Steve GannPork Barrel vs Earmarks vs Entitlements
April 27th 2009 12:36
I helped organize one of the tea parties on April 15th not because I am bitter that Obama won, truth is I wasn't very keen on McCain either. The reason I protested was that both parties seem content on bankrupting our country by bailing out the very people who created the housing bubble and by growing the government at levels never seen before.
Pork projects are apart of this growth but honestly only represent 1% of the total budget. As far as earmarks go not all are bad. Some keep local governments from seeing the federal money as a blank check and diverting the taxes to other more selfish uses.
A bigger problem is that more and more money is going to be tied up in entitlements. Unlike tax hikes and annual budgets these never go away. In ten years the budget in California has doubled.
So what is the talk in California? Raising taxes. Will it work? History says no. Look at cities like Newark, Philadelphia, Detroit, and St. Louis all of these cities have lost half of their population in the last fifty years because of high taxes. What happens is that the people who can afford to leave these high tax cities and states have a mass exodus and you have a dwindling tax base to take care of those that don't pay taxes. It hurts those that can't leave more.
Now the federal government is taking the same page from these failed experiments, and while residents usually won't move out of the country they will work less and invest less if half of their earnings are going to taxes.
The solution? Our politicians have to do the unthinkable, what families and businesses do. Cut their spending. Something I don't see happening
So with the federal government playing Santa Claus to banks and large corporations, the baby boomers are set to retire in less than ten years. This adds more stress and takes away more of the tax base.
We need to reject the wasteful spending even if it is in our own backyard.
Join me in the fight to save our country for the next generation.
Pork projects are apart of this growth but honestly only represent 1% of the total budget. As far as earmarks go not all are bad. Some keep local governments from seeing the federal money as a blank check and diverting the taxes to other more selfish uses.
A bigger problem is that more and more money is going to be tied up in entitlements. Unlike tax hikes and annual budgets these never go away. In ten years the budget in California has doubled.
So what is the talk in California? Raising taxes. Will it work? History says no. Look at cities like Newark, Philadelphia, Detroit, and St. Louis all of these cities have lost half of their population in the last fifty years because of high taxes. What happens is that the people who can afford to leave these high tax cities and states have a mass exodus and you have a dwindling tax base to take care of those that don't pay taxes. It hurts those that can't leave more.
Now the federal government is taking the same page from these failed experiments, and while residents usually won't move out of the country they will work less and invest less if half of their earnings are going to taxes.
The solution? Our politicians have to do the unthinkable, what families and businesses do. Cut their spending. Something I don't see happening
So with the federal government playing Santa Claus to banks and large corporations, the baby boomers are set to retire in less than ten years. This adds more stress and takes away more of the tax base.
We need to reject the wasteful spending even if it is in our own backyard.
Join me in the fight to save our country for the next generation.
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