Coming up next...cut expenses
Whether that is good or bad remains to be seen. Of course, middle-income families will continue to get the Bush tax cuts and many of those are small business owners who hire people and can help keep the economy healthy.
The so-called "ultra rich" above those income levels who also help the economy a lot will pay higher taxes and that is expected to reduce the health of the economy.
At any rate, our democratic processes allowed the outcome and it remains to be seen how much the economy will be affected. One benefit is that if the effect is detrimental to the economy, those democratic processes will be able to redo the income tax road map.
Now that the main sticking point has been settled, Republicans in Congress are expected to demand that government expenditures be reduced. If the Democrats refuse, as expected, there may be a reshuffling of the deck on the income tax increases.
It remains to be seen how the final deal will work out. If the tax cuts agreed to at this point are allowed to remain and a significant amount of federal expenses are eliminated, the nation may remain healthy. But if expense cuts are not made, it will not be.
So the solution is to reduce the cost of federal government by making those cuts. Some of the excesses that would be cut could be filled in by getting states and municipalities to provide more governmental necessities in the country.
The United States has become a very big bureaucracy that is very expensive to handle. With the states and municipal governments handling more of it, economies could result by cutting out some of the expenses not needed by some states.
It makes sense to fit the services to the needs of the people. And we’re sure the 50 states can find savings in their provinces that the federal government can’t.
The answer to the overall problem could be a slight increase in taxes and a cut in expenses by eliminating unnecessary federal expenses and letting states and municipalities pay for some of their own governmental needs without the overwhelming expenses of a national bureaucracy.
Subscribe Today and Save!!!
St. Charles Herald-Guide is an award-winning newspaper that covers all aspects of St. Charles Parish - from schools and parish government news to social events, features on our local residents and sports.
Order your subscription today!
A bill that would allow teachers and school administrators with concealed carry...
A malnourished horse found wrapped up in rope in a desolate field has gotten a new...
A man who is believed to have attempted to kidnap a 17-year-old girl from a Boutte...
A Luling man was convicted of sexual battery on a juvenile and attempted aggravated...
Nearly seven years after the 2007 murder of Hilda Mae Warren, family members are...
When the monks at St. Joseph Abbey began crafting cypress coffins in 2007, they did...
Acadian Flooring America is a family owned and operated floor covering store that has been proudly serving our customers since 1980. Our experienced staff at our Marrero, LA location is eager to serve you and help you transform your room and bring your dé
Bill would allow teachers to carry guns at school, events - 540 views
A bill that would allow teachers and school administrators with concealed carry permits to carry firearms in schools and at school events has been filed in this year’s legislative session.