Wednesday, May 31, 2017

The Budget

Trump put out his proposed budget and Bernie Sanders had this to say about it:

President Trump's budget is morally obscene and bad economic policy. It will cause devastating pain to the very people Trump promised to help during the campaign. At a time of massive income and wealth inequality, when 43 million Americans are living in poverty and half of older Americans have no retirement savings, we should not slash programs that senior citizens, children and working people rely on in order to provide a massive increase in spending to the military industrial complex. Trump's priorities are exactly opposite of where we should be heading as a nation.
The words “morally obscene” is a very peculiar in its descriptiveness. His choice of words, demonstrates his political adeptness at sodomizing the voter’s mind with an intangible abstraction.

43 million people are living in poverty. That’s about 13 percent of the population. You will not starve to death, on food stamps, but you could die of type two diabetes from being severely overweight. For what it’s worth, a lot of people work in the underground economy pay no income taxes, so they automatically fit the government’s profile for poverty. The neat thing about food stamps, is that it frees up money for cell phones and cable TV.

Half of older Americans have no retirement savings. The sad fact is that most people don’t feel old, so they put off saving for retirement. Reality clicks in about age 55 to 65 and then you realize that age snuck up on you. You were young and vibrant even in your 50’s and proud that you didn’t show your age. Reality and your age meld, and you realize that you haven’t saved a dime. Social Security isn’t going to provide the lifestyle you had in your dreams for retirement. Your new retirement reality, is sitting in a rocking chair watching TV reruns until you die.

The Federal government’s job is Defense of the country, protection of its citizens, and regulation of trade and commerce. The fact needs to be realized, we can’t have everything we want from government. When a lawmaker attempts to cut a program, some bleeding heart brings out a pregnant woman or a couple of very young kids.

There is a general disconnect between the taxpayer and what the government spends the tax dollars on. You have paid what you were assessed in taxes and assume that all of the bills will be paid. The bills will get paid, but with borrowed money. The taxpayer wasn’t given a true bill for services to be rendered. This concept eludes 95 percent of the voters. So, getting reelected is no real problem. You just have to prove to your constituents that you voted for "Save the whales" and Bill Gore’s "Green earth programs."

This uncontrolled spending by the government, is increasing the rate of inflation and ruining the savings of our nation. It is a tax on your savings for retirement. California Democrats looked at the idea of a single payer health insurance and came up with sticker shock. The cost of the program would run about 400 billion a year for the state. The current budget is only 175 billion. Common sense suggests that estimated cost doesn’t attempt to cover those here illegally.

When you examine the Congressional problem of financing the budget, the real question isn’t "where do we cut?" Rather your Congressman is mentally thinking “What benefits can I give away to get reelected?” It’s a little like sitting on the limb your sawing off of a tree. It works until it doesn’t.


Paul said...

sorry Jim. you are right but in a distinct minority

Jim in San Marcos said...

Hi Paul

Sadly, its what the rest of the world thinks, that counts.

Minority's don't do well. I follow when I can't lead.

Thank you for your post