Monday, June 29, 2015

Puerto Rico Is Bankrupt

Puerto Rico, a territory of the United States, is bankrupt.  The current Debt of Puerto Rico, a series of islands, with 3.6 million residents, is $70 Billion.  Officials have reported that within three months there will be a government shut down in Puerto Rico because they cannot meet their Debt Payments.  The government in Puerto Rico, with about 150,000 employees is the largest employer.  Their bonds, the means they have been using to fund operating expenses, are rated as junk by the Hedge Funds that have been financing their government. 

The balloon has burst.   The credit markets will soon say NO MORE.  Puerto Rico will request that the US Congress provide a bail out, which is impossible.  Even though the US can print money, which it has already been doing to fund the US National Debt at $18 Trillion, with no end in sight,  the Congress and the President can't say Yes to a bail out of Puerto Rico because there are numerous US states and cities also facing bankruptcy, watching to see what happens and waiting in line. 

Ultimately, Puerto Rico will either default on its debt and or its creditors, including government employees on pensions, will have to take a huge hair cut and we are talking pennies on the dollar, in order for Puerto Rico to maintain any level of government services.   Of course, thousands of government employees will have to be laid off.  There is no way the 3.6 million people of Puerto Rico can pay off this Debt.  Neither can they raise taxes on their citizens, many of whom are poor, or on Tourists, their primary industry, sufficiently to make a dent in this Debt.  

So shortly, we will see the economic collapse of Puerto Rico, which means runs on the banks, bankruptcies since Puerto Rico cannot pay its suppliers, civil strife on their streets and probably many Puerto Ricans leaving Puerto Rico to come to the United States, which they can do as US citizens.  These episodes, as is happening in Greece, are showing us what will happen to the United States if we don't get our fiscal house in order.  

It is true that the United States government can and will print money to deal with our National Debt and promises made for government pensions and Entitlements; but all that will do is lead to very high inflation and interest rates.  Either way, we face fiscal calamity if local, state and federal governments don't stop all the wasteful spending and  borrowing to fund current operating expenses.  It is what it is.   The day of reckoning is coming. 

Sunday, June 28, 2015

Unskilled Blue Collar Men In America - No Future

Many of the millions of unemployed in the United States, often on Welfare and or Food Stamps, or Disability Benefits are Unskilled Blue Collar Men with little or no education, or job skills.  The days of being paid a Union Middle Class income to screw in a bolt on a factory floor are long gone.  A little thing called global competition came along to kill those jobs.  Today, those jobs are either in China, Mexico or other countries, or eliminated by robotics.   While women have adapted better to the new economy, many Unskilled Blue Collar Men are stuck in a time warp.  And, many of them are single because women are not about to carry dead weight, avoiding Men that have no future. 

What to do?  One thing is for sure, we need Workfare instead of Welfare to get these able bodied men off their butts, either into community clean up programs, or better yet into two year vocational education programs as a requirement for receiving Welfare.   We do Men, with nothing to offer society no favor by allowing them, or anyone else, that is able bodied the ability to collect Welfare, or even Disability Benefits without a Community Service, or Education Requirement.  Without a marketable Trade, these Men are going nowhere at our expense.  While many of these Unskilled Blue Collar Men have no education, or a high school diploma at best, there is no reason they can't learn to be a chef, cable installer, electrician, plumber, or carpenter.  And, if and when they do, they will have meaningful work, which will provide purpose and dignity.

All of this is leading to dysfunctional families, when these Men are married, since they are not a role model for children.  And so, the vicious cycle of poverty continues because our government refuses to actually deal with the problems we face in society.   Socialists just propose higher and higher taxes to fund more Socialist Schemes and hand-outs without any strings.   We get same old same old and in this case it is millions of able bodied Unskilled Blue Collar Men with no future. 

Saturday, June 27, 2015

China Or Russia - Happy To Bail Out Greece

Greece will soon experience complete financial collapse, which will result in civil strife and chaos on their streets.  Years of Socialist spending on public employee compensation and benefits and the typical waste, fraud, and corruption that comes with all Socialist Schemes will soon result in Greece defaulting on its National Debt.  There are already runs on the banks as Greeks seek to get out of Greek banks whatever Euros are left.  Americans should notice what is happening in Greece because it will be the American story if we don't bring an end to our deficit spending and begin to pay off our $18 Trillion National Debt. 

Matter of fact, it may already be too late for the United States because there is more than $150 Trillion in unfunded liability sitting out there for local, state and federal pensions, Social Security, ObamaCare, Medicaid etc. etc.  If all the wealth in our country was confiscated, which US Socialists would love to do, not just a percentage, it still would not be enough to cover all this US Debt. 

In any case, Greece will soon lose control over its own destiny, which is what always happens to any entity that cannot pay its Debt.  The Europeans will write them off and European governments will no doubt do whatever they have to do to bail out the banks in their countries that are exposed.  But that will still leave Greece penniless.  Guess what, both the Russians, or more importantly the Chinese will be happy to step in.  The price will be ending Greece's relationship with the Euro Zone and NATO and Navel Bases in the Mediterranean going to the highest bidder, which is likely to be China. 

Since Russia already has a Naval Base in Syria and nearby in the Crimea, it might not be as interested in this option, however, since the situation in Syria is tenuous at best, Russia may still attempt to gain this presence in Greece giving it another warm water port.  Most likely, the bigger player here will be China.  China would jump at the chance to weaken NATO and to gain a foot hold in the Mediterranean.  What better way to do it that to make Greece a client state.  Just wait and see.  This story is far from over. 

Gay Marriage Issues & Religious Freedom

The Socialist Supreme Court, by a 5 - 4 decision has ruled that Gay Marriage now is the law of the land.  OK fine, marriage is really just a contract between two people.  This Conservative Blogger is not emotional about this issue, the way I am about Abortion; the murder of innocent babies.  In fact, I see some humor in the Gay Marriage issue.  Of course, with Gay Marriage will also come Gay Divorce, which means alimony, child support, child custody issues and often miserable court proceedings that heterosexual couples have experienced for years.   The LGBT community should be careful what they asked for because with Gay Marriage comes Gay Divorce, which is often a miserable experience for all concerned.

In any case, this now means that companies that provided Partner Benefits before this ruling will no doubt modify their HR policies to state that only Gay officially married couples will now qualify for benefits, the same as heterosexual married employees.  So, now Gays will have to choose Marriage, rather than their looser affiliation, to get benefits.  What other position can company's take?  This means that "Partners" that got company paid benefits will now be cut off, since it is impossible to make the argument any longer that these benefits were provided because Marriage was denied to Gays.  So, there will be some losers in this ruling. 

Most important in all of this is the question of religious freedom.  Various Christian denominations, the Catholic Church, Orthodox Jews and all of Islam does not recognize Gay Marriage.  As such, many Christian Ministers, all Catholic priests, some Jewish Rabbi's and all Immans presumably will not bless, nor preside over Gay Marriages.  Since this will not prevent Gay Marriage, there should be no question of their right not to participate in Gay Marriage ceremonies under the First Amendment right related to religious freedom. 

However, as we have recently seen, there will also be business owners because of their religious convictions that will not participate in Gay Weddings.  This is not to be confused with someone who is Gay walking into their stores and buying flowers, or cakes.  No doubt, rather than just move on to another business owner to buy goods and services, the Gay Community will press this issue in Court and win or lose further alienate millions of Americans.  That would be dumb.  Gays won the war, they should stop fighting the battles and just have a happy life.

But that won't happen because there are many in the Gay movement that are very radical.  So as was the case after Roe V Wade, that pretty much allowed for unrestricted abortion, we will see years of court cases as the left wing Gay community, Socialists and the left wing lame stream media attempt to force their agenda on Americans that for religious reasons will never accept Gay Marriage.  Once again, this Supreme Court ruling like so many others will do nothing to bring our nation together as the cultural divide and battles will just continue for years to come. 

Thursday, June 25, 2015

Socialist Supreme Court Upholds ObamaCare

Socialists on the Supreme Court led by RINO Turn Coat Chief Justice John Roberts again upheld ObamaCare.  Apparently, words don't matter any more in our legal system.  Even though the law is very clear that only people getting subsidies through State Exchanges are eligible for those subsidies.  Since 36 States chose not to implement State Exchanges, most of the people getting ObamaCare subsidies are getting them through the Federal Exchange in clear violation of the law.

However, RINO Turn Coat Chief Justice John Roberts wrote the majority Socialist opinion saying that the words don't matter, it is the intent that counts.  If that is so, then all written laws don't matter.  The President, who ever he or she happens to be can just interpret the laws of the land anyway they choose.  This precedent will come back to haunt Socialists in the future as Republican Presidents will also interpret written laws as they choose, ignoring the actual words in the law. 

We continue moving closer and closer to Dictatorship.  Why even bother with the legislative branch of government.  Many of the members of Congress are incompetent crooks anyway so we might as well do away with them and just have the Executive and Judicial Branches of government to run the country.  Judges, appointed by the President for life can simply rubber stamp the President's actions and we can pretend that we have a democracy. 

Specific to ObamaCare, Republicans and RINOS in particular have been missing in action.  Yes, they all want to repeal and replace ObamaCare, or so they say, but they have put no specific plan on the table.  And, when the gutless Republican controlled Congress had the chance to defund ObamaCare, they failed to do so.  ObamaCare will be a big issue in the Presidential election in 2016.  All Republican candidates will say they want to repeal and replace ObamaCare.  But unless we see a specific plan, it will never happen. 

We have been lied to so many times by RINOS that many Republicans want nothing to do with the Republican Party any more.  That is really true in the State of Nevada where this Blogger lives.  Many Republicans in Nevada, that now control our state, are all RINOS that just voted for the highest tax and spending increase in Nevada history.  These RINOS, including Nevada Governor Brian Sandoval (BS for short), are LIARS. 

Many of us can't stand John Boehner, Republican Speaker of the House, or Mitch McConnell, the Republican Majority Leader of the Senate.  Both of them are RINOS and incompetent.  These Establishment Republicans have to go if we are going to take back our country.  Same old same old just gets us same old waste, fraud, abuse, corruption, redundancy and government failure.  Without the base of the Republican Party, that is disgusted by what we see in our leaders, no Republican Presidential candidate can win.  It is really that simple. 

Wednesday, June 24, 2015

Making America Great Again - Taking Our Country Back

Republican Presidential Candidate Donald Trump has adopted the adage, Making America Great Again" as his slogan.  There is no doubt that America has been in decline for many years, thanks to elected officials in both political parties; but accelerated by Socialist Emperor Pinocchio Obama, one of the worst Presidents in American history and all of his failed Socialist Schemes and policies.  Let's face facts shall we. 

Our economy is not growing because the government beast has made it nearly impossible for the private sector to grow jobs as a result of high taxes and burdensome regulations.  50 million Americans are on Welfare and Food Stamps.  10 million Americans are collecting Disability Benefits.  Another 20 million or more Americans are either unemployed, under employed working part time that want full time work, or they have just given up looking for work altogether because their jobs are in China and other countries.  Social Security and Medicare are heading toward bankruptcy. 

We have an $18 Trillion National Debt, with no end in sight, because corrupt politicians of both political parties have used deficit spending, that is bankrupting our county, to buy votes in order to stay in power feeding at the trough.   The waste, fraud, abuse, redundency, corruption and failure in government grows by the day.  What we have today is Crony Capitalism as certain companies and politicians work together to benefit themselves at the expense of the American people.

Though we are still a Super Power, under Obama we have become a Paper Tiger because this President is gutting our military, leads from behind and draws lines in the sand that he does not enforce.  The end result is a resurgent and aggressive Russia that has taken over another country's territory in Europe for the first time since World War II.  We face China, growing in military power, that steals our technology and hacks into both our government and American companies computers, without any response from our nation.   In the not to distant future Iran, the world's greatest sponsor of Terrorism, will have nuclear weapons that can reach the United States, thanks to Obama's feckless foreign policy and negotiations. 

Government at all levels intrudes into all aspects of daily life, threatening our freedoms. Big Brother in the form of the IRS Gestapo, EPA Gestapo, and Justice Department Gestapo spies on all Americans and violates our 1st, 2nd and 4th Amendment Constitutional Rights.   We must fear government today as badly as any foreign enemy we have ever faced. 

In order to make America Great Again, WE THE PEOPLE must stand up and say NO MORE and ENOUGH.  We must insist on a Balanced Budget Constitutional Amendment to get our fiscal house in order.   We must also insist on a Terms Limits Amendment to insure that we have citizen politicians, that must live under the laws that they enact, instead of a power elite that lives under no laws.  We have to starve the government beast by cutting taxes so that Americans keep more of their hard earned money and to create limited Constitutional Government as was intended by our Founders.  We have to roll back the thousands of regulations that are killing jobs.  We must secure our border and make certain that we have the strongest military on earth to protect our freedoms. 

We must again become one nation and one people under God, rather than allowing Socialists and the left wing left wing media to divide us.   We have to get back to hard work, faith in God and the family values that made our country great.  We can Make America Great Again; but only if WE THE PEOPLE take back our country.   It will not happen with same old, same old.  We have to throw the bums out of office that have made such a mess of our country.  It will not happen any other way.

Tuesday, June 23, 2015

Free Trade & Fair Trade

There is no doubt that Free Trade has cost the United States millions of manufacturing and other related jobs.  Part of this has occurred because Unions in the US have driven up compensation and benefits to a level that is uncompetitive in the world.  Additionally, the US tax system and burdensome regulations sometimes make it impossible to manufacture products in the US.  Currently, we have 50 million Americans on Welfare, 10 million Americans collecting Disability Benefits, about 9 million officially unemployed and probably another 10 million, either under employed, or that have just stopped looking for work altogether and as a result they are not counted. 

So that means there are about 79 million, or more Americans, many of whom that are able bodied that have no jobs because there are no good paying jobs for them.   Of course, some of these people are legitimately disabled and some are just lazy and would not work even if there were jobs available, but certainly there are a good percentage that were once working that have been displaced by Free Trade. 

Socialists and even Republican Donald Trump are calling for Tariffs (taxes on imported goods) presumably to keep those goods out of the country, or to equalize their cost with potential production in the United States that would result from higher labor cost, taxes and regulations in the US.  However, these people have not learned the lessons of history.  Tariffs caused trade wars that contributed to the Great Depression as all countries attempted to protect their manufacturers and even farmers from outside competition.  It is not the answer.   Besides, American have a higher standard of living because of goods produced overseas that are more affordable than would be the case if they were produced in the United States.  Tariffs would hurt the very people they are intended to protect. 

The problem is that we have opened our markets to goods produced overseas; but other countries have made it difficult to do business in their countries and or people in countries like Japan just won't buy American products, considering them inferior to products produced in Japan.  This Blogger was recently in Japan.  And, aside from American fast food and some other consumer products I saw,  there are few American products in Japanese stores and almost no American cars on Japanese streets. 

The reason is that Japan is a collective society.  It is all about Team Japan for the Japanese people.  They will actually spend more money to buy a product made in Japan than to buy a cheaper product imported from the US, even if it is of the same, or better quality.  That is just not the American psyche.  We shop price and quality, no matter where the product was made because we don't function as Team America.  Americans act as individuals, not as a collective society.  It has ultimately been the basis of our success as a nation and perhaps one of the reasons that Japan has fallen behind in the last 20 years. 

Tariffs would just result in trade wars.   Instead, we must push for truly open markets in those countries that artificially control their currencies to make their products cheap overseas, i.e. the Chinese and removal of barriers that make it impossible to compete in these countries.  In addition, the Chinese often require American companies to share their proprietary technologies, as a condition of doing business in China, so that 5 or 10 years later, the Chinese are manufacturing the very same products competing around the world.  This is wrong and should be an illegal practice.   We need Free Trade; but it must also be Fair Trade.  We are not there today.