IRIf I were the CEO of a company and was employed six years ago to clean up the problems attributed to my predecessor, how would the Board of Directors react if the company was still having problems and I was blaming my predecessor for them?  Would the directors say, “Oh, yes, the problems were so great that we could not expect you to have fixed them in six years”?  Or would they say, “We hired you to fix things, and you should have had them fixed by now or at least be well on your way to having them resolved”?  

With the companies I am acquainted with, the board and the stockholders would not put up with a CEO who was blaming his predecessor of six years ago for the continued loss of money and the value of the stock still going down.

It bothers me that President Obama and his administration so frequently blame others for problems and the bad news coverage that go along with them.  For example, Read more…

Democrats and Republicans are blitzing us with propaganda about the national debt.? My purpose here is not to side with either political party, but to add understating to the subject. ?Contrary to what many people think, China is not our largest creditor.? Our largest creditor is our Social Security Trust Fund.? But, if that?s the case, are we really in debt?? Do we have to pay ourselves back?? To understand all of this, let?s take a very brief look at history.?

Alexander Hamilton, the first United States Treasurer, was also experienced in banking.? Each state had accumulated debt in helping finance the Revolutionary War (1775-1783).? In 1790, Hamilton instituted a program of repaying the war debt to each of the thirteen states.? The payments were from the federal treasury with a certain amount going to each state, earmarking how much was for interest and how much for principal.???

For the next one hundred twenty-five years, the primary debt our nation took on was for fighting wars?the War of 1812, Read more…