The budget "talks" in Washington are really getting on my nerves. John Boehner wants to give a short term increase on the Debt ceiling because republicans want it to be an issue again before the 2012 elections. President Obama and the Democrats want it to be a longer term deal because they don't want it to be an issue. Both sides are being disingenuous and playing games with our countries future, just so they can gain or maintain their power in the corrupt District of Columbia. President Obama brought up the fact that the debt limit was raised under Reagan 17 times (That works out to just over one every five months), while saying we needed a long term increase to the debt limit, because 6 months is too short a time.
Both plans currently on the table, while claiming to reduce spending by almost a Trillion dollars, are only decreasing the growth of spending. They are not actually cutting spending. By the way, that trillion dollars is over a ten year period. Besides not being enough to cover our deficit spending for one year, it does nothing to pay down our debt. So, if we aren't covering our deficit, that means we are doing nothing but adding to our debt. Great plan you idiots.
Cuts are needed across the board. Deep, painful cuts. I know my liberal, or progressive, or whatever you are calling yourself, friends will say that conservatives are trying to starve children, kill old people, and ruin the environment all in the name of giving the "wealthy" tax cuts. Whatever! That is a lie, pushed on you by a liberal media, that doesn't have anything else in their arsenal, so they fall back on the tried and true method of misrepresentation.
Cutting taxes, no matter WHO they are on always results in an increase in revenue to the Federal Government. Why? Lower taxes means more to spend. More to spend, means more things are bought. More things being bought means higher demand. Higher demand means more employees are needed to meet that demand. More people working means more taxes being paid and that results in higher revenues. By the way. The OPPOSITE happens when you raise taxes. But don't take my word for it. Here are the figures...
Year Revenue
2000 - 995.1 Billion
2001 - 1.028 Trillion
2002 - 1.064 Trillion
2003 - 1.114 Trillion
2004 - 1.186 Trillion
2005 - 1.263 Trillion
2006 - 1.339 Trillion
2007 - 1.407 Trillion
2008 - 1.436 Trillion
2009 - 1.411 Trillion
2010 - 1.466 Trillion
2011 - 1.507 Trillion (estimated)
These increases are under the Bush Tax Rates. Look....they go up, not down. Hmmm, maybe the problem isn't the tax rates. Maybe it is the spending. Nahhhh, I am just fear-mongering here. Trying to give the oil companies more subsidies. (Those do not exist by the way. Show them to me Mr. President. They get the same tax breaks ALL companies get, even GE, who paid almost NO Taxes last year. It is good to be F.O.O.)I recently presented these facts and figures to a liberal acquaintance of mine and the debate immediately switched from facts and figures to "I can't believe you conservatives actually stand up for the rich, who are destroying the middle class" crap. Don't let facts get in the way of a good theory.
I have said before and I will say it again, I would be more than willing to pay more in taxes if I believed that our elected officials would actually be responsible with the extra money and not be wasteful with it, like studying the habits of foreign prostitutes, or building treadmills for SHRIMP! (both of these were actual stimulus plan exenditures)
Wanna know how to pay off the deficit and keep the US at a Triple A credit rating? Balance the budget. Period. It isn't rocket science. Show you are serious about tackling the debt and keeping your finances in order, the rating will stay high. Keep spending and do nothing substative to tackle the debt, kiss the credit rating goodbye.
I guess what I am trying to say is this. Both sides got us into this. Neither side seems particularly anxious to get us out. Balancing the budget means no more "special" projects to win votes. Awwww, poor widdle politicians!
There is much more I could say about this, but I will leave it at this. Balance the budget you fools!
Thursday, July 28, 2011
Monday, July 4, 2011
4th of July thoughts
I am thankful to live in this country. No other country in the history of the world has accomplished what the United States has in such a short amount of time. No other country is as generous as the United States. All because a few very brave men put their "lives, fortunes and sacred honor" on the line.
Right now we are in a "fight" for our financial life as a country. Politicians, whose only goal is to stay in power, have promised all things to all people, and now the american people, and their children and childrens children are stuck with trying to pay off their promises. Now we are trusting these same politicians to make the right decisions as to how to pay off this debt and put us on sound financial footing. Fool me once......
"I place economy among the first and most important virtues, and public debt as the greatest of dangers to be feared. To preserve our independence, we must not let our rulers load us with perpetual debt. If we run into such debts, we must be taxed in our meat and drink, in our necessities and in our comforts, in our labor and in our amusements. If we can prevent the government from wasting the labor of the people, under the pretense of caring for them, they will be happy." -Thomas Jefferson
On this Independence day, we have saddled future generations with enormous public debt. Most americans believe that our children will NOT have things as good as we do. This is the first time in our history this has been thought of future generations. I worry for our kids future myself. We are already taxed on our food and drink, necessities and comforts, our labor and amusements. What else is there? Higher taxes on these things? We can tax the "rich" at 100% and still not have enought to pay our deficit for one year. (the top 1% already pay 50% of the income taxes in our country. The top 10% pay 80%. I think they are already paying their fair share)
Raise the debt ceiling? Neither option will end well. Yes, and congress will continue to spend, plunging us deeper in debt, and trashing our nations credit standing. No, and deep cuts in all programs and services will need to be implemented, which will also cause pain for a lot of people.
As for me, I would rather have the pain now, so our children can enjoy liberty like we have, instead of being enslaved by crushing debt.
I do not have all the answers, but as I watch my son Jack playing on the floor in front of me, I pray that his generation will enjoy their liberty, and not have to ask us why we didn't solve the problem when we had the chance.
Right now we are in a "fight" for our financial life as a country. Politicians, whose only goal is to stay in power, have promised all things to all people, and now the american people, and their children and childrens children are stuck with trying to pay off their promises. Now we are trusting these same politicians to make the right decisions as to how to pay off this debt and put us on sound financial footing. Fool me once......
"I place economy among the first and most important virtues, and public debt as the greatest of dangers to be feared. To preserve our independence, we must not let our rulers load us with perpetual debt. If we run into such debts, we must be taxed in our meat and drink, in our necessities and in our comforts, in our labor and in our amusements. If we can prevent the government from wasting the labor of the people, under the pretense of caring for them, they will be happy." -Thomas Jefferson
On this Independence day, we have saddled future generations with enormous public debt. Most americans believe that our children will NOT have things as good as we do. This is the first time in our history this has been thought of future generations. I worry for our kids future myself. We are already taxed on our food and drink, necessities and comforts, our labor and amusements. What else is there? Higher taxes on these things? We can tax the "rich" at 100% and still not have enought to pay our deficit for one year. (the top 1% already pay 50% of the income taxes in our country. The top 10% pay 80%. I think they are already paying their fair share)
Raise the debt ceiling? Neither option will end well. Yes, and congress will continue to spend, plunging us deeper in debt, and trashing our nations credit standing. No, and deep cuts in all programs and services will need to be implemented, which will also cause pain for a lot of people.
As for me, I would rather have the pain now, so our children can enjoy liberty like we have, instead of being enslaved by crushing debt.
I do not have all the answers, but as I watch my son Jack playing on the floor in front of me, I pray that his generation will enjoy their liberty, and not have to ask us why we didn't solve the problem when we had the chance.
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