THE BRYCE IS RIGHT!

Software for the finest computer – The Mind

  • Tim’s YouTube Channel

  • Enter your email address to follow this blog and receive notifications of new posts by email.

    Join 962 other followers

  • Categories

  • Fan Page

  • Since 1971:
    "Software for the finest computer - The Mind"

    Follow me on Twitter: @timbryce

  • Subscribe

Archive for July, 2016

WHO ADMINISTERS STATE GOVERNMENTS BETTER, DEMOCRATS OR REPUBLICANS?

Posted by Tim Bryce on July 8, 2016

BRYCE ON GOVERNMENT

– A new report from George Mason University says a lot.

(Click for AUDIO VERSION)
To use this segment in a Radio broadcast or Podcast, send TIM a request.

Today we hear stories about the economic instability of state governments, rising taxes, potential bankruptcies, etc. Are these flukes of just bad policies and administration? According to a recent report from the Mercatus Center at George Mason University, it appears success is not by accident, and Republicans appear to do a better job than their Democratic counterparts.

The Mercatus report, titled “Ranking the States by Fiscal Condition” (June 1, 2016), examined the financial stability of the fifty states, plus Puerto Rico. The report considered debt and financial obligations, as well as state pension programs and health care benefits. Not surprising, Puerto Rico, with its pending bankruptcy, was rated dead last (#51).

The TOP 10 states demonstrating financial solvency include:

#1 Alaska
#2 Nebraska
#3 Wyoming
#4 North Dakota
#5 South Dakota
#6 Florida
#7 Utah
#8 Oklahoma
#9 Tennessee
#10 Montana

The BOTTOM 10 states not demonstrating financial stability include:

#41 Maryland
#42 New York
#43 Maine
#44 California
#45 Hawaii
#46 Kentucky
#47 Illinois
#48 New Jersey
#49 Massachusetts
#50 Connecticut
#51 Puerto Rico

Perhaps the most noteworthy observation made was that all of the Top 10 states are Republican controlled, meaning both the Governor and the legislatures are in GOP hands. Further, with the exception of Kentucky, all of the bottom 10 states, plus Puerto Rico, are controlled by the Democrats. In New Jersey, the Governor is Republican, but both houses of the legislature are controlled by the Democrats.

Let’s examine the differences between #1 Alaska and #50 Connecticut. According to the Mercatus report:

Alaska: “Given Alaska’s reliance on oil revenues, the state has between 22.46 and 23.44 times the cash needed to cover short-term liabilities. Revenues exceed expenses by 55 percent, producing a surplus of $8,296 per capita. On a long-run basis, net assets represent 85 percent of total assets, and liabilities are 3 percent of total assets.”

Connecticut: “Connecticut’s fiscal position is poor across all categories. With between only 0.46 and 1.19 times the cash needed to cover short-term liabilities, Connecticut’s revenues matched only 94 percent of expenses, producing a deficit of $505 per capita. The state is heavily reliant on debt to finance its spending. With a negative net asset ratio of -0.88 and liabilities exceeding assets by 34 percent, per capita debt is $9,077. Total debt is $20.88 billion. Unfunded pensions are $83.31 billion on a guaranteed-to-be-paid basis, and other postemployment benefits (OPEB) are $19.53 billion. Total liabilities are equal to 53 percent of total state personal income.”

The difference between the two states is rather obvious, one has developed assets and works to live within its means; the other relies on deficit spending thereby adding to the state’s debt.

Beyond assets and liabilities, the programs established for social services and employment varies. For example, with the exception of Alaska, all of the Top 10 are “Right to Work” states, and none of the Bottom 10 have a “Right to Work” program.

From the Mercatus report, you can conclude Republican states take their fiduciary responsibility more seriously. The Democratic states seem to possess a credit card mentality where they spend and spend on social programs and civic projects without considering how to pay for them, causing the states to lean towards a Puerto Rican bankruptcy scenario.

I invite you to examine the report and consider how well your state is managing its financial resources. Click HERE.

Also published with News Talk Florida.

Keep the Faith!

Note: All trademarks both marked and unmarked belong to their respective companies.

Tim Bryce is a writer and the Managing Director of M&JB Investment Company (M&JB) of Palm Harbor, Florida and has over 30 years of experience in the management consulting field. He can be reached at timb001@phmainstreet.com

For Tim’s columns, see:   timbryce.com

Like the article? TELL A FRIEND.

Copyright © 2016 by Tim Bryce. All rights reserved.

NEXT UP:  WILL TRUMP SUPPORTERS DEFEND THEMSELVES? – Who will pull the trigger?

LAST TIME:  TRUMP’S GOAL: ENERGY INDEPENDENCE  – The benefits from becoming the world’s energy merchants.

Listen to Tim on WZIG-FM (104.1) in Palm Harbor,FL; KIT-AM (1280) in Yakima, Washington “The Morning News” with hosts Dave Ettl & Lance Tormey (weekdays. 6:00-9:00am Pacific); and WWBA-AM (News Talk Florida 820). Or tune-in to Tim’s channel on YouTube.

Advertisements

Posted in Government, Politics | Tagged: , , , , , | 1 Comment »

TRUMP’S GOAL: ENERGY INDEPENDENCE

Posted by Tim Bryce on July 6, 2016

BRYCE ON ENERGY

– The benefits from becoming the world’s energy merchants.

(Click for AUDIO VERSION)
To use this segment in a Radio broadcast or Podcast, send TIM a request.

On May 26th, 2016, Republican presidential candidate Donald J. Trump issued “AN AMERICA FIRST ENERGY PLAN” whereby he claims, “Under my presidency, we will accomplish complete American energy independence.”

He goes on to say, “American energy dominance will be declared a strategic economic and foreign policy goal of the United States.” When I read this, it was music to my ears as someone from the United States finally figured out the importance of energy independence and wants to go beyond mere words to physical implementation.

Unfortunately, Mr. Trump’s plan didn’t receive much attention from the press, in fact it was buried and dismissed as insignificant. However, his point is incredibly important to our country.

Trump’s declaration is reminiscent of 1962, when President Kennedy challenged the country to put a man on the moon by the end of the decade, and by doing so established a national objective for us to aspire to. We met that goal and won the space race. In the process, we created new technologies, industries, jobs, and promoted education in the process. Basically, it reinvigorated the country, bringing us out of the doldrums, and created a boom-time in business. It was a win-win scenario all around, but that was then, this is now. Today, the space program is considered passé and the country is experiencing economic stagnation. Frankly, we don’t know where we are going anymore, except possibly in circles.

We should learn a thing or two from Kennedy’s challenge and establish a new goal. Perhaps it should be underwater research, fix the national infrastructure, or devise a new rapid transit system. To Trump, the logical choice should be to establish energy independence as our national priority, thereby freeing us from Middle Eastern entanglements and economic extortion.

Such a national goal would invigorate education, particularly in the areas of geology, engineering, and mathematics. New technologies would inevitably be devised to access and cultivate energy resources. We already know there are huge reserves of untapped oil, gas, and coal in this country which we should capitalize on. Beyond this, there is the prospect of nuclear, wind, solar, and oceanic energies which we should continue to pursue. Whoever masters the energy resources of the world commands their own destiny. Currently though, we are forced to dance to somebody else’s fiddle which does not bode well for our economic well-being.

4.3 billion barrels of oil have been discovered in Montana and North Dakota, easily dwarfing oil production in the Middle East. We are also sitting on a huge gas field in Pennsylvania, Eastern Ohio, and Western New York. And let us not forget the other billions of barrels of oil in Alaska and off our shores. Such resources offer a golden opportunity to relieve our economic plight as exemplified by the current oil rush in North Dakota and Montana where jobs are aplenty.

The challenge, of course, is extracting the energy without harming our environment, which is why we need a national challenge to meet our demand without hurting ourselves. Like Kennedy, this requires presidential leadership which, unfortunately, is lacking at this time. The benefits are simply too numerous to overlook. A national energy objective would put the country back to work, promote education, research and development of technology, and free us from foreign entanglements which have plagued us for years.

Trump’s statement of our national resolve could work wonders for us right now. It would give us a sense of direction and hope. There are countries who command gold reserves, diamonds and minerals, etc. Frankly, I’ll settle for being the energy merchant of the world. Everybody else will be forced to fall in line behind us.

Tree huggers, climate control people, and Democrats in general are wary of such a national goal, claiming it will hurt the environment. However, if we applied a little commonsense and a lot of research into it, I’m confident we can overcome their objections. The benefits of energy independence are simply too numerous to overlook any longer. If we had energy independence, we could then easily pay for such things as underwater research, fix the national infrastructure, or devise a new rapid transit system. It would be chicken feed.

Trump is right on this one, and we should openly commend and support such a program.

Also published with News Talk Florida.

Keep the Faith!

Note: All trademarks both marked and unmarked belong to their respective companies.

Tim Bryce is a writer and the Managing Director of M&JB Investment Company (M&JB) of Palm Harbor, Florida and has over 30 years of experience in the management consulting field. He can be reached at timb001@phmainstreet.com

For Tim’s columns, see:   timbryce.com

Like the article? TELL A FRIEND.

Copyright © 2016 by Tim Bryce. All rights reserved.

NEXT UP:  WHO ADMINISTERS STATE GOVERNMENTS BETTER, DEMOCRATS OR REPUBLICANS? – A new report from George Mason University says a lot.

LAST TIME:  THE DARK SIDE OF THE PRESS  – How the carpet bombing of news can produce unsavory results.

Listen to Tim on WZIG-FM (104.1) in Palm Harbor,FL; KIT-AM (1280) in Yakima, Washington “The Morning News” with hosts Dave Ettl & Lance Tormey (weekdays. 6:00-9:00am Pacific); and WWBA-AM (News Talk Florida 820). Or tune-in to Tim’s channel on YouTube.

Posted in Energy, Politics | Tagged: , , , , , | 1 Comment »

THE DARK SIDE OF THE PRESS

Posted by Tim Bryce on July 1, 2016

BRYCE ON THE MEDIA

– How the carpet bombing of news can produce unsavory results.

(Click for AUDIO VERSION)
To use this segment in a Radio broadcast or Podcast, send TIM a request.

We recently witnessed an incident at the Cincinnati Zoo whereby a four year old boy fell into a gorilla habitat and was discovered by a rather large lowland silver-back gorilla named “Harambe.” I think just about everyone has now seen the footage.

Fearing for the child’s safety, zookeepers had to act fast. A tranquilizer shot may have produced unpredictable and disastrous results. Therefore, a life or death decision had to be made to shoot the gorilla and save the child. What ensued was an inordinate amount of press coverage resulting in a flurry of condemnation from people around the world complaining the zoo had mishandled the affair.

Could the mother have taken better precaution to watch her child? Undoubtedly. Nevertheless, the boy fell into the moat with Harambe and a quick decision had to be made. Frankly, I think zoo officials made the right decision. Although it was unfortunate to destroy the gorilla, human life should take precedence. Would the zookeepers have acted differently if it was the lion or tiger habitat? Unlikely.

What is perhaps more frightening is how the press was able to stir up outrage over the incident. All of the news networks showed the video of the gorilla and child, and interviewed people, both professional and John Q. Public, about their opinion. In the end, it was the zoo’s responsibility and they handled it professionally. If anything, I am sure they will be reviewing safety precautions around the exhibits.

The press simply beat this story to death, resulting in negative publicity for both the zoo and the child’s family. On-line petitions have also been introduced with thousands of signatures and comments, many of which sounded like a lynch mob. Frankly, the people should stand down and let public officials perform their investigations. Regardless of the outcome, the people will not be satisfied.

The public outrage generated by the press was essentially no different than what followed the deaths of Trayvon Martin in Florida, Michael Brown in Missouri, and Freddie Gray in Baltimore, and we are all familiar with the repercussions from these stories. In all three instances, the public cried out for retribution before authorities finished their investigation.

A lot of this can be attributed to what I call the “carpet bombing” of news by the media. Instead of allowing officials to do their job, the press beats a story to death and whips the public into a frenzy. Whether it is Florida, Ferguson, Baltimore, and now Cincinnati, the press should bear a share of the responsibility for provoking public uproar. For example, the family of the four year old boy went into seclusion in fear of being attacked by the public.

Regrettably, the press has the uncanny ability to jump to conclusions and judge people in the court of public opinion. Instead of being considered innocent until proven guilty in a court of law, it is now just the opposite. Frankly, the actions of the press are reprehensible.

Having spent many years in Cincinnati, I have known the zoo to be a world class facility and took my children there many times when they were young. I hope the citizens of Cincinnati will rally to support it. As for the press, until such time as the investigation is completed, the press should cover another story. Please don’t tell me there’s nothing going on in the Middle East, or with Russia’s Putin, the economy, or the presidential campaign trail; just move along.

Also published with News Talk Florida.

Keep the Faith!

Note: All trademarks both marked and unmarked belong to their respective companies.

Tim Bryce is a writer and the Managing Director of M&JB Investment Company (M&JB) of Palm Harbor, Florida and has over 30 years of experience in the management consulting field. He can be reached at timb001@phmainstreet.com

For Tim’s columns, see:   timbryce.com

Like the article? TELL A FRIEND.

Copyright © 2016 by Tim Bryce. All rights reserved.

NEXT UP:  TRUMP’S GOAL: ENERGY INDEPENDENCE – The benefits from becoming the world’s energy merchants.

LAST TIME:  HILLARY CLINTON IN DENIAL  – The report from the Inspector General may hurt her irreparably.

Listen to Tim on WZIG-FM (104.1) in Palm Harbor,FL; KIT-AM (1280) in Yakima, Washington “The Morning News” with hosts Dave Ettl & Lance Tormey (weekdays. 6:00-9:00am Pacific); and WWBA-AM (News Talk Florida 820). Or tune-in to Tim’s channel on YouTube.

Posted in Media, Politics | Tagged: , , , , | 3 Comments »

 
%d bloggers like this: