Tuesday, July 28, 2009

What has become of the US economy?

Now with millions of people out of work, where will tax revenue come from at a time when the government is trillions of dollars in the red?

Take a look at what New York State is proposing: A graduated tax based upon income. Why? To meet its burgeoning budget shortfall. Is the tax proposal fair? I think not.

Health care is the big topic today. Who will pay for it? Is there a correlation between illegal immigration and health care and education expenses? Yes. Is there any real effort to stamp out illegal immigration? Ha!

Foreclosures and rising costs in energy, food, living expenses, utilities, and whatever. How do these things affect purchasing power? Greatly.

The free market system has worked for decades. Greed and fraud account for a lot of the problems in the US economy today.

The biggest problem that I see is an unwillingness for legislators to use common sense and reason to address problems. Instead, I see them exacerbating the problems. If they would only realize that spending money that one does not have is an unwise recipe for success and act accordingly, then maybe their actions would make sense to those adversely affected by their decisions: We The People.