Illinois DEBT – Death March

Everyone is gasping at the absolute bankruptcy facing Illinois – as though this was something new to report – but it’s been ongoing for years if not decades and Illinois ain’t the only one! Indiana, Michigan, Ohio and Wisconsin are all casualties of over spending excesses requiring a per capita hand-out from the Feds of anywhere from $1318 to $1802, or $8.9 billion to $20.4 billion – per year.

Cha CHING!

In fact, Ohio and Indiana get over 33% of their revenue from the Feds in the form of our tax dollars – not well spent!

And where does all the money go in Illinois?  According to the infamous Budgetary Pie Chart titled, “Spending By Function” provided by Illinois, 43% is spent on “OTHER”, 26% on Medicaid, 14.6% on K-12, and 9.3% on transportation.   “Other” includes CHIP, which is actually a duplicate extension of Medicaid, Mental Health, Public Health, Employer Contributions to Pensions (reimbursements), Environmental, State Police, Parks and Recreation, Housing and General Aid to Local Governments.

Of course we all know that the rule in government subsidies is – spend more than you have or you’ll get less next year. So operating at a yearly loss/deficit is beneficial…  and nearly all the states do it.

The total state debt for Illinois is $321.3 billion! The total state debt for Ohio is – $321.3 billion… Huh.   Meaning every person in Illinois is on the take for about $24,900 and every person in Ohio is on the take for about $27,900… Oh wait – Ohio is actually worse off…  Where is the PRESS?

More numbers:   As a percentage of total revenues, Michigan gets almost 42% of it’s income from the Federal Government. If we were to eliminate Federal/Taxpayer subsidies to these states alone we would save $76 billion.  Pensions to all states?  Over $1 Trillion.

With somewhere over 10,000 line items in the Illinois budget under Education, I decided not to review each line… SURPRISE.  But I did note a few fast facts: $1.1+ billion spent on No Child Left Behind, (I thought that was defunct?) ,  $700+ million on Individuals with Disabilities Act, (That’s for the ACT, not for people with Disabilities?)  $850+ million on child nutrition, and then the ubiquitous – $4.8+ billion on General state aid… I had to add the + sign because each categorical account had their own budget request for the same thing, as in General Aid.

Illinois claims the number of children in extreme poverty to be 267,000, with the number living in poverty to be 591,500.

So where does MOST of the debt load come from? Pensions are numero uno. Medicaid and health care are making a rounding second place in state debt with those costs rising more rapidly.

But before we get our panties in a wad, there are only a handful of states that have a surplus! Those operating at an efficient level include, North and South Dakota, Wyoming, Nebraska, and Alaska.  Oil would appear to be a common denominator.

This is all part and parcel of the Swamp that has existed for decades as politicians are too fearful to actually tell the truth and tell Americans that their belts need to be tightened by 3 to 10 notches!   They can’t tell us this because then we wouldn’t re-elect them because they would be giving us bad news and making us act like adults instead of children.   The Swamp exists – because we elect it. We allow it.

Instead we play with the numbers and statistics and make comparisons that are not relevant, in order to convey a premise that makes people feel good while the Truth is left to die.

A ranking of the Best Run States in the US as of 2015 was as follows: 1. North Dakota 2. Wyoming   3. Iowa   4.   Nebraska 5.   Minnesota. The states ranking in the bottom tier?   New Mexico, Illinois, Mississippi, Rhode Island, and Alabama.

It should be noted that Party affiliation is NOT a factor in the rankings, republican Governors and Democrat Governors are split pretty equally.   North Dakota does spend considerably more of their income on education – 43%, including Higher Education which is minimal in Illinois.   The states with the lowest per capita debt are Tennessee, Georgia and Texas. But the rankings include numerous factors in addition to debt and spending.  Employment, education, the ability to raise the bar in the near future, credit, all are factored in when making a solid analysis.

This is why Illinois and Ohio are perilous with Michigan and Wisconsin on the precipice. They don’t have a future.  Michigan tanked with the auto industry and hasn’t recovered since.  Wisconsin is struggling from a dull manufacturing platform, as are Illinois and Ohio.  Having not diversified and shifted with worldwide trends and economic shifts, their failure is more a consequence of negligible forward thinking management.

Again this is nothing new, these states have been on a death march for quite some time under the tutelage of both Party Affiliations.

And frankly my Dear, the Swamp could really, Give a Damn.

 

 

Trump Tax Plan – Hoopdela

Trump has released his outline for tax reform and the mainstream are going google nuts! They are absolutely convinced that this is a wealthy tax reform that will plunge revenues into the twalette!! The highest tax bracket of 40% will be reduced to 35% and this will decimate the Federal government pockets. OMGosh.

Really?

Because according to the IRS, in 2015 (latest year available), the average tax rate for the 1%ers was just barely over 27% although they still picked up about 38% of all income taxes. The top 50% of taxpayers had an average tax rate just under 15%. And the bottom 50% paid a meager 3.3% in taxes on average and only represented 2.78% share of all taxes collected.  Well how do ya like that!  This aligns rather well with Trump’s plan, unless you are an overpaid tax preparer, an IRS employee, or a Pundit.

One decrier of the plan is Bill Maher, a comedian with a degree in English and History. I suppose that qualifies him to evaluate and analyze finance? Another critic, Ryan Struyk of ABC quoted the ‘bipartisan’ Committee For Responsible Federal Budget.  

It’s current President, Maya MacGuiness, whose background bio includes such media notables as Washington Post, New York Times, The Atlantic, Financial Times and LA Times – all bellwether diehard Liberal organizations, is predictable. In addition, she held a post at the Brookings Institute, another Liberal organization. Hard to classify as ‘nonpartisan’.

The Board is weighted heavily with democrats, including Leon Panetta, Charles Schultz, Robert Strauss, etc… And formerly associated with the New America Foundation, a Soros supported organization. They took a special interest in Obama and McCain in 2008… lauding their budget campaigns. In other words, it is hardly the most reliable in terms of ‘nonpartisanship’.

For the lower 50% tax filers, the greatest advantage is increasing the standard deduction which effectively makes the first $24000 of revenue nontaxable taking a hefty stresser off the table. Critics of the plan continue the same rhetoric as always without ever understanding the main punch – lower tax rates mean more income will flow back into the US instead of ending up in the Caymans, Bahamas, Cyprus and all the other tax havens that wealthy taxpayers enjoy – including Hollywood elitists.

Another ‘nonpartisan’ organization offering their opinion is the Urban Brookings Tax Policy Center whose current President Mark Mazur was an Obama appointee as Assistant Secretary for Tax Policy. The previous president, Leonard Burman, worked in the Bill Clinton White House.  Funding comes from Ford Foundation, Rockefeller Foundation and Gates Foundation…Sigh…Gee REALLY?  All quite Liberal.

I think a part of the failure of the analyses is that it comes from people making tons of money, they don’t understand the mentality of someone making just enough to pay the bills, and can’t predict that reaction. In contrast, failing to take into account the offshore money is very short-sighted. Failing to look at the sources of tax revenue historically, is also short-sighted.

Failing to check your SOURCES – is also pretty critical.

According to the Liberal MSM, The New York Times, The Cayman Islands hold $1.9 trillion in US dollars on deposit. The Swiss hold $3 trillion in Swiss francs. IBC’s and trusts account for trillions. In fact, it has been estimated that between a third and a half of all the wealth of the world’s high net worth individuals is sitting in offshore accounts. Why?

Taxes.  And its not coming back unless there is an incentive.  Pretty basic economics.

The other half of Trump’s tax plan affects businesses by cutting the rate from a top tier of 39.6% to just 15%. Ultimately this will encourage spending, additional hiring, and raises. It won’t happen overnight. But this effect could be the biggest equalizer encouragement. The effect of lowering tax rates has been proven over and over again as an economic stimulus.

In this instance it has the added bonus of encouraging large corporations who have offshored their headquarters to tax haven countries, to relocate back to the US.  Despite all the analyses, this one equalizer has not been utilized in making predictions.  Why?  Because it hasn’t happened.  Corporations keep moving away – they don’t come back unless they have that diehard gravity – incentive!

Again, this will take time to implement in terms of feeding the economy, but the measures could sharpen the revenue stream significantly.

While some Republicans eagerly proffer negative reviews claiming the tax reform will not ‘blow holes in the deficit’, they seem to miss the point that – THAT is NOT the Point. It is as though the search for a negative no matter how forlorn, far-fetched, ambiguous, destructive, or just plain ridiculous, is the only agenda.

It’s an ego war.  ‘Well I didn’t think of it, so therefore it probably won’t work…’

Even more telling:   How can these in-depth, analysis Committees and policy groups and pundits release their ‘in-depth analysis and criticism’ one day after the outline is made public?   Because in the real world, such analyses typically take months, if not years, in government circles. They require complete knowledge of the entire plan, not just an outline, as Trump provided. They require multiple experts plugging in numbers, ratifying data, creating algorithms, and then fixing all the inevitable mistakes they have made, resubmitting left out data, and creating new templates.

But then it wouldn’t make for good Entertainment and media mania…

Middlebury Riots – a generation of daycare children?

Watching the latest Middlebury riots, the level of violence in our youth seems to have reached levels of entitlement without consequence. And this unruly behavior is rooted – at home – with parents. It is the parental responsibility to teach values and ethics to their children beginning in the home – so that they understand it is not tolerated, not permitted, and will have consequences. Unfortunately, it would seem that consequences in the home – in the schools – and now in the universities is non-existent.

Why?

Perhaps the correlation is that more and more our kids are not raised by parents, instead they are raised by institutions, as in DayCares. Not unlike the State raising children without moral boundaries, love, discipline, or virtue.

According to The National Center for Education Statistics, just 13% of children in the US get home-based relative care. This doesn’t mean a parent, it simply defers to ‘any relative’.

Twenty five years ago when daycares shifted from the helping hand to the prime parent, psychologists insisted there would be no ramifications. Instead they sought to encourage this altered state of the Family. They promoted daycares as a good, healthy, social environment. And they derided the home based mother as repugnant for holding their child back from an opportunity!

It’s much like Dr. Spock who decried that actually embracing or kissing your child could lead them into becoming a clingy cry=baby ninny. Or when our esteemed government told mother’s that formula was far superior to breast milk – and an entire generation was raised without antibodies to fight diseases.

We are now forced to live the consequence of this very stupid psychological mumbojumbo MESS.

New studies show that:

1) Children who attend daycare centers tend to exhibit more behavioral problems

2) Age of entry and quantity of time spent in daycare are directly correlated responses to the problem behavior

3) Children who spend more time in daycare more likely to exhinit negative behavior

4) Children in daycare during infancy linked to lower cognitive scores.

5) Extensive daycare experience associated with insecure attachment to mothers.

6) Parents who put their children in daycare are less likely to discipline and provide parental guidance to their children

7) Daycare children were more likely to have academic school problems, health problems as well as advanced behavioral problems.

OOPS! I guess all those expert psychologists from 25 years ago were all dead WRONG.

Further studies have shown that there is also greater inability to engage in a relationship. The new generation doesn’t want kids. They don’t want a family. Their entire world is conceived of self.   Another fabulous concept ingrained by the psychology kingdom. Self books, self need, self desire, pay attention to self, self is everything – until those selves become infatuated with nothing else.  It is an addiction – self absorption.

Daycare was not created to replace mom and dad, it was created to assist single mothers who needed to get off welfare and train in some employment capacity. But the media led us to believe that if the wealthy could have nannies, daycare was the middle class nanny so that moms could tend to ‘self’.

Growing up in a daycare is really not much different than growing up in an orphanage. Twelve hours each day under state rule, only to be taken home by a weary, exhausted mom who just wants to put their child to bed.  I remember when I had my daycare center and moms petitioned for me to have weekend overnights at the center for their children so they could go to bars, and parties and such…   I didn’t.

So if you want to know why these ‘children’ are now rioting at Berkeley, Ferguson, Middlebury, etc…, they have no discipline structure – and the Universities are so afraid they might lose money over disciplinary action, they fall further into an existential trap.

Odd Segway: Remember how the entitlers strove to shut down Ivanka Trump’s clothing line causing many department stores to pull her line? The retailers acted out of fear and succumbed to the bully tactics. But the result has been that her line is doing famously! And in the end, the retailers have lost sales , lost income, and lost respect as the majority spoke.

Imagine what support a university might find if the conservatives discovered that the school actually had values and consequences, and bullying, violent, bratty children – were no longer tolerated?

Federal Reserve Tyranny

The Telegraph is highlighting a story in which former Federal Reserve agent provocateur, Greenspan, denounces Trump, stating that he will return the US economy to 1970 levels, and stating that the EU has destroyed itself by supporting failing economies…

Of course this is the same Greenspan who was labeled the single handed catastrophe for a roller coaster economic joy ride during his tenure. To give him credit, maybe he feels he knows best based on the results of his abysmal failed decisions…

Specifically, Greenspan notes that ‘America’s huge debt pile’ can not withstand the Trump infrastructure policies. Well gee whilakers, has he been living in a vacuum? America’s debt was $2.34 trillion when Greenspan took over the Federal Reserve in 1987, rising to $8.5 trillion – an increase of just under 400% by the time he threw in his jacket – 2006.  After, during the reign of the Obama rule of order, the debt increased to $19.5 trillion – again more than doubling!

Why wasn’t Greenspan making any noise before? What policies led to an increase of 900%?  According to Greenspan it was all China’s fault…  Sound like a familiar game?  Blame?

According to some theories, the deficit as a percentage of GDP is more important than the actual debt, which measures the ability to payoff the debt. In addition, the Baby-Boomer generation was considered an economic boom as they created a Social Security Surplus from which the government borrowed to pay ‘other expenses’.  So according to the ‘government’, it ain’t so bad… really we promise…

But the age of the Baby-Boomers came to an end and government, for all their uncanny wisdom looked no further, didn’t plan ahead, didn’t think about their policies that would bring it all to a screeching halt.  And here we are – staring at a massive mess!

Over and over again we hear the reasoning Germany and Sweden give for allowing massive refugee’s into their hold – it’s to offset the diminishing population as childless couples became the norm after the Boomers and the economy is going to spiral and tank!   They need these young refugees to ultimately support their economies. Of course, they forgot to note that most of these refugees don’t want to work, aren’t qualified to work, have no language skills, and an agenda of ‘hate’.

As in – oops.

The Congressional solution?   Attack Social Security, of course!  Brilliant!   Increase the age of retirement, decrease the monthly payback of our money, and leave Congressional pensions alone and healthy.   YUM!   And a little icing is always in order –  give themselves a few raises as a pat on the back for their in-depth wisdom in coming up with this solution… while they whine that their meager salaries, benefits, pensions, and millions in assets cannot cover their day to day living…ta-da.

So what is Greenspan’s solution, this man of infinite knowledge?  He states that we should double or triple the capital requirements of banks so that they will be discouraged from making loans. Huh.  Isn’t that exactly what Obama did for eight years that created a vacuum of empty growth and the near decimation of the middle class?  Once again, the Wizard of Oz speaks behind the curtain of smoke and mirrors…

According to John Taylor, a former colleague of Greenspan, and a professor at Stanford, everything Greenspan did was the polar opposite of what he should have done. While Greenspan blamed China for his failed policies, Taylor blames – Greenspan.

According to Taylor, the boom-bust rollercoaster that Greenspan created could have been avoided if he had simply followed the methodology initiated by his predecessor.  Of course, there is the alternate theory that the Federal Reserve is really just a private boys club and should be eliminated altogether.

By comparison, the EU has the European Central Bank, which was only just established in 1998 to do what the Federal Reserve does in the US. As of today, their interest on reserves is -.4%, and their bank rate is 0%.   Sound like a winning strategy?

Despite it’s short life, the ECB is under considerable criticism for it’s lackluster performance, not to mention it’s controversial President, Mario Draghi. Previously from Goldman Sachs, a member of the Trilateral and Bildeberg group, a member of The Group of Thirty, and quite chummy with the Rockefellers, the cabal would seem to be a part of the shadow government, if not the leads.

FYI;  Bernanke, Greenspan, Volcker and Yellen were all chummy with the same cabal… ALL.

 

 

Trump’s China Policy = Anti-Globalization

Like most economic thesis, there exists the definition on paper, and the dichotomy of real life. Globalization, on paper, has some real benefits that could advance world economies as a whole, however, when placed in the hands of man, this same model is brimming with corruption.

It is this distinction that perhaps explains why Trump favors Russia while opposing China.   Russia opposes globalization because it saw the ramifications imposed by the Soros cabal in its attempt to infiltrate Russia’s economy.

“Where the money goes, so goes the power”.

Globalization is in reality a form of colonization.

Africa is the most obvious victim of the reality of globalization. On paper, when the money moves in the concept is to bring the level of the people to a heightened level of economic wealth.   The tag lines include;   Infrastructure Development, Jobs, and Greater Food Supply!   However, when these models moved into the African Land Grabs, they evicted the locals, brought in labor from outside, and exported the crops.

The people were actually worse off than before. And the ownership of land shifted to a global elite who then held greater access of control over the nation, ie, it isn’t Sudan any longer, in reality it is Open Society Foundation, or China, or US or Norway, or UK, or Saudi Arabia.

China is desperate. Their resources are nearing extinction and globalization is their bread and butter. In contrast, Russia is wealthy in natural resources and has managed to keep foreign nationals from breaking down that wall.   Trump’s proposal to befriend Russia holds many benefits including the shared ideology of anti-globalization philosophies.

Globalization was supposed to allow for les expensive exchange of goods, but in order to compensate for the loss of labor and manufacturing, 161 countries created the VAT tax on imports which in many countries is over 21%.   And while the cost of consumer goods is lower, the loss of jobs grows steadily higher. Less jobs, less wealth, more social entitlement necessary, more divisive attitudes, more anger.

Liberal agenda’s supported this trade-off because it buoyed personal gain, the greed factor inherent in globalization. In addition, globalization was the precursor to corporate emigration from the US as lower wages translated into bigger paychecks for CEO’s and CFO’s. Average CEO compensation compared to average worker wage has increased dramatically during this globalization transition, rising from an eighteen multiple to over 400x multiple.

The rich get richer.

Controlling the money is the key to controlling the people. That was the whisper behind the creation of the Federal Reserve, another globalization gift to the US.

China’s view of globalization is preeminent. Undoubtedly, the advancement has earned them greater wealth and super power status in a few short years. Since 1978, China’s GDP has grown at a massive 9.8% annually, while the US average is a piddlin’ 2.8% average.  Our net exports with China are a growing embarrassing deficit, and the benefit of less expensive goods is obviously, of little consequence to the wealth of Americans.

So why is Trump pro-Russia and anti-China?

The downward spiral that real globalization has wreaked upon the US economy, as opposed to the fancy writings on worthless paper that hype a failed policy that has created massive income disparity and loss of wealth!

De Blasio’s Blubbering Bumbles

Mayor De Blasio seems to be confident that he doesn’t need Trump, won’t abide by the rules, and will circumvent the law in order to maintain a healthy, wealthy and wise New York City bereft of Government subsidies…

The audited financial statements for fy 2015 say – Not So Much! Below is just a small fraction of the discrepancies:

  1. The audit found that DOE’s controls and management over its computer hardware were not sufficient to ensure that it could properly account for the computers it had purchased. DOE did not maintain a centralized inventory of computer hardware purchased from Apple and Lenovo. Further, DOE did not reconcile the individual DOE sites’ inventory records with its Asset Management System (AMS), the database used by DOE to record computer hardware delivered to DOE. Consequently, auditors could not rely on information in AMS, and the system could not properly identify where all of the computers paid for by DOE were located.
  2. An audit examined whether NYCHA had adequate controls in place to accurately monitor and track vacant apartments in its public housing developments the audit found that NYCHA had inadequate controls over the monitoring and tracking of its vacant apartments. NYCHA did not ensure that vacant apartments were repopulated with new tenants in a timely manner.
  3. The audit disclosed weaknesses in DHS’ oversight and controls over its emergency contracts. DHS did not have formal monitoring procedures, nor did it have sufficient evidence that oversight and monitoring activities for the contracts that were the subject of the audit took place. In addition, DHS personnel did not adequately review or check invoices and supporting documentation for accuracy prior to payment. Finally, emergency contract managers did not perform satisfaction assessments of shelter clients as required by the City’s PPB Rules Chapter 4, §4-01(e).
  4. The audit found that DCAS does not adequately account for and manage its inventory of City office space. The agency does not have a reliable computer system or an effective tracking tool to assist in processing moves and renovations, or with maintaining an inventory of all City office space.
  5. The audit determined that HRO failed to implement proper controls to ensure the appropriate, prompt and efficient delivery of services to applicants for benefits under the BIB Single Family Program. Specifically, HRO failed to effectively monitor the work of the multiple consultant companies hired to carry out the program. As a result, by December 31, 2013, seven months after the program began accepting applications and over a year after the storm devastated homes along the coast of New York City, only 960 of the roughly 20,000 program applicants had met with HRO to discuss the options available to them through the BIB program and zero applicants had actually received any program benefits.
  6. The audit found significant deficiencies in NYCHA’s internal procedures that resulted from management’s failure to institute adequate controls over inventory operations. Consequently, there is limited assurance that the inventory at the satellite warehouses and the development storerooms is adequately protected against misappropriation or theft.
  7. In the case of the City, liabilities and deferred inflows of resources exceed assets and deferred outflows of resources by $181.8 billion at the close of the most recent fiscal year,

Net Pension Liability for the City is $52 billion as of FY June 2015.

IN FY 2013, Federal aid to fund the NYC budget amounted to roughly $46 billion representing about 28% of their revenue.

Pensions and debt service amounted to over 21% of the annual budget…

30.3% of working families are 200% below the poverty rate, 22.2% of children in the city are in poverty, and 35% of single parent families live in poverty.

Is De Blasio’s Blubbering against Trump based on his own successes? Obviously not, yet he threatens to extend the deficit hole of New York City by forfeiting 28% of the City’s revenue base so he can personally fund abortions, pensions, Medicaid, and HUD housing deficiencies…

Stupid Is As Stupid Does…

China Trade vs Trump: Never Underestimate your Opponent

We are witnessing a phenomenal shift in world economic and military priorities – and it will rock the axis!

While old schoolers, McCain and Hillary Democrats continue to scream about the evil of Russia, the business climate is shifting and the once very reserved Xi Jinping, is showing cracks.

Turning on a dime, Trump is focusing on economic drives instead of military regime and war. For decades the US has concentrated on the military cockfight that has been endless since WWI. Instead of building, we have been massively destroying. In the meantime, China was able to quietly and slowly run the race of the Tortoise and the Hare.   They had no interference. And the smug win is now on a precipice that could revolutionize the future!

That being said, there is a delicate balance. However, what Trump is advocating is a new Power strategy, a new Power broker, and an Offensive Action instead of the whiny defense we’ve been playing. Xi’s response shows his weakness. Warning Trump to maintain status quo, warning Trump to back off, “warning Trump” is not going to win points.

While the defensive argument focuses on Treasury Notes and a Trade Balance, our trade balance operates at a massive deficit each and every year. That isn’t working! Instead, focusing on the offensive, China has a tremendous (Yuuuge) fresh water deficiency, and oil scarcity; two highly necessary commodities that support not just trade but sustenance.

China is the third largest importer of US goods topping out at $380.8 billion in 2016 according to government reports. However, what is more important is the deficit of trade with China which is consistently 400%!   That means that China needs the US 4 times more than the US needs China…   And Xi, is nervous.

Since 2003, food exports from the US to China have risen 500%. Over 20% of China’s farmland has been polluted by industrial waste. Even more crucial is the fact that China has to import about 40% of it’s agriculture water needs.   But it isn’t just agri related, China imports bottled water from Taiwan, South Korea, the US and a smaller portion from Canada.

Water is Gold.

Does this make China our new enemy? NO! It simply means that recognizing a shift in priorities, toward better trade pacts, may not be what China – wants – but it will create a true re-alignment of trade balance that alleviates the ridiculous deficit we have made our norm.

But even more fun is the fact that a Trump alliance with Russia goes against every grain of George Soros and his cabal of World Order philanderers. It means that the entire chaos agenda, racial divide and terrorist rise in order to create a destroyed world from which a new world can rise – may have just been decimated.   And The Hunger Games? Simply a fantasy future, and not the destiny direction Soros and Hillary fought for so adamantly.

China, Soros, Rothschilds? Take heed your own philosophy, Sun Tzu’s, The Art of War, “never underestimate your opponent”.

Negotiation not Threats and Warnings will be the new norm!

Politicians Move Over

My daughter-inlaw’s doctor is retiring this year. Not because he wants to, but because it just isn’t worth it any more. He claims his income has barely changed since the 1980’s! Costs have risen exponentially. Insurance, rent, equipment he can’t afford. And in doing a bit of research, I find he is absolutely right!

While the increase for primary care and ob-gyn’s flattened to a growth rate of just 9% over the last three decades – total, malpractice insurance has taken a heavy toll with rates running as low as about $15,000 annually, to over $120,000.   Beaten up by lawyers and insurance companies, doctors are calling it quits.

Slamming doctors for gouging their patients on their $150,000 salary, we fail to even flinch over the compensation package for United Healthcare’s CEO who made $66 million in 2014 (this doesn’t even touch the other executives). That would cover 440 doctors salaries per year… Of course, United is whining about losing money… despite health insurance premiums rising about 300% over the last decade.  Sounds like massive mismanagement to me.

Add to the fray the burnout rate for doctors in the US and the numbers are staggering, ranging from 40% to 53%! In addition, in a survey they stated that the number one cause of their burnout and bias was that their patient had emotional problems including maligning the doctor, demanding drugs, and entitlement. The second cause of burnout was patient obesity, third was ability to comprehend or intellectual barriers.

In the US, 33% of doctors are over 50 and 25% are over 60. The profession that was about ‘helping people’ has churned into a cog of assembly line medical practices dictated by insurance companies, pharma companies and regulators. As a result, a massive shortage is predicted to take hold in the next 3-5 years.   Sixty percent of doctors predict that the entire practice of medicine is in jeopardy.

While nurses and PA’s were supposed to alleviate the pressure and load, they are reporting equal burnout themselves. As more doctors retire, those left will be handed an even heavier burden, raising their burnout, and the domino effect could conceivably spiral out of control.

Taking with them will be the malpractice attorneys who have a smaller base to sue in order to provide their income, raising the bar for higher value lawsuits, higher malpractice premiums, and… implosion.

This is what happens when politicians run countries instead of businessmen. I am reminded of a time when my son’s teacher marked him an F because he left his paper in his locker and she refused to let him get it. When I challenged her decision, a board of teachers faced me off and told me they were just teaching him a lesson of how life worked in the real world work force…

Of course, none of these ‘teachers’ had spent one day in the real world work force or they would have known that a boss would NEVER fire an employee who left their briefcase in the car – they would simply groan and tell them to retrieve it – like any normal human being!

Unfortunately, when you work for the politicized government, it would seem that normalcy is left at the door.

Even Sarah Palin’s ridiculous tantrum over Trump giving a tax break to one company in order to entice them to stay in the US, was rife with political mentality. She would prefer that Trump follow the dictum of rules that requires years if not decades to change…while giving lobbyists a chance to make any bill impossible to pass as they load it down with thousands of political additives – a Molotov cocktail.

China’s military spending is massively dwarfed by the US, which doesn’t include NATO – 400-500% greater! What do they do with their surplus? Expand their economy through business relations. Ditto – Russia. So while our own economy is drained, the very competitors we condemn are allowed to grow exponentially.

Business people understand what Trump is doing, politicians don’t. And politicians have created the massive mess we are in today – and that would include both parties.

Breitbart vs Kelloggs – WAR

Kelloggs CEO, John Bryant, has announced that Breitbart News does not uphold to their ‘value structure’ and therefore they will no longer advertise with them… However, they have no problem employing children as young as eight years old to work in hazardous conditions in their Indonesian plant…according to Amnesty International.

Of course, the actions of the CEO in making a personal statement about advertising that has now caused the stock to drop, sales to be boycotted, and revenue to fall, could be cause for a class-action lawsuit by shareholders. Was he acting for himself? Or for the company and his duty to his shareholders?

Stupid is as stupid does.

Bryant, an Australian, was supposedly acting on the dictum of his Master, George Soros.

Of course, it wouldn’t be the first class-action lawsuit against the company since Bryant was CEO. In 2014, they settled a suit due to false and misleading labeling on their Kashi Brand which will ladeled with chemicals including; pyridoxine hydrochloride, calcium pantothenate, hexane-processed soy ingredients, ascorbic acid, glycerin and sodium phosphate. Thought that Kashi was pure and natural?

In 2013, they were sued for false advertising – and lost. Tch. Tch.

There was a five year wage class-action suit they lost in 2013, and twice they were ordered to pull products from the shelves, once for metal fragments found in the food and another for the presence of 2-methylnaphthalene in the packaging.

OXFAM has asked shareholders to pressure Kelloggs to cease and desist from their deforestation policies, and for their human rights violations at their factories in Thailand and Tennessee, where conditions are considered ‘deplorable’.

Apparently, these issues pale compared to the atrocities of Breitbart News which has … reported from a conservative profile…

They have come under continued media scrutiny for their high sugar content and massive use of high fructose corn syrup in their product lines. The two main ingredients of their cereals are typically sugar and Monsanto corn.

Worse: While Bryant was CEO, between 2013 and 2015 Operating Profit tanked 62%, per share value tanked 65%, and the number of employees rose by 10%.   And during his tenure as CEO (since 2011), Bryant’s compensation package has risen by 50% to a whopping figure of about $10million in 2015!

The Kellogg Foundation was a financial supporter of Black Lives Matter, and has ties back to the Clinton Foundation through a web of tentacles strung through the American India Foundation for which Billy is an honorary Chairman. The AIF was cited for illegally raising political contributions on behalf of Clinton without having the authority to do so as it was not properly registered. The Kellogg Foundation, which is the largest institutional owner of Kellogg shares, has also been a major donor to the Soros Open Society Foundation.

Bryant currently holds about 296,000 shares of Kelloggs via Direct and Indirect ownership, at a value of about $72 per share – for a total value of $21,331,000. For the previous three years, as of 2015, Mr. Bryant sold off Kellogg stock options for over $25.4million, and sold $78million in stock, and $7.2million in equity grants for a whopping $111million pocketed.

Not a bad haul for someone dedicated to ethical and corporate values and responsibility…awww shucks!

Fracking – Killing Our Planet… Softly

Between 1847 and 1994 Texas experienced 110 earthquakes, or roughly less than 1 per year. So far this year there have been 66 according to Earthquake Tracker.

In 2015, Oklahoma experienced 907 earthquakes, in 2014 there were 585 and in 2013 there were 109. Between 1978 and 1999 the average number of quakes per year was 1.6.

Between 1915 and 2015, Colorado had about 394 earthquakes, or about 4 per year. This year we have had 25… so far.

While the media calls them ‘man-made’, they refuse to call them for what many of them are, a consequence of wastewater injections from fracking and oil. It’s kind of like calling Islamic terrorists, hooligans who just need a hug. And yet our esteemed Climate Crucifiers have no problem attributing global warming to every person on this planet. Why the hypocrisy?

The 300,000 fracking wells in the US currently provide 67% of all our natural gas needs. But it comes at a cost that may or may not out weigh the benefits. Wastewater is injected into the ground, but this injection is filled with volatile chemicals that are considered ‘trade secrets’ by the industry… Really? Upwards of 40,000 gallons of chemicals are used per fracking and include up to 600 different chemicals in the fracking fluid. Some of those include; benzene, toluene, ethylbenzene, carbon monoxide, nitrogen oxides and xylene. All of which are considered hazardous and carcinogenic causing cancer, organ damage, nervous system disorders, birth defects and death. Methane Gas is by far considered to cause the greatest damage to the environment and is a by-product of fracking. Methane Gas is considered to be the main cause of ‘man-made climate change, ie global warming’. That would mean if the climate crucifiers really want to halt global warming they need to add wastewater injections to the modus – something they will never do.

Some of the chemicals are rather funny given their commercial use: wood parquet adhesive, stain remover, deodorant, hair conditioner, varnish, volumizing conditioner, sunscreen, lotion, dog shampoo, tire repair, roach killer, haircolor shine, etc… So if my hair conditioner can help to create earthquakes, I think I need to consider what it is doing to my scalp! YUCK.

The earth is angry!

But even this doesn’t compare to the amount of precious water that is expended in order to supply us with natural gas – low estimates of 1200 gallons to high estimates of 9.6 million gallons of water per well, depending on the location. Given water is by far more valuable than natural gas, why are we continuing to deplete this most precious resource?   Water and droughts are a world concern.  Oil land natural gas are not.  While we need oil and gas for nearly everything in a developed society, we can not survive at all – without water.  There is a difference.

But then it becomes clear: we ‘export’ more natural gas than we import – why would we export at all if we don’t have enough to supply households 100%? Because the price paid by various countries is considerably higher than the cost.  As the saying goes, money is not the root of all evil, but it sure can make some dervish devils out of its holders.  Balance could be a better criteria.  Tell the truth!  If the reasoning is an 800% profit margin then don’t tell us it is energy independence!. 

Wastewater injections are not just a natural gas phenomena, oil wells are a culprit as well.  Find an alternative?  The current injection method is not what was used ’50 years ago’, and the current number of wells is not ‘what it was 50 years ago’!  Multitudes magnified thousands fold – do make a difference in the outcome!  Fracking over known fault-lines – isn’t terribly conscientious.

Despite the drop in the price of natural gas over the decade, the industry is not too nervous about their profit margin given that We The People continue to subsidize the oil and gas industry to the tune of $4.8 billion per year, most of which goes to the ‘Big Oil Conglomerates’ – Exxon, Chevron, Shell, BP, and Conoco Phillips.

WAIT! Shell oil is based in the Netherlands and BP in the UK – so what the heck are American taxpayers doing subsidizing oil companies that don’t even pay taxes in the US? Oh bother… truth.

Back to earthquakes.

It isn’t all bad though – the oil companies do support nearly 10 million employees and the big three from the US pay an effective tax rate far above any other industry! The price of a gallon of gas in Europe is easily double what we pay in the US, and the oil and gas industry pumps more than $500 billion into the US economy annually.  Nothing to sneeze at!

But at what point do we consider the negatives of wastewater injection as over-riding the positives of natural gas companies making hefty profits on exports?   While profits are the mainstay of capitalism, stewardship should be a n equal concern.  Does that mean I think wind turbines are the answer?  No.  Does that mean solar is the answer?  Decades have proven that answer – No.  Do I have the answer?  No.  But all you Engineers!  Seems to me you could have an answer – if you wanted.

As the price of oil and natural gas remain ‘tanked’, which translates to lower tax revenue paid to the government, which translates to higher subsidies, there comes a point of financial collapse in basic supply and demand ideals. To the point that we actually, effectively probably pay more than Europe.  So, at what point is this simply calamitous? We import our gas from Canada, they aren’t harboring ISIS or shouting death to America, so is it really such a bad thing to “trade” from their stockpiles?

Separately, The CDC has yet to investigate the health ramifications of the chemical processes used in fracking – at all, despite the known carcinogens and environmental damage. Instead, they chose to create a massive orgy of fear around the Zika virus which has been around for over 60 years, including in the US. But you see, in the Zika instance, pharma saw the opportunity to reap major profits! The Fracking industry would see losses if the truth were parlayed. Profit makes the world go ’round.  It is a good thing.  But in all things their needs to be balance.  And personally, I kind of like the planet that God created.  God gave us a responsibility – not to shirk – to tend to this planet.  

So when you go before the gates of Heaven and defend that all the earthquakes were God’s hand in the making and cause, when He shakes His head, are you going to argue with Him?

We have become a Pay for Play in all our corporate and government institutions and just never realized how deep it goes. It’s all something of a shell game or Ponzi scheme, because in the end, after lost revenues, subsidies, ‘medical issues’, and tax havens, our effective price per gallon is more likely to be in the $8 to $10 range, well above Europe. And natural gas?  Well given we sell more than we retain, at the very least be honest – it isn’t about energy independence, it’s about making a buck.  

The pump price is simply a mirage to give us a feel good glow