It is very clear to me that the long term costs of our growing national debt is far more damaging than the short-term cost of our economic sluggishness. But our government has approved another federal stimulus package that will force us to add $838 billion to our $14 trillion debt. Neither the Democrats nor the Republicans made any attempt to cut spending to help pay for it. Instead, they tacked on pet projects and “gifts” for lobbyist such as a tax break for the Rum distilleries. The tax cut deal made by President Obama and the Republican congressional leaders was blatantly irresponsible. If they had trimmed $56 billion from the vast federal budget to pay for extended jobless benefits, that would have made sense. And, if they had made some other spending cuts to pay for continuing the Bush era tax cuts that would have been good. But no, the same people who were voicing concern about the red ink just weeks ago went ahead and, with a shocking and shameful disregard for the reality of our economic situation, spent money we do not have.
Obama calls it a tax cut deal but in reality it was an agreement to not increase taxes by continuing the cuts already put in place by Bush. In itself, that was a good move but they forgot to balance their budget and cut spending. What the government gives, it must ultimately take away from its citizens. A day of reckoning is coming. Our citizens are going to have to pay for what these politicians are giving away. We need to stop them before our country goes bankrupt!
MERRY CHRISTMAS TO EVERYONE EXCEPT THE POLITICIANS. TO THEM I SAY, “BAH HUMBUG!!!! GIVE THEM A LUMP OF COAL."
