One of our government’s moves during the last decade was the implementation of the Homeland Security Advisory System. This color coded notification process contains five levels as follows: Severe (red), High (orange), Elevated (yellow), Guarded (blue) and Low (Green). Basically if you are traveling and these notifications are posted then the expectation is that the citizenry will be alert to suspicious activities and notify the authorities accordingly.
TheFundamentals has decided to digress from our introductory essays because we are indeed in a SEVERE situation and it involves all taxpaying citizens, not just travelers. We have slightly modified the system and are now relating it to various governmental entities (Federal, State and Municipal) and their penchant for borrowing money the citizens do not have to spend on activities which are unnecessary. There are several clues to tip off the citizenry of these forms of irresponsibility. Most notable are the use of one or more of the following terms by any elected official or employed bureaucrat - stimulus, jobs, recovery, state and municipal, working for the people (or doing the people’s business), helpful, bailout, troubled asset, bad bank, jobs creation, needed and bipartisan. Any activities so characterized would receive a RED coding meaning stop; do not pass go; do not pass period. On the other hand, some of you may have noticed that the immigrant turned naturalized citizen formerly known as Ahnold has announced a furlough program (Turquoise – after all it’s something) for 200,000 California state employees. Had this been a termination or RIF program it would have immediately been designated as GREEN. But Ahnold, ever conscious of the overwhelming value of each CA state employee has asked them to take off a couple of Fridays each month until the Feds can bailout (DEEP PURPLE RED) that eighth wonder of the world, home of your Speaker of the House, the insolvent, but never apologetic, State of California.
Here is a brief recap of what your Representative, Senators and Presidents have done for/to you with your money in the last 11 months under the guise of saving America, savings jobs (mostly theirs) and avoiding bankruptcy caused by their promiscuity:
DATE PROGRAM* and COST (est.) Color Code
March 2008 Bear Stearns $ 29 billion RED
September 2008 FNMA and FHLMC $200 billion ?? Deep RED
September 2008 AIG $ 85 billion RED
October 2008 TARP - $700 billion RED/Purple
November 2008 Citibank Bailout $300 billion Purple
January 2009 Bank of America $118 billion RED
February 2009 Proposed Stimulus $827 billion PURPLE
* This schedule does not reflect liabilities (real and contingent) committed to by the Federal Reserve Bank and ultimately the responsibility of US taxpayers. These liabilities may be measured in the trillions of dollars!
What does it mean as millions flow into billions into trillions? Remember that famous quote from RCheney in the early Bush II years regarding their new awareness that deficits and borrowing just didn’t matter. As a consequence of that idiocy (and will the full support of the US Congress) they almost doubled the US Debt in just 8 years to close to $11 trillion dollars. One administration and four seated congresses have pissed away enough money to equal what it took the previous 42 presidents and 106 congresses to do over 225 years. Folks, if that ain’t criminal then Bernard Madoff should be the Secretary of the Treasury (which means he gets to sign his name on our worth less currency.)
It is imperative that we contact our two senators (http://www.senate.gov/) and representative (http://www.house.gov/) and insist that they vote against the proposed bailout (economic stimulus) plan. This is a RED alert. Please act immediately. Thank you.
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