Jul 20, 2010

Those Lazy Bastards Want More Free Government Money...

It seems that economists agree on the need to extend the unemployment benefits not only to help millions of Americans who can't find a job but also stimulate the economy by putting money into the hands of people who are going to spend it on necessities. Of course, there are some who abuse the availability of this government assistance as it happens everywhere when people can exploit loopholes. The greater benefit has to taken into account.

Also, it's easier to see the abuse of the people who play the system. Yet, the larger abuse or the sweet deals that are struck behind closed doors are hidden from public view. The image of a lazy drunkard who's on public assistance alienates and creates a personal experience that makes the public skeptical about the need for certain social programs. But, who knows that just 2% of the taxpayers (yeah, those super rich) got a tax break under president Bush that cost the US Treasury $678 billion? That's OK, while $33 billion to extend unemployment benefits is not? Who needs what?!

I'm fed up with the deficit peacocks--who are supposedly concerned about the national deficit--and they keep arguing for more tax cuts and services. There is no way the deficit can be eliminated by cutting services, unless we become like Somalia. [see the video on this blog's sidebar].  Revenue comes from taxes, either from the taxpayer or from taxing goods and services.  On the national stage at least, it's been the Republicans who have created huge deficits by giving the store away to the wealthy & powerful.

One more thing about cutting services. Yes, there's waste and inefficiency, and corruption in the government & its various functions. The important question here is, who needs those services? Who needs the government of, by, for the people?  And, guess what... It's the big players that go to the government to cap their liabilities, weaken consumer protection, kill competition, maintain low wages, privatize profits  and socialize the risks of doing business.

No country can be strong if it has poor financial practices, but the sane thing is to be prudent. While the times are good, it should save and invest, but when there's a need, then it should spend. When I'm healthy and productive, I save and I invest, but when I'm sick or out of a job, I run a deficit. It's this simple.