How Do We Control Government Spending and Taxes?
This is a special report concerning a very important issue. The question that we must ask ourselves is how do we control government spending and taxes? First, we must learn how to reduce the national debt. What is the national debt? It is debt that is owed to other nations that the United States has borrowed money from in the past. In most cases, the national debt that the United States has right now, has a lot to do with the amount of damages that we as a country has done during our conflicts with other nations. The national debt itself has a lot to do with the amount of money that is owed to citizens that was not collected in the past as well as monies that is owed to industries for mass production.
The national debt right now is well over three trillion dollars. This is very serious!!!! We as a nation have to find out what the United States owe to other countries officially as well as how much are we allowing other countries borrow from us and keep track of that as well. Other things that we need to take into account is the amount of programs that are available as well as any stimulus spending that has not been utilized at the present time.
The national debt has been a big topic of discussion for over 30 years. At this time, the national debt is an issue that will never get resolved. The economy has been over emphasized as a topic of discussion for so long that no has not done anything to resolve this problem. How do we solve this problem with the economy? The answers are right in front of us. We must first find out what are the things that we need to keep and take away as far as spending is concerned. Understand one thing; we are all impacted by this problem. I really think one thing that we can do at the moment is speak with our local, state, and national representatives to find out what is really being done to solve our social ills in society.
Second, the money that is spent on education is being dispersed in lump sum payments for rebuilding schools as well as maintaining athletic facilities. Are these funds being spent in a way that it satisfies everyone in need? Third, let’s look at stimulus spending projects for this fiscal year for a moment. Our cities infrastructure is crumbling at the moment. Where is the money for this as a project? How much money is being sent to each of the 50 states to repair its infrastructure? Hopefully, I am assuming at least 200,000,000 dollars or more for this massive repair project. How about repairing houses in inner city neighborhoods? Where is the money for neighborhood revitalization projects? I would think at least $100,000,000 dollars should go towards this as a means of improving neighborhoods.
At least it will improve the quality of life for everyone that lives inside of these neighborhoods. What about job creation for those who do not have jobs at the moment? There are over 20,000,000 million people right now that are out of work or who have lost their jobs within the past 6 months. There is a large increase of unemployment claims being filed each day. Where is the money for those who need it at the present time? At least try to decrease taxes by reducing the amount of money that is sent for overseas projects at the moment. Instead of sending billions of dollars to Afghanistan, Pakistan, Iraq, and the rest of the middle east, please allocate these funds to the cities in the United States that really need them.
Next, how do we really control government spending? The answer to this question is not very easy to answer. There are solutions. First, a needs assessment need to be performed to determine what items as far as spending that need to be addressed. For instance, we have to look at the reason why we as a nation is raising taxes and why are we hurting those who really need the help. An example of this is the programs that are available to assist those in need. Such as those that are benefitting the wealthy need to be reduced. There are resources that are utilized by the wealthy and members of the lower class that are used to assist them. All of this needs to be evaluated. By raising taxes for those that earn over $250,000 dollars per year still would not help.
It will cause an offset in taxes for the middle class and workers that earn less than $50,000 per year. We have to look at the amount of venues that are being built each year. This also causes an increase in excise taxes. These are taxes that are being used to tax everyone for construction projects such as new stadiums, arenas, new schools, houses, condominiums, and luxurious hotels. Another tax that has been over emphasized is the use of energy. The energy that is used for electricity, natural gas, and coal has increased dramatically since the year 2000. There has also been an increase in energy taxes because the demand has increased for electricity.
The cost of land use for annexation and rezoning in specific areas in the city, county, and state has also increased since 1990. This is because there are so many people that are losing their properties due to foreclosure and other active issues that it is even making things difficult for industries to pay their land taxes. Housing costs has changed because of the economic demand that has been placed on all Americans. This also applies to everyone worldwide. Let’s work on reducing taxes for everyone and assist everyone in need.
Sincerely,
Anthony Joseph Hopkins