I found this item this morning on line: “House Speaker John Boehner has proposed raising tax rates on people making more than $1 million, a source familiar with the talks told Fox News, in a development that could signal at least some movement toward a deal with President Obama.
According to the source, the latest offer is not being rejected, but there are still issues remaining and there is a serious effort to work out the difference.”
I then found a website via Google, The Obama Debt, which claims that the national debt increased a bit over $5.74 trillion under the incumbent in his first three and a half years in office. That suggests the amount would soar to $13 trillion, or so, after a total of eight years if his policies continue without change and serious steps toward debt reduction.
The same site shows that in all eight years under “W” Bush, debt grew slightly more than $4.89 trillion, a bit more than a third of the current amount in total.
Now, I know there are arguments all over the map as to who’s responsible for the miserable state of the economy, and fingers get pointed 24/7/365 regarding where, how and when debt reductions ought to be instituted and in what form, if any at all. However, my point for today is to simply consider the amount of debt itself, how unbelievably horrendous it is, and what it implies.
As a starting point, no matter how you look at the debt situation or whom you blame in government as its cause, a totally inept, unconscionably deplorable job was done by all. And if the same kind of performance were to occur in the real world, those responsible would be out of business in a heartbeat, likely in lawsuits up to their ears, or depending on circumstances …even in jail.
But no matter the reasons for private sector managerial incapability's, there’d be no chance of a bailout from taxpayer's in any way shape or form whereas in a free market everyone hauls their own load.
And that’s the part that galls me. Because although I don’t clear more than a million per annum, I‘ve spent my business life taking responsibility for my performance, reaping rewards for positive achievement and taking the hits for all the mistakes myself, regardless. And I believe with no equivocation whatsoever, that’s how it should be for everyone no matter their incomes, large or small.
But these worthless dregs in office do nothing more than shoot their mouths off, point fingers, and throw other folk’s money away in boatloads, yet do absolutely nothing to earn it whereas it comes from all of us that do.
So, as far as Mr. Boehner’s concerned, while he “proposes” taxing high earners in talks with the pompous, arrogant incumbent who’s never worked a day in his life, I’d like to “propose” that they pay for their own economic mistakes just like I do. And if they can’t cover the tab themselves, shut the hell up, get the hell out, and give their jobs to people who know what they’re doing for once, just like all us real people do.
That’s it for today folks.
Adios
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