In last Saturday's presidential address, Barack Obama said he was determined to "get exploding deficits under control" and that his plan would "restore fiscal discipline." This from the man who just doubled our deficit with his big stimulus package. Now he says, "We cannot simply spend as we please and defer the consequences." He's promising to cut our deficit in half by the end of his first (and we hope only) term. How's he plan to pull this rabbit out of his hat?
By raising taxes on businesses and the wealthy. It's what we conservatives call "redistribution of the wealth." What it means is that if you're a productive, hard-working citizen who takes care of all your bills, they're going to take your money and give it to all those deadbeats who expect the government to support them. But I'm not wealthy, and I don't own a business, so it won't affect me. Think again. When businesses are taxed, they'll recoup that money by cutting jobs and benefits. When the wealthy are taxed, they'll cut down on buying from the retail outlets people work for. The retail outlets will cut jobs. Then services like beauty shops, car washes, contractors, and others will feel the effects. When these cuts start manifesting themselves, factories won't need to produce as many goods. That will result in factory layoffs. You can't penalize the people who keep this country running and expect there to be a positive result. The newspaper reports that even non-partisan observers are questioning the wisdom of announcing tax increases in the midst of a recession. The bottom line is that gravity works -- wealth doesn't "trickle up."
I would like to think, for the sake of our country, that Obama can double the deficit today and cut it in half tomorrow. But I, for one, don't believe this hypocrite can walk on water!
Paris News funny for today: Mary Madewell, in her editorial of February 23, says, "I continue to be amazed at fragrant violations of Texas law . . . communication among council members about city affairs, whether by personal contact, telephone calls or e-mails is strickly prohibited." Strickly speaking, Mary, it smells pretty fishy to me, too.
"Obama says he'll halve U.S. deficit." The Dallas Morning News; February 22, 2009; p. 1A.
http://news.yahoo.com/s/ap/20090223/ap_on_go_pr_wh/obama_economy
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It's scary to me how so many believe every word out of his mouth! It's as though people can't think for themselves anymore and there is evidently no common sense left.
Hahaha...I love the Paris News funny!
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