Congress is trying to rustle up a tax break for everyone to help stimulate the economy. I thought it was too much spending that got us into this mess. Government tax receipts for this year are certain to be less than those for last year. Why give it back? Carry it forward and spend it next year.
They want Bernanke to lower interest rates so people can refi their houses. The fact that a lot of homeowners paid too much for their home, doesn’t enter into the equation.
Then there is universal health care. It isn’t going to get cheaper because of government legislation. The irritating thing is the word “universal.” It’s kind of like the car dealer walking up to you and saying, “Will this be cash or do you want to finance it?” He is trying to close the deal. When you buy the concept “Universal” that means “Everyone deserves it.” In my opinion if you can’t afford it, that’s just too damn bad. I’m no goodie-two-shoes, life is tough and life is unfair. You want the BMW and no health insurance, live with it. There are tragic exceptions to this all of the time, but that is life. We have to make choices about what we want to consume in life, because of one basic fact, we can’t afford everything. Congress doesn’t understand that concept.
Social Security is a huge government commitment. Benefits are tied to inflation. It’s amazing how low inflation is (insert horse laugh here). I guess if you are too old to drive, the cost of gas doesn’t enter into the equation. You need to be over medicated just to fill your tank.
A lot of what is going on in Congress revolves around pure stupidity. Stupidity is a little like dynamite; it doesn’t take much to do a lot of damage. The government faces decreasing tax revenues because of the shrinking economy. Nothing has been saved up from the good years. Congress just spent more because it was there.
The idea that we can spend our way out of this mess boggles the mind. It’s kind of like mixing Preparation H with salad dressing so it tastes better. You know what you want to do, but you are starting at the wrong end.
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