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HispanicVista Columnists |
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Random Political
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By
Richard N. Baldwin T. /HispanicVista.comBy Richard N. Baldwin T / Hispanic Vista.com
It Is Going to Take a
With both the
Entitlements are the big elephant in the room. And remember that entitlements
are where the real big money is. While Health Care (Obamacare) might be the
simplest to reform because it has not already fully implemented it is going to
be a big, big fight. And especially in Social Security, there have been failed
attempts over many years to put that on a sound fiscal basis, such as slowly
raising the eligibility level. All have failed. We should remember that when
Social Security was implemented, the average age expectancy was in the high
sixties. Now, it is in the eighties. In addition there were five active
workers for every retiree. And finally, there was the fictitious “lock box” in
which the contributions were supposedly to be kept. Unfortunately, that has not
prevented congressional thieves from removing these funds and replacing these
with uncollectable IOUs. The lock box is fiction.
As a side issue on Social Security finances, as late as two years ago, Social
Security reported that the total sum of contributions” to the fund by illegal
aliens (who will not be able to collect any of their contributions) has
prolonged, by at least four years the tipping point for bankruptcy.
The point here is that the changes required to the entitlements has to be done
slowly but as soon as possible to put into place. Otherwise, you are
looking at a
I should also point out that the main job requirement for politicians is to be a
good liar. It has nothing to do with party, but a lot to do with how long they
stay in office. Consider this point that happened just recently. On the final
agreement of the 2011 budget agreement, the Republican Speaker of the House
announced that this agreement cut between one and two trillion from the proposed
budget. Shortly after that, the Democrat leader of the Senate announced that one
trillion had been cut. And three or four days after that, the Congressional
Budget Office (CBO) stated that a few hundred billion (a trillion is one
thousand billions). Who is the liar?
On immigration: Too late, Obama realizes that the Hispanic vote is needed for
any chance for reelection. He blew his chance while concentrating on Obamacare
and when he tried to get the Dream Act, too late, and he failed. Now the prior
champion of sweeping deportations is trying to do a reform by executive order.
Outside of the fact that executive orders do not extend, as law does, beyond the
present term, he is introducing an extremely toxic “solution” to the racial mix
here. I can hear the screaming of the Republic extreme right wing chanting
amnesty. It is of interest that in the first Republican debate, this subject was
only brought up with only the word “amnesty” by three of the debaters.
The big question is what Governor Perry will address this important issue. His
record in
But back to jobs and economics: The debt can has been kicked sown the road
again. Not that we have another “special” appointed committee to submit real
changes. A committee that will be behind closed doors and selected from the
extremes from both liberals and conservatives to guarantee gridlock. And why
would the president pay any more attention to whatever this committee comes up
with than any of the other “select” committees in the recent past. This is
doomed to fail.
Make
no mistake about this, time is running out fast, and the necessary changes will
take time to implement. And the longer that it takes, the transition will be
harder. Already, the global economy is heading for recession number two.
I am waiting to see if Obama is going to keep pressing for “Green Jobs” in his
upcoming jobs speech. So far Green Jobs has been an abysmal failure. Just
recently two of Obama’s showcase solar panel makers went belly up. And the one
million-dollar government loan guarantee will end up being paid by the
taxpayers. Reason? Solar panels are simply not competitive.
About a mile from where I live, a new expressway extension has been built. All
the lighting is by solar panels. The government did a cost study on the project.
They determined that the electricity cost produced by solar panels was twelve
times the cost of using standard electricity.