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Showing posts with the label deficit

Spending and Collecting

I have been thinking about doing a somewhat (or overt) political ad for this election season. I had decided not to. This is not so much a political ad as it is an attempt at 'spainin' about the deficit and tax revenues in relation to the tax cuts that went into effect last year. First some numbers on what has happened to the economy due to the tax cuts and the reduction in regulations that the administration has put into place. Unemployment at record lows, employment participation growing for the first time in decades; more importantly, black and hispanic unemployment both at record lows. Consumer confidence is at an 18 year high which bodes well for the important Christmas shopping season and the economy in general. More importantly, tax revenues are UP! (if you car to follow up on that - I did a study on tax revenues following every major tax change over the past decades. I have facts and figures and even a spread sheet where I combined most of the numbers I crunched. Bott...

I'm back and we're all broke!

I finally have something to say. Like a lot of the news and the news reporters, I am going to comment on the national debt, debt ceiling, and related. First - if you think the current problem is a Republican problem - you are WRONG! Second - if you think this is a Democrat problem - you are also WRONG! One thing I can say about today's politicians, for the most part they are all clueless. The only thing that appears to be motivating most of them is getting re-elected. There is enough blame to go WAY beyond party lines. One aspect of the debt ceiling/national debt discussion that bothers me is that most average Americans seem only to be concerned about the problem in relation to any monies they get from the government being cut off. This is the problem people! Remember the base rule - THERE IS NO GOVERNMENT MONEY!! It still angers me beyond words when I hear a reporter, politician, or anyone else talking about "federal funds", or "state money". (but that i...