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Failing Infrastructure; Show Me The Money:

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Good Morning Middle America, your King of Simple News is on the air.

U.S. NEWS: As the media has determined that John McCain and Mitt Romney are the only candidates that deserve a look, Ron Paul and Mike Huckabee were reduced to watching the former mentioned pair exchange insults in last night’s debate.

In my opinion, Paul or Huckabee would make better presidents than either of the frontrunners; if for nothing more than being nicer guys and blatantly more honest. We can take the truth can’t we? Well maybe not.

I read this morning that American’s have huge expectation that the next president will lower the price of gas, fix all the roads and bridges, bring back the employment for Middle America, and return the great herds of buffalo to the plains. Oh, and provide free satellite TV and cell phone service.

Let’s talk about the roads and bridges. While we are at it, we’ll talk about all of the infrastructure such as water lines, gas lines, sewer lines, sewer plants, water plants, power plants and so on. All of these systems have been having birthdays every year that you did.

When people and infrastructure get old, they begin to wear out and need more maintenance. People go to the doctor and the hospital and it costs more than they made in their combined working life and therefore we have Medicare that is scheduled to be insolvent by 2019, after which it will run trillions of greenbacks in the red.

When infrastructure gets old, it begins to wear out and needs the same repair and maintenance. We go to the city, county, state and federal governments and demand these repairs. But unlike Medicare, they are already insolvent and running a whole lot of current red ink. Adding hundreds of billions for the needed repairs isn’t in the budget so to speak.

So where does the money come from to repair America’s aging infrastructure? An America that is in recession and losing good jobs on a daily basis. An America that has 78,000,000 of its most productive taxpayers lining up for retirement…and Medicare benefits.

Taxing the remainder of the already overburdened citizens has always been our governments answer, but that won’t work. The federal government is currently getting ready to send those people checks so that they can go to the mall or hang on to their homes.

Why do you think that our infrastructure is in the poor condition? No money and no ability to further raise taxes in an already failing economy would be my best guess.

The massive infrastructure in the U.S. was built in our heyday years of high paying job creation in industry and agriculture production. But more importantly, it was built with dollars that were real dollars based on something other than the government’s ability to collect taxes and run a printing press.

Repairing and rebuilding our national infrastructure with today’s inflated dollars, a shrinking job market, and an already overtaxed citizenry; may prove a virtual and mathematical impossibly. What do you think?

 

www.kingofsimple.com

Mike Folkerth is the author of "The Biggest Lie Ever Believed" and is not your run-of-the-mill author of finance and economics. The former real estate broker, developer, private real estate fund manager, auctioneer, Alaskan bush pilot, (more...)
 
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Good article.While politicians like to talk about ... by Eric Roth on Saturday, Feb 2, 2008 at 12:43:35 PM
You ought to take a look at H.R. 3400 and particul... by Tom Chechatka on Sunday, Feb 3, 2008 at 4:35:53 PM