Post from greshambouma at CHUM.LY

Let's Make Idaho More Business Friendly

It should be painfully obvious to all of us that America’s economic trouble is just starting. We have been struggling economically for ten years in spite of massive government stimulus. The borrowing and spending has gone off the charts lately, and we need to sober up and think about what life will be like when we have to live within our means. The federal budget for 2010 shows close to 2.2 Trillion in gross revenue while it shows total spending of over 3.7 Trillion. It is spending about 68% more than it brings in during 2010. What happens when the world’s biggest spender has to cut its budget by around 70% because it can no longer find willing lenders? With federal debt at 13.5 Trillion., we owe about six times our annual tax receipts. This is like a person making 50 K a year, spending 85 K, and carrying credit card debt of 300 K.

To solve a problem, the first step is to correctly identify it. Until America comes to grips with the unbelievable problems our own government has created for us, we won’t begin to correctly address those problems. What Idaho needs to do is to protect and encourage every bit of economic strength that we have. Every job and business is important, and businesses that produce exports or reduce our reliance on outside goods are extremely vital. Idaho’s taxes are already higher than our surrounding states, and that is a serious error. Our regulations need to be reasonable and our taxes absolutely must not be raised or we are cutting our own economic throats. If we want jobs and a future for our children, we must let the sustainable job-producing sector grow, rather than the burden of government. http://chum.ly/n/3d6638