Elvis Presley had it all figured out some years ago. Remember the lyrics of his song “Suspicious Minds?”
“We’re caught in a trap
I can’t walk out
Why can’t you see
What you’re doing to me
We can’t build our dreams
On low interest borrowed money”
Okay we changed it a bit. But do you get the idea? How much money do you want to lend Washington DC? Below we show you what they are paying you for your loans (Aside: for those who don’t either remember or are currently students in any secondary school or college, there used to be a payment made for deposits in money market accounts at banks for the temporary use of your money.) These payments were called “interest” and the rates are set by the fed.
30 day treasury bill .00 %
One year treasury bond .11 %
And for those of you who are really nutso:
10 year treasury bond 1.93 %
30 year treasury bond 3.26 %
So, how much do you want to loan Messrs. Obama and Bernanke and Geithner at these rates? Stop, before you answer, remember that they have companions who will be spending the money you loan them: Here are a few of them: NPelosi, RDurbin, CSchumer, JBoehner, JMcCain, MWaters, BFrank and the hundreds of thousands of employees at the department of defense and homeland security and a few other well staffed Washington enterprises.
If you worked your fannies off, saved your money, did without but tended to the business of raising your families, paying your bills, getting your kids educated and still helping out others, what does the gang above have in store for you? Well take a look at what they pay you for your money (see above) and what they are paying themselves (below):
Isn’t that great? Average federal pay with benefits, $123,000.00? You make a money market deposit at the bank (lend them your money) and they use it to pay themselves $123,000.00 each. They give you between .00 (that’s nothing) and .11% per year. In the meantime if you are lucky enough to have a job in the private sector you are earning one half of what they pay themselves. Hmmnn.
Now who is the smart one and who is the fool? Ever wonder why most of the government employees treat you like a fool when you have to deal with them? Hmmnn.
One other thing. People write books and make movies about things that happened a long time ago. Sometimes they even try to recreate the historic scene with their vivid descriptions of what people were doing and what they were thinking and how/why they behaved. We have all experienced this phenomenon. These writers and historians have been quite creative with our own American history recreating the beginning times and conflicts of our own country. When the colonists were struggling with the despotic antics of George III and his bureaucratic domineering royal agents and employees. Ever wonder how the colonists felt back then? Look around. You’re living it. Now you know why they pledged “…to each other our Lives, our Fortunes, and our sacred Honor” to dissolve their political connection with the bad guys.
Folks, ya’ gotta be nuts.
We don’t have to go to war to get rid of them; all we have to do is vote them out of office. We don’t !!!