Get out your check books

August 2, 2009 by beezer
Filed under: Economy, Taxes 

Actually, no need to even do that thanks to the scam known as withholding.

Check it out America: Obama is looking at raising your taxes to pay for the “explosion” in the budget deficit. Let’s be honest. To pay for all the bailouts, “Cash for Clunkers” money and health care reform your taxes will have to go up.  There is simply no other source of revenue for the government that is as easy to tap and as easy to increase as the income tax.  And Obama’s administration is not just taxing the rich.  No sir.  He’s going to hit middle class America with tax increases.  That’s you and that’s me.

The bottom line is that Obama has taken full advantage of a Democratic Congress and spineless Republican leadership to move America even closer to socialism.  He’s done it by spending money like a drunken sailor on shore leave in Thailand.  The good news is that now middle-class America will finally take its head out of its ass and realize that when Democrats will take only the rich, they are talking about middle-class America.  The bad news is that it may be too late to stop what is already in motion.  Let this be a lesson to you America.  Pay attention to what your government is doing.

(Side note: I think my favorite line in the article is this one “If we want an economy that’s going to grow in the future, people have to understand we have to bring those deficits down. And it’s going to be difficult, hard for us to do. And the path to that is through health care reform,” Geithner said.  How does SPENDING BILLIONS on health care reform bring down a deficit?  It doesn’t!!!!  This is probably the worst attempt at working the party line into an answer in the history of politics.  It’s hard to believe that Geithner is the best person to head up the Treasury if he doesn’t understand simple economic concepts.  Spending creates deficits; it doesn’t bring them down.  I totally agree that deficits need to be eliminated for the economy to achieve robust growth.  But I disagree with the idea that spending outrageous amounts of money to make health care worse is the way to do it.)

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