Tis the Season to Tax and Spend
With re-worked bailouts, stimulus packages, and the re-awakening of credit, it's clear someone wants you to spend your money. Just a few months ago, when credit was really tightening up, Americans were becoming scared to spend money. Payments could not be made, interest rates were too high, owns for hard to get, and job losses were looming. The media had scared us all into thinking this was happening to everyone everywhere. And when we were convinced, we did not like the result. The stimulus checks that had come to us from the government did not get spent on things that we could not afford. Instead, some of them wisely got put towards retiring old debt, or possibly even saving. While living within our means is good for us individually, the economy as a whole suffers. So now, the task at hand is to get consumers to believe that they have unlimited income potentially, in unlimited time to pay off debts. Asset appreciation will soon be on its way back. It's time to forget about the tough times already. Thank goodness we somehow survived.
On the aggregate, government is once again perceived as the savior to the economy. President elect Obama, with placard in hand, will try to convince Americans to spend their way out of this recession. And of course government wants to do its part. Deficit after deficit will be piled up higher and higher in about half the time. The United States government will spend $1 trillion more than it has in one year alone. It used to take three years to reach the trillion mark even in bad times. The United States government wants to revisit the depression years and the huge deficits racked up by President Roosevelt believing this brought us the prosperity we remember so nostalgically. Displaced workers from the auto industry, financial industry, and retail will all be lined up to apply for jobs building bridges and laying highways. Once they're completed, how will they be used? Will we still have cars?
Tax and spend liberals at all levels of government have a hatred towards the private automobile. First, they would have to be allowed to the auto industry. However, that goes against their anti-trickle-down economics that rich people would be creating jobs. We can't have that! Is it going to be up to the assembly line worker to straighten out the finances of the auto industry? Or will a car Czar do as well? A car czar would demand that all automobiles run on electricity. Gas powered autos would be a thing of the past. Unfortunately, electric cars will only run for about two hours before needing a full charge. This would preclude most people from going any further than Fond du Lac without having to immediately return home. This of course means that the tax-and-spend liberals would have to create light rail for just about all transportation needs. Urban sprawl would end and everybody would be living in condominiums next to the stations. This of course would require huge subsidies of taxpayer money.
Soon after January 1, the Democrats will be taking over government and they will put forth their plan, their New Year's resolution to raise taxes at all levels. Huge tax increases will still not be enough to cover all of the deficit spending considered necessary to get the economy back moving again. Unfortunately, once we have these huge infrastructure plans made, and social programs in place, they are nearly impossible to undo. Just look at the pension scandal of Milwaukee County. The money continues to be spent and no one has enough guts to do what's right to correct it. When we see the same mistakes being made on a larger scale at the federal level, and at the state level calls for common sense go unheard. Why do so-called leaders continue to let this happen?
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