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You heard it here first.  More on this later, but first all need to work to make hemp completely legal…  Hemp  is God’s gift to America, and I don’t mean when it goes up in smoke.  I am speaking of  fibers…

Begin educating those who won’t vote for hemp legalization….

The hemp plant is a renewable resource..

Hemp enriches the soil it grows in. …

Hempseeds and hemp oil are highly nutritious and delicious…

Hemp is the only plant that contains all of the essential fatty acids and amino acids required by the human body… (stop over-fishing).

It is an excellent option for vegetarians.

It’s quite high in some essential amino acids, including gamma linoleic acid (GLA), a very rare nutrient also found in mother’s milk.

Fishermen sprinkle hempseed on the water as an effective bait..

Songbirds will pick it out of the mix as they prefer it over other seeds.

Hemp is becoming a common ingredient in lotions and many other skin, hair, and cosmetic products.. (compared to toxic chemicals).

Hemp is an ideal material for making paper. It regenerates in the field in months (unlike trees which can take 30 years or more to become harvestable after planting.)…

It makes a fine quality paper that is naturally acid free and does not become yellow and brittle or disintegrate over time like conventional paper.

Hemp is also excellent for making rugs and other textiles.  Levi Strauss’ original denim jeans were made of hemp.

Hemp is the traditional rope making fibre due to its flexibility, strength, and resistance to water damage..

Hemp oil can be used to create biofuels to replace gasoline for diesel engines. Unlike fossil fuels, biofuels are renewable and produce less of the greenhouse gas carbon dioxide.  Diesel built his original engine to run on hemp oil.

Alternatives to plastic can be made from hemp… Hemp based materials can replace wood and other materials used to build homes and other structures including foundations, walls, shingles, paneling, pipes, and paint.

Hemp may look like marijuana, however it does not contain the active chemicals that cause mind-altering effects.  Politics have kept this gift from us.  When Dupont made nylon, it influence was used to suppress hemp production….

58,000 tons of hemp seeds were imported into America for paint products in 1935″ — Sherman Williams Paint Co.

Hemp produces the same amount of oxygen while it’s growing that it would use in carbon dioxide if burned as a fuel. Also, due to it’s leaf/root ratio (this can often be 10% roots vs 30% leaves), hemp can produce between 20% – 40% more oxygen than will be polluted.

Thomas Jefferson himself said, “Hemp is of first necessity to the wealth and protection of the country.”

The draft of the Declaration of Independence was made on hemp paper….

The first American Flag was made of hemp.

If hemp cross-pollinates with marijuana, it creates a lower THC marijuana, not a smokable hemp… Illegal growers will not grow near hemp farms because it practically destroys the effectiveness and marketability of their product.

Fabrics made of at least one-half hemp block the sun’s UV rays more effectively than other fabrics..

The US Drug Enforcement Agency classifies all C. sativa (hemp) varieties as “marijuana.”  Hemp was grown commercially (with increasing governmental interference) in the United States until the 1950s. It was doomed by the Marijuana Tax Act of 1937, which placed an extremely high tax on marijuana and made it effectively impossible to grow industrial hemp…

While Congress expressly expected the continued production of industrial hemp, the Federal Bureau of Narcotics lumped industrial hemp with marijuana…

Because of its low lignin content, hemp can be pulped using less chemicals than with wood…

It is naturally resistant to most pests, precluding the need for pesticides. It grows tightly spaced, out-competing any weeds, so herbicides are not necessary. It also leaves a weed-free field for a following crop…

Today it is clear that these beginnings of “the war on drugs” were pushed into being by the newspaper, cotton, and petroleum industries, all of which had much to fear over being competitive with hemp…..

Finally, a word of wisdom from our founding father…. “Make the most you can of the Indian Hemp seed and sow it everywhere.” — George Washington 1794

 

 

 

 

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Delaware's Heroes For What

We hail our fallen heroes.  Hopefully many of you stirred some dull roots with spring rain today:…  memories, both a blessing and a curse.

But for whom did they die?

Did they die for….

Top 5 Contributors, 2009 – 2014,       Campaign Cmte and Leadership PAC      Contributor      Total Indivs PACs
AstraZeneca PLC                                                                     $71,550                                               $36,550               $35,000
JPMorgan Chase & Co                                                          $58,200                                              $33,200               $25,000
Ashland Inc                                                                                $55,420                                              $25,700               $29,720
Blue Cross/Blue Shield                                                      $46,000                                                  $6,000               $40,000
Bank of America                                                                     $40,440                                                 $3,940               $36,500

Those were Tom Carper’s top 5 contibutors……

Or did they die for….

Top 5 Contributors, 2009 – 2014,        Campaign Cmte and Leadership PAC     Contributor           Total Indivs PACs
Young, Conaway et al                                                        $121,300                                            $121,300                     $0
Skadden, Arps et al                                                              $92,600                                             $87,600                       $5,000
Grant & Eisenhofer                                                              $70,049                                              $70,049                       $0
Comcast Corp                                                                         $69,200                                            $44,200                       $25,000
Morris, Nichols et al                                                            $57,550                                              $57,550                        $0

Those were Chris Coons’ top 5 contributors……

Or did they die for…....

Top 5 Contributors, 2013 – 2014,       Campaign Cmte and Leadership PAC     Contributor           Total Indivs PACs
Investment Co Institute                                                $12,500                                                 $8,140                            $2,500
Skadden, Arps et al                                                            $10,640                                                 $8,140                            $2,500
National Multi Housing Council                                $10,500                                                 $0                                     $10,500
Bank of America                                                                  $10,250                                                 $750                                 $9,500
AstraZeneca PLC                                                                 $10,198                                                 $250                                 $9,948

 

These are John Carney’s top contributors……

Our state relative to nationally, is actually on the good end of campaign contribution spectrum.  Nothing here, is really out of line. You should see some in other states…

But let us isolate by industry…..

For John Carney…. 

Top 5 Industries, 2013 – 2014,       Campaign Cmte and Leadership PAC       Industry Total           Indivs PACs
Insurance                                                       $96,520                                                                   $2,820                     $93,700
Securities & Investment                          $93,000                                                                  $1,500                     $91,500
Lawyers/Law Firms                                  $59,110                                                                   $45,610                     $13,500
Commercial Banks                                    $49,000                                                                  $1,250                       $47,750
Finance/Credit Companies                    $43,250                                                                  $5,250                      $38,000

For Chris Coons…….

Top 5 Industries, 2009 – 2014,      Campaign Cmt                                                Industry Total             Indivs PACs
Lawyers/Law Firms                                  $1,495,387                                                    $1,341,519                    $153,868
Leadership PACs                                        $512,900                                                           $0                              $512,900
Lobbyists                                                       $345,302                                                       $325,472                        $19,830
Securities & Investment                        $296,800                                                       $235,300                      $61,500
TV/Movies/Music                                     $228,157                                                          $163,800                       $64,357

For Tom Carper……..

Top 5 Industries, 2009 – 2014,       Campaign Cmte                                            Industry Total               Indivs PACs
Insurance                                                     $371,710                                                          $94,470                         $277,240
Securities & Investment                        $320,340                                                      $125,840                       $194,500
Lawyers/Law Firms                                  $294,382                                                       $170,761                        $123,621
Lobbyists                                                        $214,262                                                     $207,042                            $7,220
Pharmaceuticals/Health Products      $207,710                                                      $50,300                         $157,410

And now, in what I believe is the first time ever…. here is the combination giving you an idea of who influences our 3 man delegation…  Compiled by adding together all three’s industry totals listed above and then ranking them top down…..

 

Lawyers/Law Firms   ……………..    $1,848,879

Securities & Investment …………….   $710,140

Insurance…..,,,,,,,,,……………. , ……   $668,257

Leadership PACs ………………………. $675,400

Lobbyists  ………………………………,…$568,779

Pharmaceuticals/Health Products $486,108

Commercial Banks  …………………….$435,240

TV/Movies/Music……………………….$292,067

Finance/Credit Companies………….$208,865

========

And that is who owns our delegation….  Just seeing the visual makes it clear why some of the anti-people votes cast by this delegation, … are ever cast at all….   No, contrary to how we exclaim… They are not insane.  They are practical….

It will get worse with McCutcheon passed…

Already the amount of dark money as shown by tallies done by the Center for Responsive Politics show that nondisclosing groups have already reported spending more than three times as much as they had at this point in the 2012 elections — a presidential cycle when higher spending would be expected.”

Did you get that?  The unprecedented spending done in 2012, a contested presidential year, as of now been tripled over the same point of time back in 2012…….. . And it is both sides. In the past dark money was 80% Conservative, 20% Liberal.  Today (2014), it is 60% Conservative; 40% Liberal…   Spending by liberal nondisclosing groups is more than four times higher than it was at this point in 2012, while their conservative counterparts have tripled their previous spending level……

Which means, no tv watching this summer… and social media will become a real turn-off….  Both mean that most of America will tune out this election…  Thank you, Supreme Court…..   What were you smoking?

And if most of America tunes out this election,   it again begs the moral and serious question…. for whom did they die?  Certainly not us.

Delaware's Heroes

 

 

 

 


Courtesy of Dallas Federal Reserve Bank

A very conservative bank, in a very conservative state, came up with a very conservative total on how much damage Republican policies cost the once great United States of America. $14 Trillion.

When even very astute conservatives blame their own policies for RUINING the financial health of this nation, one has no choice but to take notice.

$14 Trillion. How much is $14 Trillion? 7 years of total Government spending, INCLUDING all the entitlements involved with Social Security, Medicare, and Veterans Benefits. How much is $14 Trillion? $14 Trillion would pay off every mortgage existing now in the United States of America. It would pay off the entire student college loan debt fourteen times over! How much is $14 Trillion? it would pay down 7/8ths of the entire National Debt! How much is $14 Trillion? It is 7/8ths of our yearly GDP, seven eights of every single dollar spent per year in the USA by you, me, our rich uncles, our poor aunts, and our government….

That is how much the Bush Era cost America…. $14 Trillion.

So let’s look at this once touted Republican agenda.

Did the tax cuts work? No, they cost us $14 Trillion.
Did deregulating derivatives work? No, they cost us $14 Trillion.
Did less regulation of the financial sector work? No, it cost us $14 Trillion.
Did funding two wars and Medicare Prescription Drug benefits by borrowing money work? No, they cost us $14 Trillion.
Did it work to give banks huge incentives to invest dangerously? No, it cost us $14 Trillion.
Did it work to pass laws forbidding workers to strike? No, it cost us $14 Trillion.
Did de-regulating oil hedge funds work? No, it cost us $14 Trillion.
Did cutting back government spending work? No, it cost us $14 Trillion.
Did removing limits to keep down the scalping of student loan interest rates work? No, they cost us $14 Trillion.
Does keeping minimum wage at low slave levels work? No, it cost us $14 Trillion.
Did re-making our medical care into a for-profit system work? No, it cost us $14 Trillion.
Did subsidizing Halliburton with $39.5 billion work? No, they cost us $14 Trillion.
Did letting the rich get richer; forcing the poor to get poorer, work? No. It cost us $14 Trillion.

Just think. Back in 2001 when Republicans began pushing their tax policies, did you know that doing so would begin to cost us 8 years in our future, $14 Trillion? 7/8ths of our nation’s yearly output? If you read the Congressional Record from back then, the Democrats and the CBO certainly did, though their lowballs of $10 Trillion came in a little under. But it was rather obvious that tinkering with the Clinton dynamo would be risky, that things were working so well, that getting to the destination of having a national debt at zero ought to be achieved before we began going the opposite direction.

But Republicans always when given a choice, choose to respond to lobbyist’s entreaties of support, instead of looking for support from everyday normal American people, so those warnings were all for naught.

And unfortunately still are. Even after a conservative bank, in a conservative state, published their conservative estimate, that the Republican policies cost this nation $14 Trillion Dollars….

In their own words….

“It is crucial to identify the primary causes and implement effective policy to avoid future episodes whose magnitude could exceed even the staggering costs and consequences of the most recent financial crisis.”

That primary cause back then, as well as today, is any policy Conservative! Especially those of the Tea Party!

There are two choices before us:

One, we tax the top 1% and live the quality of life we deserve…..

Two, we continue the tax cuts, allowing the top 1% to not pay their fair share in taxes, and continue the quality of life we’ve suffered since 2001..

Simple microcosmic view: find a pothole in today’s state road system… You can’t, it’s covered up with stimulus funded new pavement… Nice, crisp, sharply painted blacktop, as far as the eye can see….

Compare that to the Bush Era… Potholes galore and getting them fixed was like pulling teeth…

Now pull back and look at your entire lifestyle with all it’s moving parts…. first see one where everything outside your control is operating smoothly like clockwork ( a Visa commercial comes to mind), and the other where it is all cacophonous and catastrophic…..

So, in which type of lifestyle do you prefer to live?

Decide and vote.

Today the White House issued this Executive Order.

“Should the debt ceiling not be lifted in time by May 16, in order to prevent the Treasury from running out of funds, I am hereby using the emergency powers given to the Chief Executive by the Constitution, to temporarily suspend the Bush Tax Cuts until: 1) either we can legally borrow the funds to continue paying on our commitments, or 2) we bring our debt down to the 2008 level by having much more tax revenue pour in.

This is in effect, immediately, and I have instructed the IRS to recalculate all 2010 tax forms over the level of $2 million dollars, and asses those individuals and companies, for the differences.

We must take this action because Republicans want to pay politics with your lives. As Chief Executive, I am responsible to you, not them. I won’t let that happen.

With these tax cuts out of the way, and with our austerity programs already in effect, that windfall of profit the Treasury will receive, will be entirely funneled towards the paying off our debt.

This policy will continue until Republicans can act reasonably and in a productive fashion.

Barack Obama.

1. Proximity to one of the top research Universities in the country..

2. Well trained work force, ex Chrysler, GM, DuPont, Siemens,

3. Good relations between unions and management at all Delaware companies.

4. Proximity to Dupont Headquarters.

5. Delaware’s Corporate Legal System.

6. Delaware’s own underutilized and “cheap” access port for import and export ocean traffic .

7. Close proximity to the moneyed and power towns of Washington, New York, Baltimore, and Philadelphia, which is good for investor relations.

8. Nearby beach as incentive to draw top engineers from around the nation.

9. Soon to be built, cheap offshore wind power, which will help to moderate utility costs against the ever rising price of coal and natural gas.

10. By getting foot in Delaware’s door, GE could have an inside track at building and installing their top rated turbines off Delaware’s shores…

GE is looking for somewhere to build a new solar plant... Not one requiring tons of sun, but a place to manufacture the thin film necessary for the exchange of electrons necessary to make electricity. Driving down the cost of this film, will drive down the cost of solar electricity.. The lower the cost, the more it will be used, meaning less coal will be burned….

Lower Delaware is the best place in the nation for it.

.. and thanks Nancy for bringing this to our attention…. 🙂

As the logo suggests:  A good thing for the environment
Photo courtesy of the Telegraph

George Bush was considered a good leader after we had just gotten socked by 17 people in four hijacked airliners, when he picked up a megaphone and set the war against terrorism in motion…

They'll hear this

Fact: that war has diminished terrorism.

Today we are fighting in Afghanistan against Afghanistan people who think we and what we offer, are not the best thing for their future…

They have that right, just like you or I would have that right if an uncertain future were being imposed on us, as say 30 years ago, was portrayed in the movie Red Dawn…. But although the words terrorism get thrown about, …. most of us honestly think far less of terrorists now, than we did even during the most glorious days of the Clinton reign…..

I will say that is a success, one which can be measured by a quantified analysis of results. The US achieved success by diminishing global terrorism. Pretty unbelievable, based on the paradigm of the world we had 10 years ago….

But where I’m going with this,…. is that an event happened that impacted American prosperity, and everyone got together to overcome it…

Today, dead plant and animal material of 250 million years ago, is being forced out at high pressure into an underwater basin. Oil is washing up on shore; oil is creating a desert of life where once life thrived…

The equivalent of 9/11 would to not just simply go after BP, but to go after all of terrorism or in this case… dirty energy…. A real leader doesn’t solve a problem. He changes the paradigm….

What we need to do, is to leverage this unfortunate blemish upon the practices of the past, into a understanding and movement towards weaning ourselves off “dirty energy”….

Today, Obama did just that…

“We cannot consign our children to this future. The tragedy unfolding on our coast is the most painful and powerful reminder yet that the time to embrace a clean energy future is now. Now is the moment for this generation to embark on a national mission to unleash American innovation and seize control of our own destiny. ”

The time to embrace a clean energy future is now……

Sunrise on offshore Wind Farm

Two years ago, Delaware was poised to be the first state to have off shore wind… Legislation was passed, signed… the investment firm was pumped up… and then…. Babcock and Brown… collapsed.

The tragedy in the Gulf ….like a boot camp bugle too early in the morning, means that at this moment… we need to jump up, and go forward with upgrading the plans and building a 600 MWh wind farm off the Delaware coast…

Since private investors can’t handle it… we need a government who can…

We set a very similar precedent seventy five years ago…

Between July 1933 and March 1939 the PWA funded and administered the construction of more than 34,000 projects including airports, electricity-generating dams, aircraft carriers, and bridges, as well as 70% of the new schools and 1/3 of the hospitals built between 1933-1939. Some of the most famous PWA projects are the Triborough Bridge and the Lincoln Tunnel in New York City, the Grand Coulee Dam in Washington, and the Key West Highway in Florida.The PWA also electrified the Pennsylvania Railroad between New York and Washington, DC. The PWA did not create as much affordable housing as supporters would have hoped, building only 25,000 units of in 4½ years.

Those necessary structures today, would not be there without the Publc Works Adminstration. Simply put… It’s goal was to spread big bucks, on big projects… There is some argument that these expenditure did little to alleviate the Great Depression. The geography of the problem was too great: the solutions too small.. Only with the outbreak of WWII and Roosevelt’s realization that deficit spending was now mandated, did this nation begin to work its way out of the Great Depression.

Now try to imagine getting into New York today without either the Lincoln Tunnel or the Tribourough Bridge… Try imagine Boeing in the Northwest developing without the cheap power off the Columbia River…. Try imagine the US developing the atomic bomb without Oak Ridge, a subsidiary of the TVA…. Try imagining the Empire State, without the public funded Niagara Power Project, which held the price of power consistently from 1961 to 1981…

In each case, the long term benefits to the community far outweighed the benefits caused by just the new jobs alone…

Therefore it is time for us to do the same with Wind and Solar…

Private investment is stalemated; the active engine of the economy is (like it or not), the federal government…

For as little as 2 billion, we could begin construction within a year. The dreams of developing a wind farm construction-center right here in New Castle County, would again take wing. The dreams of importing the brains of energy to set up homes in Delaware, would once again become reality…

$2 Billion spread over 20 years… averages out at $100 million a year… Getting a return on that investment with wind energy, would be fairly simple… Between jobs, economic growth, full governmental coffers, and very cheap electricity for all… we could easily show that investment to be worthwhile…. And not to mention, were we to clear a little of our air, who can guess how much of a medical saving each household would garner?

But dreams mean little without action.. Now is the time to begin the pursuit of landing a large government contract to begin off the coast of Rehoboth as soon as possible..

We all know it works. Evidence as been there in the above structures… all our lives… We just need to do it….

So…

Do it.

……. and if that happens…. this BP disaster will have been a good thing in the long run…..

I know a women who once when the doors of her train opened accidentally, got up and pulled her husband off the train… In doing so, she stepped out on the platform in Vienna, and thereby escaped Communist suppression for the rest of her life…

Four years ago, she had polyps in her breast. She immediately underwent radiation and beat it. Until now.

If today’s experimental treatment does not work, she will undergo a mastectomy next month and reconstructive surgery. It will be a shame for she has some of the most beautiful breasts … They’re truly a natural wonder.

But the point I’m making is…. when dealing with cancer… you nip it in the bud… You don’t play around.. You take necessary corrective action…

There is a deadly cancer in Delaware’s blogworld today. You may have read something about the Caesar Rodney Institute. It too is a cancer; it too needs excised before it spreads its spores and contaminates our General Assembly and local idiots like Ron Williams…

WTF is a Caesar Rodney Institute?

The answer is two words: Garrett Wozniak…

WTF is Garrett Wozniak?

Hmmmmmmm… let’s take a look together… shall we?

If we pull up Linkaden’s page, we see his prime qualification is:

Campaign Manager at Citizens for Copeland

Oh.. so that’s what makes him an expert in all things political… But wait… who is that guy Copeland? Isn’t he that guy that just disappeared after last November 4th?.. Vanished into thin air? …

Sounds familiar… Hmmmm… Copeland…..Copeland…. Copeland…. Where have we heard that name before… hmmph..

Wasn’t he that silly politician who insisted we should put oil rigs off of Rehoboth Beach? No couldn’t be, for no one here in this state is that stupid… Oil Rigs off Delaware’s number one tourist site… Oil rigs off Delaware’s premier money making site? Never? There’s a no brainer…

Wasn’t he that silly politician who stalled the wind deal so Delmarva Power could charge us 60% more for our electricity? Wasn’t he that person whose approval was required before our state paid out $35,000 so Richard Speck could lynch Arnette McRae on the public stand; she of course being the one in charge of Delaware’s Public Service Commission, and therefore the one responsible for running the best open aired RPS this state has ever seen? So open, in fact, that Delmarva Power’s lies were exposed for all to see for what they truly were? lies?

Wasn’t he that silly politician who said he founded the Challenge Program, only to have Tommywonk say… uhn uhn… wasn’t so?

Wasn’t he that silly republican who begged Bill Lee to run for governor and then handed out flyers telling Wilmington blacks to vote for Obama, Markell, and himself? Selling his own friend down the river? lol.

Wasn’t he that silly republican who spent lavishly at Wilmington’s black churches thinking their votes could be so readily and cheaply bought? lol

Wasn’t he that silly republican who gave his support to Thurman Adams, delivering to him in January 2007, the entire Republican caucus in his favor, and only after that deed was done, did he begin championing the cause of open government once he knew it could never happen? lol

Wasn’t he that silly republican who believes even when proven wrong, that resolute determination can undermine actual facts proving the contrary? lol

If that’s the same Copeland, that Garrett Wozniak supported, then it is hard to take him seriously… is it not? Oil rigs off of Rehoboth… What a card… lol

So what is it that makes Garrett Wozniak an expert? What is it that gives him credibility? Shall we take a look together?

* Campaign Manager at Citizens for Copeland
* Policy Director at Delaware House of ‘Representatives
* Executive Director at Delaware Republican Party

Obviously his view are a little one sided.. Results are thus. These are facts now… not some policy dribble… Hard solid evidence…

As campaign chair, he barely mustered 38% of the vote for his candidate…. as my little kindergardener often says of his elders:FAIL
Even outspokenly gay John Brady received 41% of the vote… Wozniak’s candidate couldn’t even muster that amount…

Policy Director of Delaware’s Majority Party at Delaware’s House of Representatives. That means Republican caucus of the House of Representatives… As policy director of the majority party, nothing of importance was passed in two years that could get by the Senate. As they say at that other state blog: FAIL Consequently, voters rejected Republican candidates in November giving Democrats a plurality, (until Thornberg’s friends threw out Paradee’s win).

Executive Director of Delaware’s Republican Party: As echoed across the tabulations of every voting booth across this state: FAIL
They lost by the largest margin ever in recent memory of anyone living or dead… Sort of like trusting the manager of the Cincinnati Reds to write a book outlining the strategy of winning a baseball game… lol

So we see under the profile of Gary Wozniak, what he is familiar with:

Extensive experience in all aspects of project management including supervising, fundraising, developing marketing strategies, organization/time management and researching federal and state laws.

I’ll let you be the judge of whether he was successful at any of these?

And he sums up his credentials here…

Thorough knowledge of fundraising techniques, managing donor relations, and database management

Was this their most successful year ever? The results are in: you be the judge.

He goes on…

Able to work independently and collaboratively on multiple projects
• Have established positive relationships with most members of Delaware’s General Assembly regardless of political affiliation

Again was this their most successful year ever? The results are in? You be the judge.

PROJECT MANAGEMENT/FUNDRAISING EXPERIENCE
• Responsible for statewide communications, fundraising, strategy, policy research, and general management/operations
• Successfully raised between $700,000 in a six month period
• Managed a budget of $800,000
• Supervised a staff of three employees and coordinated over 100 volunteers
• Created and implemented a district operations plan to allow legislators to more effectively and efficiently communicate with constituents
• Coordinated local campaigns, consulting on policy, budgeting, and strategy for over 30 candidates
• Served as Operations Manager responsible for budgeting, directing all fundraising efforts, developing finance plans and initiatives to grow the organization, and strategic planning
• Drafted press releases, legislation, and speeches; responded to constituent concerns; and planned events in a highly competitive non-partisan internship
• Developed comprehensive plans for municipalities

So how’s he doin’ now?

So why should we even listen to Garrett Wosniak and the Caesar Rodney Institute’s ramblings?

Garrett Wozniak’s Education

*
University of Delaware

MPA , Financial Management & State and Local Management , 2004 — 2006
*
Towson University

B.S. , Economics and Political Science , 2002 — 2004
*
Montgomery College

A.A. , Business Administration , 2000 — 2002

Because since high school graduation, his entire adulthood has only lived through the Republican era… He was only a baby of ten when Clinton cleaned up the former Republican’s mess and barely 18 when he turned it over to the new generation of Republicanism to squander it away to nothingness…

He can’t help it… He simply not old enough to know any better…..

But wait a second… His entire age group overwhelmingly voted for change. Most of his age group does indeed know better…. What’s up with that?

Below are some wise words which should be applied to the Ceasar Rodney Institute the next time they meddle with state policy. For instead of being a thoughtful, introspective, outreaching organization that was dedicated to examining complicated issues to help educate the rest of us, we have a close-minded attempt by a failing philosophy to masquerade a voter rejected policy as intellectual fact….

“A cancer must be removed as soon as possible before it spreads and infects surrounding healthy tissue”.

The question is, with what breaking entry does one return back to the fight?

The answer is this one:

The union of two separate energy stories that my generator spit out back to back. It had to be a sign….

Out of all or today’s news feed the headline that jumped out strongest, and caused me to click into the story it provided, was this one:

Students Build Hydrogen Vehicle That Gets 1,336 MPG

Far more implication for our future lives just radiates out of that title; far more than the balancing of the Supreme Court, the death of Republicanism, or the wonderous WDEL broadcast emanating out of Rick Jensen’s spot this afternoon…..

Cost, climate, family incomes, jobs all the stuff we deal with daily, are impacted by that title.

Serendipitously speaking the next headline showing underneath was this one:

Urine: The Hydrogen Fuel of the Future?

Yes, … I am officially back.

If we could owe this debt to ourselves instead of others, we’d be rich from all the compounded interest we’d be paying back… — kavips

There is nothing that a strong dose of morphine can’t cure…. at least to the person receiving the injection ….. Damn… No legs…. Ahhh… no problem…..

Obviously the long term plan is the one we need to tackle first, so short term fixes like the one above, are seen as steps in the right direction, and not random neural contractions found during a soon-to-be-eaten chicken’s last minute.

Long term:

1) We need to spend within our means, both personally and as a nation.

2) We need to pay down the deficit, reducing our national interest payment.

3) We need to control our spending on entitlements: Social Security and Medicare.

4) We need a better trade balance with our trading partners.

5) We will need more cash in order to do all of the above.

We have been lulled into believing that we can spend money that we do not have… Hell we’ve been doing it for 8 years now… We did it for twelve years before that, starting with Ronald Reagan. And it was working fine up until late September…. Why can’t we keep on the same path?

As we have now found out, there is a small problem with taking out loans…. It’s called paying them back. To pay back a loan, some of the money that you are currently making needs to go back to those who invested in you at the beginning. Wait you say… why can’t we get more people to invest in us, and use that money to pay off those who invested in us earlier?

It’s been tried. And someone Madoff (made off) with a lot of other people’s money by doing just that. But eventually somewhere along the line, one cannot find enough new people to pay off the old, and crash, the system collapses.. Sort of like our Social Security system today ….

So if we have a loan, we have to pay it back?

Yes, that seems to work best. Although often loans can be forgiven after it becomes clear that they will never be repaid, and that further attempts to repay will collapse the entire pyramid where everyone loses everything… In those cases, sharing the risk by writing off some of the debts, allows one to begin making money again at some point in the future…..

But choosing to default, or not paying off the loans, also makes it impossible to get loan money later when you really need it.

So how much do we owe?

That depends on how you want to count it.. When you get a loan, there is a price tag attached that is called interest. One pays back the loan plus the interest to the party that fronted the money. After all, that is why people lend money in the first place… to make more of it… So if you bought a loan for $100,000 dollars, you could pay $100,000 the next day and be done.. That is one way of counting how much you owe. But, over time, that house you are buying is going to cost you 2.15 times its amount, because of compounded interest. So saying that you owe $215,000 is also correct….

The current U.S. obligations as of September 30th..( before any of the bailouts were passed by Congress) stood at 56 Trillion dollars. Every man, women, and child now owes $184,000 dollars. If we pay that back over 10 years, that is $18,400 per year of our income going just to the Federal government. Which means that if your family is struggling on $60,000 a year right now, that you had better start planning on how you can survive on $41,600 over the next ten years.

It may not be as bad as it seems. If free health-care becomes a reality, a yearly out of pocket savings of $7800 is a step in the right direction. Now we have just $10,600 to make up…. And if we cancel further investments into our 401 K for ten years, depending on how much you put in yearly, that accounts for somewhere between another $2000 to $10,000 dollars of which you will soon be out of pocket.. One had better hope that Social Security is still there for you when you retire…..

This is not something we have options on. This is a reality that must happen. Of course we can choose to pay it out over a longer time frame and survive with less money leaving our household per year, but over the span of a long time, we will ultimately pay a lot more… It seems better to knock out the debt, learn to live within our means, and once that debt is paid, prosper again after hopefully having learned our lesson over not paying as you go…..

That means that any new money pouring in from the “tax to the max”, must all be designated toward paying down the debt, and not be split off to other much needed projects. That is a hard choice to say no to… but once all debt is gone, less money will be required to be collected to fund those projects on a pay as you go basis. Our tax burden will be much less, giving us more money to spend, yet we will have ample money to fund the projects being built. The economy will grow in that scenario.

Of course this $184,000 is a shock figure designed to wake America up with a dose of reality. A bulk of the repayment will be paid back in the form of corporate taxes… starting as high as 50% and climbing perhaps to 90%. But the American consumer eventually also pays for those in the higher cost of each item he buys, since that payment will be embedded in the price he pays at the cash register.

The corporate rates mentioned above, were the same levels applied to corporate incomes after WWII, which continued and were not relaxed until under John F Kennedy’s administration. Over this time frame, corporations will have to settle for just being in business. After all,… that is what most small businesses do; they are grateful each day they open their doors. There is going to be a new reality that permeates the American corporate business world.

The essence of our nation’s problem is that we have lived off a credit card; one that will be paid by our children and grandchildren. And it has not just been our government that has done so.. Private debt, corporate debt, as well as government debt have all elevated our spending beyond where it should naturally be. This has been going on for so long that most investors thought that this debt/GDP ratio could continue rising indefinitely without ever overwhelming the economy and corporate earnings. In fact, the way it kept growing, we also started wondering if this could also go on forever. The total debt in round numbers is almost $52 trillion. This was not much changed this year due to the credit freeze, but rose $4.3 trillion in 2007, which was over 5 times the rise in GDP. The composition of the debt is $25 trillion in Corporate debt-both financial and non financial, $14 trillion in Household debt, and $13 trillion of Government debt-Federal and State & Local) and the GDP is $14.4 trillion. These debt composition numbers are rough estimates but all would agree that we currently owe 3.6 times our entire GDP….

This debt cycle really started in the early 1980’s when the U.S. savings rate peaked at over 10% and continued downward until this year when it troughed at a negative savings rate. People once again spent everything they made and then some last year, pushing the U.S. personal savings rate to the lowest level since the Great Depression more than seven decades ago.

As anyone who has been on the wrong side of debt can tell you, once the savings rate goes negative, it becomes a lot harder on the next round to change it. For then we have to pay charges on that amount which we spent beyond our means… So not only do we have to cut back to live within our means, but we need to further cut back in order to live within our means AND pay back those pesky charges…..

Under compounded interest any wait to pay back the cost is expensive; sooner is better than later. If we borrow a dollar and are charged with 3% interest, we pay back that dollar and the three cents of interest we owe… If we wait one year and are charged 3% on the dollar-and-three-cents we owed but did not pay back, we now owe a dollar and six cents. That may not sound like much, but when it comes to big numbers, that 3% on our national debt of 10.6 Trillion, becomes $318 billion dollars. One chuckles when Republicans find themselves up in arms over bailouts costing these amounts, but yet when the same figure is just interest, it is just considered the price we pay for living “la-de-da” beyond our means… At 3%, want to know how much interest we will pay on just that 3% interest itself, if we skip a year? $9.8 billion just to pay the interest, on the interest, that we are too broke to pay… “Deficits don’t matter” said Dick Cheney. When no one has money… where do we find that additional $9.8 billion to cough up?

But debt can be eradicated. Here is proof from a fellow posting his strategy.. It is a personal story to be sure, but it shows the proper mental attitude that must be created if one is about to embark on changing his lifestyle for the better….

Just the numbers of consumer debt are startling…. U.S. Household debt soared from 4.2 Trillion in 1990 (the first Bush president) to $13 trillion in 2008. During this period, the average American household dramatically increased its home mortgage debt, from almost $2.5 trillion in 1990 to nearly $10.5 trillion today. Similarly, consumer “revolving” or credit card debt quadrupled from $239 billion (B) to about $950B today. Moreover, the growth of U.S. credit card debt is substantially under-reported by the official U.S. Federal Reserve statistics, due to the tremendous volume of mortgage refinancings that were transacted between 2001 and 2005. At least $350B in consumer credit card debt was paid off through mortgage refinancings, home equity loans, and cash proceeds from the sale of real estate over this five- year period. This is consistent with the findings of Alan Greenspan and James Kennedy, who report that equity extraction was used to repay an average of about $50 billion of mortgage consumer debt between 1991 to 2005, about 3% of the outstanding balance of that debt at the beginning of the year.” Significantly, it averaged only $25.2B per year prior to 2001 (link to Manning’s work)

So how do we responsibly pay down our national consumer debt? Judging from the data provided above, it cannot be done. But a reasonable approach would be to isolate consumer debt into three categories: a) Chapter 7 Bankruptcy; b) substantial debt relief in the range of 60 to 80 percent; and c) repayment of the full balance over a 5 year credit management plan. The first category (a) is for those right on the edge; we know bankruptcy is inevitable, so we get it done and over so that they can start their ten years of rebuilding their credit as soon as possible. The second category (b), is a win win for both lenders and debtors. Just enough of their debt is forgiven allowing them to be debt free in 3 years.. The third category (c) is solvent enough to pay all their debts over a 5 year period on a managed plan. As is done with any bankruptcy, applicants for these programs are mean tested to determine into which category they fall … We can dream that all debts may someday be repaid. That is unrealistic. A practical approach moves forward, determining which debts are solvent and which are not, expeditiously processing those that are not, and in just a short time, all debt is secured and we know what our economy has to work with. No more surprises.

You can determine how your family finances can be resolved by using this calculator provided by the same Manning mentioned above.. I recommend that if you have unsecured debt, you play around with the credit card repayment section, seeing the differences that occur if you contributed your coffee fund, you movie allowance, your HBO bill towards paying down your credit card debt. Those little totals often taken for granted, can make years of a difference in pulling yourself out of debt.

We often hear pontificating towards our governments, local, state, and federal, end with the admonishment that since American consumers live within their means…. why can’t the federal government do so as well…

That is not exactly true. We do a lousy job compared to our parents.

They and their parents bought savings bonds… Which brings us back full circle to our best idea of paying down our national debt… What if a percentage of everyone’s pay check went toward buying themselves savings bonds. Unlike a tax, at the end of maturation, they get the entire bond returned to them with nominal interest tacked on.

Kind of like our parents and grandparents implemented for us growing up. A forced savings plan… “Oh but I want to spend it….” “No, we’re putting it in savings”… With this plan, like a tax, the government has access to increased funds, but unlike a tax, it pays us back. This has three things going for it.

One it helps us save. The American saving’s rate was negative last year. That means individuals spent more than they had… Obviously when the time comes to pay it back, it will not be good for the economy.

Two it provides a intermediate source of funding for our government. Instead of cutting taxes, this plan augments taxes… Since the money must be paid back upon maturation, the government needs to get a rate of return higher than what it is paying back..

Three. Using this money to decrease the Federal deficit, is a win win for all. Essentially we are using this program to buy up our own stock. It will be us who have control over our nation’s destiny, and not…. it’s foreign creditors…. Applying the entire amount bought in this fashion, to paying down our National Debt, will give us lower taxes in the future. The legislation initiating this program could earmark all revenue from these mandatory bought savings bonds, go towards decreasing our National Debt.

It will take great leadership to change our behavior. The bully pulpit is needed now more than ever. Since the 1980’s, we have funded our economy by borrowing. Anyone can be given an unlimited credit card and then tell us he is living well. For a long time this nation has placed the acquisition of corporate profits as the prime gauge rating the welfare of our nation. Now, with acknowledgment that it will take 4 years of GDP to pay off all debt, private, corporate, and governmental, we understand our predicament.

Simply put: to survive, we need to acquire more money than we spend and use that extra amount to buy down debt. Once our debt is down, we can use that extra amount to spend again, exploding our economy through the roof of expectations.