The Democrats have a different philosophy as they believe in a bottom up approach. They figure if they can get the money in the hands of people with lower incomes they’ll spend their money and stimulate the economy. One of the problems with this is that when this happens we miss out on a huge amount of tax revenues because they don’t pay income taxes which are what keeps our Federal Government afloat. Sure when they spend their money there’s a sales tax but we miss out on much needed income taxes to finance our budget.
The Democrats bottom up approach negatively impacts both Federal and State tax revenues by roughly 18% per person which is a huge shortfall. This can’t be sustained as we’ve seen with our $19 trillion dollar debt and climbing. We’re not going bankrupt we’re bankrupt which means the hand-outs are going to disappear. Doesn’t it make sense that we create jobs so we can continue to help people in need for the long haul?
If you believe in the Bible like I do then I’m sure you’re aware of the many times Jesus spoke about personal productivity; he believed in helping the widows and orphans because they didn’t have any opportunities to make a living but he didn’t believe in handouts for those who could work. He inspired the saying: “Give a man a fish and feed him for a day but teach him how to fish and you’ll feed him for a lifetime.” Our forefathers had the same mentality, they believed in promoting the general welfare/wellbeing of our nation but not giving money to those who could work because our Republic would fall.
The bottom line is that both parties try to help the poor it’s just a difference of philosophies. I strongly believe in a top down approach because of the very reasons I mentioned above. We’re paying out more and more and collecting less and less which is a recipe for disaster.