Tuesday, November 4, 2008
Convert amount to words in RPG ILE
Mom of all Bailouts - smart timing?
One thing about the bailout package for the
Did President Bush have something else at the back of his mind when he initiated this move? By proposing to inject about a trillion greenbacks into the financial world, was he trying to preempt a prospective Obama presidency from having the leverage to be able to spend more in the future? Was he trying to somewhat limit the ability of the future President to spend beyond his means? If that was the objective, how is it all going to play out for a prospective McCain Presidency?
The way I see it, regardless of the promises made on the stump, the big spending initiative right at the cusp of the elections will change the way the next administration will have to govern. President Bush has, with one swipe, put a damper on the Democrat thirst for over-spending by doing exactly what they would want to do – increase spending! Obama has already been talking about a trillion in additional spending during his administration and President Bush’s action will somewhat limit his ability to deliver on that promise. Even if he does do that, he will have to do it by either raising taxes higher or by spreading the tax net wider which will surely make him pretty unpopular, thus clearing the playing field for a much more conservative future administration. As a bonus, an Obama win effectively puts off a possible Clinton Presidency by at least 8 years!
If McCain wins the Presidency, it will be upto him and Palin to come up with innovative ways to fund the bailout package without increasing the tax rates. They will act as an effective counter check to the spend-thirsty Congress. Of course, even they will be limited and cash strapped, but if they are dead serious about eliminating earmarks, they will be able to find the dough to fund their campaign promises.
No matter how this election pans out, President Bush’s last spending initiative is sure to leave the next administration with a bigger challenge then they had initially bargained for. One of my major gripes with President Bush’s policies has been his liberal spending throughout his term, but if he really did initiate the biggest of them all to help limit future spending, touché!
Monday, October 27, 2008
Thursday, October 16, 2008
Why Chiru should tackle corruption
Can we achieve all round prosperity?
Difficult but do-able. Andhra Pradesh is already on the path to higher prosperity, thanks in large part to the previous two administrations. True, there have been obstacles and distractions on the way that we could have done without. And there is rampant corruption that has become deep rooted in the administration that is preventing more rapid development. There have been difficulties that regular people have had to face all along this path and much of this has been the result of rampant corruption.
This is where Chiranjeevi should focus his efforts. This role will not only be a continuation of what he has depicted in a multitude of films (thus making it easier for him to bring this topic to the fore), but dealing with it will also help our state come to the front of the ladder when it comes to overall development. Corruption has been the root cause of many of the problems common people have been facing since independence. To effectively take care of this animal, Chiru has to live for the fight day in and day out. Sure, there will be people within his party and amongst his close family and friends who might already be salivating at the prospects of having a go at a piece of the corruption pie and that is what Chiru will need to address up front. Like the saying goes, cleanup begins at home. Half the battle would be won if he makes it clear that he will not tolerate any corruption from any of his party members. With that out of the way, he will be able to campaign on the anti-corruption slogan.
Once Chiru gets settled down in his new role (that is our hope and objective right?), he should concentrate on efforts to weed out corruption in any shape or form. He might convey his seriousness by forming an anti-corruption ministry and giving it all the powers that it needs to help wipe out corruption from the state, city and local government wings. Incidents of corruptions should be treated as offences against the state and officers indulging in it should be punished. This maybe done by using a graded approach structured on the lines of the point system which is used by police across the world to write up offensive motorists. Offenders can be given points and the number of points earned would determine the severity of punishment. Punishment can range from warnings to demotions to termination with a bad rec. Such a standard should be worked out during the campaigning itself thus letting everybody know that Chiru means business and that he is willing to walk the talk.
Most Indians are aware that enforcement is a problem anywhere in
Is Obama the medicine America needs?
With but a few weeks to go for the final vote to be cast and the verdict to be sealed and most polls suggesting that Americans are leaning towards an Obama presidency, one cannot but stop and wonder why, for the first time, the US is on the cusp of choosing the most socialist and communist administration in its history.
From another perspective, the recent economic crisis more than anything else, seems to have dwarfed this fact and turned the tide in Obama’s favor; for now. Once the dust settles down and Americans take the time to ponder over their choice, they will realize that by choosing Obama, they have indeed chosen more of the same vis-à-vis Jimmy Carter. And as time goes by, they will realize that more of the same a la George Bush (though, in my opinion, McCain is more liberal than George Bush) would have been way better for their day to day lives than more of the same a la Jimmy Carter. Of course, by then, it will be too late for them to reverse their choice, at least for another four years. Atleast they would have figured out that Obama might as well been referring to himself when he was suggesting 'more of the same' while on the stump.
The
Obama’s tax and wealth redistribution policies might work well in countries where people have been subjugated for generations together, but in a country like the