The latest buzz in Washington D.C. is over budget cuts and a philosophy known as austerity. Most Americans busy trying to find a job or busy hanging on to the severely under-paying job they currently have, austerity is a foreign and unclear term that probably does not come up around the dinner table at night.
It should though, as an educated voter you should know exactly what your local politicians who you voted in to office to represent you and your community, feels about austerity measures.
Austerity is the act in which governments choose to end or cut back financing certain governmental programs in order to reduce government debt and show debt holders we can live within our means and that our credit is still “golden”; or else those debt holders will raise interest rates on our massive debt and try to loan shark our country like bankers did to us before the financial crisis.
This is already occurring as China who already manipulates their currency so they export way more than they ever import while enslaving their working class populous, have been busy pulling the strings on their little Timmy Geithner banker puppet behind closed doors, according to leaked documents from WikiLeaks.
This is a serious dilemma; unfortunately our politicians have only now come to realize that their reckless spending habits over the past 20 years have come home to roost. Now they are panicking, and that usually means a lower standard of living for the people our government supposedly serves.
What our government chooses to cut during acts of austerity is really dependent on who we the voters sent to represent us in Congress and in the White House. If we as voters did due diligence and voted for politicians who represent us and our communities, austerity measures usually impact military spending and cut backs to exuberant governmental pension plans and benefit packages in our national budget.
This unfortunately is not always an option for the United States , especially when it comes to cutting back on defense spending, even though we have over 2000 nuclear warheads that deter any country from seriously plotting to attack us. Instead our elected officials using their “common-sense” and “wisdom” have to scour our massive budget in search of out-of-date programs and frivolous government sponsored expenditures to cut back on or end all together.
Usually government workers, taxpayers or industries suffer the consequences for a government taking austerity measures, but as long as we voters have done our homework on who we voted into office, the choices our elected-officials make should be in the people’s interest first….right?
I’m sure our government is looking out for the average person and will stop spending trillions of dollars on massive bailouts given to corporations and banks with our tax dollars to keep us in debt. I’m sure our government will have stopped the numerous corporate tax loop holes that exist which allow our wealthiest corporations to pay fewer taxes than the average voter making $35,000 a year. I’m almost entirely certain our politicians will take back the tax cuts for the wealthiest individuals in our country and lower taxes on the working poor who need the money the most. I’m positive our government will also stop allowing for tax fraud and income sheltering from occurring, as our wealthiest individuals and businesses hide trillions of dollars in offshore accounts. And I’m almost 100% certain our government will cut back on the $700+ billion we spend on defense each year, which doesn’t include what we already spend on the wars.
Oh wait…what…our government actually supports all those programs and isn’t cutting back on any of that stuff?
Nope instead our elected officials have decided to choose to cut things like health care, education, food assistance, family planning, the performing arts, city and social services and social security. Those choices we voters allowed to let happen when we voted in for-profit politicians representing big business and not the average working class citizen just trying to make a better way for themselves, their families and their communities.
Certain things like voluntarily starting and financing two wars and allowing corporate tax loop-holes are wholly avoidable by those in congress and serving in our White House. When our government makes the choice to cut money out of Pell Grants, Social Security, Medicaid / Medicare and other vital human-significant institutions while continuing to spend trillions on wars and Wall Street bailouts; our government is making a declaration that those in congress are no longer fit to serve the majority of people in our country.
So the next time you hear the phrase “austerity cuts” and are being told we need to cut back on services that matter to you, your family, and your community in order to “tighten our fiscal belts”. You better hope you voted in the right person to represent you in congress or else you can say good-bye to affordable health care, an educated populous, cultural richness, raising wages, jobs, and lower taxes.