Back to Economics

With the Presidential marathon finally over, it is time to return our attention to the economy.

Boys and girls, we are in trouble.

The amount of debt created in the past few months, and the abrupt slow down of the economy leaves us very vulnerable to higher taxes.

The Feds, the States, the Counties, and the local towns and villages are all running deficit budgets, with the bigger the entity, the larger the deficit.

Logic would tell us that if you don’t have enough money to cover your budget, then……. cut your spending. Any fiscal Conservative will tell you that tightening the budget and reducing spending is what “we the people” have to do when we can’t afford our personal expenses.

Unfortunately at this particular junction in history, a very Liberal agenda has hijacked the Country on the Federal, State and Local level in most places.

This philosophy usually fights to keep spending constant, and increase income by raising taxes, as a way to balance their budgets.

At the beginning of what is obviously a fairly heavy Recession, raising taxes even a little bit will wipe out an alarmingly large number of small/ medium businesses, which in turn, will deepen the recession.

This is a no win situation, but our fiscally liberalĀ  friends will not hesitate to raise our business taxes as a way to trickle up stimulate the economy.

Be prepared, trickle up economics in this economic climate is akin to trickle up depression.

Watch out below.

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incense sticks
9 years ago

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champion
champion
9 years ago
Reply to  incense sticks

I welcome the critique and will endeavour to continue my observations in as coherent manner as is humanly possible.

champion
champion
9 years ago
Reply to  champion

thank you