If you haven't heard, Texas representative Joe Barton introduced legislation that passed a house subcommittee regarding a playoff system in college football rather than the current Bowl Series that he says is "unfair."
http://www.google.com/hostednews/ap/article/ALeqM5isQ1DkWtlreF6Tk2_clHtHAzH0SQD9CFSMVO0
Let me take a quick side note to point out that LIFE ISN'T ALWAYS FAIR!!! Or Perfect!!! If it were, term limits would have been included in the Constitution. Though I might also add it was designed with the freedom to elect whomever you want in spite of your own ignorance.
Now back to the point of legislation about college football. Really!! They can't leave football alone. Though I shouldn't be surprised with all the interrogations of athletes in recent years.
They can't leave any aspect of our lives alone!
Never mind whether or not you agree or disagree with the notion of playoff system in college football. The idea of the government meddling in sports is preposterous. And while I should be glad that it distracts them from various legislation that is costing us more and more money everyday, I'm furious that they act as if they have the right to interfere whenever and wherever they want in our live. I'm even more furious that we let them or perhaps many of us want them too interfere.
I also think legislation like this is a smoke screen for Americans so they can get distracted in their support or fury of it, from such decisions that we should be furiously working to stop. For example;
http://online.wsj.com/article/BT-CO-20091203-714257.html
There are billions of unused or paid back TARP funds. Which let me remind you the entire amount is debt to all of us. Rather than pay back the unused debt, the administration is considering using is to help aid the labor market. That is what the stimulus was supposed to do and rather than cut $700Billion in debt in half or close to it, they want to continue to spend that money. I know that makes sense to a lot of people who live their lives in debt, but let me remind you it's illogical, shameful, and immoral to send this country and its citizens into the debt they already have.
Showing posts with label TARP. Show all posts
Showing posts with label TARP. Show all posts
Sunday, December 13, 2009
Wednesday, July 8, 2009
How's That Stimulus Working Out For You?
In case you haven't been paying attention to anything outside of Michael Jackson, USA Today reported yesterday that states aren't using funds as intended. Here's the link to the article.
http://www.usatoday.com/news/nation/2009-07-07-stimulus_N.htm
"The report says that as of mid-June, states had received about $29 billion of the estimated $49 billion in stimulus funding they are scheduled to get before the federal budget year ends Sept. 30. More than 90% of the money given to the states so far is for Medicaid and a fund meant to prop up states' budgets for schools and other basic services such as public safety."
The report they are referring to is from the Government Accountability Office which has been tasked with tracking and monitoring the funds. Their report came out today according to the link I was sent. (I'm a nerd and am signed up on their e-mail list for updates). Here's the link if you're interested in the report.
http://www.gao.gov/new.items/d09829.pdf
And for the appendices or appendixes as they put it. Any grammar experts out there? Is the dog or the government correct?
http://www.gao.gov/new.items/d09830sp.pdf
For the purposes of this report 16 states and the District of Columbia are being required to report their spending of the stimulus money they receive. My state Texas is one of them. You can find the rest in one of those links if you care.
From the report link above page 3 of the pdf. "Overall, states reported using Recovery Act funds to stabilize state budgets and to cope with fiscal stresses. The funds helped them maintain staffing for existing programs and minimize or avoid tax increases as well as reductions in services."
p. 14 or 8 if you look on the numbering on the report;"From October 2007 to May 2009, overall Medicaid enrollment in the 16 states and the District increased by 7 percent. In addition, each of the states and the District experienced an enrollment increase during this period, with the highest number of programs experiencing an increase of 5 percent to 10 percent. However, the percentage increase in enrollment varied widely ranging from just under 3 percent in California to nearly 20 percent in Colorado." Figure 3 on the next page shows the increases state by state.
Are the increased Medicaid rolls really all that surprising with the unemployment rate rising and standing nationally at just shy of 10%?
Is it at all possible that those of us that wanted the government to do nothing and let the recession take its course were right? Doing something seems to have increased and perhaps prolonged the recession. This was a bipartisan effort to screw us all over. Do you still think it was a good idea? Do you think the government should do more?
This is not an original idea, Neal Boortz poses these questions all of the time on his radio show, but what would happen if instead of the government spending on programs and "federal aid," they declared some sort of tax holiday for the masses for several months? Meaning everyone of us would take home our full paycheck (minus our contributions to retirement and/or 401ks). That's several hundred dollars a month extra that people would take home and have to spend, pay of debt, and save. What if instead of trying to hunt and search American money in Swiss bank accounts or other foreign countries in an effort to penalize the American owners of this money, they declared amnesty for all Americans to bring their money back penalty and tax free? They could then start investing that money in their local communities in the form of new businesses, spending, donations, or sitting in American banks rather than sitting in foreign banks.
Do any of these things make any kind of sense to anyone? Or are we as a society trying to legislate "fairness" by taking from those who work hard for their money and giving to those who may not work as hard. Is that really fair? What happened to fair meaning everyone having the same opportunity to work hard and succeed in this country?
http://www.usatoday.com/news/nation/2009-07-07-stimulus_N.htm
"The report says that as of mid-June, states had received about $29 billion of the estimated $49 billion in stimulus funding they are scheduled to get before the federal budget year ends Sept. 30. More than 90% of the money given to the states so far is for Medicaid and a fund meant to prop up states' budgets for schools and other basic services such as public safety."
The report they are referring to is from the Government Accountability Office which has been tasked with tracking and monitoring the funds. Their report came out today according to the link I was sent. (I'm a nerd and am signed up on their e-mail list for updates). Here's the link if you're interested in the report.
http://www.gao.gov/new.items/d09829.pdf
And for the appendices or appendixes as they put it. Any grammar experts out there? Is the dog or the government correct?
http://www.gao.gov/new.items/d09830sp.pdf
For the purposes of this report 16 states and the District of Columbia are being required to report their spending of the stimulus money they receive. My state Texas is one of them. You can find the rest in one of those links if you care.
From the report link above page 3 of the pdf. "Overall, states reported using Recovery Act funds to stabilize state budgets and to cope with fiscal stresses. The funds helped them maintain staffing for existing programs and minimize or avoid tax increases as well as reductions in services."
p. 14 or 8 if you look on the numbering on the report;"From October 2007 to May 2009, overall Medicaid enrollment in the 16 states and the District increased by 7 percent. In addition, each of the states and the District experienced an enrollment increase during this period, with the highest number of programs experiencing an increase of 5 percent to 10 percent. However, the percentage increase in enrollment varied widely ranging from just under 3 percent in California to nearly 20 percent in Colorado." Figure 3 on the next page shows the increases state by state.
Are the increased Medicaid rolls really all that surprising with the unemployment rate rising and standing nationally at just shy of 10%?
Is it at all possible that those of us that wanted the government to do nothing and let the recession take its course were right? Doing something seems to have increased and perhaps prolonged the recession. This was a bipartisan effort to screw us all over. Do you still think it was a good idea? Do you think the government should do more?
This is not an original idea, Neal Boortz poses these questions all of the time on his radio show, but what would happen if instead of the government spending on programs and "federal aid," they declared some sort of tax holiday for the masses for several months? Meaning everyone of us would take home our full paycheck (minus our contributions to retirement and/or 401ks). That's several hundred dollars a month extra that people would take home and have to spend, pay of debt, and save. What if instead of trying to hunt and search American money in Swiss bank accounts or other foreign countries in an effort to penalize the American owners of this money, they declared amnesty for all Americans to bring their money back penalty and tax free? They could then start investing that money in their local communities in the form of new businesses, spending, donations, or sitting in American banks rather than sitting in foreign banks.
Do any of these things make any kind of sense to anyone? Or are we as a society trying to legislate "fairness" by taking from those who work hard for their money and giving to those who may not work as hard. Is that really fair? What happened to fair meaning everyone having the same opportunity to work hard and succeed in this country?
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