Sunday, November 20, 2011

What is occurring in regard to State and Federal Budget topics is politics.

There is no way California's deficit matches the problems Greece has.  There is no way it is going to either.  The politiking that surrounds the flucturations of Wall Street in its anxiety over Greek debt is unrelated to any problems the USA has or any state in the country.

To keep a frenzy about spending money or raising taxes is the only strategy the Republicans have to stir their base and seek to please their cronies.

If every dollar spent in the USA is scrutinized as unnecessary to spend then the people in leadership within that office will appear to be uncaring, distracted from the issue and aloof. 

Anyone can start a hysterical process surrounding any topic and make it seem real, but, whether or not a Greek crisis interprets into a California crisis only is possible if California holds Greek debt.  Otherwise, they are unrelated topics.

The only way the Republicans can get the people of the USA to destroy their own entitlements is to point to other countries saying the USA is going to turn out the same way.

NOT.  That is a lie.  The USA's debt has accumulated for sometime now and not in the past two years.  It was due to unnecessary war, overspending on security offices across the country and pouring concrete to keep buildings sprouting up.  The debt the USA holds is not related to entitlements at all.  It is related to unnecssary spending in huge amounts.

Greece is not at war.  It is not invading Iraq.  It does not carry global capacity for its Navy.  The structural debt of the USA and California for that matter is very different than that of Greece.

Wall Street is spoiled.  It was bailed out, has seen record setting profits, has scaled back operations to facilitate profit.  I don't understand how Wall Street is going to continue to have enormous profits with continued closing of plants and loss of market share, but, hey none of my business.  As far as I am concerned, the more plant closings, the more opportunity for American entrepreneurs to begin new enterprises based in American labor and raw materials.

Whirlpool may make money this year by closing a plant, but, there are Americans in need of jobs that have skills to build major appliances.  That is a ready labor force for investment and marketing.  A new start up manufacturing of those applicances will find an interesting gap in market share that will grow as the enterprise secures its place where giants failed.