Attention Haves and Have mores!

Let’s get real. It’s time shareholders take a hit. We who live by modest means are tired of shouldering the economy’s debt.

The getting real part is, it’s time for large profitable corporations and the “well off” to also participate in lifting the economy from it’s depth. Yes. You guys must also pay taxes. You’ve been on holiday too long. Paying very little in taxes. Some paying zero taxes. Do you think you are some privilege class? Did president Bush put you on permanent sabbatical from sharing your bountiful revenue? No, I don’t think so.

Secondly, why must congress (if I didn’t know) protect and shield the super rich? Why must you guys be exempt from paying up? Don’t give me those old job maker/job killer foggy excuses. Excuses proven time and time again to be untrue. Bogus. Contrived and manufactured to protect you and shareholders. The national debt is still unpaid. The national debt is old and needs to be paid off. You guys owe this. Step up to your responsibility and pay the government.

The government bailed out you money mongers and you owe them big time. No more skating on ice without paying. No more free hall passes. It’s now time and passed time to pay for your free-float.

The House of Congress is now a soup kitchen for the rich

The TEA party turned into a soup line. Thanks guys.

Tuesday, August 09, 2011, 7:32:48 PM | Chuck Ayers

So our credit rating has been deflated. Our borrowing power lessened. Our international reputation train wrecked. And, our own self-worth sent to rehab for lengthy psychotherapy. Why? How did this happen?

Standard and Pores reduced our borrowing status down from triple A to double A-plus. In real terms, I really don’t know what this means. Since that was done, lots of shouting and blame has whizzed through the air but not much else. The stock market has had its ups and downs but what else is new?

Never the less, here is my opinion. It certainly all started a few months ago with the question about the debt ceiling. Right? Some members of congress wanted not to raise the debt ceiling. Some refused to raise new taxes. Some insisted allowing the rich to remain on a permanent tax holiday. A small cadre of anti-tax, antigovernment partisans, including the lobbyist Grover Norquist passionately encouraged congress to drown government in a bathtub. Right?

So with this in mind almost any debt was not going to be paid regardless. So the government had to get out it’s international credit card and pay the debt with credit. Take out a loan to pay off what we already owed. Forcing the government to “borrow and spend” once again. Certainly doing what has been the normal practice of international borrowing for the past 30 or 40-years. However, not really the best solution for retiring debt. Right?

What Mr. and Mrs. America would have to do to pay down their debt would be:
1 Cut expenses and stop buying non-essentials and save cash.

2 Sell the house or car. To raise cash

3 Get a second job for additional cash.

But the bottom line is come up with an additional cash stream. More money pays down debt. Paying it down because of obligation to do so. Owning up the debt. Not borrowing more money. Borrowing just makes the debt drag out longer making it also more expensive.

In my opinion the easiest and quickest way to pay down this debt is to raise taxes. Raising taxes on the rich would be okay. I see no problem here. Also cutting huge expenses over at the Department of Defense would work as well. Possibly bringing home from Afghanistan all military personnel. A huge cost saver right there.

All in the entire whole debacle started when the speaker of the house John Boehner bowed down to the TEA partier’s feet. Playing to the TEA partier’s wishes. Totally disregarding the wishes of America. Consequently holding the whole budget process hostage. All for a bunch of wrong-headed congressmen suckling the great lobbyist nipple; Grover Norquist. Indicating where the reelection money comes from. Grover Norquist and the Koch Brothers. A trio of control freaks anti-tax money mongers. “Take from the poor and give to the rich.”

Bottom line, it was the TEA party that brought down government. A few bad men hijacking the American process just for their own monetary benefit. Controlling America’s money and keeping it all for themselves. Now! Remember, it was the TEA party that wrecked our American treasury. Also, don’t forget, we Americans are the government. So stay away from Grover Norquist and bathtubs.