Sunday, July 31, 2011

The National Debt is not a toy or a political icon.

I heard something alarming today on "Meet the Press" by a Freshman Republicans that was not challenged.  While there may be 'readable' laws on the books that stipulate how the benefits to Veterans, the military, Social Security and Medicare should go first, there is no guarantee that can occur because of the mechanization of the check writing system by the Federal Government and its unchallenged status up to now.


Mechanically the check writing system would have to be shut down and accountants hired to achieve that goal as they write the checks by hand.  I sincerely don't believe the capacity exists in the current check writing system to achieve 'cherry picking' the checks to be written.  


Expenses are submitted through complicated processes and set up years if not decades in time.  


Before Freshman Congresspersons make such broad sweeping statements they need to understand the entire process and not simply what the words on a page stipulate.


I also found GM's CEO interesting.  He has a 'recovering' company.  There is no reason why a company with such a status that also received a bailout from the Federal Government should have the same tax structure as Big Oil either.


I would think that especially true of companies and corporations that depend heavily on the American workforce to the degree the auto industry does.  Their return to market share is especially important for our domestic economy and there needs to be special consideration for all the companies that are holding back in hiring because of trepidation.