Roger Schlesinger

The waste in this country could probably sustain most European nations for decades or longer, yet nobody seems to care. Nobody includes the President, the Senate, The Congress and probably you, and even a bit of me. Years ago this President had a commission that reported back to him on the enormous waste in this country and I for one have not seen anything positive done about this report.

This points to the difference between government and business and shows you why government shouldn't be in business. They should spend their time governing!

A prudent business would not rest while waste is prevalent in their company. They would find it and get rid of it or be forced to either raise their level of production and sales quickly or cut back their workforce to reduce their costs or go out of business.

The government on the other hand simply calls on their “investors” (that would be us) and tells us to hand over more money. Really! Don't get rid of the waste, too hard and takes too long. Call the citizens for money and forget the waste!

While doing some research for this paper I found that there are about 77,000 buildings that are owned by the government that are vacant and cost us over $1.5 billion to maintain each year. The only centralized database, the Federal Real Property Profile, is not considered reliable otherwise they might be able to find the buildings that could be sold. That is if they wanted to actually do that… Or is that too hard and would take too long?

In the stimulus bill there was $8 billion for a high speed railroad from Los Angeles to Las Vegas, which I dubbed "The Las Vegas Casino Recovery Act''". Nothing happened on that project, but supposedly it is now available for any high speed project.

Is it really the government’s job to seek out somewhere to spend the money? The plan made no sense from the start so where is it and why isn't being used to pay down the national debt.

Disability payments to our citizens are a travesty and a tragedy. We spend more money on disability payments to our countrymen and women than we spend on welfare and food stamps combined. In the past the number one cause for disability was heart attack and stroke, about 25% of those disabled. Today 1/3 of the disabled are suffering from a bad back. Everybody has a bad back because we weren't meant to walk on two feet. There are places in the country that decide your disability by your being a college graduate or a high school graduate or less. They believe that college graduates will get desk jobs and those who didn't attend will have to stand and do physical labor.

Roger Schlesinger

Roger Schlesinger's Mortgage Minute is heard on hundreds of radio stations and daily on the Hugh Hewitt radio show and Michael Medved shows. Roger interacts with his hosts and explores the complicated financial markets in order to enlighten his listeners and direct them along their own unique road to financial freedom.