Understanding America’s Debt

Insatiable Spendifosity – with apologies to Rudyard Kipling.

Once upon a time, dearly beloved, there was a little planet scooting around on the very edge of the universe. No I wouldn’t be telling you this story if there wasn’t a most picarious situation there on that little planet.

The problem is sentially the boss-men can’t agree about the planet wallowing in debt, not just a little debt but a big, bad debt; a VERY big debt which would be quite alright if you and I were not (again) expected to pay.

elephant and donkey fightingWallowing?

Like swimming in the pool.

They can’t swim well?

No. On one side they give out the food stamps, and the aid to refugees & immigrants (all paid for by the banking FED). The other side fancies big bombs and whrrrrrring fast planes. You like that eh? Truth is this side that likes to fight are mostly OLD men, been getting a payoff under the table since before time began.

Will you & me, one day, be expected to pay?

Unless they get their act together. Fraid so!

How much do we owe?  A quarter, a dollar, ten dollars, a hundred dollars? The debt is now way over 120 trillion dollars.  To pay your share you would have to work for a whole year with no ice-creams, no burgers, and you wouldn’t be able to pay the rent or even go to school. No you are right, they really don’t know what they are doing! There is only one thing on which both sides agree: they all love to spend and spend and spend and spend.  Right now one boss-man wants to cut the entitlements while the other wants to get the money from the rich.

What is titlements? Well it is like this, if you loan money to the government or to a banker, then when they finally get to pay you back, then they call it titlements.

Makes a face.

Let me tell you a secret, dearly beloved.  They pretend not to agree, but I suspect it’s all for show.  You remember the time you and I were caught with our hands in the cookie jar and we had to concoct a good story together?

Are bankers the same as boss-men?

Kind of, sort of. It is the bankers have their fingers in the cookie jar!

Still looking down at the deb-pictures. They call this the fiscal cliff?

That’s what it is called.

Explain?

It is when you put too much money in the cookie jar, dearly beloved, and then you try to pick up the jar,  but it has gotten way, way too heavy.

So you drop it?

Yes.

And it breaks?

Yes. Into a thousand little pieces.

Giggling. And the money it runs everywhere?

You think that’s mighty funny? You like that?

Sure Then we not owe anything.

You are way too smart by far.

Sadly dearly beloved they still get us.

No fair. Stamps his foot.

I do understand your anger, dearly beloved.  One hundred and twenty trillion dollars is one hefty, big tag they are going to be asking you & me to pay. Now this month  they are increasing it to thirty trillion and what gets me is they want to PAY FOR REFUGEES FOR FIVE LONG YEARS.

Refugees?

People who ran away from the bad guys.

They the ones coming to steal from the cookie jar?

Yes dearly beloved, you got it.

They ask us to pay.

If the bank doesn’t fail. Then they replace the cookie jar.  They call it a bank bailout.

So we owe double?

Wherever did you get that smart?

Bankers are the bad guys?

They all bad guys. Spenders and bankers, and everybody who tries to steal from those who work. Sigh.

kids 4 trumpWhat about the big man?

Which Big Man?

The big man, silly, he the one with the funny, faces, he know about such things?

Yes I think he does.

 

He made the debt?

No. Not him. He’s far too clever. He manages money wisely.

And you say it’s my money they are spending?

Fraid so.

I think the big man going to fix it up. I think one day he get mighty mad and I think he big and strong enough to throw all the bad men over the Fiscal Cliff? #DTS

Laughs. You may be right.

I call  him?

I’ll teach you how to tweet.

 

Quote for the Week

Blessed are the young, for they shall inherit the national debt.”
Herbert Hoover

 

 

 bluelynnSAbout the Author
Lynn Verhoeff (Grandma Thunder) has published two books, “Politics IOU” and “Magic Money” both on Kindle.  The first is satirical about banking and the second, examines the conflict of our times, Globalism vs Patiotism. You can read more at fb Grandma Thunder – an Independent Voice or Blog/Grandma Thunder  or  Free Books by Grandma

Understanding Bad Legislation

Dirty Tricks have been used to pass Bad Laws

We have a sound system given us by the founders. And it works but if we don’t find & INVESTIGATE AND PROSECUTE the enemies within, we could be losing America to global oppression.

When we talk of making a law, this is the ideal: One transparent source, one subject, one bill, enough time for politicians to read the bill, enough time for the electorate to weigh in on the bill, a simple up/down vote ON THAT ONE SUBJECT and a two thirds majority where applicable. Could it be simpler? Simple is good.

Sadly this is not how it works in Washington. Do you wonder why Congress has such a low approval rating?

LOL. The Senate has just voted in favor of a continuing resolution, a funding bill for the Federal Government’s spending until Dec. 9.

The only problem is that there was no bill. They were voting on a nothing. 

There was no text for this bill, yet the Senate voted 89-7 to proceed to this nonexistent bill. This is a 2016 government spending bill that should have been written and discussed and negotiated and published long before Congress went on vacation.

Congress has the job to make laws but it also has the power to set budgets and thereby control spending. This gives them the means to curb excesses or corruption in the Executive or the Judiciary. The three functions of government should be balanced one against the other. No more.

In Sept 2016 there are two federal excesses Republicans should have been controlling, the Internet handover and secondly the the high cost & ethics of the “Refugee Invasion” Neither was addressed in this the latest McConnell sellout.

If voting on a bill that doesn’t even exist were not so potentially tragic, it would be laughable. 

01one bill

The Mitch McConnell-Harry Reid era has witnessed a Senate that is less transparent, where individual members are less aware of their rights, and where there is a growing centralization of power in the leader’s office.

Not okay 

McConnell finally produced the bill giving Senators only four days to study it before voting (two of these were weekend days)  Was it planned to slide this through while everybody’s attention was on the first Debate?

Sadly, this is not the first time this irresponsibility has happened.

The Story of Glass-Steagall 

Glass Steagall (1933 -1999) was legislation that curbed income inequality. The biggest challenge we face to day is income inequality.

Glass Steagall was repealed right at the end of Bill Clinton’s watch and it has been said that this and the irresponsible deregulation that occurred during the Clinton second term, sewed the seeds for the BIG CRASH of 2008. Robert E. Rubin and Mr. Summers, also culpable for our current economic woes, still maintain strong influence in the Hilary campaign. Neither has been investigated nor prosecuted.

TBTF

Glass- Steagall was designed to limit conflicts of interest and the creation of over bloated banks with questionable assets that in 2016 are again getting too-big-to-fail.

Banks would never have needed the bail-outs, while still being banned by Glass Steagall from underwriting securities. Glass Steagall is a simple law and it forces banks to choose between being a simple lender or an underwriter (brokerage). It is a good law and it worked for half a century.  It could work again today. Derivatives (which were banned by the Glass Steagall) are fast creating the next financial crisis. We have a dangerous situation with even more banks that are too big to fail.

Along with this forming bubble, is the unsustainable debt the quality needed most in the next president of 2016 is a clean slate with regards to finances. Even more than that we need a STRONG president to help us handle any fallout that may occur from what is still a condition laid in by Bill Clinton, his economic advisers and the big banks.

The story of the Federal Reserve

Fed stats

The Federal Reserve Act was enacted on December 23rd 1913 to create the Federal Reserve and the Central Banking System.  It was slipped through Congress while most of the delegates were away on holiday!

How effective has the Federal Reserve been in managing our money?  Statistics show they did turn the economy around in 2008, but that the recovery for main stream has been tepid at best. Small business is still struggling and too many people are living paycheck to paycheck. They can’t blow thier horn on having had much success. Of most concern is this is the USA debt that they have created for our children.

At this point in time, the Fed is an established part of the fabric of our system of money but there should be more oversight.  Significant efforts to get a complete audit of the FED have so far failed. There has been no complete audit of this establishment in the over 100 years of its existence.

They have allowed the market to turn into one giant casino and should be audited and held accountable.

ObamaCare

cost of obamacareIt is still too early to evaluate this expensive Act; so far there have been some good and some bad consequences. We do know though that it is costing the country money. So be it. What we can say with an absolute certainty is that ObamaCare is not a law crafted with legislative integrity.

ObamaCare was passed by democrats; not a single Republican voting for it and there were some legislative shenanigans used to force it through; making it a coercive law.  Is it any wonder that the GOP rage about healthcare is still escalating?

Harry Reid in 2009 was confident he “just” had the 60 votes to get OmbamaCare passed; however according to congressional rules, (like now) such a bill could not originate in the Senate as it is a revenue bill. So Reid went ahead and found an old Senate bill HR3590 (a military housing bill) and stripped the bill of its original language, thereby creating ObamaCare. Huh? You get it. That’s right. ObamaCare began with a confused identity.

There were other problems: The house wanted to make some changes to the bill and the house-amended version was scheduled to go back to the Senate for approval.  Unfortunately in the interim Senator Teddy Kennedy died getting himself replaced by a Republican. Hello! Reid no longer had the votes to get the amended Act approved.

He cut a deal; the House would pass the Senate’s original bill (no changes) and in addition the House would create a new bill that tabled all the desired changes calling it a reconciliation bill. After all who cared about the changes? The bill is so long and complex that nobody was going to read it anyway.

ObamaCare was not created by politicians; it was created by Big Pharma and their lawyers, nothing representative here.  Nothing simple here.

Of course with a Reconciliation Act tagged on, this only further complicated the complex bill.  Note: Such a use of a reconciliation bill is also contrary to congressional rules.

Twice now the Supreme Court has rubber-stamped ObamaCare raising the question, given its blatant illegality, are there any other dirty tricks here in play like blackmail?

None of these above laws could have been passed or been forced on us had there been a true integrity in the legislative process and an ethics body to investigate and make sure our politicians play by the rules.

What the corrupt Senate does not know is that it is a new day and the American citizen is coming to take his country back. This kind of legislating is totally unacceptable. We are expected to follow these bad laws.  So we are going to expect our elected officials to shape up. Minimally they should be carefully studying and understanding all bills before they vote on them. And they need a moral compass when voting.

Let them all be put on notice: We are recording their votes and holding them accountable.

2016 should also be the year when we have the courage to hold our banks accountable, demanding that those who manage our money and our healthcare, do so in the interest of the greater good.

Quote for the Week

“We are making up the rules as we go along.”

Alcee Hastings of the House Rules Committee during the ObamaCare bill process.

About the Author

bluelynnSLynn Verhoeff (Grandma Thunder) has been writing for twenty years.  She has published two books, “Politics IOU” and “Magic Money” both on Kindle.

You can read more posts at www.grandmathunder.com
“Politics IOU” is posted at www.granmawriting.com and is a FREE download (but only until the election)