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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.
Related
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In Answer to Opinion Duck about TARP and the Stimulus, the Debt, and the Deficit (updated 3-5-2011) [47]
Changing Realities: Retirement Planning in the New Economy
A Short History of American Panics, Recessions, Depressions: Why Conservative Economics Can't Work (11-20-2016)
Comments
- Author
tirelesstraveler,
You are right, did you see NOW Bloombery, in NYC, wants the two-liter bottles of Pop BANNED from pizza deliveries?.....
THAT is the ignorance we are facing more and more every day.
and YES, the mere thought of "something" bigger than a liberal mind existing out there is not POSSIBLE!
Hey, thanks for stopping by! Always a pleasure to hear from you.
- Author
wba108@yahoo.com,
I think your "the government knows best" philosophy is a spot on phrase that describes the liberal mentality.
Thanks for commenting, I appreciate it.
Chris
We go to university and become educated and then the government tells us we aren't capable of knowing what is best for our families. Curious world we live in.
People who aren't real scientist can tell us we are to blame for global warming; despite the fact they didn't even see a meteor the size of a bus until it hits us. And they were looking for meteors. Why didn't the powers that be know and protect the world from that meteor. Could it be there might just be an intelligence greater than man?
"Most of us have learned from an early age that we simply cannot spend more than we make."
Apparently those who espouse Keynesian theory, think that spending more than we make increases consumer demand and therefore is sound economics! Go figure!
"Even more tantalizing, is that this administration firmly believes it knows how to invest OUR money better than we do."
I call this "the government knows best philosophy"! This has been the thinking of tyrants thoughout history, that the common man needs a master to make decisions for them, for their own good!
- Author
Hi Sue! Common Sense is all I want, is that really asking for too much?
Glad to see you and thanks for your support.
Chris
Hi Chris,
A great rant. Those in power are lacking what you have and that is common sense. I agree that government spending should be cut especially when it comes to the special interest groups.
Voted up and awesome
Take care :)
- Author
fpherj48, WOW! I appreciate those very kind words.
Chris
- Author
Patriette, I love that quote, it is spot on.
Appreciate your visit.
Chris
- Author
Thanks tirelesstraveler,
this one felt good as I was ranting away...
:)
Chris
You may feel this is just another "rant" that makes you feel good....but I hope you know better, because it's brilliant info and makes a whole lot of sense! Send copies straight to the White house, Congress and every Politician alive...UP++
I don't know who said it, but the following statement seems relevant to your rant, Chris: "The bigger the government, the smaller the individual." I guess to the mind of the statist, that's the whole point. Thanks, Chris. Voting Up and Interesting.
Delighted to learn somebody besides me realizes that if you give more money to the government that leaves less money to buy groceries for your family. Lovely rant. Keep educating the masses Chris.
- Author
Hi rfmoran,
I hope we get this borrowing problem fixed, and it does not become a problem for our grandchildren.
I appreciate you kind words.
Chris
Excellent rant Chris. What seems so obvious to most sentient human beings is no considered so in Washington. As George will said, "The future has a way of showing up unannounced." The future is here! We borrow 40 cents of every dollar we spend. I hope my grandchildren forgive us.
- Author
Hello lifegate, nice to hear from you and I appreciate your uplifting remarks..it made my day.
:)
Chris
- Author
Hi Frog!
You said it all..........some people LOVE to spend money that is NOT theirs. That is why we got in this shape.
I need to get over and pay you a visit
Chris
- Author
Hi teaches12345,
I am glad I got ya to thinkin, and your are right, WE the people know how best to spend OUR money....NOT the Gov.
Appreciate your words.
Chris
- Author
HI DEX!
Yeah, I can honestly say, my rants ARE from my heart.
I probably outta get my heart checked...I may have the BIG ONE one of these days with my 'raging rants'....lol.
Thanks for your visit.
Chris
- Author
Thanks Mr. Archer........YOU get it! We just need MORE Americans to get it, so we can once again see what a "booming" economy looks like.
I really appreciate you coming by and commenting.
Chris
- Author
Hi Mike, always great to hear from you.
I realize many people would not mind kicking in, if we quit the ignorant spending, but my point is, that there should be no reason for anybody to kick in more money, if we allow the entreprenuers to freely spend their hard earned money in a fashion THEY know best...creating more jobs, which creates more tax payers, which creates more federal revenue.
I appreciate your input.
:)
Chris
CM,
There's only one thing better than a good rant. Yup, a raging rant. And you bring the best. Thanks for all of your logic. If certain "politicians" used logic the world would be a better place.
Nice rant Chris and so true. Here's what the mindset seems to be at the present time. Those wise sages (said tongue in cheek) in Washington find it very easy to spend money that isn't theirs or there. Then there is the it's "government money" mentality and there is no such thing. When we go over the fiscal cliff, which seems likely, watch what happens when the entitlement mindset crowd has their goodies yanked away. Socialism is fine until you run out of other people's money.
There has to be pain involved at this point and our career pick pockets are avoiding it at our nation's peril.
The Frog
You have me thinking, Chris. I hear the taxes for a family is going up $200o on average in 2013. Wouldn't this be better used to help the family pay their own personal debt? They are taking from the poor to help the rich.
Chris! I love your rants! They are from the heart! Thanks for sharing!
If we can't afford it, we shouldn't buy it, and if we are buying, we need ot stop. Like the previous comment states, if times are tough, we don't eat steak: we eat mac and cheese and peanut butter and jelly. It's time Government learned these simple lessons we simple folk have already learned the hard way. Keep takin' it away boys, and we'll be eatin' bone soup again!
Chris - Great rant as always my friend. Time after time, reports are published identifying exact areas of gross waste (Theft) of tax payers money, but nothing ever happens. Perhaps by just plugging these rat holes that drain our coffers, we would not need to ask for more taxes?
Every responsible person running a household knows that when times get tough, some things just have to go away. To borrow money to keep everything just the way it is borders on insanity.
I feel that if we cut the waste and still needed a little more revenue, most tax payers would be glad to help. It is seeing so much of their hard earned money stolen and wasted that upsets most of us.
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