Consequences, and Opinion TQO#154
Boehner sells out = foregone revenue & tips for Obama
please note you are free to use this information if Newt makes the
bad choice of running against you. When he accuses you of
overspending I would love your 172 "1966" I.Q. to ask him
what the Postal Service forgone revenue was about. Maybe you can
draw a re-bocardo Venn diagram for him.
don't worry, I was a 1992 Ross Perot supporter because I knew how
people like you and Bush were sticking it to our unborn
grandchildren. I will beat you over the head with Ross Perot every
chance I get and give you the final smack with the Bible.
Unfortunately, it will not be with the original 1611 King James 10
pounder Perot use to keep in his front office.
understand why Speaker Boehner sells out, you have to understand his
roots and what him and Newt approved of doing back in the 1990s,
that they never speak about.
is about flim flam, shuffle the money from one pocket to another,
and calling it good, while promoting yourself as a hero, though some
may know of it as :
works just like the Federal Reserve.
to sum it up, Congress borrowed (by not paying the Postal Service)
$800+ million (at least) to 1.2 trillion dollars so their budget
looks balanced, gave it to Social inSecurity to cover what they
already robbed, and then Congress borrowed that later on a IOU. Then
because the SS coffers are empty and stuffed with 2.5 trillion of
IOUs from Congress, we borrow money from China, Japan, and Russia to
print the Social inSecurity checks.
forgone revenue owed from 1991-1998 IS STILL NOT PAID OFF A
GENERATION LATER !
really have President Johnson to thank for this, a hint, it is the
president after JFK, that allowed Congress to dip it's hand into
pockets it did not belong.
the record, the national debt went up over $3,200,000,000,000+ under
the so called balanced budget with Bubba Clinton and Newt.
the date of the following article, May 4th, 2001. Last year 2010 I
provided you the .pdf on letterhead, of the Postal Service last year
begging Congress for their $29 million payment, which they still
have not produced as far as I know.
acknowledging that that it never gave the USPS all the money it
should have over the life of the 20-year old program, agreed to pay
the USPS $29 million a year over a 42-year
For those of
you poor at math, that is a $1.2 billion
dollar IOU note to the Postal Service, then we get airbags
like Barney Frank deride the Postal Service, when he helps abuse it
with his $1,000,000 franking privilege!
How about the
Post Office explaining it:
2010, the Postal Service recognized $113 million in revenue,
including $24 million of imputed interest, from the appropriations,
compared to $71 million, including $24 million of imputed interest
in 2009. In 2008, $128 million was recognized in revenue, which
included $25 million of imputed interest. The revenue forgone
receivable is included in the Balance Sheets as “Receivables:
Like how the
"forgone" revenue does up 60% in an election year, 2008
and 2010, that is called "franking" privileges, plus,
their lock-step so called non-profits sending stuff out on their
behalf, making the commercial mailers pay for it!
Now that you
have an idea what forgone revenue is, maybe when Boehner and Newt
brag about the 1990s, they should use the term "Contract to
Screw America" instead !
See, this is
the problem, they only know Washington math. The kind where you
promise $100 billion in cuts on at LEAST a $1.6 trillion budget
deficit, and then deliver $38.5 billion and pat yourself on the back
on your accomplishment.
Then to top it
off you remove the riders that would have prevented:
from being funded.
the EPA from regulating carbon.
the FCC from regulating public radio.
No news yet on
the Internet control scheme being defunded.
How about a
new nickname for the House Speaker that reflects the deal he got
from Obama and what went on in that office, that reflects on our
elected officials in the truest sense.