FY 2011 budget
Week in Review: January 31 - February 6, 2010
08/February/2010 17:06 Filed in: Week in
Review
Well,
after a lot of happenings in the last couple of
weeks, this week was less hectic, except in terms
of stupendous changes. The first being the proposed
budget sent to Congress by President Obama. The
second being the weather in places a lot of people
live on both the left and right coasts.
Last Monday President Obama released his proposed budget for fiscal year 2011. The proposal listed $3.83 trillion in spending, much to fight the continuing economic malaise, all of this showing the biggest deficit percentage since 1945. It is hoped this year’s deficit will come in around $1.6 trillion to be followed with something around a trillion in 2011.
As discussed by the spin-doctors and pundits, this is either the salvation or the end of the economic world, as we know it. What all these people are hoping for – is through the budget, or changes to the budget, we can return to the prosperity that the nation and the world we hoped would continue forever, namely the 1990s.
What no one seems to understand is that the ‘90s were funded basically by the housing bubble, monetarily securitizing that debt, and selling it to the rest of the world. To believe that we can do it all again, with some other zero risk – get rich scheme, borders on stupidity, if not insanity. I suppose the good news, as bad as the United States economic woes; the dollar has rebounded, thanks to things being worse elsewhere.
What the world really needs is money in the old fashioned sense, like a medium of exchange for goods and services, not a Ponzi Scheme of central bankers, politicians, and various leveraged market makers. That real money will not be loaded on the world’s economic ship until sometime in the unknown future. In the meantime the world will continue to be awash in an ocean of non-energetic debt money, with no real place to go, because the players, either don’t seem to care, or they haven’t got a clue.
On the left coast, Southern California slowly continues to wash into the Pacific Ocean. On the right coast massive snowfalls have broken trees, power lines, and frozen transit, creating economic ice. One town in Maryland is said to have received over 40 inches. The area is expected to receive another winter blast toward the middle of the week. Here in the northwest, the record snows of the last two winters have been replaced with almost an extended spring, with just freezing nights and pleasant days.
El Nino is the climate culprit in all of this. Warm ocean waters in the Pacific have shifted storm tracks to the south, so we see more rain in the arid southwest and as it moves east this moisture laden air becomes essentially an ocean effect snow, similar to the lake effect snowfalls around the Great Lakes, but this time over a lot larger area.
In all the climate change debate about global warming, nothing in the models fits this happening, but many creation scientists, believe that just more massive events as these, were the underlying reality that brought on the ice age after a period of warmth following the Biblical Genesis Flood.
Last Monday President Obama released his proposed budget for fiscal year 2011. The proposal listed $3.83 trillion in spending, much to fight the continuing economic malaise, all of this showing the biggest deficit percentage since 1945. It is hoped this year’s deficit will come in around $1.6 trillion to be followed with something around a trillion in 2011.
As discussed by the spin-doctors and pundits, this is either the salvation or the end of the economic world, as we know it. What all these people are hoping for – is through the budget, or changes to the budget, we can return to the prosperity that the nation and the world we hoped would continue forever, namely the 1990s.
What no one seems to understand is that the ‘90s were funded basically by the housing bubble, monetarily securitizing that debt, and selling it to the rest of the world. To believe that we can do it all again, with some other zero risk – get rich scheme, borders on stupidity, if not insanity. I suppose the good news, as bad as the United States economic woes; the dollar has rebounded, thanks to things being worse elsewhere.
What the world really needs is money in the old fashioned sense, like a medium of exchange for goods and services, not a Ponzi Scheme of central bankers, politicians, and various leveraged market makers. That real money will not be loaded on the world’s economic ship until sometime in the unknown future. In the meantime the world will continue to be awash in an ocean of non-energetic debt money, with no real place to go, because the players, either don’t seem to care, or they haven’t got a clue.
On the left coast, Southern California slowly continues to wash into the Pacific Ocean. On the right coast massive snowfalls have broken trees, power lines, and frozen transit, creating economic ice. One town in Maryland is said to have received over 40 inches. The area is expected to receive another winter blast toward the middle of the week. Here in the northwest, the record snows of the last two winters have been replaced with almost an extended spring, with just freezing nights and pleasant days.
El Nino is the climate culprit in all of this. Warm ocean waters in the Pacific have shifted storm tracks to the south, so we see more rain in the arid southwest and as it moves east this moisture laden air becomes essentially an ocean effect snow, similar to the lake effect snowfalls around the Great Lakes, but this time over a lot larger area.
In all the climate change debate about global warming, nothing in the models fits this happening, but many creation scientists, believe that just more massive events as these, were the underlying reality that brought on the ice age after a period of warmth following the Biblical Genesis Flood.