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07.28 Why Warren Buffett Loves Renewable Energy

07.28 Report shows 1 in 3 Texans chooses renewable energy options

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07.28 Wishful Thinking About Natural Gas: Why Fossil Fuels Can’t Solve the Problems Created by Fossil Fuels

07.27 JOHN FRANCO: A DIGESTABLE WAY TO SINGLE-PAYER

07.25 Antarctica’s Point of No Return

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07.28 My party has lost its soul: Bill Clinton, Barack Obama and the victory of Wall Street Democrats

07.27 Repeal Prohibition, Again

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07.26 What is Paul Ryan's plan to expand the EITC?

07.25 Black Homeowners Are Worse Off Today Than They Were 40 Years Ago

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07.29 To Summarize the Israeli/Gaza War

07.28 As the Gaza crisis deepens, boycotts can raise the price of Israel’s impunity

07.27 Palestinian Resistance: an icon for those who long to live free

07.27 Wyden Ponders Release of CIA Torture Report Without White House Consent

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07.29 Israel Creates ‘No Man’s Land’ in Gaza, Shrinking Strip by 40 Percent

07.29 Huge blaze out of control in Tripoli battle as Libya slides into chaos

07.29 Weapons paid for by US are Missing in Afghanistan: Did they go to the Taliban?

07.29 Unlike Iraq, Iran, Libya, N. Korea, Israel has Impunity from Defying UNSC (Gaza Ceasefire)

07.29 The Wake-Up Call: Europe Toughens Stance against Putin

07.29 Gaza pounded by Israel after Netanyahu promises prolonged battle

07.29 When I served, the Israeli military was the most moral in the world. No more

07.28 Why Is Israel Losing a War It's Winning?

07.28 Stopping Putin: The Time Has Come for Europe to Act

07.27 North Korea Is Not Pleased: Dance Video Features Kim Jong Un [3:29 video]

07.27 Gaza death toll over 1,000 - Israeli toll up to 42 [videos, photos]

07.26 Gangs, guns and Judas Priest: the secret history of a US-inflicted border crisis

07.26 Central American leaders meet Barack Obama to criticise US border policy

07.26 Iraq: Isis warns women to wear full veil or face punishment

07.25 America Is the Only Country with a Favorable View of Israel [graphs]

07.25 The Gaza war has done terrible things to Israeli society

07.25 Ex-Israeli Security Chief Diskin: 'All the Conditions Are There for an Explosion'

07.25 West Bank erupts as UN deplores Gaza school attack

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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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