Posts Tagged ‘U.S. President’

Captain Rick: The Senate and House passed a short-term spending bill that prevented a government shutdown at the end of the week. It has White House backing.

This legislation allows Congress to ‘kick the can down the road’ until after America elects a new President and new members of Congress. With a bunch of ‘lame ducks’ residing in congress at that time, you can bet they will again ‘kick the can down the road’ with another short-term spending bill to fund the government until after a new President and Congress take office in January. That’s when the excitement begins …

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Fights over raising the debt limit broke out between the Obama White House and ruling Republicans in Congress in 2011 and 2013, unsettling Wall Street and foreign investors. The two sides struck a deal in 2015 to suspend the debt limit until Obama left office. The federal debt limit has been suspended since late 2015, but the law is set to be reinstated on March 16, 2017. The current debt limit of $20.1 trillion will be breached and another funding emergency will be at hand to prevent another U.S. government shutdown.

Government shutdowns in the past have become a ‘joke’ in that certain federal employees are told to stay home without pay, until Congress passed legislation to fund the government, which often included increasing the national debt and awarded compensation for all lost pay … meaning their time off was really an extra paid vacation; an insult to hard working employees of ‘Main Street’ America. The ‘Shutdown Game’ can not continue much longer because America is coming ever so close to falling off of the real and pending ‘Fiscal Cliff’. Many federal programs like Obamacare, Medicaid, Medicare and even Social Security are projected to implode in coming years without serious spending/taxation reform.

The U.S. National Debt has more than doubled since President Obama took office; from $9 trillion to $19.5 today. It is exploding at rate of $1.35 trillion each year. More than $10 trillion of ‘red ink debt dollars’ have been spent to keep the federal government functioning during the Obama Administration.

About 15% of money spent by the federal government has no revenue to support the expenditure and thus adds to the national debt. Much of this debt spending goes to states and cities in the form of federal grants. Our states and cities ‘drink up’ the grants like it is ‘free money coming from heaven’. Their philosophy is ‘if we don’t get the grant, some other city or state will’. What an awesomely greedy and fiscally reckless way to think. Shame on every city and state in America for slurping up these slush grants which add to the mushrooming U.S. National Debt. Our cities and states are a main contributors to the growing problem of America’s National Debt … debt which will be placed upon future generations to pay back … including our children and grand children. It’s a serious matter to think about.

I hope the next President and Congress will begin to balance the budget and curtail deficit spending. Saving America from falling off of the real and pending ‘Fiscal Cliff’, will not be easy. It will require ‘belt tightening’ by people, cities and states across America and most importantly by the U.S. Federal Government and our elected representatives in the U.S. Congress.

Captain Rick : I have watched every presidential debate since 1960 when John F. Kennedy was elected and became one of America’s greatest presidents. I will always remember the day I was eating lunch in the high school cafeteria and those terrifying words came over the school PA system that President Kennedy was shot and killed. It was a day that planet earth stood completely still, frozen in shock. That day had a profound effect on my thinking. It marked the day I became seriously interested in the candidates that run for President of the United States of America. 

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Fox News hosted the first Republican presidential debate on August 6, 2015.  Sadly, it was only broadcast live to cable TV subscribers. Watch the official Fox News video rerun by clicking the image above.

As I have done for most presidential debates for decades, I kept score of how each candidate answered the questions. Each candidate started off each question with 5 points on a scale of 10. As they answered each question, I adjusted their score up or down based on what they said as it related to how I believe the mainstream voter would judge the answer. Their body language and audience reaction factored in. After the debate I averaged the scores for each candidate.

Captain Rick’s Scorecard of 2016 Republican Presidential Debate Contenders:

8.1 Donald Trump

6.7 Rand Paul

6.3 Mike Huckabee

6.2 Ted Cruz

5.7 John Kasich

5.6 Marco Rubio

5.2 Scott Walker

5.1 Ben Carson

5.0 Jeb Bush

4.8 Chris Christie

Donald Trump dominated the debate, in spite of loaded questions thrown at him by Fox News host Meagan Kelly, scoring considerably higher than all other candidates. Rand Paul came in a distant second, weaker than I had expected. Mike Huckabee’s third place performance was a surprise. I have a hunch we will be seeing more press on him in coming weeks. It squeaked Ted Cruz to a close fourth. The rest of the candidates all scored within a point of neutral 5.0. Scott Walker’s drop was a surprise. Ben Carson, with his excellent comment about the ‘brain of congress’ helped him fair a notch above Jeb Bush. Chris Christie came in last. I think he needs to excuse himself from the race.

I recognize that there is lots of commentary on how the candidates faired that is being broadcast across social media. I am honored to be one intelligent voice for your consideration.  

Captain Rick’s Closing Thought … I think America is sick and tired of both parties (Republican and Democrat) because of their poor ability to have a positive effect in the Presidency and Congress of the United States of America … which continues to ‘kick Americas debt can down the road’ for our grandchildren to pay for. They can not afford the bill of debt. Unless America begins to elect an intelligent president and members of Congress, America will soon witness the world’s largest catastrophe … the United States of America becoming a third world country. 

Interesting ATRIDIM NEWS JOURNAL Posts, Categories, Links and Stats are presented in Left Column

Captain Rick: I received this email from President Obama in response to my email to him suggesting we hire Walmart to fix America’s broken programs and economy.

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View my email to President Obama: Captain Rick’s email to President Obama

I am honored that President Obama took the time to respond to my email. I offer the following in response:

Dear President Obama:

I appreciate your words of thanks and welcome of hearing diverse opinion. Yes, we do have differences…major ones!

I agree that most of us do share common hopes for America’s future. I agree to disagree on how to get there.  I believe our current path is a road to fiscal destruction of America…one that will render America as a third world nation.  I think you are living in a cloud of a ‘pipe dream’ with your words of an ‘American Dream’. As I see it the ‘American Dream’ is dead and you helped kill it!

Captain Rick

I welcome your comments, likes, shares and following of my blog! (If not visible, click the red title above)

Associated ATRIDIM NEWS JOURNAL Report Categories:

Captain Rick’s email to President Obama

Economy

U.S. Debt Crisis

Captain Rick’s Fiscal Cliff Course 101

President Obama

Captain Rick: Walmart, the world’s largest corporation turns everything it touches into gold, whereas  the U.S. government has succeeded in breaking almost every good program created … and the U.S. economy.

I suggest we hire Walmart to fix the mess that our President and Legislature have demonstrated they are totally incapable of accomplishing.

My email to President Obama:

Mr. President,

I have concluded that you and the 535 members of our legislature are ineffective and incapable of fixing our economy and the many good programs that have been broken. I have a solution, but first I want to remind you of some facts which relate to the many failures of your administration and those that preceded:

a. The U.S. Postal Service was established in 1775. You have had 238 years to get it right and it is broke.

b. Social Security was established in 1935. You have had 78 years to get it right and it is broke.

c. Fannie Mae was established in 1938. You have had 75 years to get it right and it is broke.

d. War on Poverty started in 1964. You have had 49 years to get it right; $1 trillion of our money is confiscated each year and transferred to “the poor” and they only want more…and it is broke.

e. Medicare and Medicaid were established in 1965. You have had 48 years to get it right and they are broke.

f. Freddie Mac was established in 1970. You have had 43 years to get it right and it is broke.

g. The Department of Energy was created in 1977 to lessen our dependence on foreign oil. It has ballooned to 16,000 employees with a budget of $24 billion a year and we import more oil than ever before. You had 36 years to get it right and it is an abysmal failure…and it is broke.

You have failed to fix any of the many government service failures, while overspending our tax dollars to drive America $17 trillion into debt, an amount exceeding the combined debt of all other nations on earth.

AND YOU WANT AMERICANS TO BELIEVE YOU CAN BE TRUSTED WITH A GOVERNMENT-RUN HEALTH CARE SYSTEM?

Lets pause and examine an American corporation that has a track record of turning everything it touches into gold.

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Photo above shows Walmart’s current logo used since 2008

Walmart was founded by Sam Walton in 1962…when I was in high school, just before the birth of Medicare and Medicaid. Since then the Walton family transformed it into the world’s largest corporation with $469 Billion in revenue, 8500 stores in 15 countries with 2,200,000 employees.

If Walmart were a country it would have the world’s 26th largest GDP…but more importantly, it would be the world’s most profitable country…unlike the U.S. which goes $1 Trillion farther into debt each year, with all of its programs on ‘death row’.

I love my country and hate to see you and our legislature destroying it. With all sincerity, I respectfully urge you to consider hiring Walmart to manage America’s failing economy and programs. But, I think that if that were to happen, the Walton’s would fire you and most of the legislature.

Captain Rick

I welcome your comments, likes, shares and following of my blog! (If not visible, click the red title above)

Associated ATRIDIM NEWS JOURNAL Report Categories:

Economy

U.S. Debt Crisis

Captain Rick’s Fiscal Cliff Course 101

President Obama

Obamacare

Entitlement Reform

Corporations

Captain Rick: The U.S. Legislature has failed to balance America’s budget almost forever. If it compromised by using the economic common sense rule of 20% of GDP for both revenue and spending, its budget crisis would end and a much brighter future would await the children of our world.

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Record Tax Revenue: I am glad to see we have hit a new record of $2.7T in revenues, just a tick above the previous record of $2.6T in 2007. As population grows, we better hope our tax revenue keeps going up every year. Things went far astray during the ‘Bush War and Tax Cut’ era, the Great Recession that followed and ‘Obamas Record Spending Spree’ to try to fix it, including a reckless 2 point payroll tax cut. Thankfully, it and some other irresponsible tax cuts vanished on Jan 1 as a result of the Fiscal Cliff and helped bring us closer to sanity. Unfortunately this new revenue record leaves America with a very anemic tax revenue of only 16.9% of GDP. The 40 year average is 18%. A healthy economy achieves revenue equal to 20% of GDP…so America is still far short of needed revenue…and part of the reason why America’s finances are in such terrible shape.

Record Spending: The other part of the reason America’s finances are in such terrible shape is because America’s spending is too high. America is currently spending $3.55T or 22.2% of GDP. That percentage is higher than almost every year since 1986. A healthy economy limits  spending equal to 20% of GDP…so America is still far over the limit for spending…the other part of the reason why America’s finances are in such terrible shape.

Republicans, Democrats, Conservatives and Liberals debate: Republicans and conservatives argue that taxes are too high and do not agree to any further increases. They say the entire answer lies in cutting spending. Democrats and liberals argue that spending levels should be held. They say the entire answer lies in tax increases. Its easy for me to see why our legislature is in gridlock. Both sides are stubborn and illogical. Neither side possesses the the solution. The solution resides in compromise. 

Captain Rick’s proposal of compromise: I propose that the U.S. Legislature uses the economical common sense guideline of 20% of GDP as a target for revenue and spending to achieve a balanced budget. 20% has proven to be workable figure for successful governments in the past. The figure can be argued…19 v 21…but 20% is a good starting point. Diminishing America’s national debt is a story for another day. It would require the balance to shift to more revenue and less spending…perhaps 21% of GDP revenue and 19% of GDP spending. Real compromise needs to begin soon … in order to protect the future of our children.  

I welcome your comments, likes, shares and following of my blog! (If not visible, click the red title above)

Info from previous reports:

Fiscal Cliff: https://atridim.wordpress.com/category/fiscal-cliff-course-101/

U.S. Debt Crisis: https://atridim.wordpress.com/category/u-s-debt-crisis/

GDP: https://atridim.wordpress.com/category/gdp/

Captain Rick: The object of this game is to try and save American capitalism before the government takes over everything. To date, there is no known player who has won. The government wins every time. 

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The game board looks interesting. It reminds me of the fun times I had as a kid playing Monopoly for hours and even days before finally taking over everything…or loosing everything.

I don’t think Bamopoly would be very much fun to play…because no one likes to loose all of the time. It also reminds me very much of real life in America. Its people play this game every day to try and get ahead and promote capitalism… but it seems like big government is always there to take over everything.

I have a strong feeling that one of these days, the government is going to loose this game…because of the way it has been cheating its players…the citizens of America. Unfortunately when it looses the game, there will be no winners.

I welcome your comments, likes, shares and following of my blog! (If not visible, click the red title above)

Previous reports:

Fiscal Cliff: https://atridim.wordpress.com/category/fiscal-cliff-course-101/

U.S. Debt Crisis: https://atridim.wordpress.com/category/u-s-debt-crisis/

Captain Rick: The March 27 deadline for the U.S. government shutdown has been averted by yet another stunt by U.S. lawmakers to kick the U.S ‘debt can’ down the road AGAIN until the end of the fiscal year in September … when it will all come back to haunt us AGAIN.

U.S lawmakers finally brought the 2013 budget fight to an end on March 21 by approving a bill that ended the threat of a U.S. government shutdown on March 27. It funds the government through the end of the current fiscal year in September. The measure now set to become law reduces the impact of the $85 billion in forced cuts — called sequestration — to only $59 billion.

It establishes stop-gap budgets for targeted departments and programs. It resets priorities and helps better manage the draconian formula as set forth by the sequestration spending cuts. Overall, the legislation locks in $984 billion in non-entitlement program spending — a tiny drop from the $1.043 trillion initially approved before the forced sequestration cuts took effect.

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I believe I speak for most Americans and many people around the world when I say … we have had enough of the “U.S. Capital Circus”. Its time for America’s president and lawmakers to unite and figure out a real solution to get America off of the deficit spending binge and balance the budget, followed by a way to pay back America’s monumental national debt of $1.7 trillion, which now exceeds America’s GDP. This is an extremely serious world economic issue … the world’s largest! Nothing else comes close in magnitude. Time is running short. Without real, credible action soon, America will fall over the real ‘Fiscal Cliff’ … a point of ‘no return’. It will take much of the world along for the fall.

I welcome your comments, likes and shares!

Info from previous reports:

Fiscal Cliff: https://atridim.wordpress.com/category/fiscal-cliff-course-101/

U.S. Debt Crisis: https://atridim.wordpress.com/category/u-s-debt-crisis/

Captain Rick: The U.S. Federal Budget has grown 40% larger since Obama became president. America’s thirst for deficit spending has has quadrupled since. Deficit spending has grown from under 6% of the Federal Budget in 2007 to a whopping almost 24% in 2013. At the rate President Obama is increasing the U.S. National Debt, deficit spending will consume nearly 50% of the Federal Budget by the time he leaves office. It is obvious he is leading America on a suicide journey to the edge of the Fiscal Cliff.

The Sequester Cuts, that begin to go into effect today, represent only a tiny reduction of America’s deficit spending as demonstrated by the pie crumbs left after a nearly quarter-sized hunk of pie was removed. The Sequester cuts represent only 2% of the Federal Budget and less than 10% of deficit spending.

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The Sequester Cuts are tiny contribution to begin to harness President Obama’s debt spending binge. Actually, the cuts will achieve little if deficit spending keep increasing during the next year at the same rate as the past four. A year from now deficit spending will have gone up by a much larger percentage than the tiny reduction realized from the Sequester Cuts. America is in serious fiscal trouble. The Sequester cuts are a start. Far more needs to be done to save America from fiscal destruction in a few short years.

It would have been better if Congress and the President could have agreed on which cuts should be made, but they could not, thus the previously agreed Sequester, signed by President Obama, went into effect today. I believe I speak for many Americans when I say that President Obama’s choice to free thousands of illegal aliens under the guise of Sequester cuts was politically motivated and used very poor judgment.

When will the Washington Circus end?

Americans are getting sick and tired of it … but then they are the ones responsible for electing the incompetents representing us in Washington. Perhaps the real problem lies on the shoulders of our voters … but then again … we often face ‘crappy’ choices at the poll. Intelligent voters in America are becoming a minority. I am doing my very best to help reverse that trend! I hope you will follow my blog and share it with your friends via the many social network buttons I have provided for you below. And please…don’t be bashful…share your comment with ANJ’s rapidly growing audience across America and around the world. Your voice is important!

I welcome your comments, likes and shares … below!

More info from previous reports:

Fiscal Cliff: https://atridim.wordpress.com/category/fiscal-cliff-course-101/

U.S. Debt Crisis: https://atridim.wordpress.com/category/u-s-debt-crisis/

Captain Rick: On March 1, 2013 President Obama becomes the owner of the “Sequester”. He will shoulder the blame for this travesty of American government breakdown as a result of the Budget Control Act he signed into law on August 2, 2011.

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The U.S. Senate failed to pass both Republican and Democratic alternatives to head off across-the-board spending cuts, further ensuring Washington will blow past a Friday deadline to avoid or replace $85 billion in cuts that threaten economic growth, military readiness and jobs.

The Democratic alternative would have replaced the cuts, known as the sequester, through 2013 with a combination of a minimum 30% tax on millionaires and cuts to defense and farm programs. It failed 51-49.

The Republican alternative would have transferred sweeping authority to President Obama to force him to determine how to implement $85 billion in cuts instead of the across-the-board spending cut affecting most reaches of the federal government. The sequester exempts military personnel accounts and the social safety net including Social Security and Medicare. The GOP measure also failed, 38-62.

Both proposals needed a 60-vote super majority to pass, but either vehicle was dead from the start. The GOP-controlled House opposes the Senate Democrats’ proposal because it raises taxes. GOP lawmakers do not support using new taxes to turn off the sequester; rather they are seeking alternative spending cuts and entitlement reforms.

After a two-month sequester delay agreed to in a January tax deal, the cuts are scheduled to start kicking in March 1. There is about $85 billion in cuts scheduled through Sept. 30, the end of the federal fiscal year. In total, the sequester will trim $1.2 trillion in spending across the federal government over the next decade if left untouched.

The cutting mechanism is an unpopular budget tool that was included as a fail-safe in a 2011 budget law that required Congress to find $1.2 trillion in deficit reduction on their own. When they failed to do so in December 2011, they started a one-year countdown to the automatic cuts. In the past year, Congress and the White House have been unable to come up with an alternative to the sequester, or reach a long-term budget deal that would allow them to turn it off.

The president and congressional leaders will make a final attempt at a pre-deadline compromise at a White House meeting Friday morning, but top lawmakers conceded the prospects were dim for a deal in the short-term.

Captain Rick’s closing thoughts

I believe I speak for most Americans by saying … our government in Washington is totally broken. I welcome your comments below.  

More info from previous reports:

Fiscal Cliff: https://atridim.wordpress.com/category/fiscal-cliff-course-101/

U.S. Debt Crisis: https://atridim.wordpress.com/category/u-s-debt-crisis/

Captain Rick: Blogs across America have exploded in the past few hours as they “smell a political rat” by President Obama’s mass release of illegal aliens in advance of and under the disguise of Sequester spending cuts. I have seen big political moves, but this one “takes the cake”. 

This appears to be a political move by President Obama to pressure Republicans to cave on automatic Sequester spending cuts which go into effect on on Friday. Those reading my previous reports, know that these cuts are necessary as a result of a total breakdown of Washington being able to legislate fiscal responsibility. It is a shame that our President has to resort to dirty politics by scaring Americans in order to continue his obsession for spending trillions of dollars beyond America’s means.

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The Immigration and Customs Enforcement agency (ICE) confirmed that it has released hundreds of immigrants awaiting deportation trials over the past few days to prepare for the sequestration slated to kick in March 1.

House Speaker John Boehner (R-Ohio) told CBS News it is "very hard for me to believe that they can’t find cuts elsewhere in their agency."

My state of Arizona contains the most porous corridor for illegal aliens entering the U.S. It’s a very important issue for the citizens of Arizona. I received an email from Jan Brewer, Governor of Arizona. She sums up this political move with excellence. I share her words with you below.

Message from Jan Brewer, Governor of the great state of Arizona

I’m appalled to learn the U.S. Department of Homeland Security has begun to release hundreds of illegal aliens from custody, the first of potentially thousands to soon be freed under the guise of federal budget cuts. This is pure political posturing and the height of absurdity given that the releases are being granted before the federal ‘sequestration’ cuts have even gone into effect.

This represents a return to exactly the kind of catch-and-release procedures that have long made a mockery of our country’s immigration system. The news is especially concerning when coupled with DHS’ acknowledgment that it may not be able to maintain operation of 34,000 immigration jail beds, as mandated by Congress.

Everyone knows the federal government must get a handle on spending, and it is well past time that the President begins working with Congress to find real budget solutions. But we cannot let public safety and the rule of law be collateral damage of the President’s failed leadership to pass a budget.

My very best,

Jan Brewer

More info from previous reports:

Fiscal Cliff: https://atridim.wordpress.com/category/fiscal-cliff-course-101/

U.S. Debt Crisis: https://atridim.wordpress.com/category/u-s-debt-crisis/

Captain Rick: The December Jobs Report marked the tenth month in a row of lackluster job creation. Only 155,000 jobs added, just above the red break-even line of enough jobs to keep pace with population growth. That leaves 4.8 million discouraged workers … hopelessly unemployed.

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1.84 million jobs were created during 2012. That sounds huge, but it only broke even with the 1.8 million needed to keep pace with population growth.

U.S. Unemployment rate is inept and meaningless … the real unemployment rate is about 15%

I no longer report on the U.S. Labor Department unemployment percentage, which basically counts only those who are registered and receiving unemployment compensation. It does not include the other half of the workers that dropped off of the government’s ‘radar screen’ … the 4.8 million who have exhausted their unemployment compensation and remain discouraged and hopelessly unemployed. The Labor Department should abandon the ‘unemployment rate’ and replace it with a figure that is closer to reality. The actual unemployment rate, sometimes called the ‘underemployment rate’, stands at about 15%, among the highest since the Great Depression of the 1930s.

The growing number of hopelessly unemployed is worrisome

Studies widely show the longer a person is unemployed, the weaker his or her chances are of getting a job. At some point, long-term unemployment can lead workers to become permanently detached from the labor force. That’s not good for the economy.

How long will it take to reduce unemployment to pre recession levels?

The Hamilton Project, an economic research arm of the Brookings Institution, publishes a “jobs gap” calculator that estimates just how long it will take to get back to pre recession levels, assuming the only major job market dropouts are Baby Boomers who are retiring. At the current rate of hiring, the Hamilton Project estimates it would take until 2025 to get back to a pre-recession job market. I must caution … that report does not consider the monumental fiscal challenge America faces with the upcoming Fiscal Cliff Sequester and Debt Ceiling issue. If President Obama and the U.S. Legislature continue to ‘kick the fiscal can down the road’, it could be far beyond 2025 before America recovers to pre recession unemployment levels, possibly never.

Caution for U.S. State Governors and City Managers

If you think America is on the road to recovery … THINK AGAIN !!! America is on a very serious fiscal downhill slide …headed for the ultimate ‘Fiscal Cliff’. Continue to spend money like there is ‘no tomorrow’ or prepare for coming reality by shoring up fiscal defenses.

Get Educated about the serious fiscal problems facing America … and the world

A great source: Captain Rick’s Fiscal Cliff Course 101 … The course starts at the very bottom.

Captain Rick: World stock markets jubilated as America was prevented from dropping over the ‘Fiscal Cliff. It was a political stunt pulled off by President Obama and Congress to kick the ‘Fiscal Cliff’ can down the road for 60 days.

The global stock market rally (which came short of a rebound to recent highs) will be short lived. In just 60 days the U.S. Congress will be forced to address the ‘Fiscal Cliff Sequester’ of automatic spending cuts and raising of the U.S. debt ceiling because of America’s supreme thirst for spending money it does not have.

So, for those who have not studied Captain Rick’s Fiscal Cliff Course 101 … have a glass of champagne and celebrate America’s continued fixation for spending money that has no revenue for support.

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Captain Rick: Arizona Governor Jan Brewer made an unannounced trip to military bases in Afghanistan this week as she visited with service members from Arizona and flew around the war-torn nation in helicopters with guns hanging out the windows. Details of the trip were kept under wraps for security reasons as she quietly left the state over the weekend. During the trip, Brewer flew by helicopter from the southern city of Kandahar to other bases in the country and ate meals at two military camps. More than 400 National Guard members from Arizona are serving in Afghanistan.

So, what is this all about? Officially, its just a trip financed by the U.S. Department of Defense. Back in 2007, then Arizona Governor Janet Napolitano made a similar unannounced trip to Iraq and Afghanistan. Soon after, Napolitano abandoned her position as Arizona Governor to become President Obama’s Secretary of Homeland Security. Then Arizona Secretary of State, Jan Brewer became the Governor of Arizona. Brewer wasted no time leading the crusade for SB1070, Americas toughest illegal immigration law. She backed it all the way to the U.S. Supreme Court, which upheld its core measure. Jan Brewer is undisputedly recognized as America’s toughest Governor. During my lifetime of living in seven states, there is only one Governor that stands out in my mind as being the greatest Governor I have ever known. That Governor is Jan Brewer, Governor of the Great State of Arizona. I have no idea if Jan will run for president in 2016 … but if she does, she will have my support. In my opinion, Jan would be a President Americans and the world would be proud of.   

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