You keep hearing about how great the economy is doing. How jobs are being created and everything is back to normal. But the new normal is not like the old normal.
WASHINGTON (AP) — Cash-strapped Americans anxious for tax refunds are increasingly turning to payment advances, prepaid cards or other costly services when getting tax preparation help, according to new federal data raising concerns among regulators about whether consumers are fully informed about the fees.
Regulators are looking to increase oversight of preparers amid the rise in “refund anticipation checks,” a type of cash advance especially popular among low-income families who receive the Earned Income Tax Credit, the government’s $65 billion cash benefit program. The advances are being marketed as a way to get fast refunds or defer payment of tax preparation costs.
It also happens to be a glaring example of irony. The same Government that is confiscating so much money from us that we are forced to scratch and claw and borrow to make ends meet, is worried that we are borrowing from high risk fraudsters to make ends meet.
There’s a solution to this whole problem, that will never be considered. Smaller Government.
Oh I know, without the nanny state, how will everyone get free E-14 schooling (notice I did’t say an E-14 education) and all those other entitlements?
We cannot afford the Government that has been forced upon us. That’s a factual, emotion free statement.
Job creation is now controlled by Government. They have made good paying full time, reliable jobs, a rarity. You can scream outsourcing and blame corporate America, but the fact is if Government hadn’t created the red tape, they’d happily allow people to work more than 30 hours a week as one example of the new normal of Obama’s Economy.
The American economy looks nothing like it did 8 years ago. Through the ashes of the recession, Marxism took root. A centrally planned and controlled destruction of the free markets is in effect.
This new, fundamentally transformed America, sure seems to have created more people screaming for more free stuff. Then again, socialism is not supposed to solve problem, its designed to identify and shine the spot light on them.
Creating a dependent is far more important than solving the problem. Because if you solve the economic effects that made someone need help and get that person a job, you can’t continue to run government for the sole purpose of maintaining power. You’d eventually be able to cut taxes to the point where there is enough capital out in the markets to create jobs for those in need. If someone did fall through the cracks and need additional help, people would have plenty of money left over from low taxes and low product costs to be true good samaritans and help their fellow man.
Instead, the definition of compassion in Obama’s America is now demanding Government confiscate other people’s property to give others what you think will make them happy.
This new normal of liberal economics sure seems to have a whole lot of unhappy people who complain about all the things they don’t have or can’t afford.
How is higher taxes and more regulation going to lower the cost of raising a family or provide a good paying job?
If we are now going to be a society based on always needing another bailout, another credit card to max out, a windfall of tax refunds, lottery, etc etc. we are screwed. Then again, if we need those things, we also need politicians to provide us with more and more entitlements and handouts.
Welcome to the new normal. Where your choices are determined for you.