Double Dip Recession and tax increases are coming and there’s not a lot that anyone can do about it- except in November vote out of office just about every incumbent there is-Republican and Democrat.
Back in July Rep. Mike Pence of Indiana said “The American people deserve to know every income tax bracket will increase on January 1, 2011. Every single one.”
JD Foster of The Heritage Foundation recently wrote “President Obama has called for a huge tax increase to take effect on January 1, 2011. Instead of reducing spending, he proposes to raise taxes on a wide swath of taxpayers-including small businesses-despite the weak economic recovery.”
As we brace for tax increases we ought to also be bracing for round two of the recession-which never has actually ended. The media is calling it “Double Dip Recession” and many US cities will probably feel it soon.
Double-Dip Recession and Tax Increases are two separate and at the same time related issues. Economic downturns are unavoidable and are caused by demographic shifts but Recessions and Depressions are avoidable and are caused by political interference. It’s time we hold politicians accountable for using the economy as political capital.
Taxes are a necessary part of the well being of any nation- governments run on taxes-it’s that simple. No one “likes” taxes but everyone ought to understand they’re unavoidable; “death and taxes” right?
The problems with taxes are twofold:
1. Politicians use taxes as political capital
2. Citizens demand or require more and more entitlements and services from government
Combined those two problems have created monetary nightmares. There are few if any politicians who want to do right regardless of whether or not it gets them elected or re-elected and no individual, group, or government entity wants to be the one to have its government funds reduced or eliminated in order to reduce government spending.
Do you want your taxes decreased? Yes? Okay, do you want a smaller, less technologically sophisticated military? Do you want your social security reduced or eliminated? Do you want to do away with unemployment insurance? Do you want the highways to further deteriorate? If your house catches fire do you want to fight the fire yourself? If your town is devastated by flood, tornado, or hurricane do you want to take your chances finding food, water or fighting disease and looters?
There are abuses and silly uses of tax money and those should be stopped however, a few billion here and there are like pennies in an economy as large as America’s.
Nevertheless, instead of Democrats shouting “raise taxes” and Republicans shouting “lower taxes” what everyone ought to be asking is “what’s the right amount for taxes?” That’s not being asked because it’s the real issue and it’s complicated. Politicians and the American public don’t seem to want to deal in reality when it’s complicated.
But it’s time to change-no, not change-improve. That’s the only way out for America- to get BETTER.