Showing posts from October, 2013

The Cost of Socialized Healthcare

There is no debate that affordable healthcare should be available for all. The debate is the potential cost, during a time when our national debt is climbing at an already record pace. A rate that far outpaces the revenue generated. The deficit, or the difference in spending over income, is right now over 1 TRILLION DOLLARS annually. To put that in perspective, your $50k annual salary would have to be multiplied by 20,000,000 (twenty-million!!) just to meet the amount of money our government spends OVER the amount it receives in tax revenue. As crazy as that is, it’s a subject for an entirely different day. What we need to focus on for this discussion is how the new healthcare law will not only affect the budget of the federal government but how it will affect insurance companies and your pocket book.

What does a Trillion Dollars Look Like?

Now, let’s cover how insurance companies determine the rates that they charge. Keep in mind that insurance companies are a business and businesses a…

Mini Rant on the Deficit

Congress as whole needs to be the one's setting the example when it comes to creating and sticking to a budget. There shouldn't ever be such a thing as a deficit, as we shouldn't be spending more than we bring in! Period!

The Budget and Debt Ceiling - What's the real crisis?

The government has been in “shut-down” mode for over a week now. Amazingly, 85% of the government is still functioning (if you want to call it that), tax revenue still pours in, most bills still get paid, and the debt continues to climb at nearly a record pace; and all without a budget.

In my opinion, “the sky is falling”, debt ceiling debate is more rhetoric than anything. Since our actual debts will and should always be paid first, the real threat to our economy is the pace in which our debt continues to grow. Lately, you've probably been hearing President Obama talk about how he has shrunk the deficit, which is all fine and dandy, but you know what? What that means is tax dollars are still being spent faster than it can be brought in. It’s basically a budget shortfall. To put it into perspective, here’s a scenario:
You have a monthly income of say, $2500. That doesn't seem like enough to live comfortably, so you make a budget for $3600 a month instead.  With the $1100 dollar …

State of the Theater

The current shutdown (if you want to call it that), is not much more than over dramatized political theater full of childish finger pointing. Only the most visible functions are being affected, other than the furloughs of course. That was just to put a human face on it. We see on the news government officials fencing off national parks and open air monuments (which probably costs more to keep secure), and  government websites (e.g. being shut down or having warnings of limited functionality.

Each side of aisle blames the other and neither side refuses to budge. Although, even with the shutdown, an amazing 85% of government still functions! Can you believe that? That sounds more like budget cuts, rather than a shutdown, but who am I to judge? I think everyone could have been kept on the job, if they would have instituted a spending freeze instead by cutting back on office supplies, cancelling business trips, and turning of utilities to areas that aren't in use. Maybe…

What’s good for the Goose, is not good for the Gander-The Reason Americans despise Congress

Do you need a day job where you can ignore your boss, exempt yourself from laws, vote for raises in pay, have premium healthcare, have a base salary of $174,000, 401K Style Thrift Savings Plan AND Pension(for 5 years of service),  and maybe a separate allowances for office staff($900,000+) and furniture($3.3M average)?  Just run for a seat in the U.S. Congress!!

According to the Social Security Administration, in 2011 the average U.S. citizen earned $ 42,979.61. Only a ¼ of what a 1st Term U.S. Representative makes. Since 2011, Congress as a whole as maintained an approval rating of only 24% or less according to data from Gallup. How they are able to maintain a job with these kinds of benefits and rating that low, is beyond me. Would you be able to keep your job if your boss approved of only 24% of the work you did, or only 24% of the board of approved of your work? That’s highly doubtful. Congress will tell you all about the work they do, even though an actual budget hasn't been p…