Do you remember President George Bush II saying something to the effect of “Who is better at managing your money, you or the government?”  He then cut income taxes causing a growing National Debt after President Bill Clinton had paid off the 30 year, 20 year and much of the ten year bonds. National Banks around the world were pleading with the Treasury to stop since they used the bonds as their financial reserve like they formerly used gold.

            Then President Trump came along and wanted to cut his taxes even more putting America even farther in the red. Now he is telling Congress and the Senate to not only renew his old cuts but cut them even more. He just said these additional cuts would be paid for by his tariffs. He says his taxes are going to be fairer to the poor (who don’t pay taxes) and the middle Class (which is getting smaller). Think about it. A Tariff is just another tax and raises the cost of living more on the poor and middle class than the wealthy because the wealthy can better afford it. That is a back door or a great sleight-of-hand tax on the average American. Remember Trump’s famous quote on the wall “Mexico will pay for it,” now it’s “China will pay for the tariffs.”

            The point is we are supposed to be the American Government and spend the money we give it to benefit us. We elect people to have the government do what we need done and they are failing to do that. They are cutting programs the people need and running us into a disastrous debt that they don‘t have the guts to fix. They could take us back to Clinton’s taxes and end the exemptions that reduce the taxes even more on the rich.

            Remember the famous mechanic saying, “Pay me now or pay me later!” Well, it is later.