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02.22 To solve its pension crisis, Maryland should change how its funds are invested [as California and other states have discovered...]

02.21 Baltimore public schools face $129 million budget deficit, plan mass layoffs [city needs more help from businesses and the public!]

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02.25 Revealed: thousands of children at London schools breathe toxic air [you can't see the most dangerous pollution, the particles are too small which makes them dangerous]

02.24 OMG measurements of Greenland give us a glimpse of future sea rise

02.24 Dutch minister calls on UK to join safe abortion fund after Trump ban

02.23 BREAKING: Exxon to Leave Up to 3.6 Billion Barrels of Tar Sands/Oil Sands in the Ground [Yay!]

02.23 Lancet Study on Life Expectancy by 2030 Confirms Poor US Performance

02.23 Climate scientists face harassment, threats and fears of 'McCarthyist attacks' [sociopathic behavior...]

02.23 The Case for a Fracking Ban

02.22 Federal judge blocks Texas attempt to defund Planned Parenthood

02.22 'Medicare for All' Only Way for Trump to Keep Healthcare Promises

02.22 'This building is its own power plant': your stories of renewables in the city

02.22 What next for renewables in cities? – the expert view

02.21 Norway Pledges Millions to Growing Anti-Trump Global Abortion Fund

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02.25 Donald Trump press ban: Guardian, BBC and CNN denied access to briefing

02.21 ‘With Such a People You Can Then Do What You Please’

02.21 'Last night in Sweden' was a figment of Trump's Fox News-inspired imagination

02.21 Freedom of the press isn't guaranteed. Especially when it's labeled the 'enemy'

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02.25 Wanted: Three Principled Republicans to Save America From Trump

02.25 REPUBLICANS ACCUSE VOTERS OF USING TOWN HALLS TO EXPRESS THEMSELVES

02.25 Resistance Recess Puts Congress on Notice for Supporting Trump’s Agenda

02.25 Steve Bannon: Trump is 'maniacally focused' on executing promises [videos; will increasingly unregulated and immoral capitalism save us?]

02.25 Donald Trump vows to 'get the bad people out' of US – as it happened

02.24 Police remove last Standing Rock protesters in military-style takeover [our government supports polluter rights over the public rights]

02.24 'I was naive': after losing healthcare battle, factory workers fear next blow [4:38 video; sociopathic CEOs don't care about workers]

02.24 Islamophobia grows louder in North Carolina: 'Can we not kill them all?' [sociopathic groups uniting in hate]

02.23 Why Kansas' Fiscal Implosion Is Bad News for Trump ["Stupid is as stupid does." – Forrest Gump]

02.23 “Donald Trump makes Mexicans not important”: Sen. Tom Cotton faces angry constituents at town hall meeting

02.23 Manafort faced blackmail attempt, hacks suggest

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02.25 White House confirms conversation with FBI about Trump and Russia

02.24 New Law Would Let Arizona Treat Organized Dissent as Organized Crime [to suppress non-fascists only, perhaps?]

02.24 French human rights 'at tipping point' as state of emergency continues, says Amnesty International

02.24 Trump admin rescinds plan to reduce private prison use

02.24 Uber accused of 'calculated theft' of Google's self-driving car technology

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02.25 Just as neoliberalism is finally on its knees, so too is the left

02.24 Michael Hudson: Why Failing to Solve Personal Debt and Polarization Will Usher in a New Dark Age

02.22 Donald Trump's Mystery $50 Million (or More) Loan [will our nation's bookkeeping become more like Trump's?]

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02.25 CHINA’S NORTH KOREA PROBLEM

02.25 TRUMP, PUTIN, AND THE NEW COLD WAR

02.25 Marine Le Pen refuses to be questioned by French police

02.24 A Global Counter-Trump Movement Is Taking Shape

02.24 UN: $4.4bn needed to prevent 'catastrophe' of famine

02.24 Kim Jong-nam killed by VX nerve agent, say Malaysian police

02.22 WHY FACTS DON’T CHANGE OUR MINDS

02.22 Like Shoplifting: Israel gives Azarya 18 mos. for Killing subdued Palestinian Assailant

02.22 Palestinians must hang on to the green line, whether the aim is two states or one [We mustn't let fear trump morality]

02.22 EUROPE’S CHILD-REFUGEE CRISIS [We mustn't let fear trump morality]

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  The Words of the 'Profits' Are Written in the 'Congress Halls'

ECONOMIC ANALYSIS:

The Words of the 'Profits' Are Written in the 'Congress Halls'

by Fred Cederholm
No way do the numbers being released to the public pass the “straight face” test.
I’ve been thinking about stewardship. Actually I’ve been thinking about Matthew 25: 14-30, the 10 talents, elections, truth, February, the costs of war, and the sounds of silence. Last Thursday our Senate voted to once again raise the ceiling on our National Debt to almost $9 TRILLION. Yes, $ 9 TRILLION! The vote was 52 to 48 in favor of the increase—strictly along party lines. The House of Representatives had already approved the increase when it passed a 2006 budget blueprint bill. Is this good stewardship? Who deserves to continue in their offices?

You see, the Matthew 25 teachings deal with stewardship and the parable of the 10 talents. A master entrusted three of his servants with his money—one received 5 talents, another received 2 talents, and the third 1 talent. In his absence, the first two worked diligently and doubled the master’s money, while the third merely returned the one talent intact. Upon his return, the master rewarded the first two for their diligent stewardship, but cast the third out into the darkness. Now... think of voters as “the master” and our elected officials as “the servants” (of all the people). How would/should we, the master(s), react in knowing that what we had entrusted to our servants was all gone, and that we now “owed” even more?

Truth is hidden from US/us out in the open because the truth is “protected” by a palace guard of lies. We are told that the economy is going great guns and that tax cuts will generate more revenue. But be aware of this: Uncle $ugar is on a cash basis of accounting; recognizing revenues when received and expenses when paid. Normally in the first months of the calendar year there are “surpluses” because payments are coming in anticipation of the income tax filings due on the prior year’s income. February 2006 numbers just released showed a $119 BILLION deficit! No way do the numbers being released to the public pass the “straight face” test. Does THAT show us that the economy is booming and that tax revenues are increasing?

Last week, we learned that the projected costs of the wars in Afghanistan and Iraq will increase from $6.8 BILLION a month to $ 9.8 BILLION a month—a jump of 44%. Will this really prove to be enough? Given the present saber rattling toward Iran, can we truly afford yet another invasion/war? Trust me when I say that peace and diplomacy are a heck of a lot cheaper in terms of both dollars and lives. Immediately after raising the debt ceiling by $781 BILLION—the fourth MEGA increase during the Bush Presidency (with almost two-and-a-half more years to go); Congress authorized another $92 BILLION more for the wars and Katrina/Rita relief. What kind of stewardship is that?

The very day the debt ceiling was increased, the outstanding debt jumped by $1 BILLION to $8,271 BILLION from the $8,270 BILLION, where it had effectively “languished” since March 2. The game being played with the “cash basis accounting” and “honoring the sanctity” of the debt ceiling precluded Uncle $ugar from paying the bills. At the old ceiling of $8.2 TRILLION, $3,460 BILLION was already “misappropriated” from accumulated Social Security surpluses and other trust/retirement funds under Uncle’s "stewardship," and spent elsewhere. To honor those obligations, we will be told that we must “re-fund” that which was already paid for by us.

In all the states, there are good candidates/stewards out there who understand the madness of the profligate spending and the wanton misuse of debt. Find them, support them, and vote for them.

We the people can no longer remain silent in our disgust over their “stewardship.” “The words of the ‘profits’ are written in the ‘Congress halls’... and the visions that were planted in my brain, still remain... echoing the sounds of silence.” In all the states, there are good candidates/stewards out there who understand the madness of the profligate spending and the wanton misuse of debt. Find them, support them, and vote for them. And... HOLD them to their campaign rhetoric. Do not accept excuses from incumbents for failing to deliver on their prior promises; cast them out into the darkness. Make it clear to ALL candidates that they will be held accountable and that the coming “Election Day” in November will become the “Judgment Day."

I'm Fred Cederholm and I’ve been thinking. You should be thinking, too.


Copyright 2006 Questions, Inc. All rights reserved. Fred Cederholm is a CPA/CFE, a forensic accountant, and writer. He is a graduate of the University of Illinois (B.A., M.A. and M.A.S.). He can be reached at asklet@rochelle.net.

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Copyright © 2006 The Baltimore Chronicle. All rights reserved.

Republication or redistribution of Baltimore Chronicle content is expressly prohibited without their prior written consent.

This story was published on March 22, 2006.

 

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