My topic on day five is taxes, my understanding is that come January 1, if congress hasn’t reached an agreement about existing tax breaks, then a whole bunch of us will be seeing a lot less in our paychecks every pay-day. You know, I don’t think I would mind losing my tax breaks quite so much if I actually thought the government was cutting costs to make ends meet instead of increasing their debt.
Think about it; when times get tough in your household what do you do? You take a look at what your output is and say, where can I CUT spending? You don’t run out to the bank and say give me a new credit card.
But that is exactly what the government intends on doing in order to meet their output. Let’s face it, there are two ways to make ends meet 1) find a way to make more money or 2) cut what you spend. One way to make more money is to increase taxes, the other is to incur more debt (in a manner of speaking I guess it would technically be like raising the credit line on your home equity loan, except they aren’t mortgaging a home, they are mortgaging our future!) The economy is in the tank and they are talking about raising taxes again, I heard they may increase the amount of federal tax on a gallon of gas. If the government would figure out a way to decrease spending, then perhaps the American people wouldn’t feel so bad about an increase in taxes.
Let’s face it; we need to cut somewhere but in my opinion they are cutting in the wrong places. People on Social Security will not be getting an increase this year and I can’t help but think that the ‘seniors’ have already paid their dues and they are supposed to be in their “golden years” but how can you enjoy yourself if you can’t afford to live? Why doesn’t the government focus on the folks who won’t work, instead of the ones who can’t work, or the ones who have already worked and just want to enjoy the remaining time they have left?
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