Symptom of the Disease
Local budgets depend on state and federal grants for larger and larger portions of their funding. State budgets depend on federal hand-outs even more so. Soon, those grants become unfunded mandates. The finger is pointed at the federal government for leaving states and communities high-and-dry as politicians demand even more money to replace lost funding.
This – for lack of a better term – is our disease. Our politicians in Washington are rated on how much money they can steal from the residents of other states to be redistributed back home. This continues while most of you don’t even know the names of representatives on your town’s finance committee.
The following posts are from our Symptom of the Disease category, and these symptoms (posts) can easily referred back to our country's disease.
For those looking for Tea Party events in Connecticut this weekend, there are three scheduled on July 4 in Hartford, Norwich and Stratford.
Central Pacific Bank received a $135 million injection of capital from the Treasury Department two weeks after Sen. Daniel Inouye (D-Hawaii) had one of his aides contact the FDIC and ask about an application for TARP funds. Nothing illegal here, but doesn’t it smell rotten? Just another symptom of the disease example.
For my next Symptom of the Disease example we review politicians and their personal finances. When politicians are involved with the regulation of business, they automatically are privy to a defacto version of insider trading. Cleveland.com reports members of the House Financial Services Committee were buying and selling banking and financial service stocks last fall.
I’m starting a new themed series for future posts called Symptom of the disease, in which I will always refer back to this post. The current AmeriCorps story is example one, where it seems Gerald Walpin, the inspector general of AmeriCorps got fired for doing his job a bit too well and stepping on the…
I’ve been thinking about health care, the auto industry, mortgages, banking, housing and even the self-imposed energy crisis. With every one, Americans seem to have fallen into some desire for the federal government to step in and fix it. They need to do something!