I assume that everyone knows about the inefficient, inflating Big Government and unaccountable States governments that are not managing payrolls and funding pensions. The Blues say passing laws and deficit spending will reduce debt and won't cost on cent. The Reds just criticize. In the recent August 2nd, Epoch Times, Roger Kimball published "Thoughts on the Swamp". I quote a few of his thoughts and suggest you read the whole article. If you don't subscribe to The Epoch Times you are missing the education that we all need for the third alternative to our two party, gridlocked Congress and State legislatures.
"The Swamp" is the bureaucratic Washington establishment, the alphabet soup of agencies whose personnel, thought unelected and largely unaccountable, run our lives right down to the latest permit, regulation, tax, fee, impost, and woke government requirement or interdiction. But it's also something more. The Swamp names an attitude, and assumption, about power, about politics, but also about certain basic human realities. Above all, perhaps, the swamp rests and feeds upon the progressive assumption that the mass of citizens are incapable of self-government. I call that assumption progressive because from the time of Woodrow Wilson on down to the latest Davos mandarin, the neo feudal bifurcation of humanity into the intellect and (ever the majority) subservient has been the guiding if unspoken nutrient".
"Here lies why Donald Trump, businessman and bureaucracy Brexit, President. Trump was the toxin that awakened millions of people, those who Hillary dismissed as deplorables. The swamp is both red and blue appointees that never leave Washington as the leadership shifts. They in fact, run the ship and avoid all responsibility for its failure. Aristotle wrote that "the good life of man was the end of the science of politics". Trump showed us how fond that idea had become. In brief, Trump was the agent of mass consciousness-raising".
What are the elements that are threatened by his approach to draining the swamp. First and foremost the financial accounting has to be changed to generally accepted accounting principles to clearly reflect the incompetence of having the largest business in the world run by attorneys, professors and scientists. The elite intellect that fails in any business because theory without practice always fails ... the CPA exam, of which I aced. Jerry Rhoads
The budget isn't the books. It is an estimate at best of what the business can afford, not its bible verse and factual results.
The GDP is an estimate of goods and services produced for our nation and overseas exports.
The stock market is a derivative bubble that can grow and crash in a matter of minutes with good or bad financial results of the USA.
The Federal Reserve is not the bank for the Federal Treasury or Budget to extend credit and debt, beyond what the revenues can afford (the 10th amendment).
The IRS is not a money making entity .. it is the collector of proven taxes, penalties and estimated taxes for future periods.
Accrual accounting isn't budgetary accounting of cash in and cash out generating a deficit or surplus ... it is reality compared to speculation.
The Federal, State and Local payrolls are for 22 million bureaucrats and military and first responder and educators totaling $1,9 trillion per year including accrued pension and health care costs. By far the biggest item on the State and Federal budgets.
The annual swamp budget of $4 trillion in Federal Taxes and $2 trillion in State taxes is far short of their expenditures of $10 trillion per annum. Plus a $20 trillion amortization for the $154 trillion unrecorded obligations for entitlements, Medicare, Medicaid, Social Security and the $1 trillion trade imbalance.
