Why do people keep on saying the government just keeps printing more money? If that were so, why does the federal government even borrow money at all? Besides, do you make your house payment with cash? While there is a certain amount of cash in circulation, the fact of the matter is that the majority of cash transactions these days are in the form of checks and bank transfers.
Another fact is there is actually a special withholding and payroll tax for social security and medicare. You may also make note that this tax was reduced about a year or so ago, although it is hard to see how that was supposed to do anything to help the so-called social security problem. One gets the idea that the defense budget, which has ballooned (look that word up if you don't understand) in the last ten years, is sacred and cannot be touched. Does someone believe we're about to be invaded or something? It couldn't be the Chinese, because they've loaned us a lot of money to pay for our defense. But we are in debt to other countries, too.
What we need is a special war tax. Not a defense tax; a war tax. |