Saturday, September 20, 2008
America's Broke
America is officially broke and our political leaders want us to believe that Health Care is important. They can't even afford the cost of their programs they have now. There is no way to fix the cost of government now with taxation. Secretary O'Neil was "let go" from the Bush administration because in 2003 he wanted the public to know what we, the American people, were up against. We would have to increase federal income tax by 74%, increase payroll tax 103%, cut federal purchases 115% and cut social security and medicare by 47%. Both major parties are looking for new spending plans and tax cuts. Not one, other than the Constitution Party Candidates, are talking about a plan to save America from certain financial collapse. Before our children reach college we will have no money for education, transportation, agriculture,and most of all DEFENSE. Remember the collapse of the Soviet Union? We will be worse off than that in less than 10 to 15 years. Why is it that with the Enron scandal people went to jail, but with the bail out of the mortgage companies not only was no jail time even talked about, but all of the CEO's kept their millions in pensions? They are friends of our elected officials.
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2 comments:
They not only keep their pensions and golden parachutes but they will probably manage other businesses and government programs and agencies in the future.
It's like being rewarded for failure and it is wrong.
Our govenment waists so much money. We do dumb things like spend more money to make pennies and dimes than they are worth.
We could cut the fedreal budget by billions and with little effort but we do not do it.
Our elected officials tell us they made budget cuts, but in really all they did was make cuts in proposed increases.
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