Newspaper logo  
 
 
Local News & Opinion

Ref. : Civic Events

Ref. : Arts & Education Events

Ref. : Public Service Notices

Travel
Books, Films, Arts & Education

11.19 How DNA Is Reshaping How We See Ourselves—and Our History

11.18 Lobbying Used to Be a Crime: A Review of Zephyr Teachout’s New Book on the Secret History of Corruption in America

Letters
Open Letters:

Ref. : Letters to the editor

Health Care & Environment

11.21 We need a new law to protect our wildlife from critical decline

11.20 CO2 emissions must be zero by 2070 to prevent climate disaster, UN says

11.20 UK pledges £720m to climate change fund for poor countries

11.19 The Real Roots of Midlife Crisis

11.19 New York snowstorm: Four dead as 'wall of snow' buries Buffalo [video, photos]

11.18 Bottom line on climate change: It’s costing you money

11.17 The Weekly Health Quiz

11.17 Thalidomide: how men who blighted lives of thousands evaded justice

11.17 The new strain of cannabis that could help treat psychosis

11.17 The Crapified Magic of the ObamaCare Marketplace

News Media

11.19 Fox News misleads about Jon Stewart: Sean Hannity, Bill O’Reilly and the insane new partisanship

11.16 FAIR BLOG

Daily FAIR Blog
The Daily Howler

Justice Matters

11.21 Icelandic bankers jailed for reckless loans made before crash

11.20 Stripping Neighbors of Money: Pressure Mounts for EU Crackdown on Tax Havens

11.19 Horrific stories about Bill Cosby were out there for years. Why are we only now listening to these women?

US Politics, Policy & Culture

11.21 Ferguson Protests Are Coming to Your City

11.21 The U.S. government thinks China could take down the power grid

11.21 Obama on immigration: 'We are and always will be a nation of immigrants'

11.19 Hillary’s Silence on Iran and Immigration Reform

11.19 America Is the Developed World's Second Most Ignorant Country

11.19 Imperfect Union: The Constitution Didn't Foresee Divided Government

11.19 Senate Republicans block landmark NSA surveillance reform bill

11.19 Senate rejects Keystone XL pipeline bill (For Now) [Related 'Cowboys and Indians' alliance]

11.17 Two Detroits, Separate and Unequal: A Journey Across a City Divided

11.16 Full Show: The Bare Knuckle Fight Against Money in Politics [25:19 video and transcript]

High Crimes?

11.19 Elephants are being wiped out, but not enough people seem to care

11.18 Modern slavery affects more than 35 million people, report finds

11.17 The State Secrets That Senator Mark Udall Should Reveal

Economics, Crony Capitalism

11.20 WSJ Reports: Bank of North Dakota Outperforms Wall Street

11.20 Elizabeth Warren Blasts FHFA’s Mel Watt: “You Haven’t Helped a Single Family” [5:23 video]

11.19 Firestone and the Warlord [1:23:41 video documentary]

International

11.20 Putin's Reach: Merkel Concerned about Russian Influence in the Balkans

11.20 The 'Caliphate's' Colonies: Islamic State's Gradual Expansion into North Africa

11.20 Teeth and Bones: Mass Abduction Reveals a Decaying Mexican State

11.19 3rd Possibility: Coming Civil War in West Bank/ Jerusalem?

11.18 Putin says west is provoking Russia into new cold war as ‘spies’ deported

11.18 Three Ways Cities Try (and Fail) to Solve Homelessness

11.18 South Dakota Sioux tribe calls Keystone XL pipeline approval 'act of war'

11.17 A Cuban Brain Drain, Courtesy of the U.S.

11.17 Revealed: how coalition has helped rich by hitting poor

11.17 Iran and US close in on historic nuclear deal at Vienna talks

We are a non-profit Internet-only newspaper publication founded in 1973. Your donation is essential to our survival.

You can also mail a check to:
Baltimore News Network, Inc.
P.O. Box 42581
Baltimore, MD 21284-2581
Google
This site Web
  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.

To “audit” this column and to learn more about the subjects discussed, please check out:




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.

 


Public Service Ads: