Fiscal cliff
I wanted to talk a little bit about the fiscal cliff our government faces.
So, with that in mind this letter is meant for our leaders in Washington. “Dear legislators, I want you all to take out a piece of paper and with the help of the revenue people write down the amount of money we have coming in next year. Now with the help of the people who pay the bills write down the amount of money that we need to pay those bills. Now subtract the bills from the revenue. What’s left over is what you get to spend. What’s that, you say? There is nothing left over. What does that say to you?”
We might get over this fiscal cliff safely. But were only going to be on a ledge for a while. Within two or three years, if we go on as we are, this country faces financial ruin of the type never faced before. The reason for this is because last year, and for many years previously, you chose to ignore that red ink when the arithmetic was done and borrowed more money.
In the real world, you can get loans no matter how bad your credit is, but when you don’t pay it back, people with baseball bats come and break your kneecaps.
When the government can’t pay its bills anymore and you can’t fund all of the programs you set up and things you promised people aren’t there, maybe no one is going to get their knees broken, but bad things will happen to this country.
The word fiscal means relating to financial matters. The word fiasco means something that is a complete failure. I’m not sure somebody didn’t make a typo when they talk about our government and money.
Mike Holst
Crosslake
Comments (6)
Add commentHope this does NOT encourage John B. (R) OH = Mr Speaker
To reinvent his former strategy for the country " Lets just all start over with a clean sheet of paper" like he did with ACA.
The discussion about the federal budget short fall has been going on for some time now , with no light at the end .
The future of the GOP US House is not looking very bright , based on their previous actions and statements.
Cap
439,000 new jobless claims. 78,000 increase.
Where your head is, your never see the sunshine.
Some recent lay-offs. GE
Some recent lay-offs.
GE Healthcare
Panasonic - 10,000 more by March
Potash corp.
American Cotton Corp.
Texas Instruments - 1700 layoffs
Stryker Corp. -- 96 (Big Obama donor)
Smithfield Foods
Cummins
Sodel Solar Systems
Panasonic- 10,000 more by March
Xerox - 2500
This is not good for our country.
We can't blame all the
We can't blame all the jobless claims on "Sandy".
On the list are some companies in the East that
are layoff due to Sandy, but I didn't list them.
Sandy's come along (you know, global warming)
that has to be figured into however they figure the unemployment numbers.
Reverse thinking is not progressive thinking.
You just bring up our thoughts and rail against us.
Rockets are flying in the MId- East. Explain that
to we people with our heads in our body parts.
Usually when someone accuses someone of something,
they are the ones doing it.
Real Leader
Well folks, after four years of waiting, now we get to see the real Obama in action !
I predict that that old
I predict that that old republican dinosaur from KY has forgotten this is a new term and will stay focused on holding Americans hostage in order to make Obama a "one-term president".