They say it’s your fault! They say you aren’t paying enough! They say that Government spending is the solution to every problem!
As a resident of Lexington Kentucky I look around for the state of the economy. Major restaurants and businesses have failed, strip malls are mostly vacant, housing prices are way down and there are very few job listings in the newspaper.
Government isn’t the solution to our economic problems… it is the problem!
GE is closing it’s Lexington consumer & industrial glass plant, which has been manufacturing light bulbs since 1946.
New federal legislation calls for a switch to mercury laden compact fluorescent light bulbs, but the vast majority of CFL’s are made in China, translating to lost jobs in the U.S. in general, but Lexington, KY. in particular.
The EPA wouldn’t allow a U.S. company to manufacture CFL bulbs here or if they did it would cost so much that they couldn’t be competitive with the Chinese products.
President Obama says we need ‘Shared Sacrifice!’ What the heck is that? They spend too much and we are forced to pay more? They blame us for overspending?
Definition: The balanced approach to overcoming our financial problems… they spend You Pay… More!
No wait… according to the latest IRS (2006) figures, the top 1% of taxpayers, and that’s defined by people who earn over $388,000, paid 40% of all income taxes, the highest share in 40 years.
The top 10% in income, that’s income above $108,904, paid 71% of all income taxes!
So the very richest (top 10%) of Americans should start paying their fair share? They already are paying 71%, what’s fair about that?
The last economic crisis was manufactured by the government and their willing accomplices in the press back in 2008. Remember that one? The government decided to spend a Trillion Dollars! Save the economy, Save the banking industry, Save the American Automobile business, Save the housing market, save save save!
Crisis Crisis Crisis!
It all started with the president’s advisor Rahm Emanuel saying: ‘You never want a serious crisis to go to waste. And what I mean by that, it’s an opportunity to do things you think you could not do before.’
Do you see a pattern emerging here?
Whenever government wants to do something they think the majority of Americans will oppose, they create a crisis and when the major news outlets are willing to stoke the flames of their crisis, it becomes pretty simple.
What about the current debt ceiling crisis?
In 2006, then Senator Obama said this before he voted against the debt ceiling increase:
‘The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.’
Kentuckians wake up! We don’t have a debt problem, we have a spending problem.
In your own life, would you ever encourage your children to solve their financial problems by getting another credit card? No! As a responsible parent you would tell them to cut up their credit cards, cut back on luxuries, get another job and stop spending more than they make!
The same logic should apply to government. It’s not rocket science and it wouldn’t be difficult, they just need to cut up the credit card and cut back on their spending.
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