The Code of Honor says that one neither cheats nor lets the cheater go undiscovered. In other words, the cheater is held to count as is the knowing and tolerant observer.
Let’s take a look at the Code of Honor and apply it to the world of today. We will observe the situation and then apply logic and reasoning to the facts.
A cheater can be anyone who expects to receive the benefits of work, toil and effort without performing the work, toil and/or effort. That would be a standard definition of a cheater. Get the goods without paying for them. Get a paycheck without working for it. Get the grade without studying or researching and writing the required papers. Jacking the system is cheating. So, who gets the benefits without doing the work in today’s world? Well, how about those union employees who don’t work but get paid? They meet the definition. How about those welfare recipients who get a check but don’t work for it? They meet the definition. How about early retirees who get paid for not working or work another job and get paid twice? They meet the definition. How about unemployed workers who get a check for being unemployed? They meet the definition. How about government workers who stand around on the job (one sees them on TV all the time) but still get a paycheck? They meet the definition. How about the nephew or cousin or brother in law who gets the job because he did some political work for the politician but who doesn’t really have anything to do? They meet the definition.
So, now we have defined a few cheaters in today’s world. Remember we defined cheaters as someone who gets the benefits of work without doing the work. We didn’t say anything about legality because we all know that legality is sometimes this and sometimes that. TheFundamentals remembers when smoking was legal and cool and abortion was illegal and shunned. Some of you may not remember that time. We also all know that what’s legal for one may not be so legal for another. There are people in jail right now for either possession of certain drugs or use of same. There is pretty good evidence that the last three presidents of the US of A used drugs and may have even been in possession of drugs at some time.
The Code of Honor says that you get in trouble if you cheat (see cheaters defined above) and you get in equal trouble if you tolerate cheating. So, does anyone out there know anyone who:
1. Gets a paycheck without working for it?
2. Belongs to a union and doesn’t work but still gets paid?
3. Is a welfare recipient?
4. Gets an unemployment check?
5. Is retired and being paid but doesn’t work?
6. Works for the government and sleeps on the job?
7. Holds a government make-work job because they know someone?
Of course not. We know that this is just logic and reasoning and a Code of Honor applied to the year 2009 and we know that there is no logic and reasoning going on in the year 2009.
Code of Honor. One of TheFundamentals. Not applicable in the year 2009.
Wednesday, April 15, 2009
Tuesday, April 14, 2009
It's the debt, Stupid!
Genius Krugman has stated that the percentage calculated by dividing debt by GDP in the US can go to 100% without jeopardizing the economy in the form or excessive debt burden and bankruptcy. He cites other countries (source: CIA – Japan 170%; Sudan and Egypt 106% and Greece 90% among others) as the empirical source of his brilliant conclusion.
Krugman is wrong for many reasons, mostly the following:
1. What is included in debt? In the US debt exists at many different layers. The US debt is now over $11 trillion and rising (look left) at the fastest pace ever. There is more US contingent debt than ever in history and the new transparent administration has not cleaned the windows that show those numbers. What is the current US contingent debt? Also, there is debt all over the 50 states and municipalities and commitments to fund programs and pensions. Last there is consumer debt. Add it up and that 60% current percentage quoted by Krugman is vastly understated.
2. Any citation of debt without the specifics of debt service ability is fiction. How much will the burden of debt service be on this economy? Further, the US and its political subdivisions have used long term debt to fund current costs. This is a violation of fundamental financial values. It is just plain bad policy and lenders with any standards would not make loans for these purposes. Someday, someone will wake up.
3. Debt refinancing issues. What is the likelihood of the US’s ability to refinance its debt as it comes due? To answer this question it would be appropriate to look at the current experience with US mortgage backed securities which would suggest that lenders can disappear even with US government backing. Today, the FED is the principal buyer of US supported mortgage backed securities. Woe be unto those who can’t imagine this happening to US securities.
4. Shrinking GDP. Shrink the GDP and the denominator in Krugman's formula shrinks increasing the debt/GDP percentage. The debt numerator is rising quickly; not stabilizing or declining. Paul, better get that GDP denominator moving up. Oh yes, we’ll borrow and print money to do that. Is the Nobel Prize granted for practicing idiocy?
Simple question. The geniuses who led the US into this briar patch are alive and well. Why are they still in their jobs in congress and in bureaucracies and in the media, academia and business? They have suffered naught for their terrible stewardship of the economy. Their answer to the problem they created is massive spending, massive deficits and massive debt buildup. It is a certain path to insolvency.
The US is in big trouble and the geniuses who led us into this problem are still in charge. Unless and until these fools are removed and no longer directing wasteful spending programs the future is doubtful. Krugman is wrong and this little man will disappear just as his predecessors - Reich, Rubin and Greenspan. They will be joined by Geithner, Summers and Bernanke. They are not the solution; they are the problem. They will be to Obama as the neocons were to GWBush.
Krugman is wrong for many reasons, mostly the following:
1. What is included in debt? In the US debt exists at many different layers. The US debt is now over $11 trillion and rising (look left) at the fastest pace ever. There is more US contingent debt than ever in history and the new transparent administration has not cleaned the windows that show those numbers. What is the current US contingent debt? Also, there is debt all over the 50 states and municipalities and commitments to fund programs and pensions. Last there is consumer debt. Add it up and that 60% current percentage quoted by Krugman is vastly understated.
2. Any citation of debt without the specifics of debt service ability is fiction. How much will the burden of debt service be on this economy? Further, the US and its political subdivisions have used long term debt to fund current costs. This is a violation of fundamental financial values. It is just plain bad policy and lenders with any standards would not make loans for these purposes. Someday, someone will wake up.
3. Debt refinancing issues. What is the likelihood of the US’s ability to refinance its debt as it comes due? To answer this question it would be appropriate to look at the current experience with US mortgage backed securities which would suggest that lenders can disappear even with US government backing. Today, the FED is the principal buyer of US supported mortgage backed securities. Woe be unto those who can’t imagine this happening to US securities.
4. Shrinking GDP. Shrink the GDP and the denominator in Krugman's formula shrinks increasing the debt/GDP percentage. The debt numerator is rising quickly; not stabilizing or declining. Paul, better get that GDP denominator moving up. Oh yes, we’ll borrow and print money to do that. Is the Nobel Prize granted for practicing idiocy?
Simple question. The geniuses who led the US into this briar patch are alive and well. Why are they still in their jobs in congress and in bureaucracies and in the media, academia and business? They have suffered naught for their terrible stewardship of the economy. Their answer to the problem they created is massive spending, massive deficits and massive debt buildup. It is a certain path to insolvency.
The US is in big trouble and the geniuses who led us into this problem are still in charge. Unless and until these fools are removed and no longer directing wasteful spending programs the future is doubtful. Krugman is wrong and this little man will disappear just as his predecessors - Reich, Rubin and Greenspan. They will be joined by Geithner, Summers and Bernanke. They are not the solution; they are the problem. They will be to Obama as the neocons were to GWBush.
Sunday, April 12, 2009
There is Hope
He is Risen. There is Hope.
This simple message, http://orthodoxwiki.org/Paschal_greeting , celebrated by many today, is available to all.
Cristo ha resucitado. There is Hope.
There is also need in all our communities. Please locate the food bank in your community and support it. Food banks need donations of supplies and cash. Food supplies include canned goods – meats, vegetables, fruits and pasta meals like those tasty spaghetti-o’s that kids eat. They also need cereal and spaghetti sauce and diapers. No perishables. They need cash donations to help them pay their bills.
Food banks are located at neighborhood churches and run by other charitable organizations. Google “food bank” and you will get a listing for your town (hopefully.) They are staffed by generous volunteers. You will feel good just visiting the food bank and assisting. Other food bank characteristics include helpful people, lack of forms or applications, no standing in line, no scowling and put-out looks, no impatient sighing and you will not be x-rayed through your underwear. You will be able to park close to a food bank, walk right in, no armed guards busting the seams of their trousers, no concrete barriers or cameras and no posted messages threatening imprisonment for minor infractions. The buildings are not fancy; the quarters are Spartan. Caution: food bank visitation and assistance is contagious and addictive.
Food banks offer anonymous and much needed help to our neighbors who are struggling.
Please help.
This simple message, http://orthodoxwiki.org/Paschal_greeting , celebrated by many today, is available to all.
Cristo ha resucitado. There is Hope.
There is also need in all our communities. Please locate the food bank in your community and support it. Food banks need donations of supplies and cash. Food supplies include canned goods – meats, vegetables, fruits and pasta meals like those tasty spaghetti-o’s that kids eat. They also need cereal and spaghetti sauce and diapers. No perishables. They need cash donations to help them pay their bills.
Food banks are located at neighborhood churches and run by other charitable organizations. Google “food bank” and you will get a listing for your town (hopefully.) They are staffed by generous volunteers. You will feel good just visiting the food bank and assisting. Other food bank characteristics include helpful people, lack of forms or applications, no standing in line, no scowling and put-out looks, no impatient sighing and you will not be x-rayed through your underwear. You will be able to park close to a food bank, walk right in, no armed guards busting the seams of their trousers, no concrete barriers or cameras and no posted messages threatening imprisonment for minor infractions. The buildings are not fancy; the quarters are Spartan. Caution: food bank visitation and assistance is contagious and addictive.
Food banks offer anonymous and much needed help to our neighbors who are struggling.
Please help.
Friday, April 10, 2009
New York Bubble Machine
“Job cuts needed to stop NY bankruptcy: mayor,” reports Breitbart.com
‘Sweeping layoffs of government employees are needed to prevent New York going bankrupt, Mayor Michael Bloomberg said Thursday.’
Bloomberg, who is in tense negotiations with municipal workers' unions, said an extra 7,000 jobs would have to go unless major reductions are made in employee benefits.
‘We cannot continue. Our pension costs and health care costs for our employees are going to bankrupt this city," he said in comments broadcast on NY1 television.
Bloomberg, running for a third mayoral term at the end of this year, said that proposals from unions so far were "nowhere near what is adequate."
TheFundamentals has been discussing the bubble machines at work in Congress, California, The Federal Reserve, Illinois, Department of the Treasury, New York and countless other government sponsored entities around the nation. Mayor Mike Bloomberg apparently is a bit late in finding it in his own backyard. TheFundamentals thought Mayor Mike was a pretty smart guy at least based on his business success. Could he also have feet of clay? Are we looking at another “Maestro” in the making? The Maestro was the label the media applied to former Fed Chairman Greenspan whose failures to regulate financial institutions and provide a stable dollar has resulted in some interesting bubble machine breakdowns around the globe.
Mayor Mike, who thinks that the Obama stimulus is ok because it's free money to support his own bubble machines, now thinks that New York cannot afford to support the labor costs and pensions and benefits for the employees he hired. Mayor Mike, did you just come to this realization? Where were you when the budget was being assembled? Where were you when previous labor contracts were being negotiated? Can you not see beyond your nostrils? Do you think that there is an endless supply of cash and debt available to pay excessive wages and benefits to non performing employees? Is every year better than the previous year? Is that how you ran your own business Mayor Mike? TheFundamentals doubts it.
So now what? Mayor Mike and his deficit spending friends in DC and Albany have been building houses of straw and sticks. The big bad wolf (read unable to borrow more money) has now shown up at the doorstep and is blowing on the whining mayors weak structures and the poor mayor is afraid the straw and stick houses are going to collapse (bankruptcy.) Well Mikey, here’s what the rest of us who have to balance our budgets and save and do without have to say to you and your gathering of spoiled, overpaid, underworked public servants, “Oh - boo - hoo - hoo.”
Buck up Mikey. The community organizer may print you some money.
‘Sweeping layoffs of government employees are needed to prevent New York going bankrupt, Mayor Michael Bloomberg said Thursday.’
Bloomberg, who is in tense negotiations with municipal workers' unions, said an extra 7,000 jobs would have to go unless major reductions are made in employee benefits.
‘We cannot continue. Our pension costs and health care costs for our employees are going to bankrupt this city," he said in comments broadcast on NY1 television.
Bloomberg, running for a third mayoral term at the end of this year, said that proposals from unions so far were "nowhere near what is adequate."
TheFundamentals has been discussing the bubble machines at work in Congress, California, The Federal Reserve, Illinois, Department of the Treasury, New York and countless other government sponsored entities around the nation. Mayor Mike Bloomberg apparently is a bit late in finding it in his own backyard. TheFundamentals thought Mayor Mike was a pretty smart guy at least based on his business success. Could he also have feet of clay? Are we looking at another “Maestro” in the making? The Maestro was the label the media applied to former Fed Chairman Greenspan whose failures to regulate financial institutions and provide a stable dollar has resulted in some interesting bubble machine breakdowns around the globe.
Mayor Mike, who thinks that the Obama stimulus is ok because it's free money to support his own bubble machines, now thinks that New York cannot afford to support the labor costs and pensions and benefits for the employees he hired. Mayor Mike, did you just come to this realization? Where were you when the budget was being assembled? Where were you when previous labor contracts were being negotiated? Can you not see beyond your nostrils? Do you think that there is an endless supply of cash and debt available to pay excessive wages and benefits to non performing employees? Is every year better than the previous year? Is that how you ran your own business Mayor Mike? TheFundamentals doubts it.
So now what? Mayor Mike and his deficit spending friends in DC and Albany have been building houses of straw and sticks. The big bad wolf (read unable to borrow more money) has now shown up at the doorstep and is blowing on the whining mayors weak structures and the poor mayor is afraid the straw and stick houses are going to collapse (bankruptcy.) Well Mikey, here’s what the rest of us who have to balance our budgets and save and do without have to say to you and your gathering of spoiled, overpaid, underworked public servants, “Oh - boo - hoo - hoo.”
Buck up Mikey. The community organizer may print you some money.
Wednesday, April 8, 2009
What's good for the country....
What are the differences between General Motors and the country (US)? Is what’s good for the US still good for GM and vice-versa? Let's take a closer look.
GM and the US are identifiable around the world. They are brands that represent a certain image, a certain connotation, a certain meaning to a varied audience. They conjure up images of largeness, the 800 pound gorilla in the room and a global presence. The image is one of success and excess. Affluence and yet a certain misguided direction; trying to be what they were but never having quite the right outfit on, no longer working quite as effectively as their image, never living up to their advertising and press releases.
Many people depend on GM and the country both within the US borders and outside. The numbers are in the millions for GM and the hundreds of millions for the US. The idea of failure is not readily comprehensible. It bespeaks an unknown and uncertain possibility. What would happen if….?
They both produce products and services but the products and services, when measured against other products and services available elsewhere, don’t measure up in many ways. It may be appearance and styling. It may be fundamentals; under the hood type specifics. Where the world once awaited both of their moves for advancement and benefit it now looks elsewhere for change and enhancement. In GM’s case there are better alternatives. Not so in the case of the US. Both are dominated by bad management decisions and both are overwhelmed with labor unions that care little about “what’s good for either the country or GM.” The unions care only about their benefits, their perquisites, their pensions and their future. Both have senior management (congress for the US and the board for GM) that seem to look inward for answers rather than question and examine. Self introspection is lacking; the fundamentals are lacking. They have lost their way.
There is however one very significant difference between the US and GM in this regard. No one has to buy GM products. There are many good alternatives. What is the good alternative to the US? What happens if the US ceases to offer hope, liberty, future, benefit and reward for hard work, the place where an individual human being can respect the rights of others and still advance to their own drumbeat, where they can teach their children their values, their beliefs, their fundamentals? Where would one go to hear a leader say, “Ask not what your country can do for you, ask what you can do for your country.” “I regret that I have only one life to give to my country.” “We only ask that you give us a few acres of ground to bury our dead.”
There is one other significant difference between GM and the US. The US can borrow and borrow and borrow and when the borrowing sources dry up it can print money and pretend that it is still a strong force. The US is doing just that now. GM is all borrowed up. It has turned to the country for it sustenance and the country has offered a large but old teat. The unions want one or two more drops. GM has returned to the cradle and is fetally curled up, grasping at the teat. The teat is dry. GM needs to be reborn. The country and GM are very similar.
GM and the US are identifiable around the world. They are brands that represent a certain image, a certain connotation, a certain meaning to a varied audience. They conjure up images of largeness, the 800 pound gorilla in the room and a global presence. The image is one of success and excess. Affluence and yet a certain misguided direction; trying to be what they were but never having quite the right outfit on, no longer working quite as effectively as their image, never living up to their advertising and press releases.
Many people depend on GM and the country both within the US borders and outside. The numbers are in the millions for GM and the hundreds of millions for the US. The idea of failure is not readily comprehensible. It bespeaks an unknown and uncertain possibility. What would happen if….?
They both produce products and services but the products and services, when measured against other products and services available elsewhere, don’t measure up in many ways. It may be appearance and styling. It may be fundamentals; under the hood type specifics. Where the world once awaited both of their moves for advancement and benefit it now looks elsewhere for change and enhancement. In GM’s case there are better alternatives. Not so in the case of the US. Both are dominated by bad management decisions and both are overwhelmed with labor unions that care little about “what’s good for either the country or GM.” The unions care only about their benefits, their perquisites, their pensions and their future. Both have senior management (congress for the US and the board for GM) that seem to look inward for answers rather than question and examine. Self introspection is lacking; the fundamentals are lacking. They have lost their way.
There is however one very significant difference between the US and GM in this regard. No one has to buy GM products. There are many good alternatives. What is the good alternative to the US? What happens if the US ceases to offer hope, liberty, future, benefit and reward for hard work, the place where an individual human being can respect the rights of others and still advance to their own drumbeat, where they can teach their children their values, their beliefs, their fundamentals? Where would one go to hear a leader say, “Ask not what your country can do for you, ask what you can do for your country.” “I regret that I have only one life to give to my country.” “We only ask that you give us a few acres of ground to bury our dead.”
There is one other significant difference between GM and the US. The US can borrow and borrow and borrow and when the borrowing sources dry up it can print money and pretend that it is still a strong force. The US is doing just that now. GM is all borrowed up. It has turned to the country for it sustenance and the country has offered a large but old teat. The unions want one or two more drops. GM has returned to the cradle and is fetally curled up, grasping at the teat. The teat is dry. GM needs to be reborn. The country and GM are very similar.
Saturday, April 4, 2009
Leadership
· Leadership is based on self sacrifice. It is the act of doing something or giving up something for the greater good. The best example of this leadership characteristic is in military combat where one person sacrifices them self for other(s).
· Leadership is based on setting by example. The banker in Florida, Leonard Abess Jr., who voluntarily shared the proceeds of the sale of his business with the employees who helped build the business, illustrates this characteristic as well as generosity. Leaders look out for others.
· Leadership is based on the recognition that fame, wealth and power is fleeting and that it only lasts as long as it serves others. Mr. Abess sought no fame or publicity for his sharing.
· Leaders do not “jack” the system for personal benefit. They are selfless; not selfish.
· Leadership is adherence to fundamental values. Fundamental values are honesty, frugality, charity, humility and self sacrifice.
· Leadership is rejection of destructive traits. Destructive traits are gluttony, greed, hubris, promiscuity, debt and sloth.
· Leadership is the pursuit of the difficult path. The difficult path is always based on fundamental values, sound principles and time tested processes and the rejection of destructive traits.
· Leadership does not require consensus building or poll taking to determine success.
· Leadership is knowing oneself. It means knowing one’s own strengths and weaknesses. It means knowing what you know and knowing what you don’t know. Pretension behavior is the antithesis of leadership. Polling is the antithesis of leadership. Appearing on TV shows, talking too much, pretending to be an entertainer, writing books, giving speeches and sending out talking points are all signs of weakness. Let others analyze your acts and entertain.
· Leadership is exiting before your time. Leaders do not need term limits or mandatory retirement ages.
· Leaders develop successors. Leaders surround themselves with capable people. Leaders accept responsibility. Leaders acknowledge their mistakes and give others the opportunity to lead.
· Leadership is paying your own way. Leaders do not surround themselves with trappings of royalty in the form of perquisites, security, pensions and other benefits provided by others.
These are the characteristics of a leader. Can you name any?
· Leadership is based on setting by example. The banker in Florida, Leonard Abess Jr., who voluntarily shared the proceeds of the sale of his business with the employees who helped build the business, illustrates this characteristic as well as generosity. Leaders look out for others.
· Leadership is based on the recognition that fame, wealth and power is fleeting and that it only lasts as long as it serves others. Mr. Abess sought no fame or publicity for his sharing.
· Leaders do not “jack” the system for personal benefit. They are selfless; not selfish.
· Leadership is adherence to fundamental values. Fundamental values are honesty, frugality, charity, humility and self sacrifice.
· Leadership is rejection of destructive traits. Destructive traits are gluttony, greed, hubris, promiscuity, debt and sloth.
· Leadership is the pursuit of the difficult path. The difficult path is always based on fundamental values, sound principles and time tested processes and the rejection of destructive traits.
· Leadership does not require consensus building or poll taking to determine success.
· Leadership is knowing oneself. It means knowing one’s own strengths and weaknesses. It means knowing what you know and knowing what you don’t know. Pretension behavior is the antithesis of leadership. Polling is the antithesis of leadership. Appearing on TV shows, talking too much, pretending to be an entertainer, writing books, giving speeches and sending out talking points are all signs of weakness. Let others analyze your acts and entertain.
· Leadership is exiting before your time. Leaders do not need term limits or mandatory retirement ages.
· Leaders develop successors. Leaders surround themselves with capable people. Leaders accept responsibility. Leaders acknowledge their mistakes and give others the opportunity to lead.
· Leadership is paying your own way. Leaders do not surround themselves with trappings of royalty in the form of perquisites, security, pensions and other benefits provided by others.
These are the characteristics of a leader. Can you name any?
Wednesday, April 1, 2009
Mr. Obama's Day
In the Emperor’s New Clothes the clever fools around the emperor talk him into parading around naked by telling him how wonderful he looks in his new outfit. The narcissistic emperor, of course, believes it and shows the world his shortcomings. Mr. Obama do you want to be a leader or do you want to be a fool?
The people around you are leading you down their destructive path and it does not lead to either change, transparency or accountability. You, Mr. Obama, are the all too willing follower. You are playing the fool. Today is your day.
Why would you send your Secretary of State to China to beg for money and then travel to London with a retinue that would shame an Arabian sheikh? Does it really take 200 secret service people running around London, whispering in their sleeves and hundreds of more bureaucrats to key an eye on you? Do you really need your own chef and kitchen staff? Who is paying for all your gang? The Chinese? Your country has no money. You and your predecessors have spent it all. Perhaps you should stay home, save money and do some more video or internet conferences. It’s easier to read from the teleprompter.
Look at the debt numbers to the left. Look at the horrific level of spending you are undertaking to “save the banks and the financial system.” Recognize these wasteful acts for what they are – the continued balloon blowing of a bloated, obese government that is so afraid of its own shadow that it engages in Cecil B. DeMille style productions to masquerade its insolvency.
Will you pass the hat at the conference? Ask for more money from others who see right through the Madoff like schemes you and your associates have foisted on the voters and the press? Do you really think the Germans would like to assist you in running the printing presses and distributing dollars to your faithful followers (Axelrod calls them voters.) They might have longer memories of such foolishness.
Why don’t you show them your budget deficit projections? Trillions of dollars to prop up public sector unions that serve the union and not the public. Trillions of dollars for silly education programs that prop up the NEA and AFT when the only solution is either school choice or privatization. Heaven forbid that teachers should either teach or be fired. Heaven forbid that they should work twelve months each year. Oh no. Run the presses. Big pensions for all. Inflate, inflate, inflate.
The old joke was the unemployed could always get a job where they either ask, “Would you like fries with that?” or “Paper or plastic?”
Here’s what frugal people all over the world want to know: “Borrow or Print?”
Which is it Mr. Obama? Borrow or Print?
Have a nice day. This one is named for you.
The people around you are leading you down their destructive path and it does not lead to either change, transparency or accountability. You, Mr. Obama, are the all too willing follower. You are playing the fool. Today is your day.
Why would you send your Secretary of State to China to beg for money and then travel to London with a retinue that would shame an Arabian sheikh? Does it really take 200 secret service people running around London, whispering in their sleeves and hundreds of more bureaucrats to key an eye on you? Do you really need your own chef and kitchen staff? Who is paying for all your gang? The Chinese? Your country has no money. You and your predecessors have spent it all. Perhaps you should stay home, save money and do some more video or internet conferences. It’s easier to read from the teleprompter.
Look at the debt numbers to the left. Look at the horrific level of spending you are undertaking to “save the banks and the financial system.” Recognize these wasteful acts for what they are – the continued balloon blowing of a bloated, obese government that is so afraid of its own shadow that it engages in Cecil B. DeMille style productions to masquerade its insolvency.
Will you pass the hat at the conference? Ask for more money from others who see right through the Madoff like schemes you and your associates have foisted on the voters and the press? Do you really think the Germans would like to assist you in running the printing presses and distributing dollars to your faithful followers (Axelrod calls them voters.) They might have longer memories of such foolishness.
Why don’t you show them your budget deficit projections? Trillions of dollars to prop up public sector unions that serve the union and not the public. Trillions of dollars for silly education programs that prop up the NEA and AFT when the only solution is either school choice or privatization. Heaven forbid that teachers should either teach or be fired. Heaven forbid that they should work twelve months each year. Oh no. Run the presses. Big pensions for all. Inflate, inflate, inflate.
The old joke was the unemployed could always get a job where they either ask, “Would you like fries with that?” or “Paper or plastic?”
Here’s what frugal people all over the world want to know: “Borrow or Print?”
Which is it Mr. Obama? Borrow or Print?
Have a nice day. This one is named for you.
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