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Local Gov’t Stories, Events

08.15 RIDE FOR THE OVERRIDE

Ref. : Civic Events

Ref. : Arts & Education Events

Ref. : Public Service Notices

Travel
Books, Films, Arts & Education
Letters

Ref. : Letters to the editor

Health Care & Environment

08.24 HERE’S WHAT HAPPENED AFTER PORTUGAL DECRIMINALIZED ALL DRUGS, FROM POT TO COCAINE

08.24 Air pollution threat hidden as research 'presumes people are at home': study

08.24 Politics is killing mothers in Texas

08.24 Zika damage to brain goes well beyond microcephaly, research shows

08.23 Can New York City Waterproof Its Subway?

08.23 Report Shows Whopping $8.8 Trillion Climate Tab Being Left for Next Generation

08.22 Historical documents reveal Arctic sea ice is disappearing at record speed

08.22 Iraqi children pay high health cost of war-induced air pollution, study finds

08.21 The Link Between Health Spending and Life Expectancy: The US is an Outlier [the U.S. is the only 'advanced country' with for-profit healthcare without price controls...]

08.21 'Paradise Lost': How To Help Our Oceans Before It's Too Late

08.21 Dieselgate in Europe: How Officials Ignored Years of Emissions Evidence

08.21 Louisiana floods: state faces soaring recovery costs and disease concerns [related: Louisiana Loses Its Boot]

08.20 It’s Not Just Texas. Maternal Deaths Are High Across The U.S. [how do U.S. Blue States compare to Red States?]

08.20 Elon Musk leads Tesla effort to build house roofs entirely out of solar panels

08.20 Coincidence? Texas Slashed Women's Health and Maternal Death Rate Soared

08.20 'BernieCare' Can Save ObamaCare

08.20 As Louisiana Floods Rage, Republicans Are Blocking Modest Climate Action

08.20 Dakota Pipeline Construction Halted Amid Ongoing 'Defiance of Black Snake'

News Media Matters

Daily: FAIR Blog
The Daily Howler

US Politics, Policy & 'Culture'

08.24 Ties to Clinton Foundation are a knotty problem for Hillary’s campaign [more bad judgement]

08.24 BREAKING: ARMED WHITE SUPREMACISTS STORM NAACP OFFICE IN HOUSTON

08.23 As She Rakes in the Cash, Clinton Fundraisers Still Shrouded in Secrecy

08.23 The Clintons’ ethics test: Government watchdogs weigh in on the Clinton Foundation’s latest maneuvers

08.23 One Answer to School Attendance: Washing Machines

08.23 Twenty Years Since Welfare 'Reform'

08.23 Clinton’s Transition Team: A Corporate Presidency Foretold [the 'assumed' proviso should be said and promised: "...if it helps the public...]

08.22 Why Donald Trump is Reaching Out to Black Voters [an appeal to gain votes from ALL the uninformed and uneducated]

08.22 What We Can—and Can't—Learn From the Floods in Baton Rouge

08.22 How Chicago Youth View Police, From School to the Streets

08.22 Chicago's Inescapable Segregation

Justice Matters

08.22 Mapping 'Pre-Crime' in Rio

High Crimes?

08.23 UK in denial over Saudi arms sales being used in Yemen, claims Oxfam [US too...]

Economics, Crony Capitalism

08.24 PHARMA CEO GAVE HERSELF AN $18 MILLION RAISE AFTER HIKING EPIPEN PRICES

08.22 As Resistance Mounts, TPP Becoming 2016 Election's Third Rail

08.21 The death of neoliberalism and the crisis in western politics

08.21 Trump and Clinton's free trade retreat: a pivotal moment for the world's economic future

08.20 U.S. Army fudged its accounts by trillions of dollars, auditor finds

International

08.24 Acceptable Losses

08.24 Turkish troops enter Syria in major operation against Isis

08.23 Congress Must Take Action to Block Weapon Sales to Saudi Arabia

08.22 Israel planning new Squatter settlement near Bethlehem to ‘cut Palestine’s West Bank in two’

08.22 A Lawless Plan to Target Syria’s Allies

08.22 After 10 Years, US B-52H Resumes Operations in Afghanistan [is killing more, faster our policy objective?]

08.22 In Response to Indiscriminate Saudi Bombing, MSF Evacuates Northern Yemen

08.22 Anti-Austerity Leftist Announces Challenge to French President Hollande

08.22 Philippine police anti-drugs operations have killed 712 since July, Senate hears

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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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