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Failing Infrastructure; Show Me The Money:

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Message Mike Folkerth

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.


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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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