The Daily Southerner, Tarboro, NC

Opinion

March 6, 2013

Tax and spend results staggering

TARBORO — Let’s imagine a married couple going to a financial councilor about their personal financial problems and their meeting goes something like this:

Okay,” says the financial counselor, “You say you’re having some budget problems huh?”

Well, I guess we might,” answers the husband.  “When we try to pay our monthly bills we come up much shorter than what our income is.”

That’s nothing to worry about.  Our government has been doing that for years; use them as a role model.”

Oh, alright,” answered the couple.  “I would like to trade automobiles, my Mercedes is 18 months old now and I’d like to get a new one.”

Don’t see a thing wrong with that.  In fact you might want to step up to a more expensive model.”

How about my BMW,” spoke up the wife? “It’s just two years old?”

Another good idea,” said the financial advisor.  “It would be good for your self-esteem.”

The married gentleman seemed a little nervous and almost stuttered when he spoke, “I’m afraid we’re maxed out on three credit cards and we can hardly pay the interest on them.”

 No problem, I bet if you tried hard enough you could still get three more cards and borrow on them to pay the interest on the other three.”

 The husband still seemed concerned, “You know, we have three children and the first will be due to start college in three years, shouldn’t we do something about their future?”

Of course not…just kick that can down the road.  Let the little buggers take care of themselves.  Why should we worry about kids, grandkids and so forth?  Live for today and to hell with tomorrow.”

 The couple slowly rose from their seats and moved toward the door.  Just before they turned the knob on the door they turned and the wife said, “Well, we do thank you Mister Obama for all of your advice.”

Now, wait a minute, should I really use the above as an analogy on how our president and our government views how our economy should work?  But, has anyone heard the president say anything other than to raise spending and raise taxes to get us out of this recession that’s been going on since the second year he took office.

Oh, but we must realize Obama inherited all this stuff from President Bush. Right?  Oh sure, the Democrats controlled the house and senate the last two years Bush was president.  That’s when the house and senate decided that everyone should own a house regardless of credit rating or income.  Senator (at the time) Obama voted for this bill which brought on the housing crisis.  You’re not doing anyone a favor when you load them up with house payments they can’t afford.

Now we have an over $16 trillion deficit and it’s climbing straight up like a jet fighter plane  with no slowdown in sight.  We also now have the frustration of the Sequestration that was created by Obama and Congress to place automatic cuts in effect.  These automatic cuts would be very tough on the economy and the Republicans said that the cuts should be made, but they should be made in areas that really needed cuts and not in areas that would cause undue pain.  But, politics come into play, not logic.  

The president sees a political opportunity, if he can keep the across the board cuts and not select the needed cuts in areas where there is a lot to gain, and virtually no pain.  Then the pain can be blamed on the Republicans and to heck with who gets hurt.  His answer is like a broken record…more spending and higher taxes.  At the same time he refuses to address the future of Medicare and Social Security.  Best to kick that can down the road.

So, how well has the Obama policies worked so far?  The year after Obama took office (remember he had control of both houses) unemployment rose to 9.3%, It’s now at 7.9%, but there are 8 million individuals who just work part time because their hours have been cut back or because they were unable to find a full-time job.

During George H. Bush’s term in office unemployment averaged 5.18%.  Full employment is considered about 4% because of movement from job to job and because of those who don’t want or need a job.  Our current president seems to think we can tax and spend our way out of our economic problems, but that has never been accomplished in all of history.  It’s kind of like an alcoholic trying to cure his drinking problem by increasing the intake of his whiskey of choice.

 Okay, alright, but how can we cut spending?  Well, we have $150 billion in government duplication and waste.  In fact the Democratic controlled Senate, (that has refused to even summit an annual budget, one of their legal responsibilities) has also defeated an amendment that would prevent the creation of duplicate federal programs.  In other words let’s create more duplication and waste.

More duplication, more waste, more spending, more taxes…Oh happy day, let’s have another drink.

  

1
Text Only
Opinion
  • The legacy of Joe W. Dickens Jr.'s dash

    Joe W. Dickens Jr.
    Sept. 14, 1953 - March 21, 2014
    The above statement is profound in its own way. It signifies the birth and the death of one of the most influential men in Edgecombe Coun

    March 31, 2014

  • LETTER TO THE EDITOR

    On July 28, 911 was called because my husband had a bad headache. I was transferred to communications in Edgecombe County, where I spoke to a female operator. I informed her I needed Rescue because my husband had a bad headache and gave her our address and telephone number.

    September 26, 2013

  • LETTER TO THE EDITOR

    To the Editor:
    Sheriff Knight’s “guys” may have worked hard on the case concerning Melvin Ray Fox, but did they really? Probably not for the sheriff, but for someone else behind the scenes. Not condoning Mr. Fox for his crime, because he should be punished, but not necessarily in the manner of leaving behind his wife as well as his 3-, 5- 7- and 13-year-old children.

    September 10, 2013

  • LETTER TO THE EDITOR

    Concerning the Tarboro High 2013 Vikings football team: They have heart and desire. That was shown Friday night versus Washington. Just like last year’s state championship game, we got behind against a very good team. The Vikings didn’t quit even though they had several injuries throughout the game.  Right up to the last minute we had a chance  but, things didn’t go our way.

    September 5, 2013

  • LETTER TO THE EDITOR

    To the Editor:
    It appears Mr. (Garland) Shepheard is shaking up things in our fair city according to a recent Daily Southerner article. Hurrah for him. This citizen, for one, believes the status quo needs a little shake up.
    I don’t know if Mr. Shepheard is disrespectful with his words and/or
    actions at council meetings or not. I don’t attend them any longer. It isn’t that I don’t care that some residents may suggest.

    September 4, 2013

  • LETTER TO THE EDITOR

    To the Editor:
    Having just recently read the front page article in The Daily Southerner regarding Councilman Shepheard’s issues with the Tarboro town manager, I was left with more questions than answers.
    The article states that  Mr. Shepheard’s reasons for not voting in favor of extending the town manager’s contract had to do with “deplorable conditions of three town facilities, Thornton’s hiring practices and giving the council what he said was false information.” That’s it.  That’s all the information we were given.

    September 2, 2013

  • LETTER TO THE EDITOR

    To the Editor:
    So who are you Mr. Allen Dennie Jr.? I have never heard of you. I have tried to find your voter registration on the North Carolina State Board of Elections website and I can't find it.
    Somebody said that you have an impressive resume. I say and ?
    But what I find interesting is the following. Mr. Dennie the current Sheriff is the following: "The sheriff of any county should be a person who has a personal interest in the citizens that work live and visit their county,"

    August 18, 2013

  • LETTER TO THE EDITOR

    To the Editor:
    I am glad that opinions are being expressed regarding my actions at the Town Council meetings,  both by Mr. Walker and Mr. Wooten.
    It is my intention to expose the concerns expressed to me by the taxpayers of Tarboro, and when I find something that causes Tarboro not to be the Town we can all be proud of, I will speak up. I was told by people in Ward 8 when I ran for this office not to be like the rest of the Council and I expressed that to the members. The problems that exist in Tarboro should not have to be aired in public or at the Town Council Meetings and there should not be any discord.

    August 18, 2013

  • LETTER TO THE EDITOR

    To the Editor:
    I am writing out of concern about disc golf. We as a town need to consider projects that have been given to (parks and recreation director) Cheryl Gay before this disc golf came along — like a walking trail at Clark Park, repairing the bathrooms, making sure the playground equipment is up-to-date and finding out what happen to the lights on the baseball field before we find money for disc golf. The town needs to consider what we been discussing in these last couple of meetings about recreation. I would love to see the Clark Park baseball field turned into a kickball field, which is a sport that everybody knows how to play, before you consider disc golf.
    Greg Higgs,
    Tarboro

    August 15, 2013

  • LETTER TO THE EDITOR

    To the Editor:
    Monday night at the Town Council meeting (Aug. 12, 2013), I witnessed some the most disruptive,vitriolic and asinine behavior that I’ve ever seen, in the person of (Ward 8) councilman Garland Shepheard.  For several months, his behavior has grown progressively worse and it seems to embolden him to waste my time, the time of the other council members and the time of other citizens who care enough about Tarboro to attend council meetings.

    August 15, 2013