Are taxes the ticket?

April 18, 2011

It’s Tax Day 2011! And while it isn’t the most pleasant thing to think about, it doesn’t sting as bad as when you consider we’re $14 trillion in debt and face a $1.6 trillion deficit. So what got us into this mess? We’ve had an unfortunate habit of spending far more than we can afford – and have been doing it for years. The logical solution is to..well…stop doing that. But some have suggested we should tax our way out of the hole. Beyond the question of whether we should, there’s a more important question: can we?

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5 Responses to Are taxes the ticket?

  1. Evie Barbero says:

    Stop spending. Stop giving illegals health care I can’t even afford. Stop paying people in Washington and that includes past and future presidents for anything, since they got us into this mess and didn’t earn the $$’s to begin with. Stop paying SSI to people who maybe paid in one year of their life. Close down alot of the government agencies that do nothing but cost money. Let a business man walk into Washington and clean house and start putting them in jail, where they belong.

  2. When you count the unfunded liabilities of social security and medicare, its impossible to tax our way out of the hole, those policies need to be changed.

    We need to start talking differently about the size of the debt and unfunded liabilities so it sinks into the general public to whom numbers in the $trillions are too abstract.

    Federal government will need >$1 million per household to pay its IOUs!

    > $116 trillion =”official” debt plus money  short for future social security, medicare, etc

    Even its “official debt” of $14.2 trillion  is $123,754 per household!

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  3. Ken Higgins says:

    The problem is that our congresspeople are in the hands of the corporate interests who financed their campaigns. The Supreme Court decision of Jan 2010 now gives the right of corporations to “speak” with their money. It is next to impossible for a person to be elected on the basis of doing the “right thing”. The astronomical cost of running a campaign prohibits “regular” citizens to obtain public office without making “promises” to the financiers.

    Solving the national debt problem first requires the “will to do it”. In a democracy, people only react when there is a crisis. As long as the special interests have Congress in a headlock, nothing will change.

    One of the first things that should be done in Health Care is to force the Insurance Companies back to being “mutuals” instead of profit making entities.

    Second, we should really crack down on fraud in all aspects of government operations. Every government operation should be audited by serious committed people who are determined to route out the rampant fraud that has been tolerated for years.

    Third, take away subsidies to oil companies and others who are responsible for the energy crisis. I also include the auto companies. The idea that we bailed out GM only to have them still manufacture autos that are less than 50 miles per gallon is egregious!

    There is more … but time and space are too short!

  4. Don says:

    A country that borrows 550+ million to bomb a country it’s not at war with is destined to fail.

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