Monday, February 14, 2011

Spend to Save?

PayoutImage by be OH be via Flickr
AP - President Barack Obama is sending Congress a $3.73 trillion spending blueprint that pledges $1.1 trillion in deficit savings over the next decade through spending cuts and tax increases.
Excuse me? Spend $3.73 TRILLION to save $1.1 TRILLION over 10 years!? 
#1. Unless the plan is to limit and or cut entitlement programs no control is real or sustainable.
#2. Raising taxes will only hurt those who pay the taxes which ALWAYS turns out to be the middle classes (=me, you). 
#3. Sending money to the federal government to dole out back to the states is just a massive money laundering operation and waste of tax payers money.
#4. When a politician (whatever the party) says investment what they mean is payout to a group of people to ensure they will get re-elected.

The facts of life are that money spent is money gone or money owed and savings is only savings if it is actual money in an actual place.

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