What one person receives without working for, another person must work for without receiving.
By Daniel at 2 February, 2010, 12:58 am
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The US economy will definitely improve if the government encourages successful businesses rather than punishing them with more taxes. The economy will improve if US government stop spending trillions of dollars that we don’t have and balance the budget.
President Bush and President Obama have been the worst managers of the world’s largest economy by adding $12 trillion dollars to the deficit. America must be led and managed by a leader who really understands the economy. Bailouts for private companies usually mean that failing companies receive taxpayer money, while their more successful competitors do not. Does that make any sense?
In the real world, investors seek to put their money where it is most valuable; that is, in companies that succeed, not those that fail. In the alternate world of government bailouts in which lawmakers spend taxpayer money rather than their own, failure is rewarded and success is punished.The total public debt now stands at $12 trillion. Interest payments on the debt cost $452 billion last year, the largest federal spending category after Medicare-Medicaid, Social Security, and national defense.
US government produces nothing for domestic consumption, nothing for international consumption, nothing but more benefits and more days off often with pay for government employees.Government “workers” as they are simply additional warm bodies occupying space and money that with ease could be spent better elsewhere.
Government spending is like throwing gasoline on the smoldering fire.
The only thing it can do is make it worse. The damage is done and it will take time to rebuild. Fix the specific things that lead to the damage occurring. Then adopt the same financial approach that a family would take after their house has burned down and they didn’t have insurance. You don’t run up the credit card bill any more than absolutely necessary and you cut all extravagances from your life. Otherwise, it will take you a lot longer to recover from the financial disaster.You cannot legislate the poor into freedom by legislating the wealthy out of freedom.
What one person receives without working for, another person must work for without receiving.The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is about the end of any nation. You cannot multiply wealth by dividing it.”
- Sahit Muja
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