Wednesday, November 30, 2011

Dollars and Sense

When are the American people ever going to realize that governments have no money of their own?

The money a government has is that amount it has confiscated from people and corporations by way of taxes and fees. Therefore the phrase "government money" is a misnomer.

Those proposals that call for more government spending to get us out of the economic slump will only exacerbate the problem.

Fiscal responsibility by way of reducing debt, reducing spending and increasing revenue, not through taxes (which will fail) but providing incentives for investments.

The most effective method for increasing revenue would to revamp the income tax codes, both federal and state. Alas, this is politically impossible. $$$$$$$$$$$$$$$$

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