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10.13 'If the land isn't worked, it decays': Tunisia's battle to keep the desert at bay [beautiful business plan for LIFE]

10.13 Trump scraps Obamacare subsidies in surprise late-night announcement [videos; his Infantilism should cause his impeachment]

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10.17 How Anti-Trump Psychiatrists Are Mobilizing Behind the Twenty-Fifth Amendment

10.17 McCain blasts 'half-baked, spurious nationalism' in emotional speech [video]

10.16 Nevada to Big Pharma: ‘Show Us Your Books!’

10.16 The Danger of President Pence

10.16 TRUMP’S WOULD-BE WEATHER CZAR TRIED TO SHUT DOWN FREE FORECASTS [The looting and corrupton is refreshingly open]

10.16 Here's the Democrat Who Just Announced His Challenge to Hawkish Feinstein

10.16 Singer Marc Anthony to Trump: You will be held Accountable for needless American Deaths in Puerto Rico

10.16 The Texas town where all the energy is green [Alert! Ignoring party leadership, exceptional Republicans use reason to do good!]

10.15 “It’s going to hurt everybody”: Nevada’s GOP governor rips Trump over ACA sabotage [Alert! Republicans aren't all bad!]

10.15 20 of America's top political scientists gathered to discuss our democracy. They're scared.

10.15 To Kill a Mockingbird by Harper Lee taken off Mississippi school reading list [teaching real history makes future citizens better and avoids racist hatred repeating—that's why Germans have taught real history since WWII]

10.15 ‘Hitler’s American Model: The United States and the Making of Nazi Race Law’ [America is still a model country for racism and hate]

10.15 Multi-State Suit Targets Trump's "Reckless Assault" on Healthcare as Anger Flows [does our President have these traits?]

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10.14 KOCH BROTHERS’ INTERNAL STRATEGY MEMO ON SELLING TAX CUTS: IGNORE THE DEFICIT

10.14 How to Wipe Out Puerto Rico’s Debt Without Hurting Bondholders

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10.12 Fossil fuels win billions in public money after Paris climate deal, angry campaigners claim [fossil fuel companies will declare bankruptcy when (not if) fossil fuels become worthless, so it will then be the public's money that is lost, without recourse]

10.11 Special Investigation: How America’s Biggest Bank Paid Its Fine for the 2008 Mortgage Crisis — With Phony Mortgages!

10.08 How Billionaires Become Billionaires

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10.17 For Abandoning Climate Accord, Pope Swipes Trump on World Food Day [Trump is attuned to serve billionaire cronies and himself]

10.17 The Movement of #MeToo

10.16 How Trump’s Foreign Policy Mood Swings made US a Rogue State

10.16 In Absence of US Leadership, War Breaks out between Kurds and Baghdad

10.15 AI WEIWEI EXPLORES THE “HUMAN FLOW” OF REFUGEES AND FINDS AN AMERICA THAT LOST ITS CONSCIENCE

10.15 Genes for Skin Color Rebut Dated Notions of Race, Researchers Say

10.15 Toyota’s Trucks That Only Emit Water Vapor Are Moving Goods in LA

10.15 Tony Blair: ‘We were wrong to boycott Hamas after its election win’ [guiding principle #1: do not cause harm to civilian populations]

10.15 Margaret Atwood: Rise of Trump Brings Echoes of 1930s Europe

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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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