You and I do not create deficits in government at any level. Politicians and their spending habits create them. After creating these problems, they then campaign against these deficits until they are elected or re-elected. Recently, the Secretary of the Treasury allowed Congress to “borrow” $156 million from the “Trust Fund” to tide the excessive government programs and spending over until such time as the “Borrowing” authority (debt limit) was raised sufficiently.
As an FYI — in the 1960s, then President Lyndon Johnson signed into law the authority for Congress to “borrow” from the “Trust Fund.” So you see why Social Security is in some financial difficulty and dire predictions about the “Fund” being depleted, and many who believe that the solvency of this Fund is now based on a “Ponzi Scheme” theory. The “Trust Fund” consists of all the money paid in by working people as their Social Security Tax and the Federal Employees Retirement funds. Ask your Congressional Representatives how much of the money borrowed from the “Trust Fund” has been paid back — a good question, don’t you think?
If you and I are against high taxes and inflation and the politicians campaign against them, why do we have high taxes and inflation? Because we continue to provide many elected officials the opportunities through re-election over and over again to tax and spend our money.
You and I do not propose government budgets at any level. Those in elected office are responsible for budgets.
In the case of the federal budget, only the House of Representatives are tasked with the constitutional authority to vote on appropriations. At other levels of government, similar authorities exist.
We the people did not write the Federal Tax Code or the 86,000 pages of rules.
We the people do not write the Tax Code for state and local governments.
We the people do not control fiscal policy or monetary policy. At the federal level, the Federal Reserve has no oversight or periodic auditing rules to hinder what they may do. So who is controlling our money? One central bank and …
When debating the federal financial mess this country is now experiencing where does the blame really belong? On the 545 that we continue to “hire” as our employees.
Yes folks, they work for we the people. We allow them to vote themselves golden parachutes when they retire after 20, 30, 40 years in office (95% of their highest salaries while in office).
Meanwhile during that period in office the lobbyists have bought them and made them wealthy. However, these 545 can CHOOSE to accept or reject what the lobbyist offer. But, how many do reject these offers? Can someone out there let us know WHY we keep some of these folks in office? They should ALL be voted out and term limits should be demanded by the people.
Page 2 of 2 - Don’t forget that these folks take an oath, which, by today’s ethical standards in some areas, means little to nothing to folks out for themselves and lining their pockets or believing they can control the masses.
I have read with interest the articles in the newspapers about Camden and Morgan Counties putting the use tax on the April ballot. That’s a good thing — at least the people have the opportunity to vote on whether or not they want to institute this tax along with the myriad they all ready pay.
Speaking of taxes — just for fun, I include some of the taxes we now pay without even giving it a second thought in many instances.* Some or all may apply to each of us. Especially look at the Telephone Taxes.
Accounts Receivable Tax, Building Permit Tax, CDL Tax, Cigarette Tax, Corporate Income Tax, Dog License tax, Excise Tax, Federal Income Tax, Federal Unemployment Tax, Fishing License Tax, Food License Tax, Fuel Permit Tax, Gasoline Tax (about $0.44.7 per gallon), Gross Receipts Tax, Hunting License Tax, Inheritance Tax, Inventory Tax, IRS Interest Charges and Penalties (Tax on Top of Tax), Liquor Tax, Luxury Tax, Marriage License Tax, Medicare Tax, Personal Property Tax, Property Tax, Real Estate Tax, Service Charge Tax, Social Security Tax, Road Usage Tax, Recreational Vehicle Tax, Sales Tax, School Tax, State Income Tax, State Unemployment Tax, Telephone Federal Excise Tax, Universal Service Free Tax, Federal State and local Surcharge Tax, Telephone Minimum Usage Tax, Recurring and Nonrecurring Charges Tax, State and Local Tax, Usage Tax, Utility Taxes, Vehicle License Registration Tax, Vehicle Sales Tax, Watercraft Registration Tax, Well Permit Tax, Workers Compensation Tax.