In our last Writing, we reported that Cost of the Presidential Election (counting Money spent by both Parties), exceeded $ 1 Billion, an Amount most People would simply find as staggering. However, as more Figures keep pouring they are suggesting that the Amount spent most certainly was closer to $ 2 Billion. Some Estimates put the Amount spent (including the Money spent by Political Action Committees, which are not directly tied to the Campaigns) to $ 4 Billion.
Still other Reports suggest that, on the Average, approximately $ 20,00 was spent for each Vote Cast.
Some of us may remember Senator Everett McKinley Dirksen, who hailed from a Town with the improbable Name of Pekin, Illinois and who was also a Playwright (notably, ,,Chinese Love'') who said, ,,A Billion Dollars here, a Billion Dollars there, pretty soon you are talking abour real Money!''
These Kinds of Sums of Money, wantonly spent, some might say, by both Candidates and those who supported them, sometimes call into Question the Resolution and Determination which will be required by the winning Candidate, Mr. Obama, to deal with the Challenges ahead.
The immediate Issue facing the Nation at this Time (and we are not dismissing further ones down the Horizon) is the so called ,,Fiscal Cliff'' which must be dealt, rather than ,,kicking the Can forward'' which is what most likely will happen.
Mr. Romney, despite his Rhetoric, did not really have a Plan for dealing with the financial Challenges which face this Country. However, Mr. Obama does not have one either. And, neither does the Republican House of Representatives which is determined to fight him Tooth and Nail on allowing the 10% Cut for High Income Tax Brackets to expire.
In recent Years, ,,Borrow from China'' has been the Solution. In a very real Sense, China has even financed the ill fated and poorly thought out Wars that Mr. Bush initiated in Afghanistan and Iraq and which, although being wound down, still represent an enormous Drain on the Economy. When it comes to certain Things, Costs are not really so easy to cut, even when the Project is brought to an End (Take, for Example, in Iraq, an Embassy employing 15.000 People, the largest Embassy in the World for any Country).
But the Strategy ,,Borrow from China'' may be fraught with Peril. The Chinese have been willing to lend and they may still be willing to lend, even at ,,Basement'' Interest Rates. However, it may well be that the Chinese may soon come to the Point where they cannot lend anymore in order to feed such a voracious Apetite for Deficits, simply because, they won't have any more Money to lend, no matter which Way they ,,manipulate'' their Currency.
Still other Reports suggest that, on the Average, approximately $ 20,00 was spent for each Vote Cast.
Some of us may remember Senator Everett McKinley Dirksen, who hailed from a Town with the improbable Name of Pekin, Illinois and who was also a Playwright (notably, ,,Chinese Love'') who said, ,,A Billion Dollars here, a Billion Dollars there, pretty soon you are talking abour real Money!''
These Kinds of Sums of Money, wantonly spent, some might say, by both Candidates and those who supported them, sometimes call into Question the Resolution and Determination which will be required by the winning Candidate, Mr. Obama, to deal with the Challenges ahead.
The immediate Issue facing the Nation at this Time (and we are not dismissing further ones down the Horizon) is the so called ,,Fiscal Cliff'' which must be dealt, rather than ,,kicking the Can forward'' which is what most likely will happen.
Mr. Romney, despite his Rhetoric, did not really have a Plan for dealing with the financial Challenges which face this Country. However, Mr. Obama does not have one either. And, neither does the Republican House of Representatives which is determined to fight him Tooth and Nail on allowing the 10% Cut for High Income Tax Brackets to expire.
In recent Years, ,,Borrow from China'' has been the Solution. In a very real Sense, China has even financed the ill fated and poorly thought out Wars that Mr. Bush initiated in Afghanistan and Iraq and which, although being wound down, still represent an enormous Drain on the Economy. When it comes to certain Things, Costs are not really so easy to cut, even when the Project is brought to an End (Take, for Example, in Iraq, an Embassy employing 15.000 People, the largest Embassy in the World for any Country).
But the Strategy ,,Borrow from China'' may be fraught with Peril. The Chinese have been willing to lend and they may still be willing to lend, even at ,,Basement'' Interest Rates. However, it may well be that the Chinese may soon come to the Point where they cannot lend anymore in order to feed such a voracious Apetite for Deficits, simply because, they won't have any more Money to lend, no matter which Way they ,,manipulate'' their Currency.
