Jeff Winters

"OEC Speaks Out"

Jeff is the CEO of OurExperienceCounts.com. He has over 30 years experience in marketing and sales in technology industries. He founded and served as CEO at Innovative Robotics for 9 years. He has also held various senior management positions where he has demonstrated the ability to establish or revitalize businesses. While with VLSI Technology he setup and managed that company's Asian operations, which included three ASIC design centers. In three years revenues grew from less than $1 million to over $70 million annually. In addition to his work at OurExperienceCounts.com, he also serves as Chief Financial Officer at Borgata Recycling and also provides career counseling at ProMatch (a nationally recognized career counseling center for Silicon Valley professionals).

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Our Future is in Their Hands
August 01, 2011 by Jeff Winters
I’ve posted a couple of blogs because of the inability of our elected officials to put their partisan politics aside and negotiate a compromise on a budget that gets the American economy moving in the right direction. Much has been written about the debt ceiling, but exactly what is it?
 
The government borrows money to make up the difference between what it pays and what it takes in, and the debt ceiling is a cap set by Congress on the amount of debt the federal government can legally borrow. The cap applies to debt owed to the public (anyone who buys U.S. bonds) plus debt owed to federal government trust funds such as those for Social Security and Medicare. It is also money the country has already borrowed by issuing bonds and treasury bills to pay for programs we have funded in the past.
 
Some of the Consequences of an ill-conceived plan could range from higher interest rates for all consumer loans, job furloughs, closed national parks and another blow to a fragile economy. The numbers are large and the problems are complicated, but the issue is important for all Americans to understand.
 
Please, let’s put the pressure on our elected officials to stop the bickering and get the job done.
Categories: Legislation, Things You Need to Know, Economy, OEC Speaks Out
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