"The most significant threat to our national security is our debt," Admiral Michael Mullen, Chairman, Joint Chiefs of Staff, August 27,2010


Monday, November 30, 2009

The Fight of our Lives

TheFundamentals received this email and, with the permission of its author, we are reprinting it in its entirety.  We are quite supportive of contacting our senators and representative on all topics.  To this end, we have published in the left margin the links to the Senate and House web pages to facilitate accessing the contact emails for all senators and representatives.  Please take out the time to let them know how you stand on all important issues.

"Dear friends and family. We all spend many hours a week reading and writing all sorts of e mail. Some funny, some serious.

NOW IS THE TIME TO GET SERIOUS!!!!!!!

The health care bill before the Senate, as I`m sure you are all aware, is not about health care but about Gov. control. If we can defeat Obama on this one I think his presidency is doomed but if we sit back and let the liberals push this through we as a nation are finished.

It`s time we did something more than just talk about freedom, it`s time to FIGHT for our freedom. Go to U.S. Sen. on the web and it will give you the e mail address of every Sen. Don`t bother with the hard core liberals as they are hopeless but send mail to the sensible ones to vote no on health care. If enough good Americans do this we can stop the madness.

Thanks Gomo

These are the ones I e mailed or called.

Even Bayh (D-Ind)

Joe Lieberman (I Conn)

Blanche Lincoln (D-Ark)

Ben Nelson (D-Neb)

Kent Conrad (D-N.D.)

Byron Dorgan (D-N.D.)

Jon Tester (D-Mont)

Max Baucus (D-Mont)

Tim Johnson (D-S.D.)

Kay Haygen (D-N.C.)"

Friday, November 27, 2009

Economic Fission or Fusion

Deficits = Debt = Destruction. This simple formula is to economics as E = mc² (see link below) is to physics.

We all know that the US of A just piled up its single largest one year deficit in spending more than it taxed – a cool $1.4 trillion. Brings the total debt of the US of A to $12 trillion. See how fast we leave the concept of deficits and focus on debt. There is no other way. Deficits don’t destroy. Debt does. Deficits are the bacteria that infects the lungs. Debt is the fluid that fills the lungs. Death (destruction) is the result when you don’t empty the lungs or repay the debt.

So, can the US of A keep piling up the debt (fluid in the lungs) and remain healthy? TheFundamentals can’t even write those words without a sneer of disdain forming. Of course we can’t. This fantasy only occurs in the world Of GWBush and BHObama. Only fools would engage in the experiment to see where such folly would take us. So whither goest this experiment?

What is the true total debt of the US of A? Perhaps it’s time to ask the two court jesters – Bernanke and Geithner to compile the numbers. The emperor is fiddling with his teleprompter and the jesters are engaging in sycophantic and nauseating motions with their claims of good news: The recession is over. Good times are nigh. Watch them dance in their colorful tights and dangly hats. You and I both know they do not believe what they say. Real leaders would say, “Frugality and sacrifice.” These fools say it’s getting better. Watch their noses elongate. Look closely. Watch their eyes move. See the beads of sweat.

Insist that the jesters provide the following numbers:

1. Total US of A debts owed to all others including government agencies

2. Total US of A unfunded commitments to pay (include everything)

3. Total of the 50 states debts owed to all others including government agencies

4. Total of the 50 states unfunded commitments to pay (include everything)

5. Total of US private debt and contingent liabilities

When you get the five numbers totaled up and eliminate the double counting you will have an idea of whither goest the experiment. Explode or implode?  Ask the jesters how we will repay the total debt and meet the commitments to pay? Ask them to provide a repayment program for the debt and a plan to meet the payments for the unfunded commitments. Obama says he needs to carefully examine the options for Afghanistan. So give him 90 days to make a debt plan. Debt is a much larger threat to the homeland.

TheFundmentals makes this modest prediction. The jesters will use the 90 days to break out the top shelf whisky. The emperor will be naked. They will develop new antics and new words to flash across the teleprompter screen. None will speak the following truth: “We are busted. Broke. Caput. Fini. Good luck. Sayonara. zàijiàn. Hasta la vista.”

Impress your friends; read about the power of the atom at: http://www.worsleyschool.net/science/files/emc2/emc2.html

Thursday, November 26, 2009

We are grateful for....

Our friends who help others

Those who help us

The innocence and hope of our children

Our family members who care

Our strength and labor

The lessons and values and behaviors others taught us

Those who forgive our trespasses

The examples of others

Our economic freedoms and those who fought for them

Our independence of thought and deed

Our sacrificing and frugal ancestors

Our heroes and heroines

Those who need us

Those with whom we share joy and pain

Nature and Her abundance

And, the Provider of it all: God and His wonderful, inexplicable ways

Monday, November 23, 2009

Who Works for Whom?

There are two problems with public employees - too many of them getting paid too much.  If existing public employees will not accept lower wages and lower benefits and defined contribution pension plans, it is time to terminate them and hire and train qualified people who will work for lower wages and lower benefits and self fund their pensions. There are over 30 million people in the United States who want to work who do not have jobs. These people will work for reasonable wages and reasonable benefits and reasonable pensions. The hell with the people who think someone owes them wages, benefits and pensions that were determined in a different time under different circumstances and different conditions. Many people want unreasonable wages, benefits and pensions and insist that it is their “right” and they “earned it” and it’s tough that times have changed but, so what; WE have a contract and the hell with you. Send a reminder to the 22 million people employed by local, state and federal governments that 30 million replacements are ready, willing and able. Many of these jobs can be eliminated; the rest can be filled with replacements.  In 1981 President Ronald Reagan, terminated thousand of striking air traffic controllers and banned them from federal government employment.  The planes still flew.  If the planes can fly without the union employees then the local, state and federal governments can replace all their union workers and the country will survive.

Pensioners, retirees and others; take note. Many states have entered into unsustainable contracts with their public employees – teachers, police, administrators, firemen and others. These contracts have pension terms that are very generous. Terms that include retirements after 20 or 25 years “on the job.” Terms that include pension benefits 60, 70 and 80% of their average wages in the last five years of their employment. Many of these terms are forced upon local government entities – cities, villages, townships, counties and school districts. They are forced on them by state law. The payment for the wages, the benefits and the pensions are mandated by state law and the burden of payment of these wages, benefits and pensions is legally imposed upon the taxpayers of the states. This is nonsense. Where did any government determine that it can impose an open liability commitment on its taxpayers? This is greed uncontrolled. This is absolute foolishness. This is criminal. The purpose of law is not to enrich one group of people at the expense of another group of people. The purpose of law is to prevent the greedy enrichment of one group of people at the expense of another. What foolish mentality establishes this form of commitment? Where are the legislators to prevent greedy people who ask for this largesse? Where are the courts to step in and say “NO” to this greed? What is the purpose of elected and hired bureaucrats if they are lining their pockets at the expense of the very people who elect them and pay them? Time for a change. Replacements are ready.

TheFundamentals supports people who want to work and know for whom they work.  It does not support people who think they have are entitled to their jobs and their wages and their benefits and their pensions.

Knowing who you work for.  Hiring replacements. These are American fundamentals.  Let's get back to TheFundamentals.

Wednesday, November 11, 2009

Veterans Day 2009

The Soldier: - By Charles M. Province

It is the soldier, not the reporter, who has given us freedom of the press.

It is the soldier, not the poet, who has given us freedom of speech.

If you can read this message thank a teacher, If you are reading it in English of your own free will THANK A SOLDIER!

It is the soldier, not the campus organizer, who has given us the freedom to demonstrate.

It is the soldier, not the lawyer, who has given us the right to a fair trial.

It is the soldier, who salutes the flag, who serves under the flag, and whose coffin is draped by the flag,who allows the protester to burn the flag.

To all the brave men and women who have dedicated or given their lives to protecting this country and it's freedoms: Thank you.

Tuesday, November 10, 2009

Special Interests: Forces of Democracy??

TheFundamentals has compiled the following list of “special interest” organizations. We have displayed their stated membership numbers and, where available, websites and PAC’s. As you peruse the list, ask yourself:

1. Do I know how much the Favors presented to these Special Interest groups cost me every year?

2. Or, am I a beneficiary of the Favors provided to these Special Interest groups and I just don’t care what they cost other taxpayers?

3. Which of these groups lobbyies for the American taxpayer and the repayment of America's $12 trillion debt?

American Association of People with Disabilities (AAPD)

American Association of Retired People (AARP) 40,000,000 http://www.aarp.org/

American Bar Association (ABA) 400,000 http://www.abanet.org/

American Cancer Society http://www.cancer.org/ ACS CAN

American Farm Bureau http://www.fb.org/ FBACT

American Hospital Association (AHA)

American Israel Public Affairs Committee (AIPAC)  http://www.aipac.org/

American Medical Association (AMA) http://www.ama-assn.org/

American Trial Lawyers Association 5,000 http://www.theatla.com/

Amtrak

Corporations and Industries:

Airlines - Air Transport Association

Association of American Railroads

Banking - (ABA) http://www.aba.com/ BankPac

Building Materials - (NBDMA)

Insurance - (AIA) (AHIP) (NAIC)

Military/Industrial Complex - (NDIA) (AIA) National Association of Realtors - (NAR)

Oil - (IPAA) (API) (OGP) (AOPL) (PMAA)

Pharmaceutical - (PhRMA)

Securities - (NASD) (NAIBD)

Trucking - (ATA)

Waste Disposal - (EIA)


Dairy Farmers of America

Department of Homeland Security 167,000 http://www.dhs.gov/

Federal Government Employees 2,730,000 http://www.usa.gov/

Greenpeace 250,000 http://www.greenpeace.org/usa/

National Association for Advancement of Colored People (NAACP) http://www.naacp.org/

National Association of Manufacturers

NASA 18,500 http://www.nasa.gov/

National Institutes of Health (NIH) 18,000 http://www.nih.gov/

National Organization for Women (NOW) 500,000 http://www.now.org/

Organization of Petroleum Exporting Countries (OPEC) http://www.opec.org/

People for Ethical Treatment of Animals (PETA) http://www.peta.org/

State and Local Government Employees 19,500,000

Unions:

American Association of University Professors (AAUP) http://www.aaup.org/aaup

American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) 11,500,000 http://www.aflcio.org/

American Federation of Government Employees (AFGE) 600,000 http://www.afge.org/

American Federation of State, County and Municipal Employees (AFSCME) 1,600,000 http://www.afscme.org/

American Federation of Teachers (AFT) 1,400,000 http://www.aft.org/

American Postal Workers Union 330,000 http://www.apwu.org/

International Brotherhood of Teamsters (IBT) 1,900,000 http://www.teamster.org/

International Union of Police Associations (IUPA) http://www.iupa.org/

National Association of Postal Supervisors 35,000 http://www.naps.org/

National Education Association (NEA) 3,200,000 http://www.nea.org/

Service Employees International Union (SEIU) 2,100,000 http://www.seiu.org/

United Automobile Workers (UAW) 1,088,000 http://www.uaw.org/


US Chamber of Commerce http://www.uschamber.com/

US Postal Service 768,000

Finally, TheFundamentals needs your help in compiling this list. Please add your names to the above list of Special Interests. Just click on the comments link below. Thank you.

Monday, November 9, 2009

American Association of Requiring People

Who are these 40 million AARP members? How on earth did 40 million of any group get together to throw their weight around? What could possibly motivate that many people to pay dues and embarrass themselves regularly by eating early to save $1.00 on the pork cutlet, $3.00 off their room overlooking the drainage ditch that keeps the interstate exit from flooding or clog the aisles in a discount store in motorized wheelchairs that are reminiscent of the dodge’em cars we loved as kids?

Could it have anything to do with handouts? Could it be related to buying into the “something for nothing” kool aid concept that has become the numero uno mantra of both political parties (PIP and POOP?) The very same concepts that they would never have embraced (we hope) when raising their children? Have they forgotten the fundamentals and values and good behaviors they were taught by their sacrificing, frugal parents? What is going on with the seniors?

TheFundamentals likes to capture the very words that are used by organizations to describe their activities based on the belief that people like to talk about themselves and are only too willing to blather endlessly about the good they can and will do for themselves with other people’s money. Here’s what AARP has to say at www.aarp.org

We believe...

All Americans should have access to affordable health care, including prescription drugs, and these costs should not burden future generations.

Our children and grandchildren should have an adequate quality of life when they retire. Social Security must be strengthened without burdening future generations.

Workers should be provided with financial incentives to save, should have access to effective retirement plans, and should be able to keep working and contributing to society regardless of age.

All that’s missing is world peace and free sweat lodges for all. Affordable health care but paid for today. So, let’s do it. Pay as you go. If you can afford it, you get it. If you can’t you get an annual amount to spend as you see fit – here in the US of A, India, China, wherever you wish to seek your medical care. Social Security without burdening future generations. Only three ways to get there. Lower benefits, raise payroll deductions or a combo of both. Let’s do it. 50% lower benefits; 50% higher taxes. Financial incentives to save? We think they mean tax incentives to save. So, their membership can’t save without “incentives?” Peel away the fancy words and it comes down to gimmee, gimmee, gimmee and pretend to be concerned about "future generations." Everything we need but shouldn’t cost too much for others to pay. Welcome to AARP and the world of seniors and their endless “should haves.” Welcome to the world of 40 million entitled citizens. Add them to the 22 million government employees and millions more enjoying fat publically funded pensions and you’re on your way to getting an explanation for the mess our beloved organizer inherited and is working so hard to fix with the able assistance of the beloved Nancy and the beloved Harry.

Friday, November 6, 2009

Smokehouse Fables

"This Little Piggy Stayed Home"

Swineville is a quiet town with nice residents, for the most part. One of the local homebuilders, Porcine Construction (PC), entered into contracts to build homes for three residents of Swineville. The first contract was for a bungalow built of straw; the second was for a ranch built of sticks and the third contract was for a colonial built of bricks. The straw homeowner, Barney Frankfurter, did not have any money so he and his friend printed some and gave it to PC. The stick homeowner, Barry Hambone, was a union organizer and he did some favors for Mayor Hogg who got him a 10% down payment grant from a local government program run by the Nutty Acorn Group. He borrowed the rest from a government program called the Swineville Reinvestment Act. The brick homeowner, R. Paul O’Ribs, was a farmer and the owner of Lupus Control Inc. He was a frugal fellow who had saved up for many years so he put 50% down and got a loan for the balance from First National Piggy Bank.

Swineville did have some residents who struggled to get along with their neighbors. One of the peskier residents was Mr. B. B. Wolf. B.B. was a bit of a bully and tended to prey on others and, every once in a while, a resident would disappear. Sgt. Oinker of the Swineville Police Department baited some traps with bacon in an attempt to lure and capture the culprit but to no avail.

B.B. was following the construction projects closely. PC finished the straw house in one day; took two more days to build the stick house and twelve days for the brick house. B.B. showed up at Barney’s straw house the night he moved in and he howled, “Let me in or I’ll blow your house down.” Barney figured his new house was safe from B.B. so he said, “Not by the hair of my chiny, chin, chin (swine talk for “take a hike.”) B.B. took in a breath and blew the straw house down and ate Barney and Barney’s friend, Bruce. Moral: Doesn’t take much to destroy anything built on printed money.

Three days later, B.B. showed up at Barry’s new stick house. B.B. knocked on the door and curled, “Let me in or I’ll blow your house down.” Barry, was a community organizer, lawyer and a union man and he was not about to put up with B.B. threats. He grabbed the phone to call the union hall, but, in the meantime, B.B. drew in a bigger breath and blew the house down and ate Barry and his girlfriend, Hillary Porkchop. Moral: Better to recognize a threat and take a hike than count on government programs, community organizers and a porkchop girlfriend.

Two weeks later, B.B. showed up at R. Paul O’Ribs house and rang the doorbell. R. Paul, who occasionally appeared in supporting roles at the local community theatre, looked through the peephole and said, “B.B., I hope you're feelin lucky today.” B.B. exclaimed, “I’m going to blow your house down and eat you.” He took a big breath and blew and nothing happened. Well, something happened right after that. R. Paul opened the door and blasted B.B. with his shotgun. R. Paul’s wife, Sarah, was backing him up with her .30-06. Moral: you can count on government programs, printed and borrowed money and community and union organizers to create the appearance of security and safety. But TheFundamentals of a frugal life; a house built with at least some saved money; a loaded shotgun and a good partner watching your back are more reliable.

The Swineville Gazette has asked us to notify readers that it is working on these related stories:

Rev. Jesse Hotdog demands investigation of hate crime charges against R. Paul O’Ribs.

Congresswoman Nancy Piglosi introduces legislation to upgrade all stick and straw buildings. Swineville Gazette has just learned that her husband recently purchased the Porker Brick Company and a minority interest in Porcine Construction.

Mayor Richard Hogg encourages all citizens to voluntarily turn in their guns before a new city ordnance outlawing ownership of guns take effect. Sgt. Oinker will distribute whistles to citizens to blow for help.

Wednesday, November 4, 2009

Collapse

The following information and reporting is available at http://www.ft.com/

“India’s decision to exchange $6.7bn for gold equivalent to 8 per cent of world annual mine production sent the strongest signal yet that Asian countries were moving away from the US currency.

The purchase by New Delhi’s Reserve Bank from the International Monetary Fund pushed gold prices to a record $1,090.90 per troy ounce, up 2.6 per cent on the day, as traders bet that other central banks would also become buyers.

Pranab Mukherjee, India’s finance minister, said the acquisition reflected the power of an economy that laid claim to the fifth-largest global foreign reserves: “We have money to buy gold. We have enough foreign exchange reserves.”

He contrasted India’s strength with weakness elsewhere: “Europe collapsed and North America collapsed.”

“This is a landmark trade,” said Jonathan Spall a director at Barclays Capital and a gold ¬specialist. “Central banks are conservative institutions and India’s move is a sign for other central banks and sovereign wealth funds that were contemplating buying gold.”

New Delhi’s acquisition came months after China revealed it had almost doubled its gold reserves in the past six years.”

That is the end of the quote. We now move to comments from TheFundamentals.

It is highly unlikely that you will receive much data and analysis about the above occurrence from Messrs. Obama, Bernanke, Geithner or the American media. The things that are going on that are the consequences of the following formula adhered to closely by these men and their handmaidens in the media: Deficits = Debt = Destruction, are not being addressed, analyzed and distributed to the American population. Call it censorship, call it manipulation, call it tyranny.   Call it what you want.  India's key finance person calls it as he sees it.  You can count on the fact that others who are disciplined and competitive see it similarly.

Let’s just repeat India’s finance minister's observations and then let’s see when the great American leadership and the great declining American media think that these issues are worth the same level of attention as being directed to climate conditions, health care for all and whether an insolvent American town should host the Olympics.

“Europe collapsed and North America collapsed.”

We’re going to say it over and over again. The only solution for America’s financial promiscuity is sacrifice and frugality. Some say this is doomsday. It just isn’t. People are doing it individually. All that needs is for government and special interests to do the same. The foundation can be rebuilt on TheFundamentals. Let’s get going.

Monday, November 2, 2009

Selling Oneself Cheap

Pat Conroy is an American author who wrote about his youth and passages growing up on the coast of South Carolina. You will recognize his titles: The Great Santini, The Lords of Discipline, The Prince of Tides and The Water is Wide. The latter was made into a movie and called, Conrack. The title is derived from the young black kids who so pronounced his name when he was teaching in their one room school house. TheFundamentals learned one of its key fundamentals when reading this wonderful story and it has to do with the title of today’s posting – selling out cheap.

Our recollection of an incident in the novel was one of Conroy’s students was a young black girl, leaving her childhood form and becoming a young woman. Conroy not only taught the three R’s, he opened the doors of the minds of these youngsters to an outside world. A world filled with uncertainty, conflict and the opportunity of challenge and growth. He wanted his kids to experience this not for his sake but for theirs. So he took them outside the one room schoolhouse, outside the short miles of their exposure, outside of the boundaries imposed on them. The aforementioned young girl did not show up for class one day. Finally, after not seeing her for a while, he went to her home and found her. She was spending time with an older man who offered her a life as a woman. Conroy said to her, don’t sell yourself so cheap. By the way, at the end the local bureaucrats disapproved of Conroy’s mind opening techniques. They fired him.  Pretty good lesson there too.

Don’t sell yourself cheap.

The responsibility for ourselves lies with us. There is always someone with a plan, an agenda, and a path that is being presented for someone else’s motives. It is our job to see through the motives and evaluate what is best for us. If we conclude we are worthless, then why not take the easy way out. Why not stand in lines for a small return while satisfying someone else’s agenda that is always wrapped in the beckoning cloth of a better life or an easier existence?

The city of Detroit voted in November 2008. 97% for Mr. Obama; 3% for Mr. McCain. The state of Michigan was 58 to 41. Mr. Obama is returning the favor and has turned the city of Detroit into a ward of the federal government. Much like the older man and the girl. Better life? Easier ways? Someone has been selling this snake oil for millennia.

The city of Detroit has sold itself cheap. We’ll see about the state. We’ll see about the country. The easy way out is neither easy nor the way out.   That is a fundamental.