Monday, December 6, 2010

Deficiency at the Deficit Commission

What is the huge missing piece in the proposal of the Deficit Commission?

Leadership is making the all Federal employees bear a fair share of austerity. Including Congress. Had the commission had a majority of persons from outside the DC Ruling Class, you can be certain it would have included something like a 20% pay & benefits cut for Federal employees with the cuts concentrated at the top of the pay scale. They are grossly overpaid, having received years of inflation and step increases while the common man & woman have borne pay stagnation or cuts, and large benefit cuts.

The same applies to Federal contractors. When a company has troubles, it goes to suppliers and demands price cuts. The Federal government has huge purchasing power - why didn't the Deficit Commission propose cuts in all contractor costs?

The answer to these glaring failures is simple: the Commission was almost all DC insiders, they are part of the problem.

Create a truly independent commission - with a supermajority of persons outside of government and outside of DC (and NYC and LA and Chicago). Get people who have experience in cutting costs.

And require ALL spending cuts come before ANY tax increases. Otherwise we will simply see the same old shell game: more taxes, no spending cuts implemented.

More

Is anyone amazed that with almost 10% unemployment and 17% underemployment, that a Democratic President has NO plan or program to help create jobs? Barry is a complete cluster FUBAR, with no ideas or leadership. The People chose badly. Remember who touted him as the great savior, and disregard them in the future.

And More

Uh ... with all the handwringing and anguish over QE2, has anyone bothered to look at the FACT that the monetary base is LOWER than it was a year ago. That's tightening, not easing. Battleship Ben: your shells are falling short, add more powder. Accelerate the buying of those Treasury securities.

Actions

Krypto wants me to sell some gold; that sector is now overinvested due to recent gains. I'll do it via a gold stocks fund. Proceeds to cash to await better bond prices.

Word of the Day

"Irrefragable" - adjective [$10] an Eliot word (i. e., from readings of T. S. Eliot)
Irrefragable means 1. (of a statement, argument or person) unanswerable, indisputable; 2. (of rules, etc.) inviolable.
Sentence: That the Deficit Commission was poorly and fatally constructed by Barry is irrefragable as it was dominated by the Congressmen who are part of the problem.

24 comments:

Spin-em said...

your boy Battleship Ben had a lil extra quiver in his voice last night Bunk.....lol

Spin-em said...

you may want to keep it a surprise for Xmas(Turkey Day..lol) is there any chance of a Volt in Mrs B's future?? lol

Bunkerman said...

oh, some people are like that being interviewed in public.

Mrs. B would feed me cold okra if I bought her a Volt.

Spin-em said...

he was twitchin like a MF.....maybe he had the Colts



Mrs B...loooool...


Bud ...can we get an okra inflation check??

mfl59 said...

Bunkerman are you a bull on China sir?

Bud said...

monetary base is LOWER........tightening, not easing ..............huh ???? lmaoooooooooooooooooo


have you gone F'ng mad Bman ?????

Bud said...

Bman have you ever seen True Grit ?


remake coming on dec 22.........matt damon , jeff bridges , james brolin


preview looks very good............i will be there opening nite

Bud said...

Bman what apps have you downloaded on your Ipad ?

Bunkerman said...

Overtime, China shoul dbe a big part of the East Asian Co-Prosperity Sphere that I've written about for a few years.

Self-suporting domestic demand.

Chian has big governmental problems as they modernize. We'll see wha thappens to the commies - for now they seem content on enriching themselves with corruption.

Bunkerman said...

Bud, the numbers are published in Barron's. Look for yourself.

Bunkerman said...

I have downloaded many foreign language dictionary apps. that's all for now.

Bunkerman said...

True Grit . yes many years ago and a fwe years ago. A good movie is you can stomach that Matty character.

Bunkerman said...

btw, tomorrow I go to Alabama to inspect some of my "places" in that state. Not returning until Friday midday.

yes, will have iPad, but I don't check it all that often when doing this work.

Spin-em said...

do they know your coming?

mfl59 said...

Uhh Bunkerman there are some rumblings that you are going to check out on your low income housing buildings.....there are whispers that you are a slum lord sir...I hope this is simply not true...

Bud said...

Bman where are you going to stay in alabama ? what city you goin to?

Bunkerman said...

nope, a surprise visit.

No, I am not a slum lord - no residential RE.

Bunkerman said...

I am going to five cities in AL, all over the state ... lots of driving.

Bunkerman said...

all my "places" provide lots of jobs & pleasure for the common man.

Bunkerman said...

simple pleasures

:)

Spin-em said...

USA USA USA.....

TALLADEGA....is one

Spin-em said...

lots of driving.

may I suggest pulling up in a Subaru,,,,,the chicks will be all over you...Ive said too much...sorry Mrs B

Bunkerman said...

lol, I do usually get a "freebie on these visits - one for the boss.

:)

Spin-em said...

looooooooooooool....geez I dont think I have to say "sorry Mrs B" anymore