Treasury Secretary Timothy Geithner was trying to relieve a lot of peoples anxieties yesterday in DC. Its nice to know that former Fed Chairman Alan Greenspan was putting the ditto on Geithner's sentiments. ( http://www.cnn.com/... )
I have grown to learn to trust the forcast of Greenspan over the years. Don't get me wrong, I like Geithner, but I'm still learning to trust. But if you know me at all, you know I can dig what the Treasurey Secretary was talking about yesterday. This is the kind of stuff we need to hear about the economy...*upbeat economic indicators*. And I even overheard Arizona Senator John McCain (remember him, Palin's partner) giving the Prez some props on the affect of the Stimilus Package. I had to do a double take on that one because I know how McCain had opposed it in the beginning. But at least McCain isn't one of those BLOCH lying machines, he's able to give credit where credit is due.
The Stimulus Package does deserve credit, too. Its not the sole factor for the dying US Economy's slight pulse at the moment, but its a positive force in making us healthy. But like Geithner chided us yesterday:
"We will not get this economy back on track, recovery will be not strong and sustained, unless we ... can convince the American people that we're going to have the will to bring these deficits down once recovery is firmly established,"
Geithner also wouldn't acknowledge that there wouldn't be a need for higher taxes in the future. If we have to get the deficit down, then I can't understand why my plea for some investment into this nation through very small percentage of increases in personal income taxes (and Corporate by the way) is made out to be so evil. Well, we've talked about this before, so on and on...
But if I hear another person at my job standing at the water cooler here in depressingly hot Phoenix, Arizona bemoaning the fact that they feel so sorry that our children are going to face an undue burden because of the nation's spending today then I'm going to fall out. And get ready to catch me, because I'm here smack in the middle of the Neo-Con Capitol of the country. If you don't want your children to be burdened, then why don't you solve the deficit for them? We're the ones who caused all this need for spending and over the years paid reduced amounts of taxes while we spent to the limits far beyond our incomes. Especially in the Phoenix Valley area where mortgage defaults are amongst the nation's highest.
If we want to curb the problem before it gets to our kids, then invest in the nation by paying additional taxes for a while. Lets get it sorted out first, then we'll review our progress. There is a season for everything. Greenspan also talked about a Value-Added Tax again, sayng this might be the least worst solution. There is no doubt that will cause a rise in consumer prices because the corporate entities always pass along value-added taxes to consumers, its too easy. But it does raise revenues and thats what needs to be addressed.
Still, people. I don't know why we as a nation can't get together and put out a little extra for this country. We're not talking about a lot, and it sickens me that the Republican Party Pets (aka Big Business) have to punish the people for every penny that they spend from doing business in this country. For once can't we just invest in the people, for the people, and by the people?
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