Tuesday, July 24, 2012

Taxes vs. Deficit: Why lack of one will create a lot of the other

   My basic view is that we should have an efficient Government that provides transportation, waste management, schooling, health care, police, libraries etc. A Government that doesn't spend 6 times more on defense than the rest of the world. That doesn't have military bases in over 150 countries. A Government that taxes it's people fairly for the services it provides.

   My view is not a very popular view among most, nowadays people tend to want as low taxes as possible. However if you were to ask those same people if they want the services that Government provides they would say yes. I see a huge contradiction here, for if an individual wanted to purchase an expensive service but continued to lessen their revenue they would have a huge deficit, as we have. But the Republican Party still refuses to raise taxes to the rate that they were under Clinton. The last time we had a balanced budget, it worked then and it would work now. They say that they won't take $1 in raised taxes for every $10 in spending cuts. They say we should only cut spending. But not defense, that's off the table. 

   The Democratic party is as at fault as well, they let it get like this. It was under Bush that the deficit got outrageous, the tax cuts and the Iraqi and Afghani wars, not to mention the Medicare Part D drug plan. Some Democrats voted for these bills. If they would have obstructed as the Republicans have in the Senate in the past 4 years who knows our deficit might be much less. 

   All in all I believe that we have a country that just wants to spend and not pay for it. They would rather have a deficit than to pay higher taxes. We as a country have a spending addiction and taxes are the only way to keep us from going bankrupt. I don't want high taxes, but I would rather them than to have a country with a 15 trillion dollar debt. So the only way to maintain the services the Government provides and balance the budget is to raise taxes. Sorry Grover Norquist, do the math it's just not feasible. 

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