The government is stupid. There I said it. Our economy is in the dumper. Our Public servants are trying everything under the sun to correct this crisis except for the one thing that will guarantee results.
Cut everyone's income taxes and I do not mean cuts that save a couple hundred bucks, I mean serious cuts over many years so americans can keep most if not all of the money they worked so hard for. This will generate a boom for our economy. Some will put more into savings, some will use to catch up on bills, more people going out and purchasing luxury items etc. This will in turn create jobs due to the influx of everyone having more disposable income aka problem solved.
But those will say, how we will fund roads and the military etc? I assure you that none of the money you pay into the income tax system goes for those needs, It goes to paying off the interest/debt which is generated by the Federal Reserve. But that subject is for another day so we will continue on.
The great banker bailout, you know the one in which certain companies were given trillions of taxpayers dollars to keep them afloat. I completely disagreed with the above said action, those companies should have failed and they would have wholeheartedly deserved it. No one is there to bail me out when I mismanage my personal finances. My question is why didn't the government give the american people their tax money back instead of bailing out these poorly ran companies? I honestly believe that would have corrected the economy for sure.(Refer back to the results listed in the second paragraph)So what is the problem Mr. public servant?
So maybe I should take back my comment about stupid government officials. In fact, I think they are quite smart and have a roadmap that is becoming more apparent everyday. The powers that be who are involved are not trying to save our economy but are trying to destroy it.
-Blogging4Bullion
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