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09.25 High Hitler: how Nazi drug abuse steered the course of history

09.24 Talking with Strangers: A Journey to the Heart of the Right

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09.25 Want to Slow Climate Change? Stop Having Babies

09.24 How to reduce the risks of carmageddon

09.24 Will the Gulf of Mexico Remain a Dumping Ground for Offshore Fracking Waste?

09.24 Existing coal, oil and gas fields will blow carbon budget – study

09.24 Dutch parliament votes to close down country's coal industry

09.24 Canada’s Founding Myths Hold Us Back from Addressing Climate Change

09.24 Trump to Fossil Fuel Execs: 'You Will Like Me So Much'

09.24 Earth Could Reach Critical Climate Threshold in Decade, Scientists Warn [we'll all die if denial idiocracy prevails]

09.23 Soil carbon storage not the climate change fix it was thought, research finds

09.23 The New, New Climate Math: 17 Years to Get Off Fossil Fuels, Or Else

09.23 Tribes Across North America Unite in 'Wall of Opposition' to Alberta Tar Sands

09.23 Air Pollution Is Linked to a Diabetes Marker

09.23 Ratifiying the Paris agreement will be a major step but must be the first of many

09.23 Farming on the edge: the Indian salt producers coping with 48C heat

09.23 100 countries push to phase out potentially disastrous greenhouse gas

09.23 Burger King and KFC called out for lagging behind on antibiotic-free meat

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09.22 What Donald Trump and Hillary Clinton aren’t talking about: Policy discussion is missing from the campaign

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09.25 Walmart's Sam's Club Scan-and-Go App May Make Cash Registers Obsolete

09.25 Autonomous vehicles could cost America 5 million jobs. What should we do about it?

09.25 How to Cover a Charlatan Like Trump

09.25 A Week of Whoppers From Donald Trump

09.25 HILLARY CLINTON FOR PRESIDENT

09.25 Higher housing prices in blue states may affect presidential election, report says

09.25 Fear of a Female President

09.24 Trump’s Agenda: A Recipe for Civil Unrest

09.24 Channeling Sanders, Clinton Proposes Whopping Billionaire Estate Tax [worldwide normalization of taxes—with full visibility of income and wealth for fairest taxation—must be achieved. Automation is capable of eliminating 45% of jobs NOW, and it will happen rapidly to realize profits.]

09.24 Thousands of Verizon customers are battling data over-limit fees: Money Matters

09.24 HILLARY CLINTON: DEAD-ON COMIC, DULL POLITICIAN

09.22 IACP developed a 10 question survey on pressing criminal justice issues for the 2016 U.S. presidential nominees

09.22 Lies and Lapses on the US Campaign Trail

09.22 Mike Pence, a heartbeat away from the presidency? Now that’s frightening

09.22 Bernie Sanders: The ‘Nation’ Interview

09.22 Whom Should We Blame for Our Deranged Democracy?

09.22 Make the Public Health Insurance Option Central to the 2016 Campaign

09.22 Trump's Giant Conflict of Interest Just Got Bigger

09.22 Meet the Horde of Neo-Nazis, Klansmen, and Other Extremist Leaders Endorsing Donald Trump

09.22 Clinton hasn't won over millennials. And no, sexism isn't to blame

09.22 The Trump Foundation: what's known is shocking. We need to know more

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09.21 SEC Probe Called Possible 'Moment of Reckoning' for Exxon's Climate Crimes

09.21 Warren Skewers Wells Fargo CEO for Greed and 'Gutless Leadership' [8:57 C-Span video]

High Crimes?

09.22 Stopping the War on Children

09.21 Russian planes dropped bombs that destroyed UN aid convoy, US officials say

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09.23 Carney backs green finance to cut emissions and boost growth

09.23 Helicopter money is back in the air

09.23 Wells Fargo's toxic culture reveals big banks' eight deadly sins

09.21 The Coming European Debt Wars

09.21 TTIP 2.0? New Leak Exposes Threats of Lesser-Known TISA Trade Deal

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09.25 Panic sweeps Calais camp as refugees await the bulldozers [an “empathy wall” blocks acceptance of children]

09.24 Syria bombings leave 1.75 million without running water in Aleppo [videos]

09.24 Larry Sanders, Bernie's Brother, to Fight for David Cameron's MP Seat

09.24 THE COMING CRISIS IN MOSUL

09.23 Eugene V. Debs and the Urgent Need for a New Anti-War Movement

09.23 A Single Migration From Africa Populated the World, Studies Find [we're all distant cousins]

09.23 Obama Puts Syria at Arm’s Length as Carnage Drags On

09.23 The Best News You Don’t Know

09.22 "Indifferent to Yemen's Misery," Senate Approves Massive Saudi Arms Deal [Cardin and Mikulski voted “Yea”]

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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.

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This story was published on March 22, 2006.

 

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