Wednesday, October 13, 2010

Confused?....Join the Ranks

In my personal sojourn in the business world, I have had to have money...or assets, in order to function in a profitable manner. Start up requires cash as equity or as debt...business maintenance requires sales or income of some description...or debt. But, there comes a time when your supportive investors, or lenders "throw in the towel." You as an entrepreneur, no matter how much you want your idea to grow into something viable, cannot function on hope alone. The concept must be profitable at some point in time. My cause for confusion is that these business principles have not been followed by our government for many years, hence the National debt. None, I repeat none of the government projects have ever been profitable, nor were they designed to be. It would be at least noteworthy if they just broke even. What I would enjoy learning is where does the rampant spending stop...and it will one day, because the income comes from us. The mule will only pull a limited load...he will quit. He will pull no more, until you lighten the load.
The American tax payer doesn't mind paying taxes that he or she can afford and can see some results. According to CBS News, the Obama administration has increased the National debt by 2 trillion in less than two years.
What has this excessive expenditure given to us who bear the burden? Better highways? Tighter border control? More food for the hungry? More jobs?? Comfort, security...hope? There is some evidence, but not conclusive on any count...the money is disappearing faster than cockroaches at the hint of first light...with no significant advantages...we are losing our beloved space program....trimming military installations during a dangerous time in our sovereignty.
The Bush tax cuts are soon to be repealed, possibly. A family making $60,000 per year, is already paying about 15 percent...or about $9,000 per year, before deductions. If the Bush tax cuts are rescinded, just add about $1,500 to the bill. That's a good chunk of cash. Why not let us spend that money and do something good with it. Buy something that will promote the capitalst system that has made this country what it is, or supposed to be today. Let us perpetuate the market. Let us spend our money as we see fit...we don't see anything good happening with the current spending procedures...
Here's a novel idea....why don't we just exercise our right to vote and clean out the House and Senate....get some fresh ideas from people who have been bearing the burden of excessive taxation without any benefit to our society....
Try it...you may just like the outcome...God Bless America...we need all the help we can get.

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