JobsOhio

Gov. John Kasich, Department of Development Director Mark Kvamme, Senate President Tom Niehaus and state Rep. Mike Duffey talk about plans to implement JobsOhio and privatize the Department of Development. Press conference in Columbus:




And here’s the press release:

COLUMBUS – Today Gov. John Kasich, Rep. Mike Duffey (R-Worthington), and Senate President Tom Niehaus (R- New Richmond) started the process to create JobsOhio, a new, private sector jobs-creation agency to replace Ohio’s outdated state-run economic development program and help revive Ohio’s economic development efforts.

Appearing at Tarrier Steel in south Columbus, a nearly century-old family-run steel fabrication business where Kasich unveiled the idea for JobsOhio in August, Kasich called on the legislature to quickly enact the measure so it can go to work helping to revive Ohio’s economy and to create jobs.

“Jim Rhodes created the Department of Development to organize “Rhodes’ Raiders” in a more effective way, and it worked for a number of decades, but we’re to the point now where the Department, in many ways, has lost its focus. As a result of having too many things stuffed into that department, it clearly hasn’t been as effective or efficient as we would like. What we’re doing here is taking that original model and letting loose our entrepreneurs to use their skills to end the siege Ohio is under. Everyday there’s another company approaching us to say another state is bidding to get them in. JobsOhio is an organization that is going to move at the speed of business and move at the speed needed in order for Ohio to be a job creator,” said Kasich.

Highlights of the legislation include:

· Details of the governance and leadership of JobsOhio, which will be overseen by a 9-member board that includes the governor, who will be the chair. Board members will be appointed by the governor and serve four year terms. A chief investment officer appointed by the board will run the corporation.

· JobsOhio will start with a $1 million appropriation from the state and will be able to receive additional public and private funds, including state budget appropriations for Department of Development functions that would be contracted to JobsOhio.

· A focus on accountability and transparency, which will be an integral part of JobsOhio, from financial records and audits to the names and compensation of all employees.

For additional highlights of the bill, see a related fact sheet at: http://governor.ohio.gov/portals/0/pdf/JobsOhioFactSheet.pdf

About mkovac

I am the Capital Bureau chief at the Ohio Statehouse for the Dix newspaper chain and The Youngstown Vindicator. I cover Ohio politics, legislation, etc., for newspapers in Wooster, Ashland, Defiance, Ravenna, Alliance and Cambridge. I've been a full-time, professional newspaper reporter and/or editor since 1993. I spent my first seven years working as a staff writer, business editor and (for a very short stint) interim managing editor at The Tribune in Ames, Iowa, a little paper that was co-owned by Pulitzer-winner Michael Gartner. I worked another seven years as business editor, farm editor, county government reporter and special projects editor at The Daily Record in Wooster (part of the Dix chain). I've been worked as Statehouse reporter since late January 2007. I hold a bachelor's degree in news-editorial journalism from Ball State University in lovely Muncie, Ind. I grew up in the southern suburbs of Chicago (graduated from H.L. Richards High School in Oak Lawn). My wife and I have three children.
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13 Responses to JobsOhio

  1. Pingback: Kasich “unveils” JobsOhio proposal that lacks concrete details, but Ohio GOP promises to pass it by early February

  2. Loren Eberly says:

    Representatives us the Government of this Representative Republic elected appointing nonprofit, tax exempt Czars to develop jobs in Ohio. Is defiant of demands of Natural Law: what Mother Nature, God, or Whatever Power decreed to be the reality of the real world, democracy, capitalism, the US Constitution, and free, fair, and affordable commerce?

    Reality demands every corporation, farmer, business, outsourcer sweatshop, and nonprofit, tax-exempt, organization and Church markets the cost in the wholesale and retail price of his or her product and service; of every workers, consumers, and taxpayers living including pension and health care. Enabling parents to love, nurse, nurture, discipline, protect, and provide, for every child (job) they conceive and fund schools, infrastructure, local and national security, government services, and etc.; with money derived from wages or independent business profit.

    Scamming Veterans, Fathers disqualified for affirmative action with white skin, Union workers, consumers, taxpayers, and America’s grandchildren’s children. To pay for all stimulus packages, tax abatements, tax incentives, tax refunds, tax credit, tax exemptions, awarded corporations, farmers, businesses, outsourcer sweatshops, and nonprofit, tax-exempt, organizations and Churches and pay for the more stock dividends (money) Hillarys, Chinese, Foreign and Domestic Investors and Stockholders (money marketers) market quarterly. In the wholesale and retail price of every product and service Human Beings use for life. And Government needs to build, maintain and operate schools, infrastructure, and provide local and national security, and Government services. That gets only product or service.

    And fund lottery, casino, and keno losers, unemployed workers, aliens, waitresses that pander for life for $2.00 per hour, insubordinate low-income, workers and volunteers without wages, nonunion parasites willing to work for fewer wages than they can afford life, righteous with a faith-based belief that it’s a sin to engage in free, fair, and affordable commerce. Or get an agreement (union contract) with every corporation, farmer, business, outsourcer sweatshop, and nonprofit, tax-exempt, organization and Church; agreeing to market the cost in the wholesale and retail price of his or her product and service of every workers, consumers, and taxpayers living including pension and health care. That pays with welfare checks, food stamps, housing vouchers, and Medicaid.

    Makes free, fair, and affordable commerce IMPOSSIBLE; Makes funding schools IMPOSSIBLE; Makes balancing every budget IMPOSSIBLE; Makes Veterans, Union workers, consumers, taxpayers, and America’s grandchildren’s children LIFE UNAFFORDABLE; and created Ohio’s $1.35 trillion budget deficit, the $40 trillion social security and the $14 trillion national debt. America’s grandchildren’s children are responsible to pay Chinese, Foreign and Domestic Investors and Stockholders interest with this debt until they are 18 years old. Then pay the debt with the $7.20 per hour government mandated labor wage.

    There is no reason to believe America’s grandchildren’s children that go to bed hungry can afford life and pay this debt with the $7.20 per hour Government mandated labor wage in a hundred million years. With money derived from wages or independent business profit.

  3. Loren Eberly says:

    Development and Rehabilitation
    Representatives of us the Government award investors that develop and rehabilitate real estate; 12 year 100% property tax abatement to rehabilitate and sell tax exempt Government controlled property to investors; for millions of dollars.

    Natural Law: what Mother Nature, God, or Whatever Power decreed to be the reality of the real world, democracy, capitalism, the US Constitution, and free, fair, and affordable commerce?

    Demands every corporation, farmer, business, outsourcer sweatshop, and nonprofit, tax-exempt, organization and Church markets the cost in the wholesale and retail price of his or her product and service; of Investors, Veterans, Fathers disqualified for affirmative action with white skin, Union workers, consumers, taxpayers, and America’s grandchildren’s children.

    Pay for all stimulus packages, tax abatements, tax incentives, tax refunds, tax credit, tax exemptions, and pay sales tax on the more stock dividends (money) Hillarys, Chinese, Foreign and Domestic Investors and Stockholders (money marketers) market quarterly. In the wholesale and retail price of every product and service Human Beings use for life. Investors need to develop and rehabilitate property. And Government needs to build, maintain and operate schools, infrastructure, and provide local and national security, and Government services. With money derived from wages or independent business profit.

    Investors scamming Veterans, Fathers disqualified for affirmative action with white skin, Union workers, consumers, taxpayers, and America’s grandchildren’s children that rent Investors rehabilitated property. To pay for Investors (money marketers) marketing more stock dividends (money) quarterly; in cost of rent.

    Makes free, fair, and affordable commerce IMPOSSIBLE; Makes funding schools IMPOSSIBLE; Makes balancing every budget IMPOSSIBLE; Makes Veterans, Union workers, consumers, taxpayers, and America’s grandchildren’s children LIFE UNAFFORDABLE; and created Ohio’s $1.35 trillion budget deficit, the $40 trillion social security and the $14 trillion national debt. America’s grandchildren’s children are responsible to pay Chinese, Foreign and Domestic Investors and Stockholders interest with this debt until they are 18 years old. Then pay the debt with the $7.20 per hour government mandated labor wage.

    There is no reason to believe America’s grandchildren’s children that go to bed hungry can afford life and pay this debt with the $7.20 per hour Government mandated labor wage in a hundred million years. With money derived from wages or independent business profit.

  4. Loren Eberly says:

    Demanding School teachers, Veterans, Fathers disqualified for affirmative action with white skin, Union workers, consumers, taxpayers, and America’s grandchildren’s children, and nonunion parasites work for the $7.20 per hour Government mandated labor wage.

    Makes free, fair, and affordable commerce IMPOSSIBLE; Makes funding schools IMPOSSIBLE; Makes balancing every budget IMPOSSIBLE; Makes School teachers, Veterans, Union workers, consumers, taxpayers, and America’s grandchildren’s children and nonunion parasites willing to work for fewer wages than they can afford LIFE UNAFFORDABLE; and created Ohio’s $1.35 trillion budget deficit, the $40 trillion social security and the $14 trillion national debt. America’s grandchildren’s children are responsible to pay Chinese, Foreign and Domestic Investors and Stockholders interest with this debt until they are 18 years old. Then pay the debt with the $7.20 per hour government mandated labor wage.

    There is no reason to believe America’s grandchildren’s children that go to bed hungry can afford life and pay this debt with the $7.20 per hour Government mandated labor wage in a hundred million years. With money derived from wages or independent business profit.

  5. Loren Eberly says:

    We the Government of the people, by the people, for the people, deceived in Sunday schools, public schools, private schools, home schools, colleges, and universities. Taught to believe that only stock dividends (money) Hillarys, Chinese, Foreign and Domestic Investors and Stockholders (money marketers) market quarterly. In the wholesale and retail price of every product and service Human Beings use for life. And Government needs to build, maintain and operate schools, infrastructure, and provide local and national security, and Government services has value.

    Have successfully elected Representatives of us the Government that has no regard, respect, or intention to comply with demands of Natural Law: what Mother Nature, God, or Whatever Power decreed to be the reality of the real world, democracy, capitalism, the US Constitution, and free, fair, and affordable commerce?

    Demanding every corporation, farmer, business, outsourcer sweatshop, and nonprofit, tax-exempt, organization and Church markets the cost in the wholesale and retail price of his or her product and service. Of Veterans, Fathers disqualified for affirmative action with white skin, Union workers, consumers, taxpayers, and America’s grandchildren’s children living including pension and health care. Enabling parents to love, nurse, nurture, discipline, protect, and provide, for every child (job) they conceive and fund schools, infrastructure, local and national security, government services, and etc.; with money derived from wages or independent business profit.

    Representatives of us the Government have the audacity to throw Veterans, Fathers disqualified for affirmative action with white skin, Union workers, consumers, taxpayers, and America’s grandchildren’s children under the bus on their way to International Bankruptcy Court. To ask forgiveness for defying demands of Natural Law: what Mother Nature, God, or Whatever Power decreed to be the reality of the real world, democracy, capitalism, the US Constitution, and free, fair, and affordable commerce?

    Veterans, Fathers disqualified for affirmative action with white skin, Union workers, consumers, taxpayers, and America’s grandchildren’s children cannot fund lottery, casino, and keno losers, unemployed workers, aliens, waitresses that pander for life for $2.00 per hour, insubordinate low-income, workers and volunteers without wages, nonunion parasites willing to work for fewer wages than they can afford life, righteous with a faith-based belief that it’s a sin to engage in free, fair, and affordable commerce. Or get an agreement (union contract) with every corporation, farmer, business, outsourcer sweatshop, and nonprofit, tax-exempt, organization and Church; agreeing to market the cost in the wholesale and retail price of his or her product and service of every workers, consumers, and taxpayers living including pension and health care. That pays with welfare checks, food stamps, housing vouchers, and Medicaid.

    And pay Chinese, Foreign and Domestic Investors and Stockholders interest with Ohio’s $1.35 trillion budget deficit, the $40 trillion social security and the $14 trillion national debt. With the $7.20 per hour Government mandated labor wage in a hundred million years. With money derived from wages or independent business profit.

  6. Loren Eberly says:

    Economic Future:
    Representatives us the Government of the people, by the people, for people electing Representatives that defy demands of Natural Law: what Mother Nature, God, or Whatever Power decreed to be the reality of the real world, democracy, capitalism, the US Constitution, and free, fair, and affordable commerce?

    Demanding every corporation, farmer, business, outsourcer sweatshop, and nonprofit, tax-exempt, organization and Church markets the cost in the wholesale and retail price of his or her product and service; of every workers, consumers, and taxpayers living including pension and health care. Enabling parents to love, nurse, nurture, discipline, protect, and provide, for every child (job) they conceive and fund schools, infrastructure, local and national security, government services, and etc.; with money derived from wages or independent business profit.

    This puts America’s economic future in the hands of The International Bankruptcy Court.

  7. Loren Eberly says:

    Ohio School Districts:
    Hopefully we the Government have successfully elected a Governor and Representatives of us the Government. That complies with demands of Natural Law: what Mother Nature, God, or Whatever Power decreed to be the reality of the real world, democracy, capitalism, the US Constitution, and free, fair, and affordable commerce?

    Demanding every corporation, farmer, business, outsourcer sweatshop, and nonprofit, tax-exempt, organization and Church in Ohio; markets the cost in the wholesale and retail price of his or her product and service. Of Veterans, Fathers disqualified for affirmative action with white skin, Union workers, consumers, taxpayers, and America’s grandchildren’s children living including pension and health care. Enabling parents to love, nurse, nurture, discipline, protect, and provide, for every child (job) they conceive and fund schools, infrastructure, local and national security, government services, and etc.; with money derived from wages or independent business profit.

  8. Loren Eberly says:

    Ohio School Funding:
    We the Government successfully elected Representatives of us the Government with the audacity to defy Supreme Court resolution four times. Declaring funding schools with money derived from property taxes is UNCONSTITUTIONAL.

    Representatives invest lottery winner’s winnings in school bonds and scam Veterans, Fathers disqualified for affirmative action with white skin, Union workers, consumers, taxpayers, and America’s grandchildren’s children to pay interest on lottery winner’s winnings. With money derived from wages or independent business profit.

    Representatives of us the Government scam Veterans, Fathers disqualified for affirmative action with white skin, Union workers, consumers, taxpayers, and America’s grandchildren’s children. To pay for all stimulus packages, tax abatements, tax incentives, tax refunds, tax credit, tax exemptions, and pay sales tax on the more stock dividends (money) Hillarys, Chinese, Foreign and Domestic Investors and Stockholders (money marketers) market quarterly. In the wholesale and retail price of every product and service School Boards need to build, maintain and operate schools, infrastructure, and provide local and national security, and Government services. With money derived from wages or independent business profit.

    This defiance of realities demands is needed to measure and maintain the strength and growth of this unaffordable economy and distribute wealth into Hillarys, Chinese, Foreign and Domestic Investors and Stockholders portfolios.

    Defying demands of Natural Law: what Mother Nature, God, or Whatever Power decreed to be the reality of the real world, democracy, capitalism, the US Constitution, and free, fair, and affordable commerce?

    Demanding every corporation, farmer, business, outsourcer sweatshop, and nonprofit, tax-exempt, organization and Church markets the cost in the wholesale and retail price of his or her product and service; of every workers, consumers, and taxpayers living including pension and health care and funding all schools. Enables parents to love, nurse, nurture, discipline, protect, and provide, for every child (job) they conceive and fund schools, infrastructure, local and national security, government services, and etc.; with money derived from wages or independent business profit.

    Makes free, fair, and affordable commerce IMPOSSIBLE; Makes funding schools IMPOSSIBLE; Makes balancing every budget IMPOSSIBLE; Makes Veterans, Union workers, consumers, taxpayers, and America’s grandchildren’s children LIFE UNAFFORDABLE; and created Ohio’s $1.35 trillion budget deficit, the $40 trillion social security and the $14 trillion national debt. America’s grandchildren’s children are responsible to pay Chinese, Foreign and Domestic Investors and Stockholders interest with this debt until they are 18 years old. Then pay the debt with the $7.20 per hour government mandated labor wage.

    There is no reason to believe America’s grandchildren’s children that go to bed hungry can afford life and pay this debt with the $7.20 per hour Government mandated labor wage in a hundred million years. With money derived from wages or independent business profit.

  9. Loren Eberly says:

    Ohio Open for business:
    It’s impossible for businesses to comply with demands of Natural Law: what Mother Nature, God, or Whatever Power decreed to be the reality of the real world, democracy, capitalism, the US Constitution, and free, fair, and affordable commerce?

    Demanding every corporation, farmer, business, outsourcer sweatshop, and nonprofit, tax-exempt, organization and Church markets the cost in the wholesale and retail price of his or her product and service; of Veterans, Fathers disqualified for affirmative action with white skin, Union workers, consumers, taxpayers, and America’s grandchildren’s children. Paying for all stimulus packages, tax abatements, tax incentives, tax refunds, tax credit, tax exemptions, and pay for the more stock dividends (money) Hillarys, Chinese, Foreign and Domestic Investors and Stockholders (money marketers) market quarterly. In the wholesale and retail price of every product and service Human Beings use for life. And Government needs to build, maintain and operate schools, infrastructure, and provide local and national security, and Government services. That gets only product or service.

    And fund lottery, casino, and keno losers, unemployed workers, aliens, waitresses that pander for life for $2.00 per hour, insubordinate low-income, workers and volunteers without wages, nonunion parasites willing to work for fewer wages than they can afford life, righteous with a faith-based belief that it’s a sin to engage in free, fair, and affordable commerce. Or get an agreement (union contract) with every corporation, farmer, business, outsourcer sweatshop, and nonprofit, tax-exempt, organization and Church; agreeing to market the cost in the wholesale and retail price of his or her product and service of every workers, consumers, and taxpayers living including pension and health care. That pays with welfare checks, food stamps, housing vouchers, and Medicaid. With money derived from wages or independent business profit.

    This Makes free, fair, and affordable commerce IMPOSSIBLE; Makes funding schools IMPOSSIBLE; Makes balancing every budget IMPOSSIBLE; Makes Veterans, Union workers, consumers, taxpayers, and America’s grandchildren’s children LIFE UNAFFORDABLE; and created Ohio’s $1.35 trillion budget deficit, the $40 trillion social security and the $14 trillion national debt. America’s grandchildren’s children are responsible to pay Chinese, Foreign and Domestic Investors and Stockholders interest with this debt until they are 18 years old. Then pay the debt with the $7.20 per hour government mandated labor wage.

    There is no reason to believe America’s grandchildren’s children that go to bed hungry can afford life and pay this debt with the $7.20 per hour Government mandated labor wage in a hundred million years. With money derived from wages or independent business profit.

  10. rjwalker says:

    Many religious women around the world wear veils and burkas as a manifestation of modesty.

    Hiding this government agency behind a veil of secrecy isn’t a sign of modesty

    If there are needs for additional privacy in negotiations, those needs can be fully met by amending the existing exceptions in the Public Meetings and Public Records laws of Ohio.

    Republicans recently promised us that they “will fight to ensure transparency and accountability … throughout government.”

    The American people value truthfulness and we expect our elected officials to keep their promises.

    More (including sample letters in opposition, at http://rjw-progressive.blogspot.com/2011/01/ohio-proposed-secret-gov-agency.html

  11. Loren Eberly says:

    Representatives Scam Union Workers, Consumers, and Taxpayers:
    Representatives of us the Government subsidizing businesses moving into enterprise zones in the USA, Mexico, China, India, with stimulus packages, property tax abatements, tax incentives, tax refunds, tax credit, tax exemptions, and nonunion workers willing to work for fewer wages than they can afford life.

    And scamming Veterans, Fathers disqualified for affirmative action with white skin, Union workers, consumers, taxpayers, and America’s grandchildren’s children. To pay for all stimulus packages, tax abatements, tax incentives, tax refunds, tax credit, tax exemptions, and pay for the more stock dividends (money) Hillarys, Chinese, Foreign and Domestic Investors and Stockholders (money marketers) market quarterly. In the wholesale and retail price of every product and service Human Beings use for life. And Government needs to build, maintain and operate schools, infrastructure, and provide local and national security, and Government services. That gets only product or service. With money derived from wages or independent business profit.

    And fund lottery, casino, and keno losers, unemployed workers, aliens, waitresses that pander for life for $2.00 per hour, insubordinate low-income, workers and volunteers without wages, nonunion parasites willing to work for fewer wages than they can afford life, righteous with a faith-based belief that it’s a sin to engage in free, fair, and affordable commerce. Or get an agreement (union contract) with every corporation, farmer, business, outsourcer sweatshop, and nonprofit, tax-exempt, organization and Church; agreeing to market the cost in the wholesale and retail price of his or her product and service of every workers, consumers, and taxpayers living including pension and health care. That pays with welfare checks, food stamps, housing vouchers, and Medicaid.

    Makes free, fair, and affordable commerce IMPOSSIBLE; Makes funding schools IMPOSSIBLE; Makes balancing every budget IMPOSSIBLE; Makes Veterans, Union workers, consumers, taxpayers, and America’s grandchildren’s children LIFE UNAFFORDABLE; and created Ohio’s $1.35 trillion budget deficit, the $40 trillion social security and the $14 trillion national debt. America’s grandchildren’s children are responsible to pay Chinese, Foreign and Domestic Investors and Stockholders interest with this debt until they are 18 years old. Then pay the debt with the $7.20 per hour government mandated labor wage.

    There is no reason to believe America’s grandchildren’s children that go to bed hungry can afford life and pay this debt with the $7.20 per hour Government mandated labor wage in a hundred million years. With money derived from wages or independent business profit.

  12. Loren Eberly says:

    Hillarys and Pharmacy Stockholders Scam Users of Prescription Drugs:
    Representatives of us the Government demand users of prescription drugs pay for the more stock dividends (money) Hillarys and pharmacies Stockholders (money marketers) market quarterly. In the wholesale and retail price of prescription drugs; with money derived from wages, independent business profit, private pensions, savings, and Medicaid.

    And pay for the more stock dividends (money) Chinese, Foreign and Domestic Investors and Stockholders (money marketers) market quarterly. In the wholesale and retail price of every product and service needed to produce prescription drugs and Human Beings use for life. And Government needs to build, maintain and operate schools, infrastructure, and provide local and national security, and Government services. That gets only prescription drugs and healthcare. With money derived from wages or independent business profit.

    This defiance of realities demands is needed to measure and maintain the strength and growth of this unaffordable economy and distribute wealth into Pharmacy Stockholders, Hillarys, Chinese, Foreign and Domestic Investors and Stockholders portfolios.

    Makes free, fair, and affordable commerce IMPOSSIBLE; Makes funding schools IMPOSSIBLE; Makes balancing every budget IMPOSSIBLE; Makes Veterans, Union workers, consumers, taxpayers, and America’s grandchildren’s children LIFE UNAFFORDABLE; and created Ohio’s $1.35 trillion budget deficit, the $40 trillion social security and the $14 trillion national debt. America’s grandchildren’s children are responsible to pay Chinese, Foreign and Domestic Investors and Stockholders interest with this debt until they are 18 years old. Then pay the debt with the $7.20 per hour government mandated labor wage.

    There is no reason to believe America’s grandchildren’s children that go to bed hungry can afford life and pay this debt with the $7.20 per hour Government mandated labor wage in a hundred million years. With money derived from wages or independent business profit.

  13. Loren Eberly says:

    Nonprofit Tax Exempt United Way:
    Nonprofit, tax exempt, United Way contributes nothing to a community founded on demands of Natural Law: what Mother Nature, God, or Whatever Power decreed to be the reality of the real world, democracy, capitalism, the US Constitution, and free, fair, and affordable commerce?

    Demanding every corporation, farmer, business, outsourcer sweatshop, and nonprofit, tax-exempt, organization and Church markets the cost in the wholesale and retail price of his or her product and service; of every workers, consumers, and taxpayers living including pension and health care. Enabling parents to love, nurse, nurture, discipline, protect, and provide, for every child (job) they conceive and fund schools, infrastructure, local and national security, government services, and etc.; with money derived from wages or independent business profit.

    Scamming Veterans, Fathers disqualified for affirmative action with white skin, Union workers, consumers, taxpayers, and America’s grandchildren’s children; to pay for donors tax refund and pay for the more stock dividends (money) Hillarys, Chinese, Foreign and Domestic Investors and Stockholders ( money marketers) market quarterly. In the wholesale and retail price of every product and service United Way gives lottery, casino, and keno losers, unemployed workers, aliens, waitresses that pander for life for $2.00 per hour, insubordinate low-income, workers and volunteers without wages, and nonunion parasites willing to work for fewer wages than they can afford life. With money derived from wages or independent business profit.

    Makes free, fair, and affordable commerce IMPOSSIBLE; Makes funding schools IMPOSSIBLE; Makes balancing every budget IMPOSSIBLE; Makes Veterans, Union workers, consumers, taxpayers, and America’s grandchildren’s children LIFE UNAFFORDABLE; and created Ohio’s $1.35 trillion budget deficit, the $40 trillion social security and the $14 trillion national debt. America’s grandchildren’s children are responsible to pay Chinese, Foreign and Domestic Investors and Stockholders interest with this debt until they are 18 years old. Then pay the debt with the $7.20 per hour government mandated labor wage.

    There is no reason to believe America’s grandchildren’s children that go to bed hungry can afford life and pay this debt with the $7.20 per hour Government mandated labor wage in a hundred million years. With money derived from wages or independent business profit.

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