Friday, December 17, 2010

Tax Dollar Paradise

The United States is the best country to live in.
Because the Government is absolutely insane.
Due to overspending the United States has a national debt now of 1.300 billion Dollars.
The US politicians have been spending like lunatics over the last years.
And liberating the financial markets in such a way that now the whole world is in an economic crises and suffering.

What is the solution to this serious problem?
In Greece and Ireland the same situation has occurred.
Their Governments have also been spending more money than was coming in.
Financing it by borrowing until the debt became too big and bankruptcy of the whole country was threatening.
The solution to this dramatic problem has been found in other European countries helping Ireland and Greece out by re-financing their debts.
But with the conditions that Ireland and Greece take strict and severe austerity measures.
Stop spending like idiots and raise taxes.

The USA takes another direction to solve their huge economic problems.
Instead of settling more favorably the debts, start charging higher taxes and limit spending seriously, the United States starts spending an extra 858 billion Dollars.
This was approved by the Senate yesterday.
Americans will pay lower taxes and this also for the rich, the very rich and the ultra rich.
In fact, the US Government starts subsidizing their citizens to the amount of 858 billion Dollars.
Inflating the national debt with 66 %.
The idea behind it is that when the US citizens have more money to spend the economy will start rolling coasting again.
There are two problems with this expectation that is an illusion.
The current economic crises has made most people afraid and scared.
They have learned the hard way it is better not to buy and spend like crazy customers but to save for a rainy day.
When the tax reduction results in more money in the pocket, most may go to savings account doing nothing for the economy.
The other problem, and a much more fundamental and serious one, is that the politicians envisage a future where we will be back like it was in 80’s and 90’s.
People making good money and spending like there was no end to it.
The consumer society in optima forma.
Capitalism and materialism and selfishness and unawareness about what is the cost to nature and the environment.
For the short term the USA may be economically the best country to live.
But it is heading for financial catastrophe.




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2 comments:

Anonymous said...

I think that you have the numbers wrong, check this out...
http://www.usdebtclock.org/

luvglass said...

Insane country, eh??