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

Friday, April 12, 2019

Eliminate All Federal Subsidies

As of 2017, there are over 2,100 Federal subsidies and we've been adding about 100 new ones each year recently. They cost hundreds of billions of dollars every year – the lowest estimate I've seen is 400 billion dollars a year; the highest estimate is one trillion dollars a year. Elimination of all Federal subsidies would balance the budget and perhaps provide surpluses to pay down our massive national debt. We need to do that now and make it permanent.

Subsidies are hidden in every government departmental budget so that there is no viable way to view all of them together. Essentially, all of these subsidies amount to political bribes to help politicians get elected. All of them need to be eliminated. The largest subsidies, but not all subsidies, go to three major areas - state and local governments to help with the hiring of police and teachers plus other “needs”, farmers, and hundreds of charities. Let's examine each:

State and local governments, by law, must balance their budgets. We should never have given up this needed practice, of forcing state and local politicians to actually make the tough spending and revenue decisions to accomplish a balanced budget that they were elected to do, by allowing them to “out source” some of their spending decisions to the Federal government which is allowed to work without a balanced budget. Most of these subsidies are spent on our largest cities who have managed to avoid the tough decisions on budget balancing. No more. Over a 5 year period, in order to give them sufficient time to adjust their finances, reduce these subsidies by 20% a year, so that they are zero at the end of 5 years.

The average wealth of farmers is two million dollars each. The Federal government should not be subsidizing multi-millionaires. However, the Agricultural subsidy program is so large, that it cannot be withdrawn in one year without creating burdensome chaos. Therefore, cut these subsidies 20% a year to reach zero in 5 years, allowing farmers ample time to adjust to market realities.

Fortunately, most of the hundreds of charities subsidized by the Federal government only cover 10% or less of their annual budgets by these subsidies. Charities should be and are supported by people and businesses, and never should be supported by government. When government supports charities, it is telling all of us individual tax payers that no matter how much you gave to charity, even if it was 10% or more, it was not enough. Therefore, the Federal government is taxing us higher than it otherwise would so that it can force us to give even more to charity. That is just unfair and wrong for government to do to taxpayers. Eliminate all Federal subsidies to charities and do it immediately.
Finally, eliminate every other Federal subsidies immediately.

Israel and Palestine – The Universal Consequences of War


The Arab nations initiated and lost 5 wars with Israel, all with the intent to destroy Israel and wipe it from the face of the Earth. So, given those goals, if they had won any of those wars and captured part or all of Israel, we all know that not one square inch of territory would have been returned to Israel. So why should Israel, the victim of 5 wars against it in its short history as an independent nation, which has already returned some of their captured land from those wars back to the Palestinians, return any more land to them? That would just incent them and other Arab nations into a future war with Israel, since such a policy would create a situation where there would be no risk of losing territory. Also, keep in mind that the Palestinians have it in their charter still to destroy Israel and wipe it off the face of the Earth - so they therefore deserve no sympathy nor territory returned. Logically, there should be no peace negotiations with the Palestinians until they change their charter and recognize Israel's right to exist, plus stop sending rockets into Israeli territory. In the course of human history, nearly every war waged has resulted in some national boudaries being re-drawn. The risk of losing some or all of a nation's territory by starting a war is the largest incentive not to start a war. Let's not lose that incentive.

Minority Advancement – Government Handouts Are the Problem


Whatever group that was maligned hundreds of years ago - Blacks, Indians, etc., we need to stop making them dependent on government and tell them no more handouts - work hard to get ahead and avoid destructive behavior such as having fatherless families, drinking, drugs, not trying to get a good education, not disciplining your children, etc. We do them no favors by "excusing" their self destructive behavior which only holds them back from the good life that is available to them. There are enough success stories from people in these groups who worked hard while avoiding destructive behaviors, to prove to everyone that self help and determination is the only rational way to advance themselves and that continued government assistance hurts more than it helps.