I’m Willing to Have the Recovery Start with Me, Are You?

One of the universal truths is that no one wants to pay more in taxes. A second universal truth is that most of the people who are vocal in the news on this subject support tax increases on somebody else in society besides themselves or cutting spending on programs that don’t personally affect them or their livelihood.

I understand these sentiments, but feel we need to move beyond this if the U.S. is going to correct the deficit problem we’re facing.

We’ve come to a point with the deficit and our economy where something needs to be done. Unfortunately, congress seems to think that we can fix the problem with a combination of lowering taxes and raising expenditures.

I believe that we all have a responsibility to educate ourselves on the realities our country is facing instead of polarizing this serious issue because of politics. This is why I suggest you put aside 45 minutes or so and watch this video entitled “Where We Are, How We Got here, What May Be Next” by KPCB.

USA Inc. - Where We Are, How We Got here, What May Be Next from KPCB on Vimeo.

This nonpartisan presentation explains the U.S. economy as if it were a business and presents ideas on how to solve the deficit problem. One of the interesting facts is that expenses have exceeded revenues in the U.S. for forty of the last forty-five years. So both sides of the aisle are culpable for the deficit.

I don’t have all the answers, but I know that to fix the deficit problem that all of us will be affected with a combination of tax increases and federal spending cuts.

As Andy Stanley said, I’m willing to have the recovery start with me, are you?

 

Comments

[Cfo Services]

I'm with you; I would be willing to pay a bit more. Truth is that we all could use the money; however, if we all pitch in a little bit perhaps we can offset this deficit.