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Unsustainable Debt

LM Fiscal Phonies

LM Budget

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Dear Lowman,

The Debt and Deficits at Local, State and Federal, including Social Security, Medicare and Medicaid Entitlement Obligations and Pennsylvania State and School District Pension Obligations are unsustainable. Like the passengers on the Titanic sipping brandy and smoking cigars, we seem complacently comfortable, as we steam full speed toward the financial iceberg. The Titanic did sink.

You can view more posts on my blog.

Unsustainable Debt

Entrepreneurial Investors Daily says US debt "unsustainable" and this does not include Entitlements for Medicare Medicaid and Social Security. "In just the last year alone, according to a report this week from the Committee for a Responsible Federal Budget (CRFB), total U.S. public debt has jumped to $7.6 trillion, or 53% of GDP, from $5.7 trillion, or 41% of GDP. Also this week, to accommodate its out-of-control spending, Congress will vote to lift the U.S. debt limit by $1.8 trillion - to almost $14 trillion. Why now? They don't want to do it in 2010, an election year." It is, however, that sets the stage for debt and deficits and taxes and CRFB is not a "right wing" or "conservative organization.
Lower Merion Fiscal Phonies

Bruce Reed

Commissioner Gould
was absent but is believed to have been supportive of Comm. Brown's "no" vote.
Facing $5,500,000 budget deficit and a 16 to 22% tax increase this year and in succeeding years, eleven wise and virtuous Lower Merion Commissioners vote to spend $9,000,000 more money for unnecessary Library Renovation. This expenditure was not authorized by 2009 budget and, even if it were a good idea, taxpayers can't afford it.
Can Independent Republican Jenny Brown hold the line alone against debilitating debt and deficits in Lower Merion of Brue Reed's Big Government Agenda?
Jenny cannot and should not have to do it alone. It is time to network to build support for Jenny Brown and to recruit allies for the Lower Merion Board of Commissioners who stand with The Forgotten Taxpayer and can make the case for Limited Government, Government that Works and delivers what citizens and residents need.
The Forgotten Taxpayer is scared. He or she have only two friends, soon to be one, friend on the Lower Merion Board of Commissioners. Those who say they want a zero tax budget and then vote for increased spending, spending that is unnecessary, not a core function of government, and, at the lease, could be deferred, are PHONIES. The Democrats believe in Big Government, a government that provides for all needs and is entitle to tax and take whatever it wants to advance its agenda and maintain power and control in a few.
Only two voted against $9 million Ludington Library contracts and expenditures, and Lance Rogers is leaving at end of year to be replaced by a Bruce Reed Democrat, leaving only one friend of The Forgotten Taxpayer, Commissioner Jenny Brown, who, I think and I hope, will remain strong surrounded by Specter Republicans, Liberals and Democrats and the phonies in the Republican Old Guard, specifically, former Commissioner Charles Bloom and his network, and its obsequious agents, wusses and wimps.
In my view, this was a key vote, scored by The Forgotten Taxpayer and, it appears, all but two are scored negative. Talking fiscal responsibility is good; talking and voting for fiscal common sense is better.
As Lower Merion Citizens for a Responsible Budget have demonstrated, spending and debt have been going in the wrong direction.
Commissioner George Manos Comments on LMBudget2010

George Manos

When you listen to comments and opinions by Commissioner George Manos' on any issue at Lower Merion Board of Commissioners ,what comes to your mind? I am looking forward to his original insights and careful analysis of Budget2010 discussion. Or will he "ditto" President LMBOC Bruce Reed as will the other members of the Democratic Caucus, a herd of independent thinkers? What evidence do any provide that demonstrates that increased spending improves standard of living in Lower Merion?

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