Fixing the Deficit …& Sequesture


In the  Sunday Chicago Tribune    on page 28 of the first section, there  was a ‘story’ with the headline, “Feds Shell out $890,.000 in Fees for Empty Accounts at Banks.”  Seems that when the  government issues grants to researchers, they don’t just issue a  a check:  they set up an account, so the government agency giving the grant can monitor how the money is withdrawn and spent…and then they apparently forget about the accounts after the grant period is over…and the banks charge exorbitant fees  to keep the account active.  You would think this would be illegal—but it isn’t.  Our tax dollars at work.

I know, it has to do with computers.  I had a Charles Shwab account that I closed at about the time they issues a  $.07 interest payment.  They have spent more money  sending me statements, but they  have too many people involved  in doing this, so they can’t just delete the account.  At least I recycle the paper.

Now, if you are like me, you probably wonder  what the government is doing issuing grants to citizens. That’s right. Sure,  virtually all are working for nonprofit institutions that have endowments.  The short answer is they are very good lobbyists, and nobody is paying attention to line items in the budgets.  This is why we can’t close the deficit.

The Head Start program was acknowledged to be very effective in getting low income kids ready for school. That got cut, but a bunch of  congressmen  had to wait a few hours for flights, and they managed to put money back into the budget for air traffic controllers—which should have never gotten cut in the first place.  Meanwhile, how effective are all those screeners  at the airports?  The military said it could do without some hardware, but specific congressmen  whined about  jobs being cut in their districts, so they got money back.   for stuff nobody needs! Obama cut  White House  tours for  tourists …and here’s the money— close to $1,000,000…keeping empty accounts open!

In fairness…this has been going on for decades, and you’d think, with all the  people they have on their payrolls,  Just 1 congress man would have a staffer fine combing the budget & saying, “Get rid of this. ”  (my favorite 2 would be the CIA and USAID). The CIA did a great job stopping the Boston bombers after Russia told them to keep an eye on them.

Our congressmen are  not celebrities, they ar elected officials. We pay their salaries. They get excellent benefits (as do their  staffers), including health insurance you can only dream about.

You might want to  copy this blog and email  it to your congressman & senators.  You can easily find out who they are.  Just google “state senators (your state) and  for your  local representative, you can call your local library  or village hall.  Then bookmark their websites.  Granted… at this point, yu can only vote against them…but i am looking forward to the day when we can post  yelp! reviews of their voting records!

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