Sunday, December 5, 2010

Thought of the Week

I find it extremely difficult to believe that the newly elected Republicans, along with their incumbent cohorts, in the House and Senate expect us to go along with their plan to extend tax credits to those who make more than $250,000 per, to a cost of 800 billion of the tax payers dollars, while only adding to the federal deficit that they claim they want to balance.  As if that wasn’t enough of a kick in the shorts, the Republicans are desperate to flex their ideological muscle by imposing the ever so trendy austerity measures that are being implemented in Western countries such as Great Britain, France, Greece, Spain, Germany, etc., etc.

Now, I am no economists: but I do keep myself informed well enough to know that we, the public tax payer, bailed out private sector banks to the tune of a lot of money, and are now having public funds cut in favor of 800 billion dollars of our tax dollars to re-invest in the private sector? So our reward for bailing out the banks is to have public services cut?  Does this sound miss-guided to anybody else?
Just a thought…