Tax Cuts are just like a New House

Obama's little fireside chat got me thinking, well ok it actually pissed me off.

So here we are in the midst of an economic crisis, right? The solution our FEARLESS leader and his band of idiots in congress come up with is cut taxes. This at first glance makes a lot of sense to me how do you get people to spend money, well you make sure they have more of it. I get that, who doesn't? Well let us play the analogy game, shall we?

As a government how do you help/encourage someone to buy a new house? Maybe you give them more change in their pocket (ie a tax cut). Sure, sure that makes sense, but you aren't going to give them $100K in extra change so what else might they need to buy a house? Hmmm...how about a mortgage? Well if we are the government we don't really do that but we can make some policy or legislation that persuades lenders and banks to CAPITALIZE on this group of people. I STRESS CAPITALIZE HERE!!!! So now you have a banker/lender (who we all know loves money) who is like a little kid wanting candy and mom or pop (AKA government) is giving them a little push from behind to go get that candy. At this point you probably get the picture; the kid doesn't really need the candy (as any responsible parent would know), the bank doesn't really need a new risk prone market to invest in, and the taxpayer doesn't really need the house either.

Well I only have one question left for you. If we don't have the money in the Treasury to spend and we aren't going to raise revenue (ie, taxes) how in the heck are we going to pay for these spending programs?

If you haven't guessed it and you own a home with a mortgage SMACK YOURSELF IN THE BACK OF THE HEAD! That's right folks we are going to borrow it, just like the home buyer who doesn't have the $100K change in his pocket!!

So in summation, the government, Obama, Congressmen/women who voted to spend billions/trillions, and us (you know the people that voted these morons into office, what does that say about us?) are repeating the mistakes of the mortgage lending crisis only this time on a scale that makes the mortgage crisis look like a drop in the pond. Ok I lied I have one more question...What happens if the United States of America can't pay back the money we borrowed?