Everybody line up and put your hand out to get a piece of the federal pie that seems to be falling from the sky since there are no revenues backing the spending. The new administration is already priming the public for huge deficit spending and enormous national debt growth. They can't even agree on how huge this package is going to be or if it is going to be a one time thing or an ongoing cycle of deficit spending. They say once again that it is urgently needed, so we don't have time to peek under the hood to see if this car even has an engine. This was the same argument we saw a few months ago before $350 billion disappeared with zero accountability.
Plus, we want to monkey with the revenue stream to ensure that we have zero clue about how much we will be taking in, so we will have absolutely no way of possibly figuring out how badly we are driving this country into the ground. Instead of maintaining the current tax system, Obama wants to tax the crap out of the people that create jobs and give a break to people that already hardly pay anything in taxes. This is the nightmare we were warned about during the election cycle. So, you tax the crap out of the job makers and investors, which does what to the revenue stream? History shows us that will reduce the revenue stream, which is not a good thing when you are spending an extra trillion that you don't have.
A better plan would be to maintain the current tax system, cut spending, start paying off the national debt, and end the bailouts. This is the simple advice of any personal financial consultant you can find. You would have to be out of your mind to increase spending, monkey with your income and run up even more credit cards, which is exactly the Obama plan. If America wants to get healthy it needs to look in a new direction and away from the federal government for the answer to every problem. The ideas of work harder vice smarter and throw money at it have gotten us to this place. We need to turn this around and start working smarter and stop bleeding federal dollars. At this pace the dollar won't be worth the paper it is printed on and then what?
I know you all have some great opinions on this whole mess, but I've got tell you that unless we stop the great American give away nothing good is going to happen.