written by Norm:
Four who turned the tide
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Years ago a small Dutch boy stuck his finger in a leaking dike and saved
his nation. But what happened when he pulled his finger out?
country of Holland flood and disappear? No, they learned their lesson
and built higher dikes.
Today we find an analogy.
Four Republicans, three U.S. Senators and
one California Senator, pulled their respective fingers out of their
party's dikes and let
flow the Federal government Stimulus Plan and pass
the California budget.
Will we learn our lessons and build a better fiscal system,
or will we continue to outspend our income?
The problem lies with us. Yes, you and me and our neighbors and folks
across the country.
We bite on the bait dangled by the politicians and
wanna-be politicians. They promise a land of plenty with houses and
for all, less crime and a more "green" country are just a
few of the many promises we hear.
So we get hooked. We are like the cheering
section at the Super Bowl. "Bring it on, we want it all, right now".
What we don't ask and they don't pro-offer is how they (we)
pay for all this. In good times the individuals and corporations fuel
the government spending through taxes. Taxes come in
to cover all the
programs and sometimes (not often) we have a surplus.
We love it. More freeways, more care for the aged, higher
retirement plans for the people who run these programs (government
workers). More money to help other nations and more to
pay for a war. No
Suddenly the dike started to leak. We were spending more than we took
in. Something must be done, some
time later because it was only a small
The economy gets sluggish and tanks. Banks are in trouble. No one can
because the banks are awash in bad loans. People lose their
jobs and stop paying taxes. Companies lose business and cut back or
and stop paying taxes.
So the politicians come up with a plan. Raise taxes and borrow money
so we can keep spending. Oh, yes, we
will cut back on a few programs.
The more conservative Republicans want lower taxes and significant cuts
in spending. The more liberal
Democrats, who control the legislative
houses, want to raise taxes on the "rich" and not cut programs. The
Republicans can block passage
even with their minority numbers. The
water keeps rising and then the dike starts seriously leaking. The
Republicans put their fingers
in the dike.
The pressure gets so great the three U.S. Senators and the one
California Senator decide to pull their fingers out
of the dike and let
the money flow out of the hole.
The money flows out and guess what? The water keeps rising and the hole in the
dike gets larger.
So what do we do now?
The obvious thing to do is to do what the Dutch did. Build higher dikes.
And how exactly
do we do that. Well, that what we elected politicians for.
Will they set aside their partisanship, become statesmen and women and
together a long term plan that will stabilize the economy and spend
only what is essential and patch the hole and build a higher dike?
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