This disagreement over the budget that's been getting major coverage in the news is something I've naturally seen every day for months now, like everyone else. We're inundated with up to the moment stories everywhere we look. Then today, skimming an item on Fox News, I saw the following paragraph which gave me a slightly different perspective of the situation.
According to Fox "The Senate returned to Congress Tuesday after canceling its week-long July 4 recess to work on a deal to raise the debt limit, but so far on the schedule is a nonbinding resolution by Democrats expressing a sense of the Senate that households earning $1 million or more need to make "a more meaningful contribution to the deficit reduction effort."
Now, there's really nothing different mentioned about their position, but the way the paragraph's worded seems to me the best definition of the Democrats position I've seen to date. Because, for me at least, it puts the Democrat's demand in perspective.
As I read the paragraph, it actually says; the Democrat congress and administration have totally mismanaged the country's economy and run up trillions in debt due to failed ideas and legislation such as major bailouts, ill-conceived health care reform and business policies causing continually high levels of unemployment. So, in view of the fact that the government's lost so much taxpayer money, the only one's who have anything left have to give it to us to help cover our gross mistakes.
And what's really interesting about the Dem's wanting more from top producers is that they're trying to do it through legislation which is diametrically opposite to how money's earned. Because it's like a penalty for success. It's as if those who've done well are the bad guys, and since they've had the gall to succeed, now they must pay some of it back, despite the fact that it's already been taxed.
On the other hand, however, think about what would happen if those unsuccessful in business acted like the government. For example, what would happen if a large public corporation lost money hand over fist and went to their stockholders and said, "We've had a terrible couple of years and we and our employees have not only lost all our equity, we're head over heels in debt and see no way to ever recoup. So, we've enclosed a bill we expect you to pay immediately to help cover our ineptitude, or else we'll be forced to send our attorneys out to collect."
Well, we all know that's not how the real world works, and mismanaged businesses don't last very long because they've proven they have no worth to anyone, be they stockholders or customers. So, let's all hope that for once businesses teach the rest of the public a lesson they won't forget and simply let those in office figure out what to do without another cent of help.
That's it for today folks.
Adios
No comments:
Post a Comment