If I was a senator I would vote for the current bill (raises the fdic backing from 100,00 to 250,000 as well as giving tax breaks to small businesses). The additional fdic backing on savings will build depositor's confidence helping to stabilize the economy, notabally, many of the major banks and financials who have been falling almost uncontrollably in the past months could use the extra capital to continue loaning money. And to find the money for the additional fdic backing, I think the government should raise taxes on the top 25% of incomes in the U.S. They have plenty of expendable income to cough up a few extra bucks in order to turn around an economy that seems to have derailed itself in the past year and a half.
Additionally the small, growing businesses will benefit from the tax break. The economy has obviously been quite belligerent with its smaller entrepreneurs and the tax break might be able to give them the capitol to hold up as the economy turns around. They will also be helped by the banks newfound ability to lend money, freed up by the extra capitol held from renewed confidence in savings gathered by the FDIC.
As for the tax breaks for renewable energy, which seems to have snuck in under all of the hub about the FDIC, I think its time this country starts to lessen its dependence on fossil fuels of any kind not just oil. In the long term freeing ourselves up from a dependence on a part of the world that hates us is not just smart, but requisite for the future of our economy.
Lets hope the senate pulls its head out of the sand on this one.
Wednesday, October 1, 2008
Tuesday, September 30, 2008
Drinking age
There is something very alarming about the drinking age in the U.S.. Its high, very high, 21 years old. Now to alot of people that sounds like an ok age, maybe a little high but think it through a little bit. This is basically the government saying they have no trust in out youth. The very people who a few decades from now will be paying their medical costs, putting them in retirement homes and bareing their grandchildren, and most of all running the country. Some of these youths will be the next Bill Gates or Warren Buffets. These people are the people at age eighteen could be trusted with a m16 assualt rifle, high explosives, or even a 30 million dollar aircraft defending our borders but they cannot be trusted with a can of beer. They could drive a car, pay taxes, decide the next president, buy a gun, fly a plane, the list goes on. People don't realize that if drinking is introduced early and RESPONSIBLY there probably would be less drunk driving, and less serious cases of alcohol poisoning. Before I finish this post, there probably will be a new bill on congress to up the age to 25 because of people complaining about the age being at 21. Jeez if only I had two votes.
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