Archive | Unfunded Liabilities

This Weekend – A Great Opportunity for your Great Grandkids

Posted on 15 January 2018 by Scott Cooper

Many reading this don’t have grandkids, let alone great-grandkids; therefore, they will wonder what’s the point.  The point is Proverbs 13:22: “A good man leaves an inheritance to his children’s children.”  We can assume the opposite of this Proverb is also true.

Last week (linked), I highlighted this Proverb discussing our Federal Unfunded Liability DebtOur collective Unfunded Liabilities are over $ 111 TRILLION.  Stated differently, the individual taxpayer unfunded liability as of Sunday is over $ 922,000.  

One of the challenges we face in our republic is the education of our citizens on public policy issues.  A large percentage are taught via humorous, sometimes vulgar soundbites on shows like Jimmy Kimmel, Rachael Maddow and Dennis Miller.  Other’s get biased angry soundbites from sources like George Stephanopoulos, Joe Scarborough and Sean Hannity.  One could also debate the quality being received and the worldview being taught from most of our public educational systems.

The reality is only a very small percentage of American’s dig into the actual-facts behind the soundbites.  This year, I want to encourage each of us to do more fact digging vs. mud-slinging.  The reason ultimately returns to the proverb above.  Our ancestors bequeathed to us the most prosperous nation, with the highest quality of living and the largest middle class in the history of the world.  What will we leave to our heirs?

For my friends in South Carolina, if you don’t know Joe Dugan, and his team – I would like to introduce you to them.  In my opinion, they have done more to educate South Carolinians on Federal Public Policy issues than any other group I know of.  This weekend, Saturday January 20 – Monday January 22, is the 6th Annual Convention where they have focused on polices / issues such as:

  • Media Bias
  • National Security, to include Muslim Brotherhood Infiltration, Antifa Activity, Marxist Activity, Immigration Security Issues, Terrorism, Threats from China and North Korea, and Electric Grid Insecurity.
  • Deep State Bureaucracy / Shadow Government Activities
  • Educational Issues
  • Judicial Activism
  • Voter Apathy
  • National / State debt and unfunded liabilities
  • Much, much more.

I would encourage each of you to check out the list of speakers participating in this weekend’s conference by clicking here!

As you can see, it is weighted heavily toward National Security speakers, which is encouraging to me, because I believe “Providing for the Common Defense,” as written in the preamble of our Constitution, truly is a non-partisan, non-respecter of person issue.  It should also be the primary function of the Federal Government.

For more details, please review Joe’s website by clicking here!  The link to register is at the top right-hand corner of the home page.

In closing, I am aware some will automatically tune out when they see the name Tea Party.  I would strongly urge you to look at the topics being discussed, and come with civility, a notepad, and a willingness to learn.  All speakers will be available for civil discussion during the course of the weekend.

Monday January 22nd will deal specifically with South Carolina Issues.  Each Gubernatorial Candidate has been invited to the Gubernatorial debate.  You can look online to see who is currently participating.

I hope you have a blessed week!

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Thinking About the Great Grand-Kids and COS!

Posted on 10 January 2018 by Scott Cooper

In mid-January the credit card bill for Christmas arrives.  What shape will you be in when you open that envelope(s)?

Perhaps you’re one of the few who never spends beyond their savings account.  My grandmother was like that.  I’ll never forget the advice she gave me shortly after graduating college and purchasing my first car on credit.  I asked her experience with car loans.  She replied, “Scott, if we didn’t have the cash, we never bought it.”  She lived her life that way.  That was in 1991.  She was 82.  I wish she was here to visit my kids, and now my grandson, to impart such wisdom.

When was the last time you looked at the US Debt Clock?  If it’s been a while, I would strongly urge you to check it out at www.USDebtClock.org.  I implore you to look a number that isn’t today’s current debt of over $ 20 Trillion, but the Unfunded Liabilities number, which due to commitments we have made, which aren’t funded, adds to our current debt.  As of Sunday, our republic’s Unfunded Liabilities was over $ 111 Trillion.  Stated differently, that’s over $ 111,000,000,000,000.00.  Watch the pace that number grows.

In short, we are creating one hell of a credit card bill for our grandkids and great grandkids.

I am sure when the bill comes due, they will be happy they provided us such a tremendous, decades long spending spree.  What do you think?  #Sarcasm.

Personally, I think our descendants will look at our lives and ask, “Why did they do this to us?”  They, being us collectively.  Then our descendants will look at our personal lives to ask, “What did he/she do to prevent this bill from being delivered?”

Personally, I believe our national overspending and overcommitting to spend future dollars, as a republic, is a national security issue.  Furthermore, I do not believe our elected leaders, or the deep-state bureaucracy in Washington, DC is capable of reigning in our collective appetite for spending our descendant’s future income.  I believe spending beyond our means as a nation is a non-partisan, non-respecter of person issue.  It should concern every one of us, regardless of race, creed or party.  Furthermore, I believe it is a moral issue.  Proverbs 13:22: “A good man leaves an inheritance to his children’s children.”  I would assume the opposite of this Proverb is also true.

I do however believe there is a solution, and that is called The Convention of States.  https://conventionofstates.com/.  If you are concerned about the debt bill we are sending to our future generations, I would encourage you to do three things:

      • Go to https://conventionofstates.com/ to learn about this process for yourself.
      • Watch a debate on this issue, which is between two personal friends. In this case I agree with Michael Farris.

I’d like to mention The South Carolina Senate Majority Leader Shane Massey, who serves most of us as our State Senator fully endorses Convention of States, and will be involved in the January 17th event mentioned above.  I greatly appreciate Senator Massey for leading in this effort.  I also appreciate my State Representative Bill Hixon, who supports this effort and Representative Bill Taylor who has spear-headed this effort in South Carolina, and is known nationwide for his efforts.

In closing, one of the best things we can do for our great grand-kids is to get our republic’s debt-house under control.  More next week!

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