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Cutting the debt without killing the economy
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.