I wanted to remind my future self of what is going on today in regards to debt talks, etc..., in Washington these days. The democrats are shouting from the mountain-top that we must reach a "compromise" in meeting the countries fiscal obligations. They want us to raise taxes and cut spending.
We have been spending wildly for some time now (as a nation), and have accrued debt surpassing 14 trillion, about to be raised to 16 or so trillion dollars. We constantly spend more than we raise in tax revenue...regardless of what that tax revenue is.
Are we to believe that taking more money from the taxpayers (either rich or poor) will somehow fix the spending problem that exists today?
So many people today are unable to see what is really going on. Much of the media is a willing participant, being spoon-fed by our elected leaders, claiming that the smoke and mirrors that we all see is in fact, fact. Even the most conservative Americans may approve tax-hikes some day, when our leaders show us that they have some idea on how to spend it with wisdom and prudence.
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