"Saddle Up" before it's too late for America!

Traditional American Conservative Values
and the American Constitution

The National Debt

Cowboy Patriot, Buffalo, Wyoming, USA ∙ e-mail: comments@cowboypatriot.com


About Cowboy Patriot

The Constitution

American Problems
The national debt is what, $18 Trillion and rising rapidly?  This is largely due to wasteful and unnecessary government spending, massive public union benefits, and other lavish practices.  Fraud, waste and abuse are so rampant in the federal government, that it can't even be adequately policed.  Each year, there are billions of dollars in Medicare fraud alone.
We can probably agree that both political parties share some responsibility for the national debt, but the conservatives seem to be the only ones advocating much less spending.  With a staggering $16 trillion in debt, the democrats won't even agree to cut what comparatively amounts to piggy bank change.
Sure, we could raise the tax on the rich, but the government would also waste that with its atrocious spending practices.  And experts say that additional revenues from taxing the rich would fund the federal government for 8 and a half days.  What a ridiculous idea.
There are even greater far-reaching problems with taxing the rich.  As the Republicans proclaim, the rich are job creators and hire less employees if they are taxed too much.  I expect that is true overall.  But there is another problem with taxing the rich that even the republicans fail to use:  People and companies making over $250,000 per year are also make up the majority who provide most of the products and services that we all buy.  Taxes are a cost of doing business, and if the cost of doing business increases, prices of those goods and services are likely to rise as well.  So who ends up paying for those higher taxes?  We all do!!!  It's like the morons who advocate raising the price of and taxes on diesel fuel because heavy trucks cause more damage to highways.  Almost everything we all consume is delivered by truck.  Do you want to pay $15.00 for a loaf of bread?

Chances are the company producing the loaf of bread, the company producing the packaging for that loaf of bread, the transportation company delivering the loaf of bread and the food chain selling the loaf of bread will all fall under higher taxes for incomes of $250,000 or more.  What does that do to the price of that loaf of bread?  I have a Bachelor's degree in Economics and an MBA, but I don't need either of those to figure this out.

It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world.

...Thomas Jefferson