Pesky peas and numbers about America’s indebtedness
Whatever the three peas in a pod (politicians, press and public) believe or lie about America’s indebtedness, about corporate profits, and about corporate taxes, the pesky facts are as follows:
National debt = $15 trillion (rounded)
Total federal unfunded liabilities = $61 trillion
$15 trillion + $61 trillion = $76 trillion total indebtedness
Note: These figures don’t include state, municipal or personal debt.
Civilian labor force = 153 million
$76 trillion / 153 million = $497,000 indebtedness per worker
Average annual income per civilian worker = $27,041
$497,000 / $27,041 = 18 years to pay off federal indebtedness
Annual corporate profits after taxes = $6.6 trillion
Annual federal corporate taxes paid = $329 billion
Average corporate profits as a percent of sales = 6 percent
$76 trillion / $6.6 trillion = 11.5 years of profits to pay off federal indebtedness
Summary: It would take 18 years if the government were to confiscate all income from all civilian workers until federal indebtedness were paid off. Of course there would be mass starvation long before that. It would take 11.5 years if the government were to confiscate all corporate profits instead of confiscating worker income. Of course, corporations would go out of business and there would be mass starvation long before that.
Meanwhile, the Deficit Commission and the rest of Congress and the White House are hearing constituents say that the deficit and debt should be drastically cut but there should be no cuts that affect them personally. As a result, the Commission is planning to reduce their already measly reduction goal of $1.2 trillion over the next decade to something significantly lower. What they should do instead is start by cutting all federal spending by 20 percent across the board, across all departments and programs. The situation is that dire.
But that isn’t going to happen because we are a nation of pea brains that can't understand numbers.
Mencken’s Ghost
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Wil Cardon: In crucial economic times, President MIA on Super Committee Negotiations
The deadline for the Super Committee to reach a deal in cutting $1.2 trillion over ten years in an effort to avoid across the board cuts of $1.2 trillion is looming over Capitol Hill while members of the Super Committee and Congress are starting to fall apart at the seams. In all of the Super Committee discussions, one key component, President Barack Obama, has been missing in action.
Mesa businessman and Republican candidate for U.S. Senate Wil Cardon issued the following statement in regards to the President's lack of ability to lead the Super Committee negotiations:
"While our country is facing a financial crisis and on the brink of implosion, where is the President during all of the Super Committee negotiations? He is off campaigning around the country and taking vacations instead of leading the debate. The President should be ashamed that he has let another financial crisis hit a boiling point without even once intervening. Why isn't President Obama being held accountable for not doing his job which is leading the nation?
"President Obama may think it is politically smart to stay out of the debate but in reality it will be disastrous if our country is forced into $1.2 trillion in across the board cuts to programs like defense. It is critical for the United States to get its fiscal house in order but it is unacceptable to put the financial burden on our defense department when there is wasteful spending taking place in other departments within the government.
"The President has once again neglected his leadership role and failed to stop the partisan politics and do what is best for the American people. Our country can't afford his unwillingness to put politics aside anymore."
Wil Cardon
Mesa
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Is Chase Bank creating a formidable security force?
First JP Morgan Chase overcharged 4,500 troops and wrongly foreclosed on 18 of them. Now, with Occupy Wall Street banging on their doors they want to hire 100,000 ex-military men and women. This is beginning to remind me of the Pinkerton's cracking heads for the railroads and subduing violent strikers at the turn of the century. 100,000 people trained to kill people they are told to is a formidable force – much greater than many nations have. Am I reading too much into this?
Sincerely,
Joseph Dupont
Wachtung, New Jersey
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Town council meeting Nov. 21
Mr. Mayor,
My husband and I bought our house in Cave Creek just over two years ago (on Arroyo Road). The reason we are so attracted to Cave Creek is the fact there is always something exciting going on at one of the many businesses. We have had several “visitors” to our home and everyone that has been in Cave Creek states how lucky we are to have a home in such a great area with so many things to do. We would definitely hate to see the “city ordinance” change the ways of the businesses and what they’ve done in the past. I can only imagine that the city would “dry up” if the businesses could no longer do what they do. For what it’s worth, we’ve only been there a couple of years, but what we’ve seen in those two years has been amazing. Most little towns would love to have the business Cave Creek gets every week. The promotions the businesses create are exciting and there is always something to look forward to. We would not have bought a house there if there hadn’t been established businesses that promote the city like they do. We have a lot of fun in Cave Creek and hope to continue doing so in the many years to come. Thanks for listening!!
Janelle Finken
Cave Creek
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Changes to town ordinances
Dear Mayor,
It has come to my attention that the Cave Creek Town Council is considering restrictive changes to town ordinances that would significantly affect certain establishments in your lovely town. Although not a resident of Cave Creek or Arizona I do visit with my brother who owns a home in the Legend Trail Golf Club. I visit twice a year with my family and spend a good amount of time in Cave Creek dining and shopping. It has come to my attention that new proposed ordinances will affect Harold’s and the Buffalo Chip restaurants. These are two of our favorite places to eat and we do not wish to see any changes to the way they can do business. Please don’t over regulate your beautiful town into just another ordinary Arizona town. To be politically correct would be a death knell to your town and I for one don’t want to see this happen! Thank you for your consideration of my email and I urge you once again to keep your town “unspoiled” by politics!!
Terry Boles
Pittsburgh, Pennsylvania
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Vote No on restrictions!
Dear Mayor and Council Members,
I winter in Arizona with my parents and visit friends who live near Carefree and Cave Creek. We frequent many of the small businesses and restaurant/bars in your area for their unique offerings, décor, and atmosphere. Please do not vote to restrict ordinances for those local establishments who are bringing a great deal of profit to your area.
If a vote to support the restrictions is supported and passed my family and friends will find other venues outside the Carefree and Cave Creek area to spend our time and money.
Please do not let this travesty occur because ultimately you will destroy Carefree and Cave Creek's unique, charm, western appeal and those small businesses within your realm.
Sincerely,
Michelle Bergman
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Barack Obama’s America
The current Occupy Wall Street movement is the best illustration to date of what President Barack Obama's America looks like. It is an America where the lawless, unaccomplished, ignorant and incompetent rule. It is an America where those who have sacrificed nothing pillage and destroy the lives of those who have sacrificed greatly. It is an America where history is rewritten to honor dictators, murderers and thieves. It is an America where violence, racism, hatred, class warfare and murder are all promoted as acceptable means of overturning the American civil society.
It is an America where humans have been degraded to the level of animals: defecating in public, having sex in public, devoid of basic hygiene. It is an America where the basic tenets of a civil society, including faith, family, a free press and individual rights, have been rejected. It is an America where our founding documents have been shredded and, with them, every person's guaranteed liberties.
It is an America where, ultimately, great suffering will come to the American people, but the rulers like Obama, Michelle Obama, Harry Reid, Nancy Pelosi, Barney Frank, Chris Dodd, Joe Biden, Jesse Jackson, Louis Farrakhan, liberal college professors, union bosses and other loyal liberal/Communist Party members will live in opulent splendor. It is the America that Obama and the Democratic Party have created with the willing assistance of the American media, Hollywood, unions, universities, the Communist Party of America, the Black Panthers and numerous anti-American foreign entities.
Obama has brought more destruction upon this country in four years than any other event in the history of our nation, but it is just the beginning of what he and his comrades are capable of. The Occupy Wall Street movement is just another step in their plan for the annihilation of America.
Jack A. Furnari
Knoxville, Tennesse
Copyright © 2011, Knoxville News Sentinel Co.
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God save America!
“If My people who are called by My name will humble themselves and pray and seek My face and turn from their wicked ways, then I will hear from Heaven and forgive their sin and heal their land” II Chronicles 7:14. (NKJV)
The nation of Egypt is going through troubling times, but amidst all the trouble a Revival is taking place with many thousands believing in Jesus as Savior.
America has had Revivals in the past. The First Great Awakening in America, from 1734-1760, is credited with laying the foundation for America’s liberty and freedom and by God’s grace winning a great war and writing our Constitution and Bill of Rights.
The Second Great Awakening, from 1790-1840, brought Revival to the West as settlers in thinly populated areas traveled many miles to gather at camp meetings eager to hear the gospel.
Another Revival occurred in New York City, from 1857-1858, when on September 23, 1857 the stock market crashed and the Old Dutch Church’s prayer meeting on Fulton Street went from six attendees to an estimated 10,000.
It is obvious America needs a Great Awakening today. The Almighty God, the Creator of the Universe, the God of love, mercy, forgiveness and hope, has been rejected in our public schools. Satan, the father of all lies and deceit has encompassed atheism, humanism and the socialism and the greatest lie of all: the pseudo-science of evolution.
Could God be allowing America to suffer a moral, spiritual and economic disaster as punishment for rejecting him? “Vengeance is mine, I will repay, says the Lord” (Romans 12:19b).
If God’s people would gather together to fast and pray … God may give America a second chance by forgiving our sin and healing our land.
God save America!
James W. Roerborn BA, MS
Alexandria, Minnesota
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