The debt to asset ratio in the US is certainly acceptable to me, and always has been. If you look at in the light of your own personal debt ratio, i.e your income compared to what you owe for houses, cars, etc. then you can see that the US certainly operates within it’s means.
I’m not saying we should continually increase our debt, and yes I would even agree we should keep it in check, but to ever think we should pay it all off and be debt free is ridiculous. There’s no logical or sound reason for it. In fact, we should always have a modest amount of debt. Especially when you lay the burden of paying off that debt on my back and the money I work very hard for. The government has bills to pay? Guess what? So do I! And as far as I’m concerned, my debt is more important! How many of you don’t work hard for what you make? From some of the comments I’ve seen on this board I’m inclined to believe some people would be happy if everyones paycheck were just thrown into a barrel and doled out to everyone according to his/her needs? Hmmm, where have I heard that before?
Taxes are too high. Everything is taxed. Social security and medicare payments that come out of my paycheck are too high. If you work for a company then you are lucky enough to have %7 (%7.5?) of your social security payments offset by that company. If you are self employed you have to bear the full burden. When income taxes were first levied several members of congress wanted to put a cap on it of %1.5 but they were shot down for that recommendation. Why? Because those in opposition feared that if they did that then congress would waste no time in raising it to that rate. HA! Now look at us.
Yes, I want good roads to drive on, although I’ve yet to see a state in this country that actually builds roads to last. The technology and know how is certainly available to do it. Yes, I want fire/police (although we are severly over policed imo)/etc. And in all fairness, one persons pork spending is another persons livlihood. But still, do we really need to study bovine emissions? Or should I ask do I NEED TO PAY FOR SUCH A STUDY? I think not. Give me good roads and someone to put out the fire when I accidentily set my house aflame from my weekend bbq and pay for your own cow fart study.
It’s my money. I worked for it. I want to pay taxes to have a solid infrastrcture, but for me to have to pay for some of the things congress spends money on is equivalent to strong arm robbery. And I believe that is a felony in all places in this country.
Do I think tax relief is the right thing to do? Hell yes I do! I also think abolishment of many taxes is certainly in order. I happen to live in a state that also taxes your groceries. What kind of sick $!#@ is that?
As the british comedian so eloquently put it “So how are you americans getting along now with no taxes?” I for one consider Bush’s tax reduction proposals a pitance compared to the relief I think is needed. Give me back my money, damnit!
<the author considers himself a staunch libertarian. are democrats dumber then republicans? no, I’d say they’re pretty equal and equally evil>