Dec 03 2012
So, AJStrata is not posting as much as he used to. Why? What’s he up to? What’s happened to the Strata Sphere?
To be honest, he is (I am) very busy with Holiday activities with the family (preparation & celebration), end of year activities for the business, a new phase on an ongoing project, etc. So many real world activities politics is now very low on the priority list.
Besides – the big issue before us is Sequestration and the supposed “cliff” facing the country. And until we see which path we are on, not much can be said about anything. One thing is for sure, the President is busy trying on different fig leaves in terms of vacuous and stupid proposals that don’t deal with the cancer destroying our economy:
Out Of Control Federal $pending
We are racking up $1.3-1.4 Trillion dollars in deficits each and every year (looks like this “$1,350,000,000,000” in real numbers). If we tax the economy to pay for this, it will falter. But if we continue to add $4,500 in debt to each person in the country each year, the current~$50,000 owed per person with expand to $68,000 per person after 4 more years of liberal spending. That means each family of four will owe the government $272,000.
We cannot sustain this kind of spending. The $200,000 owed per family right now is unbearable, foolish and short sighted. There is no chance a family of four can pay this debt off in a life time and pay on a house, cars, durable goods, college education(s), etc. It is like owning two homes, neither of which is generating income.
So let’s be clear about another reality: the poor won’t pay, the rich will hide their wealth from taxes, which will leave the burden on the middle class to pay all this off. And as we remove people from the requirement to pay back their safety-net handouts, we double or triple the per person debt on those stuck with the bill.
Therefore, I still say it is better to go through Sequestration now, with funding cuts and tax increases, than pretend even one more year there is a painless way out of our current mess. I think this nation, its leaders and its wealthy need a wake up call. I think the middle class needs a huge tax increase, so they understand what they are doing to their own children.
I think we need to hit the cliff, so we wake up out of this mindless, socialist stupor we are still in.
Until we decide to (a) slowly spend ourselves to death or (b) start taking our fiscal medicine, there really is nothing to discuss. I can only hope the GOP House holds the line and doesn’t wimp out again, as they did in 2011. Of course, if they do, that will be the end of the GOP Party as we know it.