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Archive for the ‘Economics’ Category

Economics-II-D

04 Sep

Liberals continue to yell about how Social Security is running out of money and they will need to cut benefits or raise Social Security taxes that workers pay. There would have been plenty of money for the future if liberals had not raided the Social Security fund to fund their social welfare programs. Seniors should demand that there be no more cuts in benefits or raises in Social Security taxes until every cent taken out is returned to Social Security along with the interest it would have earned.

 
 

Economics-III-AA

12 Aug

Joe Biden is pushing for a $15.oo minimum wage from the current $8.50. Just about every State that has passed such a law has canceled it within a few months. It destroyed many small businesses before they were repealed. Wages don’t appear by magic. An employer has to recover the cost of increased wages by increasing the price of his goods or services or laying off workers. A sudden rise in wages will generally force him to do both. Every State enacting such a law saw massive loss of jobs and massive increases in the cost of goods and services. Any increase has to be gradual but even those are generally non-productive. The rise in prices generally wipes out any gains in wages and hurts the businesses who see fewer people able to afford their goods. When I worked for the welfare department (now Job & Family Services), the price of gasoline went from $.50 a gallon to $1.00 a gallon overnight because the Arabs cut back our supply of oil. My caseload went from 150 to 250 clients within a few months because of the businesses that laid off workers or folded up. That only affected transportation and heating. A massive rise in minimum wage would create massive layoffs across all industries.

 

Employment-I-A

12 Aug

A federal judge has just ruled that States that have rejected federal Covid subsidies have to accept them and distribute them. That is one of the craziest things I ever heard. Many businesses are desperate to hire people, but people won’t go back to work because they are making more on unemployment than they did when they were working. Many businesses are closing or reducing their hours because they cannot hire enough staff. Customers are facing long waits to get served because businesses can’t get enough workers. A number of Republican governors have started refusing the federal subsidies so people will want to return to work and have seen a rush of people returning to work and their economies are returning to normal. Now a judge says they have to accept the subsidies and watch their economies shut down again. It looks like liberal judges and politicians are deliberately trying to destroy this country’s economy. When will people realize that all this free money they are getting is coming out of their pocket in higher taxes. It is estimated that people get back one dollar of every four dollars they pay in taxes due to overhead costs.

 

Economics-2-E-A

11 Aug

It is always interesting for us who learned basic economics in high school to watch those who apparently did not learn it or choose to ignore it. Liberal politicians seem to have no concern about balancing the budget. They seem intent on their tax and spend policies. While President Obama raised taxes, it did not cover his increased spending. In addition, he imposed heavy restrictions on businesses which depressed the economy lowering the return from taxes in spite of the increased tax rate. He created a national debt equal to the entire national debt up until he became president, in only eight years. President Trump lowered taxes and reduced restrictions on business allowing businesses to boom, increasing the amount received in taxes in spite of the reduced tax rates. He also reduced spending to help ease the pressure on the economy, but was unable to reduce the debt much due to the interest generated by the massive increase in debt under President Obama. Now President Biden seems intent on returning to President Obama’s tax and spend policies. In only six months, President Biden has increased the national debt equal to that generated by President Obama in eight years. He is now pushing for a new infrastructure bill that will further increase the national debt and bankrupt the country. Such spending is hard to justify during good times when the economy is booming but cannot be justified in an economy depressed by Covid-19.

 

 

Economics-II-A

29 Jul

The Biden Administration plans to control of up to 30% of America’s land by 2030, removing it from any productive use. In addition, they plan to extend federal control over land use in large portions of the remaining land to protect the environment and prevent a climate crisis. They plan to do this while opening our borders. It is estimated that as many as a million illegal immigrants have entered the United States since Joe Biden became President on January 20th. It is hard to justify taking large amounts of land out of production while flooding the country with large numbers of people. It is a recipe for disaster. While they say it is necessary to take the land out of production to restore the balance of nature and population, and prevent overuse of the land, it will severely cripple the country’s ability to provide food and jobs for its people and the large number of illegal immigrants flowing into the country. If they want to reduce land use, they need to curb the inflow of illegal immigrants. They can not reduce the land use while increasing the population. It continues to show that they have no unified policy but support a wide variety of conflicting goals.

 

Economics-III-A

19 Jul
We are reaching a real financial crisis due to Covid. Many businesses were closed for so long because of 
the virus. Now that they are opening, they cannot get enough workers. Many people are making more on 
unemployment because of the Covid bonus, than they made while they were working. Many don’t want to go 
back to work because they will have to take a sizable drop in income. Many businesses are having to cut 
back hours or services or both. Many businesses are even closing because they cannot get enough workers. 
Some conservative States have started refusing the federal subsidy for unemployment and dropping their 
benefits down to pre-Covid levels. As a result, employment is rapidly increasing in those States, while 
those States that still pay the Covid bonus are continuing to experience low employment. The longer people
 receive government support, the less likely they will want to work. That has been the problem with our
welfare system for so long. They have tried to fix it to encourage people to work but three generations 
have lived off government subsidy and don’t want to have to work for a living. 
 

Government Finances-II-C

27 Jun

Who Is Feeding the Dogs-There is a story of a rich man who owned a dog. He was very busy so he hired a neighbor boy to feed and care for his dog. After a while, he noticed the dog no longer ran to him when he returned home, but he would immediately run to the boy when he arrived to care for him. He was disturbed because he owned the dog and felt it should be grateful to him for providing for his care. However, the dog did not know anything about who owned him or paid for his food and shelter, all he knew was that the boy brought his food and brushed him and took him for walks. Liberals continue to freely spend tax dollars (your money and my money) to bribe people to vote for them. They tell those on Social Security and welfare that if conservatives get in power, they will cut off welfare and Social Security so the elderly and those on welfare will vote for them. The infrastructure bill proposed by liberals includes only 5% for infrastructure and the rest is a virtual candy jar fulfilling the desires (not needs) of a wide range of groups to induce them to vote for liberal candidates. Former President Obama doubled the national debt in just 8 years and President Biden is trying to beat that in his first year.

 

 

Legislation-A-F

28 Feb

The liberals in Congress are having a field day now that they control both houses of Congress and the President. They are pushing the Equality Act which is a virtual candy store for Gay Rights and includes liberal funds for Planned Parenthood. It would strip the average person of many of their rights. It would give free reign to a small group, while severely trampling the rights of the majority. I have dealt with it previously and won’t go into detail here. It has passed the House and is under consideration in the Senate.  The other thing they are pushing is the Covid relief bill. Actually only a small amount of it goes to Covid relief and that is handed out indiscriminately, with no determination of need. While many people are struggling financially, many people are working and don’t need it. It also hands out funds to Planned Parenthood in addition to those included in the Equality act, which they will use to support Democratic candidates in the future as they have in the past. In addition, it is filled with vast amounts of pork spending designed to pay off their election supporters. Covid relief alone has added tremendously to the national debt which will fall on generations to come and force vast cuts in other spending. Such reckless spending endangers the country and needs to be stopped. Contact your Congressmen and urge them to vote against these bills.

 

 

 

 

Economics-I-D

16 Jan

It is really upsetting to see how Joe Biden continues to push for increased stimulus checks. He hasn’t even officially taken office yet. Many people are working and don’t need them. The money should go to help those who really need it. The only reason to push for increased checks across the board is to buy support, bankrupt the government, and make people dependent on the government. Everything paid out will have to be recovered through increased taxes. It is easy to tell yourself that other people are paying for it but you are only deceiving yourself. You don’t get anything for free, especially from the government. Many people don’t want to go back to work because they are making more on unemployment. We need to work towards getting the economy going again. Programs need to be geared towards encouraging people to work, not discouraging them. President Trump cut taxes and regulations and the country thrived until the Covid epidemic. To return to the increased taxes and regulations we saw under President Obama will only further depress an already staggering economy and put more people out of work like it did under President Obama. A drowning man can not save himself if he is tied to an anchor and a staggering economy can not recover easily when burdened down with expensive and wasteful programs and regulations.

 

 
 

Economics-III-AA

16 Jan

Joe Biden is also pushing for a $15.oo minimum wage. That would be almost a 100% increase over current wages. Just about every State that has passed such a law has canceled it within a few months. Wages don’t appear by magic. An employer has to recover the cost of increased wages by increasing the price of his goods or services, or laying off workers. A sudden rise in wages will generally force him to do both. Every State enacting such a law saw massive loss of jobs and massive increases in the cost of goods and services. Any increase has to be gradual but even those are generally non-productive. The rise in prices generally wipes out any gains in wages and hurts the businesses who see fewer people able to afford their goods. When I worked for the welfare department (now Job & Family Services), the price of gasoline went from $.50 a gallon to $1.00 a gallon overnight because the Arabs cut back our supply of oil. My caseload went from 150 to 250 clients within a few months because of the businesses that laid off workers or folded up. That only affected transportation. A massive rise in minimum wage would create massive layoffs across all industries.