Thursday, April 21, 2011

The Deal on Debt


I'm in the process of setting up an online Radio Station and, after watching Good Morning Vietnam, I have myself convinced to say that....once. Okay, maybe not, might not be the best idea.

First off, let me apologize. My last post I referred to President Obama as a monkey. Some people took that as a racial statement. I no way meant that to be a racial comment. In fact, truth be told, I would refer to anyone that has so carelessly ran our country a monkey. So, they could be white, black, brown, red, green, yellow, it doesn't matter. So, to those of you who thought that to be a racial slur, I'm sorry.

I've been doing a lot of reading on Debt. Lets start off this post by defining Debt.

Debt: Something, typically money, that is owed or due

Public Debt: the total of the nation's debts: debts of local and state and national

Private Debt: Money owed by individuals and businesses within a given country.

ow all of these definitions are easily found on google, I didn't pull these out of a hat. So, now that we have the basis down on what the definition of Debt is, lets get into a little more detail. How is debt accrued? By taking loans because the money isn't readily available, or by spending more money than is available, therefore requiring you to take a loan to cover the difference.

o with that being said, lets take a look at our nations debt, $14,242,221,600,000. Umph, thats a kick in the chest right there. But, can we really swallow that number? No, not really. For most Americans, anything over $1,000,000, seems like a large number. So, to put it into a little bit of perspective, i'm going to remove $1,000,000 from the number up there, $14,242,220,600,000. Heh, it didn't change hardly at all. Not enough to count, anyways. This guy does an awesome job at explaining it. Click Here and Here

Now, with the current budget cut proposals how much is it really effecting the overall number? President Obama said his proposal would cut Three(3) trillion dollars a year off the current amount they spend. If you get the chance check out The Debt Clock and watch how fast that number is climbing. The reality is, 3 trillion dollars isn't going to do it. The government is in debt right around Four(4) Billion dollars a day.

As of 2007, there were 138,893,908 tax returns filed in the United States. So if each one of those returns were to pay off the debt, they would owe $107,982.41. No real reason for me sharing this, i just thought it was interesting to think about.

So, anyways, on the White House's web-site they have President Obama's current budget proposal. Here, we see what a lot of the spending is....Medicare, Social Security. If I remember right, there was a stunning, attractive young man who wrote about social security....Oh, it was me. Now, wait a minute here, I'm paying into Social Security, so why is the Government?? On a side note, if you look at the right hand bottom, you see Immigration and other Law Enforcement. Immigration doesn't even deserve a percent? And we wonder why Immigration is a problem. The truth is, I really don't know, just seems a little weak.

So, President Obama said he wants to tax the rich. This seems like a great idea, Except what defines "Rich" in the United States? Well According to the U.S. Census Bureau it is this.

Bottom 20%:
$0 - 17,984
(3.4% of the income)

Lower Middle 20%:
$17,985 - 34,000
(8.7% of the income)

Middle 20%
$34,001 - 54,453
(14.8% of the income)

Upper Middle 20%
$54,454 - 86,867
(23.4% of the income)

Top 20%
$86,867 - No limit
(49.8% of the income)

Also interesting is the following statistic:
Top 5%
$154,120 - No limit
(21.4% of the income)

Obviously, it doesn't take much to be 'rich'. An awesome video explains this a little differently to college students. Click Here.

Why I went on this tangent is because taxing the 'Rich' is not going to raise income enough to counter act the spending. What needs to happen is there needs to be less spending...all around. Starting at Social Security, which includes welfare. The cost of labor. The Government has way too much labor for what they do. Need an example? Look at the DMV. One person to write down your name, one person to take your picture and one to laminate. Insane.

Tuesday, April 19, 2011

Trumping the Government with Trump

There are times in our lives when we are faced with financial hardships. Whether you, or your spouse, lost a job, or even something major happened to your house. Either way, we are faced with economic struggles from time to time throughout our lives. What the Government has, however, is not Economic struggle. It is an Economic disaster. In fact, it is more than a disaster, it is a catastrophe on an astronomical level.

Normally when an individual runs into an Economic Struggle they cut costs in order to make ends meet. That, however, is not the way the Government thinks. The Government thinks we should spend our way out of debt. The Government is telling us we're cutting money, we're trying to save money, etc etc... Now, I could go into explanation on how we're being deceived, but this gentleman broke it down in a very simple and easy video(s). and

Now, with that being said, the Government is in dire need of help. Maybe an accounting class, maybe an economic class...maybe they need to read the constitution. Anyways, So how can the Government get help? Elect a true leader? Yes! Step one: Elect a true leader.

In the last few weeks we've seen Republican candidates come out. One of which is Donald Trump. I've been hearing a lot about Donal Trump, and a lot of people support him. Some of my friends (and i'm sure i'm going to hear about this later) support him. I'm here to tell you...DON'T. It seems great, a Millionaire (infact 788 Million to be exact) who runs a company, kept a company afloat through these rough economic times, and has amazingly fake hair, could get our country out of our Economic Disaster.

Even though he's running under the Republican ticket that doesn't really make him a republican. Infact, i think he's Socially progressive. It kind of frightens me how much damage he could potentially do being in office. And now it feels as if our entire State system is now becoming a joke. With the election of Arnold Schwarzenegger, Jesse Ventura, and now Donald Trump is running for president. Now, I'm not saying that any of these individuals are not capable of running for office, but they get voted on because their popular. Need I remind you of the horrible election of 2008? This monkey got elected because of popularity.

I guess, what i'm asking everyone to do is think about the candidate you're voting for. It's extremely easy to vote for the guy that is the most famous, or that is on top of the ballot, but that is not the way to vote. Read about them, learn about them. Don't listen to their television ads, because thats all a bunch of bashing in order to make people feel good. Every single person I vote for, I've either talked to or read about(extensively at times) and I encourage everyone to do the same.