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| Blogs > sirius_for_fun > Sirius Stuff |
Does it really matter?
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Does it really matter? ***Spoiler Alert*** I am in a bad mood today! Do not read this if you are happy and want to stay that way. I just finished a story about the Bush-era tax cuts. Of course, the big debate now is whether or not to extend those cuts. Both sides, Republican and Democrat, are locked in election year battles and the posturing and pandering is epic. The question I had after finishing the story is this: "Does it really matter?" The outcome does matter in a fiscal sense, that outcome being whether or not the US will continue to spend more than it receives in taxes. But does the outcome of the election really matter? The Democrats would have us believe that we can let the taxes expire, which increases revenue but then increase our spending. Really? That kinda keeps us where we are now... in the red. The Republicans would have us believe that we can keep the tax cuts, which reduce revenue, but not make serious cuts to spending. Really? That kinda keeps us where we are now... in the red. The reality is that we have to reduce our deficit spending. Here are the ONLY possibilities: Increase taxes while lowering spending by a small amount Keep taxes the same while cutting spending by a moderate amount Lower taxes while cutting spending by a large amount (think the-end-of-medicare big) The problem is this is an election year. There is no politician who will stand in front of the camera during an election year and tell people the truth: we cannot have our cake and eat it, too! So the phony debate will continue. One side will win, right now that looks like the Republicans, and the deficits will continue to mount until our investors (mainly China and other foreign nations) lose faith in us and sell, sell, sell. "In the long run, the U.S. needs a fiscal policy that's based on neither hope nor fear, but on a realistic assessment of what the country needs from its government and what it can afford." (Peter Coy, Bloomberg Business Week) Not gonna happen. I don't know about you, but I just got the sudden urge to stock up on guns, ammunition, and canned food. Sorry if I ruined your day. |
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you know...i agree with you...damn politician...and this song came into my mind...see i live in back in the woods...and learning to garden... Hank Williams Jr, Country Boy Can Survive The preacher man says it’s the end of time And the Mississippi River she’s a goin’ dry The interest is up and the Stock Markets down And you only get mugged If you go down town I live back in the woods, you see A woman and the kids, and the dogs and me I got a shotgun rifle and a 4-wheel drive And a country boy can survive Country folks can survive I can plow a field all day long I can catch catfish from dusk till dawn We make our own whiskey and our own smoke too Ain’t too many things these ole boys can’t do We grow good ole tomatoes and homemade wine And a country boy can survive Country folks can survive Because you can’t starve us out And you cant makes us run Cause one-of- ‘em old boys raisin ole shotgun And we say grace and we say Ma’am And if you ain’t into that we don’t give a damn We came from the West Virginia coalmines And the Rocky Mountains and the and the western skies And we can skin a buck; we can run a trot-line And a country boy can survive Country folks can survive
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