Business as Usual?
Is there no end to the"Leviathan's" appetite? Is there no filling the cavernous belly of this vile beast?
With the president's plan to address the coming collapse of the Social Security System has come the best opportunity in years to finally put the government on a crash diet. Having no more money available in the FICA fund to "misappropriate"for the purpose of funding their "pet" projects, they will either have to cut spending,or raise taxes. It would seem that they have already seen the handwriting on the wall, and have made their decision as to what they are planning to do; business as usual!
Federal Reserve Chairman Alan Greenspan said last week for the first time explicitly, that he expects tax increases to be part of any future agreement to reduce the federal budget deficit. Greenspan,appearing before the Senate Budget Committee, also acknowledged that his support for tax cuts in early 2001 unintentionally led to policies that helped swing the federal budget from a surplus to a deficit.
The deficit hit a record $412 billion last year,and is projected to expand dramatically as the huge baby boom generation starts retiring and collecting Social Security in the near future. "The federal budget deficit is on an unsustainable path, in which large deficits result in rising interest rates, and ever growing interest payments that augment deficits in future years", Greenspan said in his prepared testimony last week.
It looks like the future is now for all of you tax-payers to say "hell no we won't go" to the government's plan to once again put their greedy little paws in your pockets to keep on with "business as usual". If we don't "head them off at the pass" this time,there will be the devil to pay for all posterity.
The Revolution will not be televised.
With the president's plan to address the coming collapse of the Social Security System has come the best opportunity in years to finally put the government on a crash diet. Having no more money available in the FICA fund to "misappropriate"for the purpose of funding their "pet" projects, they will either have to cut spending,or raise taxes. It would seem that they have already seen the handwriting on the wall, and have made their decision as to what they are planning to do; business as usual!
Federal Reserve Chairman Alan Greenspan said last week for the first time explicitly, that he expects tax increases to be part of any future agreement to reduce the federal budget deficit. Greenspan,appearing before the Senate Budget Committee, also acknowledged that his support for tax cuts in early 2001 unintentionally led to policies that helped swing the federal budget from a surplus to a deficit.
The deficit hit a record $412 billion last year,and is projected to expand dramatically as the huge baby boom generation starts retiring and collecting Social Security in the near future. "The federal budget deficit is on an unsustainable path, in which large deficits result in rising interest rates, and ever growing interest payments that augment deficits in future years", Greenspan said in his prepared testimony last week.
It looks like the future is now for all of you tax-payers to say "hell no we won't go" to the government's plan to once again put their greedy little paws in your pockets to keep on with "business as usual". If we don't "head them off at the pass" this time,there will be the devil to pay for all posterity.
The Revolution will not be televised.
2 Comments:
At 11:04 PM , RightWingRocker said...
his support for tax cuts in early 2001 unintentionally led to policies that helped swing the federal budget from a surplus to a deficit.
Greenspan is wrong about this one. Tax cuts don't lead to deficits, OVERSPENDING does. Cut out the unconstitutional spanding and watch the deficit shrink to nil.
RWR
At 6:43 AM , theoldsage said...
Greenspan is wrong about most things, but he works for his master,and serves him well.
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