National Debt Increase

It seems to me…

First of all, let me say that I believe BOTH political parties are equally at fault for our current financial problems and national deficit.

When Bush became President, our nation was running a budget surplus.  He immediately requested tax cuts instead of paying down the national debt.  He then started TWO wars (only one of which was justified) but never requested a tax increase to pay for either of them.  Instead, even though the economy was already slowing down, he requested a second tax cut.  I’ve always been told that when you find yourself in a hole – stop digging.  The theory of trickle-down economics has long been discredited.

When Federal Reserve Chairman Alan Greenspan recommended a possible tax cut on 25 Jan 2001, Congress apparently did not hear that he also recommended a “short-circuit for the tax cuts if targets in the surplus trajectory aren’t hit”.  Not only were they not hit, the Bush administration spent $11.4 trillion on two wars, expanded Medicare, and cut taxes a second time in spite of an obvious increasing deficit and economic recession.

Cheney, Rumsfeld, and Wolfowitz subscribed to the conservative philosophy that the best way to eliminate welfare programs was by “Starving The Beast[1]”– cut taxes and create a national debt sufficiently large so as to justify elimination of the Social Security, Medicare, and other welfare programs to which they were opposed.  This has been well documented by a number of well-known economists including Paul Krugman.

The Republicans initially responsible for the ill-advised tax cuts that caused the deficits, now are refusing to not only rescind those tax cuts, they are attempting to push blame off on to Obama and the Democrats.  In our current national budget debate, it is the Democrats who are attempting to defend our rights under Social Security and Medicare without tax increases –by rolling back tax reduction on the wealth and closing tax loopholes which allow large profitable corporations to pay extremely low taxes or not to pay any taxes at all.  I personally do not like any of the possible “compromises” being considered.  What I actually would prefer can be found at https://lewbornmann.wordpress.com/2011/07/01/no-quarter/ but accept there isn’t any way it would be accepted.  No one likes taxes but when you realize our current tax rate is the lowest it has been since 1970 back before Reagan was elected President and that our taxes are the lowest of any industrialized country in the world, we probably are not getting that bad a deal.

I do not believe in a free lunch and like some of the things taxes provide: Social Security, Medicare, education, police and fire, roads…  I believe what Tea Party conservatives are demanding would be disastrous for our country and eventually result in our decline as a major world power.  A refusal to debate and compromise by either side is unconscionable.  These issues need to be resolve in a fair and balanced manner that encourages maximum development of our country’s innovative potential.

That’s what I think, what about you?

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About lewbornmann

Lewis J. Bornmann has his doctorate in Computer Science. He became a volunteer for the American Red Cross following his retirement from teaching Computer Science, Mathematics, and Information Systems, at Mesa State College in Grand Junction, CO. He previously was on the staff at the University of Wisconsin-Madison campus, Stanford University, and several other universities. Dr. Bornmann has provided emergency assistance in areas devastated by hurricanes, floods, and wildfires. He has responded to emergencies on local Disaster Action Teams (DAT), assisted with Services to Armed Forces (SAF), and taught Disaster Services classes and Health & Safety classes. He and his wife, Barb, are certified operators of the American Red Cross Emergency Communications Response Vehicle (ECRV), a self-contained unit capable of providing satellite-based communications and technology-related assistance at disaster sites. He served on the governing board of a large international professional organization (ACM), was chair of a committee overseeing several hundred worldwide volunteer chapters, helped organize large international conferences, served on numerous technical committees, and presented technical papers at numerous symposiums and conferences. He has numerous Who’s Who citations for his technical and professional contributions and many years of management experience with major corporations including General Electric, Boeing, and as an independent contractor. He was a principal contributor on numerous large technology-related development projects, including having written the Systems Concepts for NASA’s largest supercomputing system at the Ames Research Center in Silicon Valley. With over 40 years of experience in scientific and commercial computer systems management and development, he worked on a wide variety of computer-related systems from small single embedded microprocessor based applications to some of the largest distributed heterogeneous supercomputing systems ever planned.
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2 Responses to National Debt Increase

  1. http://usdebt.kleptocracy.us/

    Taxes have to be raised. I hate paying them, but I sure like what they pay for.

    • lewbornmann says:

      American people have consistently stated, in poll after poll, that they want wealthy individuals and large corporations to pay their fair share of taxes. They also want bedrock social programs like Social Security, Medicare, and Medicaid to be protected. For example, a July 14-17 Washington Post/ABC News poll found that 72 percent of Americans believe that Americans earning more than $250,000 a year should pay more in taxes.

      In other words, Congress is now on a path to do exactly what the American people don’t want. Americans want shared sacrifice in deficit reduction. Congress is on track to give them the exact opposite: major cuts in the most important programs that the middle class needs and wants — and no sacrifice from the wealthy and the powerful.

      Is it any wonder that the American people are so angry at what’s going on in Washington?

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