Ruth Hinckley http://twitter.com/#!/Lironah @Lironah Sleeping in a tree
Here are the tweets combined into a single statement.
- I certainly do not believe that the majority of unemployed Americans choose not to work. That being said I have an issue with the attacks on American businessmen forced to go overseas in order to stay in business. Why does the Labor advocates address the countries that allow there own workers to be exploited and endangered. The problem is those who allow the abuse to go on. Many cite the race to the bottom. This will always be a concern unless the bottom is raised. You can not blame a business for going with the most efficient legal means of product sourcing.
- Student loans are being subsidized at the taxpayers expense and this must be done responsibly, fairly and sustainably. Another problem is not everybody should be have a bachelors degree only those willing to work for it. I have no issue with giving aid and a slight lowering of standards for the poorest among us as long as it is for those willing to work hard at it and succeed as the financial resources are indeed limited. All qualified individuals deserve a chance to succeed. If 100% of the population has a bachelors degree then the degree will have little value.
- The Glass-Steagle Act was not the cause of the current financial crisis although it arguably was a contributing factor. The real cause is to much bad debt versus sustainable income. The following 11 underlying public-policies are the true causes of the current financial crisis #1-The Internal Revenue Code, #2-Prescriptive and Proscriptive Safety-and-Soundness Regulation, #3-Discouraging Maturity Matching in Funding Assets, #4-Fair-Value Accounting, #5-Enforcement of Credit-Default Swaps Where There Is No Insurable Interest, #6-Mispriced Government Deposit Insurance, #7-First Amendment Protection for the Credit-Rating Agencies #8 Government-Sponsored Enterprises, #9-The Overpromotion of Home Ownership, #10-The Glass-Steagall Act of 1933 and #11-Monetary Policy. Underlying Public-Policy Causes of the U.S. Financial Crisis
- Corrupt Crony Capitalism 'Been Bery, Bery Good' To Members of Congress! My fellow bloggers at American thinker cover this subject quit well and I happen to agree with them. You can also add to the lobbyist problem that needs to be corrected the unholy alliance of big labors chosen politicians undue influence in elections that continue to negotiate unsustainable unrealistic contracts at the taxpayers expense eventually bankrupting us!
- I feel that the TEA activists libertarian based model of limited government coupled with fair taxes is the only viable long term solution.