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06.23 From heatwaves to hurricanes, floods to famine: seven climate change hotspots

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06.23 Norway issues $1bn threat to Brazil over rising Amazon destruction [Good!]

06.22 Al Gore: battle against climate change is like fight against slavery [videos]

06.22 Top global banks still lend billions to extract fossil fuels [who holds the debt when the music stops?]

06.22 Australian health groups urge coal phase-out and strong emissions reduction

06.22 Tories aim to block full EU ban on bee-harming pesticides [what could go wrong...]

06.22 Route to recovery: how people overcome an opioid addiction

06.21 U.S. Coastal Cities Will Flood More Often and More Severely, Study Warns

06.21 London mayor issues emergency air quality alert amid heatwave

06.21 Exxon, BP and Shell back carbon tax proposal to curb emissions

06.21 Climate goals: inside California's effort to overhaul its ambitious emissions plan

06.20 We Can’t Fight Climate Change if We Keep Lying to Ourselves

06.20 A third of the world now faces deadly heatwaves as result of climate change

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06.24 Medicaid cuts in the Senate healthcare bill are going to hit some states hard – here's who will feel it

06.24 Elizabeth Warren Says Key Thing to Know About Trumpcare Bill: 'This Is Blood Money' [video]

06.24 How the Senate's Health-Care Bill Would Cause Financial Ruin for People With Preexisting Conditions

06.24 Watch Elizabeth Warren nail exactly what Planned Parenthood does — and why we need it

06.24 Late-night hosts blast Trumpcare: 'Needless suffering for low and middle-income people'

06.23 THE INTELLECTUAL UNDERPINNING OF A “MEAN” REPUBLICAN PARTY

06.23 Single-Payer Healthcare for California Is, In Fact, Very Doable

06.23 Why The Koch Brothers Have So Much Influence On Trump: It Starts With Pence

06.23 Thomas Frank on the Demise of the Democratic Party [15:52 video; excellent, make full screen]

06.23 Exxon, Stephen Hawking, greens, and Reagan’s advisors agree on a carbon tax

06.23 Obama attacks Republican health bill as 'massive transfer of wealth' to the rich

06.22 Industry Was Doubly Generous With These 13 GOP Senators Now Drafting Trumpcare

06.22 3 mn will own 70% of US Wealth generated by 320 mn by 2021

06.22 Is American Childhood Creating an Authoritarian Society?

06.22 Leftwing Democrats say Jon Ossoff loss shows 'massive failure' of party's elites

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06.23 This North Carolina Law Is Straight Out of “The Handmaid’s Tale” [legal immorality...]

06.23 The Supreme Court Defends the Integrity of U.S. Citizenship

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06.23 'I buried my smallest child under a bush': starvation and sorrow in South Sudan

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06.23 Exclusive: Fake online stores reveal gamblers' shadow banking system

06.22 Top global banks still lend billions to extract fossil fuels [who holds the debt when the music stops?]

06.21 Gaius Publius: Finding the Greater Fool — The Elite Logic Behind “Going Over the Climate Cliff”

06.19 European commission to crack down on offshore tax avoidance [Trump is likely to further facilitate tax avoidance]

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06.24 Turkish schools to stop teaching evolution, official says [“Stupid is as stupid does.” – Forrest Gump]

06.24 In a world ruled by rumour, it is vital that scientists speak with humility and clarity

06.24 Only 2% of US Politicians Actually Want to Stop Arming Terrorists — Here’s Why [our pro-gun culture spillith over]

06.23 Iran nuclear chief warns US over support for Saudi Arabia

06.23 Rival groups vie for supremacy as fight against Isis reaches tipping point

06.23 Farms hit by labour shortage as migrant workers shun 'racist' UK

06.22 Israel vs. the United Nations: The Nikki Haley Doctrine

06.22 All Signs from Trump Point to a Coming Conflict with Iran [war doesn't "fix" anything; it can only make more war]

06.22 You Do Not Think Alone [be selective of what and who influences your "hive mind"]

06.21 Trump's silence after the London mosque attack speaks volumes

06.21 Drive to get children back to school failing worldwide

06.20 Power Causes Brain Damage [The powerful could mentally put their OCD-for-power aside to have empathy (again?) if they tried]

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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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