Framing the Dialogue

Posts Tagged ‘infrastructure’

Taxing Economics

gas taxI should go back sometime over my previous posts to see how many times I’ve mentioned the fact that far too many Americans lack a basic understanding of economics.  You would think by now and knowing this fact that I would somehow be immune to the stupidity and let it go.  It seems that I cannot.

Fungible (fun-je-bul)

The dictionary defines fungible as:

  1. Returnable or negotiable in kind or by substitution, as a quantity of grain for an equal amount of the same kind of grain.
  2. Interchangeable
  3. of goods or commodities; freely exchangeable for or replaceable by another of like nature or kind in the satisfaction of an obligation

Synonyms:  changeable, commutable, compatible, converse, convertible, equivalent, exchangeable, interconvertible, mutual, reciprocal, reciprocative, same, substitutable, synonymous, workalike

Quote:

“People think this tax is for Social Security. But tax monies are really fungible. They get raided all the time.”

— Eugene Ludwig

Fee Fi Foe Fraud

Here is a headline that unveils a basic tenant of ALL elected officials.  Their goal, both Democrats and Republicans, is to find a way to get our money so they can lavish it onto their constituents…

A New Kind of Pork

Apparently the federal government is tired of hearing about pork spending on highway projects so they went out and actually bought some pork with American Recovery and Reinvestment Act (“ARRA”) money.  The Department of Agriculture actually purchased over three-quarters of a million pounds of ham slices to the tune of $1.2 million. 

Fox News did the math and you or I could have purchased similar products at a retail store for about half the price.  As a Costco and Sam’s Club member, I can appreciate purchasing in bulk, however, that much pork is impressive.

Stimulus (stim – you – less)

Stimulus is defined as:

“Something that rouses or incites to action or increased action; incentive”

Synonyms:  inducement, provocation

Can you use it in a sentence?

President Barack Obama said the $787 billion economic stimulus plan is beginning to take hold and that work is coming in “ahead of schedule and under budget.”

Can you give me an example?

The stimulus package was hoisted on to the taxpayers as a means to “rebuild crumbling roads and bridges, modernize airports and shipyards, develop high-speed rail networks and restore aging public transit systems.