A Indecisive and argumentative congress along with all the political rhetoric is creating problems all across the board. The inability of our congress to come to a reasonable and balanced decision on how to balance the budget is effecting not only the credit ratings of The U.S. it is also effecting the stock market and the national economical growth. Our Congress needs to put aside political ideologies and get over the fear of making unpopular decisions so they can concentrate on the problems at hand. It will probably take a combination of spending cuts and the increasing of tax revenues to bail our selves out of this financial hole our government is in. Warren Buffet even made a statement supporting the idea of taxing the extremely rich (those who have earnings above 1 million dollars a year).
In the end it always comes down to the middle class as the ones to carry the largest part of the burden financially when it comes to stabilizing the economy and in paying taxes. Even though the tax increases might be focused on the rich it usually trickles down to the middle class consumer and worker in one form or another. This is a sad fact of the reality of capitalism and our nations financial system. To be honest being a lower middle class person myself I do not mind a slight tax increase in order to keep the entitlements such as social security and Medicaid / Medicare alive for our seniors. There is a few things we can do as Americans to help get our country back on track, things such as buying saving bonds, treasury bills and investing in the stock market. The Congress needs to grow up and face reality as well as put aside their political differences to get the job done when it comes to our national debt.
Buying U.S. T-bills is a very patriotic and sound investment. By buying T-Bills you are buying up American debt, this takes away from the debt that other countries own and helps finance our own government. To be honest I know our country is going to be debt for a very long time and I would rather the debt be owned by fellow Americans than any other nation. If we are going to look to the federal government to take care of all the woes and needs of our great nation we have the responsibility to help finance such measures. Like it or not any governmental intervention, subsidy and or entitlement has a price tag attached to it. We can not expect great things without having a some sort of price attached. So we either need to cut the fat and have less help from our federal government or we have to pay higher taxes in order to maintain the programs in place. The option of doing a little of both is also possible but it seems that our government is too caught up in their politics to be able to come up with a fair and balanced solution.
Well that is my two cents worth on the economy and what is going on today. Wrong or right, It is here for all to see.
As usual the Congress has half way done their job and gave themselves more time to act like children fighting in a school yard. They keep trying to cut entitlements and yet they are not putting their own wages and benefits on the line to save our national budget. The poor and lower middle class always seem to either pay the bills for the government or loose entitlements to help the government to spend money on earmarks and pork. I think they really need to take a look at all the projects they are funding that doesn’t help the citizens nor the nation and cut them off from funding. Leave Social Security and Medicaid/Medicare alone. Far as welfare it should remain but should be structured to be an assistance program not a life long support system. Unfortunately there is a lot of entitlement abuse and fraud going on in our great country, many people who are capable and unwilling to work use the entitlement system in our country. But there are many who need the assistance and either are denied or are too proud to accept the help. Should we get rid of entitlements? No, To become caulis and uncompassionate is not the answer. More regulation and a better system on confirming the need of assistance is a must. Follow up inspections of the recipients and their residences to confirm that they are indeed in need and not just abusing the help is what must be done.
There are many ways to reduce the national debt, one is to reduce our foreign aid, Borrowing money to give it away to another country is just plain stupidity. Instead we could help the developing countries and countries in need by getting them loans from those countries able to lend. The tax code also needs to be revamped, The rich have too many loopholes and tax breaks while the middle class and poor have very few tax breaks at all. Both rich and poor should have to pay the same percentage of taxes per dollar earned. Why should someone who makes millions pay less per dollar in taxes than some one who makes thousands? Another big strain on our budget is all the military actions (wars) we are involved in, The world seems to want the U.S. to play the role off planetary policeman but yet none of the countries seem to want to help pay the bill for our involvement. This is a world of many countries and or nationalities and therefore it should be a global effort to enact change and also to police the rouge nations. The U.N., N.A.T.O and the rest of the global organizations should work together to improve the quality of life for all of mankind and be a part of the global solution.
Not one man nor one nation should shoulder the responsibility for our world alone, it should be a totally global responsibility and universal effort to fix the problems our world faces today. Regardless of ones religion, race or creed we are all part of the great human race. Not one life is greater or lesser than another and all life is sacred.
I think all the governments of this world need to either grow up and face reality or they need to wake up from their dream state.
Well once again I rambled on long enough. Peace and Truth Be your Guiding Light Raymond Barbier
Will the congress keep being partisan and make a congress that is in permanent gridlock or will they man-up and work together for the good of our country? Will party and personal agendas stand in the way of the changes in policy that is needed to further and maintain this country’s well being? Will big business and lobbyists control the direction our country is heading in or will the congress finally listen to we the people? Only time will tell, but if they keep with status Quo then they will ignore the pleas of the citizens and bow to big business or lobbyist like always. They will be more interested in the agendas and the status of their own party than the well being of our country.
For change to happen it takes the development of the minds and hearts of those in power. They need to wake up to see that the true agenda of a government should be the wellbeing of both the citizens and of the country itself. Businesses will be born and shall go bankrupt that is a part of the free enterprise system. Not to say I am totally against bailouts, but how many mom and pop small business failed since the beginning of this recession and how many could have thrived if they too were considered for bailouts. Mom and pop businesses are the true backbone of America, unfortunately the government does not recognize them as small businesses because they do not make enough money to qualify.
Congress needs to grow up and stop bickering amongst each other and see they are all one family in the scheme of things. They all represent us and should stop making decisions based on party bias and more on if it would help both the citizens and the country grow. They may be Republicans and Democrats, But they are servants to the public and government first and foremost.
“We the People of the United States, in Order to form a
more perfect Union, establish Justice, insure domestic Tranquility,
provide for the common defense, promote the general
Welfare, and secure the Blessings of Liberty to ourselves and
our Posterity, do ordain and establish this Constitution for the
United States of America.”