Taxation and Social Responsibility

Ah, my first contribution to the Conservative Reader.  I hope my effort is worthy of this site.  I hope I can remember my training from last night.  I hope I don’t come off sounding like a fool, or worse yet, like a pompas ass, but then again, how would anyone know the difference.

In the March 17, 2008 edition of Fortune, Geoff Colvin described a situation that is rearing it’s ugly head and that no one wants to talk about.  The subject was Medicare and in the opinion of many, including Alan Greenspan, this one issue will do more to negatively impact the American economy than the current credit crisis, than the war in Iraq, than $100 a barrel oil, than the trade or budget deficits.  The estimate:  regardless of who the next President is, Medicare Part A will go cash-flow negative, “and it’s downhill from there”.  In fact, it was suggested that by 2070, Medicare, Medicaid and Social Security “will consume the entire federal budget”.  Yikes!

We can examine how we got there, but that’s not likely to be very helpful.  We can blame FDR, LBJ, GWB, and any other initials you can think of for this mess.  The issue, as I see it, is more fundamental than that.  It’s a question of personal responsibility.  Somewhere along the line, our populace has become conditioned to accept the notion that they aren’t responsible for anything!  Retirement?  Not my responsibility, that’s what Social Security and corporate pensions are for.  Personal health?  Why do I need to diet and exercise?  Jobs moving to Mexico?  Blame it on illegal immigration!  (How that makes any logical sense is another subject altogether.)

Here are some simple facts.  We have a fiscal budget deficit in this country that should be corrected.  Social security, as we know it, must change in order to become anything other than just another income redistribution process.  Either mandatory retirement ages must increase, contributions must increase (taxes), or payouts must decrease.  Is it any wonder no politician wants to touch this?  Now, Mr. Colvin tells us Medicare is a “$34 Trillion Problem”.  Someone please explain to me how taxes are NOT going to increase!

The federal goverment is the only entity I know of that can operate in La-La Land.  Every other organization must either have revenues greater than expenses, otherwise it’s insolvent.  Which politician is willing to cut federal expenditures (never mind which ones) in order to keep taxation the same and balance the budget?  Which politician is willing to get rid of Medicare, or Social Security and begin to retrain the masses that it’s not government’s responsiblity to take care of them?  Didn’t anyone learn from the collapse of the Soviet Union?

So of the three candidates that remain standing, none of them are willing to give us the bad news.  I wonder when our next President will come forth with the announcement.  Or will he/she keep pretending?  Or will the solution be to increase taxes on the rich, thereby stifling investment and creating yet another recession?  God, give us a leader!  Give us someone with the chutzpah to tell it like it is!  I fogot, no one with that level of courage would ever be elected, and isn’t that the sad truth?

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  1. Art Smith | Mar 25, 2008 at 1:52 pm | Reply

    Welcome, my friend, and good words to initiate your tenure here!

  2. nnia | Apr 1, 2008 at 7:27 pm | Reply

    A mathematical possibility?

    Rick Sloan, Communications Director for the International Machinists and
    Aerospace Workers Union, today emailed this scenario to the media:

    1247 Delegates: Hold on to the 1247 pledged delegates HRC has amassed since
    January 3rd

    1497: Maintain the support of the 250 super delegates who have endorsed her
    candidacy already

    1648: Add 151 pledged delegates to her total with ten point wins in
    Pennsylvania, West Virginia, Kentucky and Puerto Rico

    1860: Add another 122 pledged delegates by winning or placing a close second in
    Guam, Indiana, North Carolina, Oregon, Montana and South Dakota

    2046: Seat the Florida and Michigan delegations adding 186 pledged delegates to
    her total

    2095: By seating the Florida and Michigan delegations, she gains 49 uncommitted
    delegates or super delegates

    2215: Secure the votes of 120 of the 330 remaining super delegates to surpass
    the 2208 delegates to be nominated

    — Rick Sloan, International Machinists and Aerospace Workers Union [Note: If
    Florida and Michigan delegates are counted — as Sloan does in the above
    scenario — the winning number grows to 2,208]

    I say we are going to WIN!
    **********************************************

  3. nnia | Apr 1, 2008 at 7:33 pm | Reply

    As a conservative, I am sickened by what Obama stands for. There is now way we can allow him to win in November.

    The more I read about him, the angrier I become. Today, I read about him on http://www.obamaunveiled.com and got even angrier.

    He is getting a free ride and that must stop!

    Shame on you Obama!

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