Inflation May Eat Up Gains in Pay, But we Have Bigger Problems

FNC is reporting that base salaries may fall behind inflation due to companies shifting from raising base pay to bonuses and performance based salary raises.

They also cite rising costs in health care benefits as a problem, over 6%. They say it has risen to about 7000.00 per employee and that is not chump change.

I don’t know if it is a bad thing to reward your employees who perform over those that do not. It would be nice if the base pay kept up with inflation and then we talked bonuses, but companies need to show profits to stay in business.

Ya know, the Left and Democrats are always hot on workers salaries and rights, which once was a real problem, but without an employer the worker has no job and that means zero income; or un-employment pay. We have to understand how to balance these concerns and not just think of workers. We need to think about employers as well, or there will be no workers.

That said, I am no longer defending Wal-Mart. I just heard that they tell their suppliers to go oversees or they won’t do business with them. That is not being competitive that is being un-American. Due to this fact, Sears has merged with Kmart and are pushing the same policies. We cannot keep losing jobs overseas and maintain a middle class in this country.

I believe we are reaching a point where you will see that “free trade” is going to ruin this country. First world countries cannot have free trade with third world countries and not suffer, nor can they compete for the labor market.

What is going to happen is third world countries will prosper and we will suffer. We are seeing this with China now rising as an economic power thanks to our trade policies.

All you people out there that said trade would transform China into a free democratic country should now admit they were wrong and shut up. Don’t tell me we should open trade with Cuba because that will turn them free, because this concept has already been proven wrong.

Democrats Fiscally Conservative??

When did the Democrat party become the fiscal conservative party? There is currently a battle over an amendment to the Senate budget called paygo. Which stands for Pay As You Go. Sounds good right? The amendment would mandate that legislation to raise spending or cut taxes would need the support of 60 of the 100 senators unless it was accompanied by enough spending cuts or tax increases to offset its effect on the deficit. Well this makes sense to me. But guess who is fighting it? The Republicans! Guess who is pushing it? The Democrats! The world is not right anymore. Nothing makes sense to me any longer.

The Senate Budget Committee rejected the Paygo amendment last week by a party-line vote of 12 Republicans opposed and 10 Democrats in favor. Sens. Dianne Feinstein (D-Calif.) and George V. Voinovich (R-Ohio). Dianne Feinstein? I always disagree with this women! How do I find my self on her side? There must be something I am missing that makes this Bill wrong. There just has to be a reason!

Nussle and his counterpart on the Senate Budget Committee, Sen. Judd Gregg (R-N.H.), have said they object to paygo because it would come down harder on tax cuts than on spending increases. The strictures of paygo would be brought to bear against all tax-cut legislation, but programs that guarantee benefits to qualified individuals, such as Social Security, have automatic increases built in so no legislation is needed to authorize the larger spending. And because there is no legislation for those increases, their argument goes, paygo would not apply.

Aha! I knew it! I knew there had to be a catch! My world is now right again. Whew, that was a close one.