Showing posts with label Financial. Show all posts
Showing posts with label Financial. Show all posts

October 26, 2016

There is No National Debt








The public is lied to when it comes to the so-called national debt. 
They're clueless about it, as are most, if not all, of our lawmakers. 
First off, there is no debt. The debt is dollars. The government spent $20 trillion more than it took away in taxes over the last 240 years, and those dollars, held by the non-government, comprise a big portion of the non-government's wealth. Nothing is "owed." It's owned, by us, the people. 
Second, there is nothing to pay back. The money was paid, ended up in someone's bank account and now it's being held in the form of Treasuries. What's a Treasury? A Treasury is a dollar, the only difference being it's a dollar with a term (duration) and a coupon (interest payment). Why would people hold dollars in the form of Treasuries? To earn some interest, that's all. It's like saying, why would you put your money in a savings account as opposed to a checking account? Same reason, to earn interest. If you want it back in your checking account, you tell your bank and it switches it back from your savings account to your checking account. 
That's how it works with the government, too. It "pays back" holders of Treasuries all the time. That's called a redemption and when Treasuries are redeemed the government simply instructs its bank, the Fed, to take back the securities and credit the individual's (or firm's or foreign government's or whomever's) bank account and, voila, it happens. Paid back. In fact, it happens so regularly and on such a big scale that it will totally blow your mind. 
I am about to give you some numbers. Mind you, these are not numbers I made up or to which had some kind of top-secret access. Nor is this inside information that I am exposing. Rather, these are publicly available figures that you can get -- free -- right off the U.S. Treasury Department's website. 
The resource is called the Daily Treasury Statement and it's really a fascinating document. It is posted daily on the Treasury's website and it's literally like looking at the checkbook of the federal government. Just like your checkbook, it has all the deposits and all the withdrawals, among other things. You can see everything. Every line item of spending (withdrawals) and every item of revenue (deposits) that runs through the government's accounts daily, monthly and yearly. 
On this document there is a table -- Table III-A -- that gives all the redemptions of bills, notes, bonds and other securities the government redeems (pays back) every day, month and year. 
If you go to the last statement of the fiscal year, Sept. 30, and you scroll down to that table I just gave you, Table III-A, you will see the government redeemed (paid back) $94.2 trillion in one year! I put a screenshot below. 
Please note: All figures on the daily Treasury statement are in millions, so don't come back to me and say it was only $94.2 million. It's $94.2 million million. That's $94.2 trillion. See the image below. 
Daily Treasury Statement
Ninety-four point two trillion! In a single year. And nobody knew about this. Furthermore, the world didn't fall apart, the dollar didn't collapse, interest rates didn't spike, we had no inflation and everything was fine. 
There is the proof, right in front of our noses, that the debt is meaningless. It's just a bunch of bookkeeping entries. Keystrokes. It's time we stop fretting over this. People need to educate themselves about what this debt is and how they are being manipulated and propagandized about it. 
The debt is not a bad thing, it is an asset of the non-government; however, ignorant, cynical, corrupt, dogmatic and self-serving groups like the Pete Peterson Foundation and organizations like Fix the Debt are in the business of keeping Americans misinformed and getting them to act against their own interests. These groups are bad and need to be stopped. 
There is no debt! 


May 24, 2016

Sanders to Block Help for Puerto Rico



                                                                       
  
Sanders says he will be blocking help for Puerto Rico by saying that is not good enough for Island’s Commonwealth. But he is unable to have any other plan in place that could possibly be approved by a Republican Congress and not having the ugly side effects of having Doctors, Policemen and everyone employed by the government go without pay.  The Independent on the Uk reported the following this morning:
Breaking from President Barack Obama and the White House, Senator Bernie Sanders is blasting a putative deal to install an oversight board to return order to Puerto Rico’s ruinous finances saying it would make things worse not better for the island’s residents.  The salvo fired by Mr Sanders threatens significantly to complicate the path ahead for an accord hammered out just last week by the Republican and Democrat leaderships in the House of Representatives with explicit White House support.
In a letter to colleagues in the US Senate, Mr Sanders urges them to reject the plan when it comes to their chamber for a vote, saying it would make a “terrible situation even worse”. He made the intervention with at least one eye on his battle for the Democratic nomination - one of the very last Democrat primaries will be held on the island in two weeks on 5 June. 
As it stands now, the proposal would give extensive powers to the new authority to introduce severe social spending cuts and restructure the island’s $70 in debt. Puerto Rico has already defaulted on almost $1bn in debt payments and is set to miss a bigger $2bn payment on 1 July. 
The tropical and essentially bankrupt isle, which as a territory of the US is neither an actual state nor a sovereign country in its own right - islanders have US passports, however, and can vote for presidents - is also struggling with a roughly $40bn shortfall in state pension obligations.   
While the government of Puerto Rico in San Juan had been begging Congress to do something to help it deal with the default crisis, it did not favour establishing an oversight board with such wide discretion essentially to run rough-shod over the island’s own elected representatives.
That is at the heart of the Mr Sanders’ objections.  The Senator claims, for instance, that the new “unelected and undemocratic oversight board” would give the Governor leeway to slash the minimum wage to a paltry $4.25 an hour for as long as five years. 
"We must stop treating Puerto Rico like a colony and start treating the American citizens of Puerto Rico with the respect and dignity that they deserve," he wrote to Senate colleagues. 
Puerto Rico is in a ten-year slump that has spurred an accelerating exodus to the US mainland. For the population of about 3.5 million left behind, the crisis has seen rapidly deteriorating services, including shuttering of schools and hospitals, and rising taxes.
With more than 67 delegates up for grabs in the 5 June primary, both the Hillary Clinton campaign and Mr Sanders have been vigorously courting its voters.   Former President Bill Clinton also spent part of last week hopscotching between its biggest cities. 
On his own swing through the island last week, Mr Sanders said it was time to end the twilight status of the island.  He urged the holding of a new referendum giving islanders a chance to choose between remaining with the status quo, becoming the 51st state of the US or cutting the cord and becoming a sovereign nation. 
"It is time for the people of Puerto Rico to be allowed to take charge of their political future and for the United States of America to redefine its legal relationship with the people of this Island," Sanders said at one rally in San Juan. “The people of Puerto Rico should not and cannot provide colonial like treatment of its citizens, the people of the United States cannot continue colonial-like relationship with the people of Puerto Rico.” 
Mr Sanders, who has vowed to keep battling Ms Clinton all the way to the Democratic Convention even though he has virtually no chance to stop her becoming the party’s nominee, has also gone further than her or anyone else arguing that the only short-term solution for Puerto Rico is a federal reserve bail-out, a step that would be anathema to Republicans. 
“If the Federal Reserve could bail out Wall Street, it can help the 3.5 million American citizens in Puerto Rico improve its economy and lift its children out of poverty,” he said. “Under current law, the Federal Reserve has the authority.”
Editorial from Adam Gonzalez, Publisher

Trying to take something away without being able to replace it with anything else is not what the People of Puerto Rico need. Is this the best plan for Puerto Rico?
No, the best plan for Puerto Rico would  have been to let it rearranged its debts like any other state would. That time passed already.  Since Puerto Rico is not a state is has been punished like if it was Puerto Rico’s fault it was taken over by the United States Army and Navy and made into a colony after the Spanish-American war. At this point in time where Puerto Rico is in default, this is the best deal the White House has been able to get from a Republican Congress that wont even fund a new vaccine for a new virus that’s threatening to make a lot children handicapped. Is Sanders saying he could do better? May be that is the same kind of thinking that’s telling him he can still win when he is already lost.
Mr. Sanders keeps giving us surprises on the political field as a sore looser and not a team player.     So far with his opposition to the person with the greatest number of delegates and less than 90 delegates to win the Primaries. At the same time not only is He giving ammunition to Trump but having the virtual winner fight on two fronts. He knows he can’t win on the present situation so he most be waiting for Clinton to be indicted and put in jail. May be she will break an ankle? For people like me who does not take most politicians seriously all these can be fun and games as long as people don’t start getting hurt. I think Sanders should have found a different way to get attention and to fight the White House for not supporting him in a different format. Would it be because he sees the present gubernatorial administration in Puerto Rico too aligned with the DNC?  Who according to him it has been very unfair to him like if it was their fault he is lost. Maybe he was no treated right when he was there(PR) or he listened to the Independent party there confusing it with his independants here.  The Independents in PR want nothing to do with the US and ask for independence for the island calling it still a colony. Up to this point I have not said one cross word about Sanders but now he is hit me in the heart by taking this Island and using it to get some political mileage on his now never-ending quest to live in a house it seems he is not qualify to live in. He is proven he is just like any other politician willing to play with people’s well being for political mileage.

May 19, 2016

Trump and Clinton Reveal their Net Worth


                                                                          
 

Presumptive GOP nominee Donald Trump on Wednesday released his 104-page personal financial disclosure report, which details the assets and net worth of the businessman and his wife, Melania Trump.

“I filed my PFD, which I am proud to say is the largest in the history of the FEC,” Trump said in a statement on Tuesday.

The first 12 pages of the document list the more than 560 companies and entities with which Trump serves in some capacity. The last 45 pages detail his ownership stake in all those entities. 
Trump said the document shows that his annual income is more than $557 million and that his net worth is greater than $10 billion.

In his Capitol One checking and savings accounts, he lists having between $5 million and $25 million.

The real estate developer has a diverse portfolio of investments, including holding stocks and bonds in several companies that he has bashed on the campaign trail, including Ford, Pfizer, Amazon, Apple, Mondelez International, which owns Nabisco, and United Technologies, which owns Carrier.

Trump holds at least $500,000 worth of investments in Ford, at least $16,000 in Pfizer and anywhere from $50,000 to $100,000 in Amazon, which he has suggested might be violating antitrust laws.  

He has a minimum of $1.1 million invested in Apple, and earned anywhere from $100,000 to $1 million in dividends and capital gains on the investment last year. Trump called for Americans to boycott the company when it would not work with the FBI to hack into the phone of the San Bernardino shooters. 

Trump also lists having between $1 million to $5 million in U.S. Treasury bonds and three “family trusts” each worth a minimum of $123,025, $235,025 and $272,027, respectively, in addition to a trust from his father, Fred C. Trump, containing between $1 million to $5 million.

Melania Trump's skincare and accessories companies, the forms say, have a value that is "not readily ascertainable." She does have a real estate asset, 721 33H LLC, that is worth at least $1 million. 

He has at least $315.35 million in liabilities, including a loan for “over $50 million” from Deutsche Bank used on the Old Post Office, which Trump's development company won the rights to lease for $200 million. Trump has five liabilities listed as “over $50 million,” which make it more difficult to pin down his net worth.

Financial disclosure forms filled out by federal candidates and officeholders display wealth in wide ranges, allowing individuals to say that an asset or liability is worth anywhere between $5 million and $25 million, for example. 

Democratic front-runner Hillary Clinton also released her personal financial disclosure form, which clocked in at 11 pages. She lists more than $5 million in royalties for her book "Hard Choices," and speeches by both her and husband Bill Clinton that netted a combined $6.725 million. 

Hillary Clinton gave six paid speeches last year before launching her White House run, totaling $1.475 million in income, with the largest payday coming from eBay, at $315,000. Bill, meanwhile, made 22 paid speeches in 2015, including 11 after Hillary had announced she would run for president, and earned $5.25 million. 

That's a steep decline from the level of paid speeches the duo had made in the past. In 2014, the Clintons earned about $18 million from around 100 speeches.

One of Hillary Clinton’s largest assets is a JP Morgan Chase custody account, which contains between $5 million and $25 million in cash. She also has anywhere from $5 million to $25 million invested in a Vanguard 500 Index Fund.

Clinton lists having no liabilities. 

Unlike Clinton, Trump has yet to release his tax returns, which would provide more details into his investments, charitable giving and income. 

He has said that there is “nothing to learn” from the forms, and that he cannot release them because they are so large and complex that the Internal Revenue Service audits him.

March 27, 2013

Dione on Money Trouble Again This Time $10.7 Millions



You might be seeing that leopard fannypack and that green sloth coat at a yard sale in front of Dionne Warwick's house sometime soon, because the IRS has got her number, hussy, and that number is $10.7 million. The L.A. Times says that Cousin Dionne wishes she had Lindsay Lohan's tax problems and the only way to pull her 72-year-old ass out from under the mountain of late payment notices from the IRS is to file for bankruptcy.
Dionne's rep says that she owes the IRS and the California Franchise Tax Board millions of dollars for taxes, late fees and interest, and she tried to work out some kind of payment plan with them, but they gave her a thumbs down and so she filed for bankruptcy in her home state of New Jersey. Dionne makes $20,950 a month and her expenses are $20,940 (including $4,000 to her assistant and $5,000 for housekeeping), so she's only got $10 leftover to pay the IRS. Dionne claims she only makes $1000 a month in in music royalties. Dionne's rep blamed her accountants for "negligent and gross financial mismanagement." 
First of all, why didn't one of Dionne's Psychic Friends tell her that her accountants were being gross and mismanaging her cash? That way she could've went on over there, pulled off her house slipper and handled them? Second of all, why does she need to spend $5,000 a month on housekeeping? Dionne can buy a broom at the Dollar Tree and sweep her own damn carpet. (Side note: Even though we had a vacuum, my abuelita insisted on sweeping the carpet and she'd never use a dustpan. She'd sweep all the dirt out the front door. It was probably a Catholic thing.)
Poor Cousin Dionne. Now I can't talk shit about her for taking part in this fucked up foolery with that low-rent Rebecca Black wannabe.
A check is a check even if the check is signed by an auto-tuned fetus.

December 19, 2011

Gary Dourdan from CIS } Having Problems $

Gary Dourdan (© WENN.com)By: 
Gary Dourdan, who played Warrick Dunn on the original “CSI: Crime Scene Investigation,” is facing a possible foreclosure. The actor missed a July payment and owes more than $61,000 as of September, according to TMZ.
Dourdan has been facing a lot of problems lately, both financial and with the law. He originally bought the home in Venice, California in 2004 for $922,000.00.
In 2008 there was media speculation surrounding Gary’s CSI contract negotiations with CBS. The parties could not reach a resolution, and as a result his contract was not renewed. It was reported on April 14, 2008, that Dourdan was leaving the show. His character was shot and left for dead in the Season 8 finale. The premiere of Season 9 revealed Dourdan’s character dying in the arms of his colleague and friend Grissom.
Besides the foreclosure Gary has had several legal troubles he was arrested on April 28, 2008 in Palm Springs after a Palm Springs Police Department officer located “suspected cocaine, heroin, ecstasy, miscellaneous prescription drugs and paraphernalia” in his possession.
Then again, this past June, Dourdan was arrested after he crashed his vehicle into two parked cars. He was charged with drug possession and possession of drug paraphernalia.
Dourdan was arrested at his home in Venice, CA, following an alleged altercation with his former girlfriend, Nicole Vail Cannizzaro. Her nose was broken during the argument. He was charged with felony battery. After pleading not guilty the judge issued a 3 year restraining order and threatened jail time if it was violated.
Is Gary Dourdan Still Acting?
The actor is in the industry, but jobs have been minimal since his departure from CSI: Crime Scene Investigation. He portrayed Chef McKenna in the 2011 film “Jumping the Broom.




October 18, 2011

EX Wamu Head {Remember Wamu-Govt Shut it Down) Wants OWS Out of Wall St!


Tom Leppert is running for Senate in Texas. Who is Tom Leppert? He is a strange tool who wants to collect email addresses for his Senate campaign fundraising spam lists by starting a delusional petition site to “End the Occupation” because, he says, “the Occupy Wall Street crowd represents the same flawed values that got our country into this economic mess.” Hm. What else do we know about Tom Leppert? Tom Leppert believes no one has ever heard of “Google search,” becausehe was also the chairman of Washington Mutual’s audit committee right before the bank torched $63 billion of its investors’ money and became the most failed bank in American history. Tom Leppert, in other words, basically INVENTED “flawed values,” so, uh, he would know? 
Here’s the entire text of his incredibly lazy web site attempt to trick idiots into giving him their email addresses:
The Occupy Wall Street crowd represents the same flawed values that got our country into this economic mess. They possess a false sense of entitlement and think they should be receiving government handouts and run up the debt on an imaginary credit card by making hard-working Americans and future generations pay for the bill.
Please help us reach our goal of 5,000 petition signatures by October 31! We will be sending the petition to President Obama, calling on him to denounce the angry Occupy mob.
And now TOM LEPPERT, ladies and gentlemen, from RawStory:
Before it went down, WaMu was cited as one of the worst offenders in offering the junk loans that inflated the housing bubble. When that bubble popped, WaMu was seized by government regulators, then sold to JPMorgan Chase for $1.9 billion. Chase shortly thereafter received a $25 billion bailout financed by U.S. taxpayers, which it has since paid back.
Luckily for Leppert, he didn’t have to manage that morass, finding himself in a new job just before the crisis hit: Mayor of Dallas, an office he held from 2007-2011.
As a candidate for U.S. Senate, some of Leppert’s largest campaign contributors are in the finance, insurance and real estate sectors. They include the financial services and advisory firm Ernst & Young, which was sued in 2010, and again in 2011, for allegedly helping Lehman Bros. cover up its failing finances ahead of their complete collapse, which was one of main triggers that launched the global financial crisis. Ernest & Young gave Leppert $23,000, according to OpenSecrets.org.
http://wonkette.com/ 
            

October 17, 2011

Gays a Large Presence in Advertising: Gay Market $5-8 Billions


 
The couple cuddles together, beaming down at their new wedding bands.
It could be a typical jewelry store ad except for one key — and for some controversial — difference.
This couple isn’t a man and a woman but two men next to the words “Tivol & Tomorrows.”
Same-sex wedding bands? Or just two male friends admiring their rings?
The ad, which was featured in several local magazines and on a couple of billboards in the last few weeks, is part of a campaign from the Kansas City jeweler that tries to target all of its customers, from same-sex couples to newlyweds.
As for the “Tivol & Tomorrows” ad, jewelry store officials say it’s up to viewers to decide the message.
And decide they have, with some people praising Tivol for its positive presentation of same-sex couples and others chastising the company for the same thing.
“We did not go into it wanting to be political,” said Adam Gebhardt, director of marketing for the 101-year-old family-owned Kansas City company.
“Nothing is overt, and all the ‘Tivol & T’ ads are open to interpretation,” Gebhardt said. “But some have exaggerated the content in their minds, saying the two men were holding hands or kissing, and none of that is true. One woman asked, ‘How am I going to explain it to my children?’ ”
Gay ads are coming out of the closet. Not only is the content more mainstream — less racy, more mundane activities — but the ads also aren’t limited to niche publications.
It’s now fairly common to see ads targeted at gays in magazines, but it’s unusual to see them on billboards, experts said.
“It’s newer to outdoor. That’s as out as you can be, being exposing to everyone,” said Mike Wilke, a New York-based consultant on gay and lesbian advertising and founder of CommercialCloset.org, which tracks such ads. “Even network TV can be somewhat more targeted — certain times, certain programs.”
Wilke, a native of Kansas City, said most advertising is targeted to gender, to age, sometimes to race. “But advertising in mainstream outlets doesn’t often speak to gay people,” he said. “Gays don’t expect to see themselves in advertising.”
The “Tivol & Tomorrows” ad is one of several in the company’s recent “Tivol & T” campaign. For example, a “Tivol & Texting” ad shows a man texting on a cellphone while his wife holds their newborn in a hospital bed. With “Tivol & Tee Time,” a man is teeing off at the golf course with a Tivol watch on his wrist. The campaign was created by The Collaboration, a Kansas City branding and marketing agency.
Tivol recently took down at least one “Tivol & Tomorrows” billboard and replaced it with a new holiday ad.
“There are always going to be people who don’t like an ad for one reason or another,” said Mike Swenson, president of Barkley PR/Cause Marketing in Kansas City. “Are some people negative about the Tivol ad? I’m sure there are. But it’s smart marketing. They are going after a demographic with higher than average disposable income.”
Indeed. Advertising Age said estimates on the spending power of the gay and lesbian market ranges from $500 billion to more than $800 billion. With same-sex marriage gaining approval in more states, a new wedding industry segment is opening at a time when the economy is struggling. GayWeddings.com, for example, has more than 35,000 vendors in its directory catering to same-sex couples.
Still, the ads can cause some backlash.
Earlier this year, J.Crew president Jenna Lyons was featured in an ad painting her young son’s toenails hot pink, “igniting a gender identity controversy,” according to advertising experts. The clothing retailer’s new online catalog showcases a gay designer standing apart from his boyfriend but with one hand grasping his arm.
Swedish furnishing store chain IKEA drew some negative reaction by running an ad in Italy showing two men standing with their backs to the camera but holding hands, with the headline “We are open to all families.”
Kansas City-based Hallmark Cards said it also wants to be inclusive. So it not only became a founding corporate partner for the new Mid-America Gay & Lesbian Chamber of Commerce, based in Kansas City, but three years ago introduced four cards targeting same-sex relationships.
“Much like the job-loss cards that have been getting so much buzz lately, these cards represent what we define as a niche need,” said Linda Odell, spokeswoman for Hallmark.
Independent retailers can choose whether to offer the cards, and Hallmark doesn’t expect the same-sex cards — or any other niche card — to be top-sellers.
“But we do want people who are looking for a card for such situations and relationships to be able to find what’s right for them from Hallmark,” Odell said.
Still, several gay organizations prefer ads that treat their lives as nothing out of the ordinary.
“In gay publications you probably see more skin, but the (mainstream) ads should be subtle. We do want to be seen like any other couple,” said Dan Nilsen, founder and president of the Mid-America Gay & Lesbian Chamber of Commerce. “Tivol will probably get more customers because of it — gays and our straight friends who support us.”
Tien-Tsung Lee, strategic communication track chair at the University of Kansas’ William Allen White School of Journalism and Mass Communications, agreed. His research shows younger consumers, especially young women, are more accepting of gay and lesbian relationships so probably wouldn’t be put off by a same-sex ad.
Running gay ads also can boost a brand’s image, setting up a company as more cutting edge and progressive. Some companies try to have it both ways, targeting the more liberal market without offending more conservative people by designing what Wilke calls “gay vague” ads. They include gay references that may be overlooked by heterosexual viewers while giving a “wink” to gay consumers.
But to Wilke, there’s nothing vague about the Tivol ad.
“One has his arm around the other, so they are touching,” Wilke said. “That intends to suggest a relationship. And the rings are not the typical simple gold band.
“Tivol is doing it with a whisper and not a shout. … They have a certain sophistication in their advertising, and they did a great job with this one.”
To reach Joyce Smith, call 816-234-4692 or send e-mail to jsmith@kcstar.com.   kansascity.com/

 

September 5, 2011

6 ways Washington could create jobs From Well Versed Americans



As the economy sputters, Americans are angry that lawmakers have done relatively little to actually create jobs. What should they be doing?

Best Opinion:  AP, Huff. Post, Wash. Post...
With the unemployment ratestuck at 9.1 percent, Americans might be wondering this Labor Day why the country's political leaders have made so little progress creating jobs. Indeed, until recently, Washington has been furiously debating just about everything except specific solutions to lower the nation's unemployment rate. Now, jobs plans are seemingly everywhere:President Obama will unveil his this week, the Republicans vying to challenge him next year are rolling out plans of their own, and even the Chamber of Commerce, AFL-CIO, and think tanks are getting in the game. What exactly can Washington do to get millions of unemployed Americans back to work? Here, six ideas:
1. Create a national infrastructure bank"Investing in our infrastructure not only strengthens our long-term global competitiveness, but creates jobs for Americans looking for work," says Sen. Chris Coons (D-Del.) in The Wilmington News-Journal. Congress should set up a national infrastructure bank to jumpstart building projects by offering low-cost financing. A public-private infrastructure bank is backed by everyone from President Obama to the Chamber of Commerce, with both Republicans and Democrats on board, says Jim Abrams for the AP. But even if it passes, it will take time to set up, and thus may not have "any real impact on the jobs situation" for a year or two.
2. Approve a new, bigger stimulusTo really dent unemployment and restart the economy, says Robert Reich at The Huffington Post, we should spend "another trillion dollars over the next two years" on federal projects and lending to cash-strapped states. Yes, creating "a million temporary jobs in a federally administered, direct jobs creation program" would spark a major recovery, says Michael Winship in the Canandaigua, N.Y., Messenger Post. Forget it, says Brian Darling at the Heritage Foundation. "There's no way Congress is going to pass another Obama stimulus plan."
3. Cut back on regulation"If Washington is truly interested in creating jobs and stimulating our economy," says Mike Bucci in Virginia's Richmond Times-Dispatch, it will scale back the 150,000 pages of federal regulations that "hamper or eliminate business' ability to create jobs in the United States." Small businesses are the backbone of the economy and "the job creators for our nation." They can't afford to hire full-time lawyers or accountants to make sure they comply with regulations. Less government rules will free businesses to spend their money on new jobs, not regulatory compliance.
4. Invest in job trainingThere are about four unemployed workers competing for each job, says Suzy Khimm in The Washington Post. But in certain industries — manufacturing, health care, and engineering, to name a few — "employers are actually struggling to fill jobs that are increasingly demanding higher skills." One interesting pilot program in Georgia takes people who are receiving jobless benefits and places them at companies, giving the workers on-the-job training at no cost to the employer or state, and little extra cost to the federal government.
5. Punish outsourcing"Creating jobs isn't cheap or easy," says Elizabeth Rose in the Winona, Minn., Daily News. But we can't make any headway as long as we keep losing jobs. The government can do its part by insisting on "buy-American provisions in all government procurement contracts" and getting China to play fair. But "we need the private sector to help, too." Big businesses need to "stop shipping jobs overseas" and hoarding their cash. Americans are "some of the hardest-working people in the world," and it's time to invest in us.
6. Revamp the tax codeLet's face it: "Ours is not a tax system that encourages job growth," says Sen. Coons in The News-Journal. Congress should focus on tax policies that help small businesses grow and innovate while making sure "corporations pay their fair share." Remember, says Gail Russell Chaddock in The Christian Science Monitor, that "with the agenda still shaped by spending cuts, compromises on tax reform may be the only viable route to funding new stimulus spending."

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