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American Political Orphan
When the righteous are in authority, the people rejoice; but when the wicked beareth rule, the people mourn. Proverbs 29.2
Monday, March 09, 2009
Wealth Hatred - Change to Believe In?
U N B E L I E V A B L E !
Are you kidding me? I can’t believe an American Citizen wrote this! His government education brainwashing is complete and the Democrat party has finished their work as well. If you don’t see the socialist revolution coming then you aren’t paying attention.
From the headline, ‘Trillions in Fed Spending: Obama’s first budget quadruples the deficit.’ President Obama is giving us the change we can believe in, just like he promised.
How do all the retirees feel about their life savings being worth half now? If you hadn’t been so greedy all these years and had paid more in taxes we wouldn’t be in this mess. I hope that before long, the president with the help of the Democratic Congress will get all of your retirement money and give it to the poor, and then you will know what it feels like.
I hope and pray that we will soon have free medical care that President Obama promised. The rich have always had the insurance and money to go to the doctor, and soon you rich people will know what it’s like to have to wait in line to get treatment with the rest of us. No more going to the front of the line just because you have money. During the campaign every time Obama pressed the economy his number went up and McCain’s went down. The American people have spoken, we won the election from Bush. He caused all the problems and now you Bush supporters just whine about your problems, well get over it. It’s a new America, and we are the Man now.
How much longer can the Republic survive? This kind of talk has got to stop but thanks to the “Political Class” they enforce and encourage this behavior. Obama’s plan for recovery plays right along. Punish and demonize the producers and encourage the non producers. What happened to MY America?
President Lyndon Johnson’s administration was known for his War on Poverty. President Obama’s will become notable for his War on Prosperity.
We’re speaking, of course, of Obama’s plans to hike income taxes on the most wealthy 2 or 3 percent of the nation. He’s not just raising the top rate to 39.6 percent; he’s also disallowing about one-third of top earner’s deductions, whether for state and local taxes, charitable contributions or mortgage interest. This is an effective hike in their taxes by an average of about 20 percent.
The composition of the tax hikes in the 2010 budget is frighteningly similar to the Revenue Act of 1932, the much-maligned Hoover tax hikes that put the “Great” in Great Depression by putting an enormous tax burden on millions of Americans, largely through excise taxes. These taxes, raised even further by FDR, were justified by the promise that the funds would be returned in the form of relief programs, which is to say that some portion of the tax revenue, after administrative costs in Washington, would go back to the states with strings attached, often to further political rather than economic objectives.
Despite President Obama’s promise that “If your family earns less than $250,000 a year, you will not see your taxes increase a single dime. I repeat: not one single dime,” his new budget raises 45 percent of its revenue from energy taxes that will be paid by everyone who fills a gas tank, pays an electric bill, or buys anything that was grown, shipped, or manufactured.
If we continue down a path of repeating the policies of the 1930s we risk a repeat of the same results. Let’s hope Congress has the good sense to say no to these Hoover-style tax hikes.
“My administration has also begun to go line by line through the federal budget in order to eliminate wasteful and ineffective programs. As you can imagine, this is a process that will take some time. But we’re starting with the biggest lines. We have already identified $2 trillion in savings over the next decade.”
But, lamentably, a few days later, The Washington Post reported: “A senior administration official acknowledged yesterday that the budget does not contain $2 trillion in spending cuts over the next decade. Instead, the figure represents Obama’s total efforts at deficit reduction, including tax hikes [of more than $1 trillion] on families making over $250,000 a year. It also includes hundreds of billions of dollars ‘saved’ by not continuing to spend $170 billion a year in Iraq.”
Only a big government man would think of calling a trillion-dollar tax increase a spending cut or “saving.” Technically, of course, it is true. A trillion-dollar tax increase will reduce spending by a trillion dollars for those private citizens who were taxed. And, from the perspective of the federal government, a trillion dollars taxed is a trillion dollars saved from the greed of the taxpayers who produced the wealth
If the founding fathers were alive today they would apply the same standard to the Obama administration as they would King George. The Boston Tea Party was a protest against a 4 percent tax on tea. How do you think they would have reacted to a 39.5 percent tax?
Have you read the Declaration of Independence? Read it in the context of what is happening to our Nation today and see if it still fits. I have provided an excerpt below.
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security. — Such has been the patient sufferance of these Colonies; and such is now the necessity which constrains them to alter their former Systems of Government.
What would happen if millions of Americans showed up in Washington DC armed with pitchforks? You know the answer. Mass imprisonment. Gitmo would stay open for years.
On the other hand how much longer can the country stand by while the Obama administration and the Democrats deliberately destroy the United States economy? Are we willing to accept economic imprisonment? That’s what we are getting.
When do the actions of Obama and company meet the definition of a conspiracy? It sure looks to me that they are out to destroy the United States and everything we stand for.
In his campaign and inaugural address, Barack Obama cast himself as a moderate man seeking common ground with conservatives.
Yet, his budget calls for the radical restructuring of the U.S. economy, a sweeping redistribution of power and wealth to government and Democratic constituencies. It is a declaration of war on the Right.
The real Obama has stood up, and lived up to his ranking as the most left-wing member of the United States Senate.
Markets are not infallible. But the stock market has long been a “lead indicator” of where the economy will be six months from now. What are the markets, the collective decisions of millions of investors, saying?
Having fallen every month since Obama’s election, with January and February the worst two months in history, they are telling us the stimulus package will not work, that Tim Geithner is clueless about how to save the banks, that the Obama budget portends disaster for the republic.
The president says he is gearing up for a fight on his budget.
Good. Let’s give him one.
From a read of the comments in Pat’s article I think a sleeping giant may be stirring.
What happened to the empty promise of tax cuts for 95 percent of Americans? Now we hear that the Obama Administration plans to raise taxes big time.
I wish to remind the new administration that the last guy to raise taxes during a recession was Herbert Hoover. How did that work out, mister president?
The Washington Post presents an analysis by the Congressional Budget Office…
Taking Apart the $819 billion Stimulus Package
Interesting to note, $100,000,000,000.00 are tax credits, (welfare payments) to Americans that don’t pay taxes.
Remember what Margaret Thatcher said, “The problem with Socialism is that you eventually run out of other people’s money.” Taxes should be collected to fund government not to give a “refundable tax credit” to a portion of the population that doesn’t pay taxes.
This is insanity!
How long can you take from the producers and give to the non producers before our whole economic system collapses?
The Democrat and Republicans In Name Only, (RINO)s, have lost touch with the American People. They have become the political elite and We the People have become "fly-over country." I am not a Nazi, a terrorist, a member of the KKK, a racist, or a member of an angry mob. I'm not a birther, teabagger, truther or astroturfer. I do, however believe in the original intent of the Founding Fathers, the United States Constituton and the rule of law. I believe that Government should serve the People, not the other way around. I’m an American and conservative to my very core.
