Hi my name is
Don and I guess you could call me a redneck. I live in Nevada in a rural area
where we live by a code of common sense. No one could survive long in the high
desert without using common sense. With that said here are a few common sense
items I’d like your opinion on.
Simple math for my simple mind. We all have heard about the national debt and
the national deficit, what is the difference between them? First of all the deficit is the difference
between the amount of money we are spending compared to the amount of revenue
we have coming in. A good personal example
is: if you have a net monthly income of $1,000.
And you have rent of $500 a car payment of $350 and a grocery bill of $350
you have a deficit of $200 per month.
The only way you get by is to put the groceries on a credit card and go
in deeper debt each month. Now you have
to add the amount of the payment on the credit card and the interest you are
paying, this will increase your deficit each month. To figure the debt that you owe you would have
to take into account the deficit from the previous years and add it to the
amount you are spending today. The
government has been doing this for years and has amassed a debt of
$17,000,000,000,000. that’s trillion. If
we had to pay this today it would mean that every person including babies would
have to pay over $55,700 each. This is figured at the level of people in
America today at 305,000,000 souls. When you figure out that only a very small
percentage of the citizens pay the biggest portion of taxes that it will
require to pay this debt down, it becomes an impossible task. The easiest way to improve is to increase
revenue through increased taxable income via less unemployment. This happens when you make it easier for
business to increase revenue by reducing the amount of regulation and tax
burden. This creates more jobs and
increases the amount of revenue the government takes in, a point both Kennedy and Reagan proved during their administrations. We are not doing this, this
administration believes that if we just increase the taxes on those who create
jobs it will take care of itself. WRONG,
WRONG, WRONG. All this is doing is
slowing our economic recovery. Right now
businesses are trying to figure out how they are going to maintain the level of
employment they have at present, not how they are going to increase jobs. The regulations in Obama-care alone are making companies consider moving some of their people to part time positions.
I was told the other day by email that the reason people are
not making more comments on this blog is that they don’t want their identity
noted. This is easy to get around, you
can type your comment at the end of each article and then choose anonymous if
you want, all that it will require is that you type the code in the box
provided and hit publish. I would
appreciate just a first name and city added to your comments. Every day our readership has increased and it
would be nice to know what your thoughts are.
That’s my thoughts, what are yours?
1 comment:
Thanks for the lesson, I thought they were the same thing. You made it very understandable, I was building my own deficit since I have been out of work since October. We are starting to get things in order its tough no cable no dinners out on Friday night. I'm thankful my husband has a good job and we have been able to stay ahead of the game now that we are living in our means. We are doing a lot more reading and thankfully we have similar interests so we can talk more than we used to.
Samantha,
Grand Junction
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