Tuesday, May 12, 2009

A Truth About Budget Deficits

The Political establishment conducts a "cooking of the books" to show the public budget deficits. This is done for the justification to raise taxes based on fear "pitched" to the constituents regarding "cutting" of services - if more revenues are Not raised in some manner (i.e. higher taxes).

How come we cannot "rack up" these deficits in our personal checking or savings accounts ?

But, I guarantee you there is always plenty of money for the payouts, "kickbacks", handouts, contract awards, & flat-out favoritism to the politician's influential, wealthy friends to enrich their companies and "pockets".

This happens is all countries and all levels. Some societies are just more open about this type of "underhanded double dealing" than others. Where there is a politician - there is "crookedness", corruption, conspiracy, and racketeering.

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