I don't want this to become bipartisan political. Both parties could have fixed this and both have failed us miserably.
I don't consider myself rich but I'm watching my 401k shrink and it hurts (I can't move matching funds without the IRS calling). I try to tell myself it doesn't matter since I'm not retiring soon. Then I think of those that wanted to retire soon. Those that wanted too, won't retire, and that means some guy/gal that might of got that job, won't. I'm thinking unemployment will go up.
We are running a national debt of 10 trillion dollars. That is over $33,600 per citizen. Add your spouse and children to that figure. Then take into consideration who doesn't pay taxes. Then take into consideration who gets paid "instead of paying" for an income tax return. Its called "earned income credit". Apparently you qualify for this even if you are not a citizen.
If I could, I would give most of the powers back to the state. Pork belly spending and domestic spending is really not a job the federal government can handle. It turns the states into beggars with their hand out and congress into spending whores so they can get re-elected. Each state could employ their own pork belly spending programs and their own welfare programs. That would encourage every state to compete against each other for the best program. Also disaster relief should be the obligation of the state and not the federal government. This would encourage each state to have a disaster relief fund instead of a deficit. Property values in ridiculous areas like the Florida coast and California (landslides, Santa Anna fires and earthquakes) would drop to reasonable levels since the States/home owners would know that the federal government is not coming to the rescue. The Federal Government has entirely to much power and they are not answering to us anymore. This 2 party system has broke down.
Walt
I don't consider myself rich but I'm watching my 401k shrink and it hurts (I can't move matching funds without the IRS calling). I try to tell myself it doesn't matter since I'm not retiring soon. Then I think of those that wanted to retire soon. Those that wanted too, won't retire, and that means some guy/gal that might of got that job, won't. I'm thinking unemployment will go up.
We are running a national debt of 10 trillion dollars. That is over $33,600 per citizen. Add your spouse and children to that figure. Then take into consideration who doesn't pay taxes. Then take into consideration who gets paid "instead of paying" for an income tax return. Its called "earned income credit". Apparently you qualify for this even if you are not a citizen.
If I could, I would give most of the powers back to the state. Pork belly spending and domestic spending is really not a job the federal government can handle. It turns the states into beggars with their hand out and congress into spending whores so they can get re-elected. Each state could employ their own pork belly spending programs and their own welfare programs. That would encourage every state to compete against each other for the best program. Also disaster relief should be the obligation of the state and not the federal government. This would encourage each state to have a disaster relief fund instead of a deficit. Property values in ridiculous areas like the Florida coast and California (landslides, Santa Anna fires and earthquakes) would drop to reasonable levels since the States/home owners would know that the federal government is not coming to the rescue. The Federal Government has entirely to much power and they are not answering to us anymore. This 2 party system has broke down.
Walt