When does the term ‘balanced budget’ not mean—what anyone who has ever looked at the balance sheet of a company—that there is a ‘balanced budget?’
What has been proposed by Paul Ryan is what each and every American, one who works for a living, is paid, and pays taxes deals with every month. For most of society, receives a certain amount, then pays their bills, and when the amount that comes in equals the amount that goes out—we call it living hand to mouth—the same as the proposed ‘balanced budget’ proposal that is ludicrous if not ridiculous!
An individual in making his hand to mouth existence deals with all of the realities that the expenses known, what one must spend, is identified and acknowledged. We see this is each and every one of us as we pay our mortgage—a set amount, over time reducing debt—and in the expenses we have. It works well for a month, or week to week existence, but how can one project such an accounting system for a year, or even several months? Well the answer is obvious, you can’t. You can’t because there are too many variables that are beyond the control of us. We are paying the prices for the goods and services we buy, based on the cost at the time. That cost is the action and reaction to all of the economic stimulation that affects that price. As an example, if the legislation says your house is worth more than it was before—by their appraisal—and your property tax goes up; where or how could you possibly control that? You can’t. If the weather is bad and food prices go up, how can you control that? You can’t. If the price of gasoline goes up because of the incompetence of the department of energy, and the administration energy policy, how do you control that? You can’t.
You see in all of these scenarios there is only one constant. We the individual can’t control the variables that occur, at any moment in time of all the economic measurements that can occur. So we have one thing we can actually say is our only constant—the amount we pay on a mortgage for the principle and interest…albeit they can’t guarantee the theft of property taxes controlled by government…and we recognize that fact we have a long term debt, that is being slowly reduced.
Here is the problem with the proposed ‘balanced budget’ that is being advanced by the Republicans as somewhere in the far future, anything over one session of congress, to reach a point that the outgoing expenditures equal the taxation, of all taxes—including the tax of social security—without dealing with the long term obligations of that same social security.
I’ve spent many years of my life studying financial sheets of the business activity of business. As such, as a consulting analyst, my duties were somewhat simple. To identify the expenses, and the revenues to determine if there would be that wondrous residue that all business is working for, profit.
As such I know that when there is anything off the books, not included in the accounting system, resulting in the balance sheet of the company’s position, and the profit and loss—is the activity being done in such a way that profit is the final result.
In the world of business, businessmen have a horrible problem with missing those things that must be identified to insure profit. They miss expenses, or misallocate where the expense is, in comparison to the revenue generation that segment, or part of the business generates. Resulting often that the different activities of a business—have some with expenses of other areas—making them look bad—while other areas that look good, do so because they are not identifying all of the expenses to that product stream.
This is the same error of government. As an example; the funds that should have been captured and ‘invested’ to generate a return on that money were never done. Instead our government--stole the wealth of social security, spending it as fast as it arrived…to expand the Keynesian (communist) economics of central planning…into the ideology that our economy is driven by ‘demand;’ not the reality that only with production, and the valuation of wealth, our money supply, can a currency based society make any sense.
This has resulted in the load stone that is impossible for this nation to ever overcome, unless one thing occurs. That one thing that is not being considered in our government is the outstanding debt of the obligations of the commitments that there is no possible way to repay. With a nation that has only an economy of 16 Trillion dollars a year—which is a total fabrication, as we do not deduct the earnings, or the pay from the nation’s output, we add them in—is insanity at its highest level. This is basic economics, not Keynesian (communist) economics .0001.
As I write, I hear that the economy is getting so strong, that it is not artificial, earnings are up, and the economy is rebounding. Who in their rational mind, if not mentally retarded, could possibly reach such a conclusion?
Here are a few things to add to that absolutely ignorant statement. First of all, the consumer index since the absolute mistake of electing this absolute economic illiterate as president has doubled in the last 4 years. The price of gold has doubled in the last 4 years. The price of all commodities that are consumed by the general public have doubled in the last 4 years.
What does this tell you—if you are cognitive of economic realty—the answer is simple. The buying power of the dollar has been cut in half. So in reality, it is not that the stock market has reached where it was when this disgrace took office that would make us, balanced in wealth. For to do so would not mean that you dollar value of stocks is the same—it would require that the price for all stock is (2) times in dollars the value when the crash occurred—as the dollar is worth half as much in buying power.
America wake up—ignorance is not the answer. If you do not understand monetary policy, or fiscal policy, and how the actions of our government are today, as they have been throughout the empirical history of man…the most dangerous thing mankind will ever face…and why this nation was designed to insure that this danger, this totalitarian sovereignty—the reason our nation separated from Britain, the reason we are a constitutional government, the reason even that constitution was never ratified until the listed amendments of the ‘Bill of Rights’ was guaranteed—that is and always will be, as George Washington identified, a necessary evil, to the ‘liberty’ and the protections of ‘freedom’ from the intrusion of our own government.