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08.15 RIDE FOR THE OVERRIDE

Ref. : Civic Events

Ref. : Arts & Education Events

Ref. : Public Service Notices

Travel
Books, Films, Arts & Education

12.01 What Trump Really Means When He Talks About "Government Schools" [stupid is as stupid does: private prisons worked so badly, they want to privatize schools too]

Letters

Ref. : Letters to the editor

Health Care & Environment

12.03 Veterans Arrive at Standing Rock to Act as 'Human Shields' for Water Protectors

12.03 Kinder Morgan pipeline: Canadians intensify huge opposition to expansion

12.03 Five ways to take action on climate change

12.03 New blow for Hinkley Point contractor EDF after French safety checks

12.03 Nikola One hydrogen-powered semi is tall, different and zero-emission [Embrace science, Donald. It's the only way to save your presidency]

12.03 Scientific Knowledge Sorely Lacking at Breitbart-Tweeting House Science Committee ["Stupid is as stupid does." – Forrest Gump]

12.02 After 60 years, is nuclear fusion finally poised to deliver?

12.02 The government's report on the Great Barrier Reef is a 'dog ate my homework' moment

12.02 Martin Shkreli branded an 'attention seeker' as Sydney student hits back [0:49 video]

12.02 LOOKING AT HOW ABORTION RESTRICTIONS ENDANGER WOMEN’S LIVES

12.02 Climate Change and the Coming 'Humanitarian Crisis of Epic Proportions'

12.02 Congress Nears a Breakthrough on Medical Research Funding [welfare for the most profitable companies in the world]

12.01 30 Years of Oil and Gas Pipeline Accidents, Mapped

12.01 Siemens' £310m Hull plant will take windfarm technology to new level

News Media Matters

12.02 Fake news: an insidious trend that's fast becoming a global problem

12.02 SOLVING THE PROBLEM OF FAKE NEWS'

Daily: FAIR Blog
The Daily Howler

US Politics, Policy & 'Culture'

12.03 Senate Responds to Trump-Inspired Anti-Semitism By Targeting Students Who Criticize Israel

12.03 Keith Ellison and the Battle for the Democratic Party

12.02 TRUMP WARNS THAT COMPANIES SHIPPING JOBS OVERSEAS WILL BE SLAPPED WITH ENORMOUS BRIBES [Fact that only looks like parody]

12.02 Carrier Just Showed Corporations How to Beat Donald Trump

12.02 Lawrence Lessig: The Electoral College Is Constitutionally Allowed to Choose Clinton over Trump

12.01 Trump Saved Jobs at Carrier by Making the Same Deal American Politicians Always Make

12.01 Trump Treasury pick made millions after his bank foreclosed on homeowners

12.01 The Clintons’ Dominance of Democratic Politics Is Over—And They Will Not Be Remembered Fondly

12.01 Elizabeth Warren Proposes to Strengthen Democratic Spines With a Powerful New Tool: Math

Justice Matters
High Crimes?
Economics, Crony Capitalism

12.03 Hillary Clinton’s “Corrupt Establishment” Is Now Advising Donald Trump

12.03 TRUMP’S WOLVES OF WALL STREET

12.01 How to Hide $400 Million ["Ideal," thinks Trump. This tax-shelter system using deregulation loopholes in many tax-havens enables vast worldwide corruption]

11.29 Donald Trump: Be ‘Big Marco’ or Set His Own Path?

11.28 The liberal elite’s Marie Antoinette moment

11.27 Here’s Why the Defense Industry Is Ecstatic About a President Trump

11.26 Capitalism in One Family

International

12.02 Possible French presidential candidates from the left

12.02 This is the most dangerous time for our planet

11.30 Reach out, raise money or remove: how should cities deal with street begging? [an unresolved public health care opportunity...?]

11.30 German spy chief says Russian hackers could disrupt elections

11.30 Tearing up US deal with Iran would be disastrous, says CIA chief

11.29 Hungary looks to the past for its future

11.29 Poland’s great leap backwards

11.29 Germany Prepares for Trade Conflict with Trump

11.29 The Man Who Could Shake Up German Politics

11.29 Merkel Must Change to Meet Germany's Challenges

11.29 Jimmy Carter: America Must Recognize Palestine

11.28 Britons could pay for EU citizenship after Brexit, says top negotiator [Let's get rid of nation states and allow everyone to be Earth Union (EU) citizens instead!]

11.28 'Holocaust on ice' dance by wife of Putin official causes uproar [8:08 video; an excellent performance]

11.28 'The only two powerful cartels left': rivals clash in Mexico's murder capital

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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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