Does Obama truly want what's good for the nation?

 

I read with interest where Obama "flatly rejected any budget deal that did not raise tax rates on income above $250,000 a year, even if it meant driving the economy into a recession."

 

And most assuredly, raising taxes will drive the economy into a recession. Obama, himself, has said that now is not the time to raise taxes. If it's about revenue, John F. Kennedy and Ronald Reagan both proved that lowering the tax rate on the wealthy benefits everyone -- revenues increase, because the wealthy are not afraid to invest in enterprises that generate profits on which taxes are paid and generate jobs for other people who pay taxes on their salaries and spend their money at other businesses that become more profitable  and pay more taxes and hire more people, etc., etc., etc. Besides, if Obama raises taxes on "the rich" at the rates he proposes, it will bring in enough to operate the government for approximately 8 days. Who's going to foot the bill for the other 357?

 

Raising taxes, on the other, hand, causes businesses to retrench, to cut the workforce, and to delay expansion. When people are out of work, they not only don't contribute on the revenue side, they also take from the expense side. But Obama continues to insist that economic expansion must come from "the middle out." He hasn't yet provided an explanation of how such a thing can be accomplished. All he knows is that the "rich" need to pay more.

 

Besides that, he's not willing to address spending cuts at all. "You give me my way on taxes," he says, "And we'll cut spending later." Yeah, right. If you believe that, someone near and dear to me has a fountain to sell you! This country doesn't have a revenue problem -- it has a spending problem. And for the icing on the cake, Lord Obama has proposed that Congress turn over its constitutional power to raise the debt ceiling to him -- and require a 2/3 majority vote to overrule him. I find it alarming that the news media have said very little about such a blatant power grab -- with all his czars and the unlimited power bestowed upon the HHS Secretary through Obamacare, I fear we are headed toward dictatorship. Obama is headed toward unfettered control, and that, my friends, is what he really wants.