Politics As Usual?

On December 19, 2012, in Politics, by admin

Now that we are long past the election and all the senselessness that is associated with this process, it is a good time to reflect where we are as we head into this ‘fiscal cliff’ scare. You have heard of it.  Everyone and his dog is concerned that the government, more specifically, the politicians cannot get their act together to come up with a meaningful financing package to keep the country running. So the question is, will this be politics as usual?  I am amused by the fiscal cliff discussions and related scare.  There is absolutely little chance that this will affect us.  And as before, they will likely come up with a stay of execution figuratively speaking for a month or two while the political crackpipes try to get their party agenda largely instilled. However, the result is that you and I see our stock portfolios tread in volatility while all of this meandering mess tries to work itself out people on both sides of the isle, many of whom have no concern of the real answer or compromise in favor of some partisan agenda. Both parties are well guilty as sin on this.  Both parties have somewhat lost sight on the fact that they represent hard-working people, many of whom have to get by on a daily basis financially.  I do not know about you, but I rather despise some unconnected partisan politician making decisions that will very well affect my standard of living, without seemingly being concerned what is best for us.  I get it.  The country is way deep in debt, and this is not good. Foreign interests hold so much of U.S. debt that it is scary to think what this could mean if you are one of those worriers that constantly think the end is near……well….

There are a few things to think about here. All of us would collectively like to see the country return to financial strength, yes?  I believe most would agree. There are many ways to consider to do this, some very painful, others, not as much. We want jobs resulting in a serious reduction in unemployment. The list goes on.  Almost everyone would agree, I believe, that jobs are a key factor in the health of the economy. With this there is a lot of talk of serious government cut back of spending. Agree in principal. However, it is very easy to say that the government needs to cut back ‘xx%” in spending.  But what it seems everyone loses sight of is what that really means.  If the government cuts 20% of spending, lets say for analytical discussion, how many government jobs does this involve? While these figures a bit out of date, in March of 2010, there were over 22M government employees.  If you reduce spending by the above amount, how much of this is actual employment versus other forms of government funding?  I do not know this answer, but I would venture to say more than half of this would be labor force.  So you reduce government payrolls by 2.2M, what does that do to the unemployment rate? The economy? Further, some of the spending cuts would come from systems and technology the government purchases from private industry.  In these times where companies lay off simply if they forecast lower earnings, what further effect will these reductions effect?

All in the argument seem to boldly state their position……most it seems state it right along their party agenda of choice.  It seems little thought is really dedicated to the big picture and the effects thereof.

Do not get me wrong. There is no easy answer. The country needs a giant financial enema to turn the finances around.  The problem is, that enema is painful to the average American.  It would mean substantial job loss and a period of extended great recession symptoms.  We can do that.  No problem, just I do not want to be the one who loses my job because of the shrinking opportunity in the work place due to this bitter pill we would have to swallow. I do not think you do as well.

Politics as usual? Yes. We will not leap off the fiscal cliff, and it will be OK.  Still, in America and in Washington, we have become so party oriented that I believe all of us have lost sight on the big picture and the effects thereof.  This is to encourage all to think individually, not just be the New Zealand herd listening to our shepard party……..whatever that may be for you.  Force politicians to do their job for the right reasons, not some party alignment. Enough.  You have heard enough.  Peace

Words of wisdom here are ‘baby steps’. Balance is a very important virtue in this process.

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