I just cannot believe the absolute stupidity of Congress in passing the bill to extend tax cuts and unemployment benefits. Their action borders on the intelligence of one who could be classifed with a mentality of an idiot or lunatic. What they have done is to kick the proverbial can down the road even further, getting it to its final destination of economic collapse of this nation.
Now I understand the urgency and necessity of doing something to correct a perilous and chaotic situation, but one must realize certain economic and fiscal facts. Those facts almost scream out that our national treasury is now severely overdrawn and cannot afford anymore withdrawals.
All I hear about Social Security is it is almost broke and needs immediate fixing. How in the world if this system is broke are we going to fix it by lessening the amount of income it receives. If anything we should be restoring those cuts and maybe increasing the tax somewhat. I know this seems harsh a measure to some, but pure mathmatics will prove me right.
Again I have bring in my slogan here: "reduced spending=reduced taxes, you can't have one without the other. They go together like a horse and carriage". To increase the spending needed to finance the ever increasing numbers of those who will apply for those benedfit, you must have a corresponding increase in the SS tax to keep it afloat. Either that or cut all the extra programs now attaced tothe plan that really should not have.
Pesonally I would like to see those cuts in the SS tax restored if it means such an increase will continue to allow me to have my SS benefits. It is better to pay an additional $2.50 in SS taxes every week than to lose all my SS benefits. I like many others are totally dependent on these benefits and cannot afford to lose them.
The same situation applies to unemployment benefits. People have to realize they can't live on these benefits forever. People have to work to generate the revenue to fund the unemployment benefits through taxes withdrawn from their pay. Unfortunately to keep everything afloat the Federal Reserve has to keep printing worthless money to cover the overdrawn account of the U. S. Treasury. This action in turn will cause inflation to increase as well.
THE SPENDING SPREE MUST STOP AND STOP NOW. The government like the rest of us must spend only what we have and stop borrowing from the Federal Reserve to finance their insane and mad spending spree. Time is running out and running out fast. The rogues in Congress must all be voted out and replaced with people having high moral and ethical values, dedicated to spending as our economic laws allow PERIOD!
It is also time for the two parties to go--there is really no difference between the two and they all stick together, right or wrong, in dealing with out economic woes which they precipitated in the first place.
Time is running out. Stop kicking the can and face reality. Your spending days are over and you will face the music which will be anything but pleasant to the ear.
Now I understand the urgency and necessity of doing something to correct a perilous and chaotic situation, but one must realize certain economic and fiscal facts. Those facts almost scream out that our national treasury is now severely overdrawn and cannot afford anymore withdrawals.
All I hear about Social Security is it is almost broke and needs immediate fixing. How in the world if this system is broke are we going to fix it by lessening the amount of income it receives. If anything we should be restoring those cuts and maybe increasing the tax somewhat. I know this seems harsh a measure to some, but pure mathmatics will prove me right.
Again I have bring in my slogan here: "reduced spending=reduced taxes, you can't have one without the other. They go together like a horse and carriage". To increase the spending needed to finance the ever increasing numbers of those who will apply for those benedfit, you must have a corresponding increase in the SS tax to keep it afloat. Either that or cut all the extra programs now attaced tothe plan that really should not have.
Pesonally I would like to see those cuts in the SS tax restored if it means such an increase will continue to allow me to have my SS benefits. It is better to pay an additional $2.50 in SS taxes every week than to lose all my SS benefits. I like many others are totally dependent on these benefits and cannot afford to lose them.
The same situation applies to unemployment benefits. People have to realize they can't live on these benefits forever. People have to work to generate the revenue to fund the unemployment benefits through taxes withdrawn from their pay. Unfortunately to keep everything afloat the Federal Reserve has to keep printing worthless money to cover the overdrawn account of the U. S. Treasury. This action in turn will cause inflation to increase as well.
THE SPENDING SPREE MUST STOP AND STOP NOW. The government like the rest of us must spend only what we have and stop borrowing from the Federal Reserve to finance their insane and mad spending spree. Time is running out and running out fast. The rogues in Congress must all be voted out and replaced with people having high moral and ethical values, dedicated to spending as our economic laws allow PERIOD!
It is also time for the two parties to go--there is really no difference between the two and they all stick together, right or wrong, in dealing with out economic woes which they precipitated in the first place.
Time is running out. Stop kicking the can and face reality. Your spending days are over and you will face the music which will be anything but pleasant to the ear.
