ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Cutting the debt without killing the economy

Updated on June 12, 2015

Most of us have learned from an early age that we simply cannot spend more than we make. It is the most commonsensical economic lesson that can be comprehended by any hard-working American. We also understand that increasing the amount of monetary burden upon these workers is not a reasonable solution to fixing economic hardship. Just look at Greece and Spain. It is the most prime example of this form of logic. It just does not work.

Then WHY, I ask? That our current administration and its ilk, continue down this path. Increasing taxes, though they claim they only want to tax the very wealthy, but those of us who understand exactly what their intent is, see exactly the danger this poses on our nation regarding economic growth.

Most economists clearly understand that raising taxes during a down economic time is not an astute technique to increase federal revenue. The most logical and proven way to achieve this task is to allow these hard working Americans to keep more of their hard-earned money, to freely invest as they best see fit, to secure their own personal pursuit of happiness. Just as promised in our Constitution.

Yet, this notion of raising taxes to increase our federal revenue is being pounded into the heads of constituents of liberal politicians who are the only ones who capitalize by this ineptness. The demonization of the taxpayers in the top 50%, who actually pay 86% of the federal taxes, is being used in their platform. It is especially true of the outrageous attack upon the top 1%, who already pays for nearly 40% of ALL federal income taxes, is constantly being displayed as evil capitalists, who hate poor people. Dividing this country pitting one class of Americans against another class has become a standard “call” out of the playbook this past four years.

Even more tantalizing, is that this administration firmly believes it knows how to invest OUR money better than we do. It has spent, through our Department of Energy, nearly $35 BILLION dollars on guaranteed loans to “GREEN” companies that are predominantly FAILING! Such as Solyndra who went bankrupt with nearly ½ Billion dollars of taxpayers money.

Some 26 projects was funded by this administration under what is known as a Section 1705 Loan Program, with over $16,000,000,000 given away that was supposed to create up to 5 million jobs. But, the most recent count is that it has only created 2,378 permanent jobs at a cost of $6.7 million per job.

To add salt to some serious wounds, and this is just my own conclusion, but it seems as if this nothing more than an extremely well dressed method of returning favors to lobbyists who gave dearly to this administration at the taxpayers’ expense. Buffet and Soros are only a two of several that you can google and see some direct ties to this whole debacle.

I have strayed away from my original rant.

Point being to all of this is that the only way to cut our debt without killing our economy is to first of all cut government spending, especially in the entitlement area, and reduce the tax burden we all face, allowing us to invest and create jobs, thus raising the federal revenue. Kennedy did it, Reagan did it and Bush did it.

Seems simple to me….but then again, this is just another RANT of mine, to make me feel better.

working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://corp.maven.io/privacy-policy

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
ClickscoThis is a data management platform studying reader behavior (Privacy Policy)