The approaching December deadline for finding Congressional budget
agreement challenges the political lemmings rushing toward the edge to
balance the federal budget. That would require a cold turkey Popeye
Doyle breaking the heroin addiction as in The French Connection 2-such a
'bite the bullet' or 'no pain, no gain' approach isn't fashionable
these days in Washington D.C.
In 1994 litigation brought the
Alaska Pulp Corporation Wrangell Alaska plant to close permanently. It's
good times rolling days of 500 billion board feet of old growth rain
forest harvested annually came to an end. Senator Kerry spoke on Alaska
Public Radio and informed the people of Wrangell that they would need to
'bite the bullet'. That advice might be needed now for the nation to
raise taxes on the middle class and rich and cut federal spending.
If
a recession follows the prosperous and middle class will let the bulk
of the negative experience fall on the poor-yet President Obama's health
care bill also is designed for middle class sedentary comfort rather
than to provide health care to the transient poor. During a recession
the rich and middle class just need to cut back a little on luxuries, or
forgo that 75,000 dollar Mt. Everest guided climb that could pay for 35
round trip airfares to India itself if one could content oneself with
currie and rice in Dehli.
Fundamental higher tax rates and cutting
of federal spending to pay down the budget is
the no frills straight
ahead fullback off-tackle plunge up the gut-and its probably the most
realistic way to man to man bully the public debt into defeat and let the nation have a future of freedom instead of being owned by the Chinese.
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