Today, millions of Americans are rushing to get their tax returns done on time, or file for an extension. Meanwhile, President Obama gave his "shut up and pay" speech today, reminding us all how good taxes are. On the other side of the spectrum, right wingers were holding tea party's all over the country to protest the ever expanding federal government, and the confiscatory taxes that are to come.
While the President keeps hyping that he's going to give every American making less than $250,000 a tax cut, logical thinking Americans know that we are all going to pay more. If Obama raises taxes on those making more than $250,000, those people will either spend less, or look for new creative ways to hide their money. In spending less, demand will decrease for the products the over $250k crowd buys, and the people who make and sell those products will be forced to either cut back hours, or lay people off. Then all those people without jobs, or with reduced jobs will cut back, and pretty soon this cylce will deepen the recession into a full blown depression. So, while the Federal Government promises not to raise taxes on the less than $250k crowd, make no mistake, we all will pay more!
Oh, and while we're at it, the tea party's are a great idea. But where have they been for the last 20+ years while Washington spending has gone through the roof? While President Obama and his fellow liberals are breaking all records for spending (by a lot), none of the recent administrations have been fiscally responsible with our money. It's too bad it has taken a crisis the magnitude of Barack Obama to get people in this country to wake up to the fact that we have been spending our grandchildren and great grandchildren into debt, just so we can all retire at 62 with government funded social security and health care. Aren't we so proud of ourselves?
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