By: Chris Kirkendall

Chris Kirkendall — Tue, 22 Nov 2011 17:12:46 +0000

The most telling thing of all in the argument over whether to raise taxes or cut spending is this: When was the last time any tax increase reduced the deficit? It never happens – Congress (especially Dems, but some Repubs are complicit as well…) sees the new funds & figures they have more money to play with & immediately start figuring out ways to spend it. They NEVER use it to pay down the debt. Does anyone (besides Michael Moore, Warren Buffet, et al) think they are not taxed ENOUGH? The Fed Gov’t takes in $2.5-3 Trillion/yr, and it’s NOT ENOUGH?? If you make $70,000 a year & can’t pay your bills, is it a “revenue problem” or a spending problem? Unlike the Fed Gov’t, most of us cannot walk into the boss’ office & demand more money because we can’t pay the bills. The only way we’ll get a raise is to actually perform better. But imagine if you somehow convinced your boss to give you more $$ based simply on the fact your spending outstripped your salary, and then upon receiving your increase, instead of paying down what you owe, you start another whole new round of spending – you buy a new, expensive car, decide to put a pool in your backyard, etc. Basically, that’s what the Fed Gov’t is doing with OUR moiney – and make no mistake – they don’t have a single DIME of their “own” money – every penny they get is taken from us, and they are not spending it wisely. The rest of us cannot live that way – at least, not for long, without ending up bankrupt…

Comments on: Supercommittee gives up

By: Chris Kirkendall