The Super Committee Considers New Government Revenues
The super committee is considering raising government revenues to help reduce the national debt and everyone is concerned or complaining about new taxes. People cry 'No taxation without representation.' We, the people, are being represented by both major political parties in an effort to satisfy our most serious concern: the financial future of our nation. We have a choice: bear the burden or risk national financial ruin.
At this point, the oath taken by Congress members when they were sworn in is most important. That oath is to uphold and defend the US Constitution. Deficit reduction by popular demand will never happen. Everyone unwittingly contributed to this crisis. Everyone must share the burden of reducing the national debt. Higher taxes or lower taxes for the rich will not have any effect on our economy until the rich use those funds to create jobs and not just to line their own pockets.
The fact is that the federal government is starved of funds via both old tax cuts that failed to prevent the current recession and by government spending. There is absolutely no doubt that all the tax cuts in the past half century have been a miserable failure during the current recession. To the contrary, those tax cuts have forced the Federal government into this debt crisis via lack of government revenues for wars and other purposes.
Revenue increases are needed to alleviate the severe shortage of government revenues that accumulated over the last half century. This shortage of government revenues surfaces during the time when our government has the most need for those revenues; during a recession.
Both the liberal and the conservative methods of stimulating the economy is big government interfering in business operations. If Republicans truly want less big government, Republicans should advocate outlawing ALL political contributions and FORCE the politicians to finance their campaigns with loans or their own wealth. That would eliminate the influence of corporations on big government. It would greatly reduce the effectiveness of lobbyist. It would shrink big government because politicians would no longer have to kiss the butts of corporations and large organizations. Instead politicians would have to place much more weight on the views of the voters. Some claim that corporations are people. Corporations are not people. Corporations are businesses that are formed and operated by people.
Both the Republican form of big government and the Democratic form of big government are responsible for this recession. Republicans need to stop screwing the poor and Democrats need to stop screwing the rich!
Voters must learn that the US cannot start any new wars without raising new revenues to pay for those wars. The US cannot create new tax cuts without paying for those tax cuts. The US cannot spend more without financing what the US spends. The only remedy is new government revenues.
Paying taxes is our patriotic duty. I love tax cuts just as much as anyone else. But we must face reality.
Published by John Mario
As a child, I wrote short stories and read them to my friends. I studied interior house wiring in a vocational high school. I majored in electrical engineering in college. I worked for 8 years as an electon... View profile
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3 Comments
Post a CommentInteresting article, John. Financing their own campaigns should be just the tip of the iceburg. They should also finance their own travel when family accompanies them on trips, their own stamps, their own healthcare insurance....and the list goes on :-) I like how you can stimulate political conversations!
So many projects get stalled in committees. I hope, for the sake of all of us, this committee gets it right.
I agree everyone should chip in and pay their fair share. Problem is have the rich ever paid theirs?