How to Get Rich in the Billion Dollar Info Market without the Gimmicks, Tricks or Fine Print
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It produces no real additional revenues in the long run and may in fact do more to harm pensions than help them—which could lead to future government intervention.
Timing, Marketing Made the Pet Rock Roll
Congress should stop using the pension smoothing gimmick to pay for additional spending and instead focus on tangible reforms that produce meaningful long-term savings. While much of discretionary spending falls under those caps, the legislation allows for certain adjustments to be made that are not subject to the limitations of the BCA. These include funding for Overseas Contingency Operations, disaster and emergency designated spending, and funds used for program integrity initiatives. Disaster and emergency spending is far too often used as a gimmick with the sole purpose of increasing discretionary spending in other areas without running afoul of the budget caps.
The number of disaster designations has soared over the past 30 years. Under Presidents George W. Bush and Barack Obama, that average rose to around declarations per year. However, when the President declares an incident as a major disaster, 75 percent or more of the costs are paid by the federal government. In some cases these funds are used to provide recovery funds for natural disasters, such as Hurricane Sandy in Emergency spending can be initiated by either Congress or the President and is not subject to Congressional budget rules.
Clearly, the same expenses or expenses of a similar magnitude are recurring on an annual basis—and in at least a somewhat predictable fashion. But instead of prioritizing appropriate levels of base funding to FEMA to pay for this, Congress instead provides a cap adjustment so that it does not have to make cuts to other areas of the discretionary budget. To better control spending, Congress should reduce the federal cost share for all FEMA disaster declarations.
It should also consider reforms to the Stafford Act, which would establish clear requirements limiting the circumstances in which FEMA can issue disaster declarations. Disaster and emergency declarations and additional funding should instead be reserved for cases of widespread natural disasters or other unforeseen events, not normal natural occurrences with a high degree of predictability. When these declarations are appropriate, Congress should take steps to ensure that the funds are being spent appropriately and reaching those who need them the most. Like disaster and emergency spending, Overseas Contingency Operations OCO funds are a category of spending that was explicitly exempted from being subject to the BCA caps.
This category has been around much longer than that, however, having been established in as a way for the Pentagon to fund unplanned needs. Since , the Pentagon has been shifting funding from base accounts into the OCO account. This provides a mechanism to increase base defense spending without violating the BCA caps. Reid proposed placing a cap on the amount of OCO that could be used over a three-year period. CBO projections assume that OCO spending will rise, even though real-world conditions at the time suggested that the need for OCO was decreasing, and the projected level of spending would not be reached.
First, they should stop using it to prop up base agency budgets and should reserve the funds for their intended purpose. Moreover, Congress and the President should work together to phase out the use of OCO funding entirely.
Instead, they should fund national defense through the base budget at the level fully needed to protect the nation from increasing threats across the globe and save additional spending for true emergencies and unforeseen threats. Any increases to defense spending should be fully offset through reforms to ineffective and duplicative domestic programs or in combination with meaningful mandatory reforms.
Another budget gimmick that is commonly used to offset the costs of legislation is double counting. Double counting is usually associated with spending from federal programs financed by trust funds because, compared to other parts of the budget, they are scored by unique conventions. Under current scorekeeping rules, it is assumed that benefits derived from federal trust funds, notably Social Security and Medicare Part A, will continue to be paid as scheduled, regardless of the actual ability of the trust funds to do so.
Currently, both the Medicare and Social Security trust funds are projected to face insolvency within the next 20 years. However, if Congress chooses to bail out the programs through a general fund transfer and continue to provide benefits at the projected rates, it would not lead to any recorded increase in the federal debt or deficit because of this scorekeeping practice. Congress has taken advantage of this scoring oddity on several occasions, most notably to aid the passage of the Affordable Care Act in On top of being used to offset the cost of expanded coverage under the ACA, the savings were also scored as extending the life of the Medicare Hospital Insurance Trust Fund by an additional 12 years.
The same savings were being used simultaneously to pay for a new entitlement program as well as to increase the lifespan of the Medicare program and thus were being double counted. The double-counting gimmick has also been used numerous times to bail out the Highway Trust Fund. Under current scoring practices, the CBO assumes that Highway Trust Fund expenditures will continue at current levels, regardless of whether or not the Trust Fund has sufficient funds to do so.
Since the CBO has already accounted for this future spending that would not likely occur under real-world conditions, transfers of general funds into the Highway Trust Fund are not scored as a net cost to the federal government even though it allows for additional spending that would not be possible without the transfer. Congress must work to amend current scoring conventions and close the trust fund loophole. Current practices do not offer an accurate assessment of the true costs of providing benefits and maintaining government programs. Whenever Congress bails out trust funds, the scorekeeping rules should reflect the full costs of doing so, and those costs should have to be completely offset.
The legislation authorized the U. Customs Service to collect fees for a variety of services that it renders. The act included the establishment of processing fees for air and sea passengers, commercial vehicles, rail cars, private vessels, dutiable mail packages, and customs broker permits. The purpose of the user fee was to offset the costs of inspections that had previously been funded by the Treasury General Fund. However, the bill has instead been extended numerous times with the length of extension ranging anywhere from one to four years.
One recent example of using customs user fees as an offset to increase discretionary spending is the FY Omnibus Appropriations Act.
User fees that were originally intended to offset the cost of performing customs inspection duties should not be used to increase unrelated spending. If these fees are no longer necessary, then those savings should be passed on to travelers.
If Congress increases domestic spending, they should fully offset it with corresponding spending cuts. The federal SPR was created in the mid s in response to the oil embargo that lasted from — Under the authority of the Energy Policy and Conservation Act, the President may take action to release a portion of the supply into the U. Over time, the size of the reserves has grown and now sits at nearly million barrels. Reserves have only been drawn down by Presidential order on three occasions.
People who were there got my entire "bag of tricks", and no one else ever will. I have authorized Michael to sell only of them, period. Why the limit? Well, I just prefer the idea that we are sharing secrets. You must agree to it, to obtain this package. If you procrastinate, you may very well have your order refused — and find everything "sold out.
We looked at every single aspect of making money with info-products in minute detail. From market selection to media and list choices to product development to the back-end business and multiple income streams. To every question you can imagine bringing to the table.
550+ Spam Trigger Words To Avoid In 12222
With one exception: database management, technical computer stuff. Think about "product development" just for example. Heck, anybody can slap together product. You need a complete strategy for putting out a product that will be "hot", eagerly accepted, have staying power, provide maximum profits.
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With what I can tell and show you about "product" alone will be worth your investment to acquire this system. You might double the profits from a product you were going to do anyway….. Or "direct mail" -- is there anybody around who has created as many successful sales letters for as many different info-products, year in, year out, for 25 years? I doubt it. Jeff Paul, T.
Dominic Cummings's Blog
Every square inch of the "frog" will be put under the microscope and examined from every direction, I promise you that. From my archives: THE very first ads I ever wrote and ran, for my first info-products, and for my first clients. Unique, unusual envelope designs that get opened. Order Forms designed with "rocket science" thoroughness and precision to maximize response. Examples from clients and attendees at this seminar….. Little "lift notes" and "Post-it Notes" that give big boosts to response.
Join me in dissecting and analyzing "million dollar sales letters"….. Original lead-generation ads that launched million dollar info-businesses — actual ads from over a dozen different individuals shown and discussed. Making money via the Internet.. Unless, of course, you think you know it all or are simply mule-stubborn about the way you do things. But given that you are eager for ways to make more money without doing more work , let me say this: in the past 10 years, I have not consulted with a single person or company in this field and failed to provide that client with income-boosting strategies.
Not one. After all, I have launched many people in the info-business from ground zero, almost all of whom have on-going, lucrative businesses; many of whom are making in excess of a million dollars a year, net.
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I know quite a bit. My promotions pulled results - bosses and clients loved me. That bell rang for me around AM Thursday and it has kept on ringing!