Category: Housing Inventories

Ben Bernanke; “…unsustainable debt …”

The following are two crisis words.

And …if there ever were two words today which have crisis written all over them …they are those uttered in Congress today!

The following two words which were those spoken loud, strong and clear.

The words were part of an address which characterized U.S. Public Debt as “…unsustainable debt …”

These two words came from The chairman of The Federal Reserve …Ben Bernanke today as the chairman spoke before members of The Senate Banking Committee.

Curiously, what I personally find as being less than sad is Congress’ lack of regard and esteem for tens of millions of voters who …last November, went to the pools to voice their collective, unified singleness of purpose.

By this Ben Bernanke was merely reaffirming the validity of the American voters who sent this massage earlier this last November.

Why should either the President and or Congress need one more man’s word to make the spirit of America’s will any more exact and any more unmistakably clearer?

As such, these two word’s stark reason and reality stand as a slap in my face …all in light of the light-weight approach to this administration’s budget proposal and the Republican-sponsored meager spending cut’s initial proposals.

Such as November’s voice was, such a will can not be allowed to be summarily swept under the rug …dismissed and otherwise marginalizing the will of the American people.

Re.: Monetary and Fiscal Responsibility;

And while bad habits are easily learned and obtained; they are not so easily worked free from …in reversing their affects’ impacts.

These take prayer and fasting.

Take a rather strange lesson from an otherwise foreign focus and vision …one generated in mixing an atmosphere of strong necessity with one of equally strong discipline and regimented resolve.

That’s why the Germans have been rather more successful in adopting …with their engrained mind-set of discipline …a more prudent and reasonable rationale in their approach to borrowing limits …capping their annual budget deficits and public debt to correspond to certain guidelines which pertain to strict percentage-based guidelines of their economy’s actual performance …foregoing the urge to bet on the come …as it were …as hope seems to have become warped here in America.

This more responsible sort of balanced approach to fiscal due diligence and disciplined oversight of the budget processes returns a service to the people of Germany which kind of reminds me of the purpose which the President’s Pay Czar was intended to serve …

…Namely that of accountability …in light of an emphasis which was supposed to be centered about openness and clarity.

No Child Left …or Right; Get Behind Me!

The three year anniversary marking the release and launch of Obama campaign slogan rhetoric; “Yes We Can!” is quickly approaching and one thing America has realized is…

No We Can’t!!!

Who Me, Protest?

The following is the result of looking for data to support and build my case in a recent real estate tax protest I have filed.

Before you open the link below, read the following short explanation below first.

The following is a look at one of the 20 Metropolitan components which make up the Case-Shiller SPCS20R Housing Price Index. The SPCS20R is a 20-city composite index comprised of 20 major metropolitan areas in the U.S.
The index reflects upon the overall movement of housing prices across the nation in these twenty areas.

After all, PIGS We Are Not!

Today, I am taking a look back at a letter I wrote Friday, November 21, 2008 dealing with a principal commonly used in bankrupcy proceedings called Cram-Down.

It seems fitting to revisit it to achieve some degree of perspective in view of communities whose municipal bonds’ bond ratings are at risk in the face of of dwindling tax revenue.

And taken in perspective of TARP and various stimulus programs which have been walked through Congress under the pretext that their purpose is aimed at saving community jobs and services, I have to ask; as what point will America become like Germany …less than willing to support the pigs of Europe …those like Portugal Ireland/Italy Greece and Spain?

After all, are the PIGS …all that much different than any number of the hardest hit states here in America?

Without a doubt, The Germans have had to pay an exacting price to pay for reunification …not to mention what the PIGS’ bail-out may wind up costing the quality of their return on social investments.

So, tonight is an opportunity to visit the letter below while asking what are state and local governments doing to maintain tight budgets and exercise fiscal withstraint?

It seems to me that in the face of lowered property values …rising property taxes are a sad social commentary …one in which state and local community governance has thrown away prudence and reason in favor of the opportunity to ignor reality and the consequences of neglect …hoping that no one would take notice.

In that respect, I will introduce my letter by saying; “…pay no attention to the man behind the curtain …” You better pay your taxes, or they might just cram them higher property taxes down your throats.

Cram Down? vs. Higher Property Appraisals & Property Taxes?
Go Figure!
How does that translate to …Spending Cuts?
It doesn’t, does it!?