Raising taxes will only increase government and squash economic growth in the long term making the US less and less competitive in the world. Cutting taxes without the ability to pay for them, really pay for them, will increase an already huge deficit.
What to do, what to do? :-5
We are in the proverbial pickle you see, we have borrowed from our future, we have set up programs we cannot afford, we are spending money we don’t have and we are burying our heads in the sand (I am being kind).
McCain is going to save money to divert to tax breaks by cutting federal spending [laugh extremely loudly right here]. That has never happened where the cuts stayed in place. What would your friendly politician use to buy your votes if he or she didn’t have something to spend that you want?
Hillary is going to expand heath care by cutting administrative waste from Medicare…you mean there is waste that has not already been cut for some other spending scheme?
Americans are over taxed and America overspends, not unlike a sub prime mortgage with an adjustable interest rate. In this case the rest of the world is the bank. Government assumptions and spending projections are historically inaccurate and during political campaigns the numbers thrown about are based on day care math, yet people still vote based in part on this bakery in the sky forecasting.
Just as Barack is not going to change the way government and Congress works, John McCain is not going to change the way government and Congress spends, especially with a Congress using high interest credit cards with abandon.
Hey, I am all for lower taxes and certainly opposed to higher taxes, but let’s get real and deal with the problems we are facing, let’s tell Americans the truth. Let’s do the math. I was going to suggest letting Wall Street wizards help with the finances and risks, but on second thought.
quinnscommentary.com
