Americans who consider themselves moderates don't seem willing to make difficult choices, so how much more will you pay? by Mark Vogl
(conservative)
Tuesday, November 1, 2011
The United States of America is galloping towards 17,000,000,000,000 dollars in national debt and those numbers do NOT include the financing of national health care, should it survive the 2012 election.
While the Tea Party arose in response to run-away government spending, and the American economy has stagnated, in large part due to pending decisions which could flat line investment return, Americans have NOT been loud or consistent in their call for a slashing of government. Wars, illegal immigration, trade imbalances, unreported inflation, and an exodus of industry from the United States have all combined to create a hurricane season in the business environment. Globalism has robbed the United States of its own marketplace! And still, Americans refuse to understand that one of two things must happen:
Massive increase in taxes from a wide a variety of revenue sources which will dramatically affect the take home pay, and disposable income of all Americans, or
Massive cuts to government spending so as to restructure the revenue – spending dynamic into balance.
Since Americans, and particularly those who call themselves moderates, (few call themselves liberals) refuse to accept:
that social security is headed towards bankruptcy,
that government health care budgets, from county through state and federal, have been exploding for literally a score of years,
and seem unaware of a government policy of inflation intended to devalue the debt, but also devalues your savings, home values, and current income and future retirement.
The question must be asked: How much more in taxes, in terms of dollars and as a percentage of your income are you willing to pay to receive the government you have now? How much?
It’s important to realize that when you answer this question concerning willingness to pay, you will most likely agree to an amount be way below the actual amount the government will take. And it is also important to realize that the amount you agree to now will NOT include the cost of Obama Care. National health care costs are not now included in the deficits we are running. Those are all new costs, requiring new revenues.
Moderates it’s time that you understand much of what you receive from government today is deficit financed. In your local school districts, where federal funds pay for meals, teacher’s salaries, etc, a percentage of those dollars is debt…we are not collecting taxes at the federal level to cover those dollars. Those increased costs of the federal Department of Education are increasing the nation debt.
Moderates, much of the monies spent on the wars in the Middle East…deficit financed.
Moderates, much of the monies spent on education, health care, housing social services and criminal justice costs for illegal immigrants are deficit financed!
And the list goes on and on. National Public Radio, earmarked money for home projects, unemployment, and all the spending by the Obama Administration to finance road and building projects are deficit financed.
So again the question arises, how much additional money are you personally willing to surrender to the federal government out of your present pay check? And do you realize that every dollar sent to Washington is a dollar you can not spend in your community? Do you realize that every dollar “invested” in your government is a dollar taken out of the economy?
America’s economy is not stagnating solely because of our deficit financing of the government, or because of the unknown costs of national health care. America’s economy is stagnating in part because of US policies which:
Severely restrict the exploration, development and refinement of our own energy resources
Embraced globalism which exported technologies developed during the Cold War and opened our borders to consumer goods from third world nations using child labor and without the costs of US domestic socialism.
The answers to America’s economic misery have NOT been addressed by the present group of candidates running for President. And a discussion of those policies should be held for another time. But what is important to know before election day 2012 is; How much more are you willing to pay in taxes from your present income? How much lower will you allow your personal standard of living to decline because the economy is not going to make up the ground you surrender in additional taxes.
Moderate, we are told time and again it’s you in the political center who decide elections.
So it’s you who got us where we are now! It’s you who elect the people who make the choices.
Guess you better sit down at the kitchen table, get a cup of coffee, a pencil and some paper and see what you can do to your own budget so as to free up the money you think you can increase in your payment of taxes!
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The views expressed
in this article are those of Mark Vogl only and
do not represent the views of Nolan Chart, LLC or its affiliates.
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Posted By: EJ Moosa
Date: November 3, 2011 09:31:45 PM
If the taxes we were paying were to make America the best country possible to live and do business going forward, many of us would pay a whole lot more.
The problem has been that we have been asked to pay more while the nation loses ground relative to the rest of the world.
