by D-Source

Created on: January 09, 2009

One of the most important concerns we, as United States Citizens, should have; is the size of the deficits. However, it is important to keep everything in perspective. Of-course it feels good to be able to look at everything in life, business, government and finance, etc., in black and white. Wouldn't it be wonderful if we could simply say "Yes, we definitely need to do that" or "No, definitely not that"? Unfortunately, there are many things in life, business and almost every thing you can think of that has gray areas.

You have all heard that there is a time and place for everything. Well, there is. When deciding what to do about anything, we have to consider the who, what, where, when, how and any other consideration that may arise or be relavent. How the government should spend tax payer money is no different. There are two primary economic theories: Spend Heavily or Tighten the Budget. Most everyone agrees that to do nothing, is not an option. If you ask people on both sides, you will hear two different colors, if that is possible. From one side; you will hear the absense of all color, which is black and from the other side; you will hear the combination of all colors, which is white. But my theory is that there is much more of a neutral color required than either side thinks.

Sure we need to watch the deficits, but lets not watch them so hard that we take our eye off the ball. We must not let the continual bleeding of jobs go on. We must also do someting about the nose dive of Real Estate Values. People need equity in their homes and that will not appear magically. It will take rising home values and time for people to pay down principles. But they don't have time because foreclusure is right around the corner. It will take tax payer money to stop the huge Foreclosure Rate, which is creating a surplus of underpriced homes, which is reducing the demand, which is pushing down the property values. This, of-course, is eliminating the equity in peoples homes, thereby making it impossible for many people to borrow money to consolidate their high interest credit card debt, do home improvements, or consume, which is killing the economy. Whoops, there goes watching the deficits.

I don't think that taking billions of dollars out of the tax base to give everyone a $500.00 tax break is worth much, because many people will buy drugs, many will save it, many will spend it on foreign goods and it will be gone in a puff of smoke. Poof! I think that it will feel good to all

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