Over the past couple of years, there have been countless articles, countless blogs, and countless conversations on the perils of greed in today's economy. Progressives and liberals have engaged in class warfare in their effort to put the Americans into two categories-the haves and the have-nots. A have not is simply someone who does not have all the material things that they want in life. So, who are the haves?
Are they the people who have not worked a day in their lives and have fallen into more money than they can spend in their lifetime? Are they an artist or a sports figure that somehow got a lucky break in from an agent who is willing to find someone who could take a dump truck load of money and dump it at their feet just to fulfill their over-sized egos? Is it some schmuck that got a lucky break by entering a contest like American Idol? Is it a bozo who won the lottery?
I don't know if the Milwaukee Journal Sentinel believes that it is being fair and unbiased, but it seems that up until last week, there was regularly an article or a letter to the editor written by someone sensible, who believes the $810 million train between Milwaukee and Madison is a farce, it is always preceded by some not who believes it is the best idea since sliced bread. Well, Frederick Rohwedder doesn't have a thing to worry about.
New numbers came out that will showed people who are against the train that this was going to be a better deal for us. Ridership will be up, costs will be down, and the taxpayer supplements will also be lowered. Who couldn't see this coming?
We are barely 6 months past the midterm election which evidently sent a short-lived shock to the elected officials in Washington. Congress has returned for a lame-duck session and it has proved to be a less than stellar spectacle of what the American people expect.
President Obama's debt commission has concluded their business and made their recommendations. If we base their success on the actions that the government will take in order to reduce the deficit and get governmental spending under control, it has been a dismal failure. Although the debt commission did not come out with a recommendation to create a value added tax on the American people, the recommendations that they didn't come up with are becoming forgettable.
It was just about 30 years ago when President Ronald Reagan stated in his first inaugural address that a major objective of his presidency was to reduce the size of government and reduce government spending and eliminate deficits. He stated that while many of the programs were started with good intentions, people's hearts were in the right place but their heads were not. These ideas are just as current today as politicians at all levels of government try to address government spending and eliminate deficits.
Well, local governments generally do not run deficits and the state government also must plug its biennial deficit with every budget. The federal government is the exception. It can and has run deficits more often than balancing the budget or creating a surplus. And every few years, politicians run for office and get elected promising to be financially responsible. When we think about how often these promises have been made and how few times they have been kept, the whole idea becomes laughable.
It'll soon be time to kick off the 2012 presidential election season. As expected, President Barack Obama will be seeking a second term. Much to the surprise of conservatives, the president does have a record of accomplishment to run on. Americans like to see their president succeed. That's because we want America to succeed. However, we don't need a lot of stuff that needs to be repealed because it was done wrong in the 1st place. President Obama has this baggage too.
First, there is the healthcare reform bill. The Democrats were all giddy when this was passed because we were promised that it would do more and cost less. Well, we now know that that is not true. Its success of not adding to the deficit was contingent upon several things. It was contingent upon the Bush tax cuts expiring. These tax increases alone would send a lot more money to the national treasury. We know what happened with that. Everybody was supposed to be in the risk pool. Everyone would be forced to buying insurance either from their employer or a private insurance company or the government. We know where this is going. The coverages are being extended so that no one can be excluded, there will be no caps on spending, and the private companies will be practically barred from making a profit. But it's not socialism.