I think that we can all agree that if we had a friend who only made $50,000 each year, but had $315,000 in credit card debt, we would be worried about that person’s mental health…
If they asked you for help, would you recommend that they work 6 jobs so that they can continue spending the same amount of money and never get out of debt? Or would you recommend that they take on one extra job while drastically reducing their spending while trying to pay off their credit cards?
Of course, you would likely do the latter. When you have a spending problem, it is okay to want more income, but controlling your spending is an absolute must in order to get your house back in order.
If the United States Government was a person, they would be this person!
Unfortunately, our government has chosen neither of the options outlined above. They have basically taken on a few extra hours at work (in the form of more taxes) while deciding to spend even more than ever before (in the form of ObamaCare).
The Democrats have decided that they do not want to cut spending, because they think they can raise enough taxes to get out of this mess. Here is the truth, they could raise everyone’s taxes by 25% right this second, and use that money solely to pay off the debt, and it would still take 15 years to get back to even. That doesn’t even count the Trillions of dollars they are adding to the debt each year.
Conclusion: The debt is too big to tackle by raising revenue without cutting spending.
The Republicans believe that we can stop cut spending, without raising taxes, and get this mess under control. Here is the truth, in order to make this work, the government would have to cut 90% of its spending for the next 20 years in order to achieve this goal.
Conclusion: The debt is too big to tackle by cutting spending without raising revenue.
The sooner we can all agree to these simple facts, the sooner we can help our dysfunctional friend get back on their feet.
We do not need conservatives, we do not need liberals, we just need people who know how to do math. Anyone out there fit that description?
If so…Please, Please, Please run for congress!
This is not about political parties, this is about a person who is riddled in debt looking themselves in the mirror and deciding that today is the day to stop living a lie. Today is the day when they cut back on what they can live without. Today is the day when they decide to spend more of their time working hard to make some more money so they can pay off some of their debt. Today is the day to make a plan, execute a plan, and endure some tough years on their way to achieving the American Dream.
If they don’t, the American dream as we know it will not be available to any one of us in the future…
- Obama’s victory on debt ceiling comes at a terrible price (cornhusker4palin.newsvine.com)
- Robin Koerner: The USA Defaults — on Its Constitution (huffingtonpost.com)
- Government Reopens, Spends $328 Billion In A Single Day (personalliberty.com)
John: “Rich people should pay more in taxes and poor people should pay less.”
Socrates: “How much more should the rich people pay?”
John: “They should pay their fair share, since they are making so much more than us.”
Socrates: “Define their fair share for me.”
John: “Well, if someone makes ten times as much as me, they should pay ten times as much in taxes.”
Socrates: “How much money do you make John?”
John: “My wife and I make $45,000 a year.”
Socrates: “So, if you two paid $10,000 in taxes, someone who makes $450,000 a year should pay $100,000 in taxes?”
John: “Yes, that sounds about right.”
Socrates: “Okay, so what I am hearing you say is that people should pay their fair share?”
John: “Exactly! I honestly don’t know how anyone could really argue against that point!”
Socrates: “So, someone who makes $45,000 should not be allowed to pay zero in taxes?”
John: “Of course not! Following our logic, they would be paying way less than their fair share.”
Socrates: “So, if a group of people make 45% of the total income, they should not have to pay over 70% of the taxes?”
John: “Obviously not. Following our logic, they would be paying way more than their fair share.
Socrates: “So, if there was a tax code that forced people who make up 45% of the total income pay over 70% of the taxes AND allows 47% of income-earners to pay zero taxes, that would not be a fair system?”
John: “Of course not! That would be way too far in the other direction, you are trying to make me look like a Radical Communist!”
Socrates: “So, in that system, you would actually want the rich to pay less and the poor to pay more?”
John: “I guess, if that system was actually in place, I would be arguing for the rich to pay less and the poor to pay more.”
Socrates: “But John, the system I just described is the current system in the United States. I thought you said the rich don’t pay enough today?”
Socrates: “True wisdom comes to each of us as we realize how little we understand about life, ourselves, and the world around us.”
Over $1,000 per Federal Tax-paying Household goes to Foreign Aid every single year. That is a fact.
The Liberal media enjoys calling attention to the fact that Foreign Aid only makes up 1% of the National budget. They like to ignore the fact that Foreign Aid has been going up drastically ever since our economy has been collapsing. Our government has decided that now is the best time to send money abroad, rather than use it at home. They also fail to mention the fact that Foreign Aid would be much more than 1% of the National budget if the National budget was as small as it should be! We are adding trillions of dollars to the National Debt per year, so assessing different programs as a percent of the National Budget is just a shell game to make everything look small so that you won’t realize how quickly the numbers add up.
Now that we are knee-deep in the Great Recession, we need to look at every expenditure and justify it. So…how do we justify things like…
Foreign Aid has grown over 300% over the last ten years…while the economy has been declining
We gave Afghanistan over $11 billion in 2010
We have Pakistan almost $3 billion in 2010
We gave Israel almost $3 billion in 2010
We gave Iraq over $2 billion in 2010
Egypt and Haiti also got over $1 billion
How do we justify all of this spending when we are so broke at home? I am not arguing that we should knock it down to zero. I am simply arguing that our Foreign Aid should not be rising 300% during a time when we have had terrorist attacks, wars, and a Great Recession to deal with. That, in my opinion, is irresponsible government. What do you guys think? We would love to hear from you. Share this with your friends and family, and encourage them to share their thoughts. Enjoy!
- Obama Increased Foreign Aid 80%; Spent 76% More on Foreign Aid Than Border Security (creepingsharia.wordpress.com)
- Divert billions from aid budget to turn Britain into ‘foreign aid superpower’, Civitas report says (telegraph.co.uk)
- Benghazi Report shows troubling now accountability trend – no one directly fired due to scathing findings ( yet Eric Boswell , Charlene Lamb , Raymond Maxwell clearly pushed out the door . All to give Hillary cover ? ) Meanwhile note Americans still can (fredw-catharsisours.blogspot.com)
- Opposition Leader: Obama Administration Downplayed Brotherhood Warnings (algemeiner.com)