July 30, 2010 by Scott.

I would love for an ambitious Attorney General  to stand up for the Taxpayer.  If you are receiving taxpayer dollars on a disability pension and you are not in fact disabled, then you are simply committing a fraud on the taxpayer.  Criminals generally go to jail.  Why is it different in the Union contract?  If you rob a bank you go to jail.  Berny Maddoff, he is in jail.  How is it a guy who runs marathons or competes in Triathlons can receive a TAX FREE pension for being disabled?  It is a fraud, very simple.  If I did that I would be thrown in jail.  Someone needs to stand up for the taxpayer who is being cheated left and right by those who are cheating and lying by collecting Pensions on a lie!  Same goes for the workers who work massive overtime in the year before retirement.  Then the pension they receive is based on this inflated income.  I know the argument is that it is written into a valid contract.  But how is this a valid contract?  Who are the politicians who negotiated this contract?   Don’t they have a fiduciary responsibility to the taxpayers?  If they have broken the public trust and worse committed a crime by completely disregarding their fiduciary responsibility then they should be held accountable.  Additionally, these contracts should be contested by the Taxpayer in court.  There is no way these would stand up under scrutiny in a fairness to taxpayer suit.

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July 30, 2010 by Scott.

Going to see the kids at camp this weekend then spending time upstate.  I think I will bring my instrument so I can keep practicing.  That is the nice thing about having an electric/acoustic.  You do not have to have the amp, just the Guitar.  Speed drills hurt but really help.  No pain no gain!@#$%

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July 28, 2010 by Scott.

Wow, what a great night at the Jones Beach theater with Laura.  Sting was their with the Royal Philharmonic Orchestra and it was excellent.  Sting is losing it a little in the high register but the man can definetely still croon.  And croon he did.  I would have liked to hear more of the old stuff but that probably would not have been the same anyway without Sting playing the Bass which he did not.  My favorite was Field of Gold.

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July 22, 2010 by Scott.

What happens if interest rates remain low for to long?  Expectations on future prices begin to be lowered and incentives to build inventory decrease.  Why build inventory when prices will be lower next month?  Low inventory creation reduces the need for workers and increases unemployment.  The deflationary cycle begins and feeds itself. Interest rates remain low and go lower as business parks cash and the Banks park cash at the Federal reserve.  Heck, at least the money being parked is ‘Safe’.  Add to this the ability of the Banks to borrow cheaply from the Fed and charge exorbitant rates to customers and the psychological impact is easy to see.  Demand slows, inventories get worked down, unemployment increases and the spiral can be come a deep recession or even a depression.  So whats’ a Fed to do?  Good question.  The Fed could buy assets and create the illusion of higher prices. But this expands the Fed balance sheet and increases the deficit.  There is very little political appetite to grow the deficit even further.  The Fed could lower rates to the point where they are actually negative.  Then the Banks would be charged to park their excess reserves.  Problem with that is the Banks would also stop paying interest on the most liquid of accounts hurting millions of savers.  The Fed could try to re-inflate the economy by raising rates and repurchasing it’s own debt.  Again this increases the deficit.  So what is the answer?  Anyone want to help?

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July 21, 2010 by admin.

The public pays and pays and the politicians make contracts that should be considered illegal. They are supposed to be fiduciaries looking after our tax dollars. How is a contract that contains guarantied life time pension benefits, funded by tax dollars legal? The math is astounding and the storm is a coming!

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July 21, 2010 by admin.

Guitar sure takes a lot of work but it is worth it when you can make sounds that make you feel good!

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July 21, 2010 by admin.

Today will be hot and sticky with a chance of rain. The Blues Rock!!

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