Taxes and Consequences
I can’t help but notice that the crap e-mail my grandfather was once sending out to everybody that served as propaganda for his political and religious views no longer hit my mailbox. Like the one that kept talking about Barrack HUSSEIN Obama being a Muslim. It’s ok though. Other people still post them places or send them to me accidentally.
I’ll talk about one in another post, but for right now I feel like discussing the one that I believe he has been sending around regarding taxes.
I hate taxes as much as the next person. They are a pain to consider. We are all selfish and don’t want to contribute anything to the government if we don’t have to. Then we also learn of all the wasted money that the government spends and it makes it even tougher for us to want to do our part. Or course, taxes are a source of revenue for the country.
The e-mail that I read compares the tax plans of the two candidates. Over several examples, the post shows that Obama will have higher taxes than McCain.
Then I read this news story. Record deficit predicted for 2009.
Driven by dwindling tax receipts caused by the economic downturn and the payment of more than $100bn (£50bn) in stimulus cheques to US consumers, the figure was higher than the Bush administration’s previous estimate of a $407bn gap for the 2009 fiscal year starting in October.
Then I go and look at the current debt at $9.5 trillion dollars.
Maybe I’m not getting this. Maybe nobody should ever pay any taxes and the government should spend and spend and spend.
But I actually think it’s a good thing to have a balanced budget. That we actually create some revenue. That maybe we shouldn’t spend so much money if we don’t need to and not pass along huge amounts of debt to our children and our grandchildren.
If I remember correctly, there was once a balanced budget. Way back in the ’90’s.
I think Obama is at least being reasonable and realistic. He’s suggesting that we cannot continue to spend without bringing in any revenue. He understands that we really should not be dependent on borrowing from other countries in order to run our government.
Popularity: 7% [?]



