Government

Who really cares about Americans?

The federal government (that’s us) is in debt to countries, individuals, Social Security and Medicare Trusts and more to the tune of over $22 trillion. That debt is rising daily to risky levels and has been for over twenty years.

In 2020, the SS Trustees will begin redeeming bonds to pay benefits. The government will have to come up with the cash probably from more borrowing.

Seems like all this means higher taxes are on the way … or should be. And yet we hear next to nothing about dealing with this debt (and deficit) and related interest payments; $80 billion a year to Social Security alone.

On the other hand, in this election environment we hear a great deal about what Americans deserve; free college, student loan forgivenes, no OOP cost health care, free child care, guanteed jobs, cash for being born … which we are told we can afford if only the wealthy pay their fair share.

It doesn’t work that way. The wealthy (sometimes defined as low as $150,000 a year in income or more than twice the median household income) can’t carry the burden alone. Everyone must share in taxes and if other countries are a example, we are talking way more than income taxes.

What it takes is higher income taxes, higher payroll taxes, value added taxes, higher gasoline taxes and assorted high fees like a 50% tax on purchasing a car or $4,000 to obtain a drivers license, even a fee to watch television.

It would be nice if instead of taking voters for fools, politicians would tell the truth, the whole truth for now and in the years ahead.

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6 replies »

  1. May I have your permission to pose your question to NBC News which is collecting questions for the first 2020 primary debate, being held June 26 and 27 in Miami. (Submit your question below and one of the five debate moderators may ask it live during the debate.) noting that it is from “a recent blog post by R. D. Quinn” ? Thank you.

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  2. The truth – All Americans have had it too good since the end of world war 2.
    We are a bunch of whiners. My taxes are too high. The COLA is way to low. The government should do something about income inequality, but what???
    When I talk with friends and family about finances, it is never their fault that they have no savings or cannot make a car, insurance, utility bill or credit card payment. Living on less than $20,000 per year from 1995 to 2017, I have never missed any of those payments, but I have not had a car payment since 1986. Started SS benefits at age 62 in 2018 and now have income of $36,000 per year. Life is great.

    I like to throw this comment out – I wish I had to pay $50,000 per year in Federal Income Taxes. They say what are you crazy! Then I explain I would have to have have $225,000 in taxable income. Counting Federal, State, and Social Security taxes I would still have $150,000 left. Do you want some Cheese with your Whine.

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  3. I’m old enough to remember the Christmas TV ads: “Promise her anything, but give her Arpege.”

    We don’t need a “balanced budget amendment”.

    What we need is the discipline where any proposed program must show exactly who will pay how much to fund the specific entitlement and identify the beneficiaries and the amounts they will receive. When viewed as a forcible taking, identifying the targets, and the beneficiaries, it will dramatically change the conversation. That is particularly true where the burden is foisted on those who are not old enough to vote and generations yet unborn.

    There will always be some who want an “Obamaphone” – no matter who pays, no matter how much. But, it won’t be a majority of Americans, and as a result, we just might be able to arrest this “promise them anything to get elected” crap.

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  4. John F Kennedy’s quote “ask not what your country can do for you, ask what you can do for your country” has been totally ignored by American politicians for almost 60 years. What can government do for you is their vote buying cry or we know better, let us take care of you.

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