My wife and IFiled under: Happening Now, Politics | Tags: bankruptcy, budgeting, debt, millionaires, Politicians, Spending, Taxes
That seems to be the Presidents plan, raise taxes and spending which is of course self-defeating. If you continue spending more than you take in, you will eventually go bankrupt, we realize that in our own homes because we see what overextension has done to our friends and neighbors. In my own case, it took me 8 years to pay off all my debts. I have friends that have had to declare bankruptcy, and they are still in a credit problem. Yet the Federal Government seems to think they can continue to spend more than they take in. If we don’t quit the spending, the country will find itself being cut again by the rating agencies. I cannot fathom why the President and the Democrats continue to insist on more spending and taxing people at the $250,000 per year income rate. They also keep saying these folks are millionaires. 1/4 of a million is not a million, I don’t know why the Administration continues to call them millionaires.
The other reality is that even if they do tax these “millionaires” they will only have enough money to cover 8 days of the gov’t operations. So when does the Federal Government get real and begin to actually tighten their own belts. Of course if they do, then they can’t offer all those handouts to all those who are now on the gov’t dole. I am not saying that folks really want to get on the payroll, but, some do and that means that they want to continue to get paid. Politicians want to get re-elected, ever notice that as soon as they get elected the cycle begins again, they are already running for the next election. The Senators actually make more money than you or I and they give themselves raises every couple of years. Most of these people leave the Senate or the House as millionaires themselves. Does that happen to you or me in our jobs? NO WAY! Can we spend money that we don’t have? Sure we can use our charge cards, but, how long can we go before it catches up to us and puts us in the midst of financial trouble.
So what do you think it should be, cut spending or raise taxes?politic
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