This Week --December 11 Budget Decision; Investment & Finance Thread

Soap box time.

Even as we speak the hired help in Washington are working out how to deal with the fact that the current budget continuing resolution expires this Thursday.  We got rumors galore on what they're coming up with but let's face it--  this is just not their strong point.  We're in a situation where the hired help is going to need our intensive supervision.  I know it's a lot of work to keep 'em in line but it's what we do.

We can google here to find your congress contact info and I found this site good for senators and this one for my house member.  Congress has been hearing how the loony press wants everyone to agree w/ the loopy left on more tax'n'spending.  It's our job to tell 'em we need:

1. spending cuts on 'human recourses' (which gets most spending),
2. personal and corporate tax cuts on both incomes and capital gains,
3. borrowing limited by congress --no more 'blank checks'.

Let's remind congress:

The constitution says congress decides how much to tax and how much to spend and president is required to either comply or get nothing.  If the president chooses a government shutdown then so be it.  We can wait for January 6, 2015 and let the 114th congress override his veto.  You must neither vote for business as usual nor even vote to restrict debate and allow others to conduct business as usual.

There simply is no more money to be spent.  The BLS, the BEA, the Census Br, and the Federal Reserve have the facts and the facts speak for themselves:

• that 12 million people lost their jobs w/ the 110th congress--
• 4 million more went w/ the 111th bringing the total to 16 million job losses that have not yet been replaced,  
• of those that did keep their jobs, over 3 million were demoted from full to part time work,
• the median family income has been slashed 9%,
• real per capita wealth has fallen. 

The money is simply no longer there.

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btw, the current state of investments is fine; stocks at all time highs and precious metals continues to stabilize its 3-week base.  For now.