Our country is in dire financial straights. Dire. We are on the verge of losing our triple A rating, there is talk of dropping the dollar as the world’s standard, and other countries own more of our debt than is comfortable (to put it mildly). This needs to be addressed immediately, and that means that we need to start reconsidering our massive entitlement spending. Even without the passage of the explosively-expensive healthcare monstrosity (and its implications regarding expansive government control), we are heading down a road to abject poverty for everyone in this country. No one seems to want to talk about cutting entitlements, but let’s be honest, if we don’t cut them now, we’ll soon not have any money for anyone. The gravy train has to end.
Considering that 47% of Americans pay zero income tax and that many of those actually receive “tax refunds” (!) and a range of entitlements from welfare to food stamps to Medicaid to unemployment (and on), that leaves the rest of us to foot the bill for everyone in this country (including illegals, who pay no income tax at all, either). The median income in the United States is $50k (give or take), with women earning in that “median” range $35k. So selecting $40k somewhat arbitrarily (God knows math is not my strong suit), let’s look at a handy pay check calculator and see what taxes and pay-outs are subtracted if you are a single person w/no dependents living in Massachusetts:
Weekly Gross: 769.23
Fed Withholding: 83.77
Social Security: 47.69
Weekly “take home” pay: $588.97
Notice this is without any healthcare or other benefits figured in. You are now making less than $30k a year (closer to $24k after health, dental, and whatever other benefits you get through work). And with that you will be (in addition to healthcare) in need of housing, utilities, clothing, car, gas (rumored to be going to $7.00 a gallon, from the $2.63 it is now) and insurance for said car, food, etc. and etc. All of which are skyrocketing, while our paychecks are shrinking. How much savings? Retirement planning? Pretty much none, right? And the middle classes continue to sink into poverty, and the cycle of entitlement reliance continues . . . by design.
Now consider that unemployment is through the roof (and apparently going to be higher than expected when the new numbers come out on Friday . . . because it snowed), that businesses (big and small) are not hiring at the moment, and that there are massive cost increases coming in the form of healthcare reform, Cap and Tax, and who knows what other nasties this lunatic administration wants to impose on us (a VAT? more taxes on “the rich” that we’ll end up having to pay from our increasingly diminished paychecks–anyone who thinks tax increases are not passed on to the consumer is living in a delusional la-la land), and you have a recipe for not only national bankruptcy but a great many more personal ones, too. This country is going in the wrong direction. We cannot sustain this:
This is not okay. Not only are we being strangled and dragged down by insane taxes, with more on the way, but they aren’t coming close to covering the government’s massive spending: “This year’s deficit is 10.6% of the nation’s economy, more than three times the level that is sustainable, administration officials said” (source, emphasis mine). Raising taxes will not help us or the government or anyone receiving entitlements. The only thing to do is get out a chainsaw and start some mad massacring of these programs. I’m not kidding. They have to be hacked and slashed and butchered, neither a hatchet nor a scalpel will not do the trick. Nor will piling on more entitlements, more spending, more, more, more . . . and absolutely no way to pay for it.
We are not the “richest nation on earth,” not anymore. We are a debtor nation. Unless we face this and make some tough and strong decisions now, going forward, we’re going to be a banana republic.
How’d we get here? Honestly, I could give a rat’s patootie at this point. The only thing that can be gained by saying “well the republicans did it, no the dems did it, un-uh, they all did it” is absolutely and utterly nothing. Get that? It doesn’t matter one tiny iota how we got here, except–down the road–in terms of looking back, having stabilized our economy and balanced our budget, with the intent not of blaming everyone under the sun but of learning what went wrong so that we don’t allow it to happen again. I am so not interested in who did what or what mistakes were made or how bad [insert your favorite straw man] is/was.
Our nation is in dire straights, and the only thing that is sensible is to work to get us back on a strong, American track. That means we have to clean House (and Senate) this November, not simply because they are progs or traitors or absolute lunatics but because they are threatening our nation’s security and stability. With them in power, we will never be able to address the serious financial problems in this country, never. They compound them every day, and we are responsible for allowing it to continue. If we do nothing, we don’t just lose an election, we lose a nation.