Post Tagged with: "Congress"

Pearl Harbor Day Then and Now

December 7, 2018 10:18 AM
Pearl Harbor Day Then and Now

As a Navy veteran, December 7th, what my grandmother called Pearl Harbor Day, has special meaning to me. In recent years, however, its symbolism has taken on new dimensions.

Seventy-four years ago, without first declaring war, the Japanese Imperial fleet attacked the U.S. Naval Base at Pearl Harbor causing considerable damage to the Navy’s Pacific Fleet and bringing America into World War II.

A total of 2,402 American servicemen lost their lives that day, four battleships were sunk and 188 aircraft destroyed. President Roosevelt called it “a day that will live in infamy”, actually a phrase first attributed to Hawaiian Queen Lili’uokalani spoken on the day, in 1893, that the American government overthrew the native Hawaiian government.

The attack broke the U.S. out of its isolationist attitude and presaged America’s ascendency to world leadership. Americans united behind the phrase “Remember Pearl Harbor” as the nation embarked upon a nearly four year war to defeat the armed forces of Japan, Germany and their allies.

True, on December 6, 1941, the isolationist members of Congress still held great sway in the halls of that institution as the fighting in Europe was considered best for America to stay out of. One day later, everything changed in Washington, D.C. and across a now united nation.

Seventy-seven years later, none who survived that day remain and the cohesiveness and combined
commitment of that time are not apparent in today’s political environment or society at large. We face great challenges, possibly greater than we faced on December 7, 1941, although economic dangers are not as easy to identify as military dangers from foreign forces.

We should be clear, however, that today’s dangers in the national economy are every bit as grave as the military dangers we faced 74 years ago. The industrial might and national wealth that the U.S. marshaled to support its war effort, and those of its allies, have been lost.

Read more ›

Donald Trump Pulls Off Election Surprise

November 9, 2016 3:30 AM
Donald Trump Pulls Off Election Surprise

Donald Trump will be the next President of the United States after pulling out the biggest election night surprise since 1948.

Trump clinched his election victory with surprising strength in the “Rust Belt” states, an area where Hillary Clinton and the Democrats miscalculated their strength especially in Pennsylvania, Michigan and Wisconsin.

The presidential result emphasizes the deep dissatisfaction voters feel with Washington and what is called ‘politics as usual.’ Trump’s victory can be credited to his ability to sell himself as an outsider from the political establishment of both parties.

The Trump victory brought immediate uncertainty to financial markets as world stocks began tanking around 9 p.m. on election night and Dow futures dropped 650 points overnight. This is not the reaction of the stock markets that one would expect with a Republican candidate winning the presidency. The markets rebounded later to recover most or all of their losses.

This is not the reaction of the stock markets that one would expect with a Republican candidate winning the presidency.

However, voter rejection of politics as usual only extended as far as the presidential race. Most members of Congress seeking re-election were returned to their seats without a problem, some without an opponent.

So, if you’re expecting big changes in Washington with Trump as president, get ready for a disappointment. Congress still controls the domestic agenda as well as the purse strings.

Read more ›

Our Social Security Checks

September 5, 2016 8:29 AM
Our Social Security Checks

The Social Security Check is now (or soon will be) referred to as a: *Federal Benefit Payment*!!! The government is now referring to our Social Security Check as a “Federal Benefit Payment.”

This isn’t a benefit. It is our money paid out of our earned income! Not only did we all contribute to Social Security, but our employers did too. It totaled 15% of our income before taxes.

If you averaged $30K per year over your working life, that’s close to $180,000 invested in Social Security. If you calculate the future value of your monthly investment in social security ($375/month, including both you and your employers contributions) at a meager 1% interest rate compounded monthly, after 40 years of working you’d have more than $1.3+ million dollars saved!

This is your personal investment.

Upon retirement, if you took out only 3% per year, you’d receive $39,318 per year, or $3,277 per month. That’s almost three times more than today’s average Social Security benefit of $1,230 per month, according to the SocialSecurity Administration. (Google it -it’s a fact).

And your retirement fund would last more than 33 years (until you’re 98 if you retire at age 65)! I can only imagine how much better most average-income people COULD LIVE in retirement if our government had just invested our money in low-risk interest-earning accounts.

Instead, the folks in Washington pulled off a bigger * Ponzi Scheme* than Bernie Madoff ever did.

They took our money and used it elsewhere. They forgot (oh yes, they knew) that it was OUR money they were taking. They didn’t have a referendum to ask us if we wanted to lend the money to them. And they didn’t pay interest on the debt they assumed.

And recently they’ve told us that the money won’t support us for very much longer. (Isn’t it funny that they NEVER say this about welfare payments?)

But is it our fault they misused our investments?

Read more ›

Congressional Budget Conference Committee Opens

October 30, 2013 7:00 AM
Congressional Budget Conference Committee Opens

A 29 member budget conference committee opens today that will potentially address all the big spending and tax issues in Washington.

The conference committee was part of the deal that reopened government and raised the federal debt ceiling in the latest congressional standoff.

The committee is supposed to issue a report by December 13th. If that report has the support of at least half of the members of the committee from each house of Congress, the report will go to the full House and Senate for approval.

Read more ›

Change Needed in Federal Government

October 8, 2013 8:00 AM
Change Needed in Federal Government

Now into our second week of a federal government shutdown with a possible default on federal government debts looming just around the corner, it’s time to admit what we have in Washington doesn’t work.

A total of $5.2 billion was spent on the 2012 elections for President and Congress. We’d have been better off burning $100 bills in the front yard.

What was the first thing many in Congress did when they got to Washington in January 2013? Start raising money for re-election in 2014!

Read more ›

Focusing on Government Spending

April 11, 2013 3:56 PM
Focusing on Government Spending

I read a statistic recently that startled me. The average pay for federal government employees is nearly $78,500 per year ($78,467).

The number of workers in the pool that determines average wage is 1,850,311 (one worker for every 167 Americans). Of this group, 4,744 more workers are making over $140,000 than at the same time last year.

And these government workers also have rather attractive benefits packages including such things as excellent health insurance coverage; a solid, defined benefit retirement plan, and liberal paid holiday and vacation packages.

None of these numbers includes the workers who are contracted by the government annually, but who are also paid from public tax dollars.

Read more ›

Elizabeth Moffly Slams Good Ol’ Boys Network

March 9, 2013 8:00 AM
Elizabeth Moffly Slams Good Ol’ Boys Network

First Congressional District Republican candidate Elizabeth Moffly scored big at the expense of her Congressional race opponents when she slammed the Good Ol’ Boys network that has controlled politics in South Carolina for too long.

Moffly, the only woman among 16 Republican candidates in the March 19th primary, told it like it is about her top competitors in the race in a You Tube video that complements her “Good Ol’ Boys” radio ad.

Read more ›

Electronic Communications Privacy Act

November 21, 2012 10:17 PM
Electronic Communications Privacy Act

One more nail in the coffin of liberty is being prepared in Washington as Vermont Democratic Senator Patrick Leahy’s rewrite of the Electronic Communications Privacy Act is scheduled for a vote next week.

Despite the misleading name, the rewritten bill would allow 22 federal agencies unlimited access to email accounts without a search warrant and without notifying either the account owner or a judge.

This is just another example of how the federal government is solidifying its position as the ever watchful ‘Big Brother.’

The rewritten bill will not be as egregious as other federal government initiatives since the terrorist attacks of September 11, 2001.

Read more ›

Illuminating the Light Bulb Ban

January 2, 2012 3:59 AM
Illuminating the Light Bulb Ban

Maybe you’ve heard that the federal government has outlawed the incandescent light bulb effective Jan.1, 2012. Well, that’s not quite correct. Here’s what’s really happening: A planned phase-out of today’s general service 40W, 60W, 75W, and 100W incandescent bulbs.

The funding to enforce these standards has been blocked in the giant 1,200-page omnibus-spending bill that was recently signed into law by president Obama. This is the result of uninformed propaganda set forth by talk radio pundits and the new ‘I hate government’ movement.

But don’t plan that the old bulb will be manufactured any time soon. The DOE rules go into effect in 2012 and lighting companies have already phased out the manufacturing capabilities of their inefficient light bulbs.

The law was passed in 2007 as part of the Energy Independence and Security Act (EISA) a sweeping, 300-plus-page energy bill passed by the 110th Congress—effectively bans the 100-watt incandescent bulb. In addition new efficiency standards were established for appliances, residential, commercial and industrial buildings. Light bulb efficiency was only one part of the law.

Read more ›