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Old 02-23-2017, 11:04 AM
 
Location: The High Desert
16,087 posts, read 10,753,057 times
Reputation: 31494

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The struggle has often been one of taxation or borrowing as a means of moving the country forward. Democrats have generally favored taxation over borrowing as a "pay as you go" approach but they had to be in control of congress to achieve that. Most often, the goal for the spending did not go away (national defense, for example) so borrowing was the next option. Republicans generally favored borrowing over taxation because it kept the illusion of low taxation and it kept their moneyed banking friends happy....a "kick the can" approach. They preach about the evils of big government, slash programs and keep borrowing while assuming somebody's kids will pay the bill down the road (or maybe there will be a zombie apocalypse and we won't have to pay).


Business, small business especially, is the engine that runs the country but good and effective government is the wheels that keeps it moving. Cutting government, slashing programs and trashing beneficial regulations is counter-productive. Government contracts are a large chunk of what propels small businesses but if that system bogs down or dries up because of ideology or politics the economy will suffer. Unemployment will increase and job opportunities will suffer. Government revenue from individuals and from commerce and business activities will suffer...so instead of fixing the government we either tax more or (more likely) we borrow more. We are in a hole but we keep digging.
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Old 02-23-2017, 05:09 PM
 
Location: Ft. Myers
19,719 posts, read 16,846,967 times
Reputation: 41863
Quote:
Originally Posted by fordtrucks View Post
.

Oh...I dont think i've done too badly...Have a net worth of approximatley 1 million.

Then why are you driving a Ford ? With only a million, don't consider retiring any time soon.......not enough.
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