I got a tweet this morning about China buying less of our debt ( http://nyti.ms/eMn2RH). The first thing that came to my mind was why do we need China to buy our debt. I can not help but think how this country came together during WWII to pay its way out of debt and depression. However, we have sat here and insisted on fighting two wars with a tax cut.
At what point do we wake up? Why did we not call the bluff of those who held UE benefits hostage until the 2001 tax cuts were extended? Please know I am from Mississippi and living here forces one to deal with reality. My reality is I shall live with or without UE benefits. What I or others on UE will do to survive I can not say but I know life always finds a way to prevail. What I know about reality is as follows: If I quit my job, stop buying clothing, stop buying food, stop buying toiletries, I still shall not be able to pay my mortgage for I shall still have no income . That is how I see reality.
If the 2001 tax cuts were sustainable then why were they not made permanent in 2001? If the 2001 tax cuts created jobs then why so many not working? Reality for me forces me to see things differently than other patriots. I see it as my duty to future generations to pay off this needless debt we have incurred. I see it as my duty to put aside my differences with other citizens and work to stabilize this nation financially. We one and all should be spending every dime we can find to buy back our securities from China. We should not continue to expect China to support our wild credit sprees.
When do we awake? The people in Europe are marching day and night over the fiscal irresponsibility of their governments. What does it take to wake us from our deep self-serving slumber? Take note China has agreed to persecute those caught infringing on our intellectual property rights. China is about to make a move to be the Superpower. I am not mad at China. Let them be the Superpower. I am upset that we are not taking care of ourselves. We are whimpering and whining over paying our bills. Take it from me. My personal finances got into a huge mess when I played the poor me card. However as I became empowered from within and started working to pay down my debt, I sleep better at night.
http://crooksandliars.com/susie-madrak/study-bush-tax-cuts-cost-more-twice-m
http://www.thedailybeast.com/blogs-and-stories/2010-07-27/bush-tax-cuts-and-the-gops-deficit-hypocrisy/
http://krugman.blogs.nytimes.com/2005/10/18/the-bush-tax-cuts-and-the-deficit/
At what point do we wake up? Why did we not call the bluff of those who held UE benefits hostage until the 2001 tax cuts were extended? Please know I am from Mississippi and living here forces one to deal with reality. My reality is I shall live with or without UE benefits. What I or others on UE will do to survive I can not say but I know life always finds a way to prevail. What I know about reality is as follows: If I quit my job, stop buying clothing, stop buying food, stop buying toiletries, I still shall not be able to pay my mortgage for I shall still have no income . That is how I see reality.
If the 2001 tax cuts were sustainable then why were they not made permanent in 2001? If the 2001 tax cuts created jobs then why so many not working? Reality for me forces me to see things differently than other patriots. I see it as my duty to future generations to pay off this needless debt we have incurred. I see it as my duty to put aside my differences with other citizens and work to stabilize this nation financially. We one and all should be spending every dime we can find to buy back our securities from China. We should not continue to expect China to support our wild credit sprees.
When do we awake? The people in Europe are marching day and night over the fiscal irresponsibility of their governments. What does it take to wake us from our deep self-serving slumber? Take note China has agreed to persecute those caught infringing on our intellectual property rights. China is about to make a move to be the Superpower. I am not mad at China. Let them be the Superpower. I am upset that we are not taking care of ourselves. We are whimpering and whining over paying our bills. Take it from me. My personal finances got into a huge mess when I played the poor me card. However as I became empowered from within and started working to pay down my debt, I sleep better at night.
http://crooksandliars.com/susie-madrak/study-bush-tax-cuts-cost-more-twice-m
http://www.thedailybeast.com/blogs-and-stories/2010-07-27/bush-tax-cuts-and-the-gops-deficit-hypocrisy/
http://krugman.blogs.nytimes.com/2005/10/18/the-bush-tax-cuts-and-the-deficit/
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