Comments for Let Texans Run Texas – Congressman John Culberson’s blog

Comment on One Year Later: Where Does America Stand? by health quote

health quote — Wed, 24 Feb 2010 18:00:41 +0000

Since stimulus spending is guided by current politicians, and not by investors who have a stake in the future finances of the government, government spending is almost never directed towards economy growing capital investments, but rather to short term consumption designed to benefit political leaders in near-term elections. When money is directed at capital projects, they’re very often in the nature of “make work” projects that are not economically worthwhile, but just provide the salve of some near-term employment, which basically means they’re an inefficient means to pay the equivalent of welfare and unemployment benefits. This stimulus is a case in point. Most of it has been shoveled to states to help them maintain welfare, healthcare, other unemployment benefits and meet government agency payrolls. Some of it was directed to “shovel ready” projects, which means projects the states and the federal government could identify and implement quickly but which were not sufficiently worthwhile to do before they were directed to find make work projects to help keep people (mainly unionized construction and contractor labor) employed. None of this spending is an “investment,” but just supports short-term consumption — the people (i.e.,. unemployed, government workers, union contractors and laborers) receiving that money will largely just turn around and spend it on consumer goods. That will provide an immediate boost to the extent that it’s taking money that would otherwise by stowed away in bank accounts and under mattresses and pushed back into the economy, but long term there will be no economic return on that money to justify the debt incurred. It’s the equivalent of a family running up the credit card to keep itself in house and home after the breadwinner loses his or her job.

Comment on Culberson analysis of the bailout - a bad deal for future generations by insurance claims adjuster

insurance claims adjuster — Tue, 23 Feb 2010 22:54:14 +0000

Hank Paulson was instrumental in turning Goldman Sach’s into a public company. Suprisingly he only let Lehman fail, and watched as Bear Stearns disappeared in the blink of an eye. However, when Goldman Sach’s could go down, the Treasury under the leadership of Hank Paulson rushes in to save the day. Wall Street is cutting off their noses to spite their faces. Wall Street can pay themselves all US dollars in the world, but once they bankrupt the country they will be in the same boat as the rest of America.

Comment on Formal Government Takeover of Health Care by Noe Phillies

Noe Phillies — Tue, 23 Feb 2010 04:08:42 +0000

When will the government discover that we don’t want these people to become involved with health reform. Almost every single federal government program is a financial wreck, and tax payers are left holding the bag. If they are unable to complete the task that they were being elected to complete, they’ll find out in November that people in america tend to be fed up with most of the failures and will supplant them all.

Comment on Culberson analysis of the bailout - a bad deal for future generations by florida public adjuster

florida public adjuster — Sun, 21 Feb 2010 20:36:35 +0000

I suspect California municipal governments are in the worst shape of all. The state is beyond broke and is currently confiscating both county and city revenue in an effort to mitigate budget deficits and lessen fiscal cuts.

Comment on Culberson analysis of the bailout - a bad deal for future generations by avmed

avmed — Sun, 21 Feb 2010 19:40:40 +0000

You know, for the past couple of years or so, I have heard so many supposedly smart and connected people say, uh, “It’s almost impossible to recognize a bubble when you’re in it” when the subject of our last el-grande bubble of real estate comes up. You know, the housing bubble I recognized in maybe ‘02, that 90% of others were ‘blindsided” by, including geniuses like Greenspan, Bernancke, 99% of the banks in the WORLD, rating agencies, investment houses, insurance companies, 75 % of the American public, and, of course, Fannie/Freddie, the black hole for the right side of my pay stub. But, for the past almost year, I’ve heard many smart and connected people tell me that the safety of bonds and bond funds are in a bubble. They were in a bubble last summer, and they are more than certain about that, it seems.

Comment on Formal Government Takeover of Health Care by Insurance

Insurance — Sun, 21 Feb 2010 13:11:15 +0000

Great articles

Comment on The President’s Newfound Fiscal Conservatism by florida public adjuster

florida public adjuster — Wed, 17 Feb 2010 19:30:43 +0000

The government can’t create jobs by doing anything other than giving companies and individuals tax cuts…like no taxes for 2 years. It takes demand to warrant me or any company to hire someone to fill or create a position. There is no demand if people have no extra money to spend on non-essential items. So until you libs figure this out, we can all enjoy these dark and gloomy days of zero growth.

Comment on An Urgent Fiscal Crisis by health insurance quotes

health insurance quotes — Wed, 17 Feb 2010 17:30:13 +0000

The “stimulus plan”, the saviors tool to rescue the economy and so urgent it had to be voted on within hours after emerging from behind closed doors, was always meant for special interests and to buy votes at the November elections.

Comment on SPEAKER PELOSI, CANCEL YOUR FLIGHT by florida health insurance

florida health insurance — Tue, 16 Feb 2010 17:58:03 +0000

The International Panel on Climate Change has (deservedly) lost its reputation. I suggest they refocus their attentions: I understand the name “American Trial Lawyers Association” is not currently in use.

Comment on An Urgent Fiscal Crisis by avmed

avmed — Mon, 15 Feb 2010 17:13:49 +0000

Just today Barry H. signed into law a $1.9 trillion increase in the federal government’s borrowing limit increasing the total borrowing capacity to $14.3 trillion, a 15.3% increase. Bill, if indeed your statement is correct, then I think Barry has just ended that streak with a bang!