Archive for the ‘Politics’ Category
Budget Deficit Hypocrisy For Business Owners
October 16th, 2009 | 
Author: Small business owners have some decided disadvantages when competing with large corporations. Some can be overcome with luck, some with hard work, while some are virtually impossible. All business owners, however, will soon start paying the price for the massive federal budget deficit.
If you’re a Republican who did not vote for Barack Obama in 2008, you could very well be complaining about the massive federal budget deficit for the budget year which just ended. Associated Press reported a deficit of $1.42 Trillion dollars.
Until this year, saying the number trillion in conjunction with the deficit was difficult. Now it rolls off people’s lips quite easily. Count this as the first acknowledgment of the deficit spending which will shackle the Obama presidency.
With a deficit about three times larger than any previous budget year, Republicans have every right to be angry and indignant. Ah, but you ain’t getting off so easily. Where the hell were you when George Bush was racking up massive budget deficits? Why didn’t you say something then? You know the reason, but you’ll see it here anyway. Because you only give a damn when the other political party overspends.
That, my friends, is the definition of hypocrisy. As a business person, you can’t spend beyond your means without negative repercussions. So why is it okay for your political party? It’s not and business people should know better.
To the Republicans who said nothing when George Bush spent foolishly but now criticize Barack Obama for the same thing: You are the type of person whose lack of political savvy has led to political polarization and the genesis of years of financial problems. You’re either for or against deficit spending, period. Anything less is foolhardy.
Now to hammer the Democrats, since this is an equal opportunity blog.
From 2001-2007, with George Bush as President and Republicans in charge of Congress, Democrats – rightly so – complained of the deficit spending which quickly wiped out the memory of Bill Clinton’s budget surpluses.
In the 2006 elections, however, the Democrats retook control of Congress from the Republicans – yet continued the profligate spending and have not let up, even with a Democratic president. So what’s different now?
Democrats who haven’t said a peep about the excessive spending of the last three years – but who ripped Bush and the Republicans for deficit spending – are just as hypocritical as the quiet Republicans of 2001-2007.
The bottom line is, well, the bottom line. As business people, we can’t spend what we don’t have. Allowing the government to spend excessively only when it satisfies our political ideology is a personal character deficit which will destroy America. It’s time for business people – hell, it’s time for ALL Americans – to say enough is enough. STOP the deficit spending before this country goes down a road which will take years or decades to recover. Is that the legacy you want to leave when you die?
