Archive for the ‘Congress’ Category
The Unwanted Christmas Gift
Ronald Reagan correctly stated that the nine most terrifying words in the English language are “I’m from the government and I’m here to help.”
The very last thing we need is a new government agency micromanaging the financial decisions of banks, businesses and individuals. We already have seven powerful entities tasked with the oversight of the banking, lending and investment industries.
We have the Federal Reserve. We have the Comptroller of the Currency. We have the Federal Deposit Insurance Corporation. We have the Securities and Exchange Commission. We have the Commodities Futures Trading Commission. We have the National Credit Union Administration and the Federal Housing Finance Agency. They have done such a wonderful job. Just look at the mess we’re in!
Now, the Obama Administration and the Democrats have given us a new, onerous, unaccountable regulatory agency with virtually unlimited power to control all of our money that isn’t hidden under a rock somewhere. It’s called the Consumer Financial Protection Bureau. If you are the least bit familiar with Washington, the name alone is enough to leave you shaking in your boots. Read the rest of this entry »
Suckers!
One of the most familiar comic strips in history has Peanut’s character Lucy holding the football for gullible Charlie Brown. It has been repeated again and again. We all know what is going to happen. At the very last moment Lucy will pull the football out of the way and Charlie Brown, with his full force behind the kick, goes sprawling.
It’s all very funny. Why does Charlie keep falling for Lucy’s promise that she will never, ever do this again? Still we laugh. We can’t seem to get enough of it. Why? Because it mirrors real life.
We the people are Charlie Brown, Congress is Lucy and our ballooning national debt is the football. Read the rest of this entry »
Obama’s Latest Plan to take over the Private Sector
Quick, name me one thing the government does better than the private sector?
Frankly, I’ve really tried and I can’t come up with one.
At the moment, I am reeling over the latest scheme to expand government under the guise of shoring up the nation’s real estate market. President Obama is laying the groundwork to become the nation’s landlord-in-chief. He wants the government to rent out these houses.
The Federal Housing Finance Agency announced it is seeking input from investors on how to rent homes owned by government-controlled Fannie Mae and Freddie Mac and the Federal Housing Administration.
One-term President; One-term Speaker
The American people just got flimflamed by their elected representatives, again.
It’s a matter of simple arithmetic. You are spending more than you are taking in. Your salary is flat with no relief in the foreseeable future so your family is forced to cut its budget. Will you be spending more or less next year than you are this year?
“What kind of question is that?” you ask. “Of course, I will be spending less.”
Not in Washington. Our lawmakers were asked to cut the budget and they made a deal that has us spending more each and every year. It’s a con game that has been going on inside the beltway for far too many years now and it has got to stop!
When “Balanced” is Unbalanced
There are certain words that are overused in Washington. They have proven effective in covering a multitude of sins and soothing an angry electorate: These words include compromise, bipartisan, comprehensive, and deficit reduction.
The beauty of using these words in Washington is that there is no expectation by lawmakers that they be grounded in reality. The “comprehensive immigration reform,” during the administration of George W. Bush was the code for amnesty. Before that, we had back-to-back “five hundred billion dollar deficit reduction” bills offered by George H.W. Bush and Bill Clinton. Both of these bills had nothing to do with reducing the deficit and everything to do with getting out from under the constrains of the current budget. They were designed to increase, not decrease, federal spending.
Now we have this new word, “balanced,” trotted out by Barack Obama. On Monday, he used it seven times in his brief address to the nation. It is designed to make us feel comfortable about rasing the debt limit, again, because we have maxed out the national credit card. Read the rest of this entry »
