If You Build It...

I just watched the Nancy Pelosi weekly press conference (have I mentioned that I love working from home)and healthcare was addressed. The congress is looking mainly for a government run option which would follow their pattern of spending as much money as they can as fast as they can.

When asked about the cost of the public option that the majority support, Pelosi indicated that the Congressional Budget Office has not factored in the savings from prevention and early intervention, and that they need to look for every bit of savings they can find. Savings, savings, savings, is what she said. But that savings would be very difficult to calculate. Should we base the savings on the assumption that if you build it they will come? There are many people, like me, who just don't go to the doctor regularly. And I have preventative care as part of my insurance. How then can we calculate the cost of the savings when we don't know how many people would actually use their new preventative benefit? History has already shown us that their estimates on the costs of their programs is usually way off, and this could be why. If they are going to count on savings that won't actually ever come to pass, we should be concerned.

My other concern is their insistence that a bill, any bill, must be passed this summer. This continues their trend of being more concerned with doing something fast than doing it right. Look at how that worked out with the stimulus package. We had to pass it without reading it so the money could get into the system immediately. And 4 months later only 10% of the money has been spent. Shouldn't we instead take the time to ensure that a program which will impact the country for decades, if not forever, is the best possible bill that it can be? Shouldn't they be looking for a plan that delivers the best solution for the lowest cost instead of trying to cook the books to make the plan they want more palatable to the people? Shouldn't this fall under the old cliche of "if it's worth doing it's worth doing right"?

I am very concerned with the way Congress is spending our money. It appears, to me at least, that they are using our money to fund the growth of the government instead of the growth of the economy. And should we burden an already struggling economy with another $1 trillion in debt?

Delay is preferable to error. - Thomas Jefferson

Another Stimulus?

So the white house admits that they had their collective heads up their asses when it came to the economy. Didn't know it was that bad, and didn't write the stimulus package right. So now they're saying, since we screwed this first stimulus package up so royally, we'd like a do over.

So they want us to let them try again and see if they do better this time. Problem is that the first stimulus has only had 10% of it's stimulus money spent. So if they pass another one, will THAT one get money into the economy now? Doubt it. After making an $800 billion dollar mistake we should just give them another try?

Maybe, just maybe, they should have taken the time to actually READ the first one. That might have helped. But they had to do it right now and get that money into the system. Uh huh. So here we are 4 months later, and 10% of that money that had to be spent so quickly that we couldn't read how, has actually been spent.

Of course they also claim the stimulus is working, even though unemployment is at 9.5% now and their green shoots have withered and died. But still they claim it would be worse without that stimulus. Of course there is no proof, no evidence, and no way to prove this.

Another stimulus package is the height of stupidity. But then again, isn't stupidity what Washington does best?

California is Bankrupt - Again

Years and years of spending and spending on government programs has resulted in the State of California being bankrupt. Again. The Governator's inability to stand up to the liberal congress and fight for cuts has kept the California economy in turmoil.

So what is their answer to this crisis? Are they going to cut spending? Nope. Not a bit.

The old adage when it comes to debt reduction, which is an old adage because it is true, is that you have to spend less or make more. This works for most of us in that we have to spend less because making more isn't all that easy. But, when it comes to the government, their options are spend less or TAKE more.

The government does not make money. Neither the federal government nor that of the states. The government simply takes money that the citizens make. They're not working harder for that money, they simply pass a bill that increases taxes. The spend less or make more works for individuals because neither is really an easy option. I know, I had to face that decision once and my choice was to get a roommate (spend less) or a second job (make more). I opted for the second job because I really prefer to live alone. My past experiences with roommates haven't been great. That meant that I was working 65 - 70 hours a week, and sometimes 7 days a week. Making more was not as easy as a stroke of a pen for me. I'm actually thinking of doing the same thing again so I can have money for travel.

But does our government have to work harder in order to "make more"? Nope, it's the citizens the money is taken from who are impacted. It's an easy option for the government itself. Instead of making the hard decisions and cutting spending, much of which is probably wasteful, California is instead planning to increase sales taxes to take more money. If they do this, I fully expect California to, later in the year, be bankrupt yet again.

And if you're thinking, well this is California it doesn't impact me, remember another adage. Where goes California so goes the country. Think about all of the government spending that has happened in 2009 so far and what is yet to come. If they're spending more, they only have 2 options. Continue to borrow money, and our main lender is getting leery of buying any more of our debt, or take more. And they will take more.

Remember this, there is no such thing as government money. They are nothing more than a 3rd party vendor spending the money they've taken from you!

Meanwhile, Obama is using CA as the example of why cap and trade works. Talking about how they passed similar legislation earlier and did it without impacting their economy. Uh huh. Good idea, hold a broke state up as an example of how this won't financially impact us. Smart move.