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Something To Think About Archive

Business leader Lee Iacocca said: “I guess if I had to say only one thing about management, it would be that the key is decisiveness.”

It’s interesting and not a little troublesome to watch the opposing national parties merge at the extremes: Progressive Mayor Mamdani and J.D. Vance are both critical of Free Markets and the globalization that saw unsurpassed U.S. economic growth. And both think that the government should own or control certain commercial enterprises. Right-wing Steve Bannon, for better or worse, sides with AOC and Bernie Sanders wanting to ban data centers essential to AI. President Trump, who at one-time argued against Mitt Romney’s ideas for immigration controls, agrees with DSA Michigan Senate candidate Abdul El-Sayed that we should end the filibuster, the guardrail against one-party rule. It’s upside-down world in America today.

Consumer advocate Ralph Nader said: “I start with the premise that the function of leadership is to produce more leaders, not more followers.”

Congress and the White House have to face the fact that ever-expanding budgets for defense, forever wars and entitlements will mean higher and higher debt limits and borrowing at higher and higher interest rates will be required to service the growing national debt. It is simply unsustainable. Meanwhile, due to Congress’ past missteps in entitlement reform, it’s been reported that Social Security will run out of cash in about six years requiring across the board cuts. Bottom line? A baby born today owes nearly $400,000 in federal debt and unfunded entitlement liabilities.

Tennis great John McEnroe believes that “…one of the hallmarks of a champion — any champion — is the ability to absorb losses and regain confidence immediately.”

Benjamin Franklin once noted that “All mankind is divided into three classes: those that are immovable, those that are movable, and those that move.”

It’s only math: The National Debt is $40 trillion. A trillion is a thousand billion which is a thousand million. So, if you taxed a thousand billionaires $1 billion or a million millionaires $1 million you would reduce the deficit by 2.5%. And then, at present spending rates, you would have to do that every 4 months just to keep up with the ever-expanding national debt. We have a spending problem, not a revenue problem.

The latest price tag for California’s high-speed rail line that was supposed to connect San Francisco and Los Angeles is now $126 billion nearly four times its original estimated cost of $33 billion. Approved by voters 18 years ago with a 2020 completion target, the project has been bogged down by legal battles, cost overruns and politics. Crews have yet to lay a single track, even though they’ve already spent $15 billion and the project isn’t expected to be fully operational until 2040. By then we’ll all be flying in personal electric flying machines.

Peruvian-American writer Carlos Castaneda believed that “We either make ourselves miserable or we make ourselves strong. The amount of work is the same.”

According to Teddy Roosevelt: “The best executive is the one who has sense enough to pick good people to do what he wants done. And self-restraint enough to keep from meddling with them while they do it.”