It Doesn’t Seem To Be Going Very Well
By: Doug Busselman, Executive Vice President
In spite of the candidates seeking re-election on the theme of how their commands of government spending us to prosperity has been so successful, this update from the Nevada News Bureau would seem to indicate that things here in the Silver State aren’t going so well. Without too much insight and expertise we might come to the conclusion that people aren’t buying sales-taxable items because they either can’t afford to be spending money or they are holding back over a lack of confidence that they can afford to spend money. (It’s too bad that our elected representatives at the federal government level couldn’t adopt the same concept – not spending what you don’t have.)
As we read in this Washington Post account, mostly covering the Christmas Eve morning passage of the $871 Billion health legislation, that the Senators also finished off their 2009 with other “accomplishment” too…
Since those struggling to bear the burden of “revenue stabilization” might not be capable of delivering all that is required through the present extraction methods, strategies and extra effort is going to be necessary.
If you support the idea of government living within its means (and the means of taxpayers to remain solvent) you need to use your 2010 election ballot to keep the legislative spenders (state and national) from having the number of votes they need to do what they’ve been doing for the past number of years.
In spite of the candidates seeking re-election on the theme of how their commands of government spending us to prosperity has been so successful, this update from the Nevada News Bureau would seem to indicate that things here in the Silver State aren’t going so well. Without too much insight and expertise we might come to the conclusion that people aren’t buying sales-taxable items because they either can’t afford to be spending money or they are holding back over a lack of confidence that they can afford to spend money. (It’s too bad that our elected representatives at the federal government level couldn’t adopt the same concept – not spending what you don’t have.)
As we read in this Washington Post account, mostly covering the Christmas Eve morning passage of the $871 Billion health legislation, that the Senators also finished off their 2009 with other “accomplishment” too…
“In its final bit of business for 2009, the Senate also voted 60-39 to raise the government's debt limit by $290 billion, to a record $12.4 trillion. The increase is expected to see the Treasury through the end of January, when lawmakers will have to raise the cap again to accommodate deficit spending expected to soar toward $1.4 trillion for a second straight year.”In contemplating the situation of a badly wheezing economy, we might want to evaluate just where the path of expanding government is going to continue to take us. Although those who are advancing the cause of socialism as the solution (namely those from the majority party who want our votes for re-election) would have us believe that we are better off because of the redistribution programs and projects they have legislated into effect – government’s unquenchable desire and need for more revenue can only come from further destruction of the private sector’s output.
Since those struggling to bear the burden of “revenue stabilization” might not be capable of delivering all that is required through the present extraction methods, strategies and extra effort is going to be necessary.
If you support the idea of government living within its means (and the means of taxpayers to remain solvent) you need to use your 2010 election ballot to keep the legislative spenders (state and national) from having the number of votes they need to do what they’ve been doing for the past number of years.
Posted by Doug Busselman at 12/24/2009 11:52 AM 
Categories: Economy
Tags: Unemployment Nevada Government Spending Recession
Categories: Economy
Tags: Unemployment Nevada Government Spending Recession
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