Wednesday, January 20, 2010

Let the Fallout Begin

No, I'm not going to talk about the election, it's consequences or make predictions. I've voiced that already. The fallout I refer to is the reverberations we shall begin to experience as the results and it's implications get absorbed and then explode into the atmosphere. The fallout shall permeate everything, everyone, everywhere.

Perhaps this result is again a shot which will be heard around the world, but rest not, for there is always someone ready to snatch victory from your grasp and abscond with your liberty.

Waiting is a huge behemoth created by Congress; a Health Care $Bill$ of great $cost$ and unknown proportions, for which the taxation has already begun.

A short visit to will reveal that along with Social Security, Medicare and most of all government spending ventures are basically failures and would have already been bankrupt except for the bailouts we provide via our taxes. The banks have been made the "fall guy" for all that ails a government which does not wish to take responsibility for their mismanagement of funds.

Most of the population believes the hue and cry not realizing that the banks have, on the most part, repaid their bailout loans with interest and that the federal reserve made $58 billion in interest earnings which the government does not wish to use to reduce the deficit as originally promised.

Why is it that no one is crying out for us to be repaid with interest for all money we have provided to bail out Social Security, Medicare, the Post Office, Freddie Mac, Fannie Mae, and coming soon the Health Care Reform? Do you really think that our tax dollars are well spent?

These bailouts will continue especially now with the increasing realization that there are more productive workers in government than in the private sector. In addition when we realize that government workers earn on average $75,000 as opposed to $45,000.00 of a private worker. and that their benefits last a lifetime and their retirement eligibility is much sooner. Couple that with the fact that the government employment increase is set to be 15.6% in 2010, I wonder, where do you suppose it will end?

It is why the government will need more and more of your earnings. In fact 2009 will again be a low earnings year for the government if I did my tax math correctly, because earnings are still not where they were in 2004, 2005, 2006 or 2007, so I don't think tax revenue will come near to those levels again. Last year I predicted a 35% was 33%, this year I believe it will be again near that level. So where will the money come from to carry the day?

For further bad news, government workers are excluded from having to pay the health care package penalty or tax so then ask yourself, how much will this proposed health care package rewards cost and how much more cost will you have to bear in the years ahead.

Next, they'll want us to pay for the weather and the Internet

It is why I proposed not to sit too long with the joys of victory because while you rest, other forces are at work to take your liberties and your prosperity away.

Thanks fro reading
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