@bud405n 182963 wrote:
At this time we are in such deep debt that we cannot conceive of paying it back. So – lets bail out more businesses, pay mortgages for individuals, cut some more taxes and pretend all is well.
I not sure how you meant this ,if I typed that line I would have meant it as I am strongly opposed to it. I think you meant it as you disagree with all of that and if so, I am with you 100%.
I think none of that should happen. The only problem for me is I think ( and I mean myself here, no on else) how can I say something is wrong if I cant say what is the right way to handle. I do believe in ones own accountability though.
I was being sarcastic. Yes, I am strongly opposed to it.
In all this election, no one is campaigning on fiscal responsibility. Everyone is campaigning on giving away more money. Money we have to borrow someplace so we can give it away. They just disagree on who gets it.
That’s because nobody wants to pay taxes. But everyone wants to have a military, and all the other things I mentioned above. Every state representative wants to carve out as much money as they can for their own state so they can get reelected. Thats what started all that hiding of bills inside other bills, like UIGEA came about. It happens every day and is usually about securing extra money for one state or another.
Fiscal responsibility is unpopular. No one likes it. Not wallstreet, not big business, not the banks, not the borrowers and least of all the government.
If you tell people they have to tighten their belts and work off their debts they won’t vote for you.
Most of Europe is debt free now, and they worked hard at it.
In the US, paying off your debts is like a dirty word anymore. No wonder the economy is going to hell in a handbasket.