Tag Archives: SUBSIDIES

How to fix the debt. From my angle.

24 Sep

All you hear about is how Congress is in a stalemate. It’s gotten real bad the last 3 years. From the right all they want to do is make huge cuts or get rid of programs with small tax rates. Even if you get rid of programs the past debt is still sitting there. No thanks to Grover Norquist and the Tea Party, the taxes are very hard to raise to bring in revenue. The left wants to do some cuts , but maybe not enough and they want to raise taxes. Raising taxes is picking on the wealthy and punishing success if you are a republican.

The spending from both parties is so out of hand. It just sickens me to think how much they spend and borrow, and all they can do is blame the other person. All the while we as a nation are so financially weak, we could be punked by other nations. By then it will be too late and having all of those cars in your big garages will not matter.

If your house hold gets deep in debt for what ever reason, you trim costs and try to find more revenue ( either ask for more hours or get a second job). This is what Congress needs to do. Here is where my idea comes in.

To please the tea party and all of the Grover’s in this would, leave the Bush tax rates as they are. To please both parties just cut 3% of the spending on all programs but social security and maybe just 2% on military. Do not cut  more or get rid of any programs. Heck even cut 5% on government subsidies. Stop paying other countries money all together. Most of them hate us in the first place.

Now this is where we get more revenue to pay down the debt. Use a regressive consumer tax rate. Have a 3% tax on all non perishable goods sold in the U.S.A. if that item is $1,000 or less. If it’s $1,000.01 up to $10,000 make it 2% and anything over $10,000 charge 1%. Now the whole world will help this great country pay down our debt. If someone in Europe comes over here to visit and buys anything other than food, they helped pay down the debt. If something is ordered on the internet and they live outside America, they helped pay down the debt. If someone here works for cash, they to will help pay down the debt. If someone is unemployed , they will help pay down the debt when they go buy a nice outfit for their interview. Illegal immigrants will help pay down the debt when they spend cash on clothes or cars.

Try this on a 3 year trial to see if it works. If it does keep it going and if not, it’s better than what we have now ( which is nothing but arguing). Plus using a consumer tax also keeps the income tax down that so many folks on the right complain about. It also puts the whole world in play to help our problem.

If you want something to work, you will find a way no matter what it takes. If you want it to fail, you will find every excuse in the book and do nothing but blame others.

Who depends on the Government?

22 Sep

I decided to write this blog while at work ( I am writing it at home off from work). It all stems from Mitt Romney saying the lower 47% depends on the federal government for help. Well from what I have found out from my studying this comment, I came to the conclusion that everyone depends on the federal government, even politicians when they retire ( free paychecks and free healthcare for life from our taxes).

I started looking at numbers and what not. Yes most of the money spent is on these ( welfare,Medicare,Medicaid,food stamps) grouped into one group health and human services) $893 billion for 2012. Have the economy pick up ( jobs with livable wages and this number will drop). Then there is Social Security $815 billion for 2012 ( most is paid for from our payroll taxes from when we worked). What’s hurting this program is the federal government dipping into this to pay for their general fund ( see even the politicians depend on the government’s money). Then there is extended unemployment benefits ( probably from the general fund), could not find any numbers on this one. The 6 month unemployment is paid for by unemployment insurance from previous employer, not YOUR PAYCHECK. Any unemployment that is more than 6 months does come from the government. Yes there are people who takes advantage of these programs because they are lazy. But most are people who want to do better, and most are retired folks who did the best they could with what they had, so stop condemning the 47%.

Now here is the rest of my story. Subsidies paid to industries is not as big of a number as I first thought, but they do have a number. That to me says that even big rich entities rely on the federal government for help. The agricultural industry is looking at $140 billion for 2012. The biggest receivers in 2011 were the states of Iowa, Illinois, and Texas in that order. Most farms are now ran by corporations, the family farmers are the minority. Then there is the energy sector, looking at $43 billion for 2012. Exxon Mobil made $41 billion in profits in 2011, why do they need government help? The transportation industry is looking at $90 billion for 2012. That includes the airline, train, and bus industries. Bailouts for the airlines and trains have been going on for decades. It also includes the maintenance of the roads, airports, and rail yards.

Now onto the banks of America. Subsidies for the banking industry started way back in 1913, I think this was before President Obama was President ( I may be wrong in the eyes of the tea party or GOP folks). Since 1913 the banks have gotten subsidies totaling $7.77 trillion folks, imagine that. And people get catty over food stamps and welfare? Since 2007 the big six banks; JP MORGAN, BANK OF AMERICA, CITIGROUP, WELLS FARGO, GOLDMAN SACHS, MORGAN STANLEY has received over $460 billion in subsidies. The banking industry accounts for 63% of the daily debt to the government for this and borrowing money that we do not even hear about. And people think grandma and grandpa on social security are the nations debt problem ? Really?  Subsidies are for 3 reasons. 1 to stop an industry from going under ( record profits in most industries), 2 for keeping the costs down ( costs of goods are higher now), 3 to stimulate the industries to hire( unemployment is at a 50 yr high).

Now the military spending. I am all for the military, we need to keep AMERICA safe not the world. I was also in the Air Force as well. For 2012 thee government will spend $766 billion. Now this can be cut down by getting out of most of the countries in the world,and stop giving money to countries that want to destroy our way of life. Send our troops home and protect AMERICA.

Remember that the Congress sets the budget and decides what’s spent, not the President. Remember the government revenue is at a 60 year low, and experts say it’s because of the low tax rates set up by President Bush and extended by President Obama.

ALSO when MITT ROMNEY was head of the 2002 OLYMPICS and he is praised for fixing it, he GOT $1.5 BILLION from the federal government.

So who is DEPENDANT on the FEDERAL GOVERNMENT? My answer is everyone that lives in AMERICA.

Hope you start to see the hypocrisy in the fact that people condemn one side of AMERICA and stick up for the other side.

%d bloggers like this: