From The Middle

ECONOMY???

If it were not for Math and Science I could have been an “A” student all the way through college.  However, over the years I have learned some basics:

1. 1 + 1 = 2.  1 Billion + 1 Billion = 2 Billion.  1 Trillion + 1 Trillion = 2 Trillion.
2. Through my mistakes, I have learned that you can only spend as much money as you take home.  Anything more puts you in debt to someone else – you are beholding to them.
3. If you take on more debt than you can pay back, you will end up bankrupt.  That means your credit and good name are worthless for about 7 years.

The Merriam-Webster online definition of “Economy” is:

1 archaic : the management of household or private affairs and especially expenses
2 a : thrifty and efficient use of material resources : frugality in expenditures; also : an instance or a means of economizing : saving b : efficient and concise use of nonmaterial resources (as effort, language, or motion)
3 a : the arrangement or mode of operation of something : organization b : a system especially of interaction and exchange <an economy of information>
4 : the structure or conditions of economic life in a country, area, or period; also : an economic system

Apparently our elected Senators and Representatives, led by our President, have never learned any of the above – they apparently failed math.  They are in the process of passing a $1.1 Trillion spending bill for next year, not including the $626 Billion defense spending! According to the December 10, 2002, AARP Bulletin, there are 156 million wage earners in our country.   That means that it will cost each wage earner $11,064 next year!  The median wage in the U.S. is $27, 590.16.   That means a tax burden of 40% – $0.40 of every dollar you make will have to go to the government.

This spending bill, which is 1,088 pages long, includes:

1. Spending increases of 10% to a number of programs under the control of Congress;
2. 5,224 pork barrel “earmarks” totaling $3.9 Billion, most of which have never seen the light of day in any kind of hearings;
3. A pay raise for federal workers; and
4. Has not been read by the majority of those voting on it.

On top of this, they also want to raise our debt ceiling – make it legal to borrow more money from China and other countries who will hold the “mortgage” on our country.  That will also increase our interest payments – on top of the above.

OK, I barely passed math, but even I can see that this does not add up.  Just how stupid do they think their constituents are?  Do they even care?

If this does not add up to you either, what can you do about it?  You can call your elected representatives and ask if they voted for this or not (or, if they even read it).  If they did, do you want them to continue in office?  If not, at a minimum, make sure you vote against that person the next time they run.  Or, do something like contribute time and/or money to their opponent (after making sure they pledge not to do the same thing).

One Response to “ECONOMY???”

Comment from JohnV
Time May 9, 2010 at 9:45 pm

Join a Tea Party. I hope we can fix some of what was rammed down our throat. With a majority THEY still had a hard time passing some of this garbage. That should tell you how bad it is.
Please shrink the govt.