Then give me status quo!
A $1 trillion tax increase and a $1.75 trillion deficit. European social-democratic spending initiatives including the first steps towards a single-payer system.
Obama calls his budget "an investment in foundations." It is a Robin Hood budget. He is taxing the wealthiest Americans and corporations (at a time when they need as much liquidity as they can get) and paying for the healthcare of the poorest Americans. And even then, the budget calls for a massive deficit. Surely that is a sign that now is the time for fiscal restraint.
If you absolutely need to spend, then make allocations in infrastructure and give businesses targetted tax credits so they could spend. You know.. things that will actually help?
But my biggest objections are rooted in the tax increases. Even if you don't make $250,000 a year, you need to fundamentally object to the idea of raising taxes on one group over another and then redistributing it somehow. That is nothing short of theft. Taxes have a punitive function built in them. By raising taxes on individual and corporate income the message sent from government is: "we will determine how much income is too much to have and penalize it."
Brilliant in a bad economy. Absolutely brilliant.
Friday, February 27, 2009
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