Tuesday, June 23, 2009

The Deficit

Who's "fault" is it? Who really cares, given no one cares (when they're in power). Most of the problems with the budget are "our" fault, in my opinion. Most (if not all) of us want low taxes AND the government programs that provide some stability on our lives. And you can't have both in the long run. Sure, you can it (ask the baby boomers, they helped vote in LBJ, Nixon, their massive increases in future spending and Reagan and his temporary tax cuts) in the short run. But, unless our productivity (here's hoping AI, nanotechnology, robotics, etc. save us) outpaces our need for security, we're (mostly my generation) Bleep out of luck. Although as recent days show every one realizes SOMETHING has to give between our two desires. Being conservative of nature, I'm pretty sure the part that I don't like (the big spending) will be thing that continues/expands. Besides, we have examples (the EU any one) of times where the spending increases massively, which eventually pushes the taxes up, and makes the people not care much about "the now". Although, to be fair, maybe it's the caring about "the now" only that leads to choosing security? I don't know. But, that doesn't mean I can't make light of things though.