I hope I'm not the only person out there feeling like i've been taken to the cleaners by the government more than once with taxes. Now with the proposed bailout of Freddie Mac and Fannie Mae by the government, that will force taxpayers to step up and bail them out. Now here is the bad part of this. We pay taxes to the government for many priveleges that we have and I agree with, and we pay mortgages to live in houses. We are charged interest on these loans that we pay to other companies, mainly Freddie and Fannie to prop them up. Now because they got greedy and loaned out bad money and over leveraged themselves and are now faced with bankruptcy, the taxpayers have to bail them out.
Do you think you'll get a tax break because of this or a lower interest payment on your mortgage to bail out the company? Of course not, you'll get to pay more. So here's the catch 22. You make less money and bring home less because of increase in taxes, interest rates go up, so you pay more, the dollar is getting devalued so your money is worth less, and you're supposed to invest for retirement on your own because the government failed to realize that unless they invest the Social Security money appropriately, we're going to run out. What a fine mess!
Tuesday, July 22, 2008
Thursday, July 17, 2008
Tough TImes
I think that we all realize that the times are tough throughout the country, contrary to what the government will have you believe. The stock market, which is what most people look at for a read on the economy, is not doing so well. I don't see an end in sight any time soon. You hear the talking heads on TV telling us a plan for this and a plan for that, but that short-sighted view of the country is not helpful.
Our problem is that we are an instant gratification society, myself included, but this is the worst kind of behavior. We need to be forward thinkers and help to solve problems that exist, not with a piece of duct tape, but with solid foundations. The problem is that we've been down this road for so long, we don't know how or where to begin. Plus there are so many different problems, that there is no one fix.
Another issues is that we can no longer think of ourselves as a single country. The world is integrated whether we like it or not. We need to think about everyone. Wars don't help at all so this is no place to take us.
I feel sorry for the government officials because they have a mess on their hands and not really good way to fix things. Part of the problem is that the officials who make the policies are the main reasons why we are in the messes because they created ways to get us into these messes.
All I know is that we have some big problems on our hands that need some serious attention and good ideas, not speeches. We need some action and not words. God Bless Us!
Our problem is that we are an instant gratification society, myself included, but this is the worst kind of behavior. We need to be forward thinkers and help to solve problems that exist, not with a piece of duct tape, but with solid foundations. The problem is that we've been down this road for so long, we don't know how or where to begin. Plus there are so many different problems, that there is no one fix.
Another issues is that we can no longer think of ourselves as a single country. The world is integrated whether we like it or not. We need to think about everyone. Wars don't help at all so this is no place to take us.
I feel sorry for the government officials because they have a mess on their hands and not really good way to fix things. Part of the problem is that the officials who make the policies are the main reasons why we are in the messes because they created ways to get us into these messes.
All I know is that we have some big problems on our hands that need some serious attention and good ideas, not speeches. We need some action and not words. God Bless Us!
Subscribe to:
Posts (Atom)
