Sunday, January 27, 2013
Pay More Get Less
Here is the concept. Since the US has a 16+ trillion dollar debt and it would take 80+ years to pay it off running a record surplus of 200 million dollars each of those 80+ years, I propose the following.
Everyone must pay more to the government in taxes. I mean everyone with income and on all income. This would include but not be limited to wages, tips, capital gains, education benefits, and even unemployment and welfare payments. Also, every will get less. This would include but not be limited to national defense, subsidies, roads/bridges, and of course, all entitlements.
It is that simple. You can’t cut your way out of this. You can’t tax your way out of this. We are going to, at some point, realize that we are going to have to pay more and expect less from it. If we do it now, we could spend the next 100 years on a disciplined fiscal diet and come out on the other end debt free. If we continue the gridlock of debate, name calling, and blaming the other side, then we will crash and crash hard.
These are the simple truths. But don’t let me interrupt your sports contests and your internet games. Continue to watch grown men act like children in the name of entertainment. Please continue to split fruit or watch virtual angry birds or whatever the latest fad.
Insanity - doing the same thing over and over and expecting different results.
Obama, Reed, Pelosi, Boehner, McConnell, Cantor; what do we expect will happen? They will raise taxes a bit, increase spending a lot and do nothing to pay down the debt. It is up to us. #PayMoreGetLess