I’m not going to try and be an ass about this. To me, this is a very logical subject. We should be approaching this with logical thinking. I understand that politics are anything but logical, though. So this will probably fall on deaf ears.
It is apparent to me that most Americans don’t know how to operate with a budget. There are millions of people stuck with huge credit debt. Whether it was a credit card, or a loan, etc. It’s obvious that some of this credit is the bad credit that is plaguing the housing market and Federal loans. So there’s no budget or spending skills there.
Americans vote for people who represent them best. It’s usually the people who promise them somthing. Something that costs the government money. Regardless of party. Regardless if it’s state or federal level. So elected officials are going to spend money, because their people want them to spend money and/or help them make money.
Now, these same Americans – the ones who have no budgeting skills – are upset at the government for having a huge deficit. Also, they don’t want to add money as well as cut spending to help pay off the debt. No taxes, they argue, even for the people who can pay them.
Now, this doesn’t work. Even at a personal level. Let’s look at a family budget. When everyone’s paying what they can into the family budget, it eases debt and allows spending for things they need. But if one person choses to pay less or none at all, the others have to either get more income or go into massive debt. Of course they’re going to cut back on spending, but then they can’t afford to spend money on things they need either (gas, food, heat, shelter, water, etc).
10 years ago, we had these minimal taxes that companies grumbled about, but still expanded and made a lot of money. Things were okay. Then, we rolled back those taxes because people thought, “Short term capital gains from no taxes is gooooood!” And it was, for a short period. But the costs didn’t go down on everything we were already paying for. On top of that, we spent more on wars and other Federal things. Yet, when we want to roll back something we could afford and had no problems with, everyone goes nuts.
Despite what brought us into this mess, the only solution is to return to normal income levels as well as spending cuts. The fact that people don’t get that … that tells me most Americans don’t understand how to work on a budget. Or are illogical. Or just plain stupid. I’m electing for all three at some point.
I’m not picking on all the elected Republicans, because they are just reacting to what their constituents are asking for (no taxes). I am picking on regular American Republicans (and moronic Republican politicians) who can’t seem to understand that no taxes does not solve the problem and if they want to live with streets, schools, social security and emergency services/military, the money has to come from somewhere. Asking people with NO money to make up the difference does not help, because they can’t pay and support the economy at the same time.
I live on a budget, so I think this is all logical. Just put it back the way it was, stop spending money on stupid things and we’ll be making progress. Doing nothing is not helping anything.