National Debt

It should be no surprise that our nation has a serious financial crisis. Never before has this country gone to war without raising taxes to pay for it. The cost, in monetary terms alone, is currently over $3 trillion. It is being funded by debt. Yet, Congress only sees "cuts" as the way to pay for the war debt. As everyone knows, you can't cut your way to financial solvency. You also have to increase revenue. The top 25 hedge fund managers each made over $1 billion last year. Yet they paid little, if any, income tax. During the Eisenhower years these people would have paid 90%. Even at that rate, they'd still have $100 million left. Most of us could make it on that.

It's a myth that the richest create jobs. The richest typically send their money overseas for investments, or to hide it. Yet, the richest apparently control our government because they've convinced the politicians that they can't survive on $100 million.

If our politicians were truly for WE THE PEOPLE, they would listen to the 98% of us who aren't the richest. They'd not only roll back the Bush tax cuts for the richest, they'd roll back the Reagan tax cuts as well. They'd close tax loop holes, stop subsidizing corporations and stop giving tax incentives for moving jobs off shore. They'd look at the nation's income statement before going to war.

A country run on debt will soon be bankrupt, and like war, the people at the bottom will suffer the most.