Secondly, Govenor Rick Perry, Rep. Ron Paul, and a lot of Texans are now talking about secession. A lot of people are writing this off as treasonous drivel, and after watching Rick Perry's speech, I can't say I thought much of it either. However, let's consider the parallels with oh say the 1770s? Perhaps during a time in colonial america -- on the east coast with 13 little cities...
Lets take a critical look at the situation. Washington, Adams, and Jefferson all committed treason against King George. They made the case that it was a legitimate departure from England, because the British Parliament was effectively a tyranny. England was hardly a tyranny compared to the other countries in the world. They were raising taxes to pay for the French Indian War that were in colonial interests. However, the colonies didn't want to pay those taxes, so they dubbed England a tyranny and declared independence. To the brits, it was a secession. So I ask, is this a similar case? What was patriotic back then is treasonous now?
To correct conservatives, Obama hasn't raised any taxes at all. His budget suggests that he's gonna need a ton of cash which he pledges he'll finance by printing money, selling bonds, and letting the tax break for rich people expire in 2011(ish?).
A lot of the people crying secession are saying that they don't want to pay high taxes. Well buddy, you're not. We're still paying the same taxes under Bush's tenure.
To correct the liberals, lots of these people are pre-emptively protesting a potential future tax hike and how Obama plans to raise the funds to pay for socialized healthcare and high speed rail research.
Now that I've learned quite a bit more about finances, I'm inclined to agree with what these tea parties are protesting.
Obama will raise most of his money though bonds. Bonds are mortgages and Asia holds most of ours. In simple terms, Obama tells China that we'll pay them 4% interest every year for 10 years if they give us 1,000 today. To pay for a lot of Obama's programs, he's gonna have to issue a lot of bonds, which in turn puts a mortgage on the american people. It's a debt that Americans will have to pay off.
To be fair, this has a chance of working. It's like getting a business loan. Obama is hoping (and he sure does like to hope) that the inflow of money from selling bonds to other countries will give the US the means to flourish even more. It's a 1 trillion dollar business loan.
Like any business, you gotta invest in the things that will produce MORE money, otherwise you'll run bankrupt. So what is Obama going to be investing in? American car companies? HA!
All kidding aside, he's gotta invest in things that will bring in more money than the bond interest payments we'll owe. American car companies is not the answer btw.
He vows to do what Caeser, Augustus, and FDR did. Public works. He'll also be doing green technologies, education, and healthcare innovations. Do any of these things directly produce more income? Green technology is huge over here in the UK, but it only works with government subsidies, which is more money out. Education is great if Americans can develop more products to sell to other countries, but more and more americans prefer to study soft sciences and liberal arts majors. We sell entertainment that piracy stifles. Healthcare innovation will help reduce costs internally and will do little to bring in money from the outside.
Anyway, if the 1 trillion were going towards something I think that would actually bring more money into the US than we'd have to pay in debt, then go Obi, but since I don't, ummm secession?
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