Saturday, September 18, 2010
WHAT DO YOU MEAN WE'RE OUT OF TUNA FISH!
Just thinking about the Bush tax cut debockle. Here we are being held captive over partisan politics. Republicans with a gun to our heads wanting to protect their benefactors. They'd rather this country slide into a depression than turn things around.
I have an idea. Let's let all the tax cuts expire. After all when you figure exactly what the middle class got out of the deal in the first place it wasn't that much. As I recall my taxes went down by around $1200. That works out to around $24 a week. I'd gladly trade that for the rest of a pay check rather than wondering how I'll make it in the next few months. And for the side that keeps screaming about budget defecits this would provide much needed income to pay down the national debt. Because as we all know you can't pay off a bill with no income.
And for those of you out there who think that corporate America is broke, think again. I've witnesses the exact same things happen in past recessions. The economy goes down but companies are still operating. They cut back personnel but the cash flow doesn't stop. When their coffers are overflowing they have no choice but to start spending again lest they risk having to pay more taxes on their bounty. It's all a matter of balance. The bubble Bush created could not last forever. And speaking of bubbles if you have any gold laying around you might want to get rid of it in the coming months. Is $1200 an oz. really a realistic price?