demand that you fix this mess.<br />
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We know that the federal debt is what is holding this country back and we expect you to fix it. We know that we all will have to sacrifice and are prepared to do so as long as you spread the sacrifice evenly. We accept that you will have to make cuts in sacred programs and may have to eliminate some departments which have not performed.We also accept that you will have to speed up bringing our troops home. We even anticipate that you may have to increase taxes eventually.But we expect you to balance the budget,reduce the debt,and spend our money wisely.<br />
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You must change your ways. We will not tolerate political bickering and attacks and will not accept the blame game anymore. You will have to learn to compromise and quit pandering to special interests and the extreme wings of your party which do not represent the views of those who elected you. You all ran with a R or D next to your name ,but you were elected by voters who have an" I" next to their name. Fail us and we will initiate our own form of term limits . Thank you and good luck.killarneytimhttp://www.blogger.com/profile/01618942954272218160noreply@blogger.com0tag:blogger.com,1999:blog-4779661682115272296.post-30808458153533782902011-01-03T12:34:00.000-08:002011-01-03T12:34:34.940-08:00THEY JUST DO NOT GET ITA new pole today shows that 61 % favor raising taxes on the rich to cut the deficit. And 20 % say cut defense spending ,4 % medicare and 3 % social security. Wow these people are ignorant. The attitude is cut the deficit but don't use my money.<br />
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The deficit is 1.3 trillion. Raising taxes on the rich back to the Clinton era levels raises revenue 90 billion. So how do these idiots think we will come up with the other 1.2 trillion? Cut defense will almost do it if we cut it by 100%.<br />
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Big sunrises are coming.<br />
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killarneytimhttp://www.blogger.com/profile/01618942954272218160noreply@blogger.com0tag:blogger.com,1999:blog-4779661682115272296.post-23849690016120249192010-12-30T19:01:00.000-08:002010-12-30T19:01:33.619-08:00JOBS Have you noticed the trend after each economic slowdown? As the economy starts to recover and then does , it is usually referred to as a " jobless recovery " That is what has been happening and it will continue. When the economy slows businesses cut back to take a defensive position. They then look for ways to improve productivity. This often results in ways to work smarter which includes better technologies . Then as the economy improves they find that they can grow too but without needing to revert to the employment levels that existed pre slowdown. The result is that business can grow without hiring. This is good for the business and the stockholders but not so for people looking for a job.<br />
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The way for employees to participate is by improving their skills and knowledge but unfortunately we do not have a good national program in place to make this happen and the result is that we get increasing unemployment levels among the less educated . The level of unemployment among high school dropouts is 17 % and it will change little as the economy does improve.As a country we need to increase and improve the level of education of the younger generation but we have a school system that fails them.<br />
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killarneytimhttp://www.blogger.com/profile/01618942954272218160noreply@blogger.com0tag:blogger.com,1999:blog-4779661682115272296.post-90987119461535556962010-12-29T12:55:00.000-08:002010-12-29T12:55:04.160-08:00POOR CHARLIE NEEDS HELP ; YOUR MONEYPoor Charlie has problems. As you recall he was found guilty on twelve counts of ethics violations and this ran up a big legal bill which has not been completely paid off. Now it seems he has to hire new lawyers to defend himself on another charge of using PAC money to partially pay his legal bills from the earlier defense.<br />
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So to get this straight, he broke rules and laws and illegally used Pac, read other peoples money , to defend himself and now has a legal defense fund , read other peoples money to defend himself for using other peoples money. I guess he has no understanding of personal responsibility but then why should he, he is a congressman.<br />
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If you feel moved to help poor Charlie send your money to Poor Charlie , #6 Irresponsible Way, Government Criminal Dept. , Defend The Idiot Chairman, Washington District of Criminals USA.killarneytimhttp://www.blogger.com/profile/01618942954272218160noreply@blogger.com0tag:blogger.com,1999:blog-4779661682115272296.post-46185948391941240712010-12-20T11:00:00.000-08:002010-12-20T11:00:11.321-08:00EVERYONE WINS : EVERYONE LOOSES We all know that the deficit is a major threat to our future. The new tax bill will only makes it worse. The bill reduces federal revenues and expands spending and the deficit grows even faster. Yes, the tax bill has something for everyone and will no doubt add a boost to the economy but the resulting growth will not be enough to have a positive affect on the deficit..<br />
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We can not grow out of the problem. If we do not see sweeping moves in the new congress to attack the debt head on, we will stall growth again , our credit will be downgraded, and we will be further down the path to becoming a second rate economy. Think Greece, England, France , Spain ,Ireland . We could end up looking up to them.They have made drastic moves to cut spending. We have not, yet.killarneytimhttp://www.blogger.com/profile/01618942954272218160noreply@blogger.com0tag:blogger.com,1999:blog-4779661682115272296.post-38038495404014854282010-12-18T16:52:00.000-08:002010-12-18T16:52:03.114-08:00IT IS ABOUT TIME Finally gays can serve openly in the military. Are we seeing a new atmosphere of compromise and cooperation in Washington? Hope so. IT's about time.killarneytimhttp://www.blogger.com/profile/01618942954272218160noreply@blogger.com1tag:blogger.com,1999:blog-4779661682115272296.post-38132361435369646862010-12-17T15:00:00.000-08:002010-12-17T15:00:36.656-08:00BIGGEST LIES EXPOSEDThe two biggest political lies of 2010 :<br />
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Obamacare is a government takeover health care.<br />
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"The ethics report exonerates me" Charlie Rangelkillarneytimhttp://www.blogger.com/profile/01618942954272218160noreply@blogger.com0tag:blogger.com,1999:blog-4779661682115272296.post-15482849633090122902010-12-17T12:57:00.000-08:002010-12-17T12:57:39.214-08:00WILL GOD SPEAK TO SARAH ? Sarah Palin was asked today about her plans to run in 2012.Her reply was " it is a prayerful consideration " What does that mean? Maybe she is waiting for a word from God. I have a word from me "Sarah, keep your soap opera out of the political arena "killarneytimhttp://www.blogger.com/profile/01618942954272218160noreply@blogger.com0tag:blogger.com,1999:blog-4779661682115272296.post-21492462356856005512010-12-17T10:54:00.000-08:002010-12-17T10:54:32.141-08:00THANK YOU MAVERICK John McCain did us a huge favor. He stopped the omnibus spending bill from going to a vote.This is a major victory for the tax payer.Harry Reid has had all year to get the spending bill through, but waited to the last few days to force it through with lots of pork and wasteful spending. He did not want it to see the light of day. The man has no morals at all.<br />
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Now just maybe, the new congress will have a chance to put forth a new bill that is more frugal and better for our future. Thank you Maverick.killarneytimhttp://www.blogger.com/profile/01618942954272218160noreply@blogger.com0tag:blogger.com,1999:blog-4779661682115272296.post-86317988680268980722010-12-16T14:08:00.000-08:002010-12-16T14:08:47.317-08:00LETS ROB THE RICH TO HAVE MORE TO WASTE The house vote on the tax bill is being held up by the liberal left so that they can voice their outrage at the estate tax. The amount of money involved is only about 10 billion, but they would have you believe it is hundreds of billions. So to them it is outrageous to let the rich keep an additional 10 billion, but they have no problem adding 8 billion in unneeded pork to the spending bill. They have no morals or sense of fairness at all.I wish I could send them some of my outrage with their irresponsible behavior.killarneytimhttp://www.blogger.com/profile/01618942954272218160noreply@blogger.com0tag:blogger.com,1999:blog-4779661682115272296.post-81990946381310196222010-12-16T13:35:00.000-08:002010-12-16T13:35:58.095-08:00OH HOW LOW CAN THEY GO ? A new pole today shows that 86 % have an unfavorable view of congress, a 30 year low. This puts them below used car salesmen and BP oil .How can this be, we voted for them.? Sure does not give much weight to the dem.vs rep. blame game . It is the congress , not the left or right that is the problem.killarneytimhttp://www.blogger.com/profile/01618942954272218160noreply@blogger.com0tag:blogger.com,1999:blog-4779661682115272296.post-90881326347883483212010-12-16T10:46:00.000-08:002010-12-16T10:46:52.460-08:00PELOSI VS PALIN A new pole today shows that Nancy and The Mad Momma Bear are tied in the category of high disapproval. No surprise there . What is surprising is how much influence Sarah has gained since being an unknown not long ago. She has a lot of great one liners but that is as far as it goes. How anyone can use here name and president in the same sentence is beyond me. Maybe it is the power of Dancing With The Stars.killarneytimhttp://www.blogger.com/profile/01618942954272218160noreply@blogger.com0tag:blogger.com,1999:blog-4779661682115272296.post-82198738846220774002010-12-15T13:13:00.000-08:002010-12-15T13:13:18.114-08:00NUMBER ONE MESSAGE TO THE PRESIDENT During the meeting the President had today with 20 leaders of big business concern about the debt was mentioned by the executives . The well founded fear they have is that our debt is unsustainable and they are worried about how it will be handled and how it will affect our future. In addition to the previously bad relationship between the President and business, fear of the debt bomb , is probably the number one problem inhibiting investment, hiring and growth.<br />
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I really hope the president and congress get the message loud and clear because even if business and government become best buddies, not much growth will result without a real and serious plan to reduce deficit spending.If we do not, the credit markets will force a very painful change that will be bad for everyone.killarneytimhttp://www.blogger.com/profile/01618942954272218160noreply@blogger.com0tag:blogger.com,1999:blog-4779661682115272296.post-58051111876658179772010-12-15T12:58:00.000-08:002010-12-15T13:00:48.470-08:00IS THE WAR OVER ? I am referring to the war between the white house and corporate America. Since the election the relationship between the two has been hostile . I have been saying that one of the reasons that our economy has been stuck is the bad relationship between the white house and some of the liberal left of congress with corporate America.Corporate America will not invest and hire under an environment of uncertainty and part of that has been the attitude of the president towards corporate America. In the past he has stated that profit [ greed] is evil and the pursuit of profits is a less honorable than public service.<br />
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</div><div> Today the president met with 20 members of American industry to make peace and to find a way to work together to promote investment and jobs. Yes the 20 representatives invited were mostly friendly to the administration, and those most hostile were not invited. However those who attended were quite upbeat about the meeting and this could be really good news for the economy.The big difference from previous meetings is that this time " the president listened , did not lecture , and really seemed engaged."</div><div><br />
</div><div> If the president is sincere,and I hope he is, this could be a new beginning of government and private business working together to point us in the right direction. After all, government does not create jobs, private business does, and it needs the government to create an environment conducive to creating jobs. Maybe just maybe this will happen and we will all benefit. </div>killarneytimhttp://www.blogger.com/profile/01618942954272218160noreply@blogger.com0tag:blogger.com,1999:blog-4779661682115272296.post-7231192405030404392010-12-14T18:49:00.000-08:002010-12-14T18:49:56.681-08:00HELP WE NEED $120 MILLION ; FOR OUR BEAVERS ;REALLY One bit of pork added to the omnibus spending bill is 120 million dollars for beaver management in North Carolina. Really, that much for beavers?<br />
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I know firsthand that we in North Carolina have a good working relationship with our beavers. When the beavers get out of line , we deal with it ourselves, legally, and do it for no charge . What in the world are they going to do with 120 million dollars to manage beavers.? Home improvement possibly?killarneytimhttp://www.blogger.com/profile/01618942954272218160noreply@blogger.com0tag:blogger.com,1999:blog-4779661682115272296.post-72423650233559464292010-12-14T18:07:00.000-08:002010-12-14T18:07:41.143-08:00INSULTING ;OUTRAGEOUS BEHAVIOR The lame duck congress is winding up business .Today they are trying to push through what is called an omnibus spending bill which is to fund the cabinets for the next budget year which actually started in october without a budget. This bill is 1900 pages , which means no one knows the entire contents.It is for 1.27 trillion in spending compared to total revenues of 2.5 trillion.The outrageous part is that it also contains 8 billion in earmarks. Yes the things we have heard the " new " congress will eliminate.Most came from the left , the same people who debated so vigorously about tax cuts. The rest came from lame duck idiots.<br />
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So to get this straight, Congress spends months debating tax cuts and DODT , then wants to pass in a day or two a huge spending bill which will consume half their revenue, which no one has read ,the public has not seen , should have been done months ago, by people who add special add ons ,which they said they would not do anymore,for projects few want and voted on by people will be out of office in a week or two.<br />
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Is this a sensible way to run a country?Is there no shame?killarneytimhttp://www.blogger.com/profile/01618942954272218160noreply@blogger.com0tag:blogger.com,1999:blog-4779661682115272296.post-334371015182395112010-12-13T20:43:00.000-08:002010-12-13T20:43:25.571-08:00YES WE CAN CUT DEFENSE SPENDING We all know the cold war is over but does the military? Look at foreign troop deployment.<br />
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Afghanistan 100000<br />
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Korea 40000<br />
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Japan 50000<br />
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Germany 60000 [ 21 bases ]<br />
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Italy 10000<br />
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UK 10000<br />
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Kuwait 11000<br />
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That is 281000 troops stationed off shore . Why? The cost of this is maybe 300 billion a year , more if you count the cost of the bases. What is happening here is that the US taxpayer is subsidizing the defense budgets of the above listed countries.<br />
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The most glaring outrage is the 11000 troops in Kuwait which are there for only one reason and that is to protect Saudi.So a country that can not afford it, is protecting a country that can. Yes we are generous and crazy.killarneytimhttp://www.blogger.com/profile/01618942954272218160noreply@blogger.com0tag:blogger.com,1999:blog-4779661682115272296.post-47455881258167305082010-12-13T11:21:00.000-08:002010-12-13T11:21:14.414-08:00US CREDIT DOWNGRADED Moody is a highly political company that rates debt of all types. It currently has the US debt ie treasuries, rated as AAA ,its highest rating.Moody stated today that it may be forced to reduce US debt ratings due to the current unsustainable debt level and the affects of the tax deal in congress.It anticipates reducing the rating in a year or so.This means treasury rates will go up.They already have in the past week to the highest level in six months.This in turn makes the cost to finance the debt higher,forcing yet higher debt levels.<br />
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To figure out what this really means conceder the source.Remember Enron? Just before it collapsed, stock analysts were rating it as a strong buy, a must own stock.Moody is no different than the stock analysts. Just before the financial collapse they had a AAA rating on the credit default swaps.<br />
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So if Moody says it might have to downgrade US treasuries in a year, it really means that treasuries are actually downgraded now. This means higher interest rates, higher taxes and higher unemployment are almost a certainty.<br />
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The fact is that the total revenue from estate taxes is about 1 to 2 % of total federal revenues.Over half of of estate tax revenues come from estates over 10 million dollars. So the bottom line is that the compromise on estate taxes will have an impact on federal revenues of 12 billion dollars . Not exactly a budget buster as some would have you believe. This could easily be paid for simply by eliminating the Amtrack and corn ethanol subsidies [ about 10 billion combined ].<br />
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I say let the moderate rich keep their hard owned money.They worked hard to earn it. Get rid of things that make no sense and waste everyone's money.<br />
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killarneytimhttp://www.blogger.com/profile/01618942954272218160noreply@blogger.com0tag:blogger.com,1999:blog-4779661682115272296.post-49142299087332187342010-12-09T18:07:00.000-08:002010-12-09T18:07:18.816-08:00grandpa timmies political / economic views: JUST THINK ABOUT THIS ; VERY SCAREY<a href="http://killarneytim.blogspot.com/2010/12/just-think-about-this-very-scarey.html?spref=bl">grandpa timmies political / economic views: JUST THINK ABOUT THIS ; VERY SCAREY</a>: " We spent 440 billion to service our debt this year. We also spent about 1 trillion for defense. Total spending about 3.2 trillio..."killarneytimhttp://www.blogger.com/profile/01618942954272218160noreply@blogger.com0tag:blogger.com,1999:blog-4779661682115272296.post-30834475796045198242010-12-09T18:06:00.000-08:002010-12-09T18:06:15.597-08:00JUST THINK ABOUT THIS ; VERY SCAREY We spent 440 billion to service our debt this year. We also spent about 1 trillion for defense. Total spending about 3.2 trillion about 1.2 trillion borrowed. If the current proposal for taxes and unemployment is passed we got a real problem . In just nine years the the interest on the debt will go close to 900 billion.How in the world are we going to pay for it? What do you mean ,don't touch my social security or medicare ? We will be fortunate just to pay the fuel for Air Force One. Interest rates are going up.killarneytimhttp://www.blogger.com/profile/01618942954272218160noreply@blogger.com0tag:blogger.com,1999:blog-4779661682115272296.post-14034995734034484762010-12-09T14:37:00.000-08:002010-12-09T14:37:20.215-08:00POLITICAL PAYBACK IN THE EXTREME ; WE LOOSE CHINA WINS Why is a big wind farm in texas a bad idea? This is complex and maddening. First the contracting will be done by a Chinese co. The three hundred turbines will be made by A-Power. This company is new ,has never made a turbine , and got it's technology from GE.A-Power is in China !!!.<br />
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The wind farm , Spinning Star, will be 51 % owned by four business men who will have put up no investment. They are working to get loan guarantees from the Dept. of Energy [taxpayer ]and 450 million in our stimulus money!!!<br />
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So how is it possible that the taxpayer spends 450 million dollars to import products from China , guarantees a loan over one billion dollars for four men who own half the business and have no financial stake? It is political payback again.These four men have been among the top donors to the democratic party. Two have spent many nights in the Whitehouse. Their spearhead to get this done is , you guessed it, Harry Reid.killarneytimhttp://www.blogger.com/profile/01618942954272218160noreply@blogger.com0tag:blogger.com,1999:blog-4779661682115272296.post-68819258157402067412010-12-08T14:22:00.000-08:002010-12-08T14:22:07.352-08:00CORPORATE TAXES GOOD OR BAD ? Those on the left love to attack our corporations accusing them of being greedy at the expense of the working man. They love to punish them with the second highest corporate tax rates in the world then criticize them for moving off shore. Ask yourself, if you lived in an abusive family, and had the means to do so, would you stay or leave?<br />
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When we use punitive taxation we only hurt ourselves. First the tax on US companies is just added onto the price we pay on their products sold in this country , so in essence we just increase our own taxes. Second the corporations are much more likely to put new facilities in other countries where they are welcomed with lower tax rates.<br />
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So , does big business take jobs offshore or does our government push them offshore?killarneytimhttp://www.blogger.com/profile/01618942954272218160noreply@blogger.com0