With the caveat that I am an unapologetic liberal and decidedly Keynesian, the root problem is that once established, the primary purpose of each and every government department is to perpetuate itself and expand its turf.

Solving the problem for which any government agency or department was established, is at best, secondary.

Fixing that requires a better mind than mine.

All the Best,
Thrash

Thanks for your insight and the info.

I heard that many of the programs that will be “frozen” in 2011 have seen budget increases that total 24% during FY 2009 and 2010. I would accept a similar freeze if my pay had been increased by 24% over the last two years.

Here we go again with “Washington Speak.” In DC a budget cut is actually a budget increase because the size of the yearly budget increase is trimmed, not the year to year budget figure. I think this is called 0 base budgeting.

A savings of 25 billion a year is chump change.

markm

A news article you posted in the side bar a week or so ago, a little technical, but it basically exposed the cover-up on US Treasury sales. Anyone really believe that US households are buying treasuries at a rate to replace all the foreign governmental sales? If so, there may be some truth to the urban ledged and conspiracy theories about why fluoride is being added to our drinking what. The FED is buying all a tremendous amount of the Treasuries and monetizing it. Where did the FED get all this money? They make it the old fashion way, the PRINT it.

Now on Bloomberg, Charles Calomiris of Columbia Business School is saying the government will not lose any money on the bank bailouts including AIG. I did not have time to play it back but I think he included GM. And he said it with a straight face. W H A T ! Damn, while I may not be a Harvard grad or a Columbia PHD, I KNOW that is some much unadulterated bull feces.

WHAT I do see is an orchestrated effort by the US Government and its friends to lull the sheep to sleep. The Obamamites are getting us to argue of how many jobs they created….they did not create any except $100K government jobs…but instead of us discussing how many jobs they LOST the country, we are arguing how many they created which means they actually did some thing positive. Oh, yes…we ARE really that stupid.

Ayn Rand and George Orwell would be warning us. The US has a cancer, it is dying. We need financial Chemotherapy and radiation which is going to be painful. What are we getting? Breads and Circuses. Can anyone else hear Nero’s Obama’s lyre fiddle in the background? Wake up people and smell the smoke. Let’s start to put this out in 2010.

Oh.. Anyone know how many people are going to be 65 this year? About 1.2 to 1.5 million; the FIRST wave of the baby boomer this year and more to follow every year. Do you understand the implications?