You Will Suffer Long and Hard

My Flag Flies Everyday

My Flag Flies Everyday

The Sunday May 24 edition of the Chicago Tribune ran an article titled, “Adding Up What CEOs Made.”  The piece includes a list of the 100 top companies in Chicago and Northern Indiana, and the total compensation package the CEOs receive. Even though the title says “Adding Up…” it doesn’t really add it up. They only list 100 salaries, but I went to the trouble to input them into a spreadsheet to get the sum. I was curious to see what the flap is about the outrageous salaries being used to demonize Capitalism. The media has been busy barraging us with huge bonuses and salaries being paid. They bark the  need for regulation. This is truly the output of a socialist mindset.

I was surprised by the total of the top 100 salaries,  by the rate at which the salaries drop. Granted there isn’t a poor guy on the list, and the money they make in a year is more than most of us will earn in a lifetime. These CEOs lead companies that are producing and selling billions of dollars in products and services. Why is there such a penis envy of these leaders for their compensation? Are we envious? Do we want to lead the same life style they do? Do we want to work 24/7  to the detriment of our families? Why do we resent high salaries? The left leaning individual resents it because he truly believes the CEO and the company has made that salary off the sweat of his brow. Most employees will work forty hours per week at some incremental position stocking shelves or answering phones, or taking orders, but they are paid commensurate with the requirements of the position. What that employee doesn’t seem to understand is that his job is a commodity. There is a supply and demand for workers. The salary he is paid  is competitive with other companies who need the same level of skill.

The liberal also argues that the wealth paid to  CEO’s must be redistributed to those who are less fortunate. This is the reason for my article today. If we were to take all the money paid to the top CEOs in the country what magnitude of social spending would it  pay for?

Here are some facts and assumptions:

1.) The accumulative  salary paid to the CEOs of the top 100 companies in Illinois, as stated in the Tribune article, is  $559,940,329.00. This is a little more than a half billion dollars.

2.) Assume that every state in the union has a list of 100 top companies whose CEOs are paid the same. For the sake of simplicity let me use round numbers (50 x $600,000,000) = 30 billion dollars.

3.) Assume that I am too low and I am off by a factor of 10, the number becomes $300 billion dollars.

Wow! that is a lot of money, but wait, the TARP cost over two times that much, the stimulus package cost over three times that much,  and the proposed Federal Budget will cost over five times that much.

Here is my argument. We have just taken away all the money made by the top 50,000 executives in the USA and given it to the government to pay for it’s super duper programs, and we have barely paid for 11.4 % of it. Where will the remaining 88.6% come from?

Liberals don’t give up easy. They will argue that the remainder will come from taxing the companies that these CEOs lead. Okay, how many of these CEOs will work their ass off for $1.00? Even a liberal would have to agree that a salary of $1.00 per year would make life hard. Most likely, none of them would. They will quit, or let the company be run by the worker bees who believe it is by the sweat of their balls that the big money is made. (It will be interesting to see if the UAW can run Chrysler and compete in the world market.)

Actually, what will happen, is that none of the above will play out. The CEOs will continue to work for big money because that is the market value of their skills, and the Government will tax the living hell out of everyone to make up the money needed to implement thier utopian schemes. In the end, they will destroy the greatest country on earth and the deny the liberty of each and every one of us.

All of you youngsters out there who voted for “Change We Can Believe In,” have fun. I am near the end of my life cycle, and will not live to see too much grief.  You are going to suffer long and hard for your decision to take the country into this devastating direction.

Subtrafuge

Obama's Spending ChartIn my business, I was taught to look for places to cut costs. This is a graphic world. We can process information easier if we see it graphically. POTUS has been spending money like a drunken sailor, and it’s been bothering the heck out of me. The most recent dialog on the news concerns the massively huge bonus package being given to AIG out of the bailout money from the government.   I agree, one hundred sixty five million dollars is a huge amount of money. It is so large that most people can’t process the number. Most likely because many of us accumulate much less than a million dollars over fifty years of hard work.  Those who do amass that much can retire,  as long as they also receive Social Security. The population is angry that we donate our tax dollars to save a failed company, and then reward the men who caused it to fail with bonuses twenty times larger than a typical nest egg.

What I can’t understand is why the citizens of this good country aren’t upset with the antics of our elected  representatives. The chart above shows it clearly.  All I have done is graph the costs of the federal budget, and the various bailout bills next to the cost of the AIG bonuses. The left side of the chart is graduated in trillions of dollars. I ask you this; if  this chart represented your personal expenses, and you had to trim your spending, where would you look first? Which area would produce the most benefit if it were attacked looking for savings?  Do I have to explain further?  Lee Iaccoa, chairman of the Chrysler Corp wrote that he could cut ten percent out of any budget and no one would notice. Ten percent of the first bar on the chart amounts to three hundred and fifty billion dollars. Any one with a brain could trim that bar deeper than ten percent. If you have a job in manufacturing in the USA you are faced with making cuts of that nature everyday. There are many qualified people who could see where to make cuts. Most of these people are managers, accountants, and engineers. Do we have people from these disciplines sitting in the Capital ?  

Why then, are these morons in the White House and the Capital steering all the news toward the AIG bonuses. Do they think we are as stupid as they are? Do they think the people of the USA are so dumb as to not see through their subtrafuge. It is clear to me they are trying to deflect the news away from massive spending they call “Change You Can Believe In.”  

Here is something to think about; after spending all those dollars shown in the chart all we will have left is “change”  in our pocket.

Write Me In For President

 I just received an e-mail  with the following article authored by one Charlie Reese. I could not find him on Snopes, so I don’t know for sure if it is his. The piece does make sense, however. The sender added his comments at the end with his recommendations. My own thoughts are posted after the recomendations.

Sorry for the radical formatting, it’s just too much work to straighten it out.

545 PEOPLE
By Charlie Reese

Politicians are the only people in the world who create problems and then campaign against them.

 

 
 

 

 

 

Have you ever wondered , if both the Democrats and the Republicans are against deficits, why do we have deficits?

 

 
 

 

 

 

Have you ever wondered , if all the politicians are against inflation and high taxes, why do we have inflation and high taxes?

 

 
 

 

 

 

You and I don’t propose a federal budget.   The president does.

 

 
 

 

 

 

You and I don’t have the Constitutional authority to vote on appropriations.   The House of Representatives does.

 

 
 

 

 

 

You and I don’t write the tax code, Congress does.

 

 
 

 

 

 

You and I don’t set fiscal policy, Congress does.

 

 
 

 

 

 

You and I don’t control monetary policy, the Federal Reserve Bank does.

 

 
 

 

 

 

One hundred senators, 435 congressmen, one president, and nine Supreme Court justices  545 human beings out of the 300 million  are directly, legally, morally, and individually responsible for the domestic problems that plague this country.

 

 
 

 

 

 

I excluded the members of the Federal Reserve Board because that problem was created by the Congress.   In 1913, Congress delegated its Constitutional duty to provide a sound currency to a federally chartered, but private, central bank.

 

 
 

 

 

 

I excluded all the special interests and lobbyists for a sound reason.   They have no legal authority.   They have no ability to coerce a senator, a congressman, or a president to do one cotton-picking thing.   I don’t care if they offer a politician $1 million dollars in cash.   The politician has the power to accept or reject it.   No matter what the lobbyist promises, it is the legislator’s responsibility to determine how he votes.

 

 
 

 

 

 

Those 545 human beings spend much of their energy convincing you that what they did is not their fault.   They cooperate in this common con regardless of party.

What separates a politician from a normal human being is an excessive amount of gall.   No normal human being would have the gall of a Speaker, who stood up and criticized the President for creating deficits.   The president can only propose a budget.   He cannot force the Congress to accept it.

 

 
 

 

 

 

The Constitution, which is the supreme law of the land, gives sole responsibility to the House of Representatives for originating and approving appropriations and taxes.  Who is the speaker of the House?   She is the leader of the majority party.   She and fellow House members, not the president, can approve any budget they want.   If the president vetoes it, they can pass it over his veto if they agree to.

 

 
 

 

 

 

It seems inconceivable to me that a nation of 300 million can not replace 545 people who stand convicted — by present facts — of incompetence and irresponsibility.   I can’t think of a single domestic problem that is not traceable directly to those 545 people.   When you fully grasp the plain truth that 545 people exercise the power of the federal government, then it must follow that what exists is what they want to exist.

If the tax code is unfair, it’s because they want it unfair.

 

 
 

 

 

 

If the budget is in the red, it’s because they want it in the red.

 

 
 

 

 

 

If the Marines are in IRAQ , it’s because they want them in IRAQ .

 

 
 

 

 

 

If they do not receive social security but are on an elite retirement plan not available to the people, it’s because they want it that way.

There are no insoluble government problems.

 

 
 

 

 

 

Do not let these 545 people shift the blame to bureaucrats, whom they hire and whose jobs they can abolish; to lobbyists, whose gifts and advice they can reject; to regulators, to whom they give the power to regulate and from whom they can take this power.  Above all, do not let them con you into the belief that there exists disembodied mystical forces like “the economy,” “inflation,” or “politics” that prevent them from doing what they take an oath to do.

Those 545 people, and they alone, are responsible.

They, and they alone, have the power.

 

 
 

 

 

 

They, and they alone, should be held accountable by the people who are their bosses  provided the voters have the gumption to manage their own employees.

 

 
 

 

 

 

We should vote all of them out of office and clean up their mess!

 

Charlie Reese is a former columnist of the Orlando Sentinel Newspaper.

The e-mailer’s recommendations

What you do with this article now that you have read it is up to you, though you appear to have several choices.

1.     You can send this to everyone in your address book, and hope they do something about it.

2.     You can agree to vote against everyone that is currently in office, knowing that the process will take several years.

3.     You can decide to run for office yourself and agree to do the job properly.

4.     Lastly, you can sit back and do nothing, or re-elect the current bunch.

 Grumpa Joe’s Add:

I agree with the Reese essay on the problem in Washington. I also agree with the e-mailer’s recommendations for what to do about it. I have one reservation, however, each one of these people can be voted out, but how do we know that his replacement won’t be even worse? It seems to me that we all tend to vote for the lesser of two evils. If we the voter can determine who the most honest, ethical candidate is, then we could vote the present evil out.

    We have to demand that these guys make laws that allow us to fire them. If they fail to maintain fiscal responsibility, their paychecks should be used to make up the difference. They have to write laws that will require them to give a complete declaration of all personal income, and taxes paid. They have to begin living by a code of ethics that will make us trust them again, as we did in 1776. Only then can we vote them out, and expect to see “change” for the better.
    Recently, Governor Rod Blagoyavich (Democrat-Illinois) vetoed an ethics bill. His reason was “it didn’t go far enough.” I’m sure, had he signed it, as lame as it might have been, he would have been on his way to jail just a few weeks later. If these guys don’t start somewhere, how will anything better ever come about.
    I would be happy to run for office as a matter of civic duty. I would serve one term, and then go home. It should be that way. That means we need another law that limits a person from making public service in the congress or senate into a career. Vote ’em in, have ’em get it done, and send ’em home.
    Here is something else to think about. Make it illegal to use private (your own or another’s) money for campaigning. Give everyone who wants to run, a fixed dollar amount from the public coffers to campagin. Let the candidate decide how creative he can be with this money to get elected. The idea of spending two hundred million dollars campaigning for a job worth two hundred thousand is insane. We all know the candidates don’t do it because of their desire to “serve.” Its more like they do it to see how much they can “steal.”  
Write me in for President.

 

 

 

 

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