Debt & Taxing then and now
Just remember 90+% of the us media are
democrats and that neither the democrat lead Senate or the white
house have passed a budget in over 3 years yet feel that they need to
raise the debt ceiling yet it is all the republicans fault .....and
last year it was all bush's fault... nothing about Clintons pushing
cheap loans with the help of freddie mac and fannie mae which killed
the housing market when people who should have never been given loans
that they could never pay off. which in turn cause that debt to land
on the banks that bought up the loans which had government backing
but when the poop hit the per verbal fan uncle Sam had no money and
the banks which we all thought are to big to fail did and and again
they came to uncle Sam but this time they had a president in office
that was more than willing to bail them out and blame the republicans
cause heck as far as the media is concerned he can do no wrong so it
must be the evil republicans with there smog, cutting down the
rainforest and telling people there is no global warming (I have
looked into this and you know what many of the people talking about
this are that same that were telling us in the 80's about over
population and the coming ice age brought on by our green house gas
out put) But heck why face the facts now after all according to my
math if they raise the debt ceiling we will have are credit down
graded again but that is not the really bad part by the end of the
2nd quarter we have reached the debt ceiling again at which point 68
cents of every dollar will be borrowed from places like china. At
what point do they just stop loaning us money......that doesn't even
bring into the mess of how they are printing more and more money and
trying to keep the inflation rate down QE like many governments tried
until the great depression kicked them into the real world is that
what we need? I hope not because if that happens we will no longer be
a world power we no longer have what it takes to live through that
kind of thing. when we entered the last depression are government
wasn't a 10th of the size it is now and we didn't even have ebt food
stamps and things of that nature so what do you think will happen to
the people on such programs? I don't know! O and before you start
talking about the "new deal" you should look up the math
and other facts you will find that it lead to prolonging the problem
not fixing the problem. That being said all the people saying we
should cut back our military spending to what it was in the 80's or
90's fine but if you want to do that then cut back our other spending
in to that time as well after all you can't just look at one part of
the spending in any given year and say “hay it worked then”
without looking at the total budget to get a good view of the real
issue. Our spending and income is currently way out of whack we are
spending almost two times what we are taking in. We need to live with
in our means!
Again thanks for reading and please
leave me your comments.
