Why US Congress does not pass a budget

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This may appear to be a problem just for the USA – it’s their government’s debt, right? However, if the US ‘implodes’ from that debt, the world’s financial markets will implode too, and then we’ll all be in deep, deep trouble!

WARNING: IF YOU CAN’T HANDLE REALITY AND WOULD RATHER NOT KNOW WHAT IS PREDICTED FOR THE UNITED STATES OF AMERICA, DO NOT WATCH THIS.

Not so complicated when it’s laid out in simple math. The pain that he’s talking about? Remember, government’s biggest source of income is ORDINARY Americans. Start getting ready for it as best you can.

Why Congress Does Not Pass a Budget

Published on Mar 14, 2012 by Hal Mason

See parallels to Dunedin City Council and its debt, and who will have to pay

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Posted by Elizabeth Kerr

Beloved Prime Minister ‘Jonkey’ speaking #childpoverty

### ODT Online Tue, 28 Aug 2012
Universal child benefit a ‘dopey’ idea: Key
Prime Minister John Key has dismissed as “dopey” a recommendation from a panel of experts that a universal child payment should be reintroduced as a way of reducing child poverty. The expert advisory group brought together by Children’s Commissioner Dr Russell Wills to find solutions to child poverty released its recommendations today.

Group members include AUT accounting expert James Prescott, Major Campbell Roberts of the Salvation Army, Professor Ritchie Poulton of the Dunedin School of Medicine and Philippa Howden-Chapman, a public health expert.

Among [the group’s] recommendations for the longer term was a universal child payment for under sixes. The payment would be highest while the child was a baby, when costs were high, and would decline through childhood. Co-chair Dr Tracey McIntosh said the payment was about ensuring children had the best start in life. “Investment in the early years has a particularly strong link to better outcomes for disadvantaged children”.
Read more

Download report and related documents here:
http://www.occ.org.nz/publications/child_poverty

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### ODT Online Sun, 26 Aug 2012
Child poverty costs country $6b a year: report
Child poverty is costing New Zealand $6 billion each year, according a new report commissioned by organisation Every Child Counts.

Every Child Counts chairman Murray Edridge defined poverty as children missing out on needed goods and services including adequate housing, nutrition, warm clothing and healthcare.

Manager Deborah Morris-Travers told TVNZ’s political programme Q+A 25 per cent of children in New Zealand are living in poverty. She said it was concerning to see how poverty affected different ethnicities with 40 per cent of Pacific Island children and 27 per cent of Maori children living in poverty. The report, “1000 days to get it right for every child – the effectiveness of public investment in New Zealand children”, released this week, examines initiatives from the Netherlands which could be applied here. APNZ
Read more

Download report here:
http://www.everychildcounts.org.nz/news/1000-days-to-get-it-right-for-every-child-poor-child-outcomes-costing-the-nation-billions/

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Household Incomes in New Zealand: Trends in Indicators of Inequality and Hardship 1982 to 2011 (Aug 2012)

Download report and related documents here:
http://www.msd.govt.nz/about-msd-and-our-work/publications-resources/monitoring/household-incomes/index.html

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Related Posts and Comments:
17.2.12 Salvation Army: The Growing Divide
23.11.11 Last night, did John Key watch…(TV3): Inside Child Poverty
26.10.11 2011 Voices of Poverty: Research into poverty in Dunedin

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Posted by Elizabeth Kerr