Thursday, March 1, 2012

Its a Spending Problem, Not A Revenue Issue:

Our government is a big believer that if they tell you something enough, you will believe it. Take issue with the Social Security comments. They call it an "entitlement". I am here to tell you, when you contribute your money into a fund, that is your money, not the government's. Therefore, it is not an entitlement. Now if you tell the administration this, they will completely ignore you and go right back on national ads calling it an entitlement.

Sadly, there are many more people that live on true entitlements than those that don't. Thus they will believe what the government says. My point being, a truthful administration is non-existent. Spending is the issue yet they tell us how they need to create more revenue.

If you will take the time to research their spending habits you would be amazed. Like the $500,000 to watch a shrimp run around on a treadmill. The $250,000 spent in Arkansas to study a peanut. When these issues arise, our great leaders say, "well , that's a drop in the bucket!" Enough drops cause a waterfall folks.
So let's get bigger in our financial miscues by our government. Solyndra; 500 million dollars to a company that was proven destined for failure, yet the government gave them the money. Now they are Bankrupt. So what do we do? Court OKs $370,000 to pay the executives their due bonuses. Another drop in the bucket. Their answer as to why? That's what it takes to keep the good people. Again, Bankrupt!

Since the government took control of Fannie Mae and Freddie Mac, taxpayers (that would be us) have spent more than $160 million defending the mortgage companies AND their former executives. Guess the bonuses for being so good wouldn't cover their attorney fees. By the way, the charges against them....fraud. Obama's administration had this secret very well hidden until Congress demanded an accounting that was produced by the companies and their regulator. Documents reviewed by the New York Times revealed that we the taxpayers have spent $24.2 million in attorney fees for three former top executives - Franklin D. Raines, Timothy Howard......the Top Chief FINANCIAL officer, and the former CONTROLLER, Leanne Spencer. By the way, for those of you that don't know, a controller is the person that over sees all the monies coming in and going out.

We have got to make others aware of this type of fraud against us, the taxpayers, and show our country what our administration's policies really are. We need to expose this to the country to minimize all we can being distributed to this company. The Treasury department is expected to publish a report outlining the administration's recommendations regarding the future of these companies. I can only imagine what is being said in the oval office; "Well, looks like they caught us!"

All I can ask is for you to get involved. Let your friends and family know about this blog site. If nothing else but for the information they need that will enable them to make wise choices in their voting process. Come here...get facts...go to media and the current administration...get smoke.

God bless,
Ragman

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