Tuesday, February 2, 2010

Taxes and Spending

There are few things more political than government taxation and government spending. The great Pres O! has put forward the largest deficit in the history of the US building upon the already massive deficit from the prior year. With no $800 billion stimulus package, I am left to wonder what constitutes the increase in spending over last year. Sure the Dems pay lip service (as did the Repubs during the 2000's) about capping discretionary spending, but that is only a tiny portion of the budget.

Entitlement spending is the key, and it is untouchable. No one will try to reign in the political lunch wagon that is free money. Otherwise, you want old people to die or the poor to starve. Never mind that the elderly are the wealthiest people in the country or that if we really helped only the destitute, we would have plenty of funds to support mental health services for those who need it to turn their lives around and Medicaid would not be broke in every state.

All that said, my wife did not get a raise and she make well below the national average. Funny...our federal income tax went up by 20%. Another 20% coming from the productive and going to the non-productive side of society.

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