American society has traditionally been split into three groups: the poor, the middle class, and the rich. But after looking at today’s article about Geithner, it seems that there are actually four classes. Why? Because the politicians live outside the rules that everyone else plays by.

Think about it. Geithner is going to become the Secretary of the Treasury, but he failed to pay $34,000 in taxes a few years ago. I’m not saying that he should be disqualified because he didn’t pay his taxes, but I am suggesting that it provides clues about how our country works.
People who work for and own businesses are concerned about making money. It’s their job to make sure that there’s enough money to pay all the bills, and there’s profit left over for the owners or shareholders. But not so with government. Government employees and politicians are concerned about spending as much money as possible, and have no desire to improve the financial situation of the country. Just consider the fact that we already owe $10 trillion, and by all estimates, the borrowing is going to accelerate at an unprecedented pace.
Since presidents and politicians are often in office for less than 10 years, they don’t have any real motivation to solve financial problems. It’s much easier to be popular and just push the problems into the future. And that’s how we’ve gotten to have a $10 trillion national debt.
Perhaps the solution is a constitutional amendment that says that within a certain time, our national debt will be paid back. For example, each year, 5% of the national debt could be paid back. In this way,each politician would have to work within the bounds of financial responsibility.
Money, US Economy
a deficit, government, middle-class, national debt, Obama, politicians, poor, rich, Tim Geithner