Monday, June 06, 2011

The Sky Will Not Fall

Dear Readers:

To raise the debt ceiling or not to raise the debt ceiling, that is the question. Whether tis nobler to continue to spend money we don't have? There-by robbing your children and grandchildren of monies they have not even earned yet. Or tis is better to reign in this uncontrolled spending and borrowing and get a handle on our future for the benefit of your children and grandchildren?

We were told only a few short weeks ago that if we did not raise the debt ceiling, our country would default on its debt service and become a pariah in the financial community. Like TARP and Stimulus 1 before it, we were being scared silly by those smartest people in the room. The ruling class seeing that panicking the people worked twice already, went to the well a third time.

What happened? This time the people were not fooled. There was an election in November where the electorate sent to Washington a group to Congress with instructions "no more spending, mo more taxes, no more borrowing." This new group knew the electorate meant it this time. They were on a short leash.

So the deadline passed and the sky did not fall. In fact they moved up the drop-dead date to August 2. Pretty much the same thing that happened when the world did not end also a few weeks ago, those prophets of doom moved up that date also. What happened is the treasury moved money around and the bills were paid.

Here is the truth, there is no drop-dead date. They do not have to raise the debt ceiling. They do not have to raise taxes. The sky is not going to fall...yet. Not now, not this year. The debt service amounts to 6% of the federal budget. It amounts to 10% of federal revenues. This means for every $9.00 spent elsewhere, there is $1.00 in debt payment.

So as we saw on the last deadline, you move money around and you cover the debt service. What is behind all the scare tactics by the treasury acting as the mouth piece for the administration, Democrat Party leadership and a few institutionalized Republicans is that they won't be able to continue to spend the 120 billion dollars a month it does not have. They won't be able to continue to borrow on your children and grandchildren's future.

They are scared they will have to set priorities. They do not want to do that. They established a dependent class as a voting base, and are scare to tell them at this time they are no longer a priority while they are still in office. Let someone else tell them, sometime down the road, but not now.

This uncontrolled spending of money we don't have must stop. This uncontrolled borrowing of money must end. The time is now. It is up to you to hold you representative's feet to the fire. It is up to you to protect your children and grand children's future and your present. Whether the sky really falls is up to you. This is my opinion, you may beg to differ.

Anthony J. Bazzo
You can read more politics on Bazzo at Work or going to http:ltpbazzo.wordpress.com.
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ATOM TAXI INC. AIRPORT SERVICE:
Dear Readers:

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E-MAIL ME WITH YOUR COMMENTS:
Dear Readers:

It has come to my attention the difficulty in posting a comment on this blog. If you wish to comment, e-mail me at the link posted below, putting "Manifesto Reader" in the subject matter, and I will "cut and Paste" your comments myself. If you DO NOT wish your comments posted, but just wish to communicate with me, please make your wishes known in the e-mail.

LINKS: atom_taxi@yahoo.com(as this a yahoo address make sure you put an underscore (-) between atom and taxi)

For immediate reply: atomtaxi@aol.com

AT NCN: abazzo@ncnlocal.com
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SITES TO LINK TO:

ellabellahairclippies: www.ellabellahairclippies.com
http://ellabellahairclippies.blogspot.com

ROB ASTORINO: www.robastorino.com

JOHN G. TESTA: www.johngtesta.com

ON TOPIC W/ JOHN TESTA: www.ontopicwithjt.com

CARS & US: www.doverracing.com

THE WINERY AT ST. GEORGE: http://www.TheWineryAtStGeorge.com

PLAN PUTNAM: planputnam@googlegroups.com/

BRUCE APAR'S NCN BLOG: http://theblogcabin.com/homebase/bapar

NORTH COUNTY NEWS:"http://northcountynews.com/

THE JOURNAL NEWS:http://thejournalnews.com/

PEEKSKILL DAILY: peekskilldaily.com

YORKTOWN WATCHDOG: www.yorktownopengov.org

PADAVANO FINE ARTS: Padovanofineart.com

ASSEMBLYMAN GREG BALL: http://www.ball4ny.com/

PEEKSKILL BID: www.peekskillbid.com or
www.downtownpeekskill.com
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CABLE SHOWS TO WATCH:

YORKTOWN WATCHDOG: Every Monday at 9:30 P.M. channel 74
Hosted By: ED CIFFON (Yorktown and Putnam Valley only)

CARS & US: Fridays 10 PM chanel 15(Peek. & Cortlant) 74(York. & Put. Valley)
Hosted By: Dennis Tate

SPEAK OUT WITH SANDY GALEF: Yorktown chanel 74 Wednesdays at 7:30PM..Ossining/Peekskill chanel 15 Wednesdays at 8PM
Hosted by: Sandra Galef

DEAR SANDY: Yorktown chanel 74 Fridays 7:30PM...Ossining/Peeksill chanel 15 Fridays
9PM
Hosted by: Sandra Galef

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EDITOR'S NOTE:
All articles re-printed in this blog from the North County News are with the permission of Bruce Apar Publisher and Editor-in-Chief

06/06/11

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