Archive for the ‘Fiscal Responsibility’ Category

End Slavery!

May 15, 2010

Lamentations 5:7-8 7 Our fathers sinned, and are no more; and we bear their iniquities. 8 Slaves rule over us; there is none to deliver us from their hand.

This reminds of the debt burden that has become fashionable world-wide as a solution to immediate concerns at the expense of our children’s future. Essentially this is enslavement forced on others for the satisfaction of our immediate gratification.
Baby-boomers let’s unite, and rather than scrap for our rights, how about let’s speak up for our kids/grandkids future and insist that our government stop spending more than it’s taking in?

Advertisements

Perfect Storm?

May 11, 2010

The federal government estimates $1.4 trillion worth of commercial real estate loans will be coming due over these next 4 years.  Of these 1/2 are “underwater” meaning the loan exceeds the current value of the property.   With most municipalities also “underwater” in their revenue to budget there is not likely to be any property tax relief to help these struggling property owners.  In fact, the opposite will likely be true, resulting in cities and counties pursuing tax lien revenue from the distressed properties.   Will we soon be witnesses to the execution of the goose laying the golden eggs?  Wouldn’t a preferable solution be the downsizing of the governmental agencies (reducing costs) and a reduction of tax liabilities to assist the struggling property owners (and ultimately their tenants/customers – read, you and me)?   The choice looms large at all levels of government as we scan the horizon ahead.