Gaining Economic Perspective
| Gaining Economic Perspective |  |
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| Written by Colette | |
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As our country continues to face economic struggles and all of the talking heads in the mainstream media are preaching doom and gloom and blaming all of our woes on the War on Terror, let's take a moment and gain some perspective. American's have a much larger tax burden than ever before in history. Why? Our politicians cannot stop their over-spending habits. We need Mitt as the CFO of the United States of America. We need Mitt to cut costs and duplicitious government agencies and departments. We need Mitt to do for our Federal Budget what he has done for so many corporations in America. I was shocked when I saw the numbers that you will read below. While we need to help those Americans who lost everything in Hurricane Katrina, I don't think we need to make them all millionaires. Check out the figures below: The next time you hear a politician use the word 'billion' in a casual manner, think about whether you want the 'politicians' spending YOUR tax money.A billion is a difficult number to comprehend, but one advertising agency did a good job of putting that figure into some perspective in one of its releases. A. A billion seconds ago it was 1959. B. A billion minutes ago Jesus was alive. C. A billion hours ago our ancestors were living in the Stone Age. D. A billion days ago no-one walked on the earth . E. A billion dollars ago was only 8 hours and 20 minutes, at the rate our government is spending it. While this thought is still fresh in our brain, let's take a look at New Orleans. It's amazing what you can learn with some simple division. Louisiana Senator, Mary Landrieu (D), is presently asking the Congress for $250 BILLION to rebuild New Orleans. Interesting number, what does it mean? A. Well, if you are on e of 484,674 residents of New Orleans (every man, woman, child), you each get $516,528. B. Or, if you have one of the 188,251 homes in New Orleans, your home gets $1,329,787. C. Or, if you are a family of four, your family gets $2,066,012. Are calculators in Congress broken? Accounts Receivable Tax Building Permit Tax CDL License Tax Cigarette Tax Corporate Income Tax Dog License Tax Federal Income Tax Federal Unemployment Tax (FUTA) Fishing License Tax Food License Tax Fuel Perm it Tax Gasoline Tax Hunting License Tax Inheritance Tax Inventory Tax IRS Interest Charges (tax on top of tax) , IRS Penalties (tax on top of tax), Liquor Tax, Luxury Tax, Marriage License Tax, Medicare Tax, Property Tax, Real Estate Tax, Service charge taxes, Social Security Tax, Road Usage Tax (Truckers), Sales Taxes, Recreational Vehicle Tax, School Tax, State Income Tax, State Unemployment Tax (SUTA), Telephone Federal Excise Tax, Telephone Federal Universal Service Fee Tax, Telephone Federal, State and Local Surcharge Tax, Telephone Minimum Usage Surcharge Tax, Telephone Recurring and Non-recurring Charges Tax, Telephone State and Local Tax, Telephone Usage Charge Tax, Utility Tax, Vehicle License Registration Tax, Vehicle Sales Tax, Watercraft Registration Tax, Well Permit Tax, Workers Compensation Tax. Not one of these taxes existed 100 years ago, and our nation was the most prosperous in the world. We had absolutely no national debt, had the largest middle class in the world. Moms stayed home to raise their kids. |
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