The "Wealth Gap"?

I heard an interview with Jim Clyburn, now one of the "Tremendous Twelve" (my term) that makes up the ridiculous budget and debt reduction committee, and he was going on about how he wants to fix the condition where he says that corporations and high wage earners pay no taxes due to utilization of the tax code (he calls them "loopholes."). He wants to reduce the "wealth gap" (his term) by getting these people to pay taxes and take the burden from middle America.

Tax relief would be very welcome. We are grossly overtaxed because government is too large. A more efficient, constitutionally appropiate government could get by on a tiny fraction of what they have now.

Aside from the fact the the higher wage earners are paying most of the tax revenue in this country, what about all of the lower wage earners who are paying no taxes? Any thought to getting them back to work or eliminating some of the credits so they could participate in funding the government? Are they a protected class just as the welathy is the targeted class?

This committee will not reduce spending and will likely recommend or directly contribute to to an increase the debt ceiling and net spending.

 

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For more information on my coaching and educational programs and services, visit my website stevehoffacker.com, or go to my other bloghomesalesinsights.com for additional sales tips, insights, and commentary. Listen to my free podcast messages at Steve Hoffacker's Happenings.

Steve Hoffacker - Consultant, Coach, Author, Blogger, Photographer, Motivator, Teacher, & Strategist - for Realtors, Real Estate Sales Professionals, Home Builders, New Home Salespeople, Entrepreneurs, Small Business Owners, and Independent Sales Representatives.

© Steve Hoffacker, 2011. All Rights Reserved.

Congress Is More Dysfunctional Than Ever

As Americans and as small business owners and operators, we should be appalled at the lack of leadership we are receiving from Congress and the direction this body seems to be taking the country. Creating a 12 member joint commission with many of the big spenders who have created the issues we have right now have been appointed to this body. Why should we expect any new direction?

Complain as hard and as loud as you want about the "Tea Party" but if it wasn't for their sanity, we would have a single "A" bond rating by now and a debt limit in triple digits of trillions. Those members of the House that embody these ideals are to be commended. They have kept Congress in check from totally betraying us.

America, we are a can-do society. We have proved it so many times. We fought a superior British force in 1775 and prevailed - again in 1812. We bounced back from a Japanese attack at Pearl Harbor. We went to the moon and back when we hadn't even begun thinking about it when the challenge was issued. We dissolved the USSR.

So we sit back and ask Congress to give us health care, to pay our bills for us, to be our financial parent, to let us remain unemployed indefinitely and keep giving us an allowance, to provide public jobs when we do decide it's time to work. This is not all of us obviously, but it is a disheartening reality that is becoming more prevalent.

We were founded on individual rights and liberties. Anytime Congress acts, it is to restrain some of them rather than enhance it. The Courts aren't much better.

Again, as business people, we must rebuke any Congressional spending that is outside their Constitutional authority. BTW, this would restrict the Congress to spending very little, and the whole debt ceiling debate would disappear.

Anyone who supports more government spending, more rules and regulations, and more power for Washington has missed the fundamental intent of the United States.

 

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For more information on my coaching and educational programs and services, visit my website stevehoffacker.com, or go to my other bloghomesalesinsights.com for additional sales tips, insights, and commentary. Listen to my free podcast messages at Steve Hoffacker's Happenings.

Steve Hoffacker - Consultant, Coach, Author, Blogger, Photographer, Motivator, Teacher, & Strategist - for Realtors, Real Estate Sales Professionals, Home Builders, New Home Salespeople, Entrepreneurs, Small Business Owners, and Independent Sales Representatives.

© Steve Hoffacker, 2011. All Rights Reserved.

Moody's Gives Us A Triple-A Minus"

Moody's has decided that a poorly conceived and passed legislation to raise the debt limit was good enough to keep the "AAA" bond rating in place although they have moved it to a "minus" or negative position - meaning that all the signs are there for the condition to worsen.

Many have questioned how the US has been able to keep its "AAA" rating for the past several years with all of the deficit spending, borrowing, and debt limit increases. It makes one wonder about the whole rating business.

Maybe we need to do a little extra credit to bring our grade back up to a solid AAA. But that is unlikely unless the composition of the Senate changes to a Republican majority next year.

The Senate hasn't given us any confidence they can do anything but keep borrowing and upping the limit. The House's HR 2560 was a good first step. Then they retreated from there to get a watered-down, constitutionally questionable bill passed.

There are still a few more chapters to be added to this saga.

 

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For more information on my coaching and educational programs and services, visit my website stevehoffacker.com, or go to my other bloghomesalesinsights.com for additional sales tips, insights, and commentary. Listen to my free podcast messages at Steve Hoffacker's Happenings.

Steve Hoffacker - Consultant, Coach, Author, Blogger, Photographer, Motivator, Teacher, & Strategist - for Realtors, Real Estate Sales Professionals, Home Builders, New Home Salespeople, Entrepreneurs, Small Business Owners, and Independent Sales Representatives.

© Steve Hoffacker, 2011. All Rights Reserved.

Still Kicking The Can

Congress and the President are still kicking the can down the road. Notice than no one is talking about making cuts right now. Everything is spread out over 10 years.

That's not even practical. No Congress can bind or encumber another Congress, so forget telling us about what could happen over 10 years but likely never will.

We aren't impressed by big sounding numbers that will take years to realize - if at all. In fact, it's unlikely they ever would.

We need $5 trillion cut right now, this year. That's what Moody's wants, that's what we want, that's what we need.

If you need some suggestions on how to get there, give me a call. I could a trillion in less than an hour.

 

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For more information on my coaching and educational programs and services, visit my website stevehoffacker.com, or go to my other bloghomesalesinsights.com for additional sales tips, insights, and commentary. Listen to my free podcast messages at Steve Hoffacker's Happenings.

Steve Hoffacker - Consultant, Coach, Author, Blogger, Photographer, Motivator, Teacher, & Strategist - for Realtors, Real Estate Sales Professionals, Home Builders, New Home Salespeople, Entrepreneurs, Small Business Owners, and Independent Sales Representatives.

© Steve Hoffacker, 2011. All Rights Reserved.

I've Got My Eyes Closed

As children we've pretended not to see something that was shown to us by proclaiming that we had our eyes closed.

Harry Reid seems to be employing this same tactic in the Senate. He proclaimed today that the Republicans (meaning House Republicans, the majority in the House) "still refuse to negotiate in good faith."

Let's do a quick recap here. On July 19th, the House passed HR 2560 - the "Cut, Cap & Balance Act of 2011." It got to the Senate and was calendared, but Harry Reid had the measure tabled instead of bringing it to the floor for debate, a possible vote, and possible passage. Then yesterday, the House passed another measure (the "Boehner Plan") and sent it to the Senate. In the same fashion, Harry Reid had it tabled. He had already announced that it would be DOA in the Senate, and he kept his promise.

So, Harry has had two bills to consider, but he considers these action "bad faith." What he really means is that the House hasn't passed a bill that caters to what he wants. That's OK, if he'll tell us what he wants we can examine it. So far, all he can do is shoot down the House measures and pretend that there is nothing to see.

 

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For more information on my coaching and educational programs and services, visit my website stevehoffacker.com, or go to my other bloghomesalesinsights.com for additional sales tips, insights, and commentary. Listen to my free podcast messages at Steve Hoffacker's Happenings.

Steve Hoffacker - Consultant, Coach, Author, Blogger, Photographer, Motivator, Teacher, & Strategist - for Realtors, Real Estate Sales Professionals, Home Builders, New Home Salespeople, Entrepreneurs, Small Business Owners, and Independent Sales Representatives.

© Steve Hoffacker, 2011. All Rights Reserved.

Harry Reid Now America's Most Powerful

The President was elected to rule the country, and some would think that gives him the most power. However, Harry Reid shows us why he's the most powerful. Twice within a few days, a majority of the House has passed a bill, and sent it to the Senate, that would solve the debt limit and budget issues for the country and allow the President to save face and perhaps protect our "AAA" bond rating.

Twice also Harry Reid has kept those bills from ever getting debated, possibly passed, and possibly sent on to the President.

The House is doing a great job but it's clear that they aren't going to pass anything that Reid approves of - and it's clear Reid will have no plan of his own until the 11th hour. Then he will attempt to force the House to agree,

The House is being silenced by the most powerful man in America - Harry Reid. Only the State of Nevada voted for him, but he is ruling the entire country in this instance just as if the Electoral College had elected him.

This is politics gone very wrong.

 

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For more information on my coaching and educational programs and services, visit my website stevehoffacker.com, or go to my other bloghomesalesinsights.com for additional sales tips, insights, and commentary. Listen to my free podcast messages at Steve Hoffacker's Happenings.

 Steve Hoffacker - Consultant, Coach, Author, Blogger, Photographer, Motivator, Teacher, & Strategist - for Realtors, Real Estate Sales Professionals, Home Builders, New Home Salespeople, Entrepreneurs, Small Business Owners, and Independent Sales Representatives.

© Steve Hoffacker, 2011. All Rights Reserved.

Compromise Means There's Only One Way To Do It

Isn't it interesting that the President and Harry Reid have offered no concrete solutions of their own for paying down the debt, but they sure can point fingers at the Republican House for not doing anything - nothing except pass HR 2560 ("Cut, Cap & Balance Act of 2011") and getting ready to vote on another bill. Reid refused to let HR 2560 come to the floor for formal debate by getting a motion to table passed. He says that anything coming out of the House will be defeated in the Senate. The President says anything coming from the House and Senate - unless started in the Senate - will be vetoed.

So the compromise is this. Do it Harry Reid's way, or do it President Obama's way. Never mind the election of 2010. Nevermind the outrageous spending by so many people that got us to this point. Just throw in the towel and acquiesce to Reid and Obama. Now, that's a compromise they can live with - but we can't.

After all the stonewalling, just wait until Monday and then see Reid push through a bill that the President supports. The news media will support it and everyone will try to intimidate the House to pass it.

That's the current meaning of compromise in Washington. Just do it the President's way. It is a very negative word.


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For more information on my coaching and educational programs and services, visit my website stevehoffacker.com, or go to my other bloghomesalesinsights.com for additional sales tips, insights, and commentary. Listen to my free podcast messages at Steve Hoffacker's Happenings.

 Steve Hoffacker - Consultant, Coach, Author, Blogger, Photographer, Motivator, Teacher, & Strategist - for Realtors, Real Estate Sales Professionals, Home Builders, New Home Salespeople, Entrepreneurs, Small Business Owners, and Independent Sales Representatives.

© Steve Hoffacker, 2011. All Rights Reserved.

Thomas Jefferson's Second Thoughts

Sometimes we have second thoughts about an important decision we've made - call it buyer's remorese, a change of heart, cold feet, or just being cautious.

After the Constitution was written, Thomas Jefferson, author of the Declaration of Independence and 3rd President of the US, offered a comment that is so insightful and relevant for our current time.

Clearly he was interested in having United States survive and could anticipate our current situation:

"I wish it were possible to obtain a single amendment to our constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of its constitution; I mean an additional article, taking from the federal government the power of borrowing."

 

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For more information on my coaching and educational programs and services, visit my website stevehoffacker.com, or go to my other bloghomesalesinsights.com for additional sales tips, insights, and commentary. Listen to my free podcast messages at Steve Hoffacker's Happenings.

Steve Hoffacker - Consultant, Coach, Author, Blogger, Photographer, Motivator, Teacher, & Strategist - for Realtors, Real Estate Sales Professionals, Home Builders, New Home Salespeople, Entrepreneurs, Small Business Owners, and Independent Sales Representatives.

© Steve Hoffacker, 2011. All Rights Reserved.

Egos? It's More Than That

I hear people on the street and in news program interviews complaining that the Republicans and Democrats in Congress aren't reaching a budget agreement because of their egos - each side wants what they want and believe themselves to be right.

To me, it's not an ego thing at all.

It's a principle thing and a basic esteem for our system of government.

Take where we are right now. The Republicans in the House passed HR 2560 - "Cut, Cap & Bal;ance Act of 2011." They sent it to the Senate. Harry Reid made sure it didn't come to the floor for a real vote by getting the motion tabled.

The Prsident said he would have vetoed it anyway.

Now the Republican House is considering other legislation - although what they passed was fine. Reid said that it will be "DOA" (dead on arrival) at the Senate. Obama swears he will veto it if given the chance.

Now whose egos and stubborness are showing?

 

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For more information on my coaching and educational programs and services, visit my website stevehoffacker.com, or go to my other bloghomesalesinsights.com for additional sales tips, insights, and commentary. Listen to my free podcast messages at Steve Hoffacker's Happenings.

Steve Hoffacker - Consultant, Coach, Author, Blogger, Photographer, Motivator, Teacher, & Strategist - for Realtors, Real Estate Sales Professionals, Home Builders, New Home Salespeople, Entrepreneurs, Small Business Owners, and Independent Sales Representatives.

© Steve Hoffacker, 2011. All Rights Reserved.

 

Hold Fast, Mr. Speaker

John Boehner is now toying with the idea of watering down the bill they already passed, HR 2560, to get something passed in the Senate. This isn't his problem. It's Harry Reid's. HR 2560 is a perfectly good bill and it can still be passed. The House has done it's work.

Either Reid passes HR 2560 and then sends it to the President, or any issues that come from not raising the debt ceiling or reducing spending are his responsibility. The House has acted. Harry can be a hero or a goat. Then it's Obama's turn to step up to the plate and sign it or be the roadblock.

The train has left the station. The time for negotiation is over. Approve HR 2560 and move on.

 

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For more information on my coaching and educational programs and services, visit my website stevehoffacker.com, or go to my other bloghomesalesinsights.com for additional sales tips, insights, and commentary. Listen to my free podcast messages at Steve Hoffacker's Happenings.

Steve Hoffacker - Consultant, Coach, Author, Blogger, Photographer, Motivator, Teacher, & Strategist - for Realtors, Real Estate Sales Professionals, Home Builders, New Home Salespeople, Entrepreneurs, Small Business Owners, and Independent Sales Representatives.

© Steve Hoffacker, 2011. All Rights Reserved.