I didn’t get to hear President Obama’s speech on the budget the other day because it was in the middle of the day and I work for a living, but the excerpts I’ve heard have been very disappointing,
I understand Obama recommends taxing the rich. How creative! How original! Who would have seen that coming?
Although he talked about billionaires, the tax increase will actually affect anyone making $250,000 or more. One analysis says that, to close the deficit gap by raising taxes on “the richest Americans”, the tax rate would need to be 134%! Yes that means we would have to take 34% more than EVERYTHING the high wage earners make to solve our deficit problem.
Now Obama is saying he was wrong to vote against raising the debt ceiling when he was in the Senate (and a Republican wanted to raise it), so now he says we MUST raise it. But 40 cents on every dollar the Federal Government spends is already borrowed, which means we are paying interest on our interest now.
If that doesn’t alarm you, you aren’t paying attention.
I just added this site to my bookmarks. I like reading your posts. Thank you!
If you really want you can look the other way and not talk about it.but you talked.thanls.Don’t give up your morals for anything. This will lead to a sad and unfulfilling life.