by Richard Lingensjo

Created on: July 23, 2009   Last Updated: July 25, 2009

Liberals (Jimmy Carter and Congress) drove me out of business with 22% interest rates; again the liberals (Barney Frank et al.) have driven me out of business. As a construction worker, we usually get hit first in a down-tern of the economy.

I predicted euphemistically (last year), we are going to experience Carter's second term (he did 4 years); I was wrong. The current excesses in liberal borrowing will result in an extended W recession, being much worse than Carter. When the private-sector naturally tries to rebound, higher interest rates will drag business activity back down; government borrowing will crowd-out business from credit markets.

The best stimulus would have been (now - high debt may preclude this option) a Federal income tax holiday for one year. That action would have been immediate and needed no administration. Whatever individuals citizens did with THEIR money would jump-start the economy. This was not an option for liberals because; cool-aid drinkers would protest the end of the tax holiday.

The current non-sense being perpetrated on the public is NOT new. History, going back several thousand (not hundreds) of years, is replete with conicals of elites manipulating the people. Many divide and exploit issues are used (see the shinny object in my other hand) to distract the commoners. Government is inherently oppressive, therefore, controlling the size in paramount.

Our representatives have betrayed US, and the state-media is complicit. A prime example is the open southern border and dysfunctional anchor-baby policy. Iran has elections, to create the delusion that citizens (read you) have an influence.

To circumvent the minutiae, let's ENFORCE a strict hiring FREEZE (Military exempt / expressly in Constitution) on the Federal government, including contract employees. Routine attrition will automatically reduce the size and cost; no person even need be terminated (poor dears' feelings in tact). Excess facilities, as they are vacated, can be auctioned off to reduce the debt. Retraining (as they tell us) and paid relocation of existing personal can fill ANY critical positions.

In addition, REVERSE recent bail-outs and stimulus spending; the banking system being unique. Future proposed Federal spending on pork and pet projects MUST be made public (in writing) six months prior to the first vote in the House. The Congressional-persons can argue and campaign on how they will allocate the funds available.

Third, to deal with third-rail topics like Social Security, a large CPA firm is hired to audit (at macro-level) the Federal Reserve, unfunded liabilities, and ALL other conceivable DEBT of the Federal government. Then, much like the base closing program, that same FIRM makes up-or-down recommendations on how to actuarially manage the various obligations in a fiduciary responsible manor.

Eventually, during the recuperative period, we consider our options.

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