Sunday, January 18, 2009

Let's revive the economy!

Hey, here's an idea. If we can revive the economy with a combination of billions of dollars of stimulus packages, bailouts, and tax cuts, why don't we just take it a step further and do away with taxes altogether? The government obviously has some magic money pot they're tapping to do all this, so wouldn't it help more to give everyone a big boost in disposable income (well at least the 65% of Americans that actually pay any taxes). Well a day of reckoning will have to come. The mentality is not right - it's like the vast throngs of people who want to lose weight by doing anything quick & easy, rather than embracing proper diet & exercise. Stimulating more spending just masks the real issue and prolongs the recovery. I think the answer is for everyone (including the government) to right their own financial situations by controlling their spending and reducing their debt, then the economy can get back on its toes and start growing again in a sustainable manner.

2 comments:

Alex said...
This comment has been removed by the author.
Micah and Alison said...

well said! I like your "diet" analogy.... that makes sense to me :)