Somebody needs to give Congressional Republicans a lesson in accounting. Newsflash guys, a balance sheet has two sides, just like your warped brains.
If the US Department of the Treasury could get a nickle every time a conservative governor or legislator says, “We have a spending problem, not a revenue problem,” then we wouldn’t have any problems.
Of course we have a revenue problem. The economy fell off a cliff, which it seems to do once every decade, and it’s coming back, however slowly.
Less cash changing hands means less taxation and fewer resources for the government, the church, the grocer and Bill Gates, who by the way didn’t become a billionaire by not spending money. As the tired cliche goes, it takes greenbacks to make greenbacks.
And while I’m not saying government is in the business of making money, it is in the business of providing goods and services in return for all these bloody taxes and fees we pay.
The trick is not wasting the people’s hard earned tax money by letting Mr. Gates only pay social security taxes on the first $125,000 he makes every year or failing to means test Medicare or subsidizing oil exploration in the gulf. Why can’t I pay social security taxes on less than 1 percent of my annual income?