posted on Feb, 10 2013 @ 09:56 AM
Any of us should know that if your in financial difficulty, it's very likely you are spending more than you are making. Our government has been doing
this much since Post-WWII. Taxes are a necessary evil whether we like them or not. But raising taxes will do no good, or may even compound the
problem, giving the government the incentive to even further spend beyond their means. Government, if self regulated, will never live within their
means. They will always spend beyond the capacity to pay their debt. This fiasco has come home and now there's the Piper to pay.
Taxing EVERYONE would be the answer. A flat tax with the same percentage for everyone, no exclusions. And yea, it would take some belt tightening and
doing without a lot of luxuries. Even the poorest occasionally splurge on some sort of luxury item or consumption.
Were we to focus solely on paying our debt, and in fact reducing it back to the black, we would have to sacrifice much. It would hurt, it would be
very lean and hungry times for a large portion of society.
The point we find ourselves in can only be escaped in a couple ways. One would be default, essentially going bankrupt. Another the devaluation of the
dollar. A devaluation would lead to an isolationism of sorts...
....but the cure might Kill the patient....
We are just a decade and a half behind the once USSR and their collapse, now just a much smaller Russia.
They seem all the better for it at this point. but there was a decade of rebuilding ahead of them from the collapses onset. That time is passed and
their monetary situation has underwent a complete transformation.
As for the "I thought Obama wouldn't tax the poor or the middle class?" as the topic says...... it's one of a long list of lies and failures to
come through with his campaign promises. Politicians rarely make good on their promises. But I believe in this case 0bama has put the 'expertise'
into the art of Campaign promise failure.