Something I wrote earlier today to an email list:
The reason why I have some alignment with the Tea Party is because
with all of the government spending, we are destined to burden our
children with the debt being amassed under our watch. For those of us
who have been in serious debt and have worked our way out of it, I
view the use of the word enslavement as being appropriate.
When I had serious credit card debt, and realized that paying what I
thought was a lot, was really paying a few dollars over the credit
card interest and fees, I felt like a slave. What are we doing to our
children?
In Maryland, when O'Malley gained office, the first thing he did was
spend down the rainy day fund to the legal minimum. He then gave
raises to people in his cabinet. This was despite the fact the
outgoing governor said there was a multi-million dollar structural
deficit coming.
The next year, O'Malley kept up the spending spree along with the
state assembly. He said he "cut" government by not filling open
positions but filling new positions. They then has a "special session"
to cover the debt where they raised the sales tax and put slots on the
next election ballot. They also used one year inflows into the
government from the federal government to hide the deficit.
This year? No new taxes, but again the budget included one year
inflows from the federal government. Now, ALL state legislators are
saying they are going to have to "revisit" the budget next year --
AFTER THE NEXT ELECTION CYCLE -- and that "deep cuts" and "revenue
enhancements" will have to be a part of the "discussion." This means,
they are going to raise taxes.
This is happening on the federal level only it is much much worse. And, seriously, I
wonder, and fear, the idea that future tax increases as well as the use of "fees" and other
things, will negatively affect my living standard just because I'm
"wealthy", whatever arbitrary level that is.
The AMT is unfair and will hit the middle class hard. The
congress-criters know it and don't do anything to seriously revamp it
because they depend on the money the AMT brings in.
This CAN'T continue. Greece is our future.
And I haven't even mentioned Social Security going into the red much
sooner than estimates given, or the under funding of pensions, or the
under funding of the government pension insurance, or...
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