Friday, June 3, 2011

BloggeRhythms 6/3/2011

There are certainly lots of things that I don't understand, but some are far more confusing than others. For instance, there's this debt ceiling thing.

Right now, the nation owes more than $14 trillion dollars in debt, and is having serious trouble in paying it back. The two major reasons are a very high unemployment rate and the worst housing market in history, compounded by increasingly costly fuel. And, without doing much research at all, its easy to determine that these problems, and more, are directly the fault of the current administration and its policies.

As far as that's concerned, lot's of administrations have done horrible jobs, and it's not the end of the world, but what's confusing me is how this one wants to fix it. Because, according to the president, what's needed right now are more borrowings and increased taxes on those earners on the top rungs. And that's where I get confused.

Whereas the financial woes are the result of misguided fiscal policies at the top, and banks and other major lenders are fearful of putting their dollars at risk under present conditions, as are businesses which are afraid to hire until they see real governmental stability, why should taxpayers at any level foot the bill?

Beyond that, why should citizens have to watch their home values decrease, pay increasing costs for fuel and food and then have their stability further weakened because of their country's steadily increasing debt?

None of this makes any sense to me.

I know that if the country had to run like a business, it would have been taken over by its creditors a couple of years ago. There's no business on the planet that could borrow a dime in commercial markets on the financial performance demonstrated by this administration. And the nay saying lenders certainly would have been right in saying no, because the fiscal results keep getting worse.

But, I guess it would be much easier for commercial enterprises if they could operate like government does. Because then, after each miserable month or quarter, they could just inform their stockholders of their horrendous performance and demand that the investors send them another check. Yeah, right.

That's it for today folks.

Adios

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