Random ramblings of a mind damaged by years of disuse and abuse. Also a place to go to be bored to tears.
The Random Comic Strip
Words to live by...
"How beautiful it is to do nothing, and to rest afterward."
(The right to looseness has been officially given)
"Everyone carries a part of society on his shoulders," wrote Ludwig von Mises, "no one is relieved of his share of responsibility by others. And no one can find a safe way for himself if society is sweeping towards destruction. Therefore everyone, in his own interest, must thrust himself vigorously into the intellectual battle."
Apparently, the crossword puzzle that disappeared from the blog, came back.
Saturday, February 23, 2013
I am tired of the lies!
Sequestration: either the isolating of jury members or the automatic automatic budget cutting Congress is facing. I want to talk about the latter.
Much FUD (Fear Uncertainty and Doubt) is being spread regarding sequestration. One might think the economy will collapse if Congress does not prevent it by some unnamed and unexplained legislation.
Here's some truth:
No budgets will be actually cut. Yes, I know politicians and their spokespeople are claiming that but it is untrue. What will be cut is the increase in projected spending. And the amount? About 5%. That is 5% of a non-existent budget. What? You thought we had a federal budget? No, we don't. We haven't had one for years. It is the job of the House of Representatives to create one. And they have done so each year. However, after they pass the budget, it goes to the Democrat majority Senate where it has died in committee or been voted down each year. Yet the Republicans are blamed.
But let's go back to the Sequestration fallout. According to what you hear and see in the mainstream media, hundreds of thousands will lose their jobs because of this. This ignores the simple fact that no federal employee will lose his or her job permanently. Not only that, he or she will eventually get the pay lost if "furloughed" temporarily.
And it ignores the fact that any large budget undoubtedly has at least 5% of "fat" embedded.
When I was working for AT&T, the company would introduce austerity measures from time to time. Overtime would be slashed, time reporting would be scrutinized closely, and layoffs would be threatened. Then reality stepped in and hiring freezes would be implemented, overtime would creep back in, and people would be offered incentives to retire early. And the fiscal "disaster" would fade away.
If I may be blunt, we (you and I) are being lied to and have been for years by the people we elect to office.
What would you do if if your household income was increased by only 5% the next year instead of the 10% you were promised? You'd cope. You'd watch your spending, maybe not go out to dinner (or go out less often), and maybe look for a car with better gas mileage... to counter the spiraling gasoline prices. Not Congress, not government... They will seek more and higher taxes, they will not cut spending, they will not accept a cut that isn't a cut.
And you, Mr. and Mrs. Taxpayer, will foot the bill... or else.