Thread: debt ceiling
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Old 07-28-2011, 04:03 AM   #177 (permalink)
Tully Mars
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Location: Yucatan, Mexico
Bottom line here is many US voters had no problem spending and spending under Bush Jr, happy to see that $3-600 check, completely on board with going to war and welcomed the tax cuts. Now that the bill has come due they want the money they spent to come from anywhere but their own pocket. But what many are finding out is it will come out of their pocket. That's going to happen by reduced benefits for some, increased fees and tolls, increased interest rates on their loans, the devaluation of the dollar. None of this will affect the truly wealthy in the US, hell the increase interest rates will benefit them greatly.

Many average Joe's, yep even "Joe the plumber," has once again been conned into advocating against his own interest. This can easily be tracked. Historically the middle class loses ground every time the GOP has the WH or a significant amount of power in the the congress.

To think we could spend trillions on wars and tax cuts and then after 10 years make up the difference by solely cutting spending (mainly in social programs) rather raising any revenue is just mathematically false.

I went to HS in the late 70's, yep I'm old I know. Back then if I wanted to play football or any sport it was free. My brother's kid is a senior this coming year and to play football it's going to cost him $500 at the very same HS. He can add track, baseball and basketball and max out at playing 1K for all sports. I remember camping a lot when I was younger. The cost of camping at a state park back then was nada. The last time I spent a day, not over night, at a state park the fee was $15. I think an overnight spot was $30, $45 if you wanted RV hook-ups. These are just a couple examples of things that tax dollars use to pay for but are now "user fee" funded. Fees such as these have little to no effect on wealthy families but place a heavy burden on those just getting by and living pay check to pay check.

Since Reagan started with the huge tax breaks for the wealthy the middle class has taken one hit after another and now many average Joe's have been convinced we should no only continue down this path but double down and squeeze more money out of their own pocket. P.T. Barnum was right- there's one born every minute.
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Last edited by Tully Mars; 07-28-2011 at 04:30 AM..
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