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If we rounded our population up to a billion to make an easy approximation, then I'm seeing this new debt as maybe $600 each. (every man, woman, child)
Now back in the late Spring I think the president wanted to send out a rebate to encourage spending and sprend a little Christmas spirit. I'm not sure but I thought that rebate was something like $300 to $600. Being in middle bracket, I don't know what the high brackets got, but I do know there were quite a few peole who got a lot less -- like "0." So this new debt appears to be a Peter /Paul story that has another sad ending.
My problem in understanding this new money crisis (and the home loan losses) involves seeing and understanding the connection between our equality for shouldering the debt and our equality for benefits. Elsewhere there have been comments about Marxism and I have no desire to put names or doctrines to this issue. I really just want a clean explaination of benefits here.
I believe we should pay for our benefits and services. Equally! --> if you have a heavy vehicle, you should pay a heavier road tax. If you drive more miles, you pay a higher pollution tax. . . You get the idea. . .
So where are the benefits and the costs in this new money scheme? Is there any service beyond the "thanks" for living and benefiting from living in the US? That isn't a slam -- that's a question of clarification. Can I claim my $600 donation to the debt as a tax exemption? And can we opt to pay more so our low-income students and neighbors aren't taxed until they are older or earning more?
Finally, is there any path by which a country can move from bloated regulatory beast to well-groomed, well-behaved working dog?
