How to pay for Social Security is the wrong question. The real question we should be asking ourselves is should the federal government even be in the retirement fund business. The same thing applies to health care. Is it the federal government’s purview to be supplying public health insurance. Continue reading
Tag Archives: government spending
Ideological budget battles between GOP and Dems in congress mask the real battle erupting across America– the battle between the makers and the takers. Entrepreneurs and other working Americans, the makers, are growing tired of government’s rapacious hand in their financial pocket and they are becoming more aggressive and more outspoken in their protests. Dems should expect this trend to continue.
Congress is financially schizophrenic. On the one hand, they treat our money as their own, generously allowing us to keep a portion of it after taxes, whatever portion they deem fair. On the other hand, they spend it as if it were other people’s money, as Bernard McGuirk commented on the Hannity show, referring to Congress as “…a pack of teenage girls at the mall with Daddy’s credit card.” The sick thing about it is that they use our own money to bribe us. They take our money, promising to buy us things with it, and expect us to be grateful. Earmarks are one of the most egregious examples of the flagrant violations of the public trust by our elected “servants.” Continue reading →
Obama was out pushing his infrastructure improvement program recently, theoretically trying to create jobs and jumpstart the fractious economy. The benefit of such programs is questionable though. Granted, there is a great need for repairs to our bridges, highways and rail systems, but does running up huge deficits (read future tax hikes) for these kinds of projects do anything to stimulate the economy?
There are two ways the government can implement the funding of these “shovel-ready projects.” They can collect taxes from you and then pay once the project is finished, or they can order the project to commence and borrow the money to pay for it. With our credit crazy system that does not require a balanced budget, you know what they do. These government funded projects provide a temporary benefit, but at what great price? Shifting money from one pocket to another doesn’t make one any richer, and neither does collecting taxes only to give the money back. Granted the infrastructure improvement projects are needed and getting something back for our tax dollar is better than just handing out a welfare check, but don’t be fooled by the claims that government make-work will stimulate the economy. Continue reading →