Good Morning.
Everyone should have a budget. At it's simplest and most basic...you spend less than you earn, and save a little for a rainy day. Why is this such a hard concept for governments to master?
We surely don't need to talk about the Fed; every Tuesday I post a link to the biggest sucking sound in the entire Federal budget, the ongoing
cost of war.But it's all the liberal's fault, right? After all, we're the party of tax and spend, and now President Obama's healthcare plan is going to push us into the deficit stratosphere, right?
If you haven't seen the remarkable chart posted in yesterday's blog, I'll give you a minute to go look it up now.
So now...City, State, and Federal programs are facing cuts just to keep the economy from falling apart as we try to figure a way out of this mess. The Bush economic policies just keep on ripping money out of the hands of 97% of the population in order to support the remaining 3%....the ones that don't need it at all.
It's part of our national wherewithall; during WWII, taxes on the richest segment of the population approached 90% of their income....but 70 years ago we decided as a nation that it was important to defeat global fascism. Now I guess it's important to us as a nation to make the rich richer, and to sellout everyone else so an elite subset of Americans can maintain their hold on power.
There are more and more stories in the news everyday about what this is doing to ordinary people, and indeed those who depend on the system and the assistance that all those social programs do.
Here is one of those stories.
Continue reading...
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