JUST SOME POSTS

 Here it is headed towards the middle of the fifth month of 2023, a year that I began promising myself I would start posting regularly again! Oh well... I am moved to do this post due to the totally manufactured "debt crisis" that Congress is foisting upon us, the taxpayer - AGAIN!  Why do we have to raise the debt ceiling again? What is the debt ceiling? Why does any of this matter? The debt ceiling was put into place in its modern form with the Budget Acts of 1939 and 1941. This established a limit to how much debt could be incurred by Congress to try to cap the cost of borrowing and spending. The issue has been, especially of late, that Congress just passed another set of rules saying they could increase this limit at will. (obviously assuming that the two parties could agree on the amount and vote it through) So, the limit is really just a suggestion, more or less. The debt ceiling has to be raised because Congress/the Federal Government is spending more than is being tak...

Well. we did it. An incompetent congress, directed by an incompetent president has taken our national debt to a whole new record! Sometime this week (as I write this on Dec 23, 2011) our national debt has exceeded our GDP. Now some of you do not know what a GDP is. (some of you don't care, but then you shouldn't be reading this - move on to some of my light hearted ones - they get all the hits anyway). GDP, or Gross Domestic Product is the total of the value of all the goods and services produced/performed in the U.S. combined with the value of all the goods produced and exported, minus the value of the goods imported. Or,  GDP = private consumption + gross investment + government spending, + (exports - imports).   There are other ways of measuring GDP, but in theory at least they should all add to the same number. What really bothers me is this travesty occurred while Congress was battling over extending a social security tax suspension for two months. TWO FREAKIN' ...

I almost hate to do this one for fear of running off people that don't want serious posts, or get bored with the same subject; but I feel I have to. My last post went into the problem we have in this country with finances, specifically government finances. There are way too many people in this country that believe the government can just spend money whenever and on whatever they want (including a lot of politicians!). I won't redo that post. If you care, you can go look yourself. This post however is going to be similar. I am gravely concerned about our national debt. Mostly because the spending/budgeting by the government seems to be ignoring it. The U.S. national debt now stands at over 14 TRILLION dollars! 14 Trillion! Our GDP (gross domestic product - the combined value of all goods and services of an economy) is about 14 Trillion dollars. So, the U.S. owes as much as it produces. Now this is not as much as is earns - but produces. Compare this to an individual that owe...