The ‘fucking hell’ of George Bush’s tax cuts

By now, you’ve probably heard that President Bush’s fiscal policy has been a total failure.

After nearly a decade in office, the country’s debt-to-GDP ratio is already well above 60%, and the nation is currently headed toward another economic crisis.

The fiscal cliff has also been blamed for the nation’s fiscal collapse, with the Congressional Budget Office estimating that the cost of averting the tax cuts will cost the economy about $4.5 trillion.

And, just in case you haven’t gotten the memo yet, it’s not just the federal government that’s in trouble: states, cities, counties, towns, businesses, and individuals are also suffering.

“If you’re the sort of person who has been following politics closely for a while, you’re probably wondering how the hell the federal budget can possibly be so bad,” writes economist Jonathan Bernstein.

“The answer is, I dunno.”

In the face of this grim economic landscape, there are few things in life that are as frustrating as watching your fellow citizens struggle to pay their bills.

The American public is currently facing a $16 trillion debt, with $13 trillion of it owed to Wall Street, and the rest of the money being owed to other creditors.

While this will inevitably lead to a severe financial crisis, the biggest problem facing our country is the inability of the federal debt to be restructured. 

For the past few years, it has been clear that the federal federal government could not afford to make up the difference.

The debt ceiling has been reached multiple times, with each time being the same: $1.2 trillion in debt that can’t be cut.

“It’s not a matter of if, it doesn’t matter how long we have this problem, we just need to make some sort of compromise,” said economist Jim Grant, in a speech at the Conservative Political Action Conference last year.

“So if the country was to default on its debt, we would have to cut spending, raise taxes, cut back on social services and cut back the size of government.”

This is not to say that there isn’t a way out of the crisis.

One way out is a compromise: The Federal Reserve could use some of the $1 trillion in reserve balances it holds in its accounts to buy up some of these debts and pay them off.

In theory, this would allow the government to raise money by issuing more debt and cutting taxes.

However, in practice, the government would have a hard time selling the debt.

In the last fiscal year, the federal treasury issued $9.9 trillion in bonds.

If we were to borrow $8 trillion, we’d have to issue $9 trillion.

In other words, we could not buy up $10 trillion worth of debt to make this deal work.

Instead, the U.S. government has been forced to use $3.2 billion of its annual revenue to pay down the national debt, which has ballooned to $21 trillion. 

“We’ve been spending more than we take in,” said President Obama in his State of the Union address in December, noting that the debt is now more than the economy can afford.

“As a result, our national debt has grown from $16.6 trillion in 2006 to $28.6 billion in 2013.

That’s $2.3 trillion in national debt that we owe each year, which we can’t possibly afford.

So the last thing we need is to spend more than our income to pay off this debt.

We need to find a way to reduce the deficit, which is the only way we can solve this problem.”

So what do you do when the national economy is in such dire straits?

It’s time to think outside the box.

If you’ve ever thought of the idea of throwing in the towel on your dreams, now might be the time to do it.

Here are five ideas that might help you live up to your own personal fiscal rules. 


You Need to Be A Man of Purpose The next time you’re faced with a financial challenge, consider this: if you can’t pay your bills, what else can you do?

If you can, it may be time to put some thought into your goals.

Maybe you want to be the best person you can be at your job.

Maybe your boss needs a raise.

Maybe the people in your immediate circle need to be more open with their financial struggles.

Maybe someone you care about is in trouble.

If the list sounds too good to be true, that’s because it is.

We’re not all bad.

We’ve all been through some of our worst moments in life, and we’re all capable of working through them.

You can’t just turn your back on the situation and run.

If something seems too big for you to handle, don’t be afraid to think about how it could be solved.

It could be a way you can help someone else out, or a way that could improve the quality of your life


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