Lake Erie Conservative

thoughtful discussion(s) about issue(s)

Posts Tagged ‘government finance’

… How do We Reform the Budget Process [#politics]…

Posted by paulfromwloh on Sunday,October 2nd,2016

.. there are several things that can be done …

.. [-] elect a GOP President , preferably a conservative . It will make things a great deal easier to reform the process when His Lordship is out of the Oval office …

.. [-] do away with the filibuster in the Senate — The Dems will know that the ” handwriting is on the wall . ” They will then fight any possibility of budget reform with every tooth and nail at their disposal . As a result . It will be time to say bye – bye to the filibuster …

.. [h/t — Newsmax.com.com]..
.. [link] to the blog post gnus …

.. return to a zero – based budgeting process . This will help a ton …

.. have programs automatically sunset after a period of time . No exceptions . The most popular programs [and the most necessary ones] will survivie . The fights will come over the far more debatable ones …

.. [-] a massive overhaul of government is in order . Yeah , our Government is waaaaay to big . It needs to be chopped back down to a far more manageable size ….

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… Now Puerto Rico is In the Deep Soup [#default]…

Posted by paulfromwloh on Wednesday,May 11th,2016

.. Puerto Rico is now in deep trouble . They have now officially defaulted on about $400 million in government debt for a specialized agency . it is just one default , but there will be others to come ..

.. as a territory [officially a commonwealth] of the United States , the P.R. cannot file for bankruptcy w.o. the permission of Congress . Right now , Congress is not forthcoming with that permission , at least not as of yet . But the debate has been engaged on the subject ..

.. [h/t — Newsmax.com]..
.. [link] to the blog post ..

.. since many essential services in P.R. are delivered by the P.R. government , the P.R. is husbanding what few resources that it currently has . They are keeping essential services , such as schools , police , fire , and others ..

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