News briefs are my collection of interesting news stories that may not warrant a full post…
Brief 1: It seems like the citizens of Japan want the U.S. out of their country. The UK Daily Mail reported that thousands of protesters called for the removal of all of the estimated 47,000 U.S. troops. Apparantly our troops are noisy and pollute as they protect the pacific rim. I say bring em home. Why spend our tax dollars to boost the Japanese economy. There are a lot of communities in the United States that would welcome them and the money they spend. We also need to take all of our equipment and defense technology too. While we are at it, we can take them out of Germany too.
Personal Finances: My wife and I have amassed some decent credit card debt by spending more money than we had available, or deficit spending. Since we are blessed with a good credit rating, the banks are always willing to raise our credit limit. They are just so nice about that. Rather than take advantage of those nice folks’ offer, we are in the process of reducing that debt through a number of means. We are going to have to spend less, sell some investments, and restructure some debt, but should have it eliminated within the next three months. Although it will be hard, but we feel that there is a need to eliminate this debt.
About 75 percent of the members of the United Auto Workers Union rejected a deal that would have given concessions to the Ford Motor Company. The concessions were reported to be similar to those given to GM (Government Motors) and Chrysler after they received large sums of bailout money. Ford Motor Company did not take government help and has emerged as the strongest of the “Big 3” American automakers. Ford was the only U.S. automaker not to file bankruptcy…yet.
Socialism is defined as:
“an economic system of government which advocates state ownership of the means of production with equal distribution of goods among the people.”
- Socialist governments own the banks, car companies, farmlands, factories, and stores, and is the only employer and consequently owns the means of production. The government controls all investments, production, distribution, income, and prices, as well as all organizations, schools, news media and formerly private societies.
- Socialism is the antithesis of capitalism, opposes private ownership of capital or land, and rejects the free market in favor of central planning.