As is often the case, a spark of inspiration ignited inside me when I heard something stupid. It’s no secret I’m socially liberal and fiscally conservative. There are times when the twain meet.
Tell a conservative these days you’re liberal, in any respect, and they immediately wax on about how Democrats are ruining this nation, President Obama is a socialist, and rising rich folks like myself are going to be taxed into obscurity 40 years from now.
Surely we should be concerned about the decisions our elected representatives allegedly make on our behalf. But some people are just ridiculous.
Allow me to paraphrase a recent exchange I had with an individual who’s aware of my political leanings.
Me: I’m not ready to buy a house yet.
Crazy Person: I dunno. Obama just spends, spends, spends. If you voted Republican they’d cut taxes, and you’d be able to afford a house.
You see what I’m talking about?
Never mind that I’m not ready to buy a house because I despise debt, and I’m seriously pondering a 100% down plan for my first home. The possibility I’m not in a place personally to commit to such a permanent decision also deserves no further consideration. Apparently, the gov’ment has its grubby little legislative hands in every aspect of my life.
Let’s all aimlessly run in circles, screaming and flapping our arms in the air while randomly setting stuff on fire. All hope is lost.
After writing all that, I’m beginning to realize perhaps my reaction is a bit exaggerated. But to suggest the actions of Republicans, Democrats, Teabaggers, Libertarians, and the like, will somehow influence my decision to buy a home is absolutely absurd. Maybe the promises of our ever reliable leaders led many people to buy an asset as expensive, illiquid, and risky as a piece of real property, but dis chick ain’t one of ‘em.
Besides, tax cuts in the foreseeable future are extreeeeeeeemely unlikely. There are times in our personal lives where cutting spending isn’t enough to pay off debt. Sometimes you have to increase income. That’s the case for our nation as well. Taxes must be raised to pay off the national debt.
And even if by some miracle Republicans find a way to reduce tax rates, there wouldn’t be enough extra coins in my current paycheck to justify a decision to move from renter to owner. I’d be too afraid Democrats would regain control of the legislature and raise taxes again. I’m just kidding…sorta.
Don’t get me wrong. There are times when government regulations can directly impact our lives. They’ve directly impacted my life, but let’s not give them too much credit. We still exercise a great deal of control.
What do you think? What impact does the government have on your financial life?
Photo Credit: Gawnesco