Getting it Right - Welcome

The goal of this blog is to publish my thoughts on a variety of economic and political topics in the hopes that people who find them educational or beneficial will utilize them and/or forward to others who might find them interesting and/or worthwhile to promote to others, possibly including politicians who can push some of these ideas to fruition. The topics in my blog are meant to be of value on a long term basis, not a daily diary or political issue of the day log. If the information posted is useful to you, by all means utilize it and/or forward it as you see fit. If not useful, then merely ignore it. There are no universally agreed upon truisms and too little tolerance between some of those with opposing viewpoints to successfully convince the people with hardened opinions to move away from them. I am an analytical type person who will try to be as factual as I am able.

I disdain the current popularity of name calling and condemnation of viewpoints with no factual alternatives or logical solutions given that I see so often. If you don't have a solution based on fact and logic, then opt out of the discussion because you have nothing to contribute. My background is a degree in Economics from the University of Michigan and 39 years working in middle management jobs for a major retailer. My opinions are forged on the personal experence of life, family, friends, and work as well as triumphs and mistakes that I have made and hopefully learned from. My hope is that this blog helps you.

My first topic will be about personal finance. I chose that one first because most of us work long and hard just to survive but not all of us realize our dreams of becoming financially independent from the labors of our work. Much of our political votes/thinking also focus on the economy and in particular how well we are personally doing financially.

It is relatively simple, without sacrificing the enjoyment of living for 'today' and even at moderate incomes, to retire as a millionaire or multi-millionaire, if you focus on that goal consistently from a young age. It is also simple to ensure that your child or grandchild retires rich. It merely requires a one time gift of just $2,000 invested wisely and the passage of time. Please read my first post on this blog to learn more.


An index/schedule of past and future posts and their dates will always be updated so that it becomes the first post that you see below. If the date of a post that you wish to read is preceded by the word "Posted", then find it below or click on the title in the Blog archive to review.

Blog Archive

Sunday, June 30, 2013

How to Cut Government Spending

How to Cut Government Spending


We need a real and huge spending cut program. Start with the government subsidies (there are over 2200 of them) - eliminate all of them (that equates to about one trillion dollars a year). Subsidies, which always interfere with the free marketplace, are essentially a "slice" of Communism - the most failed Economic system ever. Next reduce government workers' salaries to be more comparable to the private sector for the same type of work, eliminate pensions and instead put them on Social Security plus contribute 5% of income monthly to a 401K to get in line with voters' retirement benefits in the private sector. No overtime pay for management employees. Go to automatic federal income tax deductions similar to Social Security – no tax forms to fill out - enabling us to eliminate most of the IRS. Abolish the ridiculously expensive, debt ridden and job killing Obamacare. Government regulators get a new job - instead of endlessly creating more job killing regulations, they start of with a clean piece of paper, make a minimum of needed regulations and eliminate the millions of regulations on the books now. Consolidate government agencies as has been recommended in the past. For instance, we don't need separate departments for Medicare, Medicaid, and Senior prescription drugs - one organization should be able to handle all of it. 535 Congressman and senators don't need their individual huge staffs repeating the work of each member 535 times. They get small staffs and a small pool of workers for each political party to share their work results with all their party members. We sell the 14,000 government buildings not being used. We don't give income tax refunds to those who don't work. We don't give government housing to anyone but limited military. Fathers whether wed or unwed must support their children. Unwed, welfare mothers get no government support unless they truthfully identify the fathers (who then must provide child support). Illegal aliens get no government assistance, no jobs, no free education, no place to live and we have a tough, mandatory system with employers, schools, and apartment/housing rentals, and the IRS to ensure that all gets done. If caught, then before immediate deportation, we take all their assets - houses, furniture, cash including bank and brokerage accounts, from them and send them home with just the clothes on their backs. We toughen Social Security Disability requirements, especially for reasons of “stress”. Children must legitimately pass their school subjects to be promoted. If they get left back twice, a social worker investigates the family to see if it is in the best interests of the child to be taken away from their family. All public unions are outlawed as they should be as a corrupt conflict of interest (supporting the election of politicians, then negotiating with these same politicians for wages and benefits). Government agencies that are responsible for social security or any form of welfare/subsidy must operate within administrative costs of no more than 5% of their total budget (same as a good charity). Since Medicare fraud is estimated to range from 10-25% (or hundreds of billions of dollars per year), while private insurance fraud is less than 1%, fire the government workers and instead hire insurance companies as third party providers to administer Medicare and Medicaid.

Climate Change Facts

First, carbon dioxide is not a pollutant. Life could not exist without carbon dioxide. Second, the last 15 years have not warmed at all. That's a scientific fact. Third, the recent tiny increase in carbon dioxide levels in the atmosphere is attributed to deforestation (farmers burning down forests to plant crops). Fourth, China is putting two new, large electrical coal plants on line every week. Nothing we do can change that. Plus China has less controls on coal emissions than we do. India is also building coal plants and their population will soon exceed China's. Fifth, the number of hurricanes per year is nowhere near record levels. Sixth, the mandatory ethanol blends for gasoline add to pollution and don't save any oil imports, but they do increase the price of food and have killed thousands through starvation. Seventh, climate change models, the basis of climate change policies, have failed to accurately predict the weather of the past 30 years when put to the test. Conclusion - we don't have a climate change problem, nor a carbon problem. So why the fuss - liberals want to use climate change as a basis for taxing rich nations and sending the money to poor nations. It's always about the money!