Rhetorical exercise.....

May 23, 2023, 11:10 AM

Say you earn $100,000 a year salary in your job. Say you have a credit card with a balance of $130,000. Say you have always spent more each month on the card than you can pay off, for 30+ years. NEVER paying towards the balance, and always interest only. Now, every 2 years or so you have to call Wells Fargo and ask for an increase in the limit on the card. And every two years they add a few grand to your limit.

This is essentially what our government does. Now, with that being said, are you broke? Say Wells Fargo decides one day to NOT increase your limit on the card. Are you broke? Are you only broke if Wells Fargo doesn't increase your limit? Or....perhaps.....are you broke and have been for some time, and will still be if Wells Fargo raises the limit on your card?

Just something to ponder. Eventually Wells Fargo will eventually loose faith in your creditworthiness. Sure, you pay the interest, but you can never pay down the card. It just fascinates me to no end how every time the debt ceiling comes up, and we default on our debt if we don't increase the limits, how does one take that situation and say if the limit is not increased we go broke? You're ALREADY BROKE. And will STILL BE BROKE, if the limit is raised. It's so bad, you take a cash advance on your line of credit, to deposit in your bank account, to pay JUST the interest on your card. Say Wells Fargo raises rates to 5.5%, and you're paying $20,000 a year just to service the interest, and still adding to the card every month on top of that. Our interest payments have more than doubled on our debt in the past year. They're north of $800 billion now, approaching $1 trillion. It was less than $300 billion just a couple of years ago before inflation hit. Have we somehow CUT the difference ($500 billion) in spending to offset the added interest we pay? Nope. We're still paying what we were paying, which is more than we earn in revenue.

NOW, while all of this is going on, politicians are quick to bring up tranny beer ads, sex in books, Disney World's gayness, and whatever else they can think of, while democrats rail on climate change, global warming, racism, etc. And people eat up this garbage fed to them by the MJG/AOC crowds, while meanwhile Rome burns. This has all happened before, many, many times.

flag link

military_tech

thumb_down

thumb_up

I'd cut 10% across the board.

What programs would you cut?

This reply is asinine. Anyone can always come up with a "so you want to XYZ" that sounds horrible. Here are the answers:

What widows and orphans would you kick out in the street? Zero because I would make the Clinton Foundation pay for all of them, which they can afford.

What kids would you deny food? We are the most grossly obese country on the planet. There's no way anyone in the USA will die from starvation.

What indigent people would you deny healthcare? Zero, I will ask you to pay.

What farmers would you deny subsidies? All of them, eventually. Has to be a slow-roll off the dole.

What public/private partnerships would you end? These are not a problem.

What educational grants to do critical research would you cut? Many many billions. NSF and universities are bloated to the extreme.

How many Dept of Labor, HHS, Education, HUD, Ag, Interior, IRS, FBI, DOJ, ICE, BLM, jobs would you cut? Many, but do it slowly. 1% this year. 2% next year. Etc.

I'd train every manager in the Federal workforce what it means to be efficient. I'd require them to generate metrics to show their org is providing value, and if they decrease the value they provide they either fix it or get fired. Every single part of gov't needs to be run like a business - their customers need to like them and use them or they go out of business or get fired so a new set of employees can try and run the business.

Bonuses are paid only when the same (or more) work gets done with fewer people or funds. The system MUST self-reinforce efficiency if the nation is to survive. Now it does the opposite - you are rewarded for blocking progress, making no decisions, and creating zero value.

The days of being fat and lazy are over.

There’s more value discussing fiscal responsibility than “Woke” or “MAGA”.

Rhetorical exercise.....

What programs would you cut?

What’s more insane is that now a 1% increase; is a “cut”.***

I'd cut 10% across the board.

Re: I'd cut 10% across the board.

Re: I'd cut 10% across the board.

Re: What programs would you cut?

Do you not know me?***

There’s more value discussing fiscal responsibility than “Woke” or “MAGA”.

Re: There’s more value discussing fiscal responsibility than “Woke” or “MAGA”.

TigerBoard POTD