9.30.2013

Congress should be fired... period. ALL OF THEM Pt. 2

The first part was in relation to a practical concern, Student Loans. Intelligent people I am sure could disagree on that, not sure that is the case this time.

Take a ride with me for a second. I propose that we all start a company. Like other corporations we will be run by a Board of Directors and the board will have ultimate corporate authority. I propose we hire employees pay them less than other private sector employees but give them all excellent benefits, hours etc... To finance our operations we will be taking on a significant amount of debt (corporations do this all the time). Next I propose we charge our customers what they think is fair, not what we think it costs for our services/products. Fast forward a few years. Over the last few years we have been losing money every year, and there are no positive projections in sight. In their ultimate wisdom a minority of the directors have held on tooth and nail to get their point across. About once a year this minority forces the doors of our business to be closed and our employees to go without pay. Along with the shutdown the minority refuses to approve any corporate resolutions. The accounting department has recommended the resolutions are pretty much the only way to keep from defaulting on our debt.

What happens to these directors? My guess, besides being fired some of them would probably face lawsuits for breaches of fiduciary duty, etc...

Now back to reality. Welcome to America. We have a Board of Directors (Congress) The government is the single largest employer in the country. We certainly have a whole lot of debt. We keep having tax cuts (Bush era and otherwise) and our services keep costing more (Healthcare, Medical etc...). The fast forward part, since Clinton left office we have blown through our surplus and have an unprecedented level of debt. In their wisdom the Republicans think its a good idea for us to have shutdowns. Yet again it seems the government will shut down. Oh and their is the looming prospect of the Republicans refusing to raise the debt ceiling. And yes the Republicans are a minority stake, they lost the Presidency and the Senate. The Congressional Budget Office and Treasury have recommended raising the ceiling but that doesn't seem to matter to the Republicans. Default and shutdowns are their way of holding on and getting their point across.

To my Republican friends I have a few admittedly redundant questions.

Are Republicans the party of business?

Is playing with the debt ceiling and default good for business?

Is a shutdown good for the economy?

When a company is running in deficit, they explore increasing revenue and decreasing expenses. Why does that seem so foreign to Republicans?

Lastly Democrats in Congress, you don't get off that easy either. If while in power you can't get the other side to work with you, or legislate with you then you are failing at your job. In case you were wondering legislating is your job. 


1 comment:

casual blogger said...

Well put and the this current shutdown is only the tip of the ice beef. The debt ceiling is a scary thing, if Congress can't figure this out, my fear is that they don't get the ceiling figured out.