Thoughts for the stimulus package headed towards the Senate.
Published on 2009-01-30 08:52:20, Last Modified on 2009-11-02 11:28:49 - Nathan Burkes
11:40a, Jeff Sessions, R-Alabama, has been discussing the stimulus package about to pass into the Senate for a vote. He has valid and very important points at how these bailouts and road map bills, are impacting our long term debt. Mainly, the interest our government pays on said debt, and as it grows, how much harder it gets to pay that debt off. If you've had any trouble with your credit card, or are on a sinking ship because you over extended yourself. Whether by ignorance or neglect, it's still the same circumstance. What happens when debt gets out of control? The interest payment far out paces any funds applied to the principal, eventually making it impossible to even pay the interest.
We hit hard times as did many countries (speaking of which, if we are incurring debt but this is a global problem, who is the money coming from? Think about it a little), but having our government fund the ability to maintain a higher lifestyle when the economy doesn't warrant it, is short sighted. We are simply taxing our children so we don't have to cut back.
Ironically, there is another site to this. The government only makes money by the moving of just that, money. When we stop spending, the revenue for the government declines as does the value of everything you own. Everything. You shop more for the things you buy, if you even buy them, forcing the seller to reduce the price, lower, and lower.
It's a catch 22 and there is a simple solution. Reduce the size and cost of government itself. Now isn't the time to throw money around, now is the time to reduce costs and that includes our government. Government should be managed just like a business and the clients are it's citizens. If you are a government employee, I'm sorry but I will say that you've enjoyed some of the best benefits available, short of the wall street mongers. Also not, as I watch senators stand and speak, I can't help to note that almost the entire Senate is empty. Why is not every senator from every state involved in this crisis? Where is everyone, out on their yachts sipping champagne paid for by our taxes?
We're going to have a much bigger problem in 5 years if we don't stop throwing money around and start cutting costs!
