How to balance the budget
This post will be very short as the answer to this problem is also very short. It is striking our law makers can not figure this out. It should not be surprising as their friends on wall street and in the corporate world have not figured it out either.
In order to balance a budget of any kind, national, household, or otherwise a couple things need to be taken into consideration.
You can not spend more than you make.
This is not rocket science, and as someone who made poor choices with credit cards at the age of 18 I can tell you its not even complex. You can not spend money you don’t have.
Our current government is 14 trillion dollars in debt. To give an example of how much money that is lets use an analogy. How long does it take for a million seconds to go by? That’s a lot of seconds, but its really only 8 days worth of them. 8 Days for a million seconds to go by. Now how long does it take for a trillion seconds to go by? Think about this for a second and give your most liberal estimate. 32,000 years! 14 trillion dollars is a stinking lot of money. That same congressional budget office Obama and Pelosi were quoting also says that number will increase by 9 trillion more in this decade. Thats 23 trillion dollars by 2020 if we do nothing. Our country is spending millions of dollars an hour to pay back that debt. That clock is always ticking, and the interest is always growing. Even president Clinton’s former financial advisor says that is unsustainable by all standards. This is not even a debatable issue, it is a fact.
You only have two ways to balance the budget
You must increase the money you make, or decrease the money you spend. Once again I could teach this to a 5 year old with a couple five dollar bills. Soon he would be asking for next weeks allowance today.. sound like anyone we know?
To increase the money the government brings in it can do one of two things. It can increase taxes, or it can print more money. When the government prints more money everyone else has the value of their money decrease. Our government has doubled the money supply in the country in the last year. Welcome to money that is worth less and increased costs for everything. Food prices are a good example.
Taxes are the other way to increase the governments income. “lets tax the rich.. lets tax those greedy corporations”. Hmm.. There is no such thing as a greedy corporation there is only stock holders, employers, and customers. When you tax a company it will cost one of those three people and in most cases all three of them. Corporate taxes are a simple lie that the poor falls for every time.
Most people think they don’t pay taxes when they don’t pay into the income tax system. They are dead wrong. Of the 100+ taxes people pay, many of them are on the poor and middle class. Take the roads and bridges we drive on. No rich person paid for those, we paid for them in taxes on our gasoline and oil. We paid for them in taxes on our car registration, our vehicle purchase, etc.. Everyone pays taxes somewhere, and increasing government revenue through taxes decreases the power of the economy.
The government is incapable of creating wealth or growth. It also can not create a “fairness” for the lower class. Such laws and programs only help to keep the poor people poor while making the rich people richer. When you penalize a poor man for making more money, you are not empowering him to become rich. The recent push toward social justice should be renamed to a push toward classism and social inequality.
The government does not produce anything. They don’t make cars to drive, tables to eat on, or perform a service to pay for. The government is a consumer of money, not a producer of money. The government is incapable by its very nature of helping the economy by its involvement. Instead it helps the economy by getting out of the way.
So how do we balance this nasty budget we have.
Cut spending by cutting government jobs, programs, salaries, pensions, grants, loans, management, etc.. Get rid of wasteful government agencies like the department of homeland security, the IRS, the FDA, and the list goes on.
There is no magic solution to balancing the budget, its as simple as cuts. If a company doesn’t have money to spend they borrow money. BUT and this is a big but.. that company is capable of producing something unlike the government. it is immoral and unjust to think the government is borrowing money it does not have and refusing to live within its means.
If your sibling took out a $10,000 line of credit in your name and refused to pay the bill.. instead took out another card with a higher limit you would file suit against them in court. Why then do we allow a group of pigs to sit in washington and spend all of our hard earned money?
There is one more way for the government to make more money.. the people who pay them (MEANING US!) can get richer and more wealthy. Then we could afford to pay more money. So how do we all get rich to keep this government dope fiend flush with cash? They need to cut taxes. Every dollar the government does not consume and destroy with its own wasteful nature is a dollar the economy can use in spending, and thus growth. Cutting the capital gains tax will historically increase the revenue of the government. It is a time tested way for the feds to make more money. Obama wants to raise it!!!!!!!!! Once again.. it makes the government more money to cut it.. Obama wants to raise it??
Balance the budget by getting rid of wasteful government programs (most of them) and lowering taxes on the people who can spend money to help the economy grow.
If we did both of those things everyone would have more money.. You, me, the rich guy everyone hates to much, and the greedy feds with their stupid programs.
PS: government representative.. cutting out the pork means your salary to!
