When you go to the bank for a consolidation loan, they use criteria to determine whether you should receive that loan. Among those criteria is the need to determine the risk of loaning money. In other words, to understand why you are in the position of needing that loan and whether the risky behaviors that got you there still exist…
Why are we loaning money to other countries who have not changed their practice? Take for example Greece… America is considering assisting them financially yet again. Sure they are undergoing ‘austerity’ measures. These measures are designed to cut back on the excess expenditures that caused the financial mess that they are in. However, the government still is keeping the bar attainable for way too many entitlement programs which will continue to pull money out of the economy and continue to drain their funds.
We need to look at their nation as the example for where we are today. We saw their woes and we tried to help, along with the rest of the world. When we checked back, we see that they are still in trouble and continuing to sink faster. The citizens of Greece are rioting and demanding more money from the government. That money from the government does not come from the government of Greece anymore… nor does it come from the citizens of Greece in the form of taxes… it comes from countries like the US.
In this piece of the scenario, we are the bank and we need to do a very critical assessment of the riskiness of giving them money anymore. If we loan them money, will we likely see the return of our loans in a timely and efficient manner? At this point, the writing is on the wall… No. We will not be able to save their situation and thereby, we will not get our money back.
This brings us to a much greater consideration… one that affects you and I personally. Our government loaning risky nations like Greece any money at all is taking money away from our government coffers. That money could go to programs here in America, including the beloved “entitlement programs” of the left. That’s right, if you believe so strongly in some of these government assistance programs, then YOU should be outraged that our country is taking money out of YOUR programs to give to programs in countries like Greece. That is money that can go to you or your family members, your neighbors, etc.
BUT… let’s examine this one step further…! Where does that money come from? The money that our government is giving to Greece? It comes from you! It comes right out of your paycheck every week! That money is yours and you are having it taken out of your paycheck in the form of taxes. The government collects taxes in order to conduct it’s business. Now the government deems it’s business to include bailing out foreign nations! Were you bothered that the government bailed out GM, or Wall Street Banks? Did it anger you that these companies could not stand on their own and the government took your money and gave it to these companies? How does it make you feel to know that our government is now giving that money to foreign countries…? countries that will likely NEVER give that money back to you!
We earn a paycheck every week or bi-weekly, etc. but the government comes in and collects taxes. There is nothing wrong with that… provided that taxation is meant for the government to conduct its business, provide for the national security or the welfare of our nation.
Let’s also examine that last part: “the welfare of our nation”… That is a key point. That phrase is intended to mean the welfare of the nation AS A WHOLE, not the welfare of the citizens as individuals. We can certainly provide some government assistance along the way but when times are tough, such as they are today, we must cut off the welfare that is going to the individuals because the welfare of the nation as a whole is now suffering. THIS is a lesson to be learned from Greece and one that we must address within ourselves. Instead of complaining that governor is now taking an additional 3% out of my paycheck because of the budget constraints, let’s look at what is happening. The governor is stating that you must provide for your own retirement plans in your pension plan… that you can’t sit back and have the rest of the state pay for your retirement while you contribute nothing. Why should your neighbor pay for his own retirement AND YOURS!
On the flip side, we have states coming along and taxing the child support payments to single parents who are providing the care for their children, in order to balance the state’s budget shortfall. Alarm bells need to be going off here! This is government stepping into a place it does not belong, collecting extra taxes to pay for shortfalls that come from poorly managed “loans” in their budgets. The money was already taxed when it went through the person’s paycheck who had to then pay the alimony or the child support, so now we have a classic double taxation scenario here. Instead of acting like a responsible leader and addressing the budget in an effective manner(i.e. cutting programs that just can’t support the processes of the government), governors are taking more money from the citizens to continue programs that should no longer exist because the weight of them drags down the entire system.
Government assistance programs effect all of us, whether we are the beneficiaries of them or the benefactors of them. We have come to a tipping point where the beneficiaries are now outnumbering the benefactors. In other words, the people who are getting the help from the rest of America now outnumber those who are providing the help. Look into yourself… how many people can you financially assist for an indefinite length of time today? If you look into the future and you realize that you can barely provide for yourself and your family indefinitely, then it’s time for you to consider why your government expects you to provide care for everyone else.
Remember this: money, the US dollar, is ours NOT the government’s. Money was created for the people to use as a system of trade or barter for services or goods rendered. We earn money by providing a service to our employer. They pay us money for the service we provide. We allow the government to levy taxes on us through our paychecks. That money is to be used for the duties of government as they relate to protection, conducting affairs of business, and supporting the infrastructure of the nation. Nowhere does it say anything about bailing out foreign countries, growing government assistance programs, or taking extra money for the purpose of continued government largesse.
It is time for Americans to take back our money and our rights to attend to the oversight of government spending. We need to elect accountable officials who will see to the US dollar staying at home for America’s needs and not the rest of the world’s wastes. We need officials who understand that they are not going into some “corporate machine” that takes it’s money away from the same people who provide the services rendered to that same machine. It’s time to end the redistribution of our money throughout the nation, throughout the chosen government partners, and throughout the world.
It is time to run ourselves like that evil bank that we hate because they wouldn’t loan us money when we needed it because they saw a tremendous risk in giving us anymore money… they could see that we hadn’t learned from our mistakes and that we weren’t going to do anything different with this money either.
If banks are greedy for not loaning risky money, then Americans… We must get greedy too!