I have tried not to be overly political lately but I can't stop myself. I do not like the idea of paying higher taxes any more than the next guy. It does not feel good with a smaller paycheck. I do like having Government programs that help the poor, the old, and the young. I like having national defense. I like roads (those that know me know I can not say and bridges).
I think NASA and OSHA and all the other accronymes are for the most part helpful. To pay for all this and more we have to pay taxes. The last 10 years tax policy has not worked. Trickle down, supply side, voodoo economics by what ever name you want to use does not work. It did not work for Bush. It did not work for Reagan. It did not for Thatcher government in England. The issue with it is the falacy that the wealthy will create jobs if they have enough money to do so.
The only time jobs are create in the private sector is when there is enough demand for the goods or services that job will produce. So lowering taxes on the rich just makes them richer. The second issue that has been bothering me is the belief that uncertainty is why business have not been creating jobs how does a temporary extension of the tax cuts help with that. It just gives business another 2 years to not hire people while bringing in record profits. So let the tax cuts expire. Put a cap on spending. Find places to cut the budget and try to balance it. This will help the economy as much as extending the bad tax cuts would. Find a replacement for oil so the trade deficit and national debt both can go down. A stable economy will come back.
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