Bi Partisanship Request to Congress for Fiscal State of Nation Resolution

Congressman Bergman from our Fist District participated in a letter addressed to Congress Speaker Pelosi and Leader McCarthy pushing for the Fiscal State of the Nation Resolution. First, "... the Fiscal State of the Nation resolution would increase the transparency of our fiscal situation by requiring GAO to present an annual report to Congress and the country detailing the fiscal health of the nation."(Peters, S. & Arrington, 2020). Creating new data metrics will ultimately impact change the way people think and thus opens a new pathway to disseminate knowledge.  

The letter outlines, "Second, we must create mechanisms to help Congress demonstrate greater accountability in navigating the decisions to restore our fiscal health and sustainability."(Peters, S. & Arrington, 2020). It goes on to elaborate, "Third, the federal debt is growing at an alarming pace". COVID is likely to make our fiscal situation worse unless economic activity speeds up enough over a the next 5 years to pay the "future hedging" bill due back. 

The letter is supporting something called the Fiscal State of the Nation Resolution in an effort to better gain control over our national debt.  They want to keep the budget and debt in the forefront of conversation as the pandemic recedes. The goal is to put mechanisms in place such as budget reporting and debt-to-GDP targets that may help curb future spending and guide budgeting decisions.

What is the Fiscal State of the Nation Resolution?

You can read more about the Fiscal State of the National Resolution on the government site (H. CON. RES. 68., 2019) Its mission states, "Providing for a joint hearing of the Committees on the Budget of the House of Representatives and the Senate to receive a presentation from the Comptroller General of the United States regarding the audited financial statement of the executive branch."

The type of information the report provides, and how it is interpreted, will be important consideration of what conclusions people draw from the audit. Too much information creates confusion while too little can mask serious problems. If the goal is to understand how money is being spent they should think about offering researcher opportunities to review areas of concerns and make recommendations on how to cost save and maintain/improve effectiveness. 

Looking at the branch level provides very detailed and expensive review that will cost money and labor power so we have to make sure the benefits are likely to produce benefits. I'm not an expert on government functioning but I suspect operational aspects are choices made at the departmental/local level. Executives and decision makers don't typically go down to detail unless they find there are spending concerns and adjustments that would lead to increased performance. Most of the time aggregate information is used and that leaves out micro changes that support macro performance.

The document also states that within 45 days of the submission of an audit they will also present findings such as,"... in the report accompanying such audited financial statement, an analysis of the financial position and condition of the Federal Government, including financial measures (such as the net operating cost, income, budget deficits, or budget surpluses) and sustainability measures (such as the long-term fiscal projection or social insurance projection) described in such report".

Any time someone looks to add more statistics and metrics we have to consider the benefits that the information provides for decision makers. Adding data complexity that leads to information overload is not a great idea unless that information is expected to create advantage. Yet, if the proposal has some benefit in changing the way we think and creating more transparency of national problems makes it then makes sense to incorporate new ways of looking at an old problem.  

Information spurs thinking among actively and engaged members of Congress and the academic community. New transparent reporting helps ensure money is being spent appropriately and in the best interest of tax payers. High vantage point numbers can also provide a better overview of what is happening on the debt/revenue front and places people can look for cost savings (You can assign dollar amounts/quantitative value to non-chargeable services). At the Congress level the discussions will focus on macro principles that will impact programs. 

Our debt problems won't just magically disappear unless we balance the budget and change how we view government. We often think of government as having unending strength and financial ability that can muscle through problems. Much of our market position and financial capital is because people trust the money and way in which business is conducted. Running a consistent debt means we are not efficient  and/or effective in our government functions and will ultimately lead to some consequence and market correction (slow or fast) in the future. 

We are fiscally responsible when we are able to do more with less which comes through renewed focus on how money is spent and its ultimate impact. Within our budgets we would be forced to think about the cost of inefficiency and the best uses of government money to help others. When I say that, I don't mean an excuse to cut necessary programs in a mad dash to cute, cut, cut! Instead, I would think more long-term about how big data can lead us to higher systems thinking that ends up in more accurate program evaluative measures.

There may also be times when the financial considerations are less important than the moral principle and money doesn't matter.  There will need to be a way to factor in our moral principles into our decision making matrix. I'm sure the economists have a term for moral principles that can be used in calculations. In this case, we prescribe a value based on factors such as cost, environmental impact, people helped, etc... One would have to design the measurement and people would have to agree with it (Good luck!).  The point is not where we choose to spend our money but what overriding policy/methodology are we going to maintain and whether or not we will work toward financial security (or alternative workable policy). 

I think in this case the new information makes sense and provides more benefits than detractors. If officials feel they have too much information they may need to either cut back on data in places where it isn't as important and/or no longer used and add new metrics for new national challenges. The new information adds to people starting to think about fiscal management and provide some meaning for decision making. With new metrics comes new ways of thinking that can lead solution finding. Its one of those issues we can't ignore forever with looming budget issues from COVID. 

H. CON. RES. 68 (September 26th, 2019).  H.Con.Res.68 — 116th Congress (2019-2020). Retrieved https://www.congress.gov/bill/116th-congress/house-concurrent-resolution/68/text?q=%7B%22search%22%3A%5B%22S.+47%22%5D%7D&r=2&s=1 

Peters, S. & Arrington, J. (June 1, 2020) Letter to Congress on Fiscal State of the Nation Resolution. Retrieved from... https://bergman.house.gov/uploadedfiles/leadership_budget_reforms.pdf?utm_campaign=1993-424

President Trump White House Press Release September 4th, 2020

The President discussed some of the achievements of his administration and some good news on the economy. We have been hit but with an improvement in the economic landscape we can help a lot of people improve their lives and strengthen their country through the sheer will of people who wanting to return back to work and engage in the economy. This is one of the reasons why I support economic development, especially locally based clusters, to help communities of different backgrounds to grow and develop.

The unemployment rate is improving and we restored about half of the jobs that were lost. Having broad based improvements often means it is hitting a wide group of people versus being focused in individual sectors or demographics. One way to look at this as well is to review increases in minority communities to see how the recovery is impact people of different backgrounds. We have entered the world of big data and how it can help us understand our environment. 

Economic development can bring improvement and strength organically through local strengths when we focus on SME development in areas where existing networks can be enhanced (clusters) to realign communities to the global market by finding their niche from the ground level from the entrepreneurs that need access to capital. 

Measuring Economic Uncertainty Using the News

 Its interesting that a big data study focuses on creating a better understanding of uncertainty by institution. When we look at different sources of data and then add up that data we can gain an idea of what things look like from a historical standpoint. That also leads to greater knowledge. Using the news to calculate index information is not a bad idea. Its not a new idea but it is certainly possible to see how new articles and language can tell us much about animal spirits and human investing behaviors. 

New Jobs-Improving Economy?

(Cox, 2020)

Good news for jobs as the Bureau of Labor Statistics released its September 4th 2020 Employment Situation Summary. According to the report, "August, the unemployment rate declined by 1.8 percentage points to 8.4 percent, and the number of unemployed persons fell by 2.8 million to 13.6 million." (BLS, 2020). This means we are moving in the right direction and hopeful the 3rd and 4th Q will bring us to par of previous economic levels and then see real growth next year as life continues. 

What Type of Jobs Are Growing?

"Notable job gains also occurred in retail trade, in professional and business services, in leisure and hospitality, and in education and health services." It would seem like people are starting to spend and enjoy life. I wonder if education and health services are filling a new demand. I guess you would have to look into each to determine how they define their categories. Retail trade means people are buying and it likely paired with some leisure activity as people feel they want to get back to being "normal" again. Professional and Business Services could also be positive if it means companies are adapting and investing in their internal infrastructure. 

What is the Demographic Breakdown?

"adult men (8.0 percent), adult women (8.4 percent), teenagers (16.1 percent), Whites (7.3 percent), Blacks (13.0 percent), and Hispanics (10.5 percent). The jobless rate for Asians (10.7 percent) changed little over the month." We can still see the disparities between Blacks and Whites. It would be nice if we someday move forward together and get everyone on the same level in a true Capitalistic fashion that earning is based on you and your abilities and not any false characteristic. How we do that in a way that most people can buy into is a whole different story. Personally, I would like to see us universalize our perceptions of each other so that these things are not so important influences in our lives. People are judged on their own merits.

BLS. (September 4, 2020) Employment Situation Summary. Retrieved September 4th, 2020 from
https://www.bls.gov/news.release/empsit.nr0.htm

Cox, J. (September 4th, 2020). 'Payrolls increase by nearly 1.4 million as the unemployment rate tumbles'. CNBC. Retrieved September 4th, 2020 https://www.cnbc.com/2020/09/04/jobs-report-august-2020-.html

SME Look Toward Gamification-Its Potential Impact on Business Education

 Gamification is one way in which to train employees using an online environment. Traditional training can get a little boring and the use of games to help solidify concepts can be very helpful for people who need to find practical use for the information they have. It would be difficult to learn some of the concepts by games alone but games can be used at different points within the learning process to solidify knowledge into a practical solution. 

Let's say you have a group of employees and they are studying concepts but are having a difficult time understanding how to use those tools practically. Using games can help them see the application of certain ideas by forcing them to use it to move onto the next stage. It can be pretty difficult fake your way if you must display them in the game. 

According to a study of the managers from 58 SMEs the biggest motivators for the use of Game Based Learning (GBL) were teaching participative management and decision making (Sugahara, 2018). That makes sense since GBL seems to help people make decisions to pass different tests and levels. If they are designed well they may also be implicit type learning going on. 

Gamification is something I think will continue to be explored and will likely be of bigger interest in the future. One could use the classroom to teach the fundamentals and then the game to fuse them into a useful framework and apply them to a problem. These systems might work at the end of classes or modules. You can seem how this can move beyond training and into business schools. 

Sugahara, S. (2018). Motivation to Adopt Game-Based Learning (Gbl) for Employee Training and Development: A Case Study. Journal of Entrepreneurship Education, 21(4).

Governor Whitmer Opens Gyms, Pools and Organized Sports

Gyms, Pools and organized sports can now reopen. That will likely make some people happy who feel they were missing out this year. I also know a lot of people that have been waiting to go back to the gym. So far I'm unaware if gyms have been a primary source of disease spreading. So with that being said, they are now able to open as long as they follow strict rules. 

The order says, "Gyms must require wearing of masks at all times, including times of exercise, configure workout stations or implement protocols to enable six feet of distance between individuals during exercise sessions, reduce class sizes to enable at least six feet of separation between individuals, provide equipment-cleaning products throughout the gym, and more (EO. 2020-176 , 2020).

Some of the language, as it relates to organized sports, provides for a "recommendation". That means they are not saying no but indicating it is not a preferred approach to have organized sports. There are also some limitations on how may people are to attend these sporting events (i.e. 2 per athlete). 

"The document recommends against contact sports at this time, defined to mean those sports involving more than occasional and fleeting contact, including football, basketball, and soccer."

This year will likely be more subdued in terms of sports, maybe not when Covid first hit, but not everything will be open as "normal".  I haven't been to the gym as much as I like because its spotty open doors during COVID. It opens and closes and when people are in a routine they keep on going every day. When the routine gets messed up you have to find other ways to deal with it. So I been working on home workouts. I understand the need for precaution.

Gov. Whitmer reopens Michigan gyms and pools, allows organized sports to resume. (Steptember 3rd, 2020). Click on Detroit. {You Tube} https://www.youtube.com/watch?v=GmwJpMilAW0

Republicans Switch Candidate for Wayne State University Board Candidates-What do they do?

The Republican Party of Michigan removed one of its candidates to Wayne State University Board of Governors and sought to make a decision quickly on the next candidate. Diana Dunaskiss was disqualified because of an unpaid 1K campaign finance penalty in 2018 (Mauger, September 3rd, 2020). She will be replaced in an emergency meeting with Michigan Secretary of State Terri Lynn Land. 

I don't tell my students they can use Wikipedia at the graduate level but honestly....they have some good stuff on their site. I quickly looked around and this seemed to have a fairly comprehensive profile. You can learn more about her HERE

The current Wayne State Board you can find HERE. I guess these would be some of the most influential positions in higher education in the state. Likely, why there is so much interest by multiple candidates to get a spot here. 

There are 8 members of the board and they are elected from the members of the state. Their terms are 8 years without pay except expenses. Vacancies that occur over the 8 years have the empty slot filled by the Governor. Its an important position because the board selects the President of the University, controls finance, compensation, etc... They manage the high level policy setting for the university. 

Those aren't the only reasons why they are important. The decisions board members make are not in isolation and impact other policies within the state and within other universities. Thus, they are important members who oversee policies and influence the affairs of higher education.

Mauger, C. (September 3rd, 2020). Michigan GOP nominee for Wayne State board disqualified over unpaid fee. The Detroit News. Retrieved September 3rd, 2020 https://www.detroitnews.com/story/news/politics/2020/09/03/michigan-republicans-replace-wayne-state-board-nominee-over-unpaid-fee/5705817002/

Technology Stocks are Good? Tech Investments a Sign of Adaptation

 Tech stocks are considered a good investment right now. I have viewed these stocks more risky in the past. While the economy is functioning a little slower than in the past certain stocks are doing well. Lately I have been getting into the stock market for my research (How to attract investments to new clusters?" and for my personal reasons. I have this belief that  3Q and 4Q are going to be upward trajectory and that early next year we will have a slightly stronger economy than we have today as more companies adapt to higher knowledge based virtual work. Investments in technologies would to improve business functioning at an increased virtual labor market. That in turn would result in a bigger bump in the market 2-3 years from now (depending on development and adaptation time). That would mean there would be more money being invested into technologies now. This trend sort of fits that idea. I would like to see how long tech stocks attract market interests. If I had investment money I would think along the lines of investments in new technologies that impact entire organization functioning such as data storage, data protection, virtual platforms, etc...

Governor Whitmer 09-03-20 COVID Update and Huntington Bank $5 Billion Minority Investment

Good new for Michigan small businesses as a Huntington Bank launches $5 billion in small business investments focused on female, veteran and minority owned businesses. You will want to read "Huntington Bank launches $5 billion lending initiative in Michigan" to gain more information on the details. Overall it seems like a pretty good philanthropic thing to do. Investments do lead to rejuvenated neighborhoods and increased profits by tapping people's natural desires to strive.

Who says money can't make a big difference? The desire to investor or not invest in neighborhoods and communities can make a big difference. I see a lot of communities that are ripe for investment but never put together the right strategy for connecting to broader markets. Offering community based lending is one way in which Huntington Bank can help a community. 

As a side note, I would personally like them to advocate a little for product creation that sells to the global market and enhances local manufacturing infrastructure. 

Financing small business through low interest loans focused on building clusters of small businesses that have the most chance to succeed can be an amazing boost for the state. Small business is what brings back our neighborhoods but also increases short and long term development of business within the state.

Small business often struggles with access to capital (i.e. loans) that can work with them and the nature of a new business start-up. That represents increased risk with possible higher rewards for investing in this sector. Making a commitment to developing small business means accepting increased risk for a social improvement program.

Money does make things happen and can be a useful tool for our communities. I would still like to see small business loans to improve Escanaba's small downtown district which has great potential for tourism and tourist related micro manufacturing. Matching that with a shipping/distribution center that services regional industries and you have enhanced an export oriented tourist cluster.

You will want to read their September 1st, 2020 Press Release of Huntington Announces $20 Billion "Community Plan to Help BoostEconomic Opportunity Throughout its Seven-state Footprint" 

John James Discusses His Independence of Thought

 In any organization that I have been in there is a healthy balance between following the standard line of thinking and developing your own niche to differentiate modes of thinking. I suspect in the political world we have to find our own voice that stays to a number of stakeholders that includes self, society, and political affiliations. Variability mixed with central core ideas isn't a bad idea if we want to be highly effective as a society overcoming challenges.

I read the article, "John James fires back at Senate opponent: I stood up against terrorists, Dem 'lies are going to bounce off" by Celeb Parke. 

This isn't advocating for or against a particular candidate. I think people will vote for who they believe represent them and their needs the most. I can only say that I believe that people contribute to the national dialogue through their own words and experiences. Sharing those experiences leads to greater knowledge of the candidates and what they believe. 

There are certain things that will be said in unison and some things that will be said from a personal perspective. When what one says resonates with others it will attract followers. People judge the message by the person saying it and look for a lot of different cues to determine the genuineness of a message. Go with with what you feel about the message and the person saying it. 

I can say I don't have much of a reason to distrust the message even though I don't necessarily hang on the news everyday. Most of what he says make sense from the vantage point in which he is saying it. Thus, I can say that I believe that the message he offers is a genuine one but that the votes are likely to be split down party lines. 

There are some undecided independents and free thinkers that can be swayed by the right person and their message. In this case, what is being said, who is saying it and the ultimate meaning of the message will create an impression in the readers head. Such impressions can lead to increased positive reflectivity toward the speaker or it will lead to a negative impression that will impact recall at the ballot box. 

The message should be unique enough to attract the public interest but similar enough to maintain alliance to a particular ideology. Much of the message will depend on the overall impression of the candidate during the time when they are talking. That means that voice, facial expression and the background/environment will have an impact on the total message and its perceptions to others in the middle of the voting spectrum. Those who come in with pre-determine beliefs about the candidates will interpret messages through a particular party lens. 

Both of the candidates Peters and James have a long track record of serving their countries and I believe when push comes to shove both would be there to do what they feel is the right thing. That doesn't mean I would agree with everyone about everything but that we have the ability to think critically for ourselves about what we support and what values we have. Personally, I would love to see a political environment where both parties focus on the essential issues and not on each other. It makes for great entertainment but ultimately detracts from the business of running the country. 

Parke, C. (September 1, 2020). John James fires back at Senate opponent: I stood up against terrorists, Dem 'lies are going to bounce off. Fox News. https://www.foxnews.com/politics/john-james-fires-back-at-senate-opponent