Fiscal Cliff and Spending Cuts
Matthew K.
What does it mean, fiscal cliff?
It sounds pretty scary, like the end of the world or something. But, in reality, it is nothing so drastic or scary. The term is just a marketing term to fool you into thinking emergency measures are needed. So what’s the worst that will happen when we reach the cliff. Nothing. Got that? Nothing.
But, if we all get scared by the hype and think that drastic cuts are necessary, then, yes indeed, bad things will happen, and the effects will be felt for years to come.
Don’t get me wrong, we can’t just sit on our hands. We have to address the mess this country is in and this is the time to do it.
So, what spending cuts should we do?
To start with, no country has ever, EVER cut its way to prosperity. You might want to ponder that for a moment.
So if the solution isn’t to cut, then what do we do?
We do the same thing we did before when we were in debt to the tune of 125% of GDP, which is much worse than we are today. What we did then was we created jobs programs, we invested in infrastructure, we created the GI Bill that sent people to college for free.
That’s what we need to do this time. We need to do what has been proven to work.
But we still need to look at trimming our budget as well. We need to trim the things that aren’t investments in our country and our economy. We need to stop giving money and tax breaks to the rich and the multinational corporations.
This brings us to the real question. What is spending and what is an investment?
You already know the answer to that. If you go out and treat yourself to a nice hundred-dollar steak dinner, that’s spending that is gone the moment you pay for it. But, an investment, like money in the bank, is there for all time, bringing in more money every day.
Spending for a country is the same. If it’s not bringing in a return on investment, it’s spending. The biggest spending we do as a country is spend on our military. We spend more than the rest of the world combined.
And what sort of return do we get on all those bombs dropped? All those missiles fired? Nothing. We are spending, like a short term steak dinner, on almost every dollar we spend on the military.
Money spent on free education is an investment that returns money to our coffers for the entire lifetime of the student. How about social programs like social security? It has been shown that every dollar invested in the people of a country through social programs like Social Security and Medicare are returned at a rate of $1.27 for every dollar invested. That, my friends, is what’s called an investment.
We need to face this fiscal cliff as an opportunity to stop the big dinner spending spree of the military and move that money into investing in our people and in our roads and bridges and our future as a country.




Yeah Nevada, Way To Go
Friday, November 16th, 2012Yeah Nevada, Way To Go
by
David Schlecht
Congratulations Nevada, you just might have a chance of pulling yourselves out of the quagmire you find yourselves in. You voted against the Austerity presidential candidate.
Rather than dragging America down to your level, you’ve elected to put the country on a different path than yours.
Now, if you can just make those same decisions on your local elections and get the failed policies out of office.
This is not a political issue, this is an economic issue. You didn’t get were you are by following the mistaken policies of just one party.
But, it looks like Nevada is waking up.
We need to stop letting the elites, the leeches, ride free on our backs. It’s time the rich started paying their fair share. Did you know Microsoft is incorporated in Nevada rather than Washington so they don’t have to pay taxes? So who pays for the infrastructure that they use? You and I do, and the people of Washington. Does Microsoft? No.
This, Nevada, is the reason our state is in such sad shape. The rich get a free ride and the expenses fall on the backs of the true small businesses and on the rest of us tax payers.
We give tax breaks to the mines and other multinational corporations and expect the Nevada taxpayer to pick up the tab.
No more!
It’s time we started expecting the billionaires to pay for the 90% of our state’s expenses that they incur. It’s time their taxes paid for the roads their employees travel, and the roads their trucks use to deliver goods and provide them a profit. It’s time they paid for the court systems and all the other infrastructure they are using and expecting us to cover.
Yeah Nevada, it looks like you’re starting to wake up.
Tags: capitalism, class warfare, corruption, taxes, wealth
Posted in Politics | 1 Comment »